take half profit at .93403 I am papertrading not using real money :)
Just trying to catch some possible trend. We'll see what happens.
Trying out some new indicators... it's supposed to show you when price is consolidating tightly in the chosen timeframe. Here this price is just waiting to bust out... I think? I'm partial to the downside but may hedge for both long and short. I'm a beginner so I use a .01 position size. I'm trying to stop going for big moves like 50 pips... 100 pips etc...
Trying out this mixture of Bollinger Band and Keltner band that's supposed to show you when price is squeezing into a range. Combining that with a triangle pattern I saw forming. There's a sprinkle of a momentum indicator in there as well. I'm thinking the price is going up. Price has broken out of the triangle and I thing price is tired of being...
Don't trade on this but seems reasonable:)
I should have waited for the full pullback. I'm still working on my patience but risking very very little.
Please don't trade on this. Ultimately I think the price is heading bask up to the daily 200ema again. Maybe the price will drop and bounce off of the 200ema on hourly chart if it continues to line up with fibonacci level and head toward 200ema on the daily(drawn on chart).
I've been waiting all day. Took my spouse on a mini shopping spree
Please don't trade on this I am too new to trading. Thanks
Drew out some support and trend on Monthly..... reassessed based on weekly. Just not expecting the dollar to make any new highs....
Had to jump out when God scared the pants off of me....whoa "follow your plan" "follow your plan"
I don't think the upward move can break the daily 200ema it also may stop at the fib retracement. Look for sell anywhere by the little triangle maybe? Use a lower timeframe and price action for entry.
Good thing I only trade very small amounts because I thought this thing was going to turn around a dozen times. I'm still developing my patience. I'm not touching this again until I see something on the daily.... if it goes long at bottom of the wedge I'll look for an entry crossing the hourly 200ema otherwise I'm not touching it. I'm not even sure if it will...
Here I have extended the 200ema from both the daily and the 4 hour chart. I have also used green lines for the daily support and resistance that I think will be respected because they line up well with the 200emas. Price seems to respect the 4hour 200ema but the daily 200ema is powerful. price is correcting and will fall again. That's my prediction anyway. ...
I don't know what I was thinking on this chart....it's a smorgasbord because it's daily, 4hr, and 1hr all mixed in. It's the only thing I could see. We'll see what happens. Warning I don't know what I'm doing don't trade on this!
Here we have the 200ema as an ocean that price can jump out of and dive into. The rainbow lines are 20emas from other timeframes so you don't have to click back and forth to see them. The 9ema jagged line and the 200ema "ocean" are relative to the timeframe currently in view. Price looks like alligator jaws as it jumps and dives.... it's not the Bill Williams...