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  • #6,341
  • Sep 3, 2024 3:08am Sep 3, 2024 3:08am
Quoting Js3mwtRc
{quote} It is not much then, but A and B set-ups may give in the long run same results! Hope you know that! Is it demo?
Live account. I hate DEMO accounts because I never loose on Demo It's Like Nothing ever goes wrong when I do demo. Live accounts are a whole diff ball game so I stick to my Live accounts.
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,342
  • Sep 3, 2024 3:08am Sep 3, 2024 3:08am
Quoting josip
{quote} yes, similar DXY if we stay above blue line = eurusd down {image}
Thanks, that gives us the edge!
Looking for profitable short term trades ...|
  • #6,343
  • Sep 3, 2024 3:10am Sep 3, 2024 3:10am
Quoting Fxgfitking
{quote} Live account. I hate DEMO accounts because I never loose on Demo It's Like Nothing ever goes wrong when I do demo. Live accounts are a whole diff ball game so I stick to my Live accounts. {image}
I believe it!

The fighting still goes!
Looking for profitable short term trades ...|
  • #6,344
  • Sep 3, 2024 3:16am Sep 3, 2024 3:16am
I'll make this simple. If 1.10639 becomes support we should test daily highs. If 1.10555 becomes resistance we should test daily lows.
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,345
  • Sep 3, 2024 3:20am Sep 3, 2024 3:20am
Good morning traders, hope we're all well & ready for a proper day of trading .

I'm beginning to think the bullish LTF bias on the EU has peaked and the current run is not a retracement but a reversal given it was unable to match or beat the previous high from July last year, instead turning at the low point of its' bearish order block. Fundamentally, I just can't see enough power in the EURO to justify its' current position. It's only there because the Dollar has been hammered, not because there are any positive signs coming from Europe's economy.

JOLTS, etc. on Thursday will likely confirm a cut and the Dollar will probably drop but price is already discounted, the sells most likely now will be sentiment only, opening an easier route for a Dollar rally (notwithstanding the Nov. elections).

If the Dollar breaks the weekly imbalance @ 101780, for me it's good enough validation the EU will remain with a bearish bias on the LTF.

For today, I've no idea, both Dollar and EU are in rubbish ranges . Time to watch the water

Green pips all.
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Don't you know that I'm loco ...
  • #6,346
  • Sep 3, 2024 3:21am Sep 3, 2024 3:21am
Quoting Fxgfitking
I'll make this simple. If 1.10639 becomes support we should test daily highs. If 1.10555 becomes resistance we should test daily lows. {image}
I have a 92% probability it will move to 1.1034 first before it goes to 1.1100!! Not the best reward ratio!
Looking for profitable short term trades ...|
  • #6,347
  • Sep 3, 2024 3:25am Sep 3, 2024 3:25am
Quoting Js3mwtRc
{quote} I have a 92% probability it will move to 1.1034 first before it goes to 1.1100!! Not the best reward ratio!
It's possible I am out of my trades for now. However Gold is climbing and EUR likes to follow I would be more inclined on 1.1042 but thats only 8 pips away from your target so not too far. We have some Data later today that should push it in either direction it wants to go.

BTW how did you get the probability %?
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #6,348
  • Sep 3, 2024 3:28am Sep 3, 2024 3:28am
Quoting PatienceFx
{quote} https://www.youtube.com/watch?v=vg1_KsPfEE4 {image}
The Bulls ran away in fear
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  • #6,349
  • Sep 3, 2024 3:28am Sep 3, 2024 3:28am
Today the EU (Buy-Sell Buy-Sell) game is playing!
Stop Procrastinating
  • #6,350
  • Sep 3, 2024 3:29am Sep 3, 2024 3:29am
Quoting PatienceFx
{quote} The Bulls ran away in fear {image}
Stop Procrastinating
  • #6,351
  • Sep 3, 2024 3:35am Sep 3, 2024 3:35am
Quoting Fxgfitking
{quote} It's possible I am out of my trades for now. However Gold is climbing and EUR likes to follow I would be more inclined on 1.1042 but thats only 8 pips away from your target so not too far. We have some Data later today that should push it in either direction it wants to go. BTW how did you get the probability %?
Its a secret that will not share because of the bad risk to reward ratio (you can find better setups with best reward) I use the same set up for years not just 10-20 trades. An example and good exercise is, use a point every day, the same like the daily open and count how many pips the price will move to a direction of your choice that day using an rsi indicator for example (above/below 50) without hitting an x number of pips of your choice for stop loss.
Looking for profitable short term trades ...|
  • #6,352
  • Sep 3, 2024 4:07am Sep 3, 2024 4:07am
Now the bullish target seems flat!
Looking for profitable short term trades ...|
  • #6,353
  • Sep 3, 2024 4:21am Sep 3, 2024 4:21am
Because of fake bullish hammer I missed short my entry
  • #6,354
  • Sep 3, 2024 5:00am Sep 3, 2024 5:00am
Quoting rehmatkhan00
Because of fake bullish hammer I missed short my entry
No tension brother, We have this trendline resistance to re-enter, What was first support and now resistance, 1.1046, & 1.105 Plus FIB!

M15:
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Stop Procrastinating
  • #6,355
  • Sep 3, 2024 5:06am Sep 3, 2024 5:06am
Quoting ahmerjamil
{quote} No tension brother, We have this trendline resistance to re-enter, What was first support and now resistance, 1.1046, & 1.105 Plus FIB! M15: {image}
yup brother I am waiting for pullback so I can enter at better price again and the 50 May become good resistance
  • #6,356
  • Sep 3, 2024 5:07am Sep 3, 2024 5:07am
Quoting rehmatkhan00
{quote} yup brother I am waiting for pullback so I can enter at better price again and the 50 May become good resistance
Yeah, In Sha Allah
Stop Procrastinating
  • #6,357
  • Sep 3, 2024 5:09am Sep 3, 2024 5:09am
I will be now careful with selling at this point as we might see some surprise red data from USA which can trigger bulls to buy aggressively. Anyway waiting for now to enter a proper setup.
  • #6,358
  • Sep 3, 2024 5:17am Sep 3, 2024 5:17am
But if you look at H1, there is a bullish divergence here!
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And if you see, it has become like a Cup, Just need a (Handle) and it will become a pattern!
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Stop Procrastinating
  • #6,359
  • Sep 3, 2024 5:17am Sep 3, 2024 5:17am
Bearish targets!

EUR/USD could potentially decline towards key support levels at 1.1022, 1.0991, and 1.0982. Additionally, the 1.0970 level could also be in play, as it represents the weekly volatility range from the current high to a possible future low, which spans approximately 107 pips. Lastly, the 1.0949 level should also be on traders radars as a potential bearish target.
Looking for profitable short term trades ...|
  • #6,360
  • Sep 3, 2024 5:21am Sep 3, 2024 5:21am
Quoting Js3mwtRc
Bearish targets! EUR/USD could potentially decline towards key support levels at 1.1022, 1.0991, and 1.0982. Additionally, the 1.0970 level could also be in play, as it represents the weekly volatility range from the current high to a possible future low, which spans approximately 107 pips. Lastly, the 1.0949 level should also be on traders radars as a potential bearish target.
This level is possible by looking at bearish (Cup & Handle) patterns!
Stop Procrastinating
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