Still learning any tips for a newbie respect all criticism.
- #139,942
- Sep 24, 2021 7:50am Sep 24, 2021 7:50am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
Looks consolidating to go upward to me. Estimates put the EURUSD at 1.19 to 1.20ish (And GBPUSD unrelated at 1.39-1.40).
They have been saying that for the past few quarters now though, and hit that in previous:
Q1 (Jan-Mar) deciles trading (data run on 4 HR bars...):
Q2 (April-June):
Now this is the current "deciles" trading breakdown: (July-Sept PERIOD ALMOST DONE!):
But basically, all research I've seen says this goes back up to 1.20ish... but yeah, dollar has been really strong on recent developments right...?
Personally acquired at slightly higher than this at about 1.17, and I'm looking to get out at 1.20-1.21, would expect to see that in the next month or two (3 tops). And then I'd expect 1.155 as downside minimum
They have been saying that for the past few quarters now though, and hit that in previous:
Q1 (Jan-Mar) deciles trading (data run on 4 HR bars...):
Q2 (April-June):
Now this is the current "deciles" trading breakdown: (July-Sept PERIOD ALMOST DONE!):
But basically, all research I've seen says this goes back up to 1.20ish... but yeah, dollar has been really strong on recent developments right...?
Personally acquired at slightly higher than this at about 1.17, and I'm looking to get out at 1.20-1.21, would expect to see that in the next month or two (3 tops). And then I'd expect 1.155 as downside minimum
- #139,943
- Sep 24, 2021 7:57am Sep 24, 2021 7:57am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
Here comes my second rush.. 
(Let's hope this one lasts longer)
(Let's hope this one lasts longer)
Focus only on what truly matters!
- #139,944
- Sep 24, 2021 8:00am Sep 24, 2021 8:00am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
Looks consolidating to go upward to me. Estimates put the EURUSD at 1.19 to 1.20ish(And GBPUSD unrelated at 1.39-1.40). They have been saying that for the past few quarters now though, and hit that in previous: Q1 (Jan-Mar) deciles trading (data run on 4 HR bars...): {image} Q2 (April-June): {image} Now this is the current "deciles" trading breakdown: (July-Sept PERIOD ALMOST DONE!): {image} But basically, all research I've seen says this goes back up to 1.20ish... but yeah, dollar has been really strong on recent developments right...? Personally...
Focus only on what truly matters!
- #139,945
- Sep 24, 2021 8:05am Sep 24, 2021 8:05am
Here comes my second rush..
- #139,946
- Sep 24, 2021 8:06am Sep 24, 2021 8:06am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
{quote} You are posting here for a long time and still mentioning other pairs.. Please don't! Thanks
Ok. Will not post other pairs.
RE long-long time involved, that remains relevant. If the estimate range is for 1.25 and 1.15, one eliminates the estimates one does not trust. Then basically say we are at 1.16.. probability is it goes upward - especially if similar behavior has been observed in the past. IE only take longs, because say the overall upside in the next few months is 1.20-1.21.
Yeah I suppose who knows. But has somewhat worked for me. And basically at these levels I'd take only longs (even really short term ones, like you guys have). Yeah just based on the estimates of banking/econ analysts. I'd basically not be taking shorts at these levels - or if anything, only "hedging" existing longs or if see a spike that is large and sudden, take some profits from any longs I did if I see fit.
- #139,947
- Edited 8:31am Sep 24, 2021 8:07am | Edited 8:31am
- Joined Dec 2018 | Status: Trader | 1,483 Posts
- #139,948
- Sep 24, 2021 8:48am Sep 24, 2021 8:48am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
Well against everyone else I'm shorting here at 1.1712 with a TP at 1.1690 1st then 1.1650
Stop loss = 1.1735
Based on my 4 hour chart it's in a descending channel and frankly I believe that the Chinese word for Black Swan = Evergrande
Stop loss = 1.1735
Based on my 4 hour chart it's in a descending channel and frankly I believe that the Chinese word for Black Swan = Evergrande
...because you never know - until you do!
- #139,951
- Sep 24, 2021 9:09am Sep 24, 2021 9:09am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
Focus only on what truly matters!
- #139,955
- Sep 24, 2021 9:20am Sep 24, 2021 9:20am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
Collected nice profit on the way back and closing main order here at 1.1720 with +1 pip... All good as usual..
Calling it a day and week... Happy weekends folks
Calling it a day and week... Happy weekends folks
Focus only on what truly matters!
- #139,958
- Sep 24, 2021 10:05am Sep 24, 2021 10:05am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
Its all about Timing!!!
- #139,959
- Sep 24, 2021 10:19am Sep 24, 2021 10:19am
- Joined May 2014 | Status: Full Time Trader | 27,153 Posts | Online Now
{quote} In the end, patience prevailed. Thanks Ata again. The maximum
But before I go... For the next week I have a basic 1-2-3 candle theory..
If you check the weekly chart below, you can see that after 3 consecutive candles, an opposite direction candle is printed.. But each time price first moves into the same direction!
Now... With that same logic, it would not be wrong to look for buy opportunities inside new week especially AFTER waiting a little until bears are done.. I am guessing based on this week's closing price which is not clear yet, but once it is clear, we could begin to look for buy opportunities some 10 to 20 pips lower than that.. It could be worth to try.. Let's see..
Anyways.. for now, happy weekends
Focus only on what truly matters!