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  • #1,214,781
  • May 19, 2022 10:44am May 19, 2022 10:44am
Above 0600 0622/42 may give a pause to the upside momentum and then a retrace, but a break of the last opens the road for 0668 and 0700.

A close below 0564 needed to see EU at 0520 & 0500 again.
Looking for profitable short term trades ...|
  • #1,214,782
  • May 19, 2022 11:03am May 19, 2022 11:03am
Could this be the ol' 'push it up a few pips above last weeks high and then dump'?
  • #1,214,783
  • May 19, 2022 11:12am May 19, 2022 11:12am
Quoting ICouldBWrong
Could this be the ol' 'push it up a few pips above last weeks high and then dump'?
yes, it is possible for it to reach 1.065 and then stall out
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,784
  • Edited 1:00pm May 19, 2022 11:24am | Edited 1:00pm
Quoting ForexGoose
{quote} yes, it is possible for it to reach 1.065 and then stall out
It certainly could. However, dollar is looking like it's poised to make a rebound any time here. So it might not make it all the way up there. I've already loaded up the n/u shorts. We'll see how it goes.
  • #1,214,785
  • Edited 8:42pm May 19, 2022 1:00pm | Edited 8:42pm
Quoting ICouldBWrong
{quote} It certainly could. However, dollar is looking like it's poised to make a rebound any time here. So it might not make it all the way up there. I've already loaded up the n/u shorts. We'll see how it goes.
Meh.. I spoke too soon. Dollar not ready to rebound. Looks like e/u and others will either consolidate or continue to drift upwards for remainder of the day. Seems unlikely to get any big moves for the remainder of the NY session.
  • #1,214,786
  • May 19, 2022 11:23pm May 19, 2022 11:23pm
Preparing another profit day,

Entered a buy from 1.05799, TP @ 1.06059
Plan B
Enter a BEAR from price 1.05504 TP @ 1.05424

Wish me luck!
  • #1,214,787
  • May 20, 2022 12:12am May 20, 2022 12:12am
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  • #1,214,788
  • May 20, 2022 12:36am May 20, 2022 12:36am
Quoting PatienceFx
{image}
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  • #1,214,789
  • May 20, 2022 12:46am May 20, 2022 12:46am
Quoting Js3mwtRc
Above 0600 0622/42 may give a pause to the upside momentum and then a retrace, but a break of the last opens the road for 0668 and 0700. A close below 0564 needed to see EU at 0520 & 0500 again.
Still waiting for this. Friday watch its profit taking day!
Looking for profitable short term trades ...|
  • #1,214,790
  • May 20, 2022 1:14am May 20, 2022 1:14am
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The Average Discount Everything
  • #1,214,791
  • Edited 1:41am May 20, 2022 1:24am | Edited 1:41am
ONLY SMART MONEY CAN MAKE PRICE MANIPULATION / LIQUIDITY AND PRICE MOVEMENT
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The Average Discount Everything
  • #1,214,792
  • May 20, 2022 1:28am May 20, 2022 1:28am
Small timeframe with many scenarios is easier to lose more money in short time period, I don't recomend to new traders !! Better demo with it.

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Looking for profitable short term trades ...|
  • #1,214,793
  • May 20, 2022 3:28am May 20, 2022 3:28am
Quoting hesron
ONLY SMART MONEY CAN MAKE PRICE MANIPULATION / LIQUIDITY AND PRICE MOVEMENT{image} {image} {image}
Good example! The most of the herd is sleeping, or don't know whats happening yet. When it comes in and keep buying EURUSD can fall to 0500
Looking for profitable short term trades ...|
  • #1,214,794
  • May 20, 2022 3:33am May 20, 2022 3:33am
Will USD find support at the Cajun Chicken line?
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  • #1,214,795
  • May 20, 2022 3:58am May 20, 2022 3:58am
Quoting hesron
ONLY SMART MONEY CAN MAKE PRICE MANIPULATION / LIQUIDITY AND PRICE MOVEMENT{image} {image} {image}
LOL. You should have another go at marking swings for "trends", because you've made a mish-mash of several TFs as well as marked off only a piece of a specific TF and called it something else.

For example, your blue "fake trend" should really start at the prior swing low instead of that down spike where you started it; the spike is just that--an anomaly to be given very little weight in your trend analysis.

Then, the swings on H1 are actually the H2 swings as well. And the price moves up so far that it even swings up the H16 by the time that the swing high of May 17 is reached. (You show 3 swings to get there; the reality is 5 swings of H2.) After that high comes the EXPECTED pullback that you gave a single swing, but is actually 3 swings of H1. But note that the price moved down far enough to swing down H8 as well, so this was a very nice correction to that H16 up swing. So now that H8 has moved into the picture, then, unsurprisingly, the H8 made another up continuation swing (that you have as a single swing) to reach the last swing high. (On H1, there are 3 swings, but for H2 through H8, only a single swing. If you are not using a series of multiple TFs, then you COULD decide that last up swing was due to H2, or H4, or H8 swinging up, but only the last one is the correct choice.)

So you see that the first three swings that you marked are H2 swings, then the subsequent down and up are the single swings of H8; you clearly have mixed swings from 2 TFs to create a "fake trend". So rather than that being "fake" as in the "market manipulators" creating a trend to fool traders, it is "fake" simply because you assembled it from the wrong pieces and presented it as something that it is not. This is a common problem that arises with charting packages that have limited TFs available as well as when traders fail to examine multiple TFs in order to establish the swings and trends.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,796
  • May 20, 2022 4:14am May 20, 2022 4:14am
Quoting DrDave
{quote} LOL. You should have another go at marking swings for "trends", because you've made a mish-mash of several TFs as well as marked off only a piece of a specific TF and called it something else. For example, your blue "fake trend" should really start at the prior swing low instead of that down spike where you started it; the spike is just that--an anomaly to be given very little weight in your trend analysis. Then, the swings on H1 are actually the H2 swings as well. And the price moves up so far that it even swings up the H16 by the time...
Hi DrDave an image can speak like thousand words, please post a chart, I am missing the charting package too
Looking for profitable short term trades ...|
  • #1,214,797
  • May 20, 2022 5:17am May 20, 2022 5:17am
Quoting Js3mwtRc
{quote} Hi DrDave an image can speak like thousand words, please post a chart, I am missing the charting package too
I am missing the charting package too

NinjaTrader is a free one that has the option to create real custom TFs (not the fake custom TFs that you can create with MetaTrader).
To free Gazans of Hamas, use whatever it takes.
  • #1,214,798
  • May 20, 2022 5:46am May 20, 2022 5:46am
Quoting DrDave
{quote} I am missing the charting package too NinjaTrader is a free one that has the option to create real custom TFs (not the fake custom TFs that you can create with MetaTrader).
Does it have 8H charts?
Looking for profitable short term trades ...|
  • #1,214,799
  • May 20, 2022 5:56am May 20, 2022 5:56am
Quoting DrDave
{quote} LOL. You should have another go at marking swings for "trends", because you've made a mish-mash of several TFs as well as marked off only a piece of a specific TF and called it something else. For example, your blue "fake trend" should really start at the prior swing low instead of that down spike where you started it; the spike is just that--an anomaly to be given very little weight in your trend analysis. Then, the swings on H1 are actually the H2 swings as well. And the price moves up so far that it even swings up the H16 by the time...
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The Average Discount Everything
  • #1,214,800
  • May 20, 2022 6:01am May 20, 2022 6:01am
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The Average Discount Everything
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