My Trading Journals

With information of breakout and 1st retest,
the price told what type of setup.

Information on chart using snr, what price react to.

Using target 1 as partial close point is important for risk management.
Its always there to identify target 1. Target 2 will be use for final exit.

When a break occur with only small difference between high to higher high or low to lower low it will be a gap. The gap actually create a zone itself when 1st retest did not happen at previous HH or LL. Then the 2nd retest usually took place at previous H or L.

Wishing All Traders A Happy New Year

Blank vs Plotted chart

First pair on 2023

Gold for new year, carefull ahead FOMC

Notes

See what i see? Check out the rules above.
Just deal with the risk.

Gold today, more to bearish using higher tf
Maybe wrong but just a hint from chart.

NFP DAY

Fundamental drive the price, hint on technical is void today. The release number is very good for stock market and weakened greenback. Obviously for NFP, when hawkish for stock, will be good also for commodity esp Gold and weakened USD. Its good to follow the trend and all the setups work well today esp Gold and UJ. Trade only selected pairs on NFP will be easy to control the risk.


Gold Setup

USDJPY Setup

GBPUSD Daily Open Setup

Weakened Greenback pairs

Orders

The reason i like about this pattern is order placement. B is a huge order been placed because :
B is a target for tp from A buyers create SELL orders to liquidate buyers position .
B is a SELL orders to execute buy stop orders from B itself .
Both buy orders need sell to fill their orders.
So SELL orders is the biggest orders.

Great setup on trending by Yen

Late entry but still got the blues.

Crude Oil

Fiber

GbpChf