I like to check and practice the other indicators for confirmation and surety about my Fibos
TPO-VPO charts are very nice
2
- #124,942
- Jan 25, 2021 11:38am Jan 25, 2021 11:38am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Focus only on what truly matters!
- #124,943
- Jan 25, 2021 11:40am Jan 25, 2021 11:40am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #124,944
- Jan 25, 2021 11:41am Jan 25, 2021 11:41am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Focus only on what truly matters!
- #124,946
- Jan 25, 2021 11:44am Jan 25, 2021 11:44am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #124,948
- Jan 25, 2021 11:46am Jan 25, 2021 11:46am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Focus only on what truly matters!
- #124,950
- Jan 25, 2021 11:54am Jan 25, 2021 11:54am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
{quote} just for the records are you still holding from the top or you closed your order?
...At least it's running on zero risk. My target remains 1.20000
Risk comes from not knowing what to do
- #124,951
- Jan 25, 2021 12:00pm Jan 25, 2021 12:00pm
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Just sold 1.2139.. Stops must go a little above 1.2155.. Stay Green
*I think Robber banks dragged price back above my daily support level: 1.2143 in a sneaky way and that is something to keep an eye on..
Stay Green
Focus only on what truly matters!
- #124,952
- Jan 25, 2021 12:01pm Jan 25, 2021 12:01pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
... https://www.forexfactory.com/thread/...2#post13372892 ===================== {image}
Risk comes from not knowing what to do
- #124,953
- Jan 25, 2021 12:05pm Jan 25, 2021 12:05pm
- Joined Nov 2018 | Status: Trader | 1,051 Posts
{quote} Important Levels Breached after 5 Hours {image} Thanks & Regards
I like the Candles Respecting the Fibo Levels.
Good Night
Thanks & Regards
- #124,954
- Jan 25, 2021 12:08pm Jan 25, 2021 12:08pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
H1 chart | H4 MTF mode Sell: on or between 1.21925 down to 1.21725 TP: 1.20800 {image} ..an optional intraday setup: TP @ 1.21125 {image}
{quote} ...an update: TP @ 1.21170 {image}
Entry @ 1.21462... and sell limit @ 1.21570
SL: 1.21730
TP: 1.20800
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #124,955
- Jan 25, 2021 12:13pm Jan 25, 2021 12:13pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
comeon bears where you at
Now, let's buckle up for the real drop.
H2 failed to engulf, H4 failed to turn green.
I expect bearish consolidation from now on into Asian session, then drop below 1.21 during London/New York.
Let's see if bears really do have the momentum this time. It'll make or break the bear run to 1.20.
But above all, trade safe and stay green. Peace out.
You cannot fail if you never give up.
- #124,956
- Jan 25, 2021 12:19pm Jan 25, 2021 12:19pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
Based on a moving average strategy I developed some time ago, next sell area is at 1.21430
It was just a gut feeling for me...
You cannot fail if you never give up.
- #124,957
- Jan 25, 2021 12:22pm Jan 25, 2021 12:22pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
Generally after my entry price should actually immediately drop.. I don't like this indecisive behavior immediately after my entry.... Weird! Stay Green
You cannot fail if you never give up.
- #124,958
- Edited 12:51pm Jan 25, 2021 12:25pm | Edited 12:51pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} This didn't work out the way I imagined.. My gut can already tell and no need to suffer.. Closing here at 1.2145 with -6 pips loss.. *I think Robber banks dragged price back above my daily support level: 1.2143 in a sneaky way and that is something to keep an eye on..
I try to think like they do....
Believe me, I used to be a victim too.
Overthinking things, waiting for confirmation, only to see the price action turning against me once I entered my trade based on confirmation or after I switched sides.
It's discouraging to see your portfolio being grinded down from getting hit with SL after SL.
So, I decided to think backwards. Let's simply buy the bottom, and sell the top without solid confirmation. Allow some room for drawdown (which should already be limited), then I should hardly ever get stopped out. Your win-loss ratio is guaranteed to be better.
I started scalping in this manner, with smashing success.
Now, I'm stepping up to day trading, the same way. Medium term TFs. We'll see how that turns out.
I will still scalp during sideways "scalper's heaven" PA if I can't see a clear daily trend.
You cannot fail if you never give up.
- #124,959
- Jan 25, 2021 12:32pm Jan 25, 2021 12:32pm
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
{quote} It appears like you may have become another victim of the stop hunters...
Stay Green
Focus only on what truly matters!
- #124,960
- Jan 25, 2021 12:36pm Jan 25, 2021 12:36pm
- Joined Jun 2013 | Status: Trader | 14,544 Posts
{quote} Yeah, bulls were desperately trying to turn the tables on H2 & H4, and break 1.215, but ultimately failed. Now they are burnt out.
this is only a retrace of ab=cd.. price stop at 50% and could go to 61.8% then back to long.