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  • #134,141
  • Jun 7, 2021 3:45am Jun 7, 2021 3:45am
Quoting Monk
{quote} So one of the (call it bad) habits I am trying to learn around is opening a trade just north or south of a support or resistance line. So if coming up on support I’ll go short say 5 pips above it with the hopes I’ll break through and be a quick drop. Or I’ll buy just below a resistance same concept. I’ve had some really great trades “getting in” at the very top or bottom of a nice move. what I’m NOT good at yet is letting go of losers. I mean I am in some ways my disposition of winning to losing trades is pretty good. I’m in the winners...
Will need trial & error for the perfect stop.
But what came up to my head if that is your style, you should monitor closely if the price bounce the said pivot.
Then you should ready for exit.
If you don't have trigger finger, maybe drop to lower TF. If pivot (just as example) is yellow, price retest and fail by breaking or closing above red. You might want to consider an exit to minimize you lost
Just my 2 cent.
Attached Image
Don't mind me.. i'm crazy
  • #134,142
  • Jun 7, 2021 3:47am Jun 7, 2021 3:47am
Quoting josip
some of you are here as grannies in the market they are more talking than working, I would say 30% short, and 70% long
Pretty sure in trading you should do exactly that
Nothing else you can do after clicking trade
Don't mind me.. i'm crazy
  • #134,143
  • Edited 4:12am Jun 7, 2021 3:51am | Edited 4:12am
Quoting purevenom
{quote} Pretty sure in trading you should do exactly that Nothing else you can do after clicking trade
hehe, u can prepare lunch...

ok, how can be:

1. LONG to R2
2. SHORT from R2 to R1
3. LONG from R1

I'm curious what will happen

4. slowly down
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 271 KB
Trendlines H1,H4, SMC
  • #134,144
  • Jun 7, 2021 3:56am Jun 7, 2021 3:56am
Usual slow Monday morning start.
Let's NOT get impatient. The way will be clearer later.
  • #134,145
  • Jun 7, 2021 3:58am Jun 7, 2021 3:58am
Quoting josip
{quote} hehe, u can prepare lunch... ok, how can be: 1. LONG to R2 2. SHORT from R2 to R1 3. LONG from R1 I'm curious what will happen {image}
I'm still thinking at last H1 close above 1.2169 to give a shot at your R2

* Locked be+ at my long cause i don't like if the next M5 break current M5 low
This is how i trade. Trigger happy
Don't mind me.. i'm crazy
  • #134,146
  • Jun 7, 2021 4:00am Jun 7, 2021 4:00am
Quoting purevenom
{quote} I'm still thinking at last H1 close above 1.2169 to give a shot at your R2 * Locked be+ at my long cause i don't like if the next M5 break current M5 low This is how i trade. Trigger happy
If that pattern will work, that's sure LONG
sometimes I have hockey from those patterns how they work
Trendlines H1,H4, SMC
  • #134,147
  • Jun 7, 2021 4:02am Jun 7, 2021 4:02am
Quoting Ata-Turkoglu
{quote} Some 11 years ago I was there where you are at now.. I think you often might be doing the right thing BUT not at the correct times.. Try to sync and recalibrate your abilities with market flow.. Sometimes you have to adjust your standard entries by swapping them with delayed or early entries.. You have to figure out how to calibrate.. My two cents
thank you Ata for your comment. Means a lot. Often wish I had kept up trading - even demo - from when I started in -2004 or so. Was very active 2007 - 2009 and then stopped when I started a family. That was the wild wild west days. 400:1 leverage and all. The day I got engaged in 2008 the gbp/jpy started it’s fall from 235 to 130. What a rider

now just knocking the rust off what I learned (and lost) back then and giving this an honest try
--post hoc ergo propter hoc--
  • #134,148
  • Jun 7, 2021 4:08am Jun 7, 2021 4:08am
[quote=purevenom;Just my 2 cent. {image}[/quote]
Thanks!! I mostly need to work on my charting
--post hoc ergo propter hoc--
  • #134,149
  • Jun 7, 2021 4:15am Jun 7, 2021 4:15am
Meanwhile on M15.. I added sma 100 and 200 so you can see why bears can't pass 1.2145/55 area support.. (purple triangle zone) Then, please notice that bulls are also getting pressurized by 1.2168 area..

Conclusion: No need to insist in entering long or short.. I patiently prefer to wait until the path on either side clears out.. No rush (Hint: Personally I favor bulls)
Attached Image (click to enlarge)
Click to Enlarge Name: M15_Status.png Size: 26 KB
Focus only on what truly matters!
  • #134,150
  • Jun 7, 2021 4:15am Jun 7, 2021 4:15am
So right now is an example of what I need to work on - what’s my overall sentiment at this time - bullish or bearish. I’m currently short and have 2 open positions which have been negative for most part but are now positive. Do I hold being bearish or close at just better then break even and get into a long and ride the move up from a good place

my biggest defect of character is Not letting go of a sentiment. Once I see down or up and I’m in I can’t see past that. Not sure how to break that behavior
--post hoc ergo propter hoc--
  • #134,151
  • Jun 7, 2021 4:16am Jun 7, 2021 4:16am
It's a down trend it will reach 1.21100 level
  • #134,152
  • Jun 7, 2021 4:23am Jun 7, 2021 4:23am
Quoting Fahiz
It's a down trend it will reach 1.21100 level
hourly chart I see a descending broadening wedge. Whatever that means....guessing move to the upside per google
--post hoc ergo propter hoc--
  • #134,153
  • Jun 7, 2021 4:27am Jun 7, 2021 4:27am
Quoting Fahiz
It's a down trend it will reach 1.21100 level
Yes bears are still sort of leading BUT... Check this out: H4 candles resist to close below 1.2159 area.. Since market moves in form of waves we must not ignore the possibility for a C wave to the upside.. Current volume is so low that it is better to stay on side lines.. I am still waiting for a proper signal based on M15.. Time will tell.. Best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: H4_Channel.png Size: 18 KB
Focus only on what truly matters!
  • #134,154
  • Jun 7, 2021 4:29am Jun 7, 2021 4:29am
Quoting Ata-Turkoglu
{quote} Yes bears are still sort of leading BUT... Check this out: H4 candles resist to close below 1.2159 area.. Since market moves in form of waves we must not ignore the possibility for a C wave to the upside.. Current volume is so low that it is better to stay on side lines.. I am still waiting for a proper signal based on M15.. Time will tell.. Best wishes {image}
https://www.mql5.com/en/charts/14044...-group-limited
  • #134,155
  • Jun 7, 2021 4:31am Jun 7, 2021 4:31am
Im out. Its very tricky and its enough the risk. Lets see i get my risk or my reward. Bull my favourite. I hope reach above 1.22xxx
  • #134,156
  • Jun 7, 2021 4:32am Jun 7, 2021 4:32am
Eur can overcome the yellow channel in H1 ?!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 07-06-2021.png Size: 111 KB
  • #134,157
  • Jun 7, 2021 4:36am Jun 7, 2021 4:36am
Quoting Monk
{quote} hourly chart I see a descending broadening wedge. Whatever that means....guessing move to the upside per google
I will look more H4 chart. note 50 retracement of fibonacci and the structure of cycle. Untill now looks long. SL under the last H4 candle. I will add 1 more buy at 1.2173.

Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 66 KB
  • #134,158
  • Jun 7, 2021 4:36am Jun 7, 2021 4:36am
Happy beginning of the week all, hope all is well !

Im just popping in to read you all.

Price had to do its usual choppy volatility moves both ways before... Now buddy please just chill, pick your direction or go rest on your hot stone

I have my Fridays positions still (2013 - 2085) and am resting. and will not trade more unless a major level breaks and price stays beyond it significantly long enough. But if I was taking fresh setups, at this time and level I would normally, finally, start to buy (more precisely with a buystop 2163).
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #134,159
  • Jun 7, 2021 4:39am Jun 7, 2021 4:39am
Quoting Ata-Turkoglu
{quote} Yes bears are still sort of leading BUT... Check this out: H4 candles resist to close below 1.2159 area.. Since market moves in form of waves we must not ignore the possibility for a C wave to the upside.. Current volume is so low that it is better to stay on side lines.. I am still waiting for a proper signal based on M15.. Time will tell.. Best wishes {image}
cheers
  • #134,160
  • Jun 7, 2021 4:41am Jun 7, 2021 4:41am
Attached Image (click to enlarge)
Click to Enlarge Name: 5da100aa5b20e6f8f148c4307dabd2da.png Size: 91 KB
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