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New Cable Thread & Other Pairs

  • #7,621
  • Jul 18, 2024 7:53am Jul 18, 2024 7:53am
Gold
3rd attempt ongoing...
Market could also show instability ...caution!
We watch the charts from every angle so you don't have to!!
  • #7,622
  • Jul 18, 2024 8:00am Jul 18, 2024 8:00am
Quoting pedro319
Gold 3rd attempt ongoing... Market could also show instability ...caution!
its getting tight now.
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  • #7,623
  • Jul 18, 2024 8:02am Jul 18, 2024 8:02am
Quoting SmallGains
{quote} If you had the capital to hold incase it retests and some steel balls the short would pay pretty good. What would your TP be? I was thinking first TP for me would be 2440 area and then 2420 area. {image}
I would set the TP to 2366 which is the 61.8 Fib of the upswing. That would be a similar fall to the one in May.

If it breaks down, I will trail the stop giving it room to breath and let the TP or the SL take me out.

You would know it is happening if and when the 10 EMA (White) crosses the 20 EMA (Orange).
Observation is the path to discovery.
  • #7,624
  • Jul 18, 2024 8:03am Jul 18, 2024 8:03am
Still waiting to buy EUR seeing if maybe a bfly can form. Extra conformation.
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  • #7,625
  • Jul 18, 2024 8:05am Jul 18, 2024 8:05am
Golds bfly worked to a point.
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  • #7,626
  • Jul 18, 2024 8:12am Jul 18, 2024 8:12am
Quoting SmallGains
{quote} A .01 lot would get you about 200$ thats crazy good return if you wanted to hold for long term play. {image}
Good that your Maths is on point, now you know how many positions you can open when 2500 still on the table.
We watch the charts from every angle so you don't have to!!
  • #7,627
  • Jul 18, 2024 8:13am Jul 18, 2024 8:13am
GU has a falling wedge forming. Dont know how much i trust GU though so its just a watch for now.
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  • #7,628
  • Jul 18, 2024 8:14am Jul 18, 2024 8:14am
Quoting pedro319
{quote} Good that your Maths is on point, now you know how many positions you can open when 2500 still on the table.
Right! You did say its good to have 2 accounts one for longer holds and one for quick scalps. Maybe this will be a put it in wait it out.
  • #7,629
  • Jul 18, 2024 8:15am Jul 18, 2024 8:15am
Quoting SmallGains
GU has a falling wedge forming. Dont know how much i trust GU though so its just a watch for now. {image}
Dixie could advance a bit more
We watch the charts from every angle so you don't have to!!
  • #7,630
  • Jul 18, 2024 8:15am Jul 18, 2024 8:15am
Quoting pedro319
{quote} Good that your Maths is on point, now you know how many positions you can open when 2500 still on the table.
You still on for a buy on EUR at 1.09?
  • #7,631
  • Jul 18, 2024 8:16am Jul 18, 2024 8:16am
Quoting SmallGains
Still waiting to buy EUR seeing if maybe a bfly can form. Extra conformation. {image}
EUR Retesting bottom after falling back from 1.09171 - momentum seems pretty strong currently, but bulls can stop that easy. I still have my short open. Gunning for the 1.08's & Gold 2400 ( I maybe crazy & wrong ) but I maybe right - so far both have done what I had expected so we shall see. EUR can retest 1.093 once again as well.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #7,632
  • Jul 18, 2024 8:18am Jul 18, 2024 8:18am
Quoting SmallGains
{quote} You still on for a buy on EUR at 1.09?
I did already and will add more.
The lower the better.
Haven't closed shorts yet.
We watch the charts from every angle so you don't have to!!
  • #7,633
  • Jul 18, 2024 8:19am Jul 18, 2024 8:19am
Quoting Fxgfitking
{quote} EUR Retesting bottom after falling short at 1.09171 - momentum seems pretty strong currently, but bulls can stop that easy. I still have my short open. Gunning for the 1.08's & Gold 2400 ( I maybe crazy & wrong ) but I maybe right
True....there is this golden but im not sure we are to go that low....still very much in bullish territory right now imo.
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  • #7,634
  • Jul 18, 2024 8:22am Jul 18, 2024 8:22am
Quoting pedro319
{quote} I did already and will add more. The lower the better. Haven't closed shorts yet.
Hedged in profit nicely done!
  • #7,635
  • Jul 18, 2024 8:24am Jul 18, 2024 8:24am
Quoting SmallGains
{quote} True....there is this golden but im not sure we are to go that low....still very much in bullish territory right now imo. {image}
Yea - I'm holding lol I'm in no rush. When & if it gets there I will be very happy I held. I have my SL set tho you know we don't have much room for error lol
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #7,636
  • Jul 18, 2024 8:24am Jul 18, 2024 8:24am
Quoting SmallGains
{quote} Hedged in profit nicely done!
I still have GU short from yesterday, it's 70 pips that is why.
We watch the charts from every angle so you don't have to!!
  • #7,637
  • Jul 18, 2024 8:27am Jul 18, 2024 8:27am
Quoting pedro319
{quote} I did already and will add more. The lower the better. Haven't closed shorts yet.
I will refrain from joining you in this one. On the attached H4 chart, the divergence on the TDI is very clear. EU is at a very overbought level, if the 10 MA (White) crosses the 20 EMA (Orange) it could be a big drop. I will watch from the sidelines. Of course, I could be completely wrong and will miss out...
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Observation is the path to discovery.
  • #7,638
  • Jul 18, 2024 8:32am Jul 18, 2024 8:32am
Quoting SmallGains
{quote} You still on for a buy on EUR at 1.09?
Did you forget my spartan image that says "HOLD" Nah but 1.0905 is a great support for long as well! we shall see.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #7,639
  • Jul 18, 2024 8:33am Jul 18, 2024 8:33am
Quoting Alorente
{quote} I will refrain from joining you in this one. On the attached H4 chart, the divergence on the TDI is very clear. EU is at a very overbought level, if the 10 MA (White) crosses the 20 EMA (Orange) it could be a big drop. I will watch from the sidelines. Of course, I could be completely wrong and will miss out... {image}
I will leave the GU short just in case.
We watch the charts from every angle so you don't have to!!
  • #7,640
  • Jul 18, 2024 8:34am Jul 18, 2024 8:34am
Quoting Alorente
{quote} I will refrain from joining you in this one. On the attached H4 chart, the divergence on the TDI is very clear. EU is at a very overbought level, if the 10 MA (White) crosses the 20 EMA (Orange) it could be a big drop. I will watch from the sidelines. Of course, I could be completely wrong and will miss out... {image}
What RSI are you using for 4h? Mine shows at mid range 50...The times its gone out of channel the 4hr rsi was at 50ish per circled.
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