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New Cable Thread & Other Pairs

  • #4,961
  • May 21, 2024 6:39am May 21, 2024 6:39am
EJ
Started dropping... let's see if we get proper momentum down.
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  • #4,962
  • May 21, 2024 6:47am May 21, 2024 6:47am
what was the volatility for?, or was there any news.
  • #4,963
  • May 21, 2024 7:06am May 21, 2024 7:06am
Quoting pedro319
{quote} The reason I am not buying is not only because it's not worth my time it's also because I don't see it going much higher than the levels we talked. I have better moves elsewhere. Support is the same as last week, 49-45 confluence, only closed candles count.
Absolutely, we don't know where the top of this "bullish" month will be, but we know that next month's story is likely to be very different.
@Fran_Trades
  • #4,964
  • May 21, 2024 7:08am May 21, 2024 7:08am
Quoting pedro319
EJ Started dropping... let's see if we get proper momentum down.
Got some.
I am selling Gold at 2430 adding 2450
I only follow traders with IQ above 160
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  • #4,965
  • May 21, 2024 7:43am May 21, 2024 7:43am
Quoting pedro319
{quote} The reason I am not buying is not only because it's not worth my time it's also because I don't see it going much higher than the levels we talked. I have better moves elsewhere. Support is the same as last week, 49-45 confluence, only closed candles count.
Going down but needs to break below 1.0835 until then I see choppy price action.
Looking for profitable short term trades ...|
  • #4,966
  • May 21, 2024 8:36am May 21, 2024 8:36am
When I am feeling the most urgency to buy/sell or to exit a trade I know I need to wait to buy/sell and hold on just a little longer as it close.....they want me to get that feeling so I make stupid decisions. So I am going to wait it out unless we hit higher targets that I know if I put a sell in the likelihood will be profitable. Mind games almost all this is and I want to be a more patient trader. I got time to wait and see.

Most my trades I have held for a week now. What is another week if need be.
  • #4,967
  • May 21, 2024 8:40am May 21, 2024 8:40am
Quoting SmallGains
When I am feeling the most urgency to buy/sell or to exit a trade I know I need to wait to buy/sell and hold on just a little longer as it close.....they want me to get that feeling so I make stupid decisions. So I am going to wait it out unless we hit higher targets that I know if I put a sell in the likelihood will be profitable. Mind games almost all this is and I want to be a more patient trader. I got time to wait and see. Most my trades I have held for a week now. What is another week if need be.
Just when it's making some sense to jump in a trade - they create the confusion. I do have the bears slightly with more momentum right now, but 1.085 is looking extra hard to break It's been major support. I know they have their eyes on 1.0825. Send me a msg when you figure it out I think I will monitor as well for now.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #4,968
  • May 21, 2024 8:46am May 21, 2024 8:46am
Quoting Fxgfitking
{quote} Just when it's making some sense to jump in a trade - they create the confusion. I do have the bears slightly with more momentum right now, but 1.085 is looking extra hard to break It's been major support. I know they have their eyes on 1.0825. Send me a msg when you figure it out I think I will monitor as well for now.
I don't see anything special about 1.0850 it's just intraday confluence support.
Real support can be found at 1.0740, that would make me buy it. There is also 1.0780, still quite good and 1.0825, the worst of the lot.
So the deeper we go I will throw the car and the tent in ascending order onto a buy. Not if it takes forever to get there!!
I am still very committed to short this pair all the way to parity!
We watch the charts from every angle so you don't have to!!
  • #4,969
  • May 21, 2024 8:51am May 21, 2024 8:51am
Quoting Bflyfx
{quote} Got some. I am selling Gold at 2430 adding 2450
I am not so interested in selling but it seems you have a winner!
Support at 2400 and 2370.
We watch the charts from every angle so you don't have to!!
  • #4,970
  • May 21, 2024 8:51am May 21, 2024 8:51am
Quoting Fxgfitking
{quote} Just when it's making some sense to jump in a trade - they create the confusion. I do have the bears slightly with more momentum right now, but 1.085 is looking extra hard to break It's been major support. I know they have their eyes on 1.0825. Send me a msg when you figure it out I think I will monitor as well for now.
I really don't know if its bears gaining control or if bulls are just tired and waiting to make another good push during this consolidating.

Also I am watching what price is against this big green candle day. Watching to see if it breaks above or below and actually holds. Right now looks like a flag after it so consolidation and no real decision being made. At least that is what I am seeing.....I may be wrong though....
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  • #4,971
  • Edited 9:04am May 21, 2024 8:53am | Edited 9:04am
Quoting pedro319
{quote} I don't see anything special about 1.0850 it's just intraday confluence support. Real support can be found at 1.0740, that would make me buy it. There is also 1.0780, still quite good and 1.0825, the worst of the lot. So the deeper we go I will throw the car and the tent in ascending order onto a buy. Not if it takes forever to get there!! I am still very committed to short this pair all the way to parity!
Yea in my charts 1.085 is nothing special as well, however I had it marked a few days ago as a key support if bulls want to stay somewhat in control. I also mentioned once we get to 1.0825 that's when I will be more bearish. The biggest support is 1.074ish which I have as a key support for the trend to either go back up or continue down. I started trying to bring this down with you at 1.082 last week so don't worry I'm with you
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #4,972
  • May 21, 2024 8:56am May 21, 2024 8:56am
Quoting Fxgfitking
{quote} Yea in my charts 1.085 is nothing special as well, however I had it marked a few days ago as a key support if bulls want to sty somewhat in control. I also mentioned once we get to 1.0825 that's when I will be more bearish. The biggest support is 1.074ish which I have as a key support for the trend to either go back up or continue down. I started trying to bring this down with you at 1.082 last week so don't worry I'm with you
You got this!!
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  • #4,973
  • May 21, 2024 9:03am May 21, 2024 9:03am
Gold
To jump in again targeting 2500 and beyond, I want to see something like this.

H4 Bfly buy 2351 and 2327, in the meantime we should still get smaller bounces from levels posted before.
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We watch the charts from every angle so you don't have to!!
  • #4,974
  • May 21, 2024 9:21am May 21, 2024 9:21am
Quoting SmallGains
When I am feeling the most urgency to buy/sell or to exit a trade I know I need to wait to buy/sell and hold on just a little longer as it close.....they want me to get that feeling so I make stupid decisions. So I am going to wait it out unless we hit higher targets that I know if I put a sell in the likelihood will be profitable. Mind games almost all this is and I want to be a more patient trader. I got time to wait and see. Most my trades I have held for a week now. What is another week if need be.
whenever comes in mind all this toughts process u have to make only one thing. Don t take the trade or close the trade.
And let me give u a hint without arrogance or superiority fellings, have u ever heard of obligato in a music sheet?
-from wiki
In Western classical music, obbligato (Italian pronunciation: [obbliˈɡaːto], also spelled obligato[1]) usually describes a musical line that is in some way indispensable in performance. Its opposite is the marking ad libitum. It can also be used, more specifically, to indicate that a passage of music was to be played exactly as written, or only by the specified instrument, without changes or omissions. -

well, the same thing exist in the market, price at a certain point are obliged to make a specific move, u have just to focus on what are, when they happen. A SL for safety, and constant profit granted. No more junky trades. The best approach u can have.


super golden advice.
chaos is just unknown order
  • #4,975
  • May 21, 2024 9:33am May 21, 2024 9:33am
EU
Favourite scenario includes breakout of D1 triangle consolidation pattern, completion of H4 Bfly sell at 1.0910 and collapse.
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #4,976
  • May 21, 2024 9:35am May 21, 2024 9:35am
Quoting pedro319
Gold To jump in again targeting 2500 and beyond, I want to see something like this. H4 Bfly buy 2351 and 2327, in the meantime we should still get smaller bounces from levels posted before. {image}
Sorry, I can’t show you now, but on H1 I had a bearish reversal Btfly with 1,27 extension targeting 2462. Could be a potential?
  • #4,977
  • May 21, 2024 9:53am May 21, 2024 9:53am
Quoting Luxyus
{quote} whenever comes in mind all this toughts process u have to make only one thing. Don t take the trade or close the trade. And let me give u a hint without arrogance or superiority fellings, have u ever heard of obligato in a music sheet? -from wiki In Western classical music, obbligato (Italian pronunciation: [obbliˈɡaːto], also spelled obligato[1])...
Yes i can understand that. The need need to fill out a certain pattern or hit a certain level.
  • #4,978
  • May 21, 2024 9:57am May 21, 2024 9:57am
Quoting Mihisti
{quote} Sorry, I can’t show you now, but on H1 I had a bearish reversal Btfly with 1,27 extension targeting 2462. Could be a potential?
I can see the same, problem is: (there is always something, I know! ) price has struck D1 overbought and probability of retracement is bigger than that of price continuing to make higher highs.
Also, as it is, we already have wash and rinse of previous highs, surely they can print another for this last high.
Whatever happens try not to sell, you will get trapped.
GL.
We watch the charts from every angle so you don't have to!!
  • #4,979
  • May 21, 2024 11:08am May 21, 2024 11:08am
Quoting pedro319
EU Favourite scenario includes breakout of D1 triangle consolidation pattern, completion of H4 Bfly sell at 1.0910 and collapse. {image}
I believe they will take it higher. I'm waiting to use my bazooka
  • #4,980
  • May 21, 2024 11:18am May 21, 2024 11:18am
Quoting Fxgfitking
{quote} The short drop recent drop may have got a lot of people excited, & I could be wrong, but I closed the short that I opened at 1.08630 at 1.08465. That was the perfect small breakout to create a fake. Now we are almost back at 1.08550 again & I am sure quite a few people opened shorts saying "Finally a direction" I decided to open a long at 1.0846 just by looking at D1. I could be totally off, but the major trend is still bullish & regardless I guess I'm closing trades early & taking profit until a longer term direction is established....
I am still 100 % bear long term. I believe if the move down starts they will have to clear the stops on recent shorts, so I am ready for any attempts to do just that at the top.
In a few days I will have more confirmation for what I see atm, there are couple of things that don't fit the long narrative.
We watch the charts from every angle so you don't have to!!
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