Lengthy analysis today. Went through all pairs, found some ideas for the next day or two. The eur/usd is the most appealing at the moment.
Our gold trade unfolded in a way we expected it might. Having not held its hand out of the gate we found it lose confidence and come running home. A small btc/usd position was attempted over the weekend for a tiny loss. Nothing of any consequence has occured on our accounts so far.
Good Trading.
I was busy during the week and away from the charts. Today I sat down to see if any opportunities were approaching and found a position on gold/usd. It is only just moving from our entry at the time of writing. We've closed 30% and are looking at the trend line as a first TP area. On the remainder we're looking at around $3000 at the trend line, $5000 at the highs, possibly more if gold decides to continue trending. We decided to hold a majority of the trade open for this possibility. If possible I would watch price closely until its healthy and nicely in profit. Its getting too late for me to stay up to manage this trade any further. We're going to roll the dice on the outcome. The position is covered.
PS: The recording above crashed halfway. The settings were all mixed/broken for the second recording. Audio is off but still audible, video seems good.
Good Trading.
Analyzed some pairs today, found some very temporal ideas. Perhaps one of the ideas will make it all the way to a real opportunity. If I use these few ideas or find others I will post a live trading time lapsed analysis vid walking through the whole position.
I did find, on the last pair we analyzed (usdchf) some additional holes in our system where, when we apply the system to interpret price action it does not accurately reflect the truth of the situation. An old idea that I had not thought about for some time I realized explained the situation and after applying/integrating it into our system the rest of the pattern was perfectly explained and aligned. As a consequence we can see how this particular part showed the capacity for price to generate 3 degrees of rotation in a trade, a complex alignment of price action very rarely observed. This is more probably due to the difficulty in finding them not in the lack of its presence.
Edit: I meant 22% not 12% when talking about Gbpusd 78.6 fib.
Good Trading.