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Daily or Higher Timeframe Trading

  • #81
  • Dec 1, 2024 8:46am Dec 1, 2024 8:46am
Quoting Abeylyn
{quote} Okay, thanks.
Thanks for visiting and posting your question. What are your views on usdjpy?
If you think you can or cannot do it you are correct
  • #82
  • Edited 9:42am Dec 1, 2024 9:16am | Edited 9:42am
Quoting Olu
{quote} Thanks for visiting and posting your question. What are your views on usdjpy?
Will be looking to Buy from 148.159 or below because the daily trend is Buy. Just around 0.500/0.618
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Need to wait until Seller push price to 5618 trading zone.

There must be a technical evidence that price is turning at 5618 before a Buy trade can be initiated otherwise Sellers will take over.

I will draw a structure on the Buy zone when seated behind my laptop.
Market Structure is the King.....
  • #83
  • Dec 1, 2024 11:36am Dec 1, 2024 11:36am
Quoting Abeylyn
{quote} Will be looking to Buy from 148.159 or below because the daily trend is Buy. Just around 0.500/0.618 {image} Need to wait until Seller push price to 5618 trading zone. There must be a technical evidence that price is turning at 5618 before a Buy trade can be initiated otherwise Sellers will take over. I will draw a structure on the Buy zone when seated behind my laptop.
I see your point. I am looking to sell from higher up against 150.50. If price gets anywhere there within my trade parameters I will sell looking for much lower.
If you think you can or cannot do it you are correct
  • #84
  • Dec 2, 2024 2:02pm Dec 2, 2024 2:02pm
Quoting Olu
{quote} I see your point. I am looking to sell from higher up against 150.50. If price gets anywhere there within my trade parameters I will sell looking for much lower.
Plan worked out...
Now if price can take out the doji candle on the daily...
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If you think you can or cannot do it you are correct
  • #85
  • Dec 5, 2024 5:42pm Dec 5, 2024 5:42pm
The eurusd is spotting an inverse H&S which seems to have been confirmed with a target of the 1.09xx area.
The lower MAs are starting to turn as well. If price does not duck back below the neckline and is not too far from by the UK opening I will go long
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If you think you can or cannot do it you are correct
  • #86
  • Dec 7, 2024 7:22pm Dec 7, 2024 7:22pm
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If you think you can or cannot do it you are correct
  • #87
  • Dec 16, 2024 5:11am Dec 16, 2024 5:11am
Quoting Olu
{image}
I am of the opinion that although I am bullish, price will see the 2300 trendline before new highs. And have positioned myself as such
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If you think you can or cannot do it you are correct
  • #88
  • Dec 20, 2024 6:06am Dec 20, 2024 6:06am
Things have been manic at work.

So not posted long term views for a while.

We are getting into the low-volume-unreal-moves time now and it is best to avoid trading unless you have the ability to place a stop that can contain all the unnecessary volatility at this time.

What I think is that if you cannot predict the the direction to a tee (who can really is my question) then trade with smaller lots sizes because money can still be made in these times if you get it right.
If you think you can or cannot do it you are correct
  • #89
  • Edited 6:32am Dec 20, 2024 6:15am | Edited 6:32am
Today we have the PCE data coming out in the US. This is high impact news. Anything is possible. 41700 area is close by and at this proximity can act as a magnet for price. On the other hand it can turn tail with little downside and run up hard. Perhaps bracket trades are in order here.
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If you think you can or cannot do it you are correct
  • #90
  • Dec 20, 2024 6:18am Dec 20, 2024 6:18am
Same idea SP500
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If you think you can or cannot do it you are correct
  • #91
  • Dec 20, 2024 8:08am Dec 20, 2024 8:08am
PCE data has been released and it looks like the US stance on interests rates has not been substantiated.

How can interest rates be only lowered twice in 2025 when it looks like we are heading headlong into the mother of all recessions?

Hence the stock market futures rise since the PCE announcement.

Interest rates are one of the biggest stock market killers so if the data is saying more that 1.0 interest basis point reduction we could have a stock market rally going forward.

Market leads the Fed decisions always imho
If you think you can or cannot do it you are correct
  • #92
  • Dec 20, 2024 9:48am Dec 20, 2024 9:48am
Just harvested 40 S&P point based on the EW characterization of the market. I have probably exited early. Maybe. But until I give this profits back when I attempt do my next trade it is 100% mine. This was my EW characterization of the market. That A wave might not be over if this idea is correct. By the way I am not an EW expert.
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If you think you can or cannot do it you are correct
  • #93
  • Dec 20, 2024 9:51am Dec 20, 2024 9:51am
Same idea 4h chart
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If you think you can or cannot do it you are correct
  • #94
  • Dec 20, 2024 10:46am Dec 20, 2024 10:46am
This upmove is looking serious. More serious than a retracement in EW terms
If you think you can or cannot do it you are correct
  • #95
  • Dec 24, 2024 5:02pm Dec 24, 2024 5:02pm
I wish everyone a merry Christmas and a great new year
If you think you can or cannot do it you are correct
  • #96
  • Dec 25, 2024 10:06am Dec 25, 2024 10:06am
Quoting Olu
I wish everyone a merry Christmas and a great new year
Merry Christmas to you great friend.
Market Structure is the King.....
  • #97
  • Dec 30, 2024 7:34am Dec 30, 2024 7:34am
A really dirty H&S in the making? I have a small short in this looking for the support area first.
Doji candle
price below the SMAs
Rudimentary EW in play
Massive deliberate red candles

What's not to like I ask?
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If you think you can or cannot do it you are correct
  • #98
  • Dec 31, 2024 6:15am Dec 31, 2024 6:15am
Last trading day of the year.
As always price can do whatever it wants.
We as traders, have different ways of rationalizing market behavior for our purposes.
Below is one of mine:
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If you think you can or cannot do it you are correct
  • #99
  • Dec 31, 2024 6:35am Dec 31, 2024 6:35am
HI OLU,
Wonderful to see you here again,hopefully you are aging as a perfect vintage wine and trading is going well.
I will keep an eye on your thread.

wishing yourself and family a wonderful NEW YEAR ahead.

Take care and all the best

regards
BAZ
  • #100
  • Dec 31, 2024 6:57am Dec 31, 2024 6:57am
Quoting baz
HI OLU, Wonderful to see you here again,hopefully you are aging as a perfect vintage wine and trading is going well. I will keep an eye on your thread. wishing yourself and family a wonderful NEW YEAR ahead. Take care and all the best regards BAZ
Hi Baz, Hope you are well. Never really went away from FF. Just didn't post much. And yes I am ageing as vintage wine and trading is going well. Your contributions to my posts here are very welcome good friend. Happy new year.
If you think you can or cannot do it you are correct
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