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Daily Trading Ideas

  • #31,921
  • Oct 12, 2019 8:31am Oct 12, 2019 8:31am
Quoting asgcorp
ok since we are on the topic of TA patterns. ))) What do you see on DXY H4 price chart now? {image}
from h4 we might see some more drop for dxy
before continue to the upside
might be wrong too
just for a cup of coffee...
  • #31,922
  • Oct 12, 2019 8:39am Oct 12, 2019 8:39am
H4 DX broke the rising wedge, which is a bear TA pattern.
It's going a lot lower, which makes sense - GU is going to hit 3000 next 15 days.
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  • #31,923
  • Oct 12, 2019 8:49am Oct 12, 2019 8:49am
Quoting asgcorp
H4 DX broke the rising wedge, which is a bear TA pattern. It's going a lot lower, which makes sense - GU is going to hit 3000 next 15 days. {image}
for Gu that not impossible
or even more higher can go with good brexits news
but always need really extra carefull if bad can be fast drop too..
we can watch it yesterday
fast drop test 2415/20 from 2500 then fly higher ️
just for a cup of coffee...
  • #31,924
  • Oct 12, 2019 8:54am Oct 12, 2019 8:54am
yeah man. Was a stop sweep. Too many retailers riding the wave. So they shook them out.
2500-2700 though was a very much technical move. posted this in advance in the other thread.
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  • #31,925
  • Oct 12, 2019 9:33am Oct 12, 2019 9:33am
xau usd H4. big move likely pending due to Brexit shenanigans later this month.
Possible bear trap near 1440-1450 and then a huge bull run into 1550//1575.

be careful and don't get caught on the wrong side.
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  • #31,926
  • Oct 12, 2019 11:03am Oct 12, 2019 11:03am
everyday we learn more and more. The analysis can also be displayed using letter W and M
  • #31,927
  • Oct 12, 2019 11:05am Oct 12, 2019 11:05am
sample monthly GU using letter W
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  • #31,928
  • Oct 12, 2019 11:08am Oct 12, 2019 11:08am
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  • #31,929
  • Oct 13, 2019 12:39am Oct 13, 2019 12:39am
show what or how we can help others than criticism/criticize others traders trading style or methods
or improve own trading for more better than wasted time typing words to underestimated others traders..
the people we talk down their trades is making green pips more and more everyday..
but we still stucks or move backwards from what we’re doing without knowing that..can’t move foward from that kind of bad habits..
look to the mirror and thinks
better stop..!!!
️
just for a cup of coffee...
  • #31,930
  • Oct 13, 2019 1:03am Oct 13, 2019 1:03am
Quoting akim0895
show what or how we can help others than criticism/criticize others traders trading style or methods or improve own trading for more better than wasted time typing words to underestimated others traders.. the people we talk down their trades is making green pips more and more everyday.. but we still stucks or move backwards from what we’re doing without knowing that..can’t move forward from that kind of bad habits.. look to the mirror and thinks better stop..!!! ️
plenty of so called traders on forex factory work for brokers i am sure or have something to sell , so they come to threads where good trades give call,s and want to help so these people try to discredit the good trader i have experienced this all ready multiple times, i do call them out when i find them ,
people leave, but this thread will go on for ever
  • #31,931
  • Oct 13, 2019 1:04am Oct 13, 2019 1:04am
Quoting asgcorp
xau usd H4. big move likely pending due to Brexit shenanigans later this month. Possible bear trap near 1440-1450 and then a huge bull run into 1550//1575. be careful and don't get caught on the wrong side. {image}
interesting chart mate so i will watch gold a bit more closely thank you
people leave, but this thread will go on for ever
  • #31,932
  • Oct 13, 2019 2:18am Oct 13, 2019 2:18am
Quoting Aussi
{quote} plenty of so called traders on forex factory work for brokers i am sure or have something to sell , so they come to threads where good trades give call,s and want to help so these people try to discredit the good trader i have experienced this all ready multiple times, i do call them out when i find them ,
its true bud
they will keep attack which traders is trying to help others
️
just for a cup of coffee...
  • #31,933
  • Oct 13, 2019 2:21am Oct 13, 2019 2:21am
XAUUSD H4
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Adapt useful, reject useless, add what is specifically your own.
David Perk CLS Strategy 1 All Time Return: 3,531.3%
  • #31,934
  • Oct 13, 2019 2:23am Oct 13, 2019 2:23am
Quoting akim0895
{quote} its true bud they will keep attack which traders is trying to help others ️

its a shame they have to do what they do all because they get payed to do it they have no morals
people leave, but this thread will go on for ever
  • #31,935
  • Oct 13, 2019 2:34am Oct 13, 2019 2:34am
Quoting DaPerk
XAUUSD H4 {image}
daily is bull flagging, just like the last time, maybe.

Also a note on COT data. Positioning is close to extremes (90%).
So this might indicate reversal of prior trend.

So it depends how you read the daily chart now. 2 outcomes, depending on your outlook.
risky for spot trading. nice for options traders via straddle setup.

PS: sorry about that. 2nd chart (tops) is actually weekly gold.
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  • #31,936
  • Oct 13, 2019 2:42am Oct 13, 2019 2:42am
extreme positioning is not good.
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  • #31,937
  • Oct 13, 2019 2:49am Oct 13, 2019 2:49am
Quoting asgcorp
extreme positioning is not good. {image}
Yes, I see your point but note that the banks are in the profit taking phase, they still have the extereme longs and they will want to take profits on the top of the range. Now as the price is falling in the range the traders entering shorts and they will have their SL above swing highs. Which can provide the liquidity for the banksters to close their longs.
Adapt useful, reject useless, add what is specifically your own.
David Perk CLS Strategy 1 All Time Return: 3,531.3%
  • #31,938
  • Oct 13, 2019 2:52am Oct 13, 2019 2:52am
ok, good deal man, let's see what happens. If you don't mind, can you post this table for GBPUSD? Thank you!
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  • #31,939
  • Oct 13, 2019 2:56am Oct 13, 2019 2:56am
This is my possible scenario
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Adapt useful, reject useless, add what is specifically your own.
David Perk CLS Strategy 1 All Time Return: 3,531.3%
  • #31,940
  • Oct 13, 2019 2:59am Oct 13, 2019 2:59am
Good analysis, DaPerk, thanks for posting this. How's your DAX journey going so far?
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