Wait for the system to show you the trade!
1
Weekly Pivot trading with TDI
- #2,243
- Edited 1:30am Aug 24, 2018 1:08am | Edited 1:30am
Hi members,
For those who are still holding to GBPUSD short trade.
My advice is to locked with profits or breakeven the least.
Draw trendline in H1 chart for GBPUSD you will know what I mean. It is close to Confirming Bearish Continuation or bounce back up.
It is either to wait for break below the trendline and build more positions or long the trade when bounce back upwards.
If GBPUSD would to break below the trendline and continuous downtrend than for those who are still holding GBPJPY can hold short trade otherwise pls closed it and wait for upward confirmation.
Friday market has never been easy to trade.
Patience is brutal and mindset trading is never easy too.
Hope that will help us to decide a trade.
Cheers.
Ron.
For those who are still holding to GBPUSD short trade.
My advice is to locked with profits or breakeven the least.
Draw trendline in H1 chart for GBPUSD you will know what I mean. It is close to Confirming Bearish Continuation or bounce back up.
It is either to wait for break below the trendline and build more positions or long the trade when bounce back upwards.
If GBPUSD would to break below the trendline and continuous downtrend than for those who are still holding GBPJPY can hold short trade otherwise pls closed it and wait for upward confirmation.
Friday market has never been easy to trade.
Patience is brutal and mindset trading is never easy too.
Hope that will help us to decide a trade.
Cheers.
Ron.
Hi members, I have closed all my trades at profits last night. I will not hold any trades over the weekend due to GAP and widen spreads on Monday. Hope you guys have a good week and weekends too.Ron.
By the way, congratulation with "high impact membership" in addition to the profits
Regards
Paal
Hi members, For those who are still holding to GBPUSD short trade. My advice is to locked with profits or breakeven the least. Draw trendline in H1 chart for GBPUSD you will know what I mean. It is close to Confirming Bearish Continuation or bounce back up.
life is a reflection of what we allow ourselves to see
Guys , somebody on our planet to know when NJ finally goind down ? Now 46 hours continues F L A T{image}
a new Australian Prime Minister:
https://www.forexfactory.com/news.php?do=news&id=812022
Because of the correlation between AUD and NZD the price move north.
Now I hope (I have a short position) that AZ start to move stronger to the north such that NJ goes to the south.
Paal
- #2,252
- Edited 2:59am Aug 24, 2018 2:48am | Edited 2:59am
Yes , but Davit tell us " Price always going to WP " . Oanda candlestick recomend to short{image}
Yes , but Davit tell us " Price always going to WP " . Oanda candlestick recomend to short
Best to just leave it, there may be strong fundamentals pushing it.
Are you in this trade? if so and you are sinking, then refer back to your risk/reward set-up and then you will know when to cut the loss.
Price usually returns to weekly pivot but can be delayed due to strong fundamentals.
life is a reflection of what we allow ourselves to see
Hi members, For those who are still holding to GBPUSD short trade. My advice is to locked with profits or breakeven the least. Draw trendline in H1 chart for GBPUSD you will know what I mean. It is close to Confirming Bearish Continuation or bounce back up.
like what i said. its better not to take any risk in this edge area.
Profit growth tells you the trader ability.
Guys , somebody on our planet to know when NJ finally goind down ? Now 46 hours continues F L A T
Well that's the plan anyway.
1/ For me, if it breaks & holds above R100 on 1Hr, I'm closing out for a loss.
2/ If it is still sideways later today, I'm closing out ahead of the weekend (Monday = Bank Holiday in UK & I'll be enjoying a break).
3/ When it breaks lower, I'll take what profits it gives me & ride off into the bank holiday with a beer!
{quote} It's going down now! (go on, go down!!!) Well that's the plan anyway. 1/ For me, if it breaks & holds above R100 on 1Hr, I'm closing out for a loss. 2/ If it is still sideways later today, I'm closing out ahead of the weekend (Monday = Bank Holiday in UK & I'll be enjoying a break). 3/ When it breaks lower, I'll take what profits it gives me & ride off into the bank holiday with a beer!
It's an bearish engulfing candle (1h) on the top of a range and on the top of the R100 so now it's time to short
. The only negative I can see is that the candle is a little small.
{quote} It's going down now! (go on, go down!!!) It's an bearish engulfing candle (1h) on the top of a range and on the top of the R100 so now it's time to short
It has consolidated in a great zone between R100 & R61.
I'm not adding until it breaks R61, which if it does, would mean a quick move to R38 & maybe even the WP with enough momentum IMHO!
EU looks nice after German GDP (QoQ) (Q2) . Guru of forex ( like Davit and RonFXLive ) Kathy Lien tell about EU " However if Powell refrains from any new revelations or guidance, USD/JPY could extend its gains to 111.50 and EUR/USD could drop to 1.15. "
https://uk.investing.com/analysis/th...hole-200203236
Waiting for this
https://uk.investing.com/analysis/th...hole-200203236
Waiting for this
