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GBP/ZAR

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GBPZAR trade ideas

HOW TO TRADE LIKE THEM GBPZAR FOLLOW UP .100% accuracy 12k pipOk so last week I’d did a breakout on this pair I’d explained what is going on I’ll link that. Now we can see here everything to the tee is playing out exactly as I said. 🤷🏾‍♂️ Now we have a massive double top with a hs as the left top and a double top as the right. Tip let necktie break with failure to renter off of the daily mvwap for a long risk free thousand pip move this is a real nice trade HOW TO TRADE LIKE THEM-
by Donajor8
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HOW TO TRADE LIKE THEM FOREX CORRECTION MISEDUCATION So here one of my trades I been cashing in and out i think it’s time to stay. But I just had to put it up here after looking at so many post and it’s like everyone is all over the place. Price action is easy here We have two double top separate with a lower retracement where price failed the first time at making highs dropped gathered up and retried with a lower high as this is what a classic double top should be! The second top should be lower than the first as this shows failure. Now those tops with the second top is higher shouldn’t be traded as a double top as this shows the market still have it So we have four tops within a price range with the last two lower.. why? Are ppl saying buy? I just don’t understand traders and how they make their decisions 😱 this is horrible. There’s no buy signal stronger than this and this isn’t all Let’s continue On the second set of double top we have high vol indicated with the blue candle if u follow me u know my candles are colored blue high bullish yellow high bearish And as I teach ppl n forex high volume moves at any climax equals end of trend it’s that simple nothing else will matter. Now you may have to wait for the move to kick in but the current direction is done. So we have this high vol in the sec double top ( the third swing up) but a lower high than both of the swings in the first double that went up higher with less vol and efforts. Now think on this.. It’s taking the market more volume and volume and momentum goes together and more momentum to make lower highs? 🤔 think on it plz! Get it yet,? It don’t make sense right for this to be happen abdcrhecreason why it is is cus the market failing to go up. It’s time hang the bull flag up n play ball with the winning team ppl So We just enter the retest the necktie of the top which is a mountain double top so the necktie is major resistance and as we can see in price. ( look at the drawling to understand the pattern) it came back up to tsp into the liquidity zone at the necktie and as classic stuff it’s being rejected, we can see all this I’m not making this stuff up!! The lack of education is sinful. Times are to hard and will get worse we must do better!! Now looking at the rsi we can see it made a head n shoulder pattern. Fam those patterns on the rsi represent how price will behave. This pair is for sell. I’m looking to complete the market measured move and sell to hell as we price volume momentum divergence, double tops 4 total at a zone rsi hs rejections at the top necktie .... why would I settle for less? HOW TO TRADE LIKE THEM- for those looking to invest in the market as these times the market is providing positions of untestable entries as most markets are changing direction and this happens once a decade I have positions available to trade and monitor for you. I’ll coach you through and explain the trade in depth via zoom. Serious injuries plz as I’ll monitor n will place them in their position out of the selective pairs that I’d followed and know their agendas I’ll walk them through the set up from the start of the pair so they’ll know and understand. Also education method is additional or separate Like learn follow become educated
by Donajor8
HOW TO TRADE LIKE THEM gbpzar- 80,000 PIPS Ok so I been trading exotic with great results and realizing the simplistic of them wish I known sooner but traditionally just like everything else in trading the opposite is true therefore I’m not surprised over how easy it is to come up trading them. Thus the transition is official I’ll be focusing more on them and hopefully you’ll see how easy they are as well and this may be do to the fact they are not highly traded cuz we are taught they are hard to predict with price action etc but I’d questioned this if this is so than how can price action rule.? So as an enlightened trader I’d explored.. Now what I did notice with them that is semi correct is trades can go against your assessment more readily but all that is required is to use more indicators as confirmation and pull more rabbits out ur hat. As a rounded trader should be able to do with ease. So I started using bollinger band and wave counted etc . So now let’s talk about this 80k pip as ill explain how I’d step by step came to my assessment STRUCTURALLY Firstly I’d noticed a m structure forming on the monthly as all assessment for me starts here. As monthly do not have structural fakes yet the pattern wasn’t completed as it can turn into a n structure. Secondly I’d looked at the highs We see rejection at the first high - rejection is a single high wic candle with a fast opposite response. Then Price retrace into a range channel - we see this typically when the market will go back up to retest the rejected high. Years later price goes back to retest Now we see price failed on this second test . Now on the sec test we look for 3 things one is what we have here which is a momentum failure to reach the high on the first push of the second test. This failure shows decrease in mom out the range as out the range mom will be the highest thus any throwback will have less mom than the initial breakout. Get it? Now on this second test we see that price wants to make it higher as clusters of candles are at the failure site. So let’s look at this site. We see a high vol bull candle with a follow up bear candle this shows buyer climax- meaning the bulls has temporarily left the market. This turnt into a mountain , now the bulls Re entered and the second mountain gave us an evening star a powerful reversal signs within content of the pair. Now these two mountain combined gave us a mountain double top a m variant. This was my sell signs initially and I went down the frames and seen a hs pattern I’d entered the trade before the hs played as I’d expected the higher frames to carry down. I’d got stop out on a gbp dominated week. So I decided to wait for a better entry as my stop confirms the direction as we see several fake outs when price dropped below the star pattern as this action wasn’t a rejection it’s the market testing and knocking out sellers by triggering entries and then go up to knock out the sl as these move are Hugh in pips. And I got caught in the trap 🤷🏾‍♂️. When I know I should had waited for a follow up candle being greedy 😂 but good risk management it was a small lost that didn’t impacted my account So I decided to watch the pair weekly. second appointment A few things I’d notice during my first assessment I’ll mention here as I’d use indicators more this time. I’d used pivot . The red lines are r3/4 and s3/4. So we see the sec test hit a r3 pivot. At a lower high than the first high. This explains why price stop to reach the first high also this shows that they don’t want higher prices so this and what’s above was enough for me to enter. Second assessment The structure hasn’t changed for a few weeks as price was testing the low and doing fake out. So I’d waiting to see a follow up bear candle below the evening star thus this will be one of the 3ways to confirm the star. Hence we got that move and note the candle opened and closed below the 3rd candle in the evening pattern.👌🏾 Next I’d wanted to see a higher volume on the 3rd candle in the star as this will show bears dominance. Yet note we do have a high volume here but it’s not greater than the spinning candle in the pattern thus this is still a good signs as the higher vol in the smaller second candle in the pattern actually shows where orders was places and also high volume in a spinning top candle actually indicates a trend change. It’s a sneaky way they hide their volume. Next I’d looked at the whole overall vol and the vol profile We see the highest volume of the chart in this second test high vol in a up or dwn trend means end of trend. Then The volume profile as the blue and red I’d set as down vol and vol area down so this means there is less vol in this sec test. Now note volume rules indicators wise my friends! Then I’d added bands to confirm the high rejection. As with bb rejections we want to see a break of the band a pull back into the band with a second high attempt that stay within the band as price goes lower as this shows rejection of the band. So looking at the first high with the bands we see just this and then price goes into the range. Then the second high is made and price breaks the bands, retrace , etc and retest with a lower high- same a picture as the first high. So looking at both highs we see the m pattern confirmed. Now I’m ready to renter and since we had a rejection at r3 it’s safe to sell to s3 this is over 80k when entering correctly. As market timing is very critical and even more so with exotic we will enter and expecting a pullback into the belly of the star pattern as this will be our ideal entry If not then a retest of the poc (the fakeout zone) HOW TO TRADE LIKE THEM-
by Donajor8