{quote} Based on my pearlier H4 sharing, no surprises so far.. I have a long from 1.2128, stops at BE now.. Depending on London pa I might keep trailing SL.. Happy trading week to all
Focus only on what truly matters!
- #132,301
- May 17, 2021 1:46am May 17, 2021 1:46am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
- #132,302
- May 17, 2021 1:47am May 17, 2021 1:47am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
{quote} I would change this a bit to level 1.2126. There is support. However guys, supports and resistances are tied with volatility. What I mean is that support that would normally work will not be usable with instant volatility change. I cannot explain this 100% now, but I hope you got the point.SF {image}
posting only for 2 pips.. gosh people are so dramatic..
Focus only on what truly matters!
{quote}
I learn as I do it. So that's why posted. And if this help to anyone here, it is good for me. We need to help each other. x)SF
- #132,304
- May 17, 2021 1:56am May 17, 2021 1:56am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #132,306
- May 17, 2021 1:58am May 17, 2021 1:58am
- Joined Jun 2013 | Status: enjoying life | 23,867 Posts
- #132,308
- May 17, 2021 2:02am May 17, 2021 2:02am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #132,309
- May 17, 2021 2:07am May 17, 2021 2:07am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #132,310
- May 17, 2021 2:09am May 17, 2021 2:09am
- Joined Dec 2018 | Status: Trader | 1,483 Posts
{quote} You said you will look for buy around my support level 1.2128.. Could you?
From H4 , did the price will get higher if its breaks 1.250 ? Or it will retest far below ? Newbie,
Next S/R are on picture. Made from monthly chart. I will post later how this went, however it will take weeks... For 1.25 to happen... Well we will need miracle. We still stay for long time on those red lines my friend.SF
The level of 1.21500 has been reached and this is a level of weak resistance, but I would pay attention to the fact that an uptrend is being formed at 4 hours and on daily, which is a more weighty argument. I see further growth to 1.21800.
- #132,315
- May 17, 2021 2:51am May 17, 2021 2:51am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
{quote} Based on my pearlier H4 sharing, no surprises so far.. I have a long from 1.2128, stops at BE now.. Depending on London pa I might keep trailing SL.. Happy trading week to all
Focus only on what truly matters!
- #132,318
- May 17, 2021 3:11am May 17, 2021 3:11am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #132,320
- Edited 4:01am May 17, 2021 3:28am | Edited 4:01am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Most probable scenario in my book panned out today, as main momentum held above 2120 and price reached 50s in time.
BUT being extra careful as these are crucial years-important levels and, on shorter-term :
But that 2137 is now 2147.
most recent positions 2135 39 and 48 SLs now at BE. The 2157, for now, 2147 as SL.
new buy stop on volatility in trend, 21656.
Longer-term:
Buy stop triggered for an extremely rare long-term momentum trade. Looking at +3years highs IMPORTANCE TEST. Probabilities of it shooting up .24 are put into action. We now need 2190s broken by same daily move.
This move is great news for the bulk of my trades ! The main stop of all my longs at BE can be moved up to 2060s. When/if 2060 tested, then when volatility has ceased for the days, fixed SL at low of that day, as usual.
Back to intraday :
For now though, 2170s - 2190s is the really big one to break.
Trade safe, sharp, following 100% of rules, relaxed for concentration and happy my dear friends !
P.S this is me this week compared to last week
BUT being extra careful as these are crucial years-important levels and, on shorter-term :
... as long as we stay above 2120(dynamic level moving up), intraday bulls momentum is fine enough to take as many setups that turn upPlaced some buy stops that stay active as long as 2120s are not breached, 2139, 48, 57. But from 2150, not much of a rejection could be tolerated, and 39 would be at BE. A 2nd drop back below to 2137 from 2150 would greatly increase the chance of a ranging period or even reversal. All surviving positions from Friday at BE....... GOT back in at 2135 volatility scalp,...
most recent positions 2135 39 and 48 SLs now at BE. The 2157, for now, 2147 as SL.
new buy stop on volatility in trend, 21656.
Longer-term:
...Buy stop 2157, longterm momentum trade. Trailing stop start from 2045. TP trailing based on momentum. Destination unknown. {quote} {image} {image}
Long term. A momentum daily setup will be confirmed if: A close today above 2131, and a break of that high needs to occur Monday or Tuesday, at the latest. If that happens, potential of a new and a much strong push up would have a good enough chance of unfolding, and my main stops could be pushed up to 2060.....
This move is great news for the bulk of my trades ! The main stop of all my longs at BE can be moved up to 2060s. When/if 2060 tested, then when volatility has ceased for the days, fixed SL at low of that day, as usual.Back to intraday :
For now though, 2170s - 2190s is the really big one to break.
If it gets beyond 2172, I will not be accepting any setups except momentum trades with the tightest SLs. Because at 2170s, a battle of new monthly highs would be too probable. If we get there, ideally it would move enough for 2170s or higher to quickly become support, and only then would I start to accept all longs setups again. .....
Trade safe, sharp, following 100% of rules, relaxed for concentration and happy my dear friends !
P.S this is me this week compared to last week
If I don't mention SL and/or TP = longer-term setup possibly in the works!