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  • #129,881
  • Apr 9, 2021 5:51am Apr 9, 2021 5:51am
Quoting nic9man
new possibility: increasing triangle? {image}
Yes, this zig-zag pattern on M5 has recently meant the price then shoots up (from a dip) by quite some. I am now staying on the sidelines, but like I said, I would go long from here to hunt 20 to 30 pips if I had to decide.
  • #129,882
  • Apr 9, 2021 5:52am Apr 9, 2021 5:52am
Quoting mtako
stuck in the middle! Range is ripe for an end on my end. Bought at 1893 ! And Ill be reversing at 1885. The steadily growth of the range and volatility of the last 2 hours allows for 2 tries max, on my end. If fails both, back to scalping the range as long as its stays between 1900- 1850 levels It could really go both ways at this point.

Close call ! Power has significantly gone down, ranging is pursuing,

or its the calm before the storm.

Lets hope its the latter !

Getting out in 30 minutes if 1897 not reached, 1h15 if its not staying above 1900. Not worth more time when in a range.

cheers all !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,883
  • Apr 9, 2021 6:36am Apr 9, 2021 6:36am
-7 -8 and gone back to scalping the range. Selling top and buying the bottom.

Its Whipsaw time

Going back in for more than range trades when volatility stabilizes in growth again and average range growth last more time than a pity half an hour !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,884
  • Apr 9, 2021 6:46am Apr 9, 2021 6:46am
Now we are nearly in the peak of the rising triangle, expect breakout soon, higher probability to the upside.
Another day, another dollar.
  • #129,885
  • Apr 9, 2021 6:52am Apr 9, 2021 6:52am
Based on H1, 1.1897 is crucial.. If current H1 candle closes above it I expect more bull power to join the move.. (7 more minutes until candle close)

Edit: No candle close above therefore: sell!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #129,886
  • Apr 9, 2021 7:00am Apr 9, 2021 7:00am
Quoting Ata-Turkoglu
Based on H1, 1.1897 is crucial.. If current H1 candle closes above it I expect more bull power to join the move.. (7 more minutes until candle close) {image}
Love these tense levels !

Im selling for 5 at the moment... got 3 pips to go!

Buying back in the 1880-90 area if the right reaction happens of course, and if we ever get back there.

Hope the range is dying because later there wont be much to get out of any direction...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,887
  • Apr 9, 2021 7:01am Apr 9, 2021 7:01am
nice +5
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,888
  • Apr 9, 2021 7:03am Apr 9, 2021 7:03am
bought already, range has moved up probably
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,889
  • Apr 9, 2021 7:03am Apr 9, 2021 7:03am
Quoting mtako
{quote} Love these tense levels ! Im selling for 5 at the moment... got 3 pips to go! Buying back in the 1880-90 area if the right reaction happens of course, and if we ever get back there. Hope the range is dying because later there wont be much to get out of any direction...
Lol.. Yeah with current bull weakness I am inclined towards selling as well.. But it is a dull Friday with a flat GREEN line on my chart.. Causes mostly boredom.. (On a side note: 1.1901 is my daily pivot and currently acting resistant)
Focus only on what truly matters!
  • #129,890
  • Apr 9, 2021 7:04am Apr 9, 2021 7:04am
nope ! -2

Did not expect to get a buy here, and reactions against after my buy scalp at this level was not what happens +70% of the time

love this !

Expect the unexpected they say ? or get out!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,891
  • Apr 9, 2021 7:07am Apr 9, 2021 7:07am
To long or not to long? That is not the question.
The question is where to long at. My answer is 1.187x
Practitioner of the cryptic trading arts
  • #129,892
  • Apr 9, 2021 7:11am Apr 9, 2021 7:11am
Quoting Ata-Turkoglu
{quote} Lol.. Yeah with current bull weakness I am inclined towards selling as well.. But it is a dull Friday with a flat GREEN line on my chart.. Causes mostly boredom.. (On a side note: 1.1901 is my daily pivot and currently acting resistant)

I wont go for more than 4-6 pips in this new situation, both ways. Perhaps stay in my longs with BE.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,893
  • Apr 9, 2021 7:20am Apr 9, 2021 7:20am
Quoting mtako
{quote} Love these tense levels ! Im selling for 5 at the moment... got 3 pips to go! Buying back in the 1880-90 area if the right reaction happens of course, and if we ever get back there. Hope the range is dying because later there wont be much to get out of any direction...

ahhh today s beloved level to buy

waiting for it to play around -1881-83 and bouncing back up the right way above 18844

Or perhaps, at the very least, get a confirmation that the range is really being raised a little, and plan accordingly



limiting my posts, apologies to those I have bothered
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,894
  • Apr 9, 2021 7:21am Apr 9, 2021 7:21am
Quoting Kyuu
{quote} Didn't update yesterday but because of the time and how price was acting, I didn't expect a full on reversal or a full continuation. Because I expected a range, I moved my stop down to 1.1830 since my 2nd horizontal level where I'd buy was 1.1838 (represented by my arrow) where I had another entry order, even though I didn't think we'd hit it. I'd rather not have my stop get triggered during a range and am playing for the long term bull move I've been expecting since 1.172 As of right now, the first support of mine seems to be holding, we...
Still long, wanted to TP at 1.1933 (previous support as resistance) and enter long lower, but seems like we may potentially have our pullback now. If we do drop, my hard stop is at 1.187 and will look to re-enter long at 1.18386. Otherwise, it's Friday and unless we get a big drop soon, we can simply range up for the rest of the day.
Attached Image (click to enlarge)
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  • #129,895
  • Apr 9, 2021 7:36am Apr 9, 2021 7:36am
Quoting mtako
{quote} ahhh today s beloved level to buy waiting for it to play around -1881-83 and bouncing back up the right way above 18844 Or perhaps, at the very least, get a confirmation that the range is really being raised a little, and plan accordingly limiting my posts, apologies to those I have bothered

NOW got my buy stop at 1884 ready,

just beware bulls and bears. wouldnt sell bottoms and buy tops unless its for tight scalps.

Waiting for above 1900 or 1850 levels for anything else than range entries and scalps. Not worth more of a day.

lost only 1 of my yesterdays longs at BE just now. Am satisfied with the outcome.

Cheers all and happy trading !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #129,896
  • Apr 9, 2021 7:44am Apr 9, 2021 7:44am
And once again I take profit.. This time at 1.1870.. I will stay on side lines because now we arrived at my 2nd obstacle 1.1868 that I mentioned a few hours ago..
Focus only on what truly matters!
  • #129,897
  • Apr 9, 2021 7:51am Apr 9, 2021 7:51am
Right on, watch 1.18622 - that's next support.

Quoting Ata-Turkoglu
And once again I take profit.. This time at 1.1870.. I will stay on side lines because now we arrived at my 2nd obstacle 1.1868 that I mentioned a few hours ago..
  • #129,898
  • Apr 9, 2021 7:55am Apr 9, 2021 7:55am
Quoting gem.stocks
Right on, watch 1.18622 - that's next support. {quote}
I focus on selling peaks.. I have 1.1884 area in mind for my next sell..
Focus only on what truly matters!
  • #129,899
  • Edited 8:11am Apr 9, 2021 7:59am | Edited 8:11am
Quoting Kyuu
{quote} Still long, wanted to TP at 1.1933 (previous support as resistance) and enter long lower, but seems like we may potentially have our pullback now. If we do drop, my hard stop is at 1.187 and will look to re-enter long at 1.18386. Otherwise, it's Friday and unless we get a big drop soon, we can simply range up for the rest of the day. {image}
Cut my trade at 1.1875 with +150 pips, long term bias is still long but the pullback I was expecting seems to be happening now. If we get a retracement up to 1.18865, I will short. 1.18386 is the level which I expect us to move up extremely quickly and where I'd buy, any lower than that then my long term bull bias will change. If we manage to hit 1.18386 today, I'm expecting us to break the previous high today with a move up to 1.20061 sometime next week. If we don't hit my level in the next 1-2 hours, I think we'll just slowly dwindle down to the 1.185 area because I expect a massive impulsive move once we hit 1.18386

In hindsight on the 4H, when 1.191 broke after just barely hovering above the horizontal line, that's when I should've taken profit long and I was expecting price to either range above there today or drop, so I should've just took profit to minimize risk since there's no real reward in me holding (I need to work on taking profit in areas where price may consolidate). This 4H/1H close beneath my level is the sign for at least a pullback for me (could be a trend change), and am looking for short entries now.

If 1.18386 does not hold, My long term bias will change to short.

Order entries at:
1.18396 long (+1 pip from my level) 10 pip sl
1.18855 short (-1 pip from my level) 10 pip sl
Attached Image (click to enlarge)
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  • #129,900
  • Apr 9, 2021 8:15am Apr 9, 2021 8:15am
Quoting newbegger
Saw this last night and put some long orders to work in my swing account. {image} It was a good thing as look at the power of the candle today. I am still holding short in my long term account so I did not make much on this move, just on size as swing account was a little bigger but only beer money bigger not pay the mortgage bigger. Not always easy to cash out and keep the beer money as timing is everything. Add a little, subtract a little, and repeat, to convert pips to cash. Never swing for the fences when hedged.
Cashed out some longs in the swing trade, holding about half size now. Gotta convert pips to cash.

Added some shorts in my scalp accounts but these will be covered before EOD.
Attached Image (click to enlarge)
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Ecclesiastes 1:9
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