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Attachments: EURUSD only
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EURUSD only

Scalp long 1.0898. SL 1.0870. TP 1 today's high.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting aahmad29
{quote} January 24, 2024 EURUSD I am trying to catch the quick movement of small cycles based on FIBO volatility levels. Today’s Asian Session position Buy Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Sell Side 0.236 Sell Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Buy Side 0.236 PLEASE NOTE THAT I HAVE NO COMMERCIAL INTENTIONS. https://youtu.be/4H-wCLVEYn8

In other threads, i realized that many traders did not understand those pending orders so here is explanation.

Here is full detail with chart and pending orders. This is example of my today's orders.

On the chart, there are two lines. Blue and Pink.

Price levels on blue line are for Buy Stop order.

Price levels on pink line are for Sell Stop order.

Blue line (Buy Stop order) start with 1.0860 at the level of 0.236

Pink line (Sell Stop Order) start with 1.0846 at the level of 0.236

Daily open price was 1.0853 on my chart. (open price was different with small gap so i waited that price come to yesterday's closing price and then set pending orders.

Area between 1.0860 and 1.0846 is no trade zone.

I had two pending orders.

Buy Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Sell Side 0.236
Sell Stop 0.236 TP1 0.382 (BE) TP2 0.5 SL Buy Side 0.236

My Buy Stop order activated at 0.236 (1.0860) and hit TP1 and TP2. TP1 was at 0.382 level with price 1.0865. TP2 was at 0.5 level with price 1.0868

This is totally your choice that you wanted to close full position at TP1 or half position and wait for price to hit TP2.


Please let me know if this detail is enough to understand ? and feel free to ask me more questions.
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Love for all; Hatred for none.
I think i will gonna go for a buy from 1.089.
Quoting Js3mwtRc
Very near...1.0930 isnt far above the high - 1.0917
That was right on spot!
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Looking for profitable short term trades ...|
Long for 1.09429
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demo tok kenal barey boh!
Quoting pedro319
{quote} Only decent entry...1.0888 (I would not post it here because it does not follow my quality parameters) If it comes lower 1.0879-68 is the other.
Still holding.
Officially buying every pullback until ECB.
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New levels! The blue"count" can be used like alone, or additional analysis for trades along with the first measurement with black lines, I leave it to your choice! The darker blue line can be used as a guide.

Daily chart
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Looking for profitable short term trades ...|
I must say, some of you forget very easy where we were headed and what the overall flow was. Stick to your plan (i.e. don't give up on your main ideas easily) and on the longer run you will gain from that habit.

Best wishes
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Be a seer, not a looker!
EUR/USD had a volatile day, initially rallied on mixed Eurozone news, surpassed 1.0875 resistance level and reached 1.0932 but later corrected lower after positive US news hit the market. Despite the early gains, the pair failed to hold above the 1.0900/17 level, suggesting that bearish sentiment is still prevalent. Tomorrow I will be watching to see if it can find support at lower levels, and whether the ECB and US data releases will have any impact on the pair's direction.

Technical analysis can be a powerful tool, it's important to stay informed about the broader market conditions and news events that can impact currency prices. So, keep an eye on those fundamental factors as well - they can often provide some important context for the technical picture.

Have a great rest of the day!
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Looking for profitable short term trades ...|
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Yesterday it was headed upwards, let's see today!
"No pain no gain"
One of the best decisions I've made today was, not going long after the US numbers. Unnecessarily losing anything I've earned before the release.
Quoting Austyno
My two cents for the week and month 1. The first order of business should be taking out the lows of last week, all price is doing currently is trying to form the highs for the week. 2. We are heading to month end, so on a monthly basis, we need to take out the lows of last month and also close as a bearish engulfing month. 3. 30 ema crossed 200 ema on 4hrs thereby making 200ema to act as resistance 4. We are also at the weekly pivot(first sell signal for the week) 5. We have ECB this week which means that the week will cover more pips and most likely...
2nd order of business is to take out the low of last month hence my target at 1.07158
Risk comes from not knowing what to do
Quoting pedro319
{quote} Still holding. Officially buying every pullback until ECB.
1.0885, I added one more entry right now, if it returns, it seems like a good region for momentum...
"No pain no gain"
Quoting JBRolim
{quote} 1.0885, I added one more entry right now, if it returns, it seems like a good region for momentum...
Yes, also tells us about the strength of the move.
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Quoting pedro319
{quote} Yes, also tells us about the strength of the move.
Let's see if it works...
"No pain no gain"
Quoting JBRolim
{quote} Let's see if it works...
If next H1 candle is a reversal candle the highs will be taken out.
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Which one is it?

A - H & S

B - A-B-C

C - '' M '' Pattern
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Quoting Traderview
Which one is it? A - H & S B - A-B-C C - '' M '' Pattern {image}
Hi,
i trade toward A

Best
Chriss
NY session... Chart M5.
Time 19:50 started the ascent yesterday, today 19:55 descent... The movements are getting wider...
"No pain no gain"
22 traders viewing now, 4 are members:
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