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  • #3,421
  • May 17, 2024 1:08am May 17, 2024 1:08am
price at recent support , i can either book profits or continue

only h4 macd is in my favor not daily
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  • #3,422
  • May 17, 2024 1:34am May 17, 2024 1:34am
Quoting PatienceFx
price at recent support , i can either book profits or continue only h4 macd is in my favor not daily {image}
So now what will be the exit condition for this short

Exactly opposite the sell condition
  • #3,423
  • May 17, 2024 1:39am May 17, 2024 1:39am
Quoting PatienceFx
{quote} never ignore a few things {image} {image}
i can either exit on h1 100 sma or just book it

since my basic condition of doubling the account is met
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  • #3,424
  • May 17, 2024 1:42am May 17, 2024 1:42am
Quoting PatienceFx
{quote} i can either exit on h1 100 sma or just book it since my basic condition of doubling the account is met {image}
1.08350 set for booking this short
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  • #3,425
  • May 17, 2024 2:32am May 17, 2024 2:32am
Quoting PatienceFx
{quote} 1.08350 set for booking this short {image}
Will the H4 hit that line?
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  • #3,426
  • May 17, 2024 2:47am May 17, 2024 2:47am
Quoting PatienceFx
{quote} never ignore a few things {image} {image}
Basic condition H1 RSI below 50
  • #3,427
  • May 17, 2024 3:56am May 17, 2024 3:56am
booked now i am off for the weekend
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  • #3,428
  • May 19, 2024 10:33pm May 19, 2024 10:33pm
Hint

  1. h4 chart
  2. yellowgreen line is last week high
  3. yellow line is last week close
  4. white line is pivot
  5. red line is last week low

now, suggest a trade

also suggest news events behind your logic

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  • #3,429
  • May 19, 2024 10:57pm May 19, 2024 10:57pm
Quoting PatienceFx
Hint h4 chart yellowgreen line is last week high yellow line is last week close white line is pivot red line is last week low now, suggest a trade also suggest news events behind your logic {image}
also suggest why the waiting time of this trade will increase
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  • #3,430
  • May 20, 2024 12:32am May 20, 2024 12:32am
Quoting PatienceFx
{quote} also suggest why the waiting time of this trade will increase {image}
boring day
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  • #3,431
  • May 20, 2024 3:35am May 20, 2024 3:35am
Quoting PatienceFx
Hint h4 chart yellowgreen line is last week high yellow line is last week close white line is pivot red line is last week low now, suggest a trade also suggest news events behind your logic {image}
The answer is given by the RSI H4/H1 position against the 100/200 SMA. The price is heading south guided by the news that will be published on Thursday.
  • #3,432
  • May 20, 2024 4:51am May 20, 2024 4:51am
going to book all trades at h1 100 sma
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  • #3,433
  • May 21, 2024 1:34am May 21, 2024 1:34am
basic condition

rsi below 50 is absent
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  • #3,434
  • May 21, 2024 5:55am May 21, 2024 5:55am
Quoting PatienceFx
basic condition rsi below 50 is absent {image}
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  • #3,435
  • May 21, 2024 8:59pm May 21, 2024 8:59pm
SMA 20 / 100
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  • #3,436
  • May 21, 2024 9:30pm May 21, 2024 9:30pm
H4 macd has corrected but RSI is not willing to break 50

Fed interest rate decision today

If nothing happens then daily chart Macd will take precedence
  • #3,437
  • May 21, 2024 10:41pm May 21, 2024 10:41pm
Quoting PatienceFx
H4 macd has corrected but RSI is not willing to break 50 Fed interest rate decision today If nothing happens then daily chart Macd will take precedence
also h1 100 sma is important to follow through

else we ignore buying
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  • #3,438
  • May 22, 2024 12:41am May 22, 2024 12:41am
Quoting PatienceFx
{quote} also h1 100 sma is important to follow through else we ignore buying {image}
Tomorrow News What’s expected what do you think?
  • #3,439
  • May 22, 2024 4:06am May 22, 2024 4:06am
Quoting Shawi
{quote} Tomorrow News What’s expected what do you think?
practically nothing, the 2% inflation target is not yet reached so no rate cut

and there is no need to increase rates
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  • #3,440
  • May 22, 2024 4:38am May 22, 2024 4:38am
rest is purely market positioning before data release

h4 rsi broke 50 & macd was already pointing down so this move was expected
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