If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,003
- Dec 9, 2022 11:09am Dec 9, 2022 11:09am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
In 45minutes, Im tightening some stops (at that moment, high of last five 15m candles +1)
We know this level all too well
mmm another evening star forming ? And channel still pursuing below, almost completely under ! Bears not out of the woods yet! Fun !
We know this level all too well
mmm another evening star forming ? And channel still pursuing below, almost completely under ! Bears not out of the woods yet! Fun !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,004
- Dec 9, 2022 11:16am Dec 9, 2022 11:16am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,445 Posts
EURUSD ready to break.
I am sure that this triangle is going to break next week and Tuesday is the most posible day as it coincides with the US CPI release but here the risk is for a sustained move and not just choppy price action. The solution is simple, I'll wait for the choppy part to stop and then search for signs of sustainable strength above highs and below lows.
Daily chart
I am sure that this triangle is going to break next week and Tuesday is the most posible day as it coincides with the US CPI release but here the risk is for a sustained move and not just choppy price action. The solution is simple, I'll wait for the choppy part to stop and then search for signs of sustainable strength above highs and below lows.
Daily chart
Looking for profitable short term trades ...|
- #163,005
- Dec 9, 2022 11:19am Dec 9, 2022 11:19am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
..We know this level all too well
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,007
- Dec 9, 2022 11:40am Dec 9, 2022 11:40am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #163,008
- Dec 9, 2022 11:48am Dec 9, 2022 11:48am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Today was a perfect example of my own usage of support that I started to explain here:
No 0550s support. But as we see on chart, 0530s does, thanks to Monday bulls
And actually, for me, 1H cycle isnt even over yet, so even 0530 didnt show 1H support today for me, but Monday's support forced me to consider it in my TPs shared live
. Its not better perspective, just a different one. And there are so many usable ones, so don't get me wrong. It's just one of the many ways I myself learned to react to price. I won't even get into MA support and resistance 
! Hope it was of interest and that a chart makes it clearer, cheers mates !
If you switch to the 1 hr chart and draw a support line at 1.0555 you'll see there's as good support level for the bulls. and its holding quite well, donot short around this area.
{quote}...I agree there is some sign of support here, but I prefer to wait for the cycle to end to say so. It could still break right through and arrive at 0530s support (Monday battle), which would erase any signs of 0550s support on the 1H. Price back within the high wicks of the day would be, for me, enough to say it is support level.
And actually, for me, 1H cycle isnt even over yet, so even 0530 didnt show 1H support today for me, but Monday's support forced me to consider it in my TPs shared live2H entry was 0558 SL high of last candle +2 TP*3 = mid(+-0536) low(+-0514) and Open. If stopped out, sell stop 0558 is reinstated, as simple as that. Ranging times permit.
{quote}{quote}Closing a couple here 0536
! Hope it was of interest and that a chart makes it clearer, cheers mates !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,009
- Dec 9, 2022 11:54am Dec 9, 2022 11:54am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,010
- Dec 9, 2022 11:58am Dec 9, 2022 11:58am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Again !
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,011
- Dec 9, 2022 12:07pm Dec 9, 2022 12:07pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,012
- Dec 9, 2022 12:17pm Dec 9, 2022 12:17pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
15min momentum setup up sell stop 05411 for a potential .05 Friday Miracle !
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,013
- Dec 9, 2022 12:28pm Dec 9, 2022 12:28pm
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
good weekend all
- #163,014
- Dec 9, 2022 12:33pm Dec 9, 2022 12:33pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,015
- Dec 9, 2022 12:42pm Dec 9, 2022 12:42pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,016
- Dec 9, 2022 12:45pm Dec 9, 2022 12:45pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,018
- Dec 9, 2022 12:54pm Dec 9, 2022 12:54pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Done... Nice weekend all
! I have the sweetest company these days, so will take advantage of it as well as I can also !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,019
- Dec 9, 2022 1:07pm Dec 9, 2022 1:07pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} And they did, at least from that 1min perspective. Well done bulls ! my 1H cycle almost over. For me, bulls need closings > 0560 to end it and, so it happens, weaken 15min down momentum at the same time! Any new 5min low -1pt is a scalp for me from here, each with TP4!
, good luck !Hey you! Bears ! I'm lowering the limbo stick now, whether you like it or not
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #163,020
- Dec 9, 2022 2:17pm Dec 9, 2022 2:17pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
5min ranging setup is back ! Sell stop 05496 TP9
It's Friday after all, take all the time you need
If I don't mention SL and/or TP = longer-term setup possibly in the works!