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New Cable Thread & Other Pairs

  • #4,661
  • May 16, 2024 1:22am May 16, 2024 1:22am
Quoting pedro319
{quote} Same.
i jumped in the morning
...I Bet You Ain't Never Seen A Donkey Fly!
  • #4,662
  • May 16, 2024 1:29am May 16, 2024 1:29am
Quoting dilidanjaro
{quote} i jumped in the morning
Short against both levels, probability is high, either pullback or reversal still likely.
We watch the charts from every angle so you don't have to!!
  • #4,663
  • May 16, 2024 1:30am May 16, 2024 1:30am
Quoting pedro319
{quote} Short against both levels, probability is high, either pullback or reversal still likely.
and my sl is above monthly h., the RR worth it
...I Bet You Ain't Never Seen A Donkey Fly!
  • #4,664
  • May 16, 2024 1:40am May 16, 2024 1:40am
Bitcoin
Moving along.
We now have pattern to back up move to 73.000
H4 Inverse H&S.
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  • #4,665
  • May 16, 2024 1:51am May 16, 2024 1:51am
Gold
This my view for gold.
Pullback first and then continuation up. (Next week)
D1 Bfly Sell
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  • #4,666
  • May 16, 2024 2:10am May 16, 2024 2:10am
M30
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  • #4,667
  • May 16, 2024 2:22am May 16, 2024 2:22am
GM
As the dollar tries to recover, there are many stops above Asia H,
'In the clearing stands a boxer And a fighter by his trade..'
  • #4,668
  • May 16, 2024 2:25am May 16, 2024 2:25am
Quoting Luxyus
{quote} RSI is the BIBLE of a trader. once the setting are appropriate and the reading skills are well consolidated markets become more clear and the probability of correct forecast increase amazingly.
tbh it apply to all OB/OS indi's , the secret is to sync them with trend stages HHHL-LLLH , my fav is slow and fast stoch's , for example in uptrend if OB is HH price, next OS should be HL price and vice versa for downtrend, if OS is LL price, next OB should be LH price. sideway market is a danger zone.

I like your signature "chaos is just unknown order" , but math expose chaos order and make it known here are 2 examples:

dividing periods equally in price & time for future S/R

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dynamic time-based period levels

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #4,669
  • May 16, 2024 3:20am May 16, 2024 3:20am
Quoting GOR
GM As the dollar tries to recover, there are many stops above Asia H,
as it always is the case with a new high... the question to me is how much gas do the bulls have left in their tank?

IMO yesterday's PA was caused by sentiment, rather than a shift of fundamentals. Yes, data was weak for USD but that hasnt changed the overall picture or any rate discussion (see CME Probabilities for reference).

If you need to sustain a "BS" move, you need a lot of momentum and committment. How long is that gonna last?
EDIT: strong one directional moves are fragile in either direction. IF the retracement/correction starts, the SLs will do their part in accelerating any moves.

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  • #4,670
  • May 16, 2024 3:32am May 16, 2024 3:32am
Quoting Kwt4x
{quote} tbh it apply to all OB/OS indi's , the secret is to sync them with trend stages HHHL-LLLH , my fav is slow and fast stoch's , for example in uptrend if OB is HH price, next OS should be HL price and vice versa for downtrend, if OS is LL price, next OB should be LH price. sideway market is a danger zone. I like your signature "chaos is just unknown order" , but math expose chaos order and make it known here are 2 examples: dividing periods equally in price & time for future S/R {image} dynamic time-based period levels {image} cheers,...
great, i use combination [SLOW] 14 -[FAST] 3 too, stochastic superfast 3,3,3 and combined RSI applied on high and low

about my signature, probably i ve not make understandable couse my bad english, the meaning is that there isn't chaos, everything has a perfect order that awaits to be decoded, obviously through math
chaos is just unknown order
  • #4,671
  • May 16, 2024 3:35am May 16, 2024 3:35am
First mission... break below 1.0866

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  • #4,672
  • May 16, 2024 3:39am May 16, 2024 3:39am
Quoting minhtri
H1{image} {image}
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  • #4,673
  • May 16, 2024 3:40am May 16, 2024 3:40am
I will be scalping short as well agaisnt those 2 levels posted.
I use 1 min chart pullbacks to enter. 5 to 10 pips profit each time is good enough.
This is valid until levels get broken or we reach 1.0726.
Good trading.
We watch the charts from every angle so you don't have to!!
  • #4,674
  • May 16, 2024 3:41am May 16, 2024 3:41am
Quoting Luxyus
{quote} great, i use combination [SLOW] 14 -[FAST] 3 too, stochastic superfast 3,3,3 and combined RSI applied on high and low about my signature, probably i ve not make understandable couse my bad english, the meaning is that there isn't chaos, everything has a perfect order that awaits to be decoded, obviously through math
most traders think the markets are random and not organized aka chaos, so your signature make sense and nothing wrong with your english
"the public is not yet ready for it" W.D. GANN
  • #4,675
  • May 16, 2024 3:47am May 16, 2024 3:47am
Quoting pedro319
I will be scalping short as well agaisnt those 2 levels posted. I use 1 min chart pullbacks to enter. 5 to 10 pips profit each time is good enough. This is valid until levels get broken or we reach 1.0726. Good trading.
Just to confirm 1.0726 or 1.0826
  • #4,676
  • May 16, 2024 3:51am May 16, 2024 3:51am
Quoting Bloodwish
{quote} Just to confirm 1.0726 or 1.0826
I am sorry, 1.0826 indeed.
We watch the charts from every angle so you don't have to!!
  • #4,677
  • May 16, 2024 3:55am May 16, 2024 3:55am
If you are going to live in a tent, at least do it in style!!
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  • #4,678
  • May 16, 2024 4:08am May 16, 2024 4:08am
Stupid question. So how do you count higher high's and lower lower low's. I mean if I was say looking at a 4hrchart where would be the start of a higher high? a higher high on the left of the chart can be a lower high of a past chart pattern. So where to start and where to end for the count? Enlighten me please. Put an image please
  • #4,679
  • Edited 6:59am May 16, 2024 4:20am | Edited 6:59am
EURUSD

Morning, what a day yesterday for many of us, I woke up with back pain from sleeping in the tent

Yesterday after the CPI release I got stopped out from the short position I had at 1.0834 and I opened another short position at 1.0865 which is the one I have active right now (with SL at 1.0905).

For those of you in a similar situation (with open short positions above 1.0830, right now the only exit strategy I see is the 1.0827 level that @pedro319 has already mentioned (FIB 88.6 extension of the bullish shark that seems to be forming and possible W&R from the lows looking for a D1 candle close above 1.0837.

So if this pattern completes and the Asian highs are not cleared first, that's the point I'm looking for to unwind my shorts.
@Fran_Trades
  • #4,680
  • Edited 4:38am May 16, 2024 4:22am | Edited 4:38am
Quoting SmallGains
{quote} Oh so close to that margin call lol. No other choice now but to wait and see. Might take a day a week or a month who knows. Not to stressed about it.
Take a look at 1.0827 if you still have opened short positions, it would be a good level to unwind them if we ever get there
@Fran_Trades
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