Im long based on MODE BREAKOUT SETUP ON 1HR: Would look to add to long, if this setup works. 1. FALSE MODE BREAKOUT(Trap) 2 Bounce off Prior Range 3.Three pushes Pattern 4, Awaiting correct Mode Breakout
XAGUSD: WOULD MONDAY- 7|03|16- PASS FOR DAY1 OF 15...??? Value keeps increasing. 20days @ 14.05 and now, 15days @ 15.25 seemingly. Now, for this to unfold as analysed, we need monday's low not to touch or be below 15.25. Praying.......^_^ Sharp!
With BOL taken down, we have a new defined trend in place.I went long upon break of BOL. Measured Move Target sees 1960. Price action would lead the way concerning how I navigate from here. Definitions...
Will update after close of day today
We had a nice long here. And with the correct stop, one could join with a market order as pullbacks rarely come up when trends are this fierce. I have no idea what the fundamentals are. And I careless. Im just trading my setups.
I'm focussing solely on this time frame, and this price chart before me here w/o any recompense to Daily chart above me nor 1H chart below me. The MODE of this market now is a wide TRADING RANGE , from SX to BOL = 200+pips TR . With the correct strategy, one could trade from high to low until BO finally- downtrend continnuation , or reversal to the upside....
A potential HLMTR . A good buy upon a convincing break of BOL. Conservative stop = Below SX Aggressive stop = Below HLMTR However, should we get a fake BO to the upside, I'd look to short to SX Definitions...
All that matter to me, 3Things: 1. KEY HOT ZONES (They burn like hot frying pan ;)) 2. DIRECTIONAL BIAS (Prevailing Trend) 3. PRICE ACTION REJECTION SIGNALS Otherwise, Im beginning to close my mind totally to news. They are noise. Whatever the news conveys, proper price reading gives it away, plus, it gives energy to my trade. If Im taken out, tis simply a...
NZDUSD is in a trading range currently, and seems to have put in a HL MTR. I'm going long upon a convincing BO of BOL . However, should BO fail, I'd look to short to testing SX , prior to the ultimate BO of TR Definitions...
Analysis on chart.... 141-138 has been a KEY RESISTANCE ZONE to short this pair. I Will be looking for shorts below big black zone or @ red zone. Ultimate target is sea blue zone Regarding the nature of this market, including GBPJPY, I prefer to play them on daily, with my weekly levels to catch huge pips with a moderately sized risk. Shorter time frames...
Price Action From here would be interesting! 1.42300-1.43200
This is purely technical. No Fundamental considerations.
Price Speaks. Focus on the price bars on the chart Trust your setup. Do not second guess. Stick to fixed dollar loss Close ears to News and TV. Be resolute, and strong. Make consistent withdrawals from your trading account to your wallet (Psychology ;) )
2nd Chance buy coming up The Chart speaks. No need for fancyful words ;)
Trading For The Thrills....OR For The Money? Keep It Dead Simple! The Means Matters Less, For So Long As It's Repeatable. ;)
I don't like talking too much. I believe the charts speak to everyone of us. ;) I would take the appropriate decision when a trade setup rears its pretty head. MooreKapital Building Stable Wealth In An Extremely Patient Style See my other GOLD chart in attachement Sharp!
It's Life In Progress ;) Trading inst difficult at all. YOU make it difficult! ^_^ MooreKapital Building Stable Wealth With patience. ;)