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Attachments: Dragon or Snake - GU, UJ, GJ, EU, EJ
Exit Attachments

Dragon or Snake - GU, UJ, GJ, EU, EJ

Well GU couldn't break it since Gold and EU is going down. At this rate .39240 GU support is there. Sucker better hold.

Too bad I did not take the EU short setup earlier...

So far I'm 1 loss 1 win today. How's the rest doing?
Be like water go with the flow
what are the chances of visiting the low of 10 days ago?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 61 KB
Keep It Simple Stupid
Quoting Alastair
what are the chances of visiting the low of 10 days ago? {image}
Can't answer you yet since GU is still strong and consolidating. If this GU break is a fake then might go lower than your target.

But you are in a break even now. You are in a good position.
Be like water go with the flow
Quoting maflip
{quote} Can't answer you yet since GU is still strong and consolidating. If this GU break is a fake then might go lower than your target. But you are in a break even now. You are in a good position.
ok, thankx for your input, lets watch her.
Keep It Simple Stupid
Quoting Alastair
what are the chances of visiting the low of 10 days ago? {image}
Highly likely. Already broken upward trendline on H1 unless it's going to retest it
Never Ever Give Up
Quoting Alastair
what are the chances of visiting the low of 10 days ago? {image}
Are you using 10 and 50 EMA?
Never Ever Give Up
Quoting sumar
{quote} Are you using 10 and 50 EMA?
both in fact
white 10EMA
blue 50EMA
Keep It Simple Stupid
Quoting Alastair
{quote} both in fact white 10EMA blue 50EMA
Yes, I've noticed that. I'm using the 10, 20, 50 and 200. With the 20 I get 10/20 crossover signals a bit earlier for change of trend
Never Ever Give Up
Quoting sumar
{quote} Yes, I've noticed that. I'm using the 10, 20, 50 and 200. With the 20 I get 10/20 crossover signals a bit earlier for change of trend
il Add the 20 and play around with it a little..
I am trying to get a simple yet effective plan in place with the MA's.
Added on the little pull back
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 63 KB
Keep It Simple Stupid
Quoting maflip
{quote} Can't answer you yet since GU is still strong and consolidating. If this GU break is a fake then might go lower than your target. But you are in a break even now. You are in a good position.
I was hoping for a break of that H1 GU trendline...... Then GU would be in for a big fall
Never Ever Give Up
Quoting sumar
{quote} I was hoping for a break of that H1 GU trendline...... Then GU would be in for a big fall
GU still parking (consolidating) on that H1 trendline...... Highly likely that it will break down during the US open. I might be wrong. Trade safe
Never Ever Give Up
https://www.tradingview.com/x/iJAkpBV0/

I am long USDJPY at market. Target and stop shown.
Quoting sumar
{quote} GU still parking (consolidating) on that H1 trendline...... Highly likely that it will break down during the US open. I might be wrong. Trade safe
Support held bro
Be like water go with the flow
Quoting maflip
{quote} Support held bro
Yes, unfortunately....lol
Never Ever Give Up
Quoting sumar
{quote} Yes, unfortunately....lol
That broken daily trend line is still in play for GU. At the moment though only GBP and Yen is strong against the dollar. If they can clear this hurdle it's gonna pop.
Be like water go with the flow
Do you guys use market execution orders or pending orders for your trades? And why?
Never Ever Give Up
Quoting sumar
Do you guys use market execution orders or pending orders for your trades? And why?
If I have a straddle trades or stop and reverse trades pending order. If not then market execution. Why?
Be like water go with the flow
Quoting maflip
{quote} If I have a straddle trades or stop and reverse trades pending order. If not then market execution. Why?
Straddle trades? i tend to be reluctant to do pending orders. Prefer market orders. had a few bad experiences with pending orders with fake breakouts
Never Ever Give Up
Quoting sumar
{quote} Straddle trades? i tend to be reluctant to do pending orders. Prefer market orders. had a few bad experiences with pending orders with fake breakouts
Straddle when I have a buy stop and sell stop above below a consolidation
Be like water go with the flow
Quoting maflip
{quote} Straddle when I have a buy stop and sell stop above below a consolidation
Lol. I've learned something new today
Never Ever Give Up
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