Disliked{quote} Here is the plan for Oil: Pending order at 61% retracement with a stop below the wicks to the left {image} If you also go down to the Daily, we can see that Weekly Bullish PB made a CooF set up (change of order flow) {image}Ignored
Support and Resistance, Swing / Long term trading
Watching USDCAD & USDCHF
Yes the zone is big, I will look for Daily or Weekly confirmation signals. It could either retest the high of the box (dotted line) and make a H&S or push further down and hit the low of the swing point.
Retest of the low. This would be a textbook pending order wick retest, but since its against the CHF (I heavily dislike going against the CHF) I will wait for a confirmation UNLESS the DXY lines up perfectly in timing.
Yes the zone is big, I will look for Daily or Weekly confirmation signals. It could either retest the high of the box (dotted line) and make a H&S or push further down and hit the low of the swing point.
Retest of the low. This would be a textbook pending order wick retest, but since its against the CHF (I heavily dislike going against the CHF) I will wait for a confirmation UNLESS the DXY lines up perfectly in timing.
I just went long on USDCHF
I know I said I like and want confirmation when betting against the CHF, but I really do think this is an opportunity for a pullback. Oh and usually, end of Q4 and end of year gives us some trend "reversals"
I can always protect myself by moving to BE quickly and then if it takes me out BE, I look for re-entry with confirmation.
I know I said I like and want confirmation when betting against the CHF, but I really do think this is an opportunity for a pullback. Oh and usually, end of Q4 and end of year gives us some trend "reversals"
I can always protect myself by moving to BE quickly and then if it takes me out BE, I look for re-entry with confirmation.
I just went long on USDCHF I know I said I like and want confirmation when betting against the CHF, but I really do think this is an opportunity for a pullback. Oh and usually, end of Q4 and end of year gives us some trend "reversals" {image} {image} I can always protect myself by moving to BE quickly and then if it takes me out BE, I look for re-entry with confirmation.
The possibility of a pullback was there, unfortunately it didnt happen
- #150
- Dec 24, 2023 12:38am Dec 24, 2023 12:38am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
{quote} Out with a loss {image} The possibility of a pullback was there, unfortunately it didnt happen
{image} Not placing a trade at this point waiting for a better confirmation cause the market just reached the trend line drawn I’m waiting for a confirmation for sell order Am I right?
{quote} In and moved SL to BE. Sin ce nobody asked why or tried an opinion, I will just keep my chart to myself. I have 2 open positions currently. EURCHF SL at BE EURGBP SL at BE & partials taken
EURCHF still open. No fixed TP and trailing stop in place
{quote} Alright so...Im out with a partial win on EURGBP and... {image} EURCHF still open. No fixed TP and trailing stop in place
I just took a long on USDSGD. Just based on the DXY and other USD pairs, I believe I will get stopped out and we will reach the green box below but im not going to pick and choose the trades I should take vs those I shouldnt based on feeling. If my edge is present, I have to re-inforce that behavior and take the trade even if I dont have a good feeling about it.
