Goldmine! - page 45
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EU still trying to push higher. Price seems to be stair-stepping on WLs as it goes. Approaching an U-MLH on the Daily (not shown). Just be watchful.
Take care,
FX4Newbies
Good Morning Traders,
Well EU did make it to U-MLH on the Daily yesterday. It has been consolidating for a few hours...maybe looking for a support or resistance area. Let's see what we get next.
Daily chart referred to is posted on the right.
Take care,
FX4Newbies
P.S. Still working on getting the flow...Quote from Linda Bradford Raschke: "...success in trading comes from....the way you organize your day...". Analyzing fine, but not able to get my trading schedule down. Also not "feeling" the market as I usually do. Not sure why, gotta figure this one out. Will keep pressing (and praying)
.
Good Morning Traders,
Well EU did make it to U-MLH on the Daily yesterday. It has been consolidating for a few hours...maybe looking for a support or resistance area. Let's see what we get next.
Daily chart referred to is posted on the right.
Take care,
FX4Newbies
P.S. Still working on getting the flow...Quote from Linda Bradford Raschke: "...success in trading comes from....the way you organize your day...". Analyzing fine, but not able to get my trading schedule down. Also not "feeling" the market as I usually do. Not sure why, gotta figure this one out. Will keep pressing (and praying)Weekly's are neutrals. Waves count are neutral too. Time for range trading.
Weekly's are neutrals. Waves count are neutral too. Time for range trading.
Hello GreatYves,
Thanks for sharing that. Beginning to discover what adjustments need to be made on my end as well to get me back on track. Will share them later on. I think this whole experience was good because times like these can come, and traders need not beat themselves up when they do. I may write an article on the blog to help traders get out of a dry spot. Having the market be in park is just one more thing to deal with
.
Take care,
FX4Newbies
Hello Traders,
EU in an interesting spot...looks like it has been making slightly higher highs and higher lows, but in a tight spot to go higher (resistance areas). Just gotta go with what price shows whenever it does...in the doldrums at the moment I guess.
Take care,
FX4Newbies
Good Monday Morning Traders,
Well EU did lose steam and sold off. Notice how price "obeyed" the Warning Lines (WLs). Just keep your eyes and mind open and follow what it does. Red dashed fork I call a "What-If" fork. These terms are also defined in the Glossary on the blog.
Take care,
FX4Newbies
Hello GreatYves,
Thanks for sharing that. Beginning to discover what adjustments need to be made on my end as well to get me back on track. Will share them later on. I think this whole experience was good because times like these can come, and traders need not beat themselves up when they do. I may write an article on the blog to help traders get out of a dry spot. Having the market be in park is just one more thing to deal with
.
Take care,
FX4NewbiesWow, even the "Goldmine" is hitting a dry patch.
Hello again,
Price did not make it to the ML of the "What-If" red, dashed fork as bullish sentiment kicked in. Kept the forks the same so you can see how price responded. Interesting how the fork lines played out. Note: One reason traders get stopped out...drawing a counter-trending fork and "trading the fork" and not the trend. Price here was still in an uptrend, hence the "What-If" name given to the fork.
Take care,
FX4Newbies
Good Morning all,
EU appears to be still pushing upward. Potential resistance overhead. Just trade what you see.
Take care,
FX4Newbies
The Fight Is On!
I guess the world is watching... waiting to short EU. Showed some weakness (red arrow) but found buyers just underneath at the WL. Price is still trying to go up, but the sellers want to sell. So let's see how and when this will all play out . In the meantime, you may need to trade shorter TFs if you normally trade longer swings...or even scalp.
Take care,
FX4Newbies