{quote} I remember last week 9:40PM , barely twenty minutes before closing bell a huge unexpected moveWho know what else we can see today
- #209,742
- May 30, 2025 11:09am May 30, 2025 11:09am
Meanwhile, on H1... New breakout just as I was sharing chart, with fresh H1 candle and I am long now at 1.1327... I stay long as long as candles open above 1.1293... *Watch 1.1355 area potential resistance once you are long! Good luck to buyers!{image}
- #209,744
- May 30, 2025 11:17am May 30, 2025 11:17am
Today, the chicken head poisoned the bears a little bit on their way to the sunny south, but they are still not giving up yet. They should only allow that psychopath to give quarterly speeches, no matter what he does, there will be no results, only cowardly behavior and self-praise.
Let's see if we can still record the relatively positive results that the dollar had today.
The market could open with a bearish gap on Sunday, we will see.
Good luck and have a nice weekend.
Let's see if we can still record the relatively positive results that the dollar had today.
The market could open with a bearish gap on Sunday, we will see.
Good luck and have a nice weekend.
Nothing is impossible.
- #209,746
- May 30, 2025 11:56am May 30, 2025 11:56am
- | Membership Revoked | Joined Oct 2024 | 350 Posts
Prop Firm - TripleXXX 10% Target All Time Return:
10.2%
- #209,747
- May 30, 2025 12:01pm May 30, 2025 12:01pm
- | Membership Revoked | Joined Oct 2024 | 350 Posts
Some more Sell limits to get in more profit towards a better target
SL 1.13946 TP 1.12531 TP Could be updated to a better one
SL 1.13946 TP 1.12531 TP Could be updated to a better one
Prop Firm - TripleXXX 10% Target All Time Return:
10.2%
- #209,748
- May 30, 2025 12:19pm May 30, 2025 12:19pm
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
Based on H1, back to buying dips after a fake drop... Waiting for new setup to buy next dip roughly sitting at 1.1343! {image}
Let's see...
Focus only on what truly matters!
Prop Firm - TripleXXX 10% Target All Time Return:
10.2%
Prop Firm - TripleXXX 10% Target All Time Return:
10.2%
- #209,754
- May 30, 2025 2:28pm May 30, 2025 2:28pm
{quote} I remember last week 9:40PM , barely twenty minutes before closing bell a huge unexpected move
My philosophy is that nobody wants to be caught buying over the weekend with daffy duck aka(TACO) around, so here is hoping for a selloff before close,
Waiting for trades is OK. Most People spend their life waiting for nothing!
The market may GAP DOWN next trading week ... That is what I want ... However anybody holding Short over the weekend it would be advisable to remove SL as it could be the other way round too 
But GAP DOWN is what I want
But GAP DOWN is what I want
Prop Firm - TripleXXX 10% Target All Time Return:
10.2%
The market may GAP DOWN next trading week ... That is what I want ... However anybody holding Short over the weekend it would be advisable to remove SL as it could be the other way round too
- #209,757
- May 31, 2025 2:08am May 31, 2025 2:08am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
The market may GAP DOWN next trading week ... That is what I want ... However anybody holding Short over the weekend it would be advisable to remove SL as it could be the other way round too
Stops never protect you against sudden movements like gaps and especially weekend gaps... Your broker will close your order with a totally different price than your stop loss level... Almost always it will be way worse! In my experience, the best practice is like this:
1) Never leave orders open for the weekend!
2) If you think it is worth the risk, never put SL or TP on your weekend orders because:
A) On normal conditions: Let's say when you are anticipating that market will not open with a huge gap and maybe only with a minor gap, then you don't want to be stopped out just because price exceeded your stop for some pips just because market opened with a little drawdown that you normally could manage. If you had set a drawdown, you are automatically giving the following order to your broker: "As soon as market opens, just close my order and I don't care how much it exceeded my SL"... If price opens 30 pips away from your SL level, that way the broker will close your order immediately and you will lose "SL + Gap" amount of money. In other words: the opening price will become the closing price of your order.
However, if you wouldn't set a SL, once market opens, your order would simply be in higher drawdown: SL + 30 pips but still open. Then you could have the chance to try to lower your loss with anticipation of a gap close... You see? Now you HAVE a chance. Previously, you had not.
B) On extreme conditions: If you think the market could open with a huge gap, then rule 1 applies: Don't leave your order open. Close and come back as soon as market opens. And if you see fit, re-open the same order.
C) Setting TP for weekends is even worse. Here, many brokers act foxy: IF you set a TP and market opens in your favor and goes even more into profit levels let's say TP + 55 more pips beyond... The broker will close your order at the TP level you have set. Surprise surprise! You thought you can maybe benefit from a spike or gap, right? Nope... Brokers love money more than anything and on top of it they are shameless!
Anyway.. I hope it clarifies...
Best wishes
Focus only on what truly matters!
- #209,760
- May 31, 2025 3:19am May 31, 2025 3:19am
- Joined May 2014 | Status: Full Time Trader | 27,259 Posts
Quick DAILY Outlook
To keep it simple:
To keep it simple:
- While above 1.1274 support, bulls are safe... as long as candles open above support, I stay bullish..
- Next, we soon will watch bullish attempts to break above 1.1420.. I am not sure if bulls will succeed.. Nothing guaranteed.. Time will tell....
Enjoy your weekends folks
Focus only on what truly matters!