Disliked{quote} hi tools what is the target you are expecting to the downsideIgnored
So yesterday was a good day, I had quite a move that I caught. The trade was at the previous high,a pending order, I had no chance being there in real time, otherwise I might have added some extra entries as it pushed higher.
I closed the trade as It crossed a trend line and we were closing as it wsa friday.
I will be at the chart at marker open and see if I can catch any new entries.
Possible Entries are in the green zone:
Target is the purple trend line at the bottom.
I closed the trade as It crossed a trend line and we were closing as it wsa friday.
I will be at the chart at marker open and see if I can catch any new entries.
Possible Entries are in the green zone:
Target is the purple trend line at the bottom.
So yesterday was a good day, I had quite a move that I caught. The trade was at the previous high,a pending order, I had no chance being there in real time, otherwise I might have added some extra entries as it pushed higher. {image} I closed the trade as It crossed a trend line and we were closing as it wsa friday. {image} I will be at the chart at marker open and see if I can catch any new entries. Possible Entries are in the green zone: Target is the purple trend line at the bottom. {image}
Interesting, Why you decided to short from this zone (reason?)?
{quote} Great Trade, Tool! Interesting, Why you decided to short from this zone (reason?)?
, This was indeed a great call, in my opinion and from what I see there are several factors,According to Tools method it is point 2 of the hourly TL, (which could indicate a change in trend in the coming days)
You can add to this resistance area, 106 as a very strong price, above the previous week's high, a fib structure, and especially an area with very high liquidity,
I wonder where the stop was, since it is in red news, the DD was about 30 pips, I believe it was possible to wait for the move down and then enter,
We will wait for Tools' answer,
'In the clearing stands a boxer And a fighter by his trade..'
{quote}
So this chart shows a lot of ups and downs but no real movement. For these, the best is to check it from "higher"
So the H1 shows a likely newer high to come up. But we have that unfilled purple trend line on the M1 chart you guys asked about.
Here is my opinion.
I believe that will be filled, but we might get further pushes higher. Which is some what good, as the natural correction fulfills, and we will have a "target".
Right now the best we can do is to keep an eye on the 1m and 5m chart and trade what we see live., any newer highs are good entries for shorts, track the shorts with a trend line and any break can be traded for a newer high. This can go on as long as the shorts trends does not take over finally.
So the H1 shows a likely newer high to come up. But we have that unfilled purple trend line on the M1 chart you guys asked about.
Here is my opinion.
I believe that will be filled, but we might get further pushes higher. Which is some what good, as the natural correction fulfills, and we will have a "target".
Right now the best we can do is to keep an eye on the 1m and 5m chart and trade what we see live., any newer highs are good entries for shorts, track the shorts with a trend line and any break can be traded for a newer high. This can go on as long as the shorts trends does not take over finally.
