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Market Analysis - Forexmospherians.com

Market Analysis Blog is the traders navigation page for quickly referencing the latest updates for this category and adding Market Analysis posts.

 Share your Market Analysis with the community but try to avoid just simply posting a Chart, link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes the Market Analysis is crystal clear to experienced traders but they will remain a mystery to anyone not seeing what you know. So say what you enjoyed about it or describe why you made that Trade, came to that Market Analysis or set of results. 

Daniel Stasziek

Gbp-Jpy Trade

Current Gbp-Jpy trade.

Analysis: 

-Daily frame primed in bull mode, wait and watch for dynamic and static S&R to be breached. Pattern = Inv H&S

- S&R breached, first entry taken.

- Wait and watch to see if a second entry could be taken, again waited for breach of the bull flag and rising channel. 

-Needless to say Daily, 3H, 1H and 15min all lined up for the long. Spoke about this trade before it happened and fired a "shout out" to place this pair on the watch list for longs. Hope some of you caught some "pipage" on this pair. ISS applied. 

 

Note:

Analysis is helpful to share and thats what the site is about, amongst other things, but we trade our own plans. I also had a few other pairs on the watchlist which have not materialised yet. Could they happen? Yes. Could they stay in range? Yes. Could they reverse from there current bias and go against my initial thoughts? Yes. 

Take you time, be patient and wait for the right setup to occur and exicute your plan accordingly.

A pattern trading legend Peter Brandt said, "having no position is still a position" and its his prefered position too!

All the best JR

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johnradical
Forex Trader and Senior Technical Analyst
Multiple Currency Pairs
Scalp, Swing Trend Trader
Contributor and Lead Trader: Forexmospherians.com

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