Holy Betting Grail strategy
- #194,742
- Apr 12, 2024 5:07am Apr 12, 2024 5:07am
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
{quote} So be it.. No problem there... BUT Goldman Sachs or similar corporations trade the monthly, quarterly or yearly... We intraday traders are not looking for such significant retracements. 30 to 60 pips retracements are already major retracements for us. Please keep that in mind. Best wishes*I should change thread title to "EURUSD intraday only"
Stop Procrastinating
- #194,744
- Apr 12, 2024 5:14am Apr 12, 2024 5:14am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,424 Posts
The drop is very premature, given that an upcoming bear trend was mentioned on my weekly and monthly charts. Not this early though and not without a proper retracement. I have no more levels... What is left in my calculations are extremes: 1.0642 area and 1.0625 max... Overall, I still stick to 1.0692 area as the main rescue level... While below, I trade with super caution but I expect bulls to recover latest Monday! {image}
Looking for profitable short term trades ...|
- #194,745
- Apr 12, 2024 5:14am Apr 12, 2024 5:14am
The beast blew past any levels I had on the short term downside.
Retreating to the daily where i could offer..
1.0655 as the NOV 10th '23 uptrend/low
1.063X Monthly S2 Pivot
1.0614 NOV'23 low
... but today's PA is a dangerours game to play - that i quite honestly cant explain/understand. Stay safe!
Retreating to the daily where i could offer..
1.0655 as the NOV 10th '23 uptrend/low
1.063X Monthly S2 Pivot
1.0614 NOV'23 low
... but today's PA is a dangerours game to play - that i quite honestly cant explain/understand. Stay safe!
Don't follow my trades. Challenge my Analysis!
- #194,746
- Apr 12, 2024 5:18am Apr 12, 2024 5:18am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
The beast blew past any levels I had on the short term downside. Retreating to the daily where i could offer.. 1.0655 as the NOV 10th '23 uptrend/low 1.063X Monthly S2 Pivot 1.0614 NOV'23 low ... but today's PA is a dangerours game to play - that i quite honestly cant explain/understand. Stay safe! {image}
Focus only on what truly matters!
- #194,747
- Apr 12, 2024 5:21am Apr 12, 2024 5:21am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} That last extension pattern to 1.0642 is genious!
Focus only on what truly matters!
- #194,749
- Apr 12, 2024 5:29am Apr 12, 2024 5:29am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,424 Posts
Looking for profitable short term trades ...|
- #194,750
- Apr 12, 2024 5:33am Apr 12, 2024 5:33am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
what about this level?
I'll Sell when price is heading to Hell
- #194,752
- Apr 12, 2024 5:38am Apr 12, 2024 5:38am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
what about this level? {image}
Best wishes
Focus only on what truly matters!
- #194,754
- Apr 12, 2024 5:50am Apr 12, 2024 5:50am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
{quote} Measure 10 other places from the past and see how much candles respected the 100 line of fib expansion.. You will see it doesn't respect it many times... so have it in your mind but don't rely just solely on it.. Best wishes
but I don't see any reversal pattern at the moment so I try to find a level where it could happen.
that's all
I'll Sell when price is heading to Hell
- #194,755
- Apr 12, 2024 5:59am Apr 12, 2024 5:59am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} yes that's true but I don't see any reversal pattern at the moment so I try to find a level where it could happen. that's all
Best wishes
Focus only on what truly matters!
- #194,756
- Apr 12, 2024 6:02am Apr 12, 2024 6:02am
- Joined Apr 2012 | Status: Trader | 1,107 Posts
{quote} That's why I posted... Instead of fib expansion try magnetic lines.. I did.. it shows 1.0642 area.. Still can fail but at least more reliable compared to fib expansion... Best wishes
I'll Sell when price is heading to Hell
