Looking for profitable short term trades ...|
- #149,901
- Jun 10, 2022 5:30am Jun 10, 2022 5:30am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,532 Posts
- #149,902
- Jun 10, 2022 6:36am Jun 10, 2022 6:36am
- Joined May 2014 | Status: Full Time Trader | 27,309 Posts
Focus only on what truly matters!
- #149,903
- Jun 10, 2022 6:40am Jun 10, 2022 6:40am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,532 Posts
Looking for profitable short term trades ...|
- #149,905
- Jun 10, 2022 7:07am Jun 10, 2022 7:07am
- Joined Nov 2013 | Status: Trader | 1,192 Posts
I used to be indecisive but now I'm not so sure...
- #149,906
- Jun 10, 2022 7:26am Jun 10, 2022 7:26am
- Joined Sep 2017 | Status: Trader | 4,500 Posts
{image}{image}
- #149,908
- Jun 10, 2022 7:35am Jun 10, 2022 7:35am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
price is going up momentum is gaining
...because you never know - until you do!
- #149,910
- Jun 10, 2022 7:46am Jun 10, 2022 7:46am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
been a while since I posted, went long at 1.0545 hard SL 25 pips but will exit if price reaches my entry point again, I expect this to rocket upwards or I'm bailing
I'm of the opposite mindset - I'm waiting for Legarde to speak and watch the Euro fall like a rock.
Not that I believe it now but I'll post it anyway...
...because you never know - until you do!
- #149,911
- Jun 10, 2022 7:50am Jun 10, 2022 7:50am
- Joined May 2014 | Status: Full Time Trader | 27,309 Posts
Based on H1, 1.0545 is a tough nut! Therefore, even if it provides solid support, I don't believe that the hours left before end of week will be long enough to see bulls rallying.. They probably have to wait until next week for some NASA action! 
Just thinking out loud!
Just thinking out loud!
Focus only on what truly matters!
- #149,912
- Jun 10, 2022 7:55am Jun 10, 2022 7:55am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
price is going up momentum is gaining
Look at this 2 min chart as it clearly shows the dead cat bounce from bottom up to 50% re-tracement (which is where I sold).
...because you never know - until you do!
- #149,916
- Jun 10, 2022 8:37am Jun 10, 2022 8:37am
been a while since I posted, went long at 1.0545 hard SL 25 pips but will exit if price reaches my entry point again, I expect this to rocket upwards or I'm bailing
My decisions are made on the long time frame but here's the 1 min chart: 1 indicates my initial entry, 2 indicates my exit, 3 is my new entry and 4 is where my hard stop is at. Expecting either a strong bull move in the next 2-3 hours where I'll consider holding, a very weak bull push where I'll exit and try to get a better entry on Monday, or a small trickle downwards where I'll look to cut my loss.
Because I have a bias for bulls in the long run, I'm expecting this news + what happens after as an accumulation or a quick bear trap. If it's the bear trap, we'll see a reversal quickly. If it's an accumulation, we'll see a small bullish action followed by some stop hunt Monday before blasting up. Anything else, I'm just wrong and I'll take my loss
- #149,917
- Jun 10, 2022 9:18am Jun 10, 2022 9:18am
- Joined May 2014 | Status: Full Time Trader | 27,309 Posts
What confused me most is the multiple Elliott wave scenarios for DAILY.. (Actually Scenario A and B have the same effect but numbering is different!)
Will 1.0487/1.0515 area be the stopper and cause a bounce up? Or will it continue lower to complete a deeper wave 3? All causing second thoughts.. Just wanted to share.. That's why it is best to go step by step intraday wise..
Will 1.0487/1.0515 area be the stopper and cause a bounce up? Or will it continue lower to complete a deeper wave 3? All causing second thoughts.. Just wanted to share.. That's why it is best to go step by step intraday wise..
Focus only on what truly matters!
What confused me most is the multiple Elliott wave scenarios for DAILY.. (Actually Scenario A and B have the same effect but numbering is different!) Will 1.0487/1.0515 area be the stopper and cause a bounce up? Or will it continue lower to complete a deeper wave 3? All causing second thoughts.. Just wanted to share.. That's why it is best to go step by step intraday wise..
Half of the time, the market is building resistance and support levels, and