got 0.940-.0960 slowdown
.0954 short tp .0910
.0954 short tp .0910
- #177,622
- Aug 8, 2023 8:33am Aug 8, 2023 8:33am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts | Online Now
Focus only on what truly matters!
- #177,623
- Aug 8, 2023 8:41am Aug 8, 2023 8:41am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #177,624
- Aug 8, 2023 9:06am Aug 8, 2023 9:06am
- Joined Dec 2015 | Status: Trader | 2,586 Posts
Perfection is the enemy of good enough!
- #177,626
- Aug 8, 2023 9:09am Aug 8, 2023 9:09am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
Looking for profitable short term trades ...|
Good luck to all of you friends I see a high chance of a rise to the 1.0992 range before a significant drop
Could you please explain for me your rationale for your above statement? Is that based on technicals or fundamentals?
From a macro- perspective I think that the market is being spooked by the rumors that USA inflation is going to resume and that the FED is not done cutting rates - to which I say boulderdash!
{quote} Erkat, Could you please explain for me your rationale for your above statement? Is that based on technicals or fundamentals? From a macro- perspective I think that the market is being spooked by the rumors that USA inflation is going to resume and that the FED is not done cutting rates - to which I say boulderdash!
Half of the time, the market is building resistance and support levels, and
- #177,632
- Aug 8, 2023 10:51am Aug 8, 2023 10:51am
{quote} Buy at 1.09400 Trades will be closed at 50% of the wave and the rest will remain open for higher targets Shorts on the monthly pivot are also risk free. SL = BE {image} Have a nice week and see you next week Good luck
On 4h tf, are you still looking for short, or you have closed half of your position and looking for buying opportunities?
you have share so many useful charts but I kind of got confused about your perspective in 4h tf.
My point of view on this is, we shouldn't look for retr above 1.0965 and momentum is also against any bull run. For now, I would sell at these levels and eventually we will break the 1.0917 and goes towards the area that been looking for while which is 1.0880-1.08840 to buy - The falling edge of the current channel must resist and not let the price to goes up a lot for now!
- #177,633
- Aug 8, 2023 10:52am Aug 8, 2023 10:52am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,430 Posts
{quote} Relatively new to forex, should I be holding long if it breaks 1.09500, rather worried abt my trade position so any advice is great
Looking for profitable short term trades ...|
- #177,634
- Aug 8, 2023 11:22am Aug 8, 2023 11:22am
- Joined Jun 2018 | Status: Trader | 3,083 Posts
Mr. WICK is waiting!!! {image}
{quote} Think of birds.... You start observing them... and every morning at 5am you notice they start chirping crazily inside the trees.. You wake up the next morning and you notice they do it again... the next morning again... the next morning again... after months still the same... Now you write a book: "The chirping patterns of birds"... One shares the chart in that book and draws a line based on this book's observations... Then a member named 9jatrader comes and asks: Do these birds obey your drawings?No! The birds do their regular thing....
- #177,638
- Aug 8, 2023 11:57am Aug 8, 2023 11:57am
- Joined May 2014 | Status: Full Time Trader | 27,111 Posts | Online Now
Focus only on what truly matters!
- #177,640
- Edited 12:41pm Aug 8, 2023 12:13pm | Edited 12:41pm
- Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts
{quote} I'm not sure If I was able to follow you on this today! On 4h tf, are you still looking for short, or you have closed half of your position and looking for buying opportunities? you have share so many useful charts but I kind of got confused about your perspective in 4h tf. My point of view on this is, we shouldn't look for retr above 1.0965 and momentum is also against any bull run. For now, I would sell at these levels and eventually we will break the 1.0917 and goes towards the area that been looking for while which is 1.0880-1.08840...
I am looking for both selling points & buying points. Even 10 to 30 pips
The price isn't going to fall sharply or rise sharply (these things rarely happen). It usually doesn't go out of its own sinusoidal motion.
I close the first trade with more lot in 10 pip target.
If the price rises & doesn't hit my stop, I will close the rest of the trades at 50% of the 15M wave (around 1.097) & risk-free the rest (so that if it goes to higher levels, I can get more profit.) If I returned, I ended up leaving with less profit.
I had opened shorts in the M pivot on Friday. It was both the MP & the same level as the daily Fibo level & .... which I closed part of at 1.09555 (Daily Fibo 50 - Bigger wave) today. The rest are risk free.
My look is falling in general. I have a weekly bearish pattern. But the weekly scale is very different from daily & 4H. The price can go back to 1.108 & even to 1.115
The bullish pattern in 4H hasn't been broken yet. If it is violated, I will remove the bullish look, but not yet.
If the price breaks the level of 1.0937 (close, not shadow), it will fall to the level of 1.09 & even lower.
My trades are complicated. I tried to explain clearly. I apologize if they are unclear
(My teacher always said to take unlimited rides from the market. it is a good horse
)This may be different from everyone's trading style & they may think it's crazy, but I have a lot of fun with it
I talked a lot
have a nice day There is nothing wrong with being kind & loving to each other