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Trusttheprocess

US30What do you call a three legged cow?...Lean beef🤣🐄 Now lets get into. There is a lot of momentum here for the sell. As its still selling from the 'M' formation. Before I sell I'll wait for price to break and retest the 33950 level and sell it down to the next level. You can see price making lower highs and lower lows. The only way I would buy this pair is if price closes above 34150 because that was the last high and it'll be a break of structure. Keep it simple and have fun!!!!!
BLACKBULL:US30Short
by Masked_Gem
Crazy HEAD and Shoulders This is for my longterm traders and Day traders can as well keep track and grab some few pips daily, Could this be the three(3) perfect touches bounce that we take us to the moon once again, As you can see it looks like support area is gonna hold and the Bollinger band spike. If you look closely you will see the crazy head and shoulders with multiple shoulders not like the perfect ones you see on textbooks, but don't worry if you didn't see it. WARNING ⚠️ Day traders be very careful following this idea, you might blow your account if you go long at the Wrong time. Check lower timeframes for more confirmation. GOOD LUCK.
Long
by OG_FX_Empire
TRUST THE PROCESSTrust the process. Even if you have to write all over your charts to get it right!! Market structure is key, take the time to learn it and apply it. I caught all this between Friday and last night after having a good cry about how bad I wanted to get this right. --------------------------------------- Missed last drop because price hit 1H liquidity zone and dropped. I was to tired to keep trading and missed that it was hitting this zone. Was already asleep when this zone was hit.
Short
by cecedidit
2
EURUSD - Do you need help??EURUSD here. But firstly, do you need help trading or understanding char layouts? if you do I may be able to help I'm only a message away. We have all been there where we think we see the perfect setup and we look back an hour later to see it has smashed our stop loss. This is all a learning curve, all successful traders have been there and if anyone tells you they haven't then they are sure as shit lying to you! Even now I will confidently say I hit stop losses. The main thing that keeps me trading is knowing my strategy works and making sure I stick to a strict risk management plan. By doing so you can have the worst trading day ever where everything goes against you but you'll still have capital to again the day after and make the money back.. think about it. If you hit 3 stop losses at 1% risk you will lose 3% of your capital. If you hit 1 TP where your RR (Risk Reward) is say 4.2% you would reclaim all your losses and be 1.2% up un profit off one trade. Simple right? Anyway, EURUSD. I explained the importance of DXY in an earlier post and again it is important when I have looked at EURUSD. I can see we have now hit a rejection zone within the dollar and can see DXY rising again meaning the dollar is getting stronger. Also looking at price action here on the 1hr timeframe I can see we had an impulsive move down with a sharp rise back up meaning I can look to the left and look at prior structure (Yellow highlighted box) so now I can see structure I can add in my fib. High to low we can see the fib lines up nicely with the 50% fib meaning to me we should see some rejection here. My trade has a 17 pip Stop Loss with a RR of 3.26% meaning if the trade fails, I'll lose 1% of capital. If the trade goes to plan I'll gain 3.26% on my capital. You don't have to look for massive swings to make money nor do you need to allow a huge stop loss to be able to let your trade run. Be smart and only trade when everything starts to line up. And remember, losses happen. We can never be right 100% of the time.
Short
by Forexforbeginners
2