Pipsbasketings:


Yes my people, pipsbasketing all the way - swing trading is still the way.

Just curious, do we by any means have anyone who meets the following:
1. Swing trades, and
2. Trade on D1.

These are the people I will be sharing my view with, reason is: different kinds of traders see differently based on their different methods and timeframes of trades. If you meet the criteria above, I can guarantee that we see the same thing 90% of time. In addition, please note that if you swing trade but on other TFs, sorry I cannot see what you see; alternatively, if you trade on D1 but with other forms of trading like scalping, day trading, position trading, sorry I cannot see what you see.

This is the major reason why when someone comes with a position outlook on the forum, ask the questions:
what do you see? what timeframe are you viewing your outlook? what trading style are you doing? Ask questions! Ask questions!! Ask questions!!! best way to learn or rather improve.

saxy4c:
Well, looks like bitcoin is behaving much better than commodities from a technical standpoint. Targets achieved and now this next leg is going to be very tricky.
I favour an upward move from 9800/9500 levels as that gives a better RRR. Once this level is invalidated, then BTC is going below 5000 again before the next bull run to 15K and possibly 20K.

Pipsbasketings:
Let's discuss: Looking at EURGBP

Timeframe: D1, Swing trading
Risk: 100 pips, Profit Target: 300 pips
If the currently forming candle closes bullish by the end of the day (10pm) , I will go long with SL @ 0.88725 (about 100pips) and TP around 0.92522 (about 300 pips)
Please note: If you cannot risk, do not trade. here we can risk 100 pips in case it goes south.

What do you see?

Bornfool:


Baba I dey with you. Na daily timeframe I dey trade. I will be so happy to learn from you.

Bornfool:


Baba I dey with you. Na daily timeframe I dey trade. I will be so happy to learn from you.

Pipsbasketings:


Yes my people, pipsbasketing all the way - swing trading is still the way.

Just curious, do we by any means have anyone who meets the following:
1. Swing trades, and
2. Trade on D1.

These are the people I will be sharing my view with, reason is: different kinds of traders see differently based on their different methods and timeframes of trades. If you meet the criteria above, I can guarantee that we see the same thing 90% of time. In addition, please note that if you swing trade but on other TFs, sorry I cannot see what you see; alternatively, if you trade on D1 but with other forms of trading like scalping, day trading, position trading, sorry I cannot see what you see.

This is the major reason why when someone comes with a position outlook on the forum, ask the questions:
what do you see? what timeframe are you viewing your outlook? what trading style are you doing? Ask questions! Ask questions!! Ask questions!!! best way to learn or rather improve.

Pipsbasketings:
Great, but do you swing trade? just to be sure we are on the same page

Pipsbasketings:




what do you see? trade to be taken at 10pm tonight

Bornfool:


This what I see sir.

Bornfool:

This what I see sir.

Bornfool:


Yeah I swing trade but I wait for candle like pinbar before taking any entry on the daily timeframe.

Bornfool:
GBPJPy: let see what happen at 140.91 key level whether will be looking for a buying opportunity.

Pipsbasketings:

Great, what is your outlook, your position? long/short/range: no position but to wait? TP, SL or you just allow it to burn out?[/color]

docus:

Sell when price breaks below support 0.8925

docus:

Sell when price breaks below support 0.8925

Pipsbasketings:
Haaaa, sell? now I get what you see. I would imagine that it would take few more days for price to reach that support. What I immediately see here is that the support has already been tested; hence, to swing this trade, you follow the current and immediate trend (long) with your appropriate SL and TP. @Bornfool has not mentioned what he sees.

Pipsbasketings:
Haaaa, sell? now I get what you see. I would imagine that it would take few more days for price to reach that support. What I immediately see here is that the support has already been tested; hence, to swing this trade, you follow the current and immediate trend (long) with your appropriate SL and TP. @Bornfool has not mentioned what he sees.

Bornfool:


If it breaks, do you wait for a retest?

Great analysis guys,
Docus has no immediate position yet, Bornfool's immediate outlook is as mine: like I mentioned earlier, I will enter long on the pair (EG) by the end of today about 10:05pm, set SL to 100 pips and TP to 300 pips. Disclaimer: if it goes south, my SL is my guide - no blame

I'm looking to pull up another pair for analysis.

Bornfool:

Buy will be good sir

docus:

I see a round top forming, most likely price will fall, but I can only enter when price breaks below the support 0.8925. My bias is still sell, until I see more price action to the up side to confirm a buy

Pipsbasketings:
Let's discuss: Looking at EURGBP

Timeframe: D1, Swing trading
Risk: 100 pips, Profit Target: 300 pips
If the currently forming candle closes bullish by the end of the day (10pm) , I will go long with SL @ 0.88725 (about 100pips) and TP around 0.92522 (about 300 pips)
Please note: If you cannot risk, do not trade. here we can risk 100 pips in case it goes south.

What do you see?

docus:

Yes to see how it would react at d support, or wait for more price action to confirm a buy

Benqozenero:

As a wave trader, I attached the analysis in the picture to show you what i see. I actually see a down move if price hit the yellow trend line because wave-e extension kind of invalidates the supposed upside movement that should be. Pipbasketing are you saying the engulfing candle keeps the upside alive.? kindly share what you see. Thanks.

Benqozenero:

As a wave trader, I attached the analysis in the picture to show you what i see. I actually see a down move if price hit the yellow trend line because wave-e extension kind of invalidates the supposed upside movement that should be. Pipbasketing are you saying the engulfing candle keeps the upside alive.? kindly share what you see. Thanks.

Pipsbasketings:
From the pix, I see a big resistance and a possible extension to go south. If this happens, the extension would be very big. Thus, I'm waiting till 10:05pm, my position will be long for now. but check again, in 2 to 3 days, say Thursday, if it goes south and takes out my 100 pips, I am immediately re-entering with a short cos that would be very big short. same RRR.

For now, my position will be as stated earlier.

docus:
Let price be d judge

Pipsbasketings:
Great view, when I swing trade, I follow the most current/recent trend regardless of any support below me if I'm on short OR any resistance above me if I'm buying but I use them as my SLs as the case may be. Remember, supports and resistances get broken. yes absolutely yes to your question. Even though it is not engulfing, as long as it is bullish and closes above the previous bearish candle. I go long bro, but remember, with my appropriate SL and TP.



In addition, I have indicated the box to show my expected RRR, if your analysis follows, I still don't expect price to go below the blue box, it may range in below the current price but don't expect to cross below the box and if it does, SL takes care of that.
Hope you get. Anyone else with his/her view should say on EG, swing trade on D1.
I plan to add to my current pipsbasket.

Bornfool:
AUDUSd is good for a buy here

Bornfool:
AUDUSd is good for a buy here