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EURUSD only

  • #158,461
  • Oct 6, 2022 6:27am Oct 6, 2022 6:27am
Quoting fxcontest
Bull Gone, Sell 0.9885 - 0.9884
Last Support : 0.9832 then South
TP : 0.9744 ...or... 0.9725
Holy Betting Grail strategy
  • #158,462
  • Oct 6, 2022 6:29am Oct 6, 2022 6:29am
Quoting duderoo1
{quote} can you post a link I am interested where you see this?
https://www.google.com/url?sa=t&sour...fGlH3OJCBUwxYv
  • #158,463
  • Oct 6, 2022 6:31am Oct 6, 2022 6:31am
Quoting Ata-Turkoglu
{quote} Fully agree... I benefited a little from this recent fall, but I didn't get a true bearish signal yet... No worries though, new signals are plenty.. Patience! Best wishes to you brother
So I'm curious, during the last 4 candles on the 4 hour chart, 3 formed a triple top with third one closing lower than the previous two. Do you not consider this to be a signal to sell?
  • #158,464
  • Oct 6, 2022 6:33am Oct 6, 2022 6:33am
Quoting fxpider
{quote} Thank you so much for the reply. Just curious about the fib level, WHY particularly 144 to 166. Is there any statistical reason? sorry to be a pain. just trying to find an exit strategy.
Yes... fibo 161.8 is the original level and highly important but it is precise and most of the time can't help traders who are addicted to precise levels.. I go a little more flexible because market is dynamic... I try to get out in a zone instead of a single level.. It is always better practice to leave some room to decide!

I hope it helps
Focus only on what truly matters!
  • #158,465
  • Oct 6, 2022 6:36am Oct 6, 2022 6:36am
Quoting fxpider
I am suffering from severe PE , I mean premature Exit . can someone please guide me on how to deal with this? if I hold on to trade then the SL gets hit however whenever I exit with a small profit.... it goes for a healthy run. Please help.
For me the best way to do this is to as you said, set your sl and tp and then most importantly, close your system... As long as the system or your mt4 on your phone is on, you will always be tempted.
From your question, I am assuming you are a day trader.
Risk comes from not knowing what to do
  • #158,466
  • Oct 6, 2022 6:39am Oct 6, 2022 6:39am
Quoting Boudain
{quote} So I'm curious, during the last 4 candles on the 4 hour chart, 3 formed a triple top with third one closing lower than the previous two. Do you not consider this to be a signal to sell?
Not with the system and timeframe (M30) I shared... But yes, if a trader uses multiple systems that fills the weak sides of the other, then one of these systems has probably already given a sell signal... The point was that I decided to follow one system and one timeframe..and speaking solely for that, I had to wait... (Don't worry I scalp shorted many times in between which I shy away from sharing!)

I hope it answers
Focus only on what truly matters!
  • #158,467
  • Oct 6, 2022 6:48am Oct 6, 2022 6:48am
Meanwhile: go bears go! They are probably targeting 0.9800 area...
Focus only on what truly matters!
  • #158,468
  • Oct 6, 2022 6:58am Oct 6, 2022 6:58am
Quoting fxcontest
Bull Gone, Sell 0.9885 - 0.9884
Thanks for this.

I had to confirm with my signals app and I was able to gulp $200+ in less than 30 mins
Please join me in my journey for 100 perfect trades. See my journal!
  • #158,469
  • Oct 6, 2022 7:04am Oct 6, 2022 7:04am
Quoting Js3mwtRc
I believe that it will stay inside the range until the NFP at Friday. {image} Have a great trading day ahead!
After it broke 0.9876 support it is targeting the levels of 0.9835 low, but a close inside the previous support now resistance (0.9876) will put in danger the bulls. The price that they should not pass and close above is 0.9894 (decision point) or 0.9927 is next then is my guess.

The US news are near!

Quoting Js3mwtRc
{quote} After it broke 0.9876 support it is targeting the levels of 0.9835 low, but a close inside the previous support now resistance (0.9876) will put in danger the bulls. The price that they should not pass and close above is 0.9894 (decision point) or 0.9927 is next then is my guess. The US news are near!
The news favored the bullish scenario.

Unemployment Claims 219K 205K 190K

Not good for USD.
Looking for profitable short term trades ...|
  • #158,470
  • Oct 6, 2022 7:49am Oct 6, 2022 7:49am
Quoting Js3mwtRc
{quote} After it broke 0.9876 support it is targeting the levels of 0.9835 low, but a close inside the previous support now resistance (0.9876) will put in danger the bulls. The price that they should not pass and close above is 0.9894 (decision point) or 0.9927 is next then is my guess. The US news are near! {quote} The news favored the bullish scenario. Unemployment Claims 219K 205K 190K Not good for USD.
not significant enough I think but let's see
  • #158,471
  • Oct 6, 2022 7:57am Oct 6, 2022 7:57am
Quoting investing101
{quote} not significant enough I think but let's see
I agree...

No much impact
Please join me in my journey for 100 perfect trades. See my journal!
  • #158,472
  • Oct 6, 2022 8:30am Oct 6, 2022 8:30am
Run bears run....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M30.png Size: 21 KB
Focus only on what truly matters!
  • #158,473
  • Oct 6, 2022 8:37am Oct 6, 2022 8:37am
Quoting Ata-Turkoglu
Run bears run....

Running from your 9919 level
PaRaM
  • #158,474
  • Oct 6, 2022 8:42am Oct 6, 2022 8:42am
So we have double bottom and created higher low structure on 1H
Attached Image (click to enlarge)
Click to Enlarge Name: doublebottom.png Size: 19 KB
  • #158,475
  • Oct 6, 2022 8:55am Oct 6, 2022 8:55am
I don't think it will be any retracement until it will touch 0.975xx
  • #158,476
  • Oct 6, 2022 9:02am Oct 6, 2022 9:02am
Enter the interesting part of the day perhaps???
  • #158,477
  • Oct 6, 2022 9:33am Oct 6, 2022 9:33am
Quoting investing101
{quote} not significant enough I think but let's see
Quoting fleps
{quote} I agree... No much impact
Both right! It stayed away from the 0.9894 decision point it just scared the bears, but they came back with a revenge

Now the bulls have to stay away from 0.9851! 0.9800 is where I see now.
Looking for profitable short term trades ...|
  • #158,478
  • Oct 6, 2022 9:35am Oct 6, 2022 9:35am
Quoting numbercutter
the rubber band of truth simply does not lie... the bounce will be immense. i go short with no stop and will keep going short until my position volume is heard within the deepest sea caverns {image}
simplifying my target... when the rubber band speaks, I listen
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
always shorting eu All Time Profit: $1,476
  • #158,479
  • Oct 6, 2022 9:57am Oct 6, 2022 9:57am
This is kinda like watchin' paint dry
  • #158,480
  • Oct 6, 2022 9:57am Oct 6, 2022 9:57am
NY Session EU Live Trading Video
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File Type: mp4 NY EU Session Video.mp4   4.0 MB | 367 downloads
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