Often, your absence is better than your presence.
- #228,764
- Jun 23, 9:45am (12 hr ago) Jun 23, 9:45am (12 hr ago)
- Joined Sep 2018 | Status: Trader Man | 2,132 Posts
Buy 1.1380 Tp 50%
"No pain no gain"
- #228,765
- Jun 23, 10:01am (12 hr ago) Jun 23, 10:01am (12 hr ago)
- Joined Aug 2024 | Status: Trader | 1,096 Posts
- #228,766
- Jun 23, 10:14am (11 hr ago) Jun 23, 10:14am (11 hr ago)
- Joined Sep 2018 | Status: Trader Man | 2,132 Posts
Buy 1.1380 Tp 50% {image}
Lowering to Chart M1 Circle support before reaching SL range.
"No pain no gain"
- #228,767
- Jun 23, 10:29am (11 hr ago) Jun 23, 10:29am (11 hr ago)
Both bears and bulls need a rally; the bears need it to regain momentum, and the bulls need it to have any chance of further gains. Currently, it’s trading in the oversold zone on the hourly chart (H4 and H1) and even on the daily chart, so there’s hardly any room left to fall. And there are many and significant differences at various levels. They know this too, which is why it’s only a matter of time before the relief rally begins. That’s why I’m not taking any short positions right now. 
- #228,768
- Jun 23, 10:30am (11 hr ago) Jun 23, 10:30am (11 hr ago)
- Joined Sep 2018 | Status: Trader Man | 2,132 Posts
Adjusted Sl 2.5 seeds
"No pain no gain"
- #228,770
- Jun 23, 2:20pm (7 hr ago) Jun 23, 2:20pm (7 hr ago)
- Joined May 2014 | Status: Full Time Trader | 27,312 Posts
H4: Congrats to to all who made good bucks from selling..
The buyers though... If you were buying since candles closed below 1.1477 that was suicidal.. And now, after candles open below 1.1390, it is even more risky to buy.. The earliest opportunity to try buying would be until a candle closes above 1.1390 at least and even then, you would be riding a short-lasting corrective wave.. In other words: No buying for me yet! And those who stopped taking shorts is understandable.
See you after London opening... Peace
The buyers though... If you were buying since candles closed below 1.1477 that was suicidal.. And now, after candles open below 1.1390, it is even more risky to buy.. The earliest opportunity to try buying would be until a candle closes above 1.1390 at least and even then, you would be riding a short-lasting corrective wave.. In other words: No buying for me yet! And those who stopped taking shorts is understandable.
See you after London opening... Peace
Focus only on what truly matters!
- #228,773
- Jun 23, 8:33pm (1 hr 28 min ago) Jun 23, 8:33pm (1 hr 28 min ago)
H4: Congrats to to all who made good bucks from selling.. The buyers though... If you were buying since candles closed below 1.1477 that was suicidal.. And now, after candles open below 1.1390, it is even more risky to buy.. The earliest opportunity to try buying would be until a candle closes above 1.1390 at least and even then, you would be riding a short-lasting corrective wave.. In other words: No buying for me yet! And those who stopped taking shorts is understandable. See you after London opening... Peace
I'm waiting for some consolidation here and hoping to get short again depending on how the PA is in this next phase.
- #228,774
- Last Post: Jun 23, 9:37pm (24 min ago) Jun 23, 9:37pm (24 min ago)
For me, there are no more short positions to take at this stage, as I already mentioned yesterday, at least not until we see a meaningful rebound. My longer-term target at 1.1355 has practically been reached, with only a few pips remaining. From here on, I’d rather look for long opportunities. That said, any long positions will only be very short-term trades as long as 1.1407 remains unbroken.
Until then, I’ll keep trading tactically and opportunistically, sometimes holding positions for only a few minutes on either side. That's why I won't be posting every trade here.
That’s how I currently see the situation.
Until then, I’ll keep trading tactically and opportunistically, sometimes holding positions for only a few minutes on either side. That's why I won't be posting every trade here.
That’s how I currently see the situation.
