The market is having a laugh. Just winding us up and not giving us a direction now.
I've always been a stubborn person and contrary to everyone's expectation, i still think that it is going down. So i'm going to cancel my previous limit order and place a sell order a few pips above the current price. The TP will still be the orange line although it might fall further. Using a R/R = 1 will help me set a stop above yesterday's high, but in reality, if it breaks that blue line then i need to close.
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as of right now i am trying to build a online community of traders to work together to which i will be introducing employes to this way if they have any questions and i am not there i will have confidence that they would have a resource to turn to for help
There is a chance that the recent daily uptrend is going to stall just here.
We might get some news any moment. Could go either way.
kinda it will be in the clear when we hit the high so it would indicate that there will be a lot of momentum in the trend and it will be a breakout since we are currently in an up tend it should continue that trend
remember the video the Chikou span has to be in open aira for it to indicate a strong trend when it is inside candlesticks or about to hit candlesticks the market does not trend
good luck to you bro
The Ichimoku is the only indicator i've never tried. In my trade station, i don't have any indicators or even any lines, they only confuse me. Sometimes looking at a naked chart shows you the clearest picture that you will ever see.
Right now we are at an important point on the 5 min chart
dam u got some balls i wouldn't go short for a long even if it is a trend reversal i would wait to confirm it before thinking of placing shorts been burned way too much in the past trying to catch the top of a trend reversal
I don't have a lot of space between my stop and the current position; however, i still strongly believe it will go down. Let's see who is right :)
the Chikou span of the Ichimoku keeps it from trending any were right now but in 5-6 hours it will clear Fridays candlesticks and if we stay near the daily high till then there should be a bull trend but a lot of things need to go according to plan for this to work
i think there is a chance it will go long in 5-6 hours
i would wait it seems like it is a pull back if u look at the 30 min chart its finding resistance on the 61.8 fibo
Bah, i was right all along. Gone short with a TP at 55.