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  • #188,981
  • Feb 15, 2024 1:58am Feb 15, 2024 1:58am
I’m still waiting to sell. The market is still somehow thinking there will be a rate cut soon it should come up more before news.
  • #188,982
  • Feb 15, 2024 2:01am Feb 15, 2024 2:01am
Quoting Megashrek
I’m still waiting to sell. The market is still somehow thinking there will be a rate cut soon it should come up more before news.
If it goes higher we will deal with it then, for now 1.0740 is the resistance.
Hopefully you still have some longs as well.
Fx Bible says: "In a strong bear market 38.2 Fib retracement is often enough..."
We watch the charts from every angle so you don't have to!!
  • #188,983
  • Feb 15, 2024 2:04am Feb 15, 2024 2:04am
Quoting Happymorning
{quote} .0744 is fibo 50 fibo 38.2 is usually not good r/s when wave 3 goes too far hope .0685 lvl will give a proper impulse from bulls otherwise we`re going to see .0595 as fibo 78.6
If 1.0744 is acting as a resistance level (50% Fibonacci retracement), and you're expecting a pullback from there, it makes sense to watch out for potential bearish pressure.

And you're right about the 38.2% Fibonacci level not always providing the strongest support or resistance, especially if wave 3 has extended quite a bit.

Keep us updated!
Looking for profitable short term trades ...|
  • #188,984
  • Feb 15, 2024 2:08am Feb 15, 2024 2:08am
Quoting pedro319
{quote} If it goes higher we will deal with it then, for now 1.0740 is the resistance. Hopefully you still have some longs as well. Fx Bible says: "In a strong bear market 38.2 Fib retracement is often enough..."
I’ve closed them I’m waiting to see how it acts on the 1.0725 to get back in
  • #188,985
  • Feb 15, 2024 2:08am Feb 15, 2024 2:08am
Quoting pedro319
{quote} It makes sense! Took a chunk for 45 pips doubled to 90. Sold! 230 Pips for the week but I think I can do better.
That's good, but it can be greater than that for sure. What do you think is leading these results, favourable market conditions for your system, or something else?
Looking for profitable short term trades ...|
  • #188,986
  • Feb 15, 2024 2:10am Feb 15, 2024 2:10am
Quoting pedro319
{quote} If it goes higher we will deal with it then, for now 1.0740 is the resistance. Hopefully you still have some longs as well. Fx Bible says: "In a strong bear market 38.2 Fib retracement is often enough..."
I was just able to get in at .0730 but just barely
  • #188,987
  • Feb 15, 2024 2:14am Feb 15, 2024 2:14am
Quoting Js3mwtRc
{quote} That's good, but it can be greater than that for sure. What do you think is leading these results, favourable market conditions for your system, or something else?
What the post means is:
More often than not, in strong bear markets 38.2 Fib holds price, we don't know how strong it is atm ,we only know it's a bear market.
So for me, if markets stops there, is telling me that bearish sentiment is still very strong and 1.0669 should be here soon.
It's interpretation of price action, another form of technical analysis.
Cheers.

Quoting Megashrek
{quote} I was just able to get in at .0730 but just barely
This is the problem, if you enter where you should you could even try a couple of times and you are still ok, but if you enter 10 pips away from resistance is going to cost you more.
We watch the charts from every angle so you don't have to!!
  • #188,988
  • Feb 15, 2024 2:24am Feb 15, 2024 2:24am
Quoting pedro319
{quote} What the post means is: More often than not, in strong bear markets 38.2 Fib holds price, we don't know how strong it is atm ,we only know it's a bear market. So for me, if markets stops there, is telling me that bearish sentiment is still very strong and 1.0669 should be here soon. It's interpretation of price action, another form of technical analysis. Cheers. {quote} This is the problem, if you enter where you should you could even try a couple of times and you are still ok, but if you enter 10 pips away from resistance is going to cost...
Yes, I know that! For me the market just standing here and there are opportunities for scalping, some times more, but times of red news is when a stronger and weaker level is realised. Also big chunks of profit taking can even turn a market.
Looking for profitable short term trades ...|
  • #188,989
  • Feb 15, 2024 2:28am Feb 15, 2024 2:28am
Quoting Js3mwtRc
Some caution here at r1 daily 15 min {image}
Another one thing to watch after that, is the fact that the price didn't touched the R1 level makes me suspicious to think that it is very weak to reach higher and may even break below the daily pivot level at 0720 and head lower to test yesterday's low of the swing!
Looking for profitable short term trades ...|
  • #188,990
  • Feb 15, 2024 2:29am Feb 15, 2024 2:29am
Quoting Js3mwtRc
{quote} Yes, I know that! For me the market just standing here and there are opportunities for scalping, some times more, but times of red news is when a stronger and weaker level is realised. Also big chunks of profit taking can even turn a market.
My analysis is for anytime regardless of volatility, of course during data releases and big announcements is the time where most technicals go out of the window.
In general terms my plans usually allow for some degree of volatility and mild swings.
We watch the charts from every angle so you don't have to!!
  • #188,991
  • Feb 15, 2024 2:30am Feb 15, 2024 2:30am
Quoting Js3mwtRc
{quote} Another one thing to watch after that, is the fact that the price didn't touched the R1 level makes me suspicious to think that it is very weak to reach higher and may even break below the daily pivot level at 0720 and head lower to test yesterday's low of the swing!
...unless the bullish scenario plays out...
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Looking for profitable short term trades ...|
  • #188,992
  • Feb 15, 2024 2:33am Feb 15, 2024 2:33am
Quoting pedro319
{quote} My analysis is for anytime regardless of volatility, of course during data releases and big announcements is the time where most technicals go out of the window. In general terms my plans usually allow for some degree of volatility and mild swings.
One must be a pro to trade with you or at least know very well the basics just for start!

Volatility is a two edged sword, can give and take
Looking for profitable short term trades ...|
  • #188,993
  • Feb 15, 2024 2:42am Feb 15, 2024 2:42am
Quoting Js3mwtRc
{quote} One must be a pro to trade with you or at least know very well the basics just for start! Volatility is a two edged sword, can give and take
You don't have to be a Pro but sure it makes it easier!
The Lagarde Witch was supposed to speak wasn't she??
Cheers.
We watch the charts from every angle so you don't have to!!
  • #188,994
  • Feb 15, 2024 2:51am Feb 15, 2024 2:51am
Quoting ahmerjamil
{quote} Hello all of you, Hope you all are well! • If it reaches (1.0763) before today's news, We will have an opportunity to sell, Let's see! Best wishes for all of you!
I am wrong??
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Stop Procrastinating
  • #188,995
  • Feb 15, 2024 2:59am Feb 15, 2024 2:59am
Quoting pedro319
{quote} You don't have to be a Pro but sure it makes it easier! The Lagarde Witch was supposed to speak wasn't she?? Cheers.
She got us into this trouble, isn't see!
Looking for profitable short term trades ...|
  • #188,996
  • Feb 15, 2024 3:01am Feb 15, 2024 3:01am
Quoting ahmerjamil
{quote} I am wrong?? {image}
Looks good, but don't bet all of your pips, the day is big!
Looking for profitable short term trades ...|
  • #188,997
  • Feb 15, 2024 3:04am Feb 15, 2024 3:04am
Quoting pedro319
{quote} That fits perfectly!! Maybe 1.07 will become the new cash cow!! I know you like this. {image}
Remember this!
Looking for profitable short term trades ...|
  • #188,998
  • Feb 15, 2024 3:06am Feb 15, 2024 3:06am
My Daily Pivots & Range
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  • #188,999
  • Edited 3:24am Feb 15, 2024 3:11am | Edited 3:24am
Quoting Js3mwtRc
{quote} Remember this!


Quoting Js3mwtRc
{quote} That's good, but it can be greater than that for sure. What do you think is leading these results, favourable market conditions for your system, or something else?
You are right on point, current markets conditions do suit my trading system, market is respecting all levels and that makes it a lot easier than usual.
U.S inflation numbers are doing this but I have the feeling that these will come under suspicion...sometime soon.
We watch the charts from every angle so you don't have to!!
  • #189,000
  • Feb 15, 2024 3:15am Feb 15, 2024 3:15am
Quoting Js3mwtRc
{quote} Looks good, but don't bet all of your pips, the day is big!
Yes, you are right!
Stop Procrastinating
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