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  • #2,281
  • Nov 13, 2023 8:05pm Nov 13, 2023 8:05pm
1.06651 is the weekly low now add 85 pips to this to get the approximate high

On weekly chart price is sitting on 100 sma
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  • #2,282
  • Nov 13, 2023 8:09pm Nov 13, 2023 8:09pm
RSI and nacd on H4 daily and weekly
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  • #2,283
  • Nov 13, 2023 8:10pm Nov 13, 2023 8:10pm
Quoting PatienceFx
RSI and nacd on H4 daily and weekly {image} {image} {image}
So if we see a reduction in inflation then two things will happen one fed cannot raise rates second USD will weaken

H4 MacD is ready to give a break out this will be a break out trade

Enjoy the day and enjoy the plenty of pips you can collect
  • #2,284
  • Nov 13, 2023 9:17pm Nov 13, 2023 9:17pm
Even if you know about H4 daily and weekly

Always plan your entry on lower time frames and look for divergencies

This is where the actual money is made, never ignore tiny things
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  • #2,285
  • Edited 10:07pm Nov 13, 2023 9:23pm | Edited 10:07pm
I know that the low of the week is in place at 1.06651
I know that 61.8% of the average weekly range is 85 pips

So if I add the two I get my target of 1.0750
But on small time frames I will try to get the entry closer to the weekly low

M30 has a DIP, so I will try to catch this let us see how deep it can go

When it turns to long again that will be my entry price for going long for the target of 1.0750

This is the correct way of selecting trades the same way as investments

I am sharing these techniques in forex with friends because I I love sharing
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  • #2,286
  • Nov 13, 2023 9:35pm Nov 13, 2023 9:35pm
Quoting PatienceFx
I know that the law of the week is in place at 1.06651 I know that 61.8% of the average weekly range is 85 pips So if I add the two I get my target of 1.0750 But on small time frames I will try to get the entry closer to the weekly low M30 has a DIP, so I will try to catch this let us see how deep it can go When it turns to long again that will be my entry price for going long for the target of 1.0750 This is the correct way of selecting trades the same way as investments I am sharing these techniques in forex with friends because I I love sharing...
In the next 4 hours
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  • #2,287
  • Nov 13, 2023 10:05pm Nov 13, 2023 10:05pm
I took this long based on H4 lineup

I will add a second long based on m30 at a lower price

Same exit target 1.0750
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  • #2,288
  • Nov 13, 2023 10:09pm Nov 13, 2023 10:09pm
On m30 we may or may not have room but we can try to enter as low as possible
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  • #2,289
  • Nov 13, 2023 10:16pm Nov 13, 2023 10:16pm
Alright question of the day

In high frequency trading where millions of orders are executed within seconds, what is the lot size used per trade and why

And this will also explain why the broker trades against you
  • #2,290
  • Nov 13, 2023 10:20pm Nov 13, 2023 10:20pm
A very lucky second entry

Tiny lot size does not disturb the price, HFT computers trade the tiniest lot size as much as possible so that they do not disturb the price

The higher the lot size the higher the margin and the more interested are the brokers in going against you

So next time you try trading one lot or 10 lots, be very careful, your stop loss will always be hit
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  • #2,291
  • Nov 13, 2023 10:27pm Nov 13, 2023 10:27pm
Quoting PatienceFx
A very lucky second entry Tiny lot size does not disturb the price, HFT computers trade the tiniest lot size as much as possible so that they do not disturb the price The higher the lot size the higher the margin and the more interested are the brokers in going against you So next time you try trading one lot or 10 lots, be very careful, your stop loss will always be hit {image}
Like I keep saying in this thread always keep a track on the news

My main reason for this entry is the latest fomc statement
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  • #2,292
  • Nov 13, 2023 10:40pm Nov 13, 2023 10:40pm
Good journey starts small, but on daily chart the 100 and 200 sma will be a strong barrier
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  • #2,293
  • Nov 14, 2023 1:19am Nov 14, 2023 1:19am
Price is climbing so slowly, +105 pips is tough to get
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  • #2,294
  • Nov 14, 2023 2:09am Nov 14, 2023 2:09am
All booked , waiting for fresh opportunity
  • #2,295
  • Nov 14, 2023 2:34am Nov 14, 2023 2:34am
Quoting PatienceFx
A very lucky second entry Tiny lot size does not disturb the price, HFT computers trade the tiniest lot size as much as possible so that they do not disturb the price The higher the lot size the higher the margin and the more interested are the brokers in going against you So next time you try trading one lot or 10 lots, be very careful, your stop loss will always be hit {image}
Can you or should you trust the broker you work with?
Do you think they play fair that way, what would be the alternative?
  • #2,296
  • Nov 14, 2023 2:45am Nov 14, 2023 2:45am
The worst Bull trap after the drop
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  • #2,297
  • Nov 14, 2023 2:50am Nov 14, 2023 2:50am
First entry at 1.0699 target 1.0750
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  • #2,298
  • Nov 14, 2023 2:58am Nov 14, 2023 2:58am
Daily chart is planning something big

But I feel that at 1.0750 price will drop very hard
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  • #2,299
  • Nov 14, 2023 3:03am Nov 14, 2023 3:03am
Because weekly will not let Euro breathe
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  • #2,300
  • Nov 14, 2023 3:04am Nov 14, 2023 3:04am
So I will not add to this trade and just exit at 1.0750

The BB squeeze is another reason not to add trades, we need to see which side the squeeze opens
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