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TOPIC: ShadowPit GBPUSD Outlook Practice

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GBPUSD Monthly GU is not a pair that I can say I have a good track record with. In the interest in improving my comfort with this pair, this is my bigger picture view of it.

GBPUSD Daily I am a little concerned that there are fellow traders jumping into longs a bit early with no fresh demand zone, or price action to indicate a direction change on

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the HTF.

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USDCAD 1408 Doh!

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USDCAD M5 Kicking myself for not leaving a pending on this one ( analysis )

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CADCHF Which way?

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CADCHF Weekly Trying to decipher intention can be difficult.

CADCHF M30 I personally feel that this is consumption of orders with the intention of going higher, but I also know that the market does not give a damn what I feel. So the best bet is to wait and watch for a range-box-breakout-retest before placing an order.

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This one could go either way.

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Silver 1408 decision time

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Silver Daily I feel like its decision time for Silver. Either bulls show their hand, or we go deeper into the FTR and shoot for a lower target. I would like to see the latter, but if you haven't noticed yet my bias when looking at charts seems to favour the short side. A sticking point I need to work on.

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Silver M30 What do you think?

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Silver H4 Another view

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Silver H4 Another view. Minor and Major support and resistence

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Silver M10

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Silver M10 Not trading it yet. Just reading for now...

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Silver M10 +3 hours on No surprises...rock and a hard place aka a range

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GBPCHF 1408 closed https://www.readthemarket.com/index.php/en/forum/journals/2084-shadowpit?start=25

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GBPCHF Daily Happy with what I have got.

GBPCHF M30

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NZDJPY 1508 Don't trade everything

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NZDJPY At first glance I thought wow - this S/R looks very clean. But on closer inspection there is nothing particularly defining about the historic price action. There is also no decent price action happening with the current reaction either. I will keep my

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eye on this one when the Asian session begins in 10 hours time.

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NZDJPY 1508 Looking higher

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NZDJPY H4 If this...then do that. Consider all time frames, put a greater weight onto the HTF analysis. If this..then do that. Wrap around a risk management plan and you've got yourself a choreographed dance with the market. Price might signal its intention only to change its mind later on. You have to plan for these events, anticipate them and be prepared to flip your view at a moments notice.

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NZDJPY 1508 Making a plan

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NZDJPY M5 Ideally I would like to see an engulf of the orange zone and then I will watch the approach to the dark green zone for a short term scalp back up to Major S/R as identified on the H4 charts.

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USDCHF Not making it easy

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USDCHF M30 Decisions to be made..

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EURJPY Up for now..

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EURJPY Daily Stops tripped at swing low, a fake out? Weak reaction otherwise.. No higher highs as of yet. Still a bear market for now...

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EURJPY H4 Oh boy what a mess. S/R everywhere. A couple of FTR's marked off. They might come in play early next week.

EURJPY H1 Mess confirmed. High, Low, Lower High, Lower Low, Higher High, Higher https://www.readthemarket.com/index.php/en/forum/journals/2084-shadowpit?start=25

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Low? The stuff of nightmares. It's up for now, orange boxes potential targets..

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How do you see it?

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EURJPY Up for now.. https://www.readthemarket.com/index.php/en/forum/journals/2084-shadowpit?start=25

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beauty is in simplicity https://www.readthemarket.com/index.php/en/forum/journals/2084-shadowpit?start=25

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Silver sell off

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Silver M15 Well, this one finally dropped. Pre-trade Analysis( D1 ) ( H4 ) ( M10 Scaling in )

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EURJPY 1508 Followup

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EURJPY H1 I ended up trading the breakout and unfortunately I moved the stop up too soon and too close. You live and you learn.. ( setup )

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EURCAD 1508 Holding on

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EURCAD H1 Been holding onto this one for a few days now. A few more obstacles to overcome before my desired target. I will exit on Price action if required. I have moved the stop up close to lock some in. ( setup )

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GBPJPY Scalp

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GBPJPY M15 This one seemed like a text book RTM setup.

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Good Analysis At key points

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"WHEN PRICE DON'T RESPECT SOMETHING, THERE IS ALWAYS IT BEHIND THE ACTIVITY" - AMIT

"THE PERSON WHO FIGHT UNTIL HE GET THE SUCCESS, GETS THE SUCCESS BECAUSE HE FIGHT UNTIL HE GET THE SUCCESS" - AMIT

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GBPAUD Learning from my loses

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GBPAUD M15 I need to remind myself to account for the wider spread with these cross currencies. Turned out to be the biggest loss for the week.

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What a beautiful journal!! You do a great job of exemplifying the thought process behind your analysis and trades. I too view the market as a rolling assortment of if then situations and treat my analysis as such so there are no surprises. The macro analysis is something that I think is kind of lost in the shuffle around here and is a major part of success in the markets. I also like how instead of posting pip perfect winning trades, you post the thought process you took to arrive to that position and give foresight in your analysis. Am I right when I assume you got some or your inspiration from the good Doctor?? Also, how long have you been trading because I can clearly tell you didn't just start yesterday.

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Find the source, trade it- SyT

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Thanks for stopping by sylntthunder. Appreciate the kind words. I don't see any other way I can make sense of the markets without going through the process I am attempting to fine-tune in this journal. I try to place more emphasis on the now (right of the chart/approach & reaction) and the only way to do that is to take it one engulf at a time in multiple time frames. The left side of the chart is all history and only a small piece in the puzzle to me. Inspiration actually comes from Red & the gang in the Price is everything FF thread. Ifmyante was able to take his learning and add his own flavour from that thread and make this wonderful website to really dumb down the learning curve for price reading and I will see myself forever in his debt! I love Doc's work as well! I could lap it up for days. Trading career thus far 3.5 years...slowly but surely :) Okay enough circle jerking lets trade!

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AUDNZD Another up or down...

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Decision time for AUDNZD this week. Let's look. Assuming you're not in a trade already... Let's do this backwards from LTF to HTF. AUDNZD H1 What a mess. Engulf of of lower and upper parts of the range. No point marking all the FTRs/DBR/RBD here. All Demand and Supply are taken out, and the only thing we can do at this point is trade to the hard right of the chart and wait for the decision to be made and hope for a cheap entry with that momentum. Purple box is the current range. My plan a would be for a break north and a retest of this price action area. Guess what plan b is? A break south and a retest of this price action area. Plan C. Well that's to be confirmed as price unfolds... Buy the bottom of the range, and sell the top right? Well I want to be buying the BOTTOM the NEW range and selling the TOP of the NEW range on this chart, which you might argue is buying the top and selling the bottom of some other time frame. All I know is that trading isn't as straight forward as one sentence catch phrases.

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AUDNZD D1 Now you can see why a decision needs to be made. .

AUDNZD Monthly & Weekly I didn't bother too much with the left of these charts. It's no secret that this pair is 'trending' down hard, but that means jack if I want to make some pips in the interim. Most recent supply/demand areas marked off. Let's see what happens this week. Watch the price action closely at the high and at the low of last weeks candle. That is where the best clues of mid-term direction will form.

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Oh yeah p.s. Does it seem obvious or uncertain that the monthly has not hit a reasonable target after last months close? What are you anticipating on this pair?

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tyvm man, always interesting and educational here

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AUDNZD Up for now..

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HOME EDUCATION FORUM AUDNZD H1 Recall the purple box from this analysis .

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Plan A = Wait for breakout north and take the retest

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AUDNZD M5 The result inner workings of the HTF

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AUDNZD Up for now..

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ShadowPit wrote: AUDNZD H1 Recall the purple box from this analysis . Plan A = Wait for breakout north and take the retest

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AUDNZD M5 The result inner workings of the HTF

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Hi ShadowPit, i like very much your analiys.... keep posting.... Good work!!! Junior Maia

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by Junior Maia!!!

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