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  • #179,121
  • Aug 28, 2023 10:06am Aug 28, 2023 10:06am
A slow day. Price needs to break out of downtrend on M15 from Aug 22. During that time 1.0790 will be critical support. Coming out of either will determine the next trend. Ignore it and go to sleep. Good luck
Keep the faith and keep going
  • #179,122
  • Aug 28, 2023 10:16am Aug 28, 2023 10:16am
Quoting Economical
{quote} Thank you brother just wanted to ask more experienced people about my thoughts
My pleasure mate. You are doing what I wish I could have done half as much in my beginnings. Taking advantage of different views and experiences, learning freely, and experimenting on them.

Again buy stop 0807 TP5, 4th time !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,123
  • Aug 28, 2023 10:33am Aug 28, 2023 10:33am
Quoting mtako
{quote}If I may make a suggestion. Use the lowest possible unit of trading, lowest leverage, and focus 100% on your trading skills and learning, regardless of $. That will open doors to explore different risk management approaches adapted to your well enough developed strategies. Don't force the market. Take what you can with what you have today. With time, effort, work and more, you will have more tools to take a bit more and risking less. But today, Mr.Price will take what he can, his skills compared to yours, and will not have it otherwise ....
Thank you for your thoughtful words, I appreciate it. Although I've been monitoring my positions since this morning (with around 10 open positions on different currency pairs and proper risk management in place), I must admit I'm a bit disappointed. Unfortunately, I neglected to set up trailing stop losses, which proved to be crucial during this volatile period. As a result, my profits quickly declined, and some positions even turned negative. It's worth noting that my technical analysis was accurate, but I'm bewildered by the sudden and random spikes in volatility that seem to occur at unpredictable times, possibly targeting stop losses. I've only been trading for three months, so there's still much for me to learn. Interestingly, the positions are now recovering from the volatility, with most of them back in the green, except for two that were stopped out just a few pips away. The rapid decline in profits within a matter of minutes was truly shocking. I can't help but wonder why the opposite doesn't happen, where profits increase as rapidly as they decrease. Perhaps this is because I correctly predicted the price movement, but it seemed planned for our stop losses to get hit with a sudden influx of huge volume entering the market. This experience has taught me valuable lessons, particularly the importance of paying more attention to trailing stop losses. Once again, thank you!
  • #179,124
  • Aug 28, 2023 11:40am Aug 28, 2023 11:40am
end of day surprise?
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,125
  • Aug 28, 2023 11:53am Aug 28, 2023 11:53am
nom nom nom 5 pips up. 5 pips down. 5 pips up. 5 pips down. nom nom nom
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  • #179,126
  • Aug 28, 2023 11:58am Aug 28, 2023 11:58am
the above was not the surprise I was referring to, apologies, this late upmove was, just enough for another tp hit
Quoting mtako
{quote}Triggered at last ! Reciprocity action is on ! Well done bears !Buy stop 08025 TP6 again !
+6!
Quoting mtako
{quote}Again! Buy limit 0799 TP10, and buy stop 08015, for the future.
+10
Quoting mtako
3rd time placing these golden nuggets : Again! buy stop 0806 TP10 Again buy stop 0807 TP5! Buy stop 08088 TP8 again! Buy stop 08137 TP5! ! Ahhh dear ranging, I do love you so ! Buy stop 08144 TP6! Bull love is in the air again {image}
+5
Quoting mtako
{quote}My pleasure mate. You are doing what I wish I could have done half as much in my beginnings. Taking advantage of different views and experiences, learning freely, and experimenting on them. Again buy stop 0807 TP5, 4th time !
+5

That is all for my Monday sharing. Take good care and don't forget that there is a loving Taco out there for each and everyone of you ! Stay positive always, stay inspired, true to the limits of your knowledge and rules and plans, stay open-minded for more growing potential, and never stop trying, perseverance being another habit and skill to be developed and nurtured!

Cheers dear friends !!!

P.S some of you might wonder... Yes! even after all these hours, I am still dancing away with joy, compassion and laughter, but not into a new position, into a sweet deep slumber.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,127
  • Aug 28, 2023 12:07pm Aug 28, 2023 12:07pm
Funny Facts,

this is EU weekly with GANN Natural Price Levels (aka dollar division)
major levels are 1250 pips, minor levels are 156.25 pips . in forex market these are HUGE moves, right!!

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but in Exchange Market it's only 12.5 cents and 1.5625 cent
"the public is not yet ready for it" W.D. GANN
  • #179,128
  • Aug 28, 2023 1:16pm Aug 28, 2023 1:16pm
What has caused so much volatility??
  • #179,129
  • Aug 28, 2023 2:05pm Aug 28, 2023 2:05pm
Quoting Economical
What has caused so much volatility??
not sure if your question for me, but if it is:

this is how price move, in waves uptrend/downtrend.

but the chart I posted is for the weekly TF, if yearly period separator added, you'll see it's considered a sideway move in range of 2500 pips in the last 8 years.

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"the public is not yet ready for it" W.D. GANN
  • #179,130
  • Aug 28, 2023 2:36pm Aug 28, 2023 2:36pm
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Watching the DXY for a possible top failure which - IMO - would open the way for a substantial setback.
What do you guys think?!?
Don't follow my trades. Challenge my Analysis!
  • #179,131
  • Aug 28, 2023 2:50pm Aug 28, 2023 2:50pm
Quoting Kwt4x
{quote} not sure if your question for me, but if it is: this is how price move, in waves uptrend/downtrend. but the chart I posted is for the weekly TF, if yearly period separator added, you'll see it's considered a sideway move in range of 2500 pips in the last 8 years. {image}
Thank you brother
  • #179,132
  • Aug 28, 2023 3:02pm Aug 28, 2023 3:02pm
Short on EURUSD
A few pips a day keeps the debt collector away
100k All Time Profit: £35,592
  • #179,133
  • Aug 28, 2023 3:16pm Aug 28, 2023 3:16pm
I was targeting the asian lows in the london session, however we took partials and got out at BE. Not complaining
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  • #179,134
  • Aug 28, 2023 4:09pm Aug 28, 2023 4:09pm
Quoting sajad.g
{quote} Thank you for your thoughtful words, I appreciate it. Although I've been monitoring my positions since this morning (with around 10 open positions on different currency pairs and proper risk management in place), I must admit I'm a bit disappointed. Unfortunately, I neglected to set up trailing stop losses, which proved to be crucial during this volatile period. As a result, my profits quickly declined, and some positions even turned negative. It's worth noting that my technical analysis was accurate, but I'm bewildered by the sudden and...
The sudden spikes and sudden volatility was something I didn't understand, until I studied liquidity. This helped me understand the markets more that now I actually use those spikes as part of my strategy. If your a beginner, trading 10 different currencies wouldn't be recommended, try to focus on 2 or 3 and really study them. I also traded many currencies but I reduced my amount of data and focused more on quality. (If your are trading 4hr or daily,10 currencies is understandable, but if ur trading 5m,15m I would reccommend you look at your data and see where you are most profitable and stick to those)
  • #179,135
  • Aug 28, 2023 5:34pm Aug 28, 2023 5:34pm
Bull still needs to take down 0830 to fly higher

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Patience, Emotion Control and Discipline.
  • #179,136
  • Aug 28, 2023 7:27pm Aug 28, 2023 7:27pm
Quoting johncen
Bull still needs to take down 0830 to fly higher {image}
we will take care of that right now with our combined eur-usd-only mind power
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,137
  • Edited 9:04pm Aug 28, 2023 8:31pm | Edited 9:04pm
Chart: It is not an optical illusion. DominoSpheres of same colour are of same size and angle. 12H. 400Ema.
Big bears Ohhhh so miss being under longer ! Bulls getting accustomed with buying in this cool turquoise neighbourhood .
Bloody rangingon that scale also, slightly shifting up, barely an uptrend/correction, from another perspective... For me, the more perspectives the merrier

Bulls are oh so well located to stand their ground at last, and again, before taking over, if that is to happen again at all.
On shorter-term, I find that they also still have a lot of catching up to do!:
Quoting mtako
...Need a lot of time today > 0830/40 for a chance for big bull's revenge to stop this engulfing month madness !Today, it's been slowly but surely. Cooking them bears from luke warm water to boiling gradually. They wouldn't see it coming Kidding around of course, you know me. But that 15m double bottom is working perfectly up to now. Only the break of the middle can unleash it's reversal potential though ! >Friday's high, 30 pips away....
Nice slow cooker still in the works 10pips away now for double-top middle resistance battle !!!
12Hours till big news!= as mentioned yesterday, >09 is needed asap !

Thank you end of day + Asia miracle !:
Quoting mtako
3rd time placing these golden nuggets : Again! buy stop 0806 TP10 Again buy stop 0807 TP5! Buy stop 08088 TP8 again! Buy stop 08137 TP5! ! Ahhh dear ranging, I do love you so ! Buy stop 08144 TP6! Bull love is in the air again {image}
+10+8+5+6
Quoting mtako
Buy stop 08103 TP9! Let 15m up momentum build a tiny bit at last !
+9
Quoting mtako
1mim break of down momentum attempt, but need 0812 soon! Buy stop 08117 TP11!
+11
Quoting mtako
Let's not lose sight of the bloody intraday choppyness !!! Meanwhile, bears have managed to kidnap bull's child. The cruel trading world! . Buy stop 0808 TP18 {image}
+18
Quoting mtako
30m BO or high of range getting ready to come back down under? Buy stop 0810 TP Fridays 15m Highest shadow, so TP20! Good times indeed ! {image}
+20
Quoting mtako
{quote} For an Asia miracle, if they ever get triggered and early enough {quote}Well done bears, and thank you !, now I place a buy stop 08065 TP25!
+25

And with that, happy taco Tuesday mates!!!!
May your laughter/pips/tacos/(what your heart desires)filled hour/day/week/month/quarter be better than the last and worst than the next !!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,138
  • Edited 9:24pm Aug 28, 2023 8:32pm | Edited 9:24pm
Quoting mtako
Chart: It is not an optical illusion. DominoSpheres of same colour are of same size. 12H. 400Ema. Big bears Ohhhh so miss being under longer ! Bulls getting accustomed with buying in this cool turquoise neighbourhood . Bloody rangingon that scale also, slightly shifting up, barely an uptrend/correction, from another perspective... For me, the more perspectives the merrier Bull's still have a lot of catching up to do, but they are oh so well located to do so!:{quote}Nice...
well done mate!

seems like 0830 is not holding the bull

update: under 0840 it is not convinced that we can go higher
Patience, Emotion Control and Discipline.
  • #179,139
  • Aug 28, 2023 8:54pm Aug 28, 2023 8:54pm
Quoting Niily
A slow day. Price needs to break out of downtrend on M15 from Aug 22. During that time 1.0790 will be critical support. Coming out of either will determine the next trend. Ignore it and go to sleep. Good luck
Close EP long. EP when price close out downtrend line M15.

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Keep the faith and keep going
  • #179,140
  • Aug 28, 2023 9:21pm Aug 28, 2023 9:21pm
Yesterday only got tiny pips
Hope Today better

Sell Now 0835 till 0829
Holy Betting Grail strategy
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