2
For today maybe bulls are active BUT the longer 1.1880/95 area resists (based on daily) we should soon see bears kicking in and causing a bounce down..
hahahaha...... do you recommend any material for studies? I need to learn more about where the bulls and bears are.
- #136,064
- Edited 6:07am Jul 12, 2021 5:57am | Edited 6:07am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
There is nothing to buy for the rest of the day.. Only selling pullbacks.. 
*Meanwhile, on M15... 1.1857 is the nearest resistance.. In other words: try to sell 1.1857/62 area!
*Meanwhile, on M15... 1.1857 is the nearest resistance.. In other words: try to sell 1.1857/62 area!
Focus only on what truly matters!
- #136,065
- Jul 12, 2021 6:15am Jul 12, 2021 6:15am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} I have a little time in forex, and I am already able to make a profit on the market, considering the currency conversion. and I confess that sometimes I still goof off and take loss. I disregarded your speech and took loss. and that made me extremely happy
...then all you need to do is to stick to the core logic: Always try to sell bullish pullbacks as high as you can OR always try to buy bearish pullbacks as low as you can.. In other words: wait for pullback.. enter.... Wait for pullback.. enter.. So on and so forth.. I call it: rinse and repeat but of course it has a certain logic how you can do it.. Anyways.. you go figure.. Best wishes..
*Those who get caught in the pullback being tricked that it is the trend will think you are going against the trend with your entries, but actually this method is the only pure, true trend following system!
Focus only on what truly matters!
- #136,066
- Jul 12, 2021 6:57am Jul 12, 2021 6:57am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #136,068
- Jul 12, 2021 7:18am Jul 12, 2021 7:18am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #136,072
- Jul 12, 2021 9:30am Jul 12, 2021 9:30am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #136,074
- Jul 12, 2021 9:43am Jul 12, 2021 9:43am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Ata and friends ! So nice to see you all!
. Hope all of you are well. I've been busy NOT trading for over a month now for health reasons. My buying streak therefore came to a sudden halt over 100 pips above my established SL (2050s), which was great luck.
To be back at it actually feels like the vacation I have been longing for, as strange as that sounds.
I am focusing on one base long-term trade to get in enough secured profit, after which it will be intraday and scalping both ways, trimming off the bigger as well as the slower cats than me.
For the time being :
I am definitely buying above 1874 if reached before 1830. Minimum 1st target around 2000. Trailing SL from 1810.
As long as 1880s holds firm as resistance (with all 4H closes below), will be selling at 1860 or 1840s. Target open, dependent on momentum evolution from entry all the way to reaction of low of the month.
Lets do this ! Tacos are on me as usual !
. Hope all of you are well. I've been busy NOT trading for over a month now for health reasons. My buying streak therefore came to a sudden halt over 100 pips above my established SL (2050s), which was great luck. To be back at it actually feels like the vacation I have been longing for, as strange as that sounds.
I am focusing on one base long-term trade to get in enough secured profit, after which it will be intraday and scalping both ways, trimming off the bigger as well as the slower cats than me.
For the time being :
I am definitely buying above 1874 if reached before 1830. Minimum 1st target around 2000. Trailing SL from 1810.
As long as 1880s holds firm as resistance (with all 4H closes below), will be selling at 1860 or 1840s. Target open, dependent on momentum evolution from entry all the way to reaction of low of the month.
Lets do this ! Tacos are on me as usual !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,076
- Jul 12, 2021 10:07am Jul 12, 2021 10:07am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Ata and friends ! So nice to see you all!
Focus only on what truly matters!
- #136,077
- Jul 12, 2021 10:20am Jul 12, 2021 10:20am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #136,078
- Jul 12, 2021 10:23am Jul 12, 2021 10:23am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Buy stop in place 1.18746 !
Moment of truth or more ranging ?
Looking at 1860 1min support reaction here. Really good sign if price gets back above 18666 right now and then 1875 without momentum break.
Image 1 : On 4H...
Image 2 : on my mind
Moment of truth or more ranging ?
Looking at 1860 1min support reaction here. Really good sign if price gets back above 18666 right now and then 1875 without momentum break.
Image 1 : On 4H...
Image 2 : on my mind
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,079
- Jul 12, 2021 10:33am Jul 12, 2021 10:33am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #136,080
- Edited 11:18am Jul 12, 2021 11:05am | Edited 11:18am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC