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  • #188,361
  • Edited 4:01am Feb 9, 2024 3:05am | Edited 4:01am
Quoting pedro319
{quote} The targets I posted are short term, there are long term targets but for the moment not pertinent as heavy bearish cloud still hanging over this pair.
Yes, as a bull I don't like the candle formation, but I'm learning to take my eyes off the candles sometimes and set my mind on the target.
  • #188,362
  • Edited 3:21am Feb 9, 2024 3:10am | Edited 3:21am
Quoting Mitiblotch
{quote} Yes, as a bull I don't like the candle formation, but I'm learning to take my eyes of the candles sometimes and set my mind on the target.
Always remember the Fx Bible commandment: Thou shall stick to your targets .
I am keeping a copy for you too.
- Walk the dog
- Watch a movie
- Call a friend
- Cook something
-Ignore candles of low technical value (quite dramatic but within a range)
We watch the charts from every angle so you don't have to!!
  • #188,363
  • Feb 9, 2024 3:19am Feb 9, 2024 3:19am
Quoting pedro319
{quote} Scalping can be done off high timeframe levels, you just hold them for less time because you expect a bounce or retracement and not a reversal. H1 H4 D1.
The only reason to look at high time frames when scalping is to see what the master trend is, if you scalp with the master trend that coincides with a shorter time frame you get the biggest and safest moves.
Your entry should be with the shorter time frames m15 or less.
If you try to justify staying in a losing trade by looking at a higher time frame you are on a slippery slope.
Its all just one persons opinion
  • #188,364
  • Feb 9, 2024 3:22am Feb 9, 2024 3:22am
Quoting pedro319
{quote} The targets I posted are short term, there are long term targets but for the moment not pertinent as heavy bearish cloud still hanging over this pair.
Thank you!
  • #188,365
  • Feb 9, 2024 3:24am Feb 9, 2024 3:24am
Quoting axecap
{quote} The only reason to look at high time frames when scalping is to see what the master trend is, if you scalp with the master trend that coincides with a shorter time frame you get the biggest and safest moves. Your entry should be with the shorter time frames m15 or less. If you try to justify staying in a losing trade by looking at a higher time frame you are on a slippery slope.
I explained what scalping is for me or the only type of scalping that I do.
I am aware that is not the way most scalpers do it.
I appreciate a more expert view on the mater.
Thanks.
We watch the charts from every angle so you don't have to!!
  • #188,366
  • Feb 9, 2024 3:27am Feb 9, 2024 3:27am
Quoting pedro319
{quote} Scalping can be done off high timeframe levels, you just hold them for less time because you expect a bounce or retracement and not a reversal. H1 H4 D1.
To swing you have to use the H4 time frame for your entries and W1 for your overall direction of the market.
To scalp you have to use the 15M time frame for your entries and H1 for your overall direction of the market.
  • #188,367
  • Feb 9, 2024 3:31am Feb 9, 2024 3:31am
See rectangles, those moves completely outside the following 3H channel. I call those OKCs (OutOfKeltnerChannel).

It is where Mr.Price ends up after a night out partying too hard .

It is where greater than average volatility sent the poor lad

I wait now for Bulls to reciprocate the latest Bear OKC(>=), at the very least, then wait for pullpack and, if signs of support are high enough, it's a go!
I could also get in the highs, if conditions are right.

Maybe next week
Attached Image (click to enlarge)
Click to Enlarge Name: 3HnoRecip - Copy.png Size: 17 KB
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #188,368
  • Feb 9, 2024 3:38am Feb 9, 2024 3:38am
Quoting pedro319
{quote} Always remember the Fx Bible commandment: Thou shall stick to your targets . I am keeping a copy for you too. - Walk the dog - Watch a movie - Call a friend - Cook something -Ignore candles of low technical value (quite dramatic but within a range)
I see that you have become religious in my absence dear friend
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #188,369
  • Feb 9, 2024 3:42am Feb 9, 2024 3:42am
Quoting mtako
{quote}I see that you have become religious in my absence dear friend
You left, I had nothing else to hold on to!!
We watch the charts from every angle so you don't have to!!
  • #188,370
  • Feb 9, 2024 3:47am Feb 9, 2024 3:47am
Quoting pedro319
{quote} You left, I had nothing else to hold on to!!
Reunited at last
Attached Image (click to enlarge)
Click to Enlarge Name: imagd.jpg Size: 22 KB
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #188,371
  • Feb 9, 2024 3:49am Feb 9, 2024 3:49am
I’m out till Monday don’t expect move on market today , 8,5% 336 green pibs in 2024 is very good for me .
My minimal target 100% per year after all this time It’s finally possibly .
Special thanks to
ATA this forum as change my life
Pedro 319 very nice work with fibo
Andvk74 very clean charts
and to all members too .
take care enjoy the weekend people

O
Scalping
  • #188,372
  • Feb 9, 2024 3:50am Feb 9, 2024 3:50am
Quoting mtako
{quote}Reunited at last {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Rofl.jpg Size: 37 KB
We watch the charts from every angle so you don't have to!!
  • #188,373
  • Feb 9, 2024 3:50am Feb 9, 2024 3:50am


Back to business

sideways scalping time (return from the lows) buy stop 0769!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #188,374
  • Feb 9, 2024 3:54am Feb 9, 2024 3:54am
Quoting mtako
Back to business sideways scalping time (return from the lows) buy stop 0769!
Love it!
You were missed by many... not all though!!
We watch the charts from every angle so you don't have to!!
  • #188,375
  • Feb 9, 2024 4:05am Feb 9, 2024 4:05am
Quoting pedro319
{quote} Love it! You were missed by many... not all though!!
You can say that again ! !!!! And that is nice, thanks a lot mate.


Well, I guess it's all part of my own trading bible: Be yourself, or lose yourself!(and lose even more pips!)

Well, there is my Stop-loss right there, the high of the first bull day to have its high broken and closed above it the very next day.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #188,376
  • Feb 9, 2024 4:08am Feb 9, 2024 4:08am
Quoting mtako
{quote} You can say that again ! !!!! And that is nice, thanks a lot mate. Well, I guess it's all part of my own trading bible: Be yourself, or lose yourself!(and lose even more pips!) Well, there is my Stop-loss right there, the high of the first bull day to have its high broken and closed above it the very next day.
How is the Buddhists Fx scalpers project coming along?
I am waiting for targets also because I want to sell.
We watch the charts from every angle so you don't have to!!
  • #188,377
  • Feb 9, 2024 4:10am Feb 9, 2024 4:10am
Common 5min hammer, do your job for once and support !
Attached Image (click to enlarge)
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #188,378
  • Feb 9, 2024 4:13am Feb 9, 2024 4:13am
Still holding the swing trade position I added yesterday. I do have a sell limit at 1.0800 as insurance but I do love the 4h candle. Price could break 1.0750 by Monday and retest it before CPI on Tuesday. Time will tell
Attached Image (click to enlarge)
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  • #188,379
  • Feb 9, 2024 4:14am Feb 9, 2024 4:14am
Quoting mtako
Common 5min hammer, do your job for once and support ! {image}
I think they are looking a little lower 57-52
You are still my number one reversal indicator!!
If only I could code it!
We watch the charts from every angle so you don't have to!!
  • #188,380
  • Feb 9, 2024 4:20am Feb 9, 2024 4:20am
Quoting pedro319
{quote} I think they are looking a little lower 57-52
Buying again at 0768
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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