Half of the time, the market is building resistance and support levels, and
Cable Update (GBPUSD)
- #761,022
- Jul 25, 2023 2:07pm Jul 25, 2023 2:07pm
- | Membership Revoked | Joined Nov 2022 | 1,789 Posts
- #761,025
- Jul 25, 2023 2:31pm Jul 25, 2023 2:31pm
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Thank you very much my dear friend for your good analysis In your opinion, after the price reaches the range of 1.2930, there is still a possibility of price growth, or should we wait for a drop to lower levels, as shown in the picture below? {image}
Let me zoom out to my 4hr chart. When I get into a cyclic up move which my 4hr chart is showing hints of, it means serious pips for me. If we close above my weekly pivot at weekend and more specifically over 1.3000 we could be in for a serious up move towards 1.3250. A bounce back down below my weekly pivot at 1.2930 and more specifically below 1.2800 could signify a test of 1.2750 or even 1.2500 an important quarterly level. It is impossible to predict these moves and we have to take it step by step,
Cheers.
Trade to trade another day
{quote} Erkat, thank you for your enthusiasm, but you are getting way ahead of me
Half of the time, the market is building resistance and support levels, and
- #761,030
- Jul 25, 2023 2:50pm Jul 25, 2023 2:50pm
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
Trade at your own risk.
- #761,032
- Jul 25, 2023 3:04pm Jul 25, 2023 3:04pm
- Joined May 2021 | Status: Trader | 7,225 Posts
{quote} LuxAlgo?
People don't plan to lose. They lose because they don't plan.
- #761,033
- Jul 25, 2023 3:22pm Jul 25, 2023 3:22pm
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
{quote} you wanna backtest?
I still trade FX but I'm not sure that I could get a 7,714% return in 4 years with FX.
This should resolve/settle all of your jealous, sarcastic, stupid, unproductive comments and we can all finally get some peace and quiet.
Trade at your own risk.
- #761,034
- Jul 25, 2023 3:33pm Jul 25, 2023 3:33pm
The only method that has worked for me thus far has created a 10% DD in the last two days. The move up has brought me to break even. If it moves up (even after a decent retrace) tomorrow, then I make money. If it reverses now, I lose this progress and start again.
I have no clue where it's going
As a BTMM Trader, catching Peak(Green Arrow) is not my "thing"
cos it's not really easy to catch Peaks(it's not impossible either) and it could go sour too. Although, I do catch it sometimes but not often but I'm never sad if I don't catch it
.
But where price is now according to my system, I can see The Peak has been "locked!" (Locked Peak is characterised by EMA 50 and 200 upward Cross on 15M Timeframe) Hence I anticipated my signature trade called "Safety Trade" tomorrow
and here's how it works...
I anticipate price to retrace/sell back to EMA 200 tomorrow, then I'll start buying GU for btw 30 pips and 50 pips!
NB: However, price might break below EMA 200(Black EMA) and might even go as far as retesting the new Peak, but inasmuch as the peak is not taken out, my trade would still be valid!
This is a personal trade call...you're also to do your own analysis.
cos it's not really easy to catch Peaks(it's not impossible either) and it could go sour too. Although, I do catch it sometimes but not often but I'm never sad if I don't catch it.But where price is now according to my system, I can see The Peak has been "locked!" (Locked Peak is characterised by EMA 50 and 200 upward Cross on 15M Timeframe) Hence I anticipated my signature trade called "Safety Trade" tomorrow
and here's how it works...I anticipate price to retrace/sell back to EMA 200 tomorrow, then I'll start buying GU for btw 30 pips and 50 pips!
NB: However, price might break below EMA 200(Black EMA) and might even go as far as retesting the new Peak, but inasmuch as the peak is not taken out, my trade would still be valid!
This is a personal trade call...you're also to do your own analysis.
- #761,036
- Jul 25, 2023 3:43pm Jul 25, 2023 3:43pm
- Joined Oct 2020 | Status: Trader | 14,004 Posts
Insane in the Brain..
- #761,037
- Jul 25, 2023 3:45pm Jul 25, 2023 3:45pm
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
Trade at your own risk.
plays out
- #761,040
- Jul 25, 2023 5:23pm Jul 25, 2023 5:23pm
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
