Disliked{quote} Hmm, interesting, I see more bearish signs there, than bullish signs. But still no confirmation. {image} {image} {image} {image} {image}Ignored
Be like water go with the flow
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Disliked{quote} Hmm, interesting, I see more bearish signs there, than bullish signs. But still no confirmation. {image} {image} {image} {image} {image}Ignored
Disliked{quote} Nice analysis What do you think about the support I drew here? {image}Ignored
Disliked{quote} I think that there are 2 possible support areas coming shortly. Important is what the price will do in the first area. If there is some high volume and buyers will jump in, it's reasonable to close the trades. Otherwise let them run and close them in the second support area. {image}Ignored
Disliked{quote} I think that there are 2 possible support areas coming shortly. Important is what the price will do in the first area. If there is some high volume and buyers will jump in, it's reasonable to close the trades. Otherwise let them run and close them in the second support area. {image}Ignored
Disliked{quote} If you watch these two other majors though. As you can see they refused to go down with AU and GU. Meaning, there might still be some bullish action next week. Watch these two pairs EU and NU next week, if they can break their resistances most likely it might lift AU and GU back up with them. {image}Ignored
Disliked{quote} EU is interesting, because I see there buyers and sellers and lot of indecision. Confirmation needed before we can decide something. {image} {image} NU I think reverse is near. {image}Ignored
Disliked{quote} Woot awesome!!! Newbies analyzing the market and not the indicators. Hey, that's how we learn And now, at the support and resistances that we discussed, look for a moving average cross or something that will be your scalp entry. Those are safe areas to trade in. Why? Because if you are wrong, they are the areas you can reverse to and get your money back right away. Once those major resistances are broken price might move 2-3x what you have lost. So your 10 pips loss can get you back 20-30. ahahhh interesting isn't...Ignored
Disliked{quote} Still in learning phase.. But yeah the more I watch Pete Faders videos the more I realize how important is the chart analyze. All the needed signs are front of our eyes, let's just look at them :nerd:Ignored
DislikedJust found out that on AU there is a harmonic pattern, can't remember which of them, but that give me more confidence of the trend direction {image} {image}Ignored
DislikedJust found out that on AU there is a harmonic pattern, can't remember which of them, but that give me more confidence of the trend direction {image} {image}Ignored
Disliked{quote} No idea but let see I remember when I started here I watched the patterns too, but just forgot them for some reason. Now just remember and I think the more I see on the chart the better is. It can improve my trading skills alsoIgnored
Disliked{quote} Ok, good, so you are now bearish based on the H4. But, where will you put your stop loss and what is your TP? A system is not complete without proper SL/TP placement, you gotta figure that one out next. You already know adding and averaging made you have a huge draw down you said that yourself and you don't want a huge draw down again. Also, when you see that pattern, what is your rule of entry? You need an entry rule so that you can keep repeating the same thing over and over again once you find what works or not. This is what's going to...Ignored