Let's Talk Trading Set-Ups

[barjon]

good so far - disaster stop to break even

Just over 1.5R which was initial target. Closing now since don’t want to hold over w/e. Can always re-enter next week.

 

[pezza55]

good break upwards so as you say wait for the pull back and and look to get in with a buy around 1.11750

1 week later and at 1.11200 so time for a buy to break up from here

 

[momo3HC]

What is that makes you call this a dead cat?

Current area looks like a third TL hit?

View attachment 272641

I`m seeing this as a good buy opportunity.

 

[RachelFX]

dead cat

View attachment 272681

SO where there is counter confluence, and should wait for the price action to provide a clear direction?

 

[RachelFX]

Just over 1.5R which was initial target. Closing now since don’t want to hold over w/e. Can always re-enter next week.
View attachment 272738

Do you always close trades before the weekend?

 

[barjon]

Do you always close trades before the weekend?

Mare often than not, particularly when things are a bit volatile. Day by day usually hold since a lot of the move often comes from gap openings.

 

[barjon]

Just to finish this one off. Now well into bonus territory with move through main target area which was already a bonus beyond the 1.5R minimum requirement. If it comes back it shouldn’t be allowed to get to 1818 (hard stop) and an earlier exit somewhere in the 1826 - 1818 rectangle area unless clear signs of it strengthening up. Otherwise, keep truckin’.

 

[Dentalfloss]

Bounce off our trendline

 

[Dentalfloss]

SO where there is counter confluence, and should wait for the price action to provide a clear direction?

stgill a dead cat

 

[Dentalfloss]

 

[barjon]

Just to finish this one off. Now well into bonus territory with move through main target area which was already a bonus beyond the 1.5R minimum requirement. If it comes back it shouldn’t be allowed to get to 1818 (hard stop) and an earlier exit somewhere in the 1826 - 1818 rectangle area unless clear signs of it strengthening up. Otherwise, keep truckin’.

stopped out on open with a couple of points slippage thrown in - bugger. Still an ok trade tho’.

 

[RachelFX]

stopped out on open with a couple of points slippage thrown in - bugger. Still an ok trade tho’.

Got to love Forex lol

 

[RachelFX]

Looking at EURNZD to short from here

https://www.tradingview.com/x/diymWVUm/

 

[momo3HC]

Looking at EURNZD to short from here

https://www.tradingview.com/x/diymWVUm/

Seems like you`ve made some good pips profit.

 

[RachelFX]

Was not expecting GBPUSD to tank like it has.

Still sitting on the 1.3 level, with horizontal and diagonal support keeps it long for me at this point

 

[Pat494]

Was not expecting GBPUSD to tank like it has.

Still sitting on the 1.3 level, with horizontal and diagonal support keeps it long for me at this point

Depending where it opens, I think it may sink just a bit further before bottoming out.
Fingers crossed for you…...………..

 

[walpants]

Depending where it opens, I think it may sink just a bit further before bottoming out.
Fingers crossed for you…...………..

agree with this a bit further to drop first

 

[RachelFX]

GBPUSD is a very simple set-up using the 1.3 level.

Price broke through and is testing the resistance of 1.3 , simple and support and resistance opportunity.

No price action yet though for entry that i like.

 

[Farm Yard Forex]

Been riding USDCAD down the last few days. Was at the 1.33 resistance point and didn't look like pushing through. Last couple of days it's dropped nicely.

 

[AlexH149]

Potential short trade setting up for this coming week (almost certainly won't set up given that it's developing through a weekend)

So do potential setups tend not to play out over weekends then? Since you mention it I've noticed this before.