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New Cable Thread & Other Pairs

  • #3,641
  • May 2, 2024 3:47am May 2, 2024 3:47am
Quoting Whale
Good luck.. imo no reason for long today.. it should be smooth down.
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  • #3,642
  • May 2, 2024 4:09am May 2, 2024 4:09am
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"the public is not yet ready for it" W.D. GANN
  • #3,643
  • May 2, 2024 4:10am May 2, 2024 4:10am
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}
Quoting turnip15
{quote} More hardcore please
Don't you get sore balls (eye)!!
Success = Practice + Patience + Persistence
  • #3,644
  • May 2, 2024 4:12am May 2, 2024 4:12am
Quoting pedro319
EU Has classic pattern too... D1 bearish flag. which is the mirror of DXY. {image}
I think you will find thats a bullish pattern
Its all just one persons opinion
  • #3,645
  • May 2, 2024 4:18am May 2, 2024 4:18am
Quoting axecap
{quote} I think you will find thats a bullish pattern
You are right.
My mistake.
Tks

It was just to see if everyone was paying attention... they clearly weren't!! Well done you!
We watch the charts from every angle so you don't have to!!
  • #3,646
  • May 2, 2024 4:19am May 2, 2024 4:19am
EU
Guys pa is not looking great from the bear point of view atm. If price gets back into the channel I am going to wait for 1.08 to short again.
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We watch the charts from every angle so you don't have to!!
  • #3,647
  • May 2, 2024 4:34am May 2, 2024 4:34am
Gold

Finally all postions in profit (after I stayed long yesterday )

I believe in continuation of Gold downtrend. Somebody with me?
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  • #3,648
  • May 2, 2024 4:34am May 2, 2024 4:34am
EURUSD

Good morning!

For me it now comes down to whether we will visit the downtrend line at D1 before falling or whether we will fall from here. I want to see considerable rejection of 1.0690 to think of a possible inverse H&S and patterns ending at 1.0790.
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@Fran_Trades
  • #3,649
  • May 2, 2024 4:39am May 2, 2024 4:39am
Quoting Mihisti
Gold Finally all postions in profit (after I stayed long yesterday ) I believe in continuation of Gold downtrend. Somebody with me? {image}
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I am with you my friend
Let the market make the money for us.
I am 15% ++ profits on these trades.
  • #3,650
  • May 2, 2024 4:43am May 2, 2024 4:43am
Quoting Mihisti
Gold Finally all postions in profit (after I stayed long yesterday ) I believe in continuation of Gold downtrend. Somebody with me? {image}
Of course I am in it to win it!
Market not responding as well as it should but so far is going the right direction.
I am just getting a bit of a weird vibe, maybe it's nothing.
We watch the charts from every angle so you don't have to!!
  • #3,651
  • Edited 6:26am May 2, 2024 5:46am | Edited 6:26am
EURUSD

For now I'm seeing W1 Gartley buy + W1 AB/CD buy + D1 downtrend trendline + D1 0.5 FIB + potential bearish Butterfly and inverse H&S on LTF to confirm TP of the above.

Also, this month's fundamentals and Powell's words yesterday are bearish for the USD (until tomorrow's NFP confirm or deny it).

Given that the EU will lead the rate cut against the USD by at least 1 month, 1.0790 looks like a good opportunity for the MM's to sell from higher.

NY session looks interesting (I hope)
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@Fran_Trades
  • #3,652
  • May 2, 2024 6:14am May 2, 2024 6:14am
Quoting Mihisti
Gold Finally all postions in profit (after I stayed long yesterday ) I believe in continuation of Gold downtrend. Somebody with me? {image}
Testing back the 50 MA and hope it will continue down.
  • #3,653
  • May 2, 2024 6:26am May 2, 2024 6:26am
Quoting Mihisti
{quote} Testing back the 50 MA and hope it will continue down.
I believe gold will touch 2285, Still holding my trades.
https://www.forexfactory.com/attachm...0?d=1714646545
  • #3,654
  • May 2, 2024 6:26am May 2, 2024 6:26am
Quoting Mihisti
{quote} Testing back the 50 MA and hope it will continue down.
Are you making a tonne? You must be!!
You should be taking some profit anyway!!
We watch the charts from every angle so you don't have to!!
  • #3,655
  • May 2, 2024 6:46am May 2, 2024 6:46am
Quoting pedro319
{quote} Are you making a tonne? You must be!! You should be taking some profit anyway!!
Unfortunatelly no because a bad money managment and high risk taken. . I want to build up a capital from this reason I taking higher risk. But still I have neutral results. I need to trade more safety. Yesterday for example I didn't closed my long on Gold. Open position was 2300. I just arrived back to BE.

So I hope I can became better also in risk and money managment.
  • #3,656
  • May 2, 2024 6:50am May 2, 2024 6:50am
Quoting Mihisti
Gold Finally all postions in profit (after I stayed long yesterday ) I believe in continuation of Gold downtrend. Somebody with me? {image}
danger but 4h and below are downtrend.

good luck.

im waiting for better sign
  • #3,657
  • May 2, 2024 6:52am May 2, 2024 6:52am
Quoting Mihisti
{quote} Unfortunatelly no because a bad money managment and high risk taken. . I want to build up a capital from this reason I taking higher risk. But still I have neutral results. I need to trade more safety. Yesterday for example I didn't closed my long on Gold. Open position was 2300. I just arrived back to BE. So I hope I can became better also in risk and money managment.
OK. Work harder on that bit!! Makes all the difference!
We watch the charts from every angle so you don't have to!!
  • #3,658
  • May 2, 2024 7:02am May 2, 2024 7:02am
EURUSD,
price in the middle of nowhere, below monthy pivot and just above weekly pivot,
since tuesday we did not made any new high on daily which favours bears, but on H1 we can see bullish flag pattern

for me taking postion now will not be comfortable
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  • #3,659
  • May 2, 2024 7:14am May 2, 2024 7:14am
As always as Red news (which I love by the way) approach, you should take at least half on any shorts from last night or this morning.
We watch the charts from every angle so you don't have to!!
  • #3,660
  • May 2, 2024 7:16am May 2, 2024 7:16am
EURUSD

The moment of truth has arrived, awaiting a W&R from the lows breaking 1.0692 and touching 1.0684. Only if that scenario is confirmed will I add more longs.

Good luck to everyone!
@Fran_Trades
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