There is a potential for a move up in this vicinity but one should keep the big picture in mind, in case the market skips the rally.
Attached Image (click to enlarge)
- Post #140,301
- Quote
- Sep 30, 2021 7:00am Sep 30, 2021 7:00am
- Joined Apr 2009 | Status: Member | 1,482 Posts
- Post #140,302
- Quote
- Sep 30, 2021 7:05am Sep 30, 2021 7:05am
- | Joined Jul 2020 | Status: Member | 142 Posts
Aim to stay in the game for 6 months NO MATTER WHAT !!. Profits come after.
- Post #140,303
- Quote
- Sep 30, 2021 7:06am Sep 30, 2021 7:06am
If it doesn't stop at the trendline ~1.1550 or so, then it'll already become a big bull's massacre slaughtering. However, if there's still bulls existent, that really houldn't happen (although anything can happen).
- Post #140,305
- Quote
- Sep 30, 2021 7:09am Sep 30, 2021 7:09am
- Joined Jul 2007 | Status: Member | 2,949 Posts
- Post #140,306
- Quote
- Sep 30, 2021 7:10am Sep 30, 2021 7:10am
- Joined May 2014 | Status: Full Time Trader | 17,912 Posts
Be a seer, not a looker!
Ata's Trend Hunter All Time Return:
42.2%
- Post #140,307
- Quote
- Sep 30, 2021 7:13am Sep 30, 2021 7:13am
- Joined Jul 2007 | Status: Member | 2,949 Posts
{quote} Yes.. the whole weekly candle indicates that a sharp recovery could be in play. Beware! (Not just the day.. the whole week is likely to become a bear trap!)
- Post #140,308
- Quote
- Sep 30, 2021 7:18am Sep 30, 2021 7:18am
- Joined Oct 2018 | Status: Discipline creates Lifestyle | 1,684 Posts
Risk comes from not knowing what to do
- Post #140,312
- Quote
- Sep 30, 2021 7:50am Sep 30, 2021 7:50am
{quote} I mostly swing trade. This is how i see the weekly. It looks like a new cycle is about to commence perhaps sometime between the 6th to 10th of October. Looking for price to do one more leg down and then a buy opportunity perhaps between 6th - 10th. we'll see. {image}
So far so good, Will look for buy opportunities next week.
- Post #140,313
- Quote
- Sep 30, 2021 7:57am Sep 30, 2021 7:57am
- Joined May 2014 | Status: Full Time Trader | 17,912 Posts
{quote} Sorry Ata, but how today if it drop to 1.1488 you mentioned, does it whole week still a bear trap?sorry no mean to underestimate, but this drop is horrible and have a meaning that we might see a new low will come.
Be a seer, not a looker!
Ata's Trend Hunter All Time Return:
42.2%
- Post #140,314
- Quote
- Sep 30, 2021 8:13am Sep 30, 2021 8:13am
- Joined Dec 2018 | Status: Trading For Living | 1,457 Posts
Learn and learning
EA XAU Ticmill All Time Return:
na
- Post #140,318
- Quote
- Sep 30, 2021 8:56am Sep 30, 2021 8:56am
- Joined Jul 2007 | Status: Member | 2,949 Posts
Bulls still somehow toothless. I'd love to see some recovery. Therefore bulls need to push it close to 1.1600 rather sooner than later.
- Post #140,320
- Quote
- Sep 30, 2021 9:14am Sep 30, 2021 9:14am
- | Joined Oct 2018 | Status: Member | 170 Posts
Is this called free falling?
Its all about Timing!!!