Well who ever called out 1.45 will have it pretty soon
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DislikedAfter viewing your recent charts yesterday, I had proof before me that (as ddaytrader would agree) S&R is better than whole number divisions, which is better than pivots, which is better than nothing. Support & Resistance reigns supreme!
I started with EU and, using the horizontal line tool, began to add some S&R lines to the chart. I just did not like the fact that the right margin labels show up, and there was no way to not display them. Or, was there...?
The result of it all is a new indy, the SonicR S&R Lines indicator. Right now...Ignored
DislikedStop Loss Executions Are Not Guaranteed!
Check with your broker if you do not believe this. SL orders are executed "at best available price". The danger this presents is that the price moves too quickly thru the SL level and far beyond, opposite the trade direction. When the price movement finally slows down long enough for the SL execution order to catch up with the current price, the trade might be stopped out quite far from the intended level!
I have only heard of one broker that guarantees SL execution, but do not remember the...Ignored
DislikedHere is my talisman that sits on my trading table. When market is bullish he is quite happy. But when the market goes south, he turns his... well see for yourself.Ignored
DislikedIgnored
DislikedEU:
I am going with my convictions on this, and a small entry order.
EP short at 1.4326. The overall trend is down, which is my insurance if this blows upwards today.
This is not SonicR, not even a Scout.....it is a Scary trade.(I just feel I have to do this one. Either I will be right, or God will be teaching me a lesson I must learn.)
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DislikedEU:
(I just feel I have to do this one. Either I will be right, or God will be teaching me a lesson I must learn.)Ignored
DislikedYou Ask for it, and You Receive it.
What is the lesson you are learning ??
Your nemesis EUR/USD has return to you.
Why must you feel the need "to be right all the time" ??
You just need to be right "some times" and let it go for the other times.
Just wondering if you are allow to go both Long and Short positions at same time with your broker.
As heard US broker does not allow this.
And perhaps this is the Other Main reason why you always hold onto your positions and convictions??
And when you are Short EU, as you don't want to exit...Ignored
DislikedEU:
I disagree. And I see good reason to, just referring to the M1 Price/Volume relationship.
1. After the whipsaw, the heaviest volume for the day was via bear candles falling off the highs.
2. The current run up is on diminishing volume.
3. The current run up exhibits series of pumps and dumps.....simply meaning price moves the next step up (which takes an increase in volume) but then shows similar high volume as price holds the step, followed by similar high volume as price drops part way back.....pump (it up) and dump (close the pump...Ignored
Disliked1. After the whipsaw, the heaviest volume for the day was via bear candles falling off the highs.
Yes. It fell then it QUICKLY rejected the low 1.4350 with the long tail bar.
Then it tested the low again and quickly rected some short time later.
FYI, on 28-Jun I did have a Short EUR/USD at 1.4269, and it did have a 30pips running profit originally, then I got greedy and move the TP and SL.
So did not hit TP, and within 10-seconds of moving SL to BE+2, it hit SL instead.
The speed of rejection at bottom 1.4240 and hitting my SL quickly...Ignored
DislikedHello Sir,
I followed your strategy entered long at 4340 and took profit at 4440 for 100 pips.
Great trade. BTW are you still bullish ?Ignored