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    Page 269 of 313 FirstFirst ... 264 267 268 269 270 271 274 ... LastLast
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    Thread: moneygrow's trading journal

    1. #2681
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      There has not been a clear direction for GU and EU in the past week until now because of the volatility that greeted the market in the last three to four weeks, you will notice how the pair changed suddenly from buying to selling, this is something the happens occasionally and I believe that this consolidation that we see now will continue for a while depending on several other factors which we won't be able to see now but definitely the market is getting bullish for both pairs.

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    2. The following 9 users say Thank You to Neriah for this useful post.

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    3. #2682
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      yes, in a short while the gbpusd and eurusd markets would turn bullish. buyers can start building positions now. there are chances the pairs would not do more than the current lows. i put my stop loss at 30 pips below the current week low.

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    5. #2683
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      Quote Originally Posted by ola4real View Post
      I share in your opinion too, because the technical analysis is the best that every trader are looking for. When traders want to be successful in the market very fast, they will be working with fundamental analysis, that is why they will lose their money very fast instead of making that success that they are looking for. I will like to say that i like to trade with technical analysis only, that is what i know ever since i started the trading if the market. When i tried to trade fundamental analysis, it is all my money that i wanted.
      i think both the two type of analysis are very good to use, if am to be very honest, but any trader that wants slow and steady profit, then technical analysis is the only way, because belive me, with fundamental analysis, we can loose big and also win big but depending sometimes on our knowledge and understanding of the one we choose.



      For the past week all bull movements on EU and GU still weak. Whenever they made some progress, it will be stopped by the bears

      Still, i feel this is a good progress because we have seen tries everyday which only means volume starting to come back into the market. I just hope market will be more active by next week as my finger is itchy to place my manual orders
      well brother, i think the market is still very much in a tricky situation most especially the gbpusd and the eurusd, and i hope things get better in the market next week, hopefully if we can have some bullish trend

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    7. #2684
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      Generally speaking, it takes more time for a market to turn from being bearish to bullish than the opposite happening, there are many ways we can trade this type of markets the best would be to wait for a good confirmation because entries that is premature can cause an issue, there are some people that lose in these kind of conditions because they lack the patience.

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    9. #2685
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      Quote Originally Posted by Neriah View Post
      There has not been a clear direction for GU and EU in the past week until now because of the volatility that greeted the market in the last three to four weeks, you will notice how the pair changed suddenly from buying to selling, this is something the happens occasionally and I believe that this consolidation that we see now will continue for a while depending on several other factors which we won't be able to see now but definitely the market is getting bullish for both pairs.
      It is strange that you said there is no clear direction for GU and EU, the tow are trying to trend down, you should know that, and what we see that is climbing now are still going to fall later, that is what i see here, and i am trying as much as possible to handle the market in that manner. This kind of pattern has been happening before, we have to be careful with it s that it will not affect us. I am certain that the best in trading these days is to take note of the lower time frames too, not only the higher ones.

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    11. #2686
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      We should not be too on a hurry to buy gu now because it is still indecisive as to what it wants to do, the movement that saw it selling massively that yesterday was not normal, that is just typical of gbp usd, we need to be cautious to avoid stories that touches the heart due to losses, a good bullish confirmation is needed before we can earn from the this pair well, for now let's be careful.

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    13. #2687
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      I have not truly seen anything that has convinced me beyond all reasonable doubts that GBP USD and EUR USD are bullish, yes we see some moves by the Bulls to cause some ripples in the Forex Market but this is just a retracement, when the market opens next week, that is when we are going to know what is going to be the case either buying or selling, let's keep our fingers crossed for now.

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    15. #2688
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      Quote Originally Posted by simisola View Post
      We should not be too on a hurry to buy gu now because it is still indecisive as to what it wants to do, the movement that saw it selling massively that yesterday was not normal, that is just typical of gbp usd, we need to be cautious to avoid stories that touches the heart due to losses, a good bullish confirmation is needed before we can earn from the this pair well, for now let's be careful.

      Exactly, you are absolutely right that we should not be hurry to put Buy on GBPUSD, there is still have chances to go down more again. Next week we have some strong news about USD, so on usd based pair we should not too hurry to buy with these pair. We must wait till next week then we can get clear that what will be the next, I see on EURUSD, it has done already a uptrend but still there is chance to go down more. Asking everyone to wait few days then you can put buy with these pair but if you are short term trader then you may get some pips with Buy.
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    17. #2689
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      If gbp usd is going to sell, this is going to be strange because we are not sure about the next move it might make, just see how it moved up earlier and then suddenly started selling again this evening, this is a serious caution that the real event has not began there is still a chance the bears are still waiting for the right moment before doing what's in their mind.

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    20. #2690
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      I hope that from next week UJ drops because i see very nice hidden divergence on UJ from last week and don't move so much in the upward direction which shows indecision in the market and their is also a dozi candle stick confirmation on the weekly time frame which indicates it's bearish move in coming days!

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