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Trading 101

  • #541
  • Nov 21, 2021 8:19pm Nov 21, 2021 8:19pm
Quoting pips29
{quote} AU has room to fall and I will be looking at Aussie crosses. I have already gone long GA but will add more as time progresses. Let's wait for the market to open. The low bb will be the first target {image}

I see sideways BB ... and CSA and CSM
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #542
  • Nov 21, 2021 11:54pm Nov 21, 2021 11:54pm
Quoting pips29
{quote} AU has room to fall and I will be looking at Aussie crosses. I have already gone long GA but will add more as time progresses. Let's wait for the market to open. The low bb will be the first target {image}
Hi pips

yes AUD is weak, NZ is strong.
but AUD have clean chart than NZ.

I have bought NZ usd, I am playing Range.
MA provides the market's current direction and strength.
  • #543
  • Nov 22, 2021 12:02am Nov 22, 2021 12:02am
GA, it is shifted from up side momentum to range momentum.
If it is a range buying from top side of the range is always risky if break out don't happen it will be losing trade.

If you want to buy it, I think you have to follow breakout strategy.

If price come close to lower side of the range we could buy with small stop
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 57 KB
MA provides the market's current direction and strength.
  • #544
  • Nov 22, 2021 3:30am Nov 22, 2021 3:30am
Quoting emmanuel7788
{quote} I see sideways BB ... and CSA and CSM
yeah,messy on the weekly but I am going with the monthly for continuation of the down move..
the cautious seldom err....C
  • #545
  • Nov 22, 2021 3:41am Nov 22, 2021 3:41am
Quoting hasib
GA, it is shifted from up side momentum to range momentum. If it is a range buying from top side of the range is always risky if break out don't happen it will be losing trade. If you want to buy it, I think you have to follow breakout strategy. If price come close to lower side of the range we could buy with small stop {image}
GA and GN are wild beasts, sometimes they obey and at other times they don't. Just beware when you trade these 2 pairs..can give you heart attack
the cautious seldom err....C
  • #546
  • Nov 22, 2021 11:23am Nov 22, 2021 11:23am
Quoting pips29
{quote} sell limits are in but I doubt they will be triggered today, anyway,,, {image}
added more sell limits
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 69 KB
the cautious seldom err....C
  • #547
  • Nov 22, 2021 11:29am Nov 22, 2021 11:29am
Quoting pips29
{quote} AU has room to fall and I will be looking at Aussie crosses. I have already gone long GA but will add more as time progresses. Let's wait for the market to open. The low bb will be the first target {image}
I did take some sells this morning
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 67 KB
the cautious seldom err....C
  • #548
  • Nov 22, 2021 11:36am Nov 22, 2021 11:36am
took a loss earlier with an entry and hopefully these 2 entries will be rewarded
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 74 KB
the cautious seldom err....C
  • #549
  • Nov 23, 2021 3:48am Nov 23, 2021 3:48am
buy limits set for NU
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 79 KB
the cautious seldom err....C
  • #550
  • Nov 23, 2021 4:11am Nov 23, 2021 4:11am
nothing triggered yet, might have to go down a little perhaps
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 69 KB
the cautious seldom err....C
  • #551
  • Nov 23, 2021 4:14am Nov 23, 2021 4:14am
started a small sell on the swissy
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 77 KB
the cautious seldom err....C
  • #552
  • Nov 23, 2021 4:27am Nov 23, 2021 4:27am
I had already taken both AU short and GA long out, AU in profit and GA slight loss
the cautious seldom err....C
  • #553
  • Edited 4:54am Nov 23, 2021 4:34am | Edited 4:54am
setting some sell limits near the recent high on this tf
EDit: triggered
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 57 KB
the cautious seldom err....C
  • #554
  • Nov 23, 2021 4:36am Nov 23, 2021 4:36am
AU will probably find support there
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 59 KB
the cautious seldom err....C
  • #555
  • Nov 23, 2021 5:08am Nov 23, 2021 5:08am
where are you hasib? you have gone MIA
the cautious seldom err....C
  • #556
  • Nov 23, 2021 5:51am Nov 23, 2021 5:51am
for those trying to understand bbma cycle, 1 and 2 done, 3 is next (most difficult to detect),that's why I mentioned to concentrate on 5 and 7
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 72 KB
the cautious seldom err....C
  • #557
  • Nov 23, 2021 5:54am Nov 23, 2021 5:54am
Giedrius, how is it going?
the cautious seldom err....C
  • #558
  • Nov 23, 2021 6:11am Nov 23, 2021 6:11am
"set and forget" type of trade
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYWeekly.png Size: 62 KB
the cautious seldom err....C
  • #559
  • Nov 23, 2021 6:14am Nov 23, 2021 6:14am
fully focus on the loonie now
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 70 KB
the cautious seldom err....C
  • #560
  • Nov 23, 2021 6:39am Nov 23, 2021 6:39am
EU sell
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 38 KB
MA provides the market's current direction and strength.
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