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  • #2,901
  • Feb 18, 2024 10:07pm Feb 18, 2024 10:07pm
Quoting PatienceFx
On daily chart using MacD Us 500 price and macd has the biggest divergence, this means US dollar may strengthen sending Euro USD down
But H1 Euro USD and H4 says wait for sometime
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  • #2,902
  • Feb 18, 2024 10:54pm Feb 18, 2024 10:54pm
Quoting PatienceFx
{quote} But H1 Euro USD and H4 says wait for sometime {image} {image}
Since h4 macd is above zero, I will stay away from selling
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  • #2,903
  • Feb 18, 2024 11:48pm Feb 18, 2024 11:48pm
from here till daily 20 sma price will move 16 pips more

D sma 20 16 [ on chart ] [ left upper corner ]
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  • #2,904
  • Feb 18, 2024 11:50pm Feb 18, 2024 11:50pm
Quoting PatienceFx
from here till daily 20 sma price will move 16 pips more D sma 20 16 [ on chart ] [ left upper corner ] {image}
h4 macd above zero and daily macd bullish
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  • #2,905
  • Feb 19, 2024 12:16am Feb 19, 2024 12:16am
Quoting PatienceFx
{quote} h4 macd above zero and daily macd bullish {image}
Since m30 macd is not very encouraging so moving stop loss to break even
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  • #2,906
  • Feb 19, 2024 1:38am Feb 19, 2024 1:38am
the only big event this week is FOMC minutes
  • #2,907
  • Feb 19, 2024 2:40am Feb 19, 2024 2:40am
The reason why I sold eurusd just now

Both have USD connection between them
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  • #2,908
  • Feb 19, 2024 2:40am Feb 19, 2024 2:40am
Now:
H4 RSI is below the MACD signal line. Divergence has now formed on H1 and M30. Does the downward movement begin?
  • #2,909
  • Feb 19, 2024 2:50am Feb 19, 2024 2:50am
Quoting Gelubrin
Now: H4 RSI is below the MACD signal line. Divergence has now formed on H1 and M30. Does the downward movement begin?
Basic rule applicable on any time frame for bear signal

Price below BB middle line
RSI below 50

If on lower time frames this signal is not available then try to avoid selling on that time frame
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  • #2,910
  • Feb 19, 2024 2:52am Feb 19, 2024 2:52am
Quoting PatienceFx
{quote} Basic rule applicable on any time frame for bear signal Price below BB middle line RSI below 50 If on lower time frames this signal is not available then try to avoid selling on that time frame {image}
On H4 see how many things are against selling

Price above week open
Price above BB middle line
RSI above 50
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  • #2,911
  • Feb 19, 2024 2:54am Feb 19, 2024 2:54am
Quoting PatienceFx
{quote} On H4 see how many things are against selling Price above week open Price above BB middle line RSI above 50 {image}
But on 5 minutes the story is different

So you have to choose wisely which time frame you want to trade on
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  • #2,912
  • Feb 19, 2024 5:55am Feb 19, 2024 5:55am
Quoting PatienceFx
{quote} But on 5 minutes the story is different So you have to choose wisely which time frame you want to trade on {image} {image}
SO
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  • #2,913
  • Feb 19, 2024 6:46am Feb 19, 2024 6:46am
Quoting PatienceFx
{quote} SO {image}
The force decreases. The price will continue to decrease.
But let's not forget that we are on D1 ascending. Great attention to sell.
Your opinion?
  • #2,914
  • Feb 19, 2024 8:45am Feb 19, 2024 8:45am
What does h4 RSI & 100 SMA say
  • #2,915
  • Feb 19, 2024 9:18am Feb 19, 2024 9:18am
Quoting PatienceFx
What does h4 RSI & 100 SMA say
1. H4, RSI above 50- soon, the trend descending on H4 will reverse
2. Price was rejected by 100 SMA
3. This is a correction to H4, but will resume climbing soon at the behest of their boss, D1
4. H1 and M30 are preparing for reversal

I deviated a little from the question.
  • #2,916
  • Feb 19, 2024 10:05am Feb 19, 2024 10:05am
Quoting Gelubrin
{quote} 1. H4, RSI above 50- soon, the trend descending on H4 will reverse 2. Price was rejected by 100 SMA 3. This is a correction to H4, but will resume climbing soon at the behest of their boss, D1 4. H1 and M30 are preparing for reversal I deviated a little from the question.
I also deviated a little
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  • #2,917
  • Feb 19, 2024 10:10am Feb 19, 2024 10:10am
Quoting PatienceFx
{quote} I also deviated a little {image} {image} {image}
A little more, h1 200
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  • #2,918
  • Feb 19, 2024 10:26am Feb 19, 2024 10:26am
Quoting Gelubrin
{quote} 1. H4, RSI above 50- soon, the trend descending on H4 will reverse 2. Price was rejected by 100 SMA 3. This is a correction to H4, but will resume climbing soon at the behest of their boss, D1 4. H1 and M30 are preparing for reversal I deviated a little from the question.
H1 / M30 I opt for buy now.
  • #2,919
  • Feb 19, 2024 11:53am Feb 19, 2024 11:53am
I will wait

1) to earn swap
2) because of High inflation, FOMC will avoid cutting rates
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  • #2,920
  • Feb 19, 2024 7:22pm Feb 19, 2024 7:22pm
Quoting 7154Superman
{quote} Another interesting trading day with red news volatility on Friday. I didn't have much opportunity to focus on trading at first during news volatility, but I managed to scalp both ways towards the end and make a decent profit for the day. I closed all positions for the weekend, regardless of drawdown. So, my prediction for EUR/USD to break out below 1.07 down to 1.06 - 1.065 turned out not coming to pass this week. But, on the contrary, bullish price action seemed to prevail towards the end. So, maybe next week, we might see EUR/USD rising...
Today was a slow day, but I still managed to scalp a few longs and shorts with small profits.
I now have 4 live accounts above +80% ROI, so reaching level 3 could happen any day now. We still have 8 more trading days in February to reach that +100% goal by the end of the month.
The goal is to upgrade to a new level every month.
But it's ok if it doesn't happen.
It's just more motivating to try harder when you have a goal.

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#4 Live $183.80 (+83.80%) (24 trading days)
#1 Live $183.05 (+83.05%) (34 trading days)
#8 Live $182.66 (+82.66%) (15 trading days)
#10 Live $163.26 (+63.26%) (8 trading days)
#6 Live $156.60 (+56.60%) (23 trading days)
#7 Live $152.61 (+52.61%) (23 trading days)
#9 Live $109.21 (+9.21%) (11 trading days)
#3 Live $100.40 (+0.40%) (26 trading days)
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Net Equity = $1,601.21
Profit +$501.21 (+45.56%) (5-34 trading days)

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