Saintfaculty's Posts
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saintfaculty:DONE
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saintfaculty:
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saintfaculty:
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saintfaculty:If you heeded my suggestion regarding EurCad, you may have observed that the asset's price surpassed our initial projections. At present, the price has moved beyond the Previous Month Low (PML) and is presently displaying a divergence pattern on the 4-hour time frame. Looking ahead, I anticipate the price to decline to 1.42220, at which point we'll be vigilant for signs of a reversal to consider entering a long position targeting a return to the PML.
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📊📉 GBP/USD Sentiment Update! Last week: 58.5% 📈 This week: 20.5% 📉 GBP/USD sentiment takes a dip! 🌊 Remember, this isn't a signal to buy or sell the asset. 🛑 But I'll be keeping an eye out for potential sell setups. Stay informed and trade smart! 💡💰 #GBPUSD #MarketSentiment #SellSetups #Disclaimer #TradeSmart
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saintfaculty:Eurcad pushing as anticipated
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Looking at Eurcad using basic trendlines... i will be looking for a pull back to further short this asset. As soon as the market opens, I'll delineate my area of interest, which is likely to be centered around the Low of the Month (LOM). This is the area where I intend to initiate a sell order for this asset. Wishing everyone a profitable week ahead! May the pips be in our favor.
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Key levels
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Petah:No issues… I trade from these levels daily
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GU
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Petah:Certainly, my friend. Persevere with unwavering faith, maintain consistent dedication, and participate daily in the market. However, always retain the understanding that paramount to all is risk management – the ultimate cornerstone of a sound trading strategy. |
Petah:Hello there, Greetings, my friend! The noted levels play a crucial role within the market dynamics. Many traders, including myself, have observed that these levels hold significant importance as price often reacts by initiating substantial movements—either reversing its course or furthering the prevailing trend. Referring to PWH, PWL, PDL, PDH, PML, and PMH, these represent the high and low points of past weeks, days, and months. These areas tend to harbor considerable liquidity. Frequently, price gravitates toward these regions, clearing the existing liquidity before making substantial shifts. Consequently, these are the levels that dominate my attention and guide most of my trading decisions. Similar principles extend to HOW and LOW, even encompassing HOM and LOM. The concept of HOW/LOW was introduced, perhaps by Jeffery Benson, although I can't confirm. Nonetheless, it dawned on me that these levels (HOW/LOW) command substantial respect from price movements. My trading approach hinges on patiently awaiting price action to reach these critical levels and to demonstrate a reversal structure within these zones before I contemplate executing trades. I am also vigilant for chart and candlestick patterns, and on occasion, Fair Value gaps, order blocks, and ICT concepts. When these patterns align, particularly in proximity to or within those key levels, price tends to react or reverse. My toolkit further incorporates the utilization of the Fibonacci retracement tool. Let me illustrate: Considering the attached GBPUSD 15-minute timeframe (TF) image, I exercised patience as I waited for price to retrace to the (0.5-0.618) Fibonacci retracement range. I identified a double top pattern within my specified interest zone. Subsequently, I entered a selling position, with one of my take profits set at the -0.272 Fibonacci extension level. Upon closer inspection, you'll discern that these events unfolded around the HOW, which subsequently led to a pronounced price decline. In a nutshell, the greater the confluence of factors supporting a trade, the more favorable the outcome tends to be. This encapsulates the essence of my trading strategy, centered around these pivotal levels. I trust this provides an additional layer of insight to complement your existing knowledge. Until then, take care!
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Petah:I have talked about this a few time on this thread… but will share what I have on this with you before the day runs out… Enjoy your day |
Gbpusd done and out
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Eurcad did amazingly well today, though I missed the trade…. Took a longer time to drop into my zone of interest.
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Nwadaka:Ok
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Eurcad… na me get you today
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Eurcad done
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Gbpusd done
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This our business cruel #gbpusd
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SPX PUSHING
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This our biz cruel
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EmmanuelVi:Thanks for sharing your perspective! I agree that going against the crowd can be a viable strategy in trading. However, my trading approach involves a combination of factors, including sentiment, key levels, and areas of interest. While this week's bullish sentiment might suggest a long opportunity to some, I focus on my daily marked-up levels that guide my trades. Connecting this to the weekly sentiment, I seek trades that align with both my daily setups and the overarching weekly sentiment on an asset. Last week's sentiment for GBP/USD was bearish, and trading in line with that sentiment would have led to favorable gains. Here's a screenshot attached, showing last week's sentiment for reference. It is however worthy of a note that my sentimental strength meter on GBPUSD has a win rate of 65% so far this year. This further underscores the value of combining sentiment with other factors in my trading decisions. May the pips be with us all.
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🚀📊 GBP/USD Sentiment Update! Last week: 16.0% 💔 This week: 30.6% 🌟 Market sentiment for GBP/USD is on the rise! 📈 I'll be on the lookout for potential buying opportunities. Stay tuned for more updates. Happy trading! 💰📉 #GBPUSD #MarketSentiment #TradingOpportunities |
SPX HAVE MOREROOM TO DROP DOWN
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Edd1e:Boss, i dey o... i dey push like everyone here. i trust you are good too |
If you find an additional factor of confluence to short Eurgbp, go on...... SL, right shoulder.
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we are still trading in the zone #GBPUSD
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GU
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GBPUSD
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