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New Cable Thread & Other Pairs

  • #6,621
  • Jul 2, 2024 1:13pm Jul 2, 2024 1:13pm
Yea GBP does look like it might go if it can break resistant line and maybe a butterfly forming.
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  • #6,622
  • Jul 2, 2024 1:36pm Jul 2, 2024 1:36pm
Quoting SmallGains
Yea GBP does look like it might go if it can break resistant line and maybe a butterfly forming. {image}
Do you trade looking at 5 min chart?
  • #6,623
  • Jul 2, 2024 1:42pm Jul 2, 2024 1:42pm
Quoting genadi
{quote} Do you trade looking at 5 min chart?
I try and find the trend using 15 and 30 min charts and fibs....then find entry on the 5M for a scalp play...I used to hold for day at a time but since switching to use a funded prop account I no longer can afford to hold for long periods as I will get hit with drawdown.
  • #6,624
  • Jul 2, 2024 2:53pm Jul 2, 2024 2:53pm
Quoting genadi
Buy gold here at 2324.5 Bit too late {image}
Closed half at 2331
  • #6,625
  • Jul 2, 2024 5:25pm Jul 2, 2024 5:25pm
Quoting minhtri
{quote} {image} {image} {image}
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  • #6,626
  • Jul 2, 2024 5:33pm Jul 2, 2024 5:33pm
Quoting minhtri
{quote} {image} {image}
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  • #6,627
  • Jul 2, 2024 5:47pm Jul 2, 2024 5:47pm
Quoting minhtri
{quote} {image} {image} {image}
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  • #6,628
  • Edited 10:12pm Jul 2, 2024 9:44pm | Edited 10:12pm
Scott Carney interview. very interesting 5 mins read
https://tradingmarkets.com/recent/three_simple_patterns_to_improve_your_trading_the_scott_carney_interview_-656140

Scott: I believe some patterns definitely apply to certain markets. For
example, I trade the Euro dollar quite intensively, and I see a lot of deep
retracement that form bat structures. I am more inclined to be looking at if the
Euro is going to retest support or resistance and if it is forming a W or M type
structure. Most times it is going to be a bat. I have studied the British pound,
I trade the Yen a bit, all against the dollar and I see a lot of .886
retracements. In terms of other markets, I tend to see the gold market is very
harmonic. I see a lot of simple and precise A-B-C-D patterns which is where each
leg is equivalent. If the market moves down $10, the retracement is $5, and then
moves down another $10, that is a simple A-B-C-D.
  • #6,629
  • Jul 2, 2024 10:28pm Jul 2, 2024 10:28pm
Quoting Mihisti
{quote} What strong arguments on both sides, this also shows how uncertain the direction of gold's outcome is yet.
A keen observation Mihisti! When we think of why there are so many views and ways to exploit price movements, we see even more of the forest! I feel that uncertainty you mention + the calm before the storm which should be a real treat when if finally comes!
Quoting pedro319
{quote} Still...when you crash you do it gracefully Tostadito!!


But seriously, coming from you, that is a great compliment. Thank you Pedrocito!


In a way, a few see me as the Roadrunner, many as the Coyote
Truth is, I'm the illustrator
Inserted Video


Cheers Pedro and friends, have an amazing Wednesday!!!!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #6,630
  • Jul 2, 2024 10:46pm Jul 2, 2024 10:46pm
EUR/USD found support at 1.0730 after the London close, andvanced higher to beat resistance and reached 1.0754 high. This upmove that favours the bulls can reach higher to 1.0761/64 or 1.0770/76 depending the momentum. We should see much volatility today so we can't exclude the bears moving the pair down to test or break support to target 1.0724/10 lows again.

Daily volatility (range) 45 pips

Option expiries for Wednesday: 1.0675 (EU1.51b), 1.0700 (EU1.4b), 1.0750 (EU1.29b) Source: financialjuice.com

Significant news - US ADP, US Trade Balance, US Initial Jobless Claims, US Factory Orders & FOMC

1 hour
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Green pips!
Looking for profitable short term trades ...|
  • #6,631
  • Jul 2, 2024 11:31pm Jul 2, 2024 11:31pm
Quoting minhtri
{quote} {image} {image}
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  • #6,632
  • Jul 2, 2024 11:57pm Jul 2, 2024 11:57pm
dont forget tomorrow are elections in UK, and US holiday.

morning looks a bit shortable to me, but too early now;-)
trading is like dancing, don't think and just listen to the music!
  • #6,633
  • Jul 3, 2024 12:15am Jul 3, 2024 12:15am
hello everyone, despite JOLTS data coming out strong, why are we stuck in this same range? Even after with powell speech I expected EU to take support around 1.07080 to 1.07120 which is acting like a backup support if 1.07150 is violated time after time, with lack of knowledge about french elections, I don't know how it is affecting EUR/USD and what could be the reason for this choppy market, can someone explain me?
  • #6,634
  • Jul 3, 2024 1:05am Jul 3, 2024 1:05am
Quoting HiKe945ReDX
hello everyone, despite JOLTS data coming out strong, why are we stuck in this same range? Even after with powell speech I expected EU to take support around 1.07080 to 1.07120 which is acting like a backup support if 1.07150 is violated time after time, with lack of knowledge about french elections, I don't know how it is affecting EUR/USD and what could be the reason for this choppy market, can someone explain me?
my opinion is because of the UK elecion tomorrow, US holiday and friday is big NFP day. after THEN you will have a big jump (up or down)
trading is like dancing, don't think and just listen to the music!
  • #6,635
  • Jul 3, 2024 1:11am Jul 3, 2024 1:11am
EJ
Battle about to begin...
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We watch the charts from every angle so you don't have to!!
  • #6,636
  • Jul 3, 2024 1:16am Jul 3, 2024 1:16am
Bitcoin
Taking half profit.
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We watch the charts from every angle so you don't have to!!
  • #6,637
  • Jul 3, 2024 1:18am Jul 3, 2024 1:18am
Gold
This is it !!
D1 Triangle
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We watch the charts from every angle so you don't have to!!
  • #6,638
  • Jul 3, 2024 1:21am Jul 3, 2024 1:21am
EU
Bouncing off the FX Bible .618 H4.
So far, everything is normal.
We watch the charts from every angle so you don't have to!!
  • #6,639
  • Jul 3, 2024 1:32am Jul 3, 2024 1:32am
hello everyone, I'm expecting remarks for my 4hr EUR/USD analysis please, Thank you
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  • #6,640
  • Jul 3, 2024 1:42am Jul 3, 2024 1:42am
Quoting genadi
Buy gold here at 2324.5 Bit too late {image}
TP hit.

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