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Recognizing High Probability in SQRecognizing high probability in HQ. Until we lose this $45 level, the higher probability is still to go long. Hope this video helps show you how to zoom out. When in doubt, zoom out. There's always a trade somewhere that's against the primary trend. This does not mean you should be taking it. Know the difference between patience and aggressiveness. Waiting for a high probability pullback at the right long term areas is patience, shorting the 60 minute because buyers are selling at profit levels is aggressive. Both can work, both can fail. Hopefully, now you can see a little clearer reason why one can work better than the other over a 3 month period. Learn more by joining the CTP Group here. mailchi.mp Remember. It's your money, it needs to be your plan. Only trade what you've tested and proven out, your account will thank you.
NYSE:SQLong
by CustomTradePlan
A deeper look at the EURUSD. Even though the us dollar is experiencing weakness, There is resistance to be found and pivot points still to be driven to the ground. The horizontal lines display continuation and reversal points pertaining to Fibonacci re-trace-mint on prior overall greater trends. There are 3 scenarios. -Consolidation around these pivot points, Breaking and returning until a direction is decided. -A bounce off then and continuation into down trend.At which point we could reapply the Fibonacci for the according downward trend, To identify continuation extents. -The final scenario, is the pivot points are broken at which point we would apply the correct Fibonacci re-trace-mint, to see possible location of it reversal extent.
by ryanfarva
12/20 XRP Rise and...still not $1Looking at the long term path of Ripple, does this show why we can't trust those meteoric rises out of nowhere? It looks like a similar cup and handle type path until it breaks off and continues its journey to the dirt. I hope that's not the case but the overall trend isn't very exciting.... long term at least. I originally fell trap to the short-term window thinking there was a cup and handle (linked) which followed the path but I think it's not going to travel north. Oh well. Hopefully everyone enjoys the peaks.
by imnotnotjoe
1
USDCAD: Is the long term correction finally over??!I know everyone enjoyed the UCAD sell if you were on the short side! :) now is it time for more upside longterm or is this just the beginning of another bigger correction for more down? Depending on how PA behaves we should know! Price has been pulsing up on lower TF and just completed an hourly flat pattern. I will keep this one updated as price progresses! There is no crystal ball, how price plays out is anyone's guess. If a forecast isn't going your way and you're in the trade, always have a stop in place were you will be wrong! Never get emotionally tied to trade ideas! It's never a good time when that happens! Always trade responsibly and professionally! Have a great week! some previous ideas on UCAD in the related Ideas. If you have a similar view post it in the comments! Thanks for looking! :)
by adambiers
EURUSD - LONG OutlookEURUSD - Bullish 1W Timeframe Week Trade #3 Tentative: BUY Entry Market Order @ 1.1928 T/P @ 1.2038 Total pips targeted for week = 110 Ref. 1 : A clear break & hold above 1.2080 will signal that Bullish Trend can continue up to 1.2330 in longer term. Ref. 2 : A clear break & hold below 1.1730 will signal that Bearish Trend has resumed. R3 1.2154 R2 1.2049 R1 1.1986 S1 1.1817 S2 1.1710 S3 1.1648 Pivot Point = 1.1879 Updates / Adjustments / Results will be reflected in comments. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Long
by ALSM59
2