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Trading 101

  • #161
  • Nov 1, 2021 4:03am Nov 1, 2021 4:03am
stopped out as UY fell.,was good for +30 .,,will review when H4 is formed in an hour's time
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDailya.png Size: 55 KB
the cautious seldom err....C
  • #162
  • Nov 1, 2021 4:17am Nov 1, 2021 4:17am
Expecting market will move pre NY session. I will try to scalp
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MA provides the market's current direction and strength.
  • #163
  • Nov 1, 2021 4:21am Nov 1, 2021 4:21am
Quoting pips29
stopped out as UY fell.,was good for +30 .,,will review when H4 is formed in an hour's time {image}
sorry guys, I just made a mistake as H4 has closed just about 20 minutes ago. I still need to remind myself that time has been pushed back by an hour as from Sunday
EDit: in GY long again
the cautious seldom err....C
  • #164
  • Nov 1, 2021 4:26am Nov 1, 2021 4:26am
Carefully within this slow market.
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MA provides the market's current direction and strength.
  • #165
  • Nov 1, 2021 4:32am Nov 1, 2021 4:32am
Gu break lower now market slow down again. It was expected. Nothing new, before big news it happens, as a trader we have to develop market sentiment awareness.
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MA provides the market's current direction and strength.
  • #166
  • Nov 1, 2021 4:38am Nov 1, 2021 4:38am
Be aware of interest rate.
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MA provides the market's current direction and strength.
  • #167
  • Nov 1, 2021 4:45am Nov 1, 2021 4:45am
with this method the previous candle printed a csd (candle stcik direction) when price closed below the mid bb..bbma traders will not jump in short now but to wait for a retracement to the 5/10 ema for a short..big traders will short heavy when price reaches the emas'..if price moves further down we just sit tight and wait for the retracement to come . There must be an entry to short when there is csd..this is "fundamental" to bbma trading
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 62 KB
the cautious seldom err....C
  • #168
  • Nov 1, 2021 4:50am Nov 1, 2021 4:50am
Quoting hasib
Be aware of interest rate. {image}
When the interest rate was high in Australia and NZ in those days, smart traders just borrow the yen in Japan and parked their money in Australia and NZ..I think they call it carry trades
the cautious seldom err....C
  • #169
  • Nov 1, 2021 6:03am Nov 1, 2021 6:03am
Pretty boring day today, markets are slow and choppy, I am not forcing any trade.
Most of the people lose money when boring day comes they force trade.
MA provides the market's current direction and strength.
  • #170
  • Nov 1, 2021 6:07am Nov 1, 2021 6:07am
Quoting hasib
Pretty boring day today, markets are slow and choppy, I am not forcing any trade. Most of the people lose money when boring day comes they force trade.
yes, just wait for the trade to come to you, patience is a virtue and I totally agree forcing a trade just to be in one is not encouraged
the cautious seldom err....C
  • #171
  • Nov 1, 2021 6:08am Nov 1, 2021 6:08am
Lets analyze AUDUSD and AudJPY together. Tomorrow Cash rate is coming.
MA provides the market's current direction and strength.
  • #172
  • Nov 1, 2021 7:13am Nov 1, 2021 7:13am
Quoting hasib
Lets analyze AUDUSD and AudJPY together. Tomorrow Cash rate is coming.
ok let's see yours first. I actually had a quick look yesterday
the cautious seldom err....C
  • #173
  • Nov 1, 2021 8:07am Nov 1, 2021 8:07am
Quoting pips29
{quote} sorry guys, I just made a mistake as H4 has closed just about 20 minutes ago. I still need to remind myself that time has been pushed back by an hour as from Sunday EDit: in GY long again
I have decided to take my first profit of the new trading week
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 70 KB
the cautious seldom err....C
  • #174
  • Nov 2, 2021 1:43am Nov 2, 2021 1:43am
Quoting pips29
{quote} ok let's see yours first. I actually had a quick look yesterday
sold AU target is 0.74.
MA provides the market's current direction and strength.
  • #175
  • Nov 2, 2021 1:46am Nov 2, 2021 1:46am
GJ could not sell at right time, Late entry and close early, probably GJ move lower but if it start moving higher it will difficult to manage risk. As expected GBP weak over all.
MA provides the market's current direction and strength.
  • #176
  • Nov 2, 2021 3:37am Nov 2, 2021 3:37am
Japan keep an eye on jpy weakness. It was good selling opportunity today.
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MA provides the market's current direction and strength.
  • #177
  • Nov 2, 2021 3:51am Nov 2, 2021 3:51am
Do you interested to sell eu now
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MA provides the market's current direction and strength.
  • #178
  • Nov 2, 2021 3:55am Nov 2, 2021 3:55am
EUR/USD seems to have gone into a consolidation phase around 1.1600 on Tuesday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to challenge the recent low of 1.1522 and sees scope for a slump to 1.1366.

I am sure some people waiting for better price to sell eu.
MA provides the market's current direction and strength.
  • #179
  • Nov 2, 2021 3:58am Nov 2, 2021 3:58am
FOMC
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MA provides the market's current direction and strength.
  • #180
  • Nov 2, 2021 5:00am Nov 2, 2021 5:00am
EURUSD probably move lower,
MA provides the market's current direction and strength.
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