GS Journal - Page 2
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Thread: GS Journal

  1. #11
    Only a update in my next trading plan.

    I will either wait for a break to the upside @11225 buy the PB of 20-30pips using a SL @11170 or wait for the disadvantage assault of 11050 and if 11099 doesn't hold meaning amount is undamaged, I'll buy@11070-80 using a SL@11050 for TP tbd later. But if 11050 is removed then I will turn the trade to market with a SL@ 11099 for a downward driveway with TP tbd later depending on the driveway momentum.

    Hope it helps....

    GS.

  2. #12
    PA has been indiing its poised to make an upmove if 11145 holds...

    GS.

  3. #13
    I am gonna add G/U cos it has broken the bull I'd suggest let price return to 15850-15990 to sell the pullback into 15550-15480 then enter a long trade using SL@15320 to get TP@16450-16550.

    I'll add more pairs in due course.

    GS.

  4. #14
    Quote Originally Posted by ;
    I am back and to keep from where I've left off.... PA has already shown its hand by means of a weak, inconsistent and inconsistent momentum that's indiive that its morphing into a consol mode, so clearly the next question will be consol/range from where to where? So my response is its either the upside upper-case fractal that is capped@11420 level or the reduced drawback lower-case fractal that is capped by 11020 level. If that being the case how would you knows whether PA wants to set the range on that level? So my response is if its...
    This upthrust momentum seems quite wrong therefore I would enjoy the upside cap to transfer higher to 11520 instead of 11420.... Momentum has suddenly tapered off....



    GS.

  5. #15
    Price will have to go over 11322 with 11270 retains to have any chance of testing the upper-case fractal, or even it will range in this mid-case until it eventually split or break down. This rangey PA always a struggle to allow winner runs. But we always have to take what the market give us. That's the reality of forex which we will need to cope and handle daily.

    Good luck,

    GS.

  6. #16
    The price is smacked at the mid of mid-case, the upthrust degree is @11245 along with the downthrust degree is @11165 which means that for PA to split up or break down, all these amounts are the primary line of defence and if it will succeed in breaking up or down will depend upon it will breach upside degree and hold or the downside level and hold. Downside breach and those upside and hold amounts are dealt with in my post. This post is about the upside and downside line of amounts. I utilize them to know whether PA will last up or it will retest the low again.

    Hope that it is not all so confusing for people that want to learn how I exchange....

    Trade nicely and take good care.

    GS.

  7. #17
    Since PA is still in this pesky rangey manner, I would like to discuss some of my more term perspectives/views on this pairs. The simple fact that 11060 level is intact and 11270 is taken out clearly indied that price is on a upside mode and it might have to take out 11322 with 11270 holds in order to attack the 11447 and 11650 upper fractal degrees. In a most intense but unlikely up movement to generate a M/T trend change it has to breach the 11880 and 11580 to hold which I think its highly unlikely for the time being. The most likely situation would be PA would breach 11447 and touch 11600-11640 then flip down to retest the 11070 level again and if this level is breached and 11260 hauled down it then the bears will reign supreme . So the most likely scenario to be played out is a rangey manner between 11600-11760 level max capped by 11880 to the trough @11070 level.

    Thats my longer term perspective to ponder upon and let see whether PA performs my opinion or it has some other plans. And whatever and wherever PA want move I will always try to be two measures.

    Cheers,

    VT

  8. #18
    Price poised to begin its downmove to get a retest of 11070 if it does not cross over 11252 another hour or so.

    Trade so and be nimble if 11252 held it down.


    GS.

  9. #19
    We're reaching the upside down upper-case fractal and at case when 11417 is breached and 11475 doesn't down it with 11320 holding this up then price is poised to attack the next subsequent higher upper-case fractal at 11750 degree.
    Lets first focus on whether 11475 will be holding it down and determine if 11320 will hold this up. I have my reservation about this happening on this second effort to break higher as it generally occur between the third and fifth effort but first thing first, let the PA reveal its hand first, then we'll choose the next appropriate move so.

    Cheers and transaction well.

    GS.

  10. #20
    Well 11182 is broken. .game on again.

    GS

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