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  • #116,241
  • Edited 4:29am Oct 16, 2020 4:17am | Edited 4:29am
By looking at the DAY and TIME when market made a weekly HIGH, we should see a weekly LOW on FRIDAY LATE I the day.
LETS see
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  • #116,242
  • Oct 16, 2020 4:18am Oct 16, 2020 4:18am
Bears losing control by letting this reach high charge in the oversold
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  • #116,243
  • Edited 4:57am Oct 16, 2020 4:36am | Edited 4:57am
Good day all! Happy to see you good people in this thread alive and kicking! I hope you have taken advantage of the great range trades available. History repeated itself beautifully again. Volatility is building up, no one-sided momentum build up yet. I for one am respecting the range till momentum has showed itself clearly and price has reached over 1725s or under 1695s.

Patience is key for bigger than +-10pips opportunities. Till then, let's continue taking what we can !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #116,244
  • Oct 16, 2020 4:41am Oct 16, 2020 4:41am
Quoting klm1011
{quote} that picture would be the worth that of mona lisa painting my friend since it took that long to paint it ..... i do describe and guide as i have been , entries , price action , scalp , dont scalp etc .
Good Great, You keep your Monalisa with you
  • #116,245
  • Oct 16, 2020 4:43am Oct 16, 2020 4:43am
Hourly candles dropping back below 1.17125 keep bear's hopes alive..

*But then same candles staying above 1.1702 keeps bull's hopes alive..

Stay Green
Focus only on what truly matters!
  • #116,246
  • Oct 16, 2020 4:58am Oct 16, 2020 4:58am
By the way: My bullish warnings should be in no way a signal for you to start buying.. In contrary I constantly advise to not marry a bull! What you should do is to look for sell opportunities at crucial levels between 1.1710 and 1.1730 based on your system.. That's all..

*My warning about 1.1702 provides only a good exit level for any of your shorts until that level (hopefully) breaks!

Stay Green
Focus only on what truly matters!
  • #116,247
  • Oct 16, 2020 5:04am Oct 16, 2020 5:04am
Quoting lucky1359
{quote} Good Great, You keep your Monalisa with you
never give up yr Mona lisa in this perilous world once you find yrs
a man's gotta to do what a man's gotta do

May the markets be with you.
  • #116,248
  • Oct 16, 2020 5:13am Oct 16, 2020 5:13am
Sold 1.1718 again.. Stops always a little above 1.1733..

Stay Green
Focus only on what truly matters!
  • #116,249
  • Edited 4:26pm Oct 16, 2020 5:16am | Edited 4:26pm
price going into the important bit of retracement
overall bearish but need confirmation for continuation
if price does go down in a breakout - i suspect buying as low as possible then would yield well post breakout for the next wk
  • #116,250
  • Oct 16, 2020 5:23am Oct 16, 2020 5:23am
  •  Austyno
  • Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts | Online Now
Quoting klm1011
Anyone knows any countries with no capital gains tax that would make forex earnings tax free ? singapore is one , i think ...
Nigeria
Risk comes from not knowing what to do
  • #116,251
  • Oct 16, 2020 5:24am Oct 16, 2020 5:24am
buy-sell, buy-sell. Why not both?
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  • #116,252
  • Oct 16, 2020 5:26am Oct 16, 2020 5:26am
My idea guys!!!
stay bearish.i don’t see any strong bull momentum.

trade safe
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  • #116,253
  • Oct 16, 2020 5:34am Oct 16, 2020 5:34am
These are the hot waters where lots of mother sharks are lurking.. They smell beef

Stay Green
Focus only on what truly matters!
  • #116,254
  • Oct 16, 2020 5:36am Oct 16, 2020 5:36am
i think i am done for the week. no complaints my week was decent. but now i cant pick a clear direction. will do this again next week. good luck to you all
  • #116,255
  • Oct 16, 2020 5:40am Oct 16, 2020 5:40am
Quoting corongumet
buy-sell, buy-sell. Why not both?{image}
For me, it depends on the strategies used at that particular movement and moment. Sometimes one strategy is prolonged onto another. For example like now, where the second my TP was hit came a set up for a continuation of that move. Change the TP into the SL, use exit and mm of second strategy. Of course i was range scalping and had a reverse entry planned with cdl BO and wick break, which was cancelled since it did not happen when expected. have to respect what the market gives.

That what I like about this thread, people actually respect each other's view, irrespective of their differences. Sadly rare these days.




Can't predict the future. Reacting to the present.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #116,256
  • Oct 16, 2020 5:47am Oct 16, 2020 5:47am
Quoting mtako
{quote} For me, it depends on the strategies used at that particular movement and moment. Sometimes one strategy is prolonged onto another. For example like now, where the second my TP was hit came a set up for a continuation of that move. Change the TP into the SL, use exit and mm of second strategy. Doesn't happen often, but have to respect what the market gives. That what I like about this thread, people actually respect each other's view, irrespective of their differences. Sadly rare these days. Can't predict the future. Reacting to the present....
you know yourself, and best for you. in the picture it only gives an estimate of where the price will go? for the medium term, short is my choice. Long term, I chose the long, and short term, I chose to buy by taking advantage of the 50% Fibonacci retracement line
  • #116,257
  • Oct 16, 2020 5:52am Oct 16, 2020 5:52am
Quoting bigiivan
{quote} Ok. + 15 pips till now. Let's continue!
It became almost + 20 pips. I want a little more up.
  • #116,258
  • Oct 16, 2020 5:54am Oct 16, 2020 5:54am
Quoting corongumet
{quote} you know yourself, and best for you. in the picture it only gives an estimate of where the price will go? for the medium term, short is my choice. Long term, I chose the long, and short term, I chose to buy by taking advantage of the 50% Fibonacci retracement line
Sounds great ! Don't know a thing about Fib trading, but whatever works is good right?. I'm in a buy also, but still in range scalping mode so selling again at around 1717 if it comes soon enough. Shortterm Momentum has started building for the bulls, keeping an eye out.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #116,259
  • Oct 16, 2020 5:55am Oct 16, 2020 5:55am
When trend is bearish you always see bulls working their ass off to rise for hours.. and then bears dropping it back in no time.. same old same old..

Moving SL to BE: 1.1718

Edit: got stopped out re-entered again at 1.1718.. SL a little above 1.1733 again.. Choppy choppy!

Stay Green
Focus only on what truly matters!
  • #116,260
  • Oct 16, 2020 5:57am Oct 16, 2020 5:57am
BJ talk.. it will correct again.
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