This is just me thinking out loud on a very simple approach to trading "Snorex" (Forex) :)
Tight stop, 1% on the table. Let's see if we can get down to that low. Will take partials at next low.
Let's see if GC distributes. 1% on the table. Tight stop. Aiming for middle of wide range down bar.
A simple recap on GJ's long from last night. Hope you find it informative.
Looking for some upward movement. Looks like some possible buy structures occurring. We'll see. 2% on the table
Take a look at the price action and how the daily is used in conjunction with the M1 chart. Solid trading by none other than S.G. Gitty-up! 🤠
Each day going forward I would like to follow the progression of XRP price till we get to the high and beyond. What a journey it has been thus far.
For the record, I am not a lunatic but rather an unconventional sort of outlier-type of thinker. What can I say... other than that I can not help myself from doing so 😁 From current book titles of "Principles for Dealing with the Changing World Order" to symmetrical price patterns, to brief excursions into some possible contrasts from ancient history with...
Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe...
This is how I look at price. Maybe some might find value in what I point out. Price is everything!
Noticed a few possibilities for the EU and GJ Minuet 1 longs.
Looking at the m1, it appears to be a text book Wycoff set up. I don't usually look for this set up, but it looks like it fits the bill. Let's see if we run for the equal highs.
XRP has followed a very consistent pattern found on the monthly chart via it's rises, retraces and closes. It isn't hard to see. Note my previous linked vids I have done in the past. There is no sense in churning out vid after vid each week on XRP like all the Youtubers who need their click revenue. But then again, maybe you're trying to scalp or day trade it....
I'd like very much to be wrong about this as a close family member is practically betting the farm on this thing going on for an epic rally. I'd very much like it to because there is a promise of a trust fund in my name if it does - LOL!
Took a m1 chart today. Risk very tight. Liquidity areas seem clear with typical price in-efficiencies.
This is just looking back at an interesting set up that occurred in USDCAD earlier in the month. This is what I call the balance tipping to the sell side. Hope you find it as interesting as a did. Thanks for stopping in.
Was anticipating a run on sell stops at current weekly low based on the weekly close above the last down bar's 50% (So often a retrace occurs). Price DID come to my alert to take some profit, of which I was asleep. Closed trade before full stop out and went long.
Current weekly bar is an inside bar and being ity appears buy stops have been neutralized there just might be a run for sell stops. Being that the daily is showing no close above a certain threshold, perhaps I have read it right. Half a % on the table.