Rincoff Trading Jurnal

Posts: 193 · #1 - August 30, 2021, 12:17:26 AM

At this time our daily frame we see the price continues to rise, and currently the formation of Candle Engulfing Buy so as a price sign will try to rise again. And even in terms of BBMA technique at this time there has also been the formation of a CSAK BUY setup, namely the Candle in the direction of Kukuh who managed to penetrate and break on the mid bb line as well as the MA5 / 10. And every existence of CSAK then there will be Reentry, so the price of the correction drops first to enter the new Reentry area then rise, and the Reentry area is in the MA5 / 10 Low area. Then we can take a buy position in the Reentry area. Next on time H4 is there a setup that supports this time daily

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And at this time our time we see almost the same in Time Daily, which is the formation of a candle engineering buy, so as a price sign will continue to rise. And also there we see the formation of CSM BUY, namely Candle Momentum BUY. So the price will try to move up again according to the direction of the Momentum's candle. And every existence of CSM then there will be reentry, so the price will go down also to enter the Reentry Buy area in the mid BB H4 area or can also be in the Low H4 MA5 / 10 area. If we look in terms of the form of Bollinger Band has begun to open up, so this is a new trend that will occur for a week in the future. And then let's look at the H1 time frame time

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And if in this H1 time frame we see quite unique because two setups appear simultaneously, namely extrem sell and also CSM Buy, two signals indicating the opposite direction, so we have to wait for the next setup to validate it. And there candle momentum happens many times, which indicates so strong buy strength this time. So that we can conclude that at this time from the movement of Daily and H4 who will experience a correction to make Reentry Buy, then we can enter to buy in the Reentry Buy area.

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And if in this H1 time frame we see quite unique because two setups appear simultaneously, namely extrem sell and also CSM Buy, two signals indicating the opposite direction, so we have to wait for the next setup to validate it. And there candle momentum happens many times, which indicates so strong buy strength this time. So that we can conclude that at this time from the movement of Daily and H4 who will experience a correction to make Reentry Buy, then we can enter to buy in the Reentry Buy area.

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Posts: 193 · #2 - August 31, 2021, 02:12:40 AM

At Time Frame Daily is still advanced analysis the previous day, which prices try to rise to form a CSAK BUY. But until now the price cannot also form a CSAK Buy, in other words we have to wait for the appearance of Csak Buy, for price validation, it will really rise in this time Daily. And we see there is a resistance from the sellers, so the creation of a bearish candle but it is very small because it is still stuck, so there is an indication that today the new price will move up again. And if we look at the Billinger Band form still looks opening no indication narrows or flat, so we have to be vigilant if there is a sudden movement. Then at time H4 is there a setup that supports this time daily

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And on this time H4 we see prices trying to go down, but the joke on the mid bb line that intersects with the MA50, so the price immediately mantul up. Bakan prices also did not succeed in penetrating the Low MA5 / 10 line too, so this was also a sign that the price was not strong enough to go down, then there was a large indication of prices would move up again. Plus at this time in H4 there is a CSM BUY setup, so as a sign also the price will try to rise according to the direction of the candle momentum. And if we look at the Bollinger band form it is still tilted leaning up, which indicates the trend trip on H4 is bullish. And then let's look at the H1 time frame time

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And if we see this H1 frame we see an extrem buy setup that is followed by CSAK BUY. So the price will try to rise because there are already two setups appearing. But every existence of CSAK, there will be Reentry so the price will try the correction down first to enter the area of Reentry Buy (as it is currently happening). So that now is the right time we take a buy position, and by placing TP in the nearest resistant level area, or it can also be in the Top Bb H4 area.

Posts: 193 · #3 - September 01, 2021, 12:31:53 AM

At this time the Daily Frame finally the price has reached Mid BB, but the price does not succeed in penetrate, aka reject at Mid BB Daily. So there is a possibility that prices will try to fall again because of the reject, then currently there is mutual push between sellers and buyers to push the trend. And now there is no setup from BBMA on this Daily, so it is still difficult to determine the exact direction of price movements. But if we see the shape of the Billinger Band has begun to look flat but in the range it is very large, so it is still very vulnerable. Then at time H4 is there a setup that supports this time daily

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And at this time we see the price is not strong up, so the price is close below the top bb. So thus can be called the MHV Market setup lost volume, in other words one of the price signs will turn around, but must be followed by the next setup, namely CSAK SELL. And we see there the appearance of CSA is not a CSAK, so it's still not valid it will go down but it can also go down to pierce midb. So we have to wait for the setup what appears later to determine our transaction today. And then let's look at the H1 time frame time

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And if we see this Time Frame, the trend has started walking down. There is an extrem sell setup, which is followed by CSAK SELL. So the price immediately descends as it happens, and each CSAK sell then the price will be a correction to find the Reentry Sell area (like what happens now). And we can see the price has also managed to penetrate the MA50 line as a trend reference, so there is a large indication of prices it will run down. So the conclusion we have to wait for the price of correction towards the Reentry Sell area, we just decided to take a sell transaction.

Posts: 193 · #4 - September 02, 2021, 12:11:09 AM

In this daily time frame, we see that the price is still struggling to penetrate the mid BB, but has not yet succeeded in breaking it. Even if it is able to penetrate directly, it will be replied in the opposite direction, which makes the price reject at this mid BB daily. So that this situation is still confusing where the market is going at this daily time. What we can clearly see here is the shape of the Bollinger band, which was originally wide open but has now started to narrow or narrow. So that indicates the narrower the movement range of this daily market. Next on H4 time is there a setup that supports this daily time

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And at this H4 time we see a CSAK buy candle setup with a strong buy direction. Which is a price marker setup will try to move up with the nearest goal TOP BB H4 and the farthest goal is the closest resistance. And every time there is a CSAK setup, there will be a reentry, so the price will try a downward correction first to enter the reentry area and only then rise according to its purpose. And now the price has started to correct so now is the right time for us to take long positions. And if we look at the shape of the Bollinger band, it is currently very flat, which indicates that there will be a big movement later in the formation of the next trend. And then let's look at the H1 time frame

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And if on the H1 time frame, we also see the emergence of a buy momentum CSM buy candle setup. So this is also a sign that the price will move in accordance with the direction of the momentum candle. But the difference here is that it is also followed by an extreme sell setup, which is a sign to go down. So it's also confusing because the two setups appear together but in different directions. So we must wait for the next setup to be able to determine the direction and open our positions today. However, if this correction is a complement to the time above it is the reentry period of H4.

Posts: 193 · #5 - September 28, 2021, 12:32:06 AM

Monday's market movement yesterday was not too significant, it tends to be quiet maybe because on Monday there are not many active market participants, the movement of GBP-USD also tends to form a range that is not too big, but interestingly if I look at the picture of the condition and movement of the GBP-USD, between the H1 timeframe and the daily timeframe the conditions shown are almost the same, first I saw from the daily timeframe which was still moving around the 200 MA, had a break but was unable to breakout or close above the 200 MA so that it returned below the 200 MA, even so because the movement was still around the 200 MA so I haven't been able to get a clear potential direction from GBP-USD to where to go

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the conditions seen from the H1 timeframe are almost the same as those seen from the daily timeframe where the reference is both using the 200 MA, from the H1 timeframe yesterday it was also seen that the GBP-USD movement was above the 200 MA, but it turned out to be bearish again so it returned below the 200 MA , from the H1 timeframe I am looking for confirmation of direction by making a horizontal line support and resistance level, my assumption is that as long as the GBP-USD is still between the support level and the horizontal resistance level of the line, the trend will still be sideway and the direction is not yet clear, so as long as it is not there is a breakout moment maybe I will still wait and see first

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analyzing GBP-USD by taking advantage of the correlation with the USD index, it seems that it is still supportive for GBP-USD to move bearish, because the USD index seems to be still consistent in the bullish trend when viewed from the H1 timeframe, I made a bullish trend picture with confirmation of the 200 MA and level trendline support which gives an indication that the USD index is still a bullish trend, if today continues bullish and is able to breakout the horizontal line resistance level, it seems to strengthen the direction of the bullish trend on the USD index, so that the correlation will further encourage GBP-USD to move bearish

Posts: 193 · #6 - September 30, 2021, 11:58:11 PM

GBP-USD is starting to see different conditions because yesterday it turned out that the GBP-USD was more dominantly bullish, as seen from the daily candle that a bullish candle was formed, although in terms of power it is not too big and is still a correction, but in my opinion the bullish movement on the GBP-USD looks interesting because From the H1 timeframe a strong support level was formed, so that the support level became the beginning of the GBP-USD bullish movement up to now, although it is still a correction, of course there is a possibility that it will be a significant correction.

I made a picture of GBP-USD from the H1 timeframe with horizontal line support and resistance levels, which could be a clue, is that today's GBP-USD will continue its bullish movement with confirmation of the breakout moment of the horizontal line resistance level 1.3516, if this condition If that happens, it is possible that GBP-USD will continue its bullish movement further and may even lead to the 200 MA, but if it turns out to be bearish again today and is finally able to breakout the strong support level, it is confirmed that GBP-USD will continue its bearish trend, there is potential for power. bearish will be big again as seen in the previous two days

Posts: 193 · #7 - October 02, 2021, 09:49:11 AM

for the last two days it turns out that GBP-USD is moving bullish and yesterday's bullish power has become more significant than before, it can be seen from the daily timeframe where yesterday's daily bullish candle has a longer size than the next bullish daily candle, if you look at the weekly timeframe it turns out to be a week candle this is a bearish candle but has a long shadow low because of the bullish movement for two days, for next week it will be bearish or bullish in my opinion the potential is balanced, because even though the weekly candle is bearish, the presence of a long shadow low indicates a bullish power

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if you look at the daily timeframe, it turns out that GBP-USD is moving bullish towards the support became resistance (SBR) area which in my opinion is an important part in mapping the movement of GBP-USD, next week we can get directions from where the GBP-USD will move with see how the GBP-USD responds to the SBR area, between just retesting and then turning bearish again, or even being able to breakout in a bullish movement so that it has the potential to lead to the 200 MA which means it also has the potential to return GBP-USD to the bullish trend if it turns out to be able 200 MA breakout is also in bullish movement

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different conditions are shown by gold where the movement during the day yesterday was not much significant, even the gold range that was formed also tended to be narrow yesterday, technically there is a possibility that the bullish movement of gold which was still running until the closing market this week was still being held back by the resistance level the trendline, even though it had broken but was not able to close above the trendline resistance level, so that the direction of gold for next week is still biased, I use the horizontal line support level and the 200 MA as a reference for direction for next week, between continuing to be bullish and breaking MA 200 or will turn bearish and break the horizontal line support level, the moment of the break can be a direction