DislikedGU:
Perfect storm growing at WP, DP, H4 10, H1 35/50/62 confluence.....
I will be in and out of my office today, but I will try to catch this one if I can.Ignored
Sometimes too much patience is also not good?
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DislikedGU:
Perfect storm growing at WP, DP, H4 10, H1 35/50/62 confluence.....
I will be in and out of my office today, but I will try to catch this one if I can.Ignored
DislikedAlso observed the same opportunity. But missed the trade due to the price did not really touch 1H 35 SMA.
Sometimes too much patience is also not good?Ignored
DislikedEntered at the touch of G/U Daily 10. Will wait to see if it continues to go south...Ignored
DislikedIt's rare not to touch all of them. I was also surprised, but knowing that the area would produce a strong reaction I entered at the close of the M5 retrace (GMT 11:05). Exited at 1.5600 for about +33p.Ignored
Disliked... even if MAs at H1, H15 & H5 are in an up-trend? (counter trend to the daily)Ignored
DislikedThat's why I scalped 15.3 pips and exit . Usually after a touch of any MA in HTFs) there is a small retrace even if lower TFs show the opposite. This is my opinion.
RegardsIgnored
DislikedGU:
Perfect storm growing at WP, DP, H4 10, H1 35/50/62 confluence.....
I will be in and out of my office today, but I will try to catch this one if I can.Ignored
DislikedIt was a nice set up showing that price will go up. Do you use the choros/dance method? Because if you use it you shouldn't ask this question .Ignored
Dislikedyes I do, and I went long based on the touch of 14 ema on the M5. Your original post suggested you thought it was going down to the 15 EMA on the M15 which definitely didn't happen. I seriously questioned that it would go that far down. Hence my original post.Ignored
Dislikedgot 22 pips from this trade. I would like to know, whether this trade is strictly based on rules? I was trailing after I secured 15 pips, using M1 chart beause of the upcoming news on USD.Ignored
DislikedIn my opinion, it is a good entry. Congrats mate! BUT...If you look at the M5 and the equivalent time that you entered you will notice that price in M5 was at a scoop up mode. This means that since price hit M5 35 it could go up again and form a lower high before it start going down again. But it could easily break through both 35/50 especially after a so strong (high momentum) bullish bar in H1.
Anyway I don't want to confuse you. Maybe I pay too much attention to lower TFs but this works fine with me. Keep in mind that it was a good trade and...Ignored
DislikedI am not expert in trend lines and channels but I think that the channel drawn in the graph below might help for a clearer view of what price may or may not do. Please have a look and give your lights...
In my opinion, if price break through this channel it will go to 1.3750 or higher. Failure to do so, will provide a bearish signal.
AttachmentIgnored