Right now, I'm just trading with some of my boys right now, and uh, this is pretty fun because trading like this is crazy and uh, makes things a lot easier.
So, update from the analysis that we did yesterday on Sunday swings, we're pretty much almost like seven for 10 out of all the markets that we predicted, so EUR AUD, we actually entered this market, beautiful sell, entered right here at exact analysis that I anticipated.
We're going to wait for that candlestick to close before we actually enter the trade because we need then the retracement, so we already had the break, now we're waiting for the retracement to then buy, I don't think sells are going to happen, I think sells are out of the picture at this point, so we're going to be on standby on that.
Can we enter here? Sure, but the problem is that the stop loss won't have, I mean, yeah, we could enter with the stop loss up here and then the take profit like this, but if I'm going to try and aim for 160 pips.
I'm going to try and get a much better risk to reward because this is going to have a retracement, have clean rejection here and then my stop loss can be around 40 pips and now this trade goes from a 1 to 2 to a 1 to 4, so, and I also believe that this has that retracement, so it's very unnecessary for me to be in unnecessary drawdown, like it's just not needed at all.
I'd rather wait for that to come back and then retest, can we potentially miss this completely? Yeah, would that suck? Yeah, but it's part of the game.
I see this having to have this retest of all this structure that it broke here, it's just already teeing it up, you can see how it already had the push to the downside, it's already stopping at this area and you can see how it's already teeing up this retracement.
I do think it's going to be a quick one, I don't think it's going to stop and be here for a long time, so I can expect some quick rejections here to sell, so we're going to be waiting for that to happen.
Daily time frame created that daily wick exactly how I anticipated for it to have, and right now it's having a very, very, very strong continuation to the weekly candlestick of us that we analyzed on Sunday swings.
Right now, I'm simply going to be waiting for this to close below this structure point right here, once it closes below this structure point, then I anticipate for it to have a pullback, so this already happened, but I do expect for it to even do this again.
Trust me, I don't want that to happen, I'm in this trade right now, the last thing that I want is for my profits to be minimized and potentially go into drawback, I don't want that to happen, but the thing is that I'm realistic when it comes to trading and I understand that these things could happen and it's inevitable, like part of drawdown is normal, and I see this having the left head, right shoulder and this coming back retesting up to this point right here and even this EMA for then us to then have a sell.
Right now it's having the retest, but I don't like how we're above this level of support, clearly whenever above we head up, whenever we're above we head up, whenever we head whenever below we head down, so I'm going to sit on the sideline for this one for now.
GBP USD, kind of how I said on Sunday swings, it's accumulating here, beautiful daily bearish candlestick, but I want more of a solid move before we enter this trade.
I entered this trade and we were up, look at this, just look at this, look at this, look at this, we were up a 1 to 4, I could have kept holding this trade and we would have been up a 1 to 6.
Oh my God, that's fucking insane, I would have gained another two points just by simply doing nothing, and I anticipated this to do that, but I expected a retracement first, the retracement didn't happen, but wow, that's crazy.
So for now, we're going to set and forget, my type of trades don't really happen super fast, like I can't just be here in front of the computer all day just looking at this because it just, it just won't happen.
Uh, let me go back over here, so yeah, we'll update you guys how it goes, so for right now, EUR AUD is looking pretty decent, and let's set and forget and see what happens throughout the rest of the day, it's still only Monday, like the fact that the market's moving this fast Monday is pretty crazy to me, so let's check back in a couple of hours, we'll be back.
Um, let me show you guys what's going on right now, so it is currently 1:15 in the afternoon, four hour, oh, probably the mic is so far, probably you guys probably didn't even hear me.