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Level in Level out

  • #361
  • May 25, 2023 2:16pm May 25, 2023 2:16pm
SL hit this morning...
  • #362
  • May 25, 2023 5:25pm May 25, 2023 5:25pm
Let's see if the strong trend ends and in some retracement it makes us a profit. Until then the SL is our insurance
  • #363
  • May 25, 2023 11:18pm May 25, 2023 11:18pm
We should have a new sell limit around 1.0794, correct?
  • #364
  • Edited 6:03am May 27, 2023 2:55am | Edited 6:03am
Quoting Jewel1996
The current tradable levels on my chart: 1.10024 1.09314 1.08970 1.08440 1.07650 this being a trend week, we expect to see a tradable range next week. I may be wrong {image}
The current tradable levels on my chart:
1.08970
1.08440
1.07935
1.07504

Was not quite sure what to make of the 1.0712 buy level from where we have the current bounce and if 1.0750 is a sell level already.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 7 KB
  • #365
  • May 27, 2023 8:44am May 27, 2023 8:44am
I agree with you on the levels, except for the sale of 1.07504 I see it very close to the price and not yet as a level, although it can work perfectly with the movement so strong and without retracement that there has been.
  • #366
  • May 27, 2023 2:37pm May 27, 2023 2:37pm
The 0705 is a level and if it was not Friday right before closing hours I would have already been in this buy position now.
The 750 surely is a level to go short from.
As soon as market opens depending on where price open is I will place my orders on these levels.


GL
Stay the Course
  • #367
  • May 27, 2023 4:14pm May 27, 2023 4:14pm
Quoting nadi-fx
The 0705 is a level and if it was not Friday right before closing hours I would have already been in this buy position now. The 750 surely is a level to go short from. As soon as market opens depending on where price open is I will place my orders on these levels. GL
The 0705 buy level is not quite clear to me. may be you can help with a chart for more clarification?

Thank you
  • #368
  • May 27, 2023 4:29pm May 27, 2023 4:29pm
It's clear, initial bounce is solid two bold take-off candles, nice enough loop, and it is at the later stages of the trend to say the least... so solid to be tested.
Stay the Course
  • #369
  • May 27, 2023 4:49pm May 27, 2023 4:49pm
Quoting nadi-fx
It's clear, initial bounce is solid two bold take-off candles, nice enough loop, and it is at the later stages of the trend to say the least... so solid to be tested.
If we are looking at the highlighted candle, the low is 0707 and by the rules let say we add 5pips that comes to 0712. So I still don't understand the 0705 as entry for buy limit.
Thank you for your time
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 6 KB
  • #370
  • May 27, 2023 5:05pm May 27, 2023 5:05pm
Quoting Jewel1996
{quote} If we are looking at the highlighted candle, the low is 0707 and by the rules let say we add 5pips that comes to 0712. So I still don't understand the 0705 as entry for buy limit. Thank you for your time {image}
Yes that be correct if we were in it already... now that we are not you can take into account the new wick on the 2nd bounce and last close. (blue box shows)

This is just a rare case like this... otherwise is exactly how you measured it.
Attached Image (click to enlarge)
Click to Enlarge Name: qqqqqq.png Size: 2 KB
Stay the Course
  • #371
  • May 30, 2023 12:51am May 30, 2023 12:51am
0705 buy level already -23 pips
  • #372
  • May 31, 2023 10:27am May 31, 2023 10:27am
Quoting Jewel1996
{quote} The current tradable levels on my chart: 1.08970 1.08440 1.07935 1.07504 Was not quite sure what to make of the 1.0712 buy level from where we have the current bounce and if 1.0750 is a sell level already. {image}
just 2 sell limits left; 1.07935 and 1.07500

Did the shaded H4 candle qualify for placement of a buy limit at 1.0680 ish? I think it does but I missed it somehow
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 7 KB
  • #373
  • May 31, 2023 11:16am May 31, 2023 11:16am
I did place a purchase, but the price continues like a bearish rocket, with almost no retrocement to high levels with sales.
  • #374
  • Jun 1, 2023 2:11am Jun 1, 2023 2:11am
Quoting Jewel1996
{quote} just 2 sell limits left; 1.07935 and 1.07500 Did the shaded H4 candle qualify for placement of a buy limit at 1.0680 ish? I think it does but I missed it somehow {image}
I believe we have a new buy limit level at 1.06404.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 7 KB
  • #375
  • Jun 1, 2023 4:21am Jun 1, 2023 4:21am
Quoting Jewel1996
{quote} I believe we have a new buy limit level at 1.06404. {image}
Yes, I also have an order to buy at that level
  • #376
  • Jun 1, 2023 4:41pm Jun 1, 2023 4:41pm
Quoting Jewel1996
{quote} I believe we have a new buy limit level at 1.06404. {image}
7500 sell trade triggered. -11 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 7 KB
  • #377
  • Jun 1, 2023 6:30pm Jun 1, 2023 6:30pm
I'm short now at .0761 entered manually
Its all just one persons opinion
  • #378
  • Jun 2, 2023 12:13am Jun 2, 2023 12:13am
Quoting axecap
I'm short now at .0761 entered manually
I have closed the trade based on the structure and lack of movement last 8 hours......
I know that's not part of this system apologies to the OP
Its all just one persons opinion
  • #379
  • Jun 2, 2023 9:56am Jun 2, 2023 9:56am
A breather that gives the price, for the moment in favor of the sale of 1.07520, reaching 29.9 pips in favor, we will see if it continues, although today is already Friday...
You never know where a retracement can occur, but in a strong downtrend like the one we have seen it is dangerous to be ahead of the train with purchases (4 stoploss in a row), perhaps one possibility is to wait for the price to relax to go against it of the trend.
  • #380
  • Jun 5, 2023 8:52am Jun 5, 2023 8:52am
On Friday I closed the operation with a x1.5, since when carrying several SL I prefer to approach a 0 loss, and wait for new opportunities. New levels this week. Sell at 1.07740 and buy at 1.06390.

I hope all is well nadi-fx, what do you think?
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