prices can bounce off from this latest trend line support and can go higher to hit my stop make sure that we must use tight money management rules and i never uses leverage more than 1:4 or 1:5
GL!
lets see if the good old saying "sell in may and go away" works in the forex too?
still got the strong resis in play (monthly pivot) @1.3250 which is holding up nicely. for just over 2 weeks now we have stayed above the weekly pivot. lets see if the same happens this week, pivot being @ 1.3207 and daily pivot @ 1.3225...........
this was yesterday, now with new pivots levels and price seems to be making new highs, i got monthly R1 1.3350,
weekly R1 1.3270 & R2 1.3308.
daily chart, 34MA are moving higher, so mom can keep the price from falling but need to look out for that change in direction that im expecting and everyone else for that matter.
went for two short on this move up on 30 min, (leaving it for a longer term move) leaving a wide stop and hope when i come back price would have fallen and stayed below this upper resis on the chart below. a break top side, well dont want a break top side but we shall see :P now to step away from the computer and head to work, and let it do its job, hopefully.
good luck bears and everyone else
Short at 1.3270-1.3275. Lets see if 9844 acts as support. If not, another round of shorts at 1.3280 and last chance to see a drop below 1.32. Divergence in momentum and Rsi. Hope this range won´t last one more day to trade again with a clear medium term trend.
Will be posting lesser, other commitments take priorities. Those who have my clouds will already understand that the pink has crossed the green, giving some momentum to break upwards, but given that there are 2 immediate level above it, expect ranging and trade the range will be profitable, or to follow the larger trend, short every new highs.
I've attached how I scalped, well, my broker actually allows me to show more than just statements, they display where i enter and exit as well.. someone can learn from it, I'm sure.
Belief takes more than faith. It takes constant practices and successful executions to KNOW and BE CERTAIN that it is true and can be done.
another reason to go short is there was no 15 min or hourly close above 1.3272 and on 15min TF the prices tried 6 (six) times to close above 3272 but failed and to me its weakness and that was the weakness what i was talking about to short
thank you!
i like the way you trade, i like the way you "listen" to the market. now though i'm long and will keep buying dips, don't see much headwind above here. difference of opinions is what makes the market, good luck to you.
i like the way you trade, i like the way you "listen" to the market. now though i'm long and will keep buying dips, don't see much headwind above here. difference of opinions is what makes the market, good luck to you.
thanks for the appreciation, if i get a signal to go long i will immediately do that just in a matter of seconds, i closed my longs at 3272 and 3274 and im short to "scalp" this i will give a technical reason in a moment
thank you and good luck!
yes upthrust can trigger the two key level 3308 and 3335
i like the way you trade, i like the way you "listen" to the market. now though i'm long and will keep buying dips, don't see much headwind above here. difference of opinions is what makes the market, good luck to you.
this is why i am doing this yes you are right with out longs and buyers how can we go to 3272-77
or to my other pending sell order at 1.3291 just in case, and any thing "unexpected" happens
this is why i am doing this yes you are right with out longs and buyers how can we go to 3272-77
or to my other pending sell order at 1.3291 just in case, and any thing "unexpected" happens
for that we use stops
good luck to all of us
use leverage wisely
chart attached
thank you!
yes, there needs to be a buyer and a seller. just went long @3245, let's see.
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Originally Posted by jogold18 
