if two rectangles are showing double bottom then expectantly price will up
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DislikedWe should not forget...Too much and over analysis causes analysis paralysis. Once you set your trade parameters, put your money there with STOP LOSS & TAKE PROFIT PROPERLY SET. Then let the market judge you. No trader can tell whether your position is right or wrong. ONLY THE MARKET CAN. BECAUSE THE MARKET IS NEVER BIASED IN ITS JUDGEMENT, BUT TRADERS ARE MOST OF THE TIME.Ignored
DislikedTrade ideas for tomorrow... Friday April 17, 2020. As the last trading day of this week, I suggest we trade with caution and highly conservative risk management. With market bulls and bears battling in a range between 1725 and 1710, The Levels to watch out for are 1730 and 1705. * A break above 1730 shows antigravity. * A break below 1705 show gravity. Definitely a breakout will happen today. Trade ideas...personally I expect antigravity. Hence, A. Long at 1715...stop loss at 1705 B. If 1705 is broken downward and retested from below, short from...Ignored
Disliked{quote} Definitely will be some sort of breakout! I agree with what you said though above 1730 would definitely validate a bull run. we will see where the market takes us.Ignored
DislikedTrade ideas for tomorrow... Friday April 17, 2020. As the last trading day of this week, I suggest we trade with caution and highly conservative risk management. With market bulls and bears battling in a range between 1725 and 1710, The Levels to watch out for are 1730 and 1705. * A break above 1730 shows antigravity. * A break below 1705 show gravity. Definitely a breakout will happen today. Trade ideas...personally I expect antigravity. Hence, A. Long at 1715...stop loss at 1705 B. If 1705 is broken downward and retested from below, short from...Ignored
Disliked{quote} Definitely will be some sort of breakout! I agree with what you said though above 1730 would definitely validate a bull run. we will see where the market takes us.Ignored
Disliked{quote} I read an article sometimes ago in 2018 that said 'the market is like an elephant, it does not forget easily what it did before'. Unless invalidated, my trade parameters for yesterday April 15 and today 16, looked like those of March 25 and 26, 2020 respectively. If they look alike, the implication is that, I will just follow what the market did then... Only price levels will change. But, as you know, this is Forex, anything is possible! And, I am always wrong until the market says I am right.Ignored
Disliked{quote} I read an article sometimes ago in 2018 that said 'the market is like an elephant, it does not forget easily what it did before'. Unless invalidated, my trade parameters for yesterday April 15 and today 16, looked like those of March 25 and 26, 2020 respectively. If they look alike, the implication is that, I will just follow what the market did then... Only price levels will change. But, as you know, this is Forex, anything is possible! And, I am always wrong until the market says I am right.Ignored
DislikedRayoub, see what Nanotech replied... That's it. I decided to be posting trade ideas for the next trading day on the current closed trading day. Hence, the title of the post explains whatever the content has. The statement is correct brother. Thanks for your observation... You've got an eye for details.Ignored
Disliked{quote} lol okay understood... at the time it was still wednesday trading day figured itd be for Thursday trading day since friday trading day wont start until tomorrow 6pm. (Est) lol. But I am deciding to sit this trading day out to watch the market. you said it best yesterday overanalyzing can cause analysis paralysis.Ignored
DislikedTrade ideas for tomorrow... Thursday April 16, 2020. As the last trading day of this week, I suggest we trade with caution and highly conservative risk management. With market bulls and bears battling in a range between 1725 and 1710, The Levels to watch out for are 1730 and 1705. * A break above 1730 shows antigravity. * A break below 1705 show gravity. Definitely a breakout will happen today. Trade ideas...personally I expect antigravity. Hence, A. Long at 1715...stop loss at 1705 B. If 1705 is broken downward and retested from below, short from...Ignored
DislikedHi BiteFx, Is your position to go up riding on the US News of Unemployment Claim?Ignored
DislikedTrade ideas for tomorrow... Friday April 17, 2020. As the last trading day of this week, I suggest we trade with caution and highly conservative risk management. With market bulls and bears battling in a range between 1725 and 1710, The Levels to watch out for are 1730 and 1705. * A break above 1730 shows antigravity. * A break below 1705 show gravity. Definitely a breakout will happen today. Trade ideas...personally I expect antigravity. Hence, A. Long at 1715...stop loss at 1705 B. If 1705 is broken downward and retested from below, short from...Ignored
DislikedMorning all, great analysis there. If bulls are dominating today, it is to expect price will find support at 1722.00. But I'm expecting a little more push down to 1719.45. If price finds support there, buy with TP 1731.42 Even tough, price will go much higher, up to 1746.64 or even higher 1757.98, but first it has to break 1731.42 I didn't go long at 1722.00, let's see if I was right with waiting. {image} {image}Ignored