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  • #7,921
  • Jul 24, 2024 4:03am Jul 24, 2024 4:03am
Quoting pedro319
{quote} As long you know that this is strong support... you would be surprised with the things which little euro can achieve!
I expected a bounce but eur has failed me so far. Not looking like there will be any bounce and all resistance that should have been support failed..
  • #7,922
  • Jul 24, 2024 4:11am Jul 24, 2024 4:11am
Quoting Js3mwtRc
{quote} Now that the news failed to help EU 1.0840 turned to resistance, it can go down to 1.0808 or 1.0795! Surely todays high now caps any advance. Selling is best for me.
1.0809 is todays ADR and also would be first D1 retest of the weekly trendline after the breakout.
That will be strong attraction....and resistance.
Its all just one persons opinion
  • #7,923
  • Jul 24, 2024 4:13am Jul 24, 2024 4:13am
Quoting SmallGains
{quote} I expected a bounce but eur has failed me so far. Not looking like there will be any bounce and all resistance that should have been support failed..
This is a bit more complex than that.
I am looking for D1 bounce because of the up thrust, support is wider than in a H1 support but the idea is still the same.
If you are trading D1 you need to allow more room for price to move.
We watch the charts from every angle so you don't have to!!
  • #7,924
  • Jul 24, 2024 4:14am Jul 24, 2024 4:14am
Quoting pedro319
{quote} As long you know that this is strong support... you would be surprised with the things which little euro can achieve!
Just following price action on 1 hour timeframe, of-course eu can go to the moon anytime but thats rare occurrences. From the other I keep back in my mind that 1.0900 is good to load more bearish positions if we get the chance to get there!
Looking for profitable short term trades ...|
  • #7,925
  • Jul 24, 2024 4:15am Jul 24, 2024 4:15am
EURUSD weekly.

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Its all just one persons opinion
  • #7,926
  • Jul 24, 2024 4:25am Jul 24, 2024 4:25am
Quoting pedro319
{quote} This is a bit more complex than that. I am looking for D1 bounce because of the up thrust, support is wider than in a H1 support but the idea is still the same. If you are trading D1 you need to allow more room for price to move.
Not quite sure where the up thrust is that you see. D1 chart or just todays candle? Only Monday did it have a green day but aside from that we are having major (30) plus pip red days. Sorry just trying to understand is all.
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  • #7,927
  • Jul 24, 2024 4:38am Jul 24, 2024 4:38am
Quoting Js3mwtRc
{quote} Just following price action on 1 hour timeframe, of-course eu can go to the moon anytime but thats rare occurrences. From the other I keep back in my mind that 1.0900 is good to load more bearish positions if we get the chance to get there!
yep by the new york opening or after the usd pmi news there will be chances to go short now EUR is correcting in preparation for the red folder news at 3:45 pm South African time
I will be going short only after a long wick to avoid being liquidity for banks
Rra di chelete
  • #7,928
  • Jul 24, 2024 4:44am Jul 24, 2024 4:44am
Quoting Tshepside
{quote} yep by the new york opening or after the usd pmi news there will be chances to go short now EUR is correcting in preparation for the red folder news at 3:45 pm South African time I will be going short only after a long wick to avoid being liquidity for banks
That's a good strategy, you only have to watch the risk sometimes that long wicks create huge stop losses and its difficult to cover the risk.
Looking for profitable short term trades ...|
  • #7,929
  • Jul 24, 2024 4:44am Jul 24, 2024 4:44am
Quoting SmallGains
{quote} Not quite sure where the up thrust is that you see. D1 chart or just todays candle? Only Monday did it have a green day but aside from that we are having major (30) plus pip red days. Sorry just trying to understand is all. {image}
D1 thrust up and reversal swing.
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We watch the charts from every angle so you don't have to!!
  • #7,930
  • Jul 24, 2024 4:47am Jul 24, 2024 4:47am
Quoting pedro319
{quote} D1 thrust up and reversal swing. {image}
Oh ok so you are going for a creation of a wick an nothing more of the daily play. So like 12 pips so for. No true bounce or anything that will change the course being set right now.
  • #7,931
  • Jul 24, 2024 4:52am Jul 24, 2024 4:52am
Gold M30 2411.74....was resistance now support.....should have taken more note before shorting


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Its all just one persons opinion
  • #7,932
  • Jul 24, 2024 4:55am Jul 24, 2024 4:55am
Gold closed, GU buy 1289, BE, lets see,
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'In the clearing stands a boxer And a fighter by his trade..'
  • #7,933
  • Jul 24, 2024 4:58am Jul 24, 2024 4:58am
Quoting minhtri
{quote} {image}
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  • #7,934
  • Jul 24, 2024 5:01am Jul 24, 2024 5:01am
Quoting SmallGains
{quote} Oh ok so you are going for a creation of a wick an nothing more of the daily play. So like 12 pips so for. No true bounce or anything that will change the course being set right now.
It's first reaction, relax and give it time.
We watch the charts from every angle so you don't have to!!
  • #7,935
  • Jul 24, 2024 5:02am Jul 24, 2024 5:02am
Quoting Js3mwtRc
{quote} That's a good strategy, you only have to watch the risk sometimes that long wicks create huge stop losses and its difficult to cover the risk.
top down analysis is important. sometimes i just want to trade 15m TF only but multiple TF analysis is how to be consistently lucrative in this game. Monday i was studying the trading Bible (top down analysis chapter). Now I write down reasons why I'm long or short on a journal before entering. You and Pedro helped me improve 1000% I was good but now I'm great coz of you guys
Rra di chelete
  • #7,936
  • Jul 24, 2024 5:03am Jul 24, 2024 5:03am
Quoting pedro319
{quote} It's first reaction, relax and give it time.
Any mood for hunting aud/usd longs ?
  • #7,937
  • Jul 24, 2024 5:10am Jul 24, 2024 5:10am
Quoting Js3mwtRc
{quote} That's a good strategy, you only have to watch the risk sometimes that long wicks create huge stop losses and its difficult to cover the risk.
Not even full margin on a 14$ micro acc
Just for practice
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Rra di chelete
  • #7,938
  • Jul 24, 2024 5:14am Jul 24, 2024 5:14am
Quoting Tshepside
{quote} Not even full margin on a 14$ micro acc Just for practice {image}
That's impressive! Keep up the good work, I glad I help!
Looking for profitable short term trades ...|
  • #7,939
  • Jul 24, 2024 5:15am Jul 24, 2024 5:15am
Quoting Bloodwish
{quote} Any mood for hunting aud/usd longs ?
Not really, got a full belly!
Gold and EJ are making up for all the boredom.
Thank you.
We watch the charts from every angle so you don't have to!!
  • #7,940
  • Jul 24, 2024 5:39am Jul 24, 2024 5:39am
Quoting pedro319
{quote} Not really, got a full belly! Gold and EJ are making up for all the boredom. Thank you.
EJ too good
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