Testing the support level.
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Contrarian
- #222,902
- Feb 25, 2026 5:35am Feb 25, 2026 5:35am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
I am calling it a day folks... This kind of continuous drop looks more like a dirty agenda... Goes completely against my technicals... We should be going up not down... Anyways... See you tomorrow!
According to my trading rules, we shouldn't exceed 2nd resistance if there's any hope of going down for the day when certain conditions are met(story for another time).
Risk comes from not knowing what to do
- #222,904
- Feb 25, 2026 5:43am Feb 25, 2026 5:43am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
{quote} Just to have an idea why it's dropping. We are in a falling triangle on daily, last week was a bearish engulfing week. Today went to the upper band of the triangle and bears had to kick in. According to my trading rules, we shouldn't exceed 2nd resistance if there's any hope of going down for the day when certain conditions are met(story for another time). {image}
BUT current flow is not aligned with my system... I trust my system so I stay out... Simple!
*I stopped finding reasons why things happen years ago... Is my system telling me to go long I go long... and vice versa... can't care less for the "why"!
Best wishes
Focus only on what truly matters!
- #222,906
- Feb 25, 2026 5:47am Feb 25, 2026 5:47am
I am calling it a day folks... This kind of continuous drop looks more like a dirty agenda... Goes completely against my technicals... We should be going up not down... Anyways... See you tomorrow!
- #222,908
- Feb 25, 2026 5:57am Feb 25, 2026 5:57am
- | Joined Jan 2024 | Status: GBP/USD & EUR/USD & XAU/USD | 139 Posts
My directional bias has been the same for the last 2 weeks now, I am still heavily bearish, until I see a confirmation otherwise.
Just like for Ata it doesn't align with his system, well for me I can't see this market being bullish at all currently, even going of Daily/weekly everything currently is telling me its a strong bear market.
Am I going to be bearish everyday? No , I react based on what the market shows me.
Just another example how diverse trading is and how we can all have different approaches and still be profitable.
Good luck all, I missed a sell this morning at 06:00am UK time and don't see my self participating today due to Trump speech later!
Good luck to the rest of you
My DXY chart for reference;
Just like for Ata it doesn't align with his system, well for me I can't see this market being bullish at all currently, even going of Daily/weekly everything currently is telling me its a strong bear market.
Am I going to be bearish everyday? No , I react based on what the market shows me.
Just another example how diverse trading is and how we can all have different approaches and still be profitable.
Good luck all, I missed a sell this morning at 06:00am UK time and don't see my self participating today due to Trump speech later!
Good luck to the rest of you
My DXY chart for reference;
Emotions kill profits
{quote} If your justification is aligned with your system all good for you.. BUT current flow is not aligned with my system... I trust my system so I stay out... Simple! *I stopped finding reasons why things happen years ago... Is my system telling me to go long I go long... and vice versa... can't care less for the "why"! Best wishes
- #222,914
- Feb 25, 2026 6:27am Feb 25, 2026 6:27am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
One thing I must clarify again and again...
The word "market" and "bias" is often used by investors... Here we are NOT investors... Investors are those who ONLY look for D1, W1 and MN charts... i.e. Long-Term... They don't care what happens during the day... So I always ignore posts that start with "the market" this.. "the market" that...
Here we are "intraday" traders.. (At least the majority... or better said: at least that's the members we want to focus on and we want to communicate with)
For us the "chart" and "timeframe" is king... These two are bundled... We can not and must not separate them... They always go hand in hand...
I trade H1 and H4 mostly and I step down to M15 or M5 before entry... Therefore I have no real bias.... My bias will constantly shift based on the TF I am focused on.. I can have both biases at the same time while opening orders on multiple timeframes... My bias is irrelevant... The "Trend" based on "TF" is relevant!
I hope it clarifies...
Cheers
The word "market" and "bias" is often used by investors... Here we are NOT investors... Investors are those who ONLY look for D1, W1 and MN charts... i.e. Long-Term... They don't care what happens during the day... So I always ignore posts that start with "the market" this.. "the market" that...
Here we are "intraday" traders.. (At least the majority... or better said: at least that's the members we want to focus on and we want to communicate with)
For us the "chart" and "timeframe" is king... These two are bundled... We can not and must not separate them... They always go hand in hand...
I trade H1 and H4 mostly and I step down to M15 or M5 before entry... Therefore I have no real bias.... My bias will constantly shift based on the TF I am focused on.. I can have both biases at the same time while opening orders on multiple timeframes... My bias is irrelevant... The "Trend" based on "TF" is relevant!
I hope it clarifies...
Cheers
Focus only on what truly matters!
- #222,916
- Feb 25, 2026 6:34am Feb 25, 2026 6:34am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
