I just bought it according BBMA strategy, let it break previous high to create new high.
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- #88,742
- Jan 7, 2025 3:38pm Jan 7, 2025 3:38pm
The weekly candle had a wick that broke over previous candle high. Could be the only PA indication of price movement. That would be long positions.
I like to wait for clear signal, but if I had an open long position, I could see holding on to it for a while.
It's already over recent resistance.
I like to wait for clear signal, but if I had an open long position, I could see holding on to it for a while.
It's already over recent resistance.
Golden nuggets of wisdom not offered here.
- #88,745
- Jan 7, 2025 4:16pm Jan 7, 2025 4:16pm
Clear Daily Re-entry, H4 price hold above previous high before retracement, expecting a new high{image}
Golden nuggets of wisdom not offered here.
- #88,747
- Jan 7, 2025 7:52pm Jan 7, 2025 7:52pm
- Joined Mar 2012 | Status: Trader | 14,316 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #88,750
- Jan 8, 2025 2:05am Jan 8, 2025 2:05am
- Joined Jun 2024 | Status: Still Learning | 2,836 Posts
- #88,751
- Jan 8, 2025 2:06am Jan 8, 2025 2:06am
- Joined Jun 2024 | Status: Still Learning | 2,836 Posts
- #88,752
- Jan 8, 2025 2:55am Jan 8, 2025 2:55am
- Joined Aug 2016 | Status: Trader | 10,376 Posts
I smell a top is forming here................. Started selling , as shown.........
- #88,753
- Jan 8, 2025 3:06am Jan 8, 2025 3:06am
- Joined Jun 2024 | Status: Still Learning | 2,836 Posts
Good morning guys and girls 
Today i came back to trading again after long holiday and a bit busy with other stuffs after new year.
I took 2 trades and exit soon as i saw a quick big spike; i got scared because i didn't want to give back the profits.
But UJ it seems is keeping moving up at moment.
Today i came back to trading again after long holiday and a bit busy with other stuffs after new year.
I took 2 trades and exit soon as i saw a quick big spike; i got scared because i didn't want to give back the profits.
But UJ it seems is keeping moving up at moment.
Good morning guys and girls
- #88,757
- Jan 8, 2025 7:10am Jan 8, 2025 7:10am
- Joined Mar 2012 | Status: Trader | 14,316 Posts
“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #88,759
- Jan 8, 2025 7:08pm Jan 8, 2025 7:08pm
- Joined Jun 2024 | Status: Still Learning | 2,836 Posts
- #88,760
- Jan 8, 2025 9:39pm Jan 8, 2025 9:39pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
UJ
Long term view
Swing trade
4hr Setup
Very Few will actually wait for this setup to form before the probability tilted to your favour to eat this 1100pip swing down
Lets dive into Fundamental a bit:
With today Avg earning up to 3.0% [2.7 E], this futher put pressure onto the wage-price spiral in Japan, and before the next Wage data to release for a revised down, we will be having, inf data and boj meeting who are data dependant.
Whats the catch, is Trump fiscal plan and deportation?
The former is expected to push inf and mild economic growth while deportation is expected to weaken the economic growth.
While a tax cut does increase rate of growth, but it takes longer to come into effect than the impact of a sudden fall in labour force. So rate and time of fall in growth carry higher chance.
Long term view
Swing trade
4hr Setup
Very Few will actually wait for this setup to form before the probability tilted to your favour to eat this 1100pip swing down
Lets dive into Fundamental a bit:
With today Avg earning up to 3.0% [2.7 E], this futher put pressure onto the wage-price spiral in Japan, and before the next Wage data to release for a revised down, we will be having, inf data and boj meeting who are data dependant.
Whats the catch, is Trump fiscal plan and deportation?
The former is expected to push inf and mild economic growth while deportation is expected to weaken the economic growth.
While a tax cut does increase rate of growth, but it takes longer to come into effect than the impact of a sudden fall in labour force. So rate and time of fall in growth carry higher chance.
More time in the market, does not mean you trade better!