@michaelsch well said about the diamond pattern also i can see highs are still respected and protected guess we just have to wait and see how the market plays out
first-boss SELL HIGH BUY LOW!!!
2
- #196,744
- May 13, 2024 2:57pm May 13, 2024 2:57pm
- Joined Dec 2015 | Status: Trader | 2,586 Posts
Perfection is the enemy of good enough!
- #196,749
- May 13, 2024 5:07pm May 13, 2024 5:07pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,033 Posts
Patience, Emotion Control and Discipline.
- #196,750
- Edited 8:29pm May 13, 2024 7:42pm | Edited 8:29pm
- Joined Jul 2022 | Status: Trader | 1,412 Posts
Waiting for euro to retest and hold the breakout point so I can go long.
Maafakas could try to "play us" with this to take out sellers SL, before it resumes UP move. Gotta watch PA
- #196,751
- May 13, 2024 10:44pm May 13, 2024 10:44pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,489 Posts
EUR/USD backed from a 1.0807 high towards 1.0760/65 support, these two levels now can serve as support and resistance for the day until one of these breaks EU should trade tight inside the range. Above 1.0812 and 1.0827 comes next if EU rise up and below 1.0738 is where it might headed on a break down. More levels on the 1 hour chart.
Daily volatility (range) 40 pips
Option expiries for Tuesday: 1.0650 (EU1.87b), 1.0750 (EU1.34b) source: financialjuice.com
Significant news - US PPI
Green pips!
Daily volatility (range) 40 pips
Option expiries for Tuesday: 1.0650 (EU1.87b), 1.0750 (EU1.34b) source: financialjuice.com
Significant news - US PPI
Green pips!
Looking for profitable short term trades ...|
- #196,752
- May 13, 2024 11:19pm May 13, 2024 11:19pm
- Joined Jan 2021 | Status: Trader | 2,622 Posts
{quote} Looks like some selling is entering right now, it may retest Maafakas could try to "play us" with this to take out sellers SL, before it resumes UP move. Gotta watch PA
- #196,753
- Edited May 14, 2024 12:11am May 13, 2024 11:24pm | Edited May 14, 2024 12:11am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Happy Taco Tuesday everyone
!!!
Today is mostly a managing day for me, no intraday entries before news. For exits, will mostly be using CLosings of candles instead of mostly using market price, courtesy of Mr.News and its Caravan of instable Wick Dancers 
.
A million years ago, when I used high-leverage, the following saved me more times than I can count:
For now, as long as price is within or > the high wicks/shadows of the previous 4 failed attempts(May 3, 6, 7, 9-10) to breakout above 0780s (noting the vast majority of closing candles below, despite >0790 rides.), me bulls are happier still...
If the breakout had not occurred, like prior to yesterday, it would be the complete opposite, bears would be happy in that zone
.
In those wicks lied the best opportunities to sell for that period of time.
This "flip" also highlights how close price is to reverse, again, and one of the many reasons why I take nothing for granted, ever; staying cool, no matter how many times Mr.Price "flips" dynamics, before finally making a more durable and stable choice
.
Alas the 5th attempt, yesterday, worked
Now, as Mr.Price dances above those determinate May 3,6,7,9-10 candle bodies(lets say 3H bodies), so does the Bull family
But we can see how close their sand castle is to crumbling, so young and fresh it is.
The tide has to stay far from it !
Mr.Price must not venture south unless it is only for very seldom tip-toing in the warmer sands of BearLand, and not for too long either, or he might fall prey to their delicious honey cuisine
!
So no <0780 allowed!
In the spirit of this intraday uptrend AND the +-70 weeks +-400 Ranging Heaven, let's finally get back on the road to meet with the upper end, again 
Price is now coming with force from the lows
And if price simply continues doing what it has been doing, next stop
, is the Middle, 0850, .
To all, for the whole of this Taco Tuesday, Lots of joy, peace, love and, of course, laughter. For it not only hurts our cheeks, but it also helps make the hardest things tolerable.
Big Cheers!
!!!Today is mostly a managing day for me, no intraday entries before news. For exits, will mostly be using CLosings of candles instead of mostly using market price, courtesy of Mr.News and its Caravan of instable Wick Dancers
.A million years ago, when I used high-leverage, the following saved me more times than I can count:
{quote}0780 to 0805 without any 15m bear candles, in such a tight range, would be much more further, steadier, and much faster move than usual. Perhaps too far too steady too fast TO last. At 0805, if it ever gets there, I would wait for 1H candle close, if close above stay in and/or open more, if close below, exit and/or exit some. Or some setup happening around that, and react accordingly... But, except for those with SLs or TPs, I keep all, but only because of the bulk of my positions which are not only impacted by every day intraday...
If the breakout had not occurred, like prior to yesterday, it would be the complete opposite, bears would be happy in that zone
.In those wicks lied the best opportunities to sell for that period of time.
This "flip" also highlights how close price is to reverse, again, and one of the many reasons why I take nothing for granted, ever; staying cool, no matter how many times Mr.Price "flips" dynamics, before finally making a more durable and stable choice
.Alas the 5th attempt, yesterday, worked
Now, as Mr.Price dances above those determinate May 3,6,7,9-10 candle bodies(lets say 3H bodies), so does the Bull family
But we can see how close their sand castle is to crumbling, so young and fresh it is.
The tide has to stay far from it !
Mr.Price must not venture south unless it is only for very seldom tip-toing in the warmer sands of BearLand, and not for too long either, or he might fall prey to their delicious honey cuisine
!So no <0780 allowed!
In the spirit of this intraday uptrend AND the +-70 weeks +-400 Ranging Heaven, let's finally get back on the road to meet with the upper end, again
Price is now coming with force from the lows
And if price simply continues doing what it has been doing, next stop
, is the Middle, 0850, .To all, for the whole of this Taco Tuesday, Lots of joy, peace, love and, of course, laughter. For it not only hurts our cheeks, but it also helps make the hardest things tolerable.
Big Cheers
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #196,755
- May 14, 2024 1:48am May 14, 2024 1:48am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Quick H4 Outlook
- We have a bullish channel and its range is roughly between ~1.0842 to ~1.0687 with current picture in mind!
- That said, based on the inner dynamics of this channel my nearest resistance sits roughly at ~1.0805. For bears this is a very important level to protect. Because a potential attack to 1.0842 could create momentum which then could turn the overall correction on DAILY timeframe into a bullish trend. That would be a disappointment for bears, so we must watch PA very careful around these highs!
- My nearest support sits around 1.0767 which bears have to defeat first that could then create momentum to break out from the channel.
- Long story short: For now, bulls are still intact, so trade accordingly and don't rush! (Especially bears!)
Happy trading day to all 
Focus only on what truly matters!
- #196,758
- May 14, 2024 3:28am May 14, 2024 3:28am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,489 Posts
EUR/USD backed from a 1.0807 high towards 1.0760/65 support, these two levels now can serve as support and resistance for the day until one of these breaks EU should trade tight inside the range. Above 1.0812 and 1.0827 comes next if EU rise up and below 1.0738 is where it might headed on a break down. More levels on the 1 hour chart. Daily volatility (range) 40 pips Option expiries for Tuesday: 1.0650 (EU1.87b), 1.0750 (EU1.34b) source: financialjuice.com Significant news - US PPI {image} Green pips!
More option expiries for today
Looking for profitable short term trades ...|
- #196,760
- May 14, 2024 4:15am May 14, 2024 4:15am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,033 Posts
Patience, Emotion Control and Discipline.