Chantel, i was following what you mentioned on the cadjpy earlier.
Do you see any development on an entry now?
Do you see any development on an entry now?
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DislikedChantel, i was following what you mentioned on the cadjpy earlier.
Do you see any development on an entry now?Ignored
DislikedYes I do and I will try for an entry at the top of the hour. But price is not bearish as I'd like to see... Nevertheless I am taking it unless this hour closes as a bullish one. Here are the charts... SL at D1 pivot high +10
EDIT: Bullish close => NO TRADEIgnored
DislikedThe line on the chart at 1.4283 in firebrick is last week’s midpoint i.e. the midpoint of last week’s range.Ignored
DislikedHi Chantalb,
what do you think of USDCHF TF 1 H? Seems to be a pivot low, should we wait for a modest retracement ?
P.S. In the moment I wrote my posting the breakout happened ... so I think there will not develop a retracement .....
P.P.S. And I discovered that in GBPJPY 1 H is also a pivot high ... isn't it ?Ignored
DislikedHi Chantalb
If EU forms the bearish 1hr bar, this late in the day would you still take the short trade? I guess I should ask, how late in the trading day do you continue to take trades?
thanks gmccIgnored
DislikedHi,
I don’t see a D1 PP there; at least I don’t have one. But what I do have is a W1 Pivot high… so until otherwise proven by D1 I stick to that…. Also don’t forget we are at the end of the month…
My entries are not trading at every/any PP on H1… I enter on h1 but based on D1 & I must have a D1.
On the 4hr chart I plotted for you the W1 PPIgnored
DislikedIs the midpoint of last weeks range important for your system? I do understand S/R lines as lines of important highs and lows ... so what is your experiene with midpoints, if I may ask ?Ignored
DislikedThis is for learning purposes.
The below chart is current daily GBPJPY
as you can see price is forming a bottom pp.
So according to rules if it closed like this we would be looking for a buy tomorrow.
But looking at the chart, you can see an obvious downtrend since 7th april.
Would that cancel your opinion to buy, or would you still look to buy?
Ignored
DislikedTo me this is a no trade because the bottom that was formed came in on Sunday. I don’t trade the Sunday Bars, I don’t take any trades on Mondays based on Sunday PP and none on Tuesdays based on Sundays. If the setup is still valid on Wednesday then I might consider it as I tend to add Sundays and Mondays together. If Tuesdays form a setup based on Friday Sunday Monday then I might consider it… If on Mondays a Thursday Friday set up is still valid I trade that instead as I wanted CADJPY earlier today. You following I hope….
[font=Calibri][size=3]Alternatively...Ignored
Dislikedok for arguments sake and learning, just ignore sunday candle and treat it as all normal day candles?Ignored
DislikedBesides everything else I mentioned above, we are currently too close to 130 and last week closed very nicely below it. So I don’t think you’d want to take this one for a buy… I’d try selling it instead once I get the appropriate signal or alternatively you could still go with the last d1 pivot high that was made last Wednesday since it is still valid (chart below)… Hope this answers youIgnored
DislikedLooks like EU is stuck between a rock and a hard place… squirting time coming soon… up or down we shall seeIgnored