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  • #117,541
  • May 28, 2024 4:52pm May 28, 2024 4:52pm
if pa is bullish, it will go up. If pa ends out to be bearish. It has a good chance of running to 0874 first. The question is where does it stop falling before?
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  • #117,542
  • May 28, 2024 5:03pm May 28, 2024 5:03pm
Quoting gatorinla
if pa is bullish, it will go up. If pa ends out to be bearish. It has a good chance of running to 0874 first. The question is where does it stop falling before?
Maybe around 1.084-1.083? Supply box bottom and inverted H&S right shoulder? Also 50-68% fib retracement spot?
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  • #117,543
  • May 28, 2024 5:05pm May 28, 2024 5:05pm
Quoting gatorinla
if pa is bullish, it will go up. If pa ends out to be bearish. It has a good chance of running to 0874 first. The question is where does it stop falling before?
I'm thinking 0830x/4x. I will take a chance 0846/47. My hope it 0842/41 stops it from dropping
those who can, do. those who cant, talk about those who can
  • #117,544
  • May 28, 2024 5:09pm May 28, 2024 5:09pm
Quoting gatorinla
{quote} I'm thinking 0830x/4x. I will take a chance 0846/47. My hope it 0842/41 stops it from dropping
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I'm hoping 0846.9/42/41 contains it before 0874x
Lower adr atm with current high at 0808
1/2 adr is 25 pips.
those who can, do. those who cant, talk about those who can
  • #117,545
  • May 28, 2024 5:14pm May 28, 2024 5:14pm
08046.9 may attract pa, later 0874 may attract pa
those who can, do. those who cant, talk about those who can
  • #117,546
  • May 28, 2024 5:36pm May 28, 2024 5:36pm
What's the purpose of a s/l? To protect your account from you. Most people place a s/l for away, so it has a smaller chance of being hit. More times than not it is hit more than the profit. Can I prove this? No. Do most retail traders lose money trading? Doing what most do, is unlikely to make anyone better than most. Be particular about entrees. An entry near the top is better for shorts. An entry near the bottom is better for longs. How do you know where. Practice, and more practice. You will notice things that repeat often enough to help. Eventually your stops can be tighter with a better entry. The same trade taken at a better price, will automatically reduces risk. Just a little less risk, can separate making, or losing money.
While here its "our time". Learn about Cuba.
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those who can, do. those who cant, talk about those who can
  • #117,547
  • May 28, 2024 5:52pm May 28, 2024 5:52pm
Did i miss my entry? Maybe for now. Will it come back? I say probably.
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those who can, do. those who cant, talk about those who can
  • #117,548
  • May 28, 2024 7:42pm May 28, 2024 7:42pm
Quoting gatorinla
Did i miss my entry? Maybe for now. Will it come back? I say probably. {image} ;
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those who can, do. those who cant, talk about those who can
  • #117,549
  • May 28, 2024 8:01pm May 28, 2024 8:01pm
Lets see if bounces to 874 in the next 12h hs.
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those who can, do. those who cant, talk about those who can
  • #117,550
  • May 28, 2024 8:13pm May 28, 2024 8:13pm
I got a 1h long signal trying to trigger. I cant say when. Its close, maybe 5 more pips down.
those who can, do. those who cant, talk about those who can
  • #117,551
  • May 28, 2024 8:35pm May 28, 2024 8:35pm
Quoting gatorinla
GBP day chart. The day candle is still open. 2749 area may force pa to 2778. This may be a chance to look for a short open. To the 2677 area. To set up the risk to reward. The open candle has time to turn green. So you have to to evaluate the merit. It's just a possible place to consider. PA can run to 2870. You dont want to hold a short that long. I like to switch to a smaller time frame when looking at 2778. This is not a open enders no s/l trade. None are. Figure reward and a reasonable sl comparison. This is not trade recommendation. It's worth...
GBP, I would look for bear weakness 2749 and lower.
When bears are tired that may be 28+ pips
Too much risk to take the eu and gbp long trade together.
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those who can, do. those who cant, talk about those who can
  • #117,552
  • May 28, 2024 8:44pm May 28, 2024 8:44pm
Keep it simple & be patient.... I promise if you follow those 2 steps in the current market, you'll make $. Beyond all..... PATIENCE for the right set-up according to your strategy. Cheers & Goodluck!
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #117,553
  • May 28, 2024 8:53pm May 28, 2024 8:53pm
Quoting gatorinla
{quote} GBP, I would look for bear weakness 2749 and lower. When bears are tired that may be 28+ pips Too much risk to take the eu and gbp long trade together. {image}
2778 area may be a short later. look for bulls to weaken.
those who can, do. those who cant, talk about those who can
  • #117,554
  • May 29, 2024 12:30am May 29, 2024 12:30am
Quoting gatorinla
{quote} 2778 area may be a short later. look for bulls to weaken.
I'm just seeking 2778. If it makes it close to 2810. I may seek a short. I got my hands full on eu.. GU is less researched by me. The gu has risen over 20. dont give it back. When your up 20. dont risk it to make 10 more. Lock in some profit. Move stops above entry.
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those who can, do. those who cant, talk about those who can
  • #117,555
  • May 29, 2024 12:35am May 29, 2024 12:35am
Today's Support & Resistance on MT5 Templates

EURO
CABLE
GOLD

https://www.forexfactory.com/thread/...7#post14882597
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #117,556
  • May 29, 2024 1:24am May 29, 2024 1:24am
PA was near 0893 Tuesday. The next h will close a 12h. If that close is below 0835.5. I will have much less confidence in 0874. Its either 0893 or 0911 areas. 0835 0841 are big ones. A 12h close below may seal off 0874.
those who can, do. those who cant, talk about those who can
  • #117,557
  • May 29, 2024 2:12am May 29, 2024 2:12am
Quoting gatorinla
PA was near 0893 Tuesday. The next h will close a 12h. If that close is below 0835.5. I will have much less confidence in 0874. Its either 0893 or 0911 areas. 0835 0841 are big ones. A 12h close below may seal off 0874.
the close was above. R/R wise from 0874 to 0893 is 19 pips. 0811 64 pips.
those who can, do. those who cant, talk about those who can
  • #117,558
  • May 29, 2024 2:50am May 29, 2024 2:50am
So far the 12h closing above 0835.5 looks bullish for London. That looks positive for 0874. Need to get above 0852+55.6+
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those who can, do. those who cant, talk about those who can
  • #117,559
  • May 29, 2024 4:05am May 29, 2024 4:05am
Quoting gatorinla
So far the 12h closing above 0835.5 looks bullish for London. That looks positive for 0874. Need to get above 0852+55.6+ {image}
Looks like a zig zag day
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #117,560
  • May 29, 2024 4:20am May 29, 2024 4:20am
Quoting Avir
{quote} Looks like a zig zag day
It went back near 0893 ping, pong is a drop at 0811. 0852 center of them. Pa dropped from 0893ish. It fell below 0852. Its tested it once now. PA normally would hit 0874 before LC. In this case its tested 0893ish 3 times since April. It may hit 0811ish, and bounce, or it may continue to 0709 or 0607 level. It closed the 12h above 0835.. At the same time it closed the 12h below 0841 and 52. I would like to short 0874/80 today if it runs there
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