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multiple systems per pair/multiple pairs per system? 3 replies

Trading 24 hours per day, 5 days per week 14 replies

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(binned per thread starter’s request) My Way Of Price Level Analy

  • #81
  • May 13, 2021 2:07am May 13, 2021 2:07am
Quoting TraderR0N
{quote} Anyone. EURUSD
Morning Ron and all! ️

I’m in E/U from yesterday... patience patience
  • #82
  • May 13, 2021 2:09am May 13, 2021 2:09am
Quoting RickMTB
{quote} Morning Ron and all! ️ I’m in E/U from yesterday... patience patience
Good morning Rick.

Patience everything in life not just trading.
10% buy 10% sell 80% waiting
  • #83
  • May 13, 2021 2:12am May 13, 2021 2:12am
Laters guys!
10% buy 10% sell 80% waiting
  • #84
  • May 13, 2021 5:58am May 13, 2021 5:58am
Shorting Eur/Aud and eur/nzd

I see rejection pins on the 4hr time frame

Good idea boss?
  • #85
  • May 13, 2021 6:04am May 13, 2021 6:04am
Quoting princiano
Shorting Eur/Aud and eur/nzd I see rejection pins on the 4hr time frame Good idea boss?
Okay but I’m not trading till I see more confirmation.
10% buy 10% sell 80% waiting
  • #86
  • Edited 6:36am May 13, 2021 6:23am | Edited 6:36am
Trading in this current market, it is better to wait for more confirmation than to catch the top or bottom. I would rather wait for first wave down or up to confirm the current trend. At times we do not know whether is a reversal, retracement or correction. So wait and see is the best choice.

First wave up or down means to see whether price has bottom or top then trade with second wave up or down. Yes we may miss good prices but no one as in no one on this planet can catch the best or early prices. You can get trap easily, and once you get trap you blame on the market condition. Some times it may save you from entering a trade.
10% buy 10% sell 80% waiting
  • #87
  • May 13, 2021 6:29am May 13, 2021 6:29am
Good to see you again R0N.
Life begins at the end of your comfort zone.
  • #88
  • May 13, 2021 6:31am May 13, 2021 6:31am
Quoting F05
Good to see you again R0N.
Thanks F05. Welcome here.
10% buy 10% sell 80% waiting
  • #89
  • Edited 8:09am May 13, 2021 7:55am | Edited 8:09am
The whole market can get so choppiness when Stocks Equities Dollar Yields are mixed.

This is when we get trap causing us to either closed the trades early or force trade. Tricky!

That is when I would prefer more confirmation of a trend direction before I place a trade unless you scalp but I’m not a scalper but a swing trader.

Its all about Inflation!
10% buy 10% sell 80% waiting
  • #90
  • May 13, 2021 8:13am May 13, 2021 8:13am
Quoting TraderR0N
Commodities pairs will be having some corrections soon IMO. Equities already sold off on inflation worries and if data meets expectations, I don’t think we will get much of a reaction. Beats - we will probably see equities under more pressure. Misses and market may not think it’s as bad as though and put in a ( transitory ) floor for now.
That is why commodities are selling off.

Just take a look at OIL when it was at 65.70. This is just a correction and it will high this year to $70 - $72. What will happen to USDCAD EURCAD CADJPY GBPCAD.
10% buy 10% sell 80% waiting
  • #91
  • Edited 8:36am May 13, 2021 8:22am | Edited 8:36am
Quoting TraderR0N
S&P500. $4300 -$4600 still can be seen. Gold. $2500 - $2700 still can be seen. Silver. $50- $60 still can be seen. Good luck everyone. Have a profitable week ahead. Cheers.
2021 targets!

I have explained to my telegram group chat traders before what to look out for. This year will be commodities . Dollar will get smack down hard to 88.00 - 87.500 area.
10% buy 10% sell 80% waiting
  • #92
  • May 13, 2021 8:39am May 13, 2021 8:39am
Staying sideline is the best for now till I see some setups. Let the ‘MM’ do its job.
10% buy 10% sell 80% waiting
  • #93
  • May 13, 2021 8:47am May 13, 2021 8:47am
Open up your chart for GBPCAD hourly. Look at those candlesticks and you will know what I mean. So my answer is WAIT for it.
10% buy 10% sell 80% waiting
  • #94
  • May 13, 2021 9:04am May 13, 2021 9:04am
Let’s sell NZDJPY.
10% buy 10% sell 80% waiting
  • #95
  • May 13, 2021 9:23am May 13, 2021 9:23am
Quoting TraderR0N
Open up your chart for GBPCAD hourly. Look at those candlesticks and you will know what I mean. So my answer is WAIT for it.
I see fake support with 5 touches so far on a previous swing resistance with 5 touches, being set up for buying suckers
  • #96
  • May 13, 2021 10:03am May 13, 2021 10:03am
Quoting pamc
{quote} I see fake support with 5 touches so far on a previous swing resistance with 5 touches, being set up for buying suckers
Haha...
10% buy 10% sell 80% waiting
  • #97
  • May 13, 2021 10:03am May 13, 2021 10:03am
I have bought EURCAD.
10% buy 10% sell 80% waiting
  • #98
  • May 13, 2021 10:07am May 13, 2021 10:07am
I trade what I see on my chart and not what I feel and patiently wait for my profits. Patience is the game will be rewarded.
10% buy 10% sell 80% waiting
  • #99
  • May 13, 2021 10:44am May 13, 2021 10:44am
Hi Ron

Can you please provide your TG group details for anyone interested to join?

Regards
SK
  • #100
  • May 13, 2021 12:01pm May 13, 2021 12:01pm
Goodnight all
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