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- #213,085
- Aug 18, 2025 12:27am Aug 18, 2025 12:27am
Hi !
Patterns and shapes we see in technical analysis on charts are shaped by traders’ expectations and how they react to drawn lines—pretty much a self-fulfilling prophecy! To me, trend lines are more rooted in fundamental foundations than pure technical doodling, and it’s the big players who sketch these patterns, leaving us tech analysts with the classic “bullish or bearish” dilemma—love that smiley twist!
The real key in trading, though, is patience and emotional control, plus knowing not to fight the trend.
The market’s our friend, not our foe.
Have a Great trade week!
Patterns and shapes we see in technical analysis on charts are shaped by traders’ expectations and how they react to drawn lines—pretty much a self-fulfilling prophecy! To me, trend lines are more rooted in fundamental foundations than pure technical doodling, and it’s the big players who sketch these patterns, leaving us tech analysts with the classic “bullish or bearish” dilemma—love that smiley twist!
The real key in trading, though, is patience and emotional control, plus knowing not to fight the trend.
The market’s our friend, not our foe.
Have a Great trade week!
- #213,086
- Aug 18, 2025 1:32am Aug 18, 2025 1:32am
- Joined May 2014 | Status: Full Time Trader | 27,147 Posts
Meanwhile, on H1...
Sorry for my chart drawings being a little clumsy but you get the idea...
These are the levels I watch until the end of Tuesday roughly! My short from 1.1685 is still running... Let's see what the day will bring..
Happy new trading week folks
Sorry for my chart drawings being a little clumsy but you get the idea...
These are the levels I watch until the end of Tuesday roughly! My short from 1.1685 is still running... Let's see what the day will bring..
Happy new trading week folks
Focus only on what truly matters!
- #213,090
- Aug 18, 2025 2:47am Aug 18, 2025 2:47am
Meanwhile, on H1... Sorry for my chart drawings being a little clumsy but you get the idea... These are the levels I watch until the end of Tuesday roughly! My short from 1.1685 is still running... Let's see what the day will bring.. Happy new trading week folks
Let’s see how the day unfolds with this setup.
My stop-loss is set at 1.1720, and I’ll consider closing the trade if the H1 candle closes above 1.1710 to manage risk.
Looking forward to your insights or updates!
- #213,091
- Aug 18, 2025 2:50am Aug 18, 2025 2:50am
Hi ! Patterns and shapes we see in technical analysis on charts are shaped by traders’ expectations and how they react to drawn lines—pretty much a self-fulfilling prophecy! To me, trend lines are more rooted in fundamental foundations than pure technical doodling, and it’s the big players who sketch these patterns, leaving us tech analysts with the classic “bullish or bearish” dilemma—love that smiley twist!
- #213,094
- Aug 18, 2025 2:56am Aug 18, 2025 2:56am
- Joined May 2014 | Status: Full Time Trader | 27,147 Posts
{quote} I’ve initiated a short position on it from 1.1700 too, targeting a move down to 1.1620. Let’s see how the day unfolds with this setup. My stop-loss is set at 1.1720, and I’ll consider closing the trade if the H1 candle closes above 1.1710 to manage risk. Looking forward to your insights or updates!
As I mentioned earlier, currently my first goal is to get rid of my unfortunate short order.
Once I close it, I will try to buy 1.1663/73 area based on H1, if price gets there...
Let's see how it goes... Cheers
Focus only on what truly matters!
- #213,096
- Aug 18, 2025 3:00am Aug 18, 2025 3:00am
- Joined May 2014 | Status: Full Time Trader | 27,147 Posts
Focus only on what truly matters!
- #213,100
- Aug 18, 2025 3:09am Aug 18, 2025 3:09am
- Joined May 2014 | Status: Full Time Trader | 27,147 Posts
Focus only on what truly matters!