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  • #441
  • Jun 24, 2018 2:32am Jun 24, 2018 2:32am
USDCHF may be little more complicated.
We probably are in a range and the price may go to the green support
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  • #442
  • Jun 24, 2018 2:36am Jun 24, 2018 2:36am
also reverting the UJ.
That's a long...
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you are not expected to understand this
  • #443
  • Jun 24, 2018 2:39am Jun 24, 2018 2:39am
We should know quickly
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  • #444
  • Jun 24, 2018 2:47am Jun 24, 2018 2:47am
Quoting 4experience
We should know quickly {image}
to be honest, I try to "catch the obvious" on the Swissy since weeks. Bit tired of it...
Swissy is an extremely tricky market. Always promises, never delivers.
you are not expected to understand this
  • #445
  • Jun 24, 2018 2:58am Jun 24, 2018 2:58am
Quoting Teek
also reverting the UJ. That's a long... {image} {image}
yes up at the moment
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  • #446
  • Jun 24, 2018 7:56am Jun 24, 2018 7:56am
The H4 TL is holding the momentum up but it seems the bears are fighting trying to break the 4H TL.

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  • #447
  • Edited 9:39am Jun 24, 2018 9:18am | Edited 9:39am
Quoting Teek
also reverting the UJ. That's a long... {image} {image}
Quoting 4experience
{quote} yes up at the moment {image}
Something to consider before long trade.... just a thought.
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  • #448
  • Jun 24, 2018 9:33am Jun 24, 2018 9:33am
Quoting 4experience
USDCHF may be little more complicated. We probably are in a range and the price may go to the green support {image}
Yes, I agree. It looks a bit complicated. Weekly shows it is going to key support zone, daily shows it might reverse up from the previous resistance level, H4 shows that swing is about to change downward...
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profitable trading does not mean trading everyday
  • #449
  • Edited 10:10am Jun 24, 2018 9:52am | Edited 10:10am
Quoting pkimnyc
{quote} {quote} Something to consider before long trade.... just a thought. {image}
thank you for your thought because you touch a key point.

as you see on my chart we are on a support.
When we are on a support we have to buy.
The wicks you show on your chart are logical because above there is a resistance.
But as the trend is bullish (HL et HH) we should buy and TP 1 is the resistance and TP2 above if the resistance breaks.
Perhaps the support will break and we will have a reversal trend but trading requires to buy at this level not to sell. The probability is in our favor.

All the understading of the trading is here ! You can delete the MACD and and all indicators .
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  • #450
  • Jun 24, 2018 10:18am Jun 24, 2018 10:18am
reversing signals from key levels...
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profitable trading does not mean trading everyday
  • #451
  • Jun 24, 2018 10:19am Jun 24, 2018 10:19am
Quoting 4experience
{quote} thank you for your thought because you touch a key point. as you see on my chart we are on a support. When we are on a support we have to buy. The wicks you show on your chart are logical because above there is a resistance. But as the trend is bullish (HL et HH) we should buy and TP 1 is the resistance and TP2 above if the resistance breaks. Perhaps the support will break and we will have a reversal trend but trading requires to buy at this level not to sell. The probability is in our favor. All the understading of the trading is here !...
Thanks for your input.
However, in my case, MACD or RSI is the only tools that tells me whether we are in the momentum run or at the exhaustion point.
Price alone does not tell me this information, but I will delete that in the future postings.
/r
  • #452
  • Jun 24, 2018 10:30am Jun 24, 2018 10:30am
Quoting pkimnyc
{quote} but I will delete that in the future postings. /r
Sorry my English level is very medium so i hope I was not directive in my words.
I only want to say that for me indicators have no reliability.
  • #453
  • Jun 24, 2018 10:44am Jun 24, 2018 10:44am
Quoting 4experience
{quote} Sorry my English level is very medium so i hope I was not directive in my words. I only want to say that for me indicators have no reliability.
Thanks, but I think it really depends on how you use it.
In my case, the combination between the two helped me to stay out of a lot of bad trades in the past.
Not perfect, but highly effective, imo.
  • #454
  • Jun 24, 2018 10:44am Jun 24, 2018 10:44am
Quoting pkimnyc
{quote} Thanks for your input. However, in my case, MACD or RSI is the only tools that tells me whether we are in the momentum run or at the exhaustion point. Price alone does not tell me this information, but I will delete that in the future postings. /r
Ok, guys. I do respect every traders' strategies and methods in trading, but in this thread let's discuss and state your opinions concerning swings - swing points, swing levels, swing areas and so on.
Thank you for understanding my points...

Profitable trades,
richadi36
profitable trading does not mean trading everyday
  • #455
  • Jun 24, 2018 1:24pm Jun 24, 2018 1:24pm
Quoting pkimnyc
{quote} {quote} Something to consider before long trade.... just a thought. {image}
no worries mate, I only canceled the pending UJ Short that never got filled.
Not thinking about trading this "base over base over base", for the 40 odd leftover pips until next Supply. I missed it, kind of...
Currently almost everything that stands against the dollar has big questionmarks on it all over the place.
I can wait.

UJ
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you are not expected to understand this
  • #456
  • Jun 24, 2018 10:06pm Jun 24, 2018 10:06pm
Quoting richadi36
reversing signals from key levels... {image}{image}{image}
Richadi36, do you make entry on the 1H or 4H once you see the price action on the daily or weekly that you are looking for?
  • #457
  • Edited 12:50am Jun 25, 2018 12:34am | Edited 12:50am
USD/JPY

Can someone please explain to me why I closed my pending UJ short

Siuation
UJ is now trading in a demand zone (H4), on significant JPY strength during Asia session, 1.5 hours pre-London open.
I'm waiting for the pullback to this very nice break of the multiyear trendline... Momentum is strong in this one, might well wipe out the zone.
Waiting... no buying in current demand (yet)... need to wait for London and see if JPY can stay strong or if it's an Asia fakeout.
Demand prevents any further shorting, this is where I had my TP...

@myself: do not listen to other people, you do this long enough to know better
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you are not expected to understand this
  • #458
  • Jun 25, 2018 1:16am Jun 25, 2018 1:16am
Quoting Teek
USD/JPY Can someone please explain to me why I closed my pending UJ short Siuation UJ is now trading in a demand zone (H4), on significant JPY strength during Asia session, 1.5 hours pre-London open. I'm waiting for the pullback to this very nice break of the multiyear trendline... Momentum is strong in this one, might well wipe out the zone. Waiting... no buying in current demand (yet)... need to wait for London and see if JPY can stay strong or if it's an Asia fakeout. Demand prevents any further shorting, this is where I had my...
Hi mate. I saw your last few posts and as per my own analysis, the daily trend line is still holding. It's not definitely broken yet, considering the fact that we still have London and New York session still to come. I will still prefer a long trade specially above 109.20 (I am holding one anyways).

And I can sense some emotions coming in for you. I would try to control them if I were you (Considering I have faced a lot of consequences just because of them).
  • #459
  • Jun 25, 2018 3:57am Jun 25, 2018 3:57am
Quoting ammarmemon
{quote} Hi mate. I saw your last few posts and as per my own analysis, the daily trend line is still holding. It's not definitely broken yet, considering the fact that we still have London and New York session still to come. I will still prefer a long trade specially above 109.20 (I am holding one anyways). And I can sense some emotions coming in for you. I would try to control them if I were you (Considering I have faced a lot of consequences just because of them).
no worries, I do this way too long to be emotional...
I just tend to beat myself up a little bit when I cancel good trades for no good reason.
I anticipated the JPY strength in Asia session, breaking the line for a solid pulldown into the Demand Zone and I left these good (free and easy) Pips on the table because "overanalysing" and watching other peoples charts. That's a mistake, not because of the Pips, I make enough of these, not becuase of Money, I make enough of this too, but because it was a good trade and I talked myself out of it.

But lets move on, shall we...
you are not expected to understand this
  • #460
  • Jun 25, 2018 3:58am Jun 25, 2018 3:58am
CAD/JPY
is trading into a Daily Demand, on top of strong Weekly Demand zone.
@82.223 - @81.830 is very strong support (Monthly/Weekly) and a good place to start watching for entries.

D1
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H4 shows the downtrend is losing momentum
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H1 currently trades in a nice EV channel
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Happy trading
you are not expected to understand this
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