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New Cable Thread & Other Pairs

  • #3,621
  • May 2, 2024 2:42am May 2, 2024 2:42am
Quoting pedro319
{quote} There is this strange notion that taking trades every five minutes is great! Wrong!! You need maybe only one trade a day, that is all!!
That's true..
...I Bet You Ain't Never Seen A Donkey Fly!
  • #3,622
  • May 2, 2024 2:52am May 2, 2024 2:52am
Quoting pedro319
{quote} There is this strange notion that taking trades every five minutes is great! Wrong!! You need maybe only one trade a day, that is all!!
yes pedro, thats true.

if i cause confusion here, then i trade these short trades on the original cable thread.
I can fully understand that and don't take it personally.

i have found my approach over many years, which is constantly evolving.
nobody is finished, as terry said.
and the MMs always find new ways to surprise you and hit wild hacks;-)

the approach has to fit your personality, circumstances, age, quality of life, relationships with other people (whether you have children or a wife or a carer) and temperament.
it takes a long time to find out who you are and what you want from the markets.
trading is like dancing, don't think and just listen to the music!
  • #3,623
  • May 2, 2024 2:53am May 2, 2024 2:53am
Quoting pedro319
{quote} There is this strange notion that taking trades every five minutes is great! Wrong!! You need maybe only one trade a day, that is all!!
Also USDCHF maybe done at least temporarily...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFDaily.png Size: 16 KB
  • #3,624
  • May 2, 2024 2:55am May 2, 2024 2:55am
Quoting birdland
{quote} yes pedro, thats true. if i cause confusion here, then i trade these short trades on the original cable thread. I can fully understand that and don't take it personally. i have found my approach over many years, which is constantly evolving. nobody is finished, as terry said. and the MMs always find new ways to surprise you and hit wild hacks;-) the approach has to fit your personality, circumstances, age, quality of life, relationships with other people (whether you have children or a wife or a carer) and temperament. it takes a long time...
It was not directed at you or anybody in particular, just friendly advice.
I put likes on your posts because I appreciate your trades and you very welcome here.
Tks.
We watch the charts from every angle so you don't have to!!
  • #3,625
  • May 2, 2024 2:56am May 2, 2024 2:56am
Quoting LoneTrader1
{quote} Also USDCHF maybe done at least temporarily... {image}
For me to comment on this pair I have to have a look at all tfs...is that what you want me to do??
We watch the charts from every angle so you don't have to!!
  • #3,626
  • May 2, 2024 3:00am May 2, 2024 3:00am
Quoting pedro319
{quote} There is this strange notion that taking trades every five minutes is great! Wrong!! You need maybe only one trade a day, that is all!!
Agreed, for me one trade of 3R makes my day, in scalp or to catch a nice leg,
Looks like I'm done for the day, maybe I'll try again with 1/3 risk,
'In the clearing stands a boxer And a fighter by his trade..'
  • #3,627
  • May 2, 2024 3:05am May 2, 2024 3:05am
Quoting GOR
{quote} Agreed, for me one trade of 3R makes my day, in scalp or to catch a nice leg, Looks like I'm done for the day, maybe I'll try again with 1/3 risk,
There are exceptions, if you see very good setup in front of you or a level that you have been waiting for a while.
I think frequency of trading according to timeframe should resemble something like this:
D1- 1-2 trades a week.
H4-2-4 / week
H1 8 / week maybe 1-2 /day
If you agree put a like.
Tks
We watch the charts from every angle so you don't have to!!
  • #3,628
  • May 2, 2024 3:06am May 2, 2024 3:06am
Quoting pedro319
{quote} For me to comment on this pair I have to have a look at all tfs...is that what you want me to do??
You can have a quick glance if you want, 4 green monthly candles and it reached previous swing high.
  • #3,629
  • May 2, 2024 3:08am May 2, 2024 3:08am
GU and EU are so obvious short candidates that it makes me suspicious;-)

here GU from the h4 view (EU looks similar)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
trading is like dancing, don't think and just listen to the music!
  • #3,630
  • May 2, 2024 3:11am May 2, 2024 3:11am
Quoting birdland
GU and EU are so obvious short candidates that it makes me suspicious;-) here GU from the h4 view (EU looks similar) {image}
Maybe a short from here to yesterdays low.
Looking for profitable short term trades ...|
  • #3,631
  • May 2, 2024 3:12am May 2, 2024 3:12am
Quoting Js3mwtRc
{quote} Maybe a short from here to yesterdays low.
yes, if i would be a position/swingtrader i would definitely be short and wait now
trading is like dancing, don't think and just listen to the music!
  • #3,632
  • May 2, 2024 3:14am May 2, 2024 3:14am
Quoting birdland
from time to time and when i have time i sit down and do what i call "hardcore scalping" on m1. its fun. the trick is only small size to my normal size and multiple positions. {image}
More hardcore please
every Saint has a past. Every Sinner has a Future
  • #3,633
  • May 2, 2024 3:16am May 2, 2024 3:16am
Attached Image (click to enlarge)
Click to Enlarge Name: 511.png Size: 14 KB
  • #3,634
  • May 2, 2024 3:16am May 2, 2024 3:16am
Quoting LoneTrader1
{quote} You can have a quick glance if you want, 4 green monthly candles and it reached previous swing high.
USDCHF
M1 0.94474 is 61.8 + overbought (very big thing if price gets here)

W1 0.92356 previous highs same tf + 1.618 extension (Bounce has started and is probably 38.2 full swing)

D1 Last lows on the daily should be challenged

Conclusion: on this pair now I would be looking for pullbacks to short.
We watch the charts from every angle so you don't have to!!
  • #3,635
  • May 2, 2024 3:26am May 2, 2024 3:26am
Quoting birdland
{quote} yes, if i would be a position/swingtrader i would definitely be short and wait now
I am, targeting 1.0630!
Looking for profitable short term trades ...|
  • #3,636
  • May 2, 2024 3:31am May 2, 2024 3:31am
Good luck.. imo no reason for long today.. it should be smooth down.
  • #3,637
  • May 2, 2024 3:35am May 2, 2024 3:35am
I will short the euro even against my own mother!!

EURAUD
H1 classic consolidation triangle.
Nearly 100 pips so far...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 12 KB
We watch the charts from every angle so you don't have to!!
  • #3,638
  • Edited 4:48am May 2, 2024 3:40am | Edited 4:48am
EU
Has classic pattern too...
D1 bullish flag. same as DXY.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 10 KB
We watch the charts from every angle so you don't have to!!
  • #3,639
  • May 2, 2024 3:42am May 2, 2024 3:42am
Quoting birdland
GU and EU are so obvious short candidates that it makes me suspicious;-) here GU from the h4 view (EU looks similar) {image}
My chart is similar, so maybe I'm doing something right)
DXY in control, in key levels and good prices DXY still comes into the market, short or longer term,
Attached Image (click to enlarge)
Click to Enlarge Name: 2.5 GU.png Size: 8 KB
'In the clearing stands a boxer And a fighter by his trade..'
  • #3,640
  • May 2, 2024 3:43am May 2, 2024 3:43am
EU
H4
Here you can see what is all the fuss about!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 7 KB
We watch the charts from every angle so you don't have to!!
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