DislikedIn my view. 1790 is the last demand zone, if breached we go back to Bear market...and so on & on & on...until we finally get a direction, clear direction as now still in NML .1780-.1810/20Ignored
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DislikedIn my view. 1790 is the last demand zone, if breached we go back to Bear market...and so on & on & on...until we finally get a direction, clear direction as now still in NML .1780-.1810/20Ignored
DislikedIn my view. 1790 is the last demand zone, if breached we go back to Bear market...and so on & on & on...until we finally get a direction, clear direction as now still in NML .1780-.1810/20Ignored
Disliked{quote} Looking at H1 chart, if it closes below .1790-ish, I'll call it a BEAR and look opps to Sell. Right now after SL hit, I'm in 3 more lots from the base of Demand + TL (connecting 2 consecutive day lows) and Bulls have 30 min to push it above .1800. {image}Ignored
Disliked{quote} In the bigger picture once we see a bearish breakout it will not last too long anyway.. not like it will fall 100 pips.. those days are paused for now.. In my thinking any potential drop is limited with 1.1730 area max. The daily chart needs a wave 4 to the upside now.. we are actually just waiting for bears completing wave 3.. Stay GreenIgnored
Disliked{quote} Ata - can you provide a chart of the Waves you mention...just to visualize things for myself. ThanksIgnored
Disliked{quote} For years I was checking the wave charts of Chris Svorcik, an analyst from MTrading, and lately he shifted to Admiral Markets and his page has moved from MTrading to their webpage.. The link below will send you to his daily wave analysis and the chart you wanted to see: https://admiralmarkets.com/analytics...rget-at-1-1750 I hope it helps.. Stay GreenIgnored
DislikedShorts closed and booked @ 1.17860 Not quite my initial target but I doubled the size of the first Short with adding another position. (I can't believe I really traded a 5 minute trend breakout, but that was proper Dow trading in action ^^) This ends my "intraday" week with 8.1% total profit. I only traded intraday for three days, with the largest drawdown of 2% (yesterday) Not bad for someone who usualy doesn't scalptrade, I am happy with it Green is the color Have a nice weekend peepsIgnored
DislikedI thought I might just share this. (NOT for bragging) We have some new traders in here, so I want to showcase the 5-Minute chart trade that I just made. This is a simple schoolbook (Technical Analysis of Financial Markets - John Murphy), Trend Breakout "Dow-Theory" trade, using a single trendline after spotting a S-H-S pattern. I did spend many years of trading doing exactly this, and these setups are always low risk / high potenial profit trades. If you'd only look for these clean technical setups (can be traded on all timeframes), and trade these...Ignored
Disliked{quote} Well done Teek, and well spotted H&S, also we have triangle break on H1 w/continuation...the move to the Nort was false break out and got me good, but I'm happy as charting is all the fun and now I'm pretty confident in the continuation of the DTIgnored
DislikedI thought I might just share this. (NOT for bragging) We have some new traders in here, so I want to showcase the 5-Minute chart trade that I just made. This is a simple schoolbook (Technical Analysis of Financial Markets - John Murphy), Trend Breakout "Dow-Theory" trade, using a single trendline after spotting a S-H-S pattern. I did spend many years of trading doing exactly this, and these setups are always low risk / high potenial profit trades. If you'd only look for these clean technical setups (can be traded on all timeframes), and trade these...Ignored