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  • #120,861
  • Dec 3, 2020 3:21am Dec 3, 2020 3:21am
Quoting andvk74
{quote} My level was 1.2138 and a weekly HIGH so far is 1.21384 on my broker. BUT I still don't see this as a weekly HIGH. It just doesn't look like a weekly HIGH. {image}
Wow Nice Graph
  • #120,862
  • Dec 3, 2020 3:23am Dec 3, 2020 3:23am
yesterday low is on focus now.

my h1 view is simple.
no new high today? 1.204 area
new high? for me monthly potential big R start at 1.21656
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  • #120,863
  • Dec 3, 2020 3:23am Dec 3, 2020 3:23am
Quoting Ata-Turkoglu
{quote} Actually you can.. Here is the trick: Let's say you opened a sell order lot size 0.10 and that is your limit.. Now you must open a hedge buy order with same size: 0.10.. Broker will assume you closed your orders.. Now you open a new 0.10 sell order.. So you have 3 orders running.. Broker thinks you have only a 0.10 size sell order. Now you delete the buy order and broker will allow it.. Now you have 2 sell orders running.. Beware: because you are forcing your limits any drawdown will quickly deplete your free margin.. but as you can see...
And if my broker does NOT allow hedging?
  • #120,864
  • Dec 3, 2020 3:25am Dec 3, 2020 3:25am
Quoting andvk74
{quote} And if my broker does NOT allow hedging?
If so forget that trick.. Your broker must allow hedging and must not have FIFO..

Stay Green
Focus only on what truly matters!
  • #120,865
  • Dec 3, 2020 3:26am Dec 3, 2020 3:26am
Quoting Ata-Turkoglu
{quote} Actually you can.. Here is the trick: Let's say you opened a sell order lot size 0.10 and that is your limit.. Now you must open a hedge buy order with same size: 0.10.. Broker will assume you closed your orders.. Now you open a new 0.10 sell order.. So you have 3 orders running.. Broker thinks you have only a 0.10 size sell order. Now you delete the buy order and broker will allow it.. Now you have 2 sell orders running.. Beware: because you are forcing your limits any drawdown will quickly deplete your free margin.. but as you can see...
Very true

I always like Brilliant Smart Tricks.
This was known - Teach some more and more - Tricks To Trade
  • #120,866
  • Dec 3, 2020 3:27am Dec 3, 2020 3:27am
Quoting Ata-Turkoglu
{quote} If so forget that trick.. Your broker must allow hedging and must not have FIFO.. Stay Green
I'm out of luck in the US.
  • #120,867
  • Dec 3, 2020 3:29am Dec 3, 2020 3:29am
[quote = Ata-Turkoglu; 13294456] {quote} Hola Sherlock ... Hay una cuña ascendente en M15 ... Esperemos que se rompa hacia abajo ... ¡Por debajo de 1.2118 es donde comienza la zona de seguridad para los osos! Mantente verde [/ quote]
Buen día a todos, Ata según lo indicado, en que zona podría abrir un nueva operación de venta. Gracias Ata por la info. Aún mantengo las primeras operaciónes de venta en 1.2099. Saludos
  • #120,868
  • Dec 3, 2020 3:30am Dec 3, 2020 3:30am
Quoting Traderview
1.2138 - 1.2153 - 1.2164 Choose wisely. Or Choose poorly.
And he who chose wisely. Closed the short @1.2105 from 1.2138. Nice 33 pips.

Sidelines now.
  • #120,869
  • Dec 3, 2020 3:31am Dec 3, 2020 3:31am
Quoting gatenio
yesterday low is on focus now. my h1 view is simple. no new high today? 1.204 area new high? for me monthly potential big R start at 1.21656 {image}
I also consider @ 1.2165 Important as it is a 100 Fibo Mark on my Yearly Chart
  • #120,870
  • Dec 3, 2020 3:32am Dec 3, 2020 3:32am
Just Touched the 20 EMA - 1 Hour

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  • #120,871
  • Dec 3, 2020 3:33am Dec 3, 2020 3:33am
Quoting andvk74
Only if I see H1 close below 1.2109 I will change my bias to BEARISH. As of now I stay bullish. {image}
Waiting for H1 to close.
  • #120,872
  • Dec 3, 2020 3:35am Dec 3, 2020 3:35am
Quoting Willord21
[quote = Ata-Turkoglu; 13294456] {quote} Hola Sherlock ... Hay una cuña ascendente en M15 ... Esperemos que se rompa hacia abajo ... ¡Por debajo de 1.2118 es donde comienza la zona de seguridad para los osos! Mantente verde [/ quote] Buen día a todos, Ata según lo indicado, en que zona podría abrir un nueva operación de venta. Gracias Ata por la info. Aún mantengo las primeras operaciónes de venta en 1.2099. Saludos
As long as it keeps going back up to 1.2133 I will try to scalp-sell there.. but if it doesn't go that high I have to see the up swing on M15 first and how price behaves to be able to determine a lower sell level.. Therefore we must be patience!

*I am guessing if 1.2118/22 area resists it could be a good candidate.. but as I said: I am not so sure yet!
**And my bear target is limited with 1.2075 for now..

Stay Green
Focus only on what truly matters!
  • #120,873
  • Dec 3, 2020 3:37am Dec 3, 2020 3:37am
Quoting Ata-Turkoglu
{quote} As long as it keeps going back up to 1.2133 I will try to scalp-sell there.. but if it doesn't go that high I have to see the up swing on M15 first and how price behaves to be able to determine a lower sell level.. Therefore we must be patience! Stay Green
Lo máximo ata siempre pendiente de tus consejos. Da miedo tus predicciones jajajajja.
  • #120,874
  • Dec 3, 2020 3:42am Dec 3, 2020 3:42am
Quoting lucky1359
Levels to watch Today Daily TF {image} WEEKLY - Green - Aqua Yearly - Yellow {image} Add something which is missing and more important so we all get Blessed with Green Pips. Blend your Trading Style with the Levels and get Blessed with Green Pips Share more good setups Thanks & Regards

Able to share the indicators? Looks useful! Thanks
  • #120,875
  • Dec 3, 2020 3:42am Dec 3, 2020 3:42am
Quoting andvk74
{quote} My level was 1.2138 and a weekly HIGH so far is 1.21384 on my broker. BUT I still don't see this as a weekly HIGH. It just doesn't look like a weekly HIGH. {image}
weekly ATR is reached and its thursay so one end of the weekly candle is formed that is is low of weekly candle,lets see what NYO has to bring,up or down move?
  • #120,876
  • Dec 3, 2020 3:43am Dec 3, 2020 3:43am
Quoting Traderview
{quote} And he who chose wisely. Closed the short @1.2105 from 1.2138. Nice 33 pips. Sidelines now.
Bears giving up 1.2138 won't be that easy. Meaning we might have seen the daily high.
  • #120,877
  • Dec 3, 2020 3:45am Dec 3, 2020 3:45am
Quoting Traderview
{quote} And he who chose wisely. Closed the short @1.2105 from 1.2138. Nice 33 pips. Sidelines now.
You were right about the rise. You planned it with the owners of money. 1.2140 was my planned short for the day. It hit 1.2139 but I more than made of for it selling another Euro pair.

I cannot help but notice the RSI divergence on the daily. Probably not too much spike left before a healthy correction.
  • #120,878
  • Dec 3, 2020 3:49am Dec 3, 2020 3:49am
One thing for sure.. bulls are not that confident anymore.. I will sell up swings with more confidence compared to yesterday..

Stay Green
Attached Image
Focus only on what truly matters!
  • #120,879
  • Dec 3, 2020 3:51am Dec 3, 2020 3:51am
This is my plan on H1.
If H1 will close below 1.2109 then I'll be selling till 1.2030 area. But as long as H1 candles stay above 1.2109 I consider only BUYING euro till 1.2240 at least.
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  • #120,880
  • Dec 3, 2020 3:52am Dec 3, 2020 3:52am
Quoting andvk74
{quote} Waiting for H1 to close.
bro daily above 1.975 minimum its all bullish and bulls can strike every time.
all our sell base on fears of the highs and the one that is stuck in our minds that there should be some retracement after big move.


im not pointing this to you specific, but every trend trader should now: (nice E-BOOK i read)

o NEVER attempt to predict where the market will go
o NEVER attempt to pick "tops" and "bottoms" of price action
o ALWAYS respect the trend and align their trades accordingly
o Let the market tell them when the trend is finished, not their "intuition"
o Realize that they will necessarily sacrifice some pips at the beginning and end of a trend as they wait for confirmation that the trend beginning and end are authentic
o Look at price action from a long-term perspective and don't get shaken by volatility
o Understand that they will go through some potentially significant but temporary periods of drawdown as the trend matures
o Understand that trend trading can lead to large gains but also equally large losses
o Understand that trends can take place on multiple time frames


there is a reason why little fish like us should not put TP and use trailing stop.
i still have the same bad habits.. still try to pick tops and bottoms and for few pips is good, but in the end i need to babysit to all my trade against the trend.
hope some day i will change it.

no need to comment out of place about what I wrote, each one and his approach to trading.
i'm sure there are good traders here who know what they're doing.
and there are traders here who use a certain wave theory, Elliott, Ichimoku or do not know what.
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