Disliked{quote} I don't think that at all. I use higher timeframes to look for set-ups and use lower TF's for entries. My question was whether you use market or pending orders and why?Ignored
Dragon or Snake - GU, UJ, GJ, EU, EJ
- #1,503
- Edited 8:34am Mar 16, 2018 8:13am | Edited 8:34am
{quote} Your mentality is backwards and i am sure if you had a te it would reveal it. Entry on thr lower tf makes you a lower tf trader and not a higher tf trsder.
You've got a TF mentality..... lol. Lighten up....you tooooo serious. On a serious note as a newbie I'm open to learn from you.... I'm always teachable
Never Ever Give Up
- #1,505
- Mar 16, 2018 8:33am Mar 16, 2018 8:33am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} I don't complain...lol. The move down has been profitable. I hope you cashed in on it?
But yeah GU is at the sell zone now. I already hit profit at the first long entry for the day on GU so I didn't care anymore after that. But, since now it's at the sell zone GU could be testing that trend line I mentioned. I'm done for the day so gonna watch you experts make money now.
{quote} No I was at the mall shopping when it happened.
Never Ever Give Up
- #1,509
- Mar 17, 2018 11:29pm Mar 17, 2018 11:29pm
- | Membership Revoked | Joined Aug 2017 | 2,302 Posts
EU GOLD and most other pairs against USD been going down but GBP has been holding it's ground.
Who knows?
Perhaps Satan...
- #1,510
- Mar 18, 2018 1:46pm Mar 18, 2018 1:46pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
Are you tracking the USDJPY this week? You may consider my technical perspective.
Price action is operating in an ascending channel (blue) on the H4 time frame. The most recent price action has disposed southward from the channel resistance but encountered a support trendline (magenta). Price action reacted to the support trendline with a tiny bullish candlestick towards the end of session last week Friday. The tiny size of the candlestick is an indication of a weakness on the part of bulls. To retain their influence, however, bears will have to break down the support trendline (red) realizing that price action is curently located in a confluence of a minor horizontal support and the support trendline. The 105.300 area is likely to be the first target of bears. Alternatively, we may see bulls regain their confidence in the early part of the week in an attempt to push price action a bit further northward from its current location, possibly targeting the minor horizontal resistance around the 106.600 area. But such a move is likely to be corrective and we may see a southward turnaround of price action from that area.
I may be wrong. Trade safe and prosper.
KP
Price action is operating in an ascending channel (blue) on the H4 time frame. The most recent price action has disposed southward from the channel resistance but encountered a support trendline (magenta). Price action reacted to the support trendline with a tiny bullish candlestick towards the end of session last week Friday. The tiny size of the candlestick is an indication of a weakness on the part of bulls. To retain their influence, however, bears will have to break down the support trendline (red) realizing that price action is curently located in a confluence of a minor horizontal support and the support trendline. The 105.300 area is likely to be the first target of bears. Alternatively, we may see bulls regain their confidence in the early part of the week in an attempt to push price action a bit further northward from its current location, possibly targeting the minor horizontal resistance around the 106.600 area. But such a move is likely to be corrective and we may see a southward turnaround of price action from that area.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #1,512
- Mar 18, 2018 6:36pm Mar 18, 2018 6:36pm
- Joined Mar 2013 | Status: Trader | 6,512 Posts
{quote} Or it could be a laggard and see the biggest drop next...
All this dollar strength can also reverse after the FED increase. FOREX can be crazy like that.
- #1,519
- Mar 19, 2018 5:23am Mar 19, 2018 5:23am
- Joined Mar 2013 | Status: Trader | 6,512 Posts
Oh what a beautiful day it is.....thanks to GU....