gm,
algo long at 1504.
algo long at 1504.
4
- #51,381
- Oct 10, 2018 2:01am Oct 10, 2018 2:01am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #51,382
- Oct 10, 2018 2:03am Oct 10, 2018 2:03am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
Are you ready for 1.15390 ? 
yes yes yes
- #51,383
- Oct 10, 2018 2:04am Oct 10, 2018 2:04am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #51,384
- Oct 10, 2018 2:04am Oct 10, 2018 2:04am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} What I want to know is why your entry is way up here ,,,,, it hit W s 1 popped above that average and also used weekly S1 for a nice tight inv H & S pattern,,,, you on vacation or what,,as far as explain again and again eeerrr uuum ,, lets not bitch too much ,,,, I think a few here has "explained shit over and over to to you lol,,,pay it forward if you can help somebody {image}
- #51,385
- Oct 10, 2018 2:05am Oct 10, 2018 2:05am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Trades technical moves enforced by fundamentals
- #51,386
- Oct 10, 2018 2:08am Oct 10, 2018 2:08am
Thinking about where we are in the structure, H4 has made (at least) three pushes down which usually means we are due a correction.
There are clear RRTs at the bottom with a bullish pin. What may very well happen is a sharp spike (or two) down, such as happened at the top, to take out stops and trap more shorts at the bottom.
The percentage of retail traders holding shorts went up more than 10% from yesterday afternoon to almost 40% with an average price of 1.1454. I got the message that this isn't a popular tool here but I didn't make up the chart - you can see very clearly that retail traders on both the long and the short sides are, on average, in DD. And it may not be very long at the rate of change we are seeing before that 40% of traders who are short swings to the majority.
So I believe we are looking at a correction before moving down again and personally I will not be trading short anywhere near the bottom in the short/medium term, I think there is far too much risk of getting trapped. For the moment, I am trading other pairs where it seems safer.
Edit: - apologies, posted old sentiment image by mistake
There are clear RRTs at the bottom with a bullish pin. What may very well happen is a sharp spike (or two) down, such as happened at the top, to take out stops and trap more shorts at the bottom.
The percentage of retail traders holding shorts went up more than 10% from yesterday afternoon to almost 40% with an average price of 1.1454. I got the message that this isn't a popular tool here but I didn't make up the chart - you can see very clearly that retail traders on both the long and the short sides are, on average, in DD. And it may not be very long at the rate of change we are seeing before that 40% of traders who are short swings to the majority.
So I believe we are looking at a correction before moving down again and personally I will not be trading short anywhere near the bottom in the short/medium term, I think there is far too much risk of getting trapped. For the moment, I am trading other pairs where it seems safer.
Edit: - apologies, posted old sentiment image by mistake
- #51,387
- Oct 10, 2018 2:12am Oct 10, 2018 2:12am
- Joined Aug 2018 | Status: Full-Time Gambler | 2,549 Posts
You hesitate, you masturbate.
- #51,388
- Oct 10, 2018 2:12am Oct 10, 2018 2:12am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
{quote} Testing quarterly fib 1.1495 atm. Nice to see some Gann stuff on here I hope we get more
All charts/ideas based on UK time zone
- #51,392
- Oct 10, 2018 2:15am Oct 10, 2018 2:15am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #51,393
- Oct 10, 2018 2:15am Oct 10, 2018 2:15am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
- #51,394
- Oct 10, 2018 2:16am Oct 10, 2018 2:16am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
Are you ready for 1.15390 ?
- #51,397
- Oct 10, 2018 2:20am Oct 10, 2018 2:20am
- Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts
Short closed. Potentially will move much lower.....
This is not investment/trading advise. Will not hold accountable for loss
- #51,398
- Oct 10, 2018 2:21am Oct 10, 2018 2:21am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #51,399
- Oct 10, 2018 2:22am Oct 10, 2018 2:22am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Good Morning, Short from 1.1513, SL: 20 pips, TP: Open Reasons: Italy saga still there, no real green data from EU, Market sentiment still negative. Happy Trading
Green DayHappy Trading.
Trades technical moves enforced by fundamentals
- #51,400
- Oct 10, 2018 2:23am Oct 10, 2018 2:23am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes