Its all about Timing!!!
- #76,183
- Jan 31, 2019 6:43am Jan 31, 2019 6:43am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #76,184
- Jan 31, 2019 6:52am Jan 31, 2019 6:52am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #76,185
- Jan 31, 2019 6:52am Jan 31, 2019 6:52am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #76,186
- Jan 31, 2019 6:53am Jan 31, 2019 6:53am
Aggressive Buy entries Riding W5
Move SL to locked some profit
Never let suckers to take back all your hard earned pips!
That which does not kill us makes us stronger
- #76,187
- Jan 31, 2019 6:58am Jan 31, 2019 6:58am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Everything seems in good order Move SL to locked some profit Never let suckers to take back all your hard earned pips! {image}
Lets see what happens
Edit stop loss move to two pips above buy
- #76,188
- Jan 31, 2019 7:13am Jan 31, 2019 7:13am
- Joined Jun 2018 | Status: Trader | 1,035 Posts
Might appear as a wild prediction to some but this morning development in price action is pointing to Yearly pivot at 1.1740 possibly 1.1823.
Next should be 1.1564. a major decision point (might be a reversal or a simple pullback)
Given the bad news in EU as Post pointed out...I am baffled at the opposition of technical analysis vs fundamentals.
In such instances chart might throw a curved ball (ie convoluted consolidation) before it resumes its course. if one is holding from the bottom of this wave, he or she has the luxury to watch the action from far and make a decision from a comfort zone. If one has recently jumped on the bandwagon, caution is the operative word ie: "protect gains"
Miti below is my way of evaluating charts from a bird's eye view
I evaluate waves velocity.....akin to your 4h candle pattern method but for whole waves.
As you can see red wave is slow and lacking thrusts, while the blue one is fast has major thrusts and shallow retracements (covers almost the same amount of pips in less time).
One would categorize red as a correction and blue as an impulse.
Of course there are exceptions with even corrections being fast and violent and can consequently be easily confused with impulses....that is why in this case 1.156X is going to be a pivotal point/area. Boss will always keep us guessing.
Exceptions are what makes the market unpredictable and keep us all traders humble, sober and not easily prone to euphoria
Next should be 1.1564. a major decision point (might be a reversal or a simple pullback)
Given the bad news in EU as Post pointed out...I am baffled at the opposition of technical analysis vs fundamentals.
In such instances chart might throw a curved ball (ie convoluted consolidation) before it resumes its course. if one is holding from the bottom of this wave, he or she has the luxury to watch the action from far and make a decision from a comfort zone. If one has recently jumped on the bandwagon, caution is the operative word ie: "protect gains"
Miti below is my way of evaluating charts from a bird's eye view
I evaluate waves velocity.....akin to your 4h candle pattern method but for whole waves.
As you can see red wave is slow and lacking thrusts, while the blue one is fast has major thrusts and shallow retracements (covers almost the same amount of pips in less time).
One would categorize red as a correction and blue as an impulse.
Of course there are exceptions with even corrections being fast and violent and can consequently be easily confused with impulses....that is why in this case 1.156X is going to be a pivotal point/area. Boss will always keep us guessing.
Exceptions are what makes the market unpredictable and keep us all traders humble, sober and not easily prone to euphoria
- #76,189
- Jan 31, 2019 7:17am Jan 31, 2019 7:17am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Lets see what happens Edit stop loss move to two pips above buy {image}
Exited trade, retest of trend line expected
and i need money to someone told me that and for now just follow them do 1.153 is coming maybe
- #76,192
- Jan 31, 2019 7:33am Jan 31, 2019 7:33am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
another BUY
1.1494
SL 9 pips
target 1.1540
1.1494
SL 9 pips
target 1.1540
in wondering about yourself, you forgot what you came here to be part of
- #76,194
- Jan 31, 2019 7:43am Jan 31, 2019 7:43am
- Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts
{quote} Exited trade, retest of trend line expected
https://www.investopedia.com/article...-indicator.asp
- #76,196
- Jan 31, 2019 7:48am Jan 31, 2019 7:48am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #76,197
- Jan 31, 2019 7:55am Jan 31, 2019 7:55am
- Joined Aug 2018 | Status: Full-Time Gambler | 2,549 Posts
another BUY 1.1494 SL 9 pips target 1.1540
Have a little patience bro
Could have nailed a better entry if you paid attention to momentum on the smaller timeframes. Would have given you more buffer or a tighter stop loss, either of which = lower risk
You hesitate, you masturbate.
- #76,198
- Jan 31, 2019 8:01am Jan 31, 2019 8:01am
- Joined Aug 2018 | Status: Full-Time Gambler | 2,549 Posts
{quote} Long 1.14858. SL at BE +1.5 Have a little patience bro
You hesitate, you masturbate.
- #76,199
- Jan 31, 2019 8:02am Jan 31, 2019 8:02am
{quote} Everything seems in good order Move SL to locked some profit Never let suckers to take back all your hard earned pips!
Still on the trade
That which does not kill us makes us stronger