EURUSD H1
Attached Image (click to enlarge)
2
- #100,142
- Jan 6, 2020 1:42am Jan 6, 2020 1:42am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #100,144
- Jan 6, 2020 2:18am Jan 6, 2020 2:18am
- Joined May 2014 | Status: Full Time Trader | 27,139 Posts
Weekly Status Update
I will not share any other chart this week. I am expecting at least one more leg down no matter what.. Therefore I am on the bearish side (to hopefully see what will happen around supportive 1.1088). Until then trade safe folks
*Key resistance for this week is 1.1227..
Stay Green
I will not share any other chart this week. I am expecting at least one more leg down no matter what.. Therefore I am on the bearish side (to hopefully see what will happen around supportive 1.1088). Until then trade safe folks
*Key resistance for this week is 1.1227..
Stay Green
Focus only on what truly matters!
- #100,145
- Jan 6, 2020 2:32am Jan 6, 2020 2:32am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
Weekly Status Update I will not share any other chart this week. I am expecting at least one more leg down no matter what.. Therefore I am on the bearish side (to hopefully see what will happen around supportive 1.1088). Until then trade safe folks
above 1170 = purely bullish
below it (1170 belt) have fun !!!
- #100,146
- Edited 3:13am Jan 6, 2020 2:45am | Edited 3:13am
- Joined May 2014 | Status: Full Time Trader | 27,139 Posts
Focus only on what truly matters!
- #100,147
- Jan 6, 2020 2:56am Jan 6, 2020 2:56am
Weekly Status Update I will not share any other chart this week. I am expecting at least one more leg down no matter what.. Therefore I am on the bearish side (to hopefully see what will happen around supportive 1.1088). Until then trade safe folks
Weekly Status Update I will not share any other chart this week. I am expecting at least one more leg down no matter what.. Therefore I am on the bearish side (to hopefully see what will happen around supportive 1.1088). Until then trade safe folks
- #100,149
- Jan 6, 2020 3:06am Jan 6, 2020 3:06am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts | Online Now
Risk comes from not knowing what to do
- #100,155
- Jan 6, 2020 3:32am Jan 6, 2020 3:32am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #100,156
- Edited 4:00am Jan 6, 2020 3:37am | Edited 4:00am
- Joined Sep 2017 | Status: Trader | 11,263 Posts | Online Now
Shapes / patterns are very important to me. Executed the first successful scalp this morning because on Friday I spotted a potential inverse head and shoulders pattern, which means price can go on to test even the gap at 1.1226. I wrote about this elsewhere. N.Y. ended up buying on Friday meaning they paid X3 swap and this usually means they will raise prices the next trading day, and in this case, today being Monday.
The inverse HS is now obvious (I anticipated it on Friday). Also I spotted the W forming on the right shoulder so it was double confirmation for the buy I took.
Here is an image of my morning pip count! Lol..
Extra notes: I know the veterans already probably know this. Wednesdays and Fridays are X3 swap days (maybe some brokers have some differences). Note what N.Y. does and where price closes. If they bought then most likely the next trading days (Thursdays and Mondays repsectively) they tend to take price higher maybe to make up for the swaps paid. These are just personal observations I'd like to share with beginners who care to know. It isn't a trade rule, just something to pay attention to.
So, for me I won't short this today until we get near that gap or I see compelling evidence for such.
The inverse HS is now obvious (I anticipated it on Friday). Also I spotted the W forming on the right shoulder so it was double confirmation for the buy I took.
Here is an image of my morning pip count! Lol..
Extra notes: I know the veterans already probably know this. Wednesdays and Fridays are X3 swap days (maybe some brokers have some differences). Note what N.Y. does and where price closes. If they bought then most likely the next trading days (Thursdays and Mondays repsectively) they tend to take price higher maybe to make up for the swaps paid. These are just personal observations I'd like to share with beginners who care to know. It isn't a trade rule, just something to pay attention to.
So, for me I won't short this today until we get near that gap or I see compelling evidence for such.
- #100,157
- Jan 6, 2020 3:42am Jan 6, 2020 3:42am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #100,158
- Jan 6, 2020 3:54am Jan 6, 2020 3:54am
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #100,159
- Jan 6, 2020 3:56am Jan 6, 2020 3:56am
- Joined May 2014 | Status: Full Time Trader | 27,139 Posts
Focus only on what truly matters!
