CHA$E CAPITAL

  Hello traders, USDZAR price rallied into a key H4 and daily chart supply zone at 17.23300 & 17.06398 which is the origin of the previous drop to the H4 and daily demand zone at 16.25585 & 16.12055. Price has filled the major range from the supply zone to demand and back to supply. Price rallied into supply at 17.11520, formed candle close inside supply then dropped away from supply in one large bearish engulfing candle on H4 that closed below supply, this forming a major confluence for my short bias.  Took sell entries during London session at 17.00530 with SL at 17.10110. Price retraced to retest 17.07300 then dropped again by a push away from supply and formed a lower low at 16.93257, an additional confluence for the bearish sentiment. Setup taken is a rally base drop, a reversal setup and my target is at 16.31100 which is close to the H4 demand zone as I anticipate price to drop back to demand.  Price dropped 415 pips to the 1st H4 low at 16.73460 confirming ...

  Good evening traders, I hope you're doing well and ready to tackle the markets this week as last week was more favorable for me in crypto markets than in currency markets. Looking into the charts today, GBPUSD price dropped to a key H4 and daily chart demand zone at 1.17650 & 1.18290 which is the origin of the previous rally to the supply zone at 1.22843 & 1.23781. Price has filled the range from the demand zone to supply and back to demand. Price dropped into demand, formed strong wick rejections on H4, candle close inside demand followed by a rally in form of a strong bullish engulfing candle on H4 to 1.18785 and closing above demand. Price then dropped back into demand at 1.17650, formed rejection wick and candle close inside demand on H4 followed by a rally out of demand in form of a bullish engulfing candle on H1 showing the zone has held and the bullish bias is still valid until demand breaks.  Took buy entries during NY session at 1.17881 with SL at 1.17520. S...

Trading is a field that requires a certain mental capacity to achieve long-term success as trading involves tons of emotions expressed by a trader daily in the markets. As every other trader does, I've struggled with different emotions in the markets eg fear, greed, patience, FOMO, over-confidence, anxiety among others. 1. FOMO - Taking trades earlier than supposed to due to the Fear Of Missing Out (FOMO) on the trend leading to losses before price takes the anticipated bias. 2. Greed - Adding entries in an already loosing trade and increasing risk even if the trade is meant to be in my favor creating a huge drawdown first that tends to be quite stressful leading to closing some positions in losses. 3. Patience - Lack of patience to allow a trade setup to play out. This means either taking the trade before confirmation of the setup, or not letting a trade breathe by closing early especially when in drawdown then re-entering even when the trade has not yet touched SL. Cutting winner...

  Price gained more bear momentum within London session into NY as it took out the 1820 low, retested it on H1 giving opportunity for a scale in position and continued with the drop to 1696.04 and still showing bearish continuation towards the H1 & H4 demand level at 1661.05 & 1565.54 which is my target and area of interest. Price has filled the H1 & H4 range from demand to supply and back to the demand level which was a previous bullish BOS and target for the current drop, a 310 pips move.

  Price gained more bearish momentum within London session into NY session as price dropped  back to demand on H1 & H4 at 21759.22 & 21123.66 which is below my anticipated target which was 22500.00. Price took out the H1 & H4 low at 22500.00, and continued with the drop back to the H1 & H4 demand, which was the bullish BOS of the rally to supply hence filling the H1 & H4 range from demand to supply and back to demand causing a 300 pips drop and still melting closing the week at a key demand area to watch out.

  EURJPY price dropped from a key supply level on H1 & H4 at 138.163 & 137.306, which is the previous H4 bearish BOS level, to 135.100 a H1 & H4 low. Price retraced from the H1 & H4 low leaving a strong wick rejection followed by a strong rally back to the H1 & H4 minor BOS level at 136.800 & 136.500, a 140 pips move. Price continued rallying to 136.880 where it showed possible weakness and potential reversal.  Took sell entries during NYSE at 136.750 with SL at 137.050 after several failed attempts for a good entry. Setup is a drop base drop, a continuation setup and my target is at the next H1 low at 135.117.  

  Hello traders, ETHUSD price rallied to a key supply level on H1, H4 and daily chart at 1996.38 & 1909.48 which was a daily BOS level and also is the origin of the previous drop to the daily and weekly demand level at 962.07 & 907.81. Price filled the 1st major range from supply to demand and back to supply. Price rallied into supply, formed strong rejection wicks on H1 & H4, candle close inside supply followed by a strong drop out of supply confirming the bearish sentiment. Took sell entries during late NYSE at 1906.99 with SL at 1971.42. Setup taken is a rally base drop, a reversal setup and my target is at the next H1 & H4 low and demand at 1661.05 & 1565.54. Price rallied back deep into supply at 1951.51 in 2 bullish candles then followed by a large bearish engulfing candle on H1 that closed below the 2 bullish candles. On H4, price formed a strong rejection wick, followed by candle close below supply and a drop away from supply to 1848.80, a 110 pips drop ...

  Good evening traders, I hope you're all doing well and promoting peace and unity even after the release of the results of our presidential elections. Let's all remember that united we stand and divided we fall. Into the markets today, I've sought refuge into the cryptocurrency markets after missing a solid opportunity for the EURJPY shorts that I had eyed since last week. However, BTCUSD price rallied to a key supply level on H4 and daily chart at 24987.67 & 24558.31 which is the origin of the 1st drop to the H1 & H4 low at 22500.00.  Price has filled the 1st range from supply to demand and back to supply. Price rallied into supply, formed strong rejection wicks on H1 & H4, candle close inside supply followed by a strong drop away from supply by a large H4 bearish engulfing candle confirming the bearish sentiment. Took sell entries during late NYSE at 24183.90 with SL at 24485.58 and set pending sell limit orders at 24558.30 with SL at 24780.56. Setup taken is...

 H ello traders, I hope you're doing okay and had a wonderful trading week. During the past trading week, the US Bureau of Labor Statistics released the monthly CPI data showing that The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.5% in June.  Over the last 12 months, the all items index increased 8.5% before seasonal adjustment. The gasoline index fell 7.7 % in July and offset increases in the food and shelter indexes, resulting in all the items index being unchanged for the month. The energy index fell 4.6 % over the month as the indexes for gasoline and natural gas declined, but the index for electricity increased. The index for all items less food and energy rose 0.3 % in July, a smaller increase than in April, May, or June. The dollar reacted negatively to this news release, with the dollar index (DXY), gaining heavy bearish momentum with price dropping from 106.550 to 104.300 and closing the wee...

  Good evening traders, I've been monitoring EURUSD since last week Friday as there was the Non Farm Payroll (NFP) news release where I took the sells from supply at 1.02860 & 1.02479 to the minor demand level on H1 & H4 at 1.01327 & 1.01070, filling the minor H1 range. As the week started, price reversed from the minor demand level and rallied back to the supply level again filling the minor H1 & H4 range. Took sell entries during NYSE at 1.02400 with SL at 1.02590 and I anticipate a continuation of the drop back to the minor H1 & H4 demand level. Setup taken is a rally base drop, a reversal setup. 

  Good morning traders, I hope you're all doing well and turning out to vote as today is our country's general elections. Let's remember to promote peace and unity during and after the elections as united we stand and divided we fall. Into the markets today, US30 price rallied to a major supply level on H4 and daily chart at 33421.64 & 32987.21, filling the 1st major range from supply to demand on the daily and weekly chart at 30086.44 & 29802.91 and back to supply. Price rallied into supply, formed a wick rejection and candle close below supply on H4 followed by a bearish engulfing candle. On H1, price dropped  by 3 strong bearish candles out of supply confirming the reversal into the bearish bias. Took sell entries during London session at 32900.80 with SL at 32978.20 and pending sell limit orders at 32987.21 with SL at 33190.29.  Setup taken is a rally base drop, a reversal setup and my 1st target is at 32406.7, the 1st H4 low and my 2nd target is at 31700.2, t...

  Good morning traders, I hope you're doing well, keeping warm and promoting peace as we approach the general elections next week on Tuesday. Into the markets today, EURUSD price rallied to a key supply level on H1 & H4 at 1.02860 & 1.02478 from a minor demand level on H1 & H4 at 1.01080 & 1.01370. Price filled the minor range from supply to demand and back to supply. Price has been ranging within this supply level and the minor demand as it held without being broken. Took sell entries during London session at 1.02486 with SL at 1.02720.  Setup taken is a rally base drop, a reversal setup and my target is back to the minor H1 & H4 demand level amid the incoming NFP news to be released today. Price dropped to 1.02230, retraced to 1.02370, then dropped with very strong momentum in one large bearish candle on H1 after the NFP release confirming the bearish sentiment. Price dropped 100 pips to the next demand level on H1 & H4 at 1.01327 & 1.01070, hitti...

  Good morning traders I hope you're doing well and keeping warm in this chilly weather. However in the crypto markets there has been no chills as prices had been on a significant drop since the start of this year from their all time highs during close of last year. I haven't taken any trades on crypto for a while but here's a BTC setup I've taken where price dropped from 24600.00 and breaking the low at 23565.78 on H1 and showing more bearish potential. Took my 1st sell entries on 31st July at 23732.24 with SL at 24200.00. Setup taken was a drop base drop a continuation setup. Price faked out a buy, then dropped leaving a long wick on H1 & H4, taking out my entries and hitting SL. Price then dropped as I expected. Took sell re-entries during NYSE at 23257.95 with SL at 23807.21. Setup taken is a drop base drop, a continuation setup and my target is at 21759.22, the next demand level on H1 & H4 at 21759.22 & 21123.66. Price dropped to 22886.24, forming a low...

  Good evening traders, I hope all is well and you're okay. Into the markets in the start of this new month, NASDAQ price rallied to a major supply level on H1, H4 and the daily chart at 13078.44 & 12776.97 which is the origin of the previous drop to the daily demand level at 11307.1 & 11148.9. Price filled the first major range from supply to demand and back to supply. Price rallied into supply, formed candle close inside supply on H1 & H4 , formed a bearish engulfing candle on H4, followed by a slight drop. However, price still hasn't dropped below supply and hasn't formed any wick rejections so any entry taken at this level is an impulse entry because there's not much confluence for the trade. Took impulse sell entries during London session at 12918.80 with SL at 12972.27. Setup taken is a rally base drop, a reversal setup. Price faked out a drop, followed by a rally deep into supply, taking out my entries and hitting SL. Price tapped 13078.44, formed a w...