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  • #170,801
  • Apr 18, 2023 2:09pm Apr 18, 2023 2:09pm
Quoting Sctay
{quote} To be clear when do you think the market will hit 1.1? Is it on it's way now or will there be bears before then? I'm quite new to trading and I look to this website for guidence. Reading charts isn't exactly second nature to me, and my forex jargon isn't totally up to scratch lol, but it looks to me like it could go down to 0960 area or below before that happens.
Right now, a lot of pressure from 2H down momentum + price resisting below the 12H bear low of the highest of peaks(thanks to last Friday), and all within my most probable reversal level for my position trading ... That could change very fast. A simple candle opening and closing >0980 and that momentum is shaken and that particular setup goes out the window. That is just one of many examples.

If I shared any particular insight that is not clear, dont be shy, just ask and I will be happy to try to make it clearer, and with a chart if necessary. In the meantime, I encourage you to make it a habit to spot whatever is shared here on your chart. You will be amazed by what one can learn with time by doing only that.

Hope it helps mate, and thank you for sharing! cheers !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #170,802
  • Apr 18, 2023 2:43pm Apr 18, 2023 2:43pm
Quoting mtako
{quote}Or sell stop 09703...
your target is 2 pips.?
  • #170,803
  • Apr 18, 2023 2:55pm Apr 18, 2023 2:55pm
Quoting Adalberto
{quote} your target is 2 pips.?
? from which post do you see that?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #170,804
  • Apr 18, 2023 2:57pm Apr 18, 2023 2:57pm
Quoting mtako
{quote} Right now, a lot of pressure from 2H down momentum + price resisting below the 12H bear low of the highest of peaks(thanks to last Friday), and all within my most probable reversal level for my position trading ... That could change very fast. A simple candle opening and closing >0980 and that momentum is shaken and that particular setup goes out the window. That is just one of many examples. If I shared any particular insight that is not clear, dont be shy, just ask and I will be happy to try to make it clearer, and with a chart if necessary....
Thanks mate, appreciated. Believe me I'm here to learn as much as possible. I actually made my account here last year, made a few posts then stopped because I blew my account. I hear that happens a lot haha. I was basically in that whole 'make money fast' mindset and you quickly learn how fast that can go tits up for you lol. I'm only fairly confident with scalping at the moment as long term trades tend to be risky for me, and I lose sleep over them. That said, if what I see here helps me improve then i'm up for it.
  • #170,805
  • Apr 18, 2023 2:59pm Apr 18, 2023 2:59pm
Quoting mtako
{quote}? from which post do you see that?
Most of them... Because I see your posts in every short period of time and apparently it seems that your target is very narrow
  • #170,806
  • Apr 18, 2023 3:42pm Apr 18, 2023 3:42pm
Up or down? Place your bet
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Patience, Emotion Control and Discipline.
  • #170,807
  • Apr 18, 2023 3:53pm Apr 18, 2023 3:53pm
Down
Quoting johncen
Up or down? Place your bet {image}
  • #170,808
  • Apr 18, 2023 3:55pm Apr 18, 2023 3:55pm
Quoting Sctay
{quote} Thanks mate, appreciated. Believe me I'm here to learn as much as possible. I actually made my account here last year, made a few posts then stopped because I blew my account. I hear that happens a lot haha. I was basically in that whole 'make money fast' mindset and you quickly learn how fast that can go tits up for you lol. I'm only fairly confident with scalping at the moment as long term trades tend to be risky for me, and I lose sleep over them. That said, if what I see here helps me improve then i'm up for it.
I also went more or less blindly with high leverage when I started. That was over 15 years ago. With time, I have changed my trading greatly, and adapted risk management to my trading throughout. The trader I was then would not believe the trader I am now.

Good news ! You are in the right thread for intraday trading. Stay open-minded and curious like you are, stay creatively and scientifically minded with your analysis and strategy development, and you will make it.

Wishing you the very best Sctay!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #170,809
  • Apr 18, 2023 4:08pm Apr 18, 2023 4:08pm
Good evening, hope you're great. For tomorrow, I have 1.0990 as resistance, and 1.0954 as support;
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  • #170,810
  • Edited 9:24pm Apr 18, 2023 7:52pm | Edited 9:24pm
Quoting Billionaireu
Down{quote}
seems like we are going up

let see how effective 0982 resistance level is.

update:

0982 remain active
now let see if 0960ish supports

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Patience, Emotion Control and Discipline.
  • #170,811
  • Edited 1:06am Apr 19, 2023 12:38am | Edited 1:06am
watching pa , yesterday unable to correct giving sideways / ranges ! so now as in still yesterdays short , watching 0962 breaks for 0942 signal for 0912 or previous liow to play high 1000 again if all ok . anyway very big price divergence now in hand for bear action , since price at 0713 !! so it can go below that level next days even if top cleared some how ! take care
a news times spike up !! better top clearer to restart !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,812
  • Apr 19, 2023 12:52am Apr 19, 2023 12:52am
Good morning folks. The weather @ my place is greyish and rainy. One would love to stay in bed. And looking at the graph tells me there is no good trade for me as of now. Are we going to see attempt nr. 3 as regards the resistance that sits at around 1.0982? Perhaps...
My bias is already slightly bearish, but that can only be the impressoion that the market makers want us to get.
Hence I am staying on the sidelines for some time.
But if a failure nr. 3 is in the stars, then I will be selling right after that happens.
  • #170,813
  • Apr 19, 2023 1:46am Apr 19, 2023 1:46am
Quoting yvestrcz
Good morning folks. The weather @ my place is greyish and rainy. One would love to stay in bed. And looking at the graph tells me there is no good trade for me as of now. Are we going to see attempt nr. 3 as regards the resistance that sits at around 1.0982? Perhaps... My bias is already slightly bearish, but that can only be the impressoion that the market makers want us to get. Hence I am staying on the sidelines for some time. But if a failure nr. 3 is in the stars, then I will be selling right after that happens.
Okay, I have sold some. TP 1.0925.
  • #170,814
  • Apr 19, 2023 1:47am Apr 19, 2023 1:47am
Quoting Ata-Turkoglu
{quote} You are never alone... I am reading every post in the background
Ata do u ever sleep !
  • #170,815
  • Apr 19, 2023 2:01am Apr 19, 2023 2:01am
Quoting yvestrcz
Good morning folks. The weather @ my place is greyish and rainy. One would love to stay in bed. And looking at the graph tells me there is no good trade for me as of now. Are we going to see attempt nr. 3 as regards the resistance that sits at around 1.0982? Perhaps... My bias is already slightly bearish, but that can only be the impressoion that the market makers want us to get. Hence I am staying on the sidelines for some time. But if a failure nr. 3 is in the stars, then I will be selling right after that happens.
Sounds like a reasonable plan. What do you use for confirmation for such a failed attempt (failure #3)? Thanks!
  • #170,817
  • Apr 19, 2023 2:52am Apr 19, 2023 2:52am
Market currently forming patterns, no clear buy or sell for me but it will come soon and will post it here.
Everything else pretty much the same as I said yesterday. While 44 is intact possibility for upward action and first target is 88.
1.1150 is still the main target, question is, will we go to 1.0860 before the upward move starts.
We watch the charts from every angle so you don't have to!!
  • #170,818
  • Apr 19, 2023 3:04am Apr 19, 2023 3:04am
The last 2 hours where good for a little bit of scalping
Keep trading and learning or keep learning and trading!
  • #170,819
  • Apr 19, 2023 3:37am Apr 19, 2023 3:37am
Greetings traders, for today, this is how I see the market playing out.
We will have a move to 1.09146 If and only if price breaks 1.09425. Bulls should kick in at that price (1.09146) targeting 1.10380.
This week might close bearish because of the inside weekly bar we had few weeks back
Risk comes from not knowing what to do
  • #170,820
  • Edited 3:55am Apr 19, 2023 3:42am | Edited 3:55am
Still hoping it will go up.
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