EURUSD Club - Get Your Trend Right | Page 13 | Forex Factory

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EURUSD Club - Get Your Trend Right

  • #241
  • Jan 5, 2021 10:19am Jan 5, 2021 10:19am
Quoting hans91
{quote} Of fake up then big drop coming..
who knows...... tight SLs
  • #242
  • Jan 5, 2021 10:22am Jan 5, 2021 10:22am
but one thing is certain for me.......... if it goes downside .......... price will bounce at a significant support strongly .... will have to monitor it closely ....
  • #243
  • Jan 5, 2021 10:22am Jan 5, 2021 10:22am
H1 swing is a corrective swing (triangle/wedge) within the fractal structure of the 4H swing which is an impulse wave within the fractal structure of the daily , overall market is bullish.
Follow The Markets Structure - Patience and Discipline
  • #244
  • Jan 5, 2021 10:40am Jan 5, 2021 10:40am
It's going up and this is where it's aiming to reach.
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  • #245
  • Jan 5, 2021 10:43am Jan 5, 2021 10:43am
Quoting pipfarm
H1 swing is a corrective swing (triangle/wedge) within the fractal structure of the 4H swing which is an impulse wave within the fractal structure of the daily , overall market is bullish.
i agree with the bullish component of this.............
  • #246
  • Jan 5, 2021 10:44am Jan 5, 2021 10:44am
Quoting 1 in 1 out
It's going up and this is where it's aiming to reach. {image}
.... i see what you mean , there is a probability of that happening ............... but one step at a time for me via price action.........
  • #247
  • Jan 5, 2021 10:55am Jan 5, 2021 10:55am
Quoting klm1011
probability of breakout to the upside.....
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  • #248
  • Jan 5, 2021 11:15am Jan 5, 2021 11:15am
Quoting klm1011
{quote} {image}
Hi klm, but this trade was taken an hour before the breakout, so is it based on a different analysis?
  • #249
  • Jan 5, 2021 11:24am Jan 5, 2021 11:24am
Quoting wmctrader
{quote} Hi klm, but this trade was taken an hour before the breakout, so is it based on a different analysis?
well spotted .....
the key to successful entries is more accurate price reading ......
as you can see the triangle was on H1 , which was spotted obviously way back...........however my entry came from M1 ............zoomed in on PA like a hubble telescope........if i can use this analogy.......... if you wait for H1 to break trendline , its rather late ........... but if one has improved skill of reading Price action at multiple time frames then you maybe ahead of the game , meaning earlier entries.......... there is alot of action inside one H1 bar/candle on lower TF
......... so yes the analysis was top down analysis but entry on M1.........

unfortunately then & lucky now , i started my trading from M1 like many traders due to the thrill it brought ............. hence learnt M1 TF, then moved upwards .......
M1 has one good thing ................ all the price action patterns repeats again & again & again which is very good for learning PA
  • #250
  • Jan 5, 2021 11:40am Jan 5, 2021 11:40am
price is testing another important trendline .............lets see what happens.....
  • #251
  • Jan 5, 2021 11:47am Jan 5, 2021 11:47am
I'm keeping an eye on the whale. He has been 185 lots long since 1.226, and hasn't been wrong yet.
You cannot fail if you never give up.
  • #252
  • Jan 5, 2021 11:49am Jan 5, 2021 11:49am
Quoting 7154Superman
I'm keeping an eye on the whale. He has been 185 lots long since 1.226, and hasn't been wrong yet.
...... who is this blue whale............more importantly , how can we gain from this entity...........
  • #253
  • Jan 5, 2021 11:58am Jan 5, 2021 11:58am
Quoting klm1011
{quote} superman , you are certainly fleecing the market what's yr system basis .......
I can give this whale trader a good bit of credit. When he starts loading up, it certainly boosts my confidence.
I just try to get the basic bias of the markets, then when it looks reasonably predictable and safe, I buy the bottom or sell the top. My trades are usually quick because I get nervous and jump out quick when PA hits resistance. I use 50x leverage and open all my positions exactly 12.5% or 1/8 the size of my trading account. In case of drawdown, I try to gauge the next level of support or resistance and enter more positions and average down until the trend officially reverses.
Since I don't open a trade until we are already in a moderately safe and predictable situation and
ONLY buy the bottom or sell the top, the drawdown usually isn't bad, hence low risk.
Trading trend breakouts are absolutely scary because of potential fake breakouts, then reverse. I try to avoid them.
You cannot fail if you never give up.
  • #254
  • Jan 5, 2021 12:02pm Jan 5, 2021 12:02pm
Quoting klm1011
{quote} ...... who is this blue whale............more importantly , how can we gain from this entity...........
I have no idea who it is, but I gain from him simply by following him and trade the direction he trades.
But at this point, I'm on sidelines, waiting to see if we have breakout or not.
If he is not closing his longs now, then I'm not comfortable going short.
You cannot fail if you never give up.
  • #255
  • Jan 5, 2021 12:09pm Jan 5, 2021 12:09pm
Quoting 7154Superman
{quote} I have no idea who it is, but I gain from him simply by following him and trade the direction he trades. But at this point, I'm on sidelines, waiting to see if we have breakout or not. If he is not closing his longs now, then I'm not comfortable going short.
...........how does one know when this whale has landed in the pool .............?
  • #256
  • Jan 5, 2021 12:17pm Jan 5, 2021 12:17pm
As far as technicals go, TLs, TFs, professional trading systems, charts,
I'm a rookie with absolutely no trading education or knowledge. I have not studied any kind of seminars, teaching, or training of Forex trading or any kind of investments for that matter. 16 1/2 months ago, I just jumped into Forex with $3,000+ and just traded. I've lost a total of about $11,000 now because I kept putting more money into it. But there is a learning curve because of experience. And now, we'll see what happens. If I make out good long term, then I will be known as the successful trader who accomplished it without formal trading education. It proves that personal experience is the best education anyone can get.
But this information available here on FF from other pro traders is one heck of a boost!
You cannot fail if you never give up.
  • #257
  • Jan 5, 2021 12:23pm Jan 5, 2021 12:23pm
Quoting klm1011
{quote} ...........how does one know when this whale has landed in the pool .............?
I already shared on the EUR/USD thread how I watch his movements on pages 59459-59462
You cannot fail if you never give up.
  • #258
  • Jan 5, 2021 12:38pm Jan 5, 2021 12:38pm
Quoting 7154Superman
As far as technicals go, TLs, TFs, professional trading systems, charts, I'm a rookie with absolutely no trading education or knowledge. I have not studied any kind of seminars, teaching, or training of Forex trading or any kind of investments for that matter. 16 1/2 months ago, I just jumped into Forex with $3,000+ and just traded. I've lost a total of about $11,000 now because I kept putting more money into it. But there is a learning curve because of experience. And now, we'll see what happens. If I make out good long term, then I will be known...
no doubt that way of learning is possibly best way......
good going finally then.............
  • #259
  • Jan 5, 2021 12:49pm Jan 5, 2021 12:49pm
Even though the 185 lot whale is holding his longs for tomorrow's possible upside breakout, I'm now entering a small short scalp at 1.22965 for 10 pip TP.
You cannot fail if you never give up.
  • #260
  • Jan 5, 2021 12:52pm Jan 5, 2021 12:52pm
well well.......... i suspect 1.122681 could produce an important resistance zone .
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