plus a development am seeing now

infofirst:


You are right. But the context in which I am looking at it is this, Price hit a major horizontal, channel and trendline support and there were confirmed rejection from candlestick on the weekly tf. One would have expect price to go to a major resistance right bit by bit. Along the way, price can decide to retest the previous major support and it might even run up to 1000 pips towards the support. Making one to doubt everything but with a good risk, money and position sizing, one will still be very fine.

I do not know if I am clear enough.

May b forex doesn't want to make all traders billionaire.
A little bit of luck is required in this I guess because I can absolutely testify to ur highlighted points.

Weekly tf has produced a bearish divergence weeks ago.
Yesterday's daily tf has also produced a bearish bar at a resistance.
Let's wait and c how this goes....

Couldn't place any trade today. Wasnt sure of any trade

djwalata:

May b forex doesn't want to make all traders billionaire.
A little bit of luck is required in this I guess because I can absolutely testify to ur highlighted points.

You know sometimes I always think about that.

infofirst:


And then almost everything fails one way or the other in this market be it candlesticks with all confirmation, patterns, structures etc.
I strongly think risk and money management is the only one that hardly fails.

Offcourse nothing is guaranteed., Buh having all these gives that extra edge over the market

djwalata:
Weekly tf has produced a bearish divergence weeks ago.
Yesterday's daily tf has also produced a bearish bar at a resistance.
Let's wait and c how this goes....

I can equally relate... You know sometimes you just have to move with the flow and ebb.
I think you should look left on that eur/usd. Might actually be brewing for a run upwards. Might interest you to check this link out by Justin bennett.
/2OcHZBh

infofirst:


You are right. But the context in which I am looking at it is this, Price hit a major horizontal, channel and trendline support and there were confirmed rejection from candlestick on the weekly tf. One would have expect price to go to a major resistance right bit by bit. Along the way, price can decide to retest the previous major support and it might even run up to 1000 pips towards the support. Making one to doubt everything but with a good risk, money and position sizing, one will still be very fine.

I do not know if I am clear enough.

yeah I get it now

Rejection?

wuyexzy01:

I can equally relate... You know sometimes you just have to move with the flow and ebb.
I think you should look left on that eur/usd. Might actually be brewing for a run upwards. Might interest you to check this link out by Justin bennett.
/2OcHZBh

I'm a follower of Justin when it comes to forex.
I know he has bought eurusd months ago( still running )his objective is 1.2500 BUT this is my opinion.

meshpips:


Sell gold

A H1 close below 1842.05 is fine.

Target 1814.XX

The trade is having about 170 pips profit.

We are currently trading outside 2 standard deviations of the one - day average price. Reversal/retracement can occur.

meshpips:


The trade is having about 170 pips profit.

We are currently trading outside 2 standard deviations of the one - day average price. Reversal/retracement can occur.

Tp now else ath

infofirst:
I strongly think risk and money management is the only one that hardly fails.

I don't know why people tend to say this but what does it really mean? I think it just sounds great to people's ear but it's still nothing. No risk management will save you if you don't have good strategy to trade forex.

Risk management or more like death by a thousand knife cut.

TheYoda:
I don't know why people tend to say this but what does it really mean? I think it just sounds great to people's ear but it's still nothing. No risk management will save you if you don't have good strategy to trade forex.

Risk management or more like death by a thousand knife cut.

Think of it this way, a trader with $100,000 equity and only trade 0.05lot and never trade more than 2 positions at a time and same trader never stops learning. He will get it right eventually without losing all the accounts.

Another trader who has an excellent trading strategy and usually trades 30lots on a $100,000 euqity with no limit to number of open trades and he never stops learning as well.

Trader A will survive in the long term unlike trader B.

WAVESANDGOLD:



if you mean something like the below. Join the telegram group

@Forex_Livestream

Yeah, I'm in the group already. Thanks.

Mrbillionaire:


Can you interpret the orders? Which to buy, which to sell?

No-one really knows what order types those are. But it can be interpreted in a sense. The admin dropped a video on that sometime ago. Check files

infofirst:


You are right. But the context in which I am looking at it is this, Price hit a major horizontal, channel and trendline support and there were confirmed rejection from candlestick on the weekly tf. One would have expect price to go to a major resistance right bit by bit. Along the way, price can decide to retest the previous major support and it might even run up to 1000 pips towards the support. Making one to doubt everything but with a good risk, money and position sizing, one will still be very fine.

I do not know if I am clear enough.

You hit the nail on the head. All the trades I took this week had multiple confirmation on my checklist.
...follow the trend on higher TF; check
....support,resistance, TL, fib level, pullback and all of that; check
...candlestick confirmation and chart pattern; check
....break and retest; check.

Guess what, I still took the L big time! But MM and risk management kept my head intact. I know my Technicals were spot on,pure price action,naked charts, I got dealt by fundamentals and was trapped in ranging markets. This week was range-ful. Look at UJ, UCH, CHjpy... Almost all of pairs. But we move. Next week will definitely be better.


See, as seemingly restrictive as a SL is, it's our last line of defense. The financial streets are slippery Mehn. Market Makers eat retailers for breakfast. Put on some protection y'all.

We move.

Doji about forming

Gold buy 1816 SL 1804 TP open

Pls can someone here suggest a reliable no deposit forex broker so that i can use for practice

folaschool:
Pls can someone here suggest a reliable no deposit forex broker so that i can use for practice

All the forex brokers.

Buy EU 2106 SL 2095 TP 2200

Why are you buying eurusd? Key economic news. Came up on dollar which gives dollar a bullish tone, you can’t buy eurusd and dollar together so I’m selling eurusd at 1.2101. 10/15 pips max sl tp anywhere you want .

Mr billionaire, institutional order flow is bearish on gold, you can’t buy gold and dollar together they are inversely correlated. Sell gold 1819.4 . 30 pips sl, you know it is volatile, tp to hell

You need to ask yourself what is price reacting off from, what is price doing and where is price going to and how far is it going to go!

The doji in dollar index means reversal looms for the bulls @seunisco

EURUSD

possible zones for long 2100,2075,2050

Besides EU just completed ABC, we might start seeing bullish trend after retracement of wave 1.

Nothing like reverse is looming , sell gold sell eu, we must have tagged your sl by now, understand price and nothing comes next, nothing like bull nothing like cow nothing like snail, everything is price man

Nothing like abc nothing like xyz

USDCAD sell

boom99:
USDCAD sell

In profit already.. I feel I can get 10pip here but I no get patience