Disliked{quote} On trading E/U - Am in this trade from Monday 18th Jan. With Multiple entries at 1.2109 / 1.2118 / 1.2145 / 1.215 (last two from yesterday). I am generally 4H/D trader. Looking at a price of 1.2284 as the target. What's your outlook on this pair? On a non-trading issue : Finding some of the posts here as funny. Are we here to trade or criticise. Nobody is perfect in their trading. So why criticise? Is it important to find faults in others (including English Language) or observe and improve our own trading? Suggest to all to keep ourselves...Ignored
Just more meaningless mumbo-jumbo to enrapture the naive.
Here is the EURUSD "WCC" by the gold line on the W1 TF.
Then it is delineated by the 2 dashed verticals on the D1 chart. Do you see some kind of magic about that WCC?? No? Good for you, because there is not only no magic, it is a meaningless phrase!
So what is really going on that you can use for trading? The D1 TF shows you CLEARLY what is going on! That "WCC" is simply a PIECE of the DOWN SWING. And, if you look carefully, you can see that there is a small RALLY during that W1 bar that leads to a SELL CONTINUATION on D1.
And then after that W1 bar closed, what happened? A RALLY. Is it a surprise to you to see a rally? If should not be! The "big picture" for EURUSD is DOWN. So you are looking for rallies to SELL.
Of course, on bigger TFs that have swings that encompass a lot of pips, you can drop to smaller TFs to trade those counter-trend rallies with caution.
And always remember: green cross red.
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To free Gazans of Hamas, use whatever it takes.
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