EUR/USD Beginner Level trading - Page 49

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@headies25284 - 4 months ago

Quoted - yokoyi

I have closed my long for 20 pips profit

That’s a good one

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@yokoyi - 4 months ago

After i exited price started dropping what we just saw was a long green climax bar. After a climax bar forms, if the next candle that forms is an opposite one, it is a danger signal thats why I exited. However, price is still bullish till it closes below 862.

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@yokoyi - 4 months ago

Price was unable to close below 862 so we still see a bullish market, howver I am not trading again as I am done for the day.

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@yokoyi - 4 months ago

Price is rallying, massive up trend.

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@headies25284 - 4 months ago

Quoted - yokoyi

Price is rallying, massive up trend.

Price just took out the weekly high I showed you the other time, i believe there will be some level of retracement before the buys continue.

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@yokoyi - 4 months ago

The US dollar crossed the 1.2000 mark yesterday and this is an all-time high

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@yokoyi - 4 months ago

I just took a long trade and I am up 20 pips already, I am going to adjust my stop loss to break even and allow the trade to run.

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@yokoyi - 4 months ago

I got stopped out on this one, but its okay I will look to buy again

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@yokoyi - 4 months ago

Just took buys with 15 pip stop

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@yokoyi - 4 months ago

Just got stopped out of my long.

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@headies25284 - 4 months ago

Eurusd is generally bullish , so it’s advisable to keep looking for buy opportunities.

For me, I am waiting for a candle closure above that zone I marked on 4hrs to be confident that the buys has started. A candle closure above that zone signifies a break of structure to the upside. I got my eyes also on it.

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@headies25284 - 4 months ago

Quoted - headies25284

Eurusd is generally bullish , so it’s advisable to keep looking for buy opportunities.

For me, I am waiting for a candle closure above that zone I marked on 4hrs to be confident that the buys has started. A candle closure above that zone signifies a break of structure to the upside. I got my eyes also on it.

Here is the image

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@yokoyi - 4 months ago

Just took some buy trades with 10 pip stop

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@yokoyi - 4 months ago

Quoted - headies25284

Eurusd is generally bullish , so it’s advisable to keep looking for buy opportunities.

For me, I am waiting for a candle closure above that zone I marked on 4hrs to be confident that the buys has started. A candle closure above that zone signifies a break of structure to the upside. I got my eyes also on it.

Okay sounds great but why did you mark that zone? what is the rationale behind it?

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@headies25284 - 4 months ago

Quoted - yokoyi

Okay sounds great but why did you mark that zone? what is the rationale behind it?

Based on the SLk strategy I trade. When a daily candle rejects and close at a particular daily keylevel, I need to see a breakout to the direction I want on the 4hr timeframe. The model of the two timeframe is timeframe alignment.

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@yokoyi - 4 months ago

Quoted - headies25284

Based on the SLk strategy I trade. When a daily candle rejects and close at a particular daily keylevel, I need to see a breakout to the direction I want on the 4hr timeframe. The model of the two timeframe is timeframe alignment.

okay 👍

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@yokoyi - 4 months ago

I closed my longs profitably when the first red candle started forming and I have switched to shorting with 10 pip stop loss.