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  • #160,241
  • Nov 2, 2022 1:25pm Nov 2, 2022 1:25pm
Meanwhile, on D1...

To me, what happened so far is that 0.9852 area has simply rejected bears... The rest was all noise...

Now: can bulls push price back above 0.9963?

If yes: Gartley D point: 1.0010 area might get retested..

If no: back to attacking 0.9852..

Powell and time will tell..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #160,242
  • Nov 2, 2022 1:32pm Nov 2, 2022 1:32pm
Bought

target is 1.01+
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #160,243
  • Nov 2, 2022 1:37pm Nov 2, 2022 1:37pm
Quoting ForexGoose
Bought target is 1.01+
Buying while powell speaks... yeah.. it might hurt! It is best not to trade for let's say 1 hour or so...
Focus only on what truly matters!
  • #160,244
  • Nov 2, 2022 1:38pm Nov 2, 2022 1:38pm
That drop from 0.9973 to 0.9930... Jesus Christ!
  • #160,245
  • Nov 2, 2022 1:39pm Nov 2, 2022 1:39pm
Quoting Ata-Turkoglu
{quote} Buying while powell speaks... yeah.. it might hurt! It is best not to trade for let's say 1 hour or so...
Yup better wait until everything settle back down
Patience, Emotion Control and Discipline.
  • #160,246
  • Nov 2, 2022 1:42pm Nov 2, 2022 1:42pm
Quoting Ata-Turkoglu
{quote} Buying while powell speaks... yeah.. it might hurt! It is best not to trade for let's say 1 hour or so...
buy dips
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #160,247
  • Nov 2, 2022 1:43pm Nov 2, 2022 1:43pm
Continuing with my regular M30 system...

I am marking 0.9909 as nearest support... Bulls have the upper hand while candles open above..
Focus only on what truly matters!
  • #160,248
  • Nov 2, 2022 1:44pm Nov 2, 2022 1:44pm
Quoting ForexGoose
{quote} buy dips
Sure, no worries.. direction is up... but no rush! Because whenever you rush you will end up in "emouuuuutionall dahhhhmmaaggggge"
Focus only on what truly matters!
  • #160,249
  • Nov 2, 2022 1:53pm Nov 2, 2022 1:53pm
Wow... what a roller coaster... so buying dips was the wrong idea as well... Good I stayed out!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #160,250
  • Nov 2, 2022 1:55pm Nov 2, 2022 1:55pm
Quoting Ata-Turkoglu
Wow... what a roller coaster... so buying dips was the wrong idea as well... Good I stayed out! {image}
I would still buy the dips towards the recent low.
  • #160,251
  • Nov 2, 2022 1:55pm Nov 2, 2022 1:55pm
Quoting Ata-Turkoglu
Wow... what a roller coaster... so buying dips was the wrong idea as well... Good I stayed out! {image}
Opps stopped out @ be again
didnt take almost 100 pips profit
Patience, Emotion Control and Discipline.
  • #160,252
  • Nov 2, 2022 1:59pm Nov 2, 2022 1:59pm
  • #160,253
  • Nov 2, 2022 2:01pm Nov 2, 2022 2:01pm
Quoting investing101
{quote} I would still buy the dips towards the recent low.
Why?

  1. Has Europe found new gas resources other than Russian gas?
  2. Is the war over?
  3. Have European seasons decided to skip winter?
  4. Has Germany published great numbers lately?
  5. Did EU Inflation numbers drop back to 1%?

With current situation, and even technically speaking, I don't see significant reason to buy dips... at least not for 2022... and especially not when US just hiked rates again...

Best wishes

Focus only on what truly matters!
  • #160,254
  • Nov 2, 2022 2:03pm Nov 2, 2022 2:03pm
Quoting Ata-Turkoglu
{quote} Why? Has Europe found new gas resources other than Russian gas? Is the war over? Have European seasons decided to skip winter? Has Germany published great numbers lately? Did EU Inflation numbers drop back to 1%? With current situation, and even technically speaking, I don't see significant reason to buy dips... at least not for 2022... and especially not when US just hiked rates again... Best wishes
I'm not a long term holder, FED signaled lower rate hikes as soon as next time. So that should lend momentary support.
  • #160,255
  • Nov 2, 2022 2:04pm Nov 2, 2022 2:04pm
Attached Image (click to enlarge)
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  • #160,256
  • Nov 2, 2022 2:05pm Nov 2, 2022 2:05pm
Quoting investing101
{quote} I'm not a long term holder, FED signaled lower rate hikes as soon as next time. So that should lend momentary support.
Yes my comment was for long-term and I hear you.. If you are a scalper then be my guest.. of course you might get some pips from buying low BUT to me it is still risky and I prefer it the other way around... selling as high as we can somehow feels safer..

Best wishes
Focus only on what truly matters!
  • #160,257
  • Nov 2, 2022 2:05pm Nov 2, 2022 2:05pm
Below 0.9860 Bull's Game Over
Holy Betting Grail strategy
  • #160,258
  • Nov 2, 2022 2:07pm Nov 2, 2022 2:07pm
you wish dude
  • #160,259
  • Edited 2:23pm Nov 2, 2022 2:07pm | Edited 2:23pm
What's up good people?

What a crazy day. I had been quietly accumulating longs since last Thursday, ranging from 9975 to 9875 as it was dropping. Was in drawdown the entire week. Had the chance to get out at 9954 or so the other day, but my target was parity. Anyway, I'm not a seer or anything but my gut told me we would see a huge spike higher today, regardless of the number. That's what happened and my positions started turning profitable.

Then I went on Twitter and saw a tweet by ICT where he suggested a trap was being laid for the bulls. Price was around 9945 at the time. I said to myself to forget parity and just get out now, so I did at 9949. At the time I had MT4 open and was *thinking* of setting my TP to 9960...the thought only lasted half a second, then I just clicked the X buttons and closed out the positions. 3/4 were profitable. Ten seconds later the price was at 9964 and I said whatever.

I was actually keeping an eye on the buyside liquidity levels as it was going up after the rate announcement, and the idea of a trap was in the back of my mind...but I was fixated on parity. I'm glad I read ICT's tweet today, or I'd be very pissed off right now.

Playing around on FOMC days is not wise. I shouldn't have done it, even though I came out looking good. It's just too damn risky. You gotta keep your finger on the exit button...or fuck around and find out what happens if you get greedy.
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  • #160,260
  • Nov 2, 2022 2:08pm Nov 2, 2022 2:08pm
Quoting TraderLeo876
Wassup Legends, I'm back again to sharing my ideas and setups. Haven't been on because I haven't found any setups that confirmed my bearish bias toward the market. I've realized that we had a nice bullish up-trend run in October but I was still bearish catching some of the Sell offs. I still have a lot to learn just having fun with this business. (Trial and error is the game). The more I fail, the more I learn tbh. Well here's my setup for today, I'm still bearish until proven guilty. 1st Image shows My 1HR Chart and the positions that I'll be taking...


Unfortunately, the news took me out. Numerous reasons why I lost.

After my positions got activated yesterday, I should have taken my 44pips profit at 11 am. But, instead, I decided to hold my position throughout the news. I had sell stops at 0.99600 and it got ran. Trials and errors.

With every failure, there's a lesson.

Safe Trading Legends.


IMAGE BELOW SHOWS THE MOVE OF THE NEWS (FOMC)
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"Risks Are Better Than Regrets"
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