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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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Techknow Trading

  • #61
  • Mar 27, 2024 8:40am Mar 27, 2024 8:40am
Quoting Techknow
{quote} To clarify, the first red line is where I said last night if we break it, we will make it to the second red line as our next resistance. Cheers
Currently pretty strong resistance, bounced off that 71750 mark.
  • #62
  • Mar 27, 2024 8:45am Mar 27, 2024 8:45am
Quoting Markyboi
{quote} Yes so my 4 hourly closes 10am, 2pm, 6pm, 10pm and so fourth. Am I an hour ahead of the actual closing times?
That isn't the way that it works. Your broker will have a default clock but lots of people 'customize' settings to move the time and some don't. Your 4 hr closes are as good as anybody's. Watch how the market reacts and decide from that point.
My broker and Tradingview are aligned with your interpretation.
  • #63
  • Mar 27, 2024 8:48am Mar 27, 2024 8:48am
Damn it and here i was looking for 71900. 150 dollars off isn't bad, I suppose, but Let's see if it holds.
TechKnow
  • #64
  • Mar 27, 2024 8:51am Mar 27, 2024 8:51am
Quoting Techknow
Damn it and here i was looking for 71900. 150 dollars off isn't bad, I suppose, but Let's see if it holds.
That 2k drop would have been lovely to ride, for sure.
  • #65
  • Mar 27, 2024 9:00am Mar 27, 2024 9:00am
Quoting Techknow
Damn it and here i was looking for 71900. 150 dollars off isn't bad, I suppose, but Let's see if it holds.
question is, how low will bitcoin come now?
  • #66
  • Mar 27, 2024 9:03am Mar 27, 2024 9:03am
Quoting Techknow
Check out this Nvida play. I love the hanging man here you could target the bottom of that with 1 position and then target around 820 or so with 1 and see if you can get lucky. Smart play is put them both into profit halfway down the hanging man to make it risk free. Nvidia is strong right now but this is a very defined low risk high reward trade. {image}
Absolutely lovely. Down to 899 from almost the very top. Will take off a bit here and put the stop in a little bit of profit so i walk away with money regardless. As I mentioned yesterday I dont have this on this broker but i trade it so i posted it anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: NVDA_2024-03-27_21-00-52.png Size: 34 KB
TechKnow
  • #67
  • Mar 27, 2024 9:05am Mar 27, 2024 9:05am
Quoting Markyboi
{quote} question is, how low will bitcoin come now?
I like the rejection. I see no reason we shouldn't be turning over against the high. But you know, its bitcoin. Just have to let it cook a bit and see how the action plays out. Time for my least favorite thing now that all trades are running nicely. .................Patience
TechKnow
  • #68
  • Mar 27, 2024 11:57pm Mar 27, 2024 11:57pm
And still just waiting on something to happen here, quite boring i imagine everyone getting ready for the news tonight. see ya around that time!
TechKnow
  • #69
  • Mar 28, 2024 3:57am Mar 28, 2024 3:57am
USDX is running, but I think it is a trap because it still needs to fill 104.342 from the almost gap filled
from earlier. I would expect that level to be hit sooner than later. Im not trading it, but I do use it to gauge other pairs. Cheers

106.663 also needs to be hit in USDX. It could plausibly hit first making a great set up for the next. However, really, anything that's happening right now, once again, doesn't matter until after the news and monthly close. Expect fireworks over the next 36 hours. Hold on to your accounts
TechKnow
  • #70
  • Mar 28, 2024 5:41am Mar 28, 2024 5:41am
Well, gold is doing as expected; this is why I couldn't shake my bullish stance. I knew it was going back up. It fit in my system and I could tell the candles were lying. I have my stop losses in profit now so no matter what its a win.
TechKnow
  • #71
  • Mar 28, 2024 5:54am Mar 28, 2024 5:54am
Quoting Techknow
Well, gold is doing as expected; this is why I couldn't shake my bullish stance. I knew it was going back up. It fit in my system and I could tell the candles were lying. I have my stop losses in profit now so no matter what its a win.
if it breaches the 2222 ATH we could see some very sharp quick jumps to 2250 at least.
  • #72
  • Mar 28, 2024 5:58am Mar 28, 2024 5:58am
I had a sell on for gold with tight stop loss at 2202.00 however it completely ignored that and stopped me out at 2205.76 (almost $4 over my SL). Has anything like this ever happened to you? I've emailed the broker just waiting on their response.
  • #73
  • Mar 28, 2024 6:14am Mar 28, 2024 6:14am
Quoting Markyboi
I had a sell on for gold with tight stop loss at 2202.00 however it completely ignored that and stopped me out at 2205.76 (almost $4 over my SL). Has anything like this ever happened to you? I've emailed the broker just waiting on their response.
Yes sir, many a times. Not so much these days as slippage with good brokers has declined a lot. What broker do you use?
TechKnow
  • #74
  • Mar 28, 2024 6:22am Mar 28, 2024 6:22am
Quoting Techknow
{quote} Yes sir, many a times. Not so much these days as slippage with good brokers has declined a lot. What broker do you use?
I know 3 other people with the same broker and same trade on, theirs was absolutely fine. I use FXGIANTS.
  • #75
  • Mar 28, 2024 6:32am Mar 28, 2024 6:32am
Quoting Markyboi
{quote} I know 3 other people with the same broker and same trade on, theirs was absolutely fine. I use FXGIANTS.
FX Giants is a branch of Iron FX, you need to get your money out as fast as you can.
TechKnow
  • #76
  • Mar 28, 2024 6:36am Mar 28, 2024 6:36am
T-minus 54 minutes till plausible chaos
TechKnow
  • #77
  • Mar 28, 2024 6:37am Mar 28, 2024 6:37am
I closed my longs at 2210 2211 area till after the news
Still super bullish but not interested in the whipsaw and craziness that may happen
TechKnow
  • #78
  • Mar 28, 2024 8:02am Mar 28, 2024 8:02am
Quoting Techknow
USDX is running, but I think it is a trap because it still needs to fill 104.342 from the almost gap filled from earlier. I would expect that level to be hit sooner than later. Im not trading it, but I do use it to gauge other pairs. Cheers 106.663 also needs to be hit in USDX. It could plausibly hit first making a great set up for the next. However, really, anything that's happening right now, once again, doesn't matter until after the news and monthly close. Expect fireworks over the next 36 hours. Hold on to your accounts
I knew it was some BS breakout, lets see if it fills the necessary area to continue on.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX_2024-03-28_20-02-05.png Size: 44 KB
TechKnow
  • #79
  • Mar 28, 2024 9:33am Mar 28, 2024 9:33am
Bit comin to 71900-7200 area again
TechKnow
  • #80
  • Mar 28, 2024 1:41pm Mar 28, 2024 1:41pm
Bitcoin hates that area, lets see if it wants to push down or just play more games
TechKnow
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