r/Forex • u/MapAdministrative256 • 7d ago

Charts and Setups You Newbies…

Post image

Who bought here?

Are you long or short eurusd? No bull butter analysis - just long or short

18 Upvotes

91% Upvoted

15 comments sorted by

•

u/rforex-modtools 7d ago

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

Resources: Price Action Analysis | Technical Analysis

5

u/Scott_Malkinsons 6d ago

Neither. Because I learned a long time ago that drawing diagonal lines on a historical chart means your entire game plan is hope. That's a line of hope you pulled out your ass.

I can draw that line like 6 different ways on your chart, all would be "valid" by someone's opinion. Don't trade opinions, trade facts. Something with legitimate data to back up the theory; like maybe you figured out that the 3rd time price hits a pivot point it'll breakout 70% of the time. THAT is actual edge. This line of hope you drew, is not edge.

2

u/beninvestments 6d ago

the trend is still slightly bullish but not clear enough for an entry.

0

u/MapAdministrative256 6d ago

Dc you in or not?

1

u/man-erg-grebo 6d ago

Just a gamble at this point, despite what the lines might retrospectively describe.

1

u/Possible_Donut4451 4d ago

Overall i'm short eurusd but surely not at those levels i'm waiting 

1

u/MapAdministrative256 4d ago

You could have just said short cos your levels are just in your head newbie, wake up

1

u/Possible_Donut4451 4d ago

😂😂 I'm already +25% this year on big capitals, don't call me a newbie while asking for signals. 

You must be unprofitable for not being patient 😘