That is what I am looking for, any other shorts will have stops above the level.
These are only short term trades and do not conflict with longs targeting 1.07 and 1.0850.
Good luck.
We watch the charts from every angle so you don't have to!!
4
- #181,601
- Oct 12, 2023 3:26am Oct 12, 2023 3:26am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #181,603
- Oct 12, 2023 3:53am Oct 12, 2023 3:53am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #181,605
- Oct 12, 2023 5:53am Oct 12, 2023 5:53am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #181,607
- Oct 12, 2023 6:30am Oct 12, 2023 6:30am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote} Agreed, I don't see it either. But my chart (Oanda feed) has sth that can be enterpreted as engulfing. Is it not? {image}
Just make sure to attach the Oanda chart next time whenever you are talking about something you see on Oanda chart to avoid confusion and time wasting questionings...
Thanks and best wishes
Focus only on what truly matters!
- #181,608
- Oct 12, 2023 6:31am Oct 12, 2023 6:31am
- Joined Jan 2016 | Status: Trader | 1,309 Posts
IG 4HR
Drawdown is more important than Account Size !
- #181,609
- Oct 12, 2023 6:44am Oct 12, 2023 6:44am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #181,610
- Oct 12, 2023 6:57am Oct 12, 2023 6:57am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Greetings,
Let's take a look at what is happening and make some things clear.
We have been in a nice bear run for two months now, so it's easy to understand why our minds will try and convince us that the bear run is not over even when we have evidence to the contrary.
On Daily, we have had a series of bullish candles in a row.
If bears were still in charge the most we would have had would have been 3 bullish candles in a row(remember my rules
)
We keep making higher highs and higher lows on all time frames(creating support)
We have a demand on weekly (last week's candle) with a bullish hammer
Since the atr has been low these few days, we could have a mofo candle today because of CPI.
All in all, I see a run to 1.07172 after 1.06500 breaks
Godspeed bulls.
Let's take a look at what is happening and make some things clear.
We have been in a nice bear run for two months now, so it's easy to understand why our minds will try and convince us that the bear run is not over even when we have evidence to the contrary.
On Daily, we have had a series of bullish candles in a row.
If bears were still in charge the most we would have had would have been 3 bullish candles in a row(remember my rules
)We keep making higher highs and higher lows on all time frames(creating support)
We have a demand on weekly (last week's candle) with a bullish hammer
Since the atr has been low these few days, we could have a mofo candle today because of CPI.
All in all, I see a run to 1.07172 after 1.06500 breaks
Godspeed bulls.
Risk comes from not knowing what to do
I stay away from buying, especially while M15 candles open below 1.0622! Bears have the upper hand for now! *I will try to get rid of my long order from 1.0622.. {image}
I've had one also for testing, but had a positive SL and for sure it got hit!
Keep trading and learning or keep learning and trading!
- #181,613
- Oct 12, 2023 7:39am Oct 12, 2023 7:39am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
Looking for profitable short term trades ...|
- #181,614
- Oct 12, 2023 7:41am Oct 12, 2023 7:41am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #181,615
- Oct 12, 2023 7:41am Oct 12, 2023 7:41am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
EU is bullish, but ranging just some pips below 1.0635 and on the big weekly trendline, a break above should lead the price at higher levels (see 4 hours chart). 1.0580 is first support and key for lower prices if, the price close below. Green pips!Daily volatility (range) - 51 pips Significant news - US Initial Jobless Claims, US CPI {image}
Looking for profitable short term trades ...|
- #181,616
- Oct 12, 2023 7:41am Oct 12, 2023 7:41am
- Joined Jan 2016 | Status: Trader | 1,309 Posts
So far working out good. SL on Break even.
Drawdown is more important than Account Size !
- #181,617
- Oct 12, 2023 7:48am Oct 12, 2023 7:48am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
I bought it at the Gap closing 2023-10-09
"No pain no gain"
- #181,618
- Oct 12, 2023 7:55am Oct 12, 2023 7:55am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
