Trade fearless not careless...
- Joined Mar 2016 | Status: Peace_To_The_World | 621 Posts
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
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DislikedHi all Important level to look at tonight GBPUSD 1.2386 EURUSD 1.0530 USDJPY 113.87 For GOLD, looks like all of my ideas are wrong, which i was thinking it will go to 1250 level. So back to the basic, here are the sword-lines 1209.9 1212.3 1214.7 1216.7 1220.3 (important support) 1223.6 1225.8/1227.6 1229.7 1231.4 1234.0 (important resistance) Worst case scenario is breaking 1220.3, which will completely ruin the uptrend. And we cannot be positive before breaking 1234 and stay above there again. I really don't want to do reverse trades, just want...Ignored
Disliked{quote} i cannot guarantee if you are holding long from 1220 level, just wait and see, and pick an SL on one of the sword-line in case of something go bad if you are not holding long from below, not recommended to add now it's too risky given the unemployment claim data is coming soon but as i said last night, if 1234 is safe, this wave we should target on 1250 level 1225.8/1227.6 1229.7 1231.4 1234 1236.7 1238.9 (we stuck here) 1240.9 1242.7 1244.8 (last high) ... 1253.5 EDIT: USDJPY: 113.87 113.60 113.15Ignored
DislikedMy explanation is the following: I think it's because of news and low volume so that prices are going back to VPOC of today (price where has the highest volume of today). I use the volume profile indicator shared by Dale to check on the volumes throughout the day. {image} I still use the sword lines provided by 90strader and using the Volume Profile from Dale to check on the direction it may go. I placed another Sell Limit at 1234, which just got triggered. My guess is that prices may go to 1230.67 because volume in between is still low. 90strader...Ignored
Disliked{quote} the volume profile indicator looks very good i think i am going to download it and have a deep look on it you are so brave to go short @1234 but it is not looking good hope you had already sealed the profit look at the SMA 50 in M1 chart, any upward movement we have to wait for that to come up just beware any sharp upward breakthrough when SMA 50 finally chase back the priceIgnored
Disliked{quote} I am still on my short, not sure where it will go. To be honest, we are all learning so I just let it go and see how it ends. I do not want to "pollute" your trading journal, I just share my thoughts and hope it can be useful to your trading. Here's the link to the Dale topic: http://www.forexfactory.com/showthread.php?t=608433Ignored
Disliked{quote} the volume profile indicator looks very good i think i am going to download it and have a deep look on it you are so brave to go short @1234 but it is not looking good hope you had already sealed the profit look at the SMA 50 in M1 chart, any upward movement we have to wait for that to come up just beware any sharp upward breakthrough when SMA 50 finally chase back the priceIgnored
Disliked{quote} Just wondering your SL is so far away, are you using a very small leverage?Ignored