BUY Area - 1.4513 ( MY Target is 1.4660. After that 1.4790).
SELL Area - 1.4471 (My target is 1.4300. After that is 1.4194).
Yesterday my Buy Area met at 1.4373 and met my first and second target at 1.4606 and reach as far as 1.4661. After that it rebound to find Mr. Pivot again as aspected (1.4355) after fail to break R2, but only manage to drop at 1.4451.
So what next:
Trading Range is between 1.4090 to 1.4661.
1. If Candle Break 1.4661 today, candle will deffinately test 1.4790 area and may go up furthur to test 1.4985 area.
2. If Break 1.4090 candle will test 1.4050 and may drop at 1.3850. From here it will again test this year Low at 1.3500 within Few Days.
Looks at H4 chart and seems it open on middle line of BB and open on 61.80% of Fibo, candle deffinately will test yesterday high at 1.4661. If open above this level, candle will test purpple MA area. If fail at 1.4661, then candle will perform double top and will drop sharply to find Mr. Pivot at 1.4392.
RSI 7 days is going up and stoch is going up to.
Let see what will happen and please indicate all your relevan indicator.
Until then salam.
ALLAH HU.... ALLAH HU.... ALLAH HU
1 comment:
Tip of the day:
Do Not Look Beyond the Obvious in Forex Trading
Our mind is trained and is used to think about the future. It tries to forget about the present. It tries to predict and become worried about the future. In forex trading we do the same thing too. When we see a signal, we really don’t know what will happen after that. All we can do is just taking the proper position and setting our stop and target orders. But sometimes when we are looking at the charts our mind starts predicting the future based on the memories that it has from the past events. This is managed and performed by our subconscious but we are not really aware of it. Our subconscious can control us even when we are apparently awake. Most of the bad trades we do are imposed by our subconscious that is used to look beyond the obvious. It makes an image of the future trends based on the memories that it has and then we decide based on that image. When we analyze our trades later we will find out that we really hadn’t seen any signal and there were no signal actually. We just followed our imagination.
So when you are trading and before you take any position, just ask yourself that is this the signal I should see? Is this what I have to wait for to take my position? These kinds of questions activate the conscious and so prevent the subconscious to take the control. Most people think that subconscious works only when they are asleep but this is not true. It can take the control while you are driving, talking, working and trading.
But this not only the subconscious that tries to look beyond the obvious. Sometimes we try to do it intentionally because we are and we want to be smart. Being smart can be good in some other businesses but as I have always mentioned forex is really different. Sometimes you fail in forex trading not because you are not smart enough to learn how to trade but because you are too smart. You try to do something extraordinary in trading and make the maximum profit. You try to compete with the others and so you try to see more than what the others can see. So you overanalyze and you try to predict and see a far future. This is almost impossible. As I said all we can do is just finding the best signal and taking the proper position. We will not know what will happen after that and we should not try to know. We should decide just based on what we see not what we think and imagine.
TIP From Weboma
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