The Day Trading Thread

[padutrader]

Yes, here is a trade i am stalking now trying to get in before the breakout, but have some minor resistance in my way.

I like getting in before breakout as well.


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the red is resistance ….market will test blue zone you could enter there.. can you find out why I am saying it will test there? IMO

 

[padutrader]

Comeeeeee on break through. go higher pleaseeee

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looks like market had other ideas as usual....I am so used to eurusd

nice call

 

[padutrader]

some very good PA comments

actually most of those are copied and pasted from your comments

 

[SimpleMeLike]

for anyone who cares,my stop is moved up to green arrow

 

[padutrader]

Just for clarification, did you short at the green arrow below?

yes

 

[padutrader]

or anyone who cares,my stop is moved up to green arrow

why....that move has momentum.... and even if it corrects it should continue up.....imo

 

[SimpleMeLike]

stop out for $30 profit

 

[volpri]

There is also a good wedge top trade in simplemelikes chart. Can anyone draw it and say why it is a good trade?

ok , i am long at the green arrow. Let see if bulls going to break this thing out. If not I am taking a losss


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Would you explain your reasoning for going long at this green arrow?

 

[SimpleMeLike]

looks like market had other ideas as usual....I am so used to eurusd

nice call

Yes, after hours, plus there is alot of resistance there, I was just hoping for some fancy breakout. But I take what I can get.

 

[SimpleMeLike]

why....that move has momentum.... and even if it corrects it should continue up.....imo

Well, I use to the 1 minute chart to manage the trade once I am to ride a winner. I try to give it room to run, sometimes it run, sometimes it dont and I take minor profit or breakeven +1 tick.

I have an alarm set, if breakout near the green box to go long again.

The reversal here does looking tempting, but I'm still learning the reversal stuff. Lets see what price does here.