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  • #3,761
  • Jun 20, 2024 11:21pm Jun 20, 2024 11:21pm
so what trade do i see here
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  • #3,762
  • Jun 20, 2024 11:47pm Jun 20, 2024 11:47pm
Quoting PatienceFx
I know this car {image}
And as any machine has copper and aluminum in it, they drag the price of oil after them.
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  • #3,763
  • Jun 21, 2024 12:24am Jun 21, 2024 12:24am
Quoting PatienceFx
so what trade do i see here {image}
on the H1- rsi is now above 50 and its above the 20 sma.
looking at h4- its below 50 rsi and below 20 sma.
Right now, the h1 and h4 aren’t in agreement. So no trade right now?
red news is coming up in a couple hours, which will move price. I have no idea of direction (though I’d love to learn).
  • #3,764
  • Jun 21, 2024 12:30am Jun 21, 2024 12:30am
Quoting GDS17
{quote} on the H1- rsi is now above 50 and its above the 20 sma. looking at h4- its below 50 rsi and below 20 sma. Right now, the h1 and h4 aren’t in agreement. So no trade right now? red news is coming up in a couple hours, which will move price. I have no idea of direction (though I’d love to learn).
London and NY session have the maximum liquidity

So
  • #3,765
  • Jun 21, 2024 12:37am Jun 21, 2024 12:37am
Quoting GDS17
{quote} on the H1- rsi is now above 50 and its above the 20 sma. looking at h4- its below 50 rsi and below 20 sma. Right now, the h1 and h4 aren’t in agreement. So no trade right now? red news is coming up in a couple hours, which will move price. I have no idea of direction (though I’d love to learn).
when h1 & h4 do not agree, it means market is not trending

so in this situation we go to 5 minute chart and scalp
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  • #3,766
  • Jun 21, 2024 5:30am Jun 21, 2024 5:30am
the rsi on nose is a miracle on m1 chart
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  • #3,767
  • Jun 21, 2024 5:33am Jun 21, 2024 5:33am
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Quoting PatienceFx
the rsi on nose is a miracle on m1 chart {image}
  • #3,768
  • Jun 21, 2024 5:43am Jun 21, 2024 5:43am
making things easier
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  • #3,769
  • Jun 21, 2024 8:01am Jun 21, 2024 8:01am
Quoting PatienceFx
{image}{quote}
So for M1 scalping, you put in a sell order once RSI was under 50 and price was under both sma's? Would this be the same for m5 scalping?
  • #3,770
  • Jun 21, 2024 8:27am Jun 21, 2024 8:27am
Quoting GDS17
{quote} So for M1 scalping, you put in a sell order once RSI was under 50 and price was under both sma's? Would this be the same for m5 scalping?
Practice on demo

My trades close within seconds on a 1 minute chart
  • #3,771
  • Jun 21, 2024 8:30am Jun 21, 2024 8:30am
Quoting PatienceFx
{quote} Practice on demo My trades close within seconds on a 1 minute chart
If you still find it tough

Then on a clean chart make a rainbow with 5 different colours

SMA 2 4 6 8 10
  • #3,772
  • Jun 21, 2024 8:56am Jun 21, 2024 8:56am
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  • #3,773
  • Jun 21, 2024 9:36am Jun 21, 2024 9:36am
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  • #3,774
  • Jun 21, 2024 9:38am Jun 21, 2024 9:38am
Quoting PatienceFx
{image}
washed +1.8 pips
  • #3,775
  • Jun 21, 2024 10:14am Jun 21, 2024 10:14am
timepass
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  • #3,776
  • Jun 21, 2024 10:15am Jun 21, 2024 10:15am
Quoting PatienceFx
timepass {image}
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  • #3,777
  • Jun 21, 2024 10:23am Jun 21, 2024 10:23am
difficult posting 1 minute charts
but i have crossed almost 400 trades today
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  • #3,778
  • Jun 21, 2024 10:24am Jun 21, 2024 10:24am
Quoting PatienceFx
difficult posting 1 minute charts but i have crossed almost 400 trades today {image}
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  • #3,779
  • Jun 21, 2024 10:33am Jun 21, 2024 10:33am
something for Gelubrin

what is the importance of the 80 year old " Petro Dollar " deal ending today

and what will happen to eurusd
  • #3,780
  • Jun 21, 2024 1:25pm Jun 21, 2024 1:25pm
Quoting PatienceFx
something for Gelubrin what is the importance of the 80 year old " Petro Dollar " deal ending today and what will happen to eurusd
This seems to be the spark that will change the trend of SP500, on W1. This bullish trend of SP500 lasts since 2011. Oil turned bearish. The second quarter in economic decline in the USA, a situation similar to a recession.

Eurusd, W1, the bearish impulse was rejected by SMA100.

If I am right, Eurusd will start a longer bullish period.
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