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EURUSD

  • #1,215,361
  • May 31, 2022 7:49am May 31, 2022 7:49am
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yes yes yes
  • #1,215,362
  • May 31, 2022 7:57am May 31, 2022 7:57am
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I am cashing my longs in $JY now at ~128.60

  • #1,215,363
  • May 31, 2022 8:05am May 31, 2022 8:05am
I wouldn't rule out a test of the 101 support level yet this week, but bulls are still in control of the dollar trend
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,215,364
  • May 31, 2022 8:24am May 31, 2022 8:24am
Quoting DrDave
{quote} M15 price has closed high enough to signal the up swing as yet another up continuation. However, smaller TFs are not aggressively sending up price, and considering that D2 is overdue to swing down, on the sidelines until at least M5 goes into a down trend.
D2 is overdue to swing down...

And the lower TFs swing down starting late yesterday. Currently, the progression toward the D2 down swing has reached H8.
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To free Gazans of Hamas, use whatever it takes.
  • #1,215,365
  • May 31, 2022 8:28am May 31, 2022 8:28am
Quoting Leong
Looking for fast long opportunity {image}
If you are looking for a quick long opportunity on H1, then that would be a counter-trend trade on that TF. So instead, why don't you look at much lower TFs, like M5, for better probability of successful buying??
To free Gazans of Hamas, use whatever it takes.
  • #1,215,366
  • May 31, 2022 8:38am May 31, 2022 8:38am
Quoting DrDave
{quote} If you are looking for a quick long opportunity on H1, then that would be a counter-trend trade on that TF. So instead, why don't you look at much lower TFs, like M5, for better probability of successful buying??
Why would trading on a lower time frame like M5 be better? That is like gambling. Opening a trade and then closing it 5 minutes later makes no sense. The EUR trend is bearish. It makes more sense to sell rallies on the daily or weekly chart to increase the probability for profit.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,215,367
  • May 31, 2022 8:49am May 31, 2022 8:49am
Europe is absolutely f*ked - committing suicide:
Inserted Video
  • #1,215,368
  • May 31, 2022 9:05am May 31, 2022 9:05am
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  • #1,215,369
  • May 31, 2022 9:19am May 31, 2022 9:19am
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yes yes yes
  • #1,215,370
  • May 31, 2022 9:23am May 31, 2022 9:23am
Quoting ForexGoose
{quote} Why would trading on a lower time frame like M5 be better? That is like gambling. Opening a trade and then closing it 5 minutes later makes no sense. The EUR trend is bearish. It makes more sense to sell rallies on the daily or weekly chart to increase the probability for profit.
Why would trading on a lower time frame like M5 be better [than on H1 or higher when looking at counter-trend trading]?

You said "Looking for fast long opportunity". That is a counter-trend trade. Counter-trend swings OFTEN are short-lived, don't reach projected profit target, and end with a sudden direction change. Therefore, because there are many more bars on smaller TFs, such as M5, to evaluate the unfolding the H1 retracement swing, these "problems" with the retracement swings are mitigated because the smaller TF MUST be in a TREND in the direction of the higher TF's retracement swing, providing the advantage of TREND TRADING instead of counter-trend trading.


It makes more sense to sell rallies on the daily or weekly chart to increase the probability for profit
If those TFs are in down trends, then of course it makes sense. But that was not what you were talking about: "Looking for fast long opportunity" (on a TF that is in a down trend).
To free Gazans of Hamas, use whatever it takes.
  • #1,215,371
  • May 31, 2022 9:43am May 31, 2022 9:43am
Pretty fast day +1R EURUSD and +1R Nasdaq smoooth

full session https://sharevision.com/video/aMrLOb

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SDTAG
  • #1,215,372
  • May 31, 2022 9:44am May 31, 2022 9:44am
Quoting F.g
{image} I am cashing my longs in $JY now at ~128.60
This trend is still up!
Looking for profitable short term trades ...|
  • #1,215,373
  • May 31, 2022 10:02am May 31, 2022 10:02am
Quoting Robinhood1
{quote} {image}
updating

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POSTMASTER
  • #1,215,374
  • May 31, 2022 10:25am May 31, 2022 10:25am
It bounced. More downtrend below todays low. Above here 0758 should hold, or more upside is waiting.

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Looking for profitable short term trades ...|
  • #1,215,375
  • May 31, 2022 10:39am May 31, 2022 10:39am
Quoting Js3mwtRc
{quote} This trend is still up!
It might be , man . . . . but without me . . . I am busy counting $$$ in the bank . . . .

  • #1,215,376
  • May 31, 2022 10:59am May 31, 2022 10:59am
Quoting F.g
{quote} It might be , man . . . . but without me . . . I am busy counting $$$ in the bank . . . .
You should spend it, on ... Oil, or gazoline!
Looking for profitable short term trades ...|
  • #1,215,377
  • May 31, 2022 11:08am May 31, 2022 11:08am
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  • #1,215,378
  • May 31, 2022 11:15am May 31, 2022 11:15am
Quoting Js3mwtRc
It bounced. More downtrend below todays low. Above here 0758 should hold, or more upside is waiting. {image}
this old strategy is great, don't put it aside, but what everyone is using is not going to work the way it should.
new ideas require a new strategy. so I think there is something to think about.
it is not a crime but a constructive critique.
  • #1,215,379
  • May 31, 2022 11:31am May 31, 2022 11:31am
Quoting tiborf71
{quote} this old strategy is great, don't put it aside, but what everyone is using is not going to work the way it should. new ideas require a new strategy. so I think there is something to think about. it is not a crime but a constructive critique.
Its not exactly by the rules, but its very old, I agree.

I will leave the more and new ideas to the forum, so more people can bring more info, this is why I share! I have more of them with every post I make.

Thanks for the critique tiborf71 - which I hate, but I need it too, so I can see how others think about my graphs and develope them for the better, I hope!

Maybe you should share more of your ideas in charts so we can all benefit, or maybe not a good idea. Your choice!

You are welcome.
Looking for profitable short term trades ...|
  • #1,215,380
  • May 31, 2022 11:39am May 31, 2022 11:39am
Quoting Js3mwtRc
{quote} Its not exactly by the rules, but its very old, I agree. I will leave the more and new ideas to the forum, so more people can bring more info, this is why I share! I have more of them with every post I make. Thanks for the critique tiborf71 - which I hate, but I need it too, so I can see how others think about my graphs and develope them for the better, I hope! Maybe you should share more of your ideas in charts so we can all benefit, or maybe not a good idea. Your choice! You are welcome.
there are much clever strategies posted on the ff pages just don't have to be lazy.my always the basic idea should be good, the rest can be further developed.
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