Goldmine! - page 15
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Red Box Hot Spot
Just a minor bit of info. added to last chart...the Red Box Hot Spot.
May not post again until later today. Enjoy your trading day: be careful.
FX4Newbies
Red Box Hot Spot PRICE TARGET ATTAINED!!!
Please see earlier post where the red box outline was drawn in. Here is the link:
https://www.mql5.com/en/forum/180304
Sometimes you just need the right tools and the right approach (mental and otherwise) to dig for gold.
Let's see if we can get the first yellow target too.
Just Watching....
Hope you all enjoyed the weekend. I have just been watching...nothing more at the moment. Thinking it may climb a little more.
Take care,
Interesting Thought From A Trader
hi,as you see i have 2 forks,one up and one down,
i wait now to see which one has the frequency,then play that one,moving down to 15 min chart for entry.
does that sound ok ?
off to work now will checking later
thanks
My responses:
Looking for entry on the M15 is not a bad idea. However, be careful, at a junction like this, whales could be around with some fake moves, running stops etc.
Be very careful.
In response to your question, "which fork?", for me the question is "where is the trend?". Then, look at that fork. If that fork's MLH is broken, then you have gotten some clues from price action. At that point, you wait/look for confirmation of a trend change...then if so, you look for entry.
We must train ourselves to analyze price action carefully, objectively and systematically. I definitely saw a potential short forming around 1.2390. But, I am in a process of disciplining myself to watch and trade with the trend, not that it would have been a bad trade. Just a mentoring approach for me personally right now.
My 3 cents
.
FX4Newbies
Price Is Trying To Hold On
Definitely some downward pressure. Price is trying to hold on at teal L-MLH.
Whale territory. Be careful. Do you see the war zone?
US Session June 28
Two chart views...a cleaner chart (less lines) followed by our continuation chart...for those who want to follow price action.
Of course, if the support of the MLHs do not hold, the ML of the current down-sloping darker red fork on the lower chart could be the target.
(Watching price interact with these lines tells me something).
Enjoy your trading today.
The Bears Won.
Hello again,
Just got back to the office...bearish momentum won the war. Will they take it to the ML? See comment on Post 145.
Fx4Newbies
Sharing An Observation
Notice how price fell more freely after it retested the teal L-MLH? At that point it became clear that something had definitely changed. Prior to that, the market was very choppy. Traders of varying degrees of risk tolerance would choose to enter at different points along the way down. More conservative traders were waiting for a clearer sign. That point was it for them. If you were to look at a M5 chart, this would be very apparent to you in the way price fell.
Also notice when it began to fall in relation to the second target...about the same time it might have continued up.
FX4Newbies
ML Target Achieved?
The Power Of Median Lines!
I hope by now those of you who may be new to Pitchforks see how powerfully these lines work. Attached is a chart showing that price got extremely close to the target ML. Close enough for me.
Should be posting again for Asian Session.
Take care,
FX4Newbies
Asian Session June 28
Just a quick post. Updated the Pitchforks. Price is trying to make an upward move, but has not yet been able to hold above the L-MLH. Will be watching for confirmation of next move. Scalping trades may be all that is available at the moment.
Take care and beware,
FX4Newbies