The Thief of Wall Street
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Disliked{quote} Maybe. But the way it started was bullish. It normally makes three attempts to capture a level and 1.3550 is a good one. I can hit several sls in a row. Let's see what happens.Ignored
Disliked{quote} Maybe. But the way it started was bullish. It normally makes three attempts to capture a level and 1.3550 is a good one. I can hit several sls in a row. Let's see what happens.Ignored
Disliked{quote} It went below a very strong fib line which is at 1.3518. Chances are it will bounce down from 1.3513 or so. But earlier there was good buying at and just below 1.3509. I am taking this chance for good r:rIgnored
Disliked{quote} the completed 4h candle could give more informations, specially if it closes at his low. However, she is in range and now at the bottom of it, bulls might push this to the other end....which is the top of a bullish flag(4h)...yes...let see..Ignored
Disliked{quote} 1. Take weekly chart and draw fib from top to bottom 2. Mark 50% 3. See in which part current pa is, ie., upper or lower 4. Draw a fib for that 50% portion where pa is 5. Mark 50% of 50% 6. Repeat step 3 above 7. Keep on doing this until you get nearest to current pa Focus on these levels and see if any of these are broken. Once broken, wait for the pa to retrace and confirm the broken level. There will be some movement above and below that, Mark the extreme point that proved support or resistance on retrace. This now becomes mark for your...Ignored
Disliked{quote} This is the 15M close-up of above weekly chart. The two arrows meet at long-term 50% fib at 1.3518. We are very close to this 50% fib. I am sure it makes a lot sense to consider this a very important level. Let's see if pa goes above this level to touch 1.3550. {image}Ignored
Disliked{quote} 1. Take weekly chart and draw fib from top to bottom 2. Mark 50% 3. See in which part current pa is, ie., upper or lower 4. Draw a fib for that 50% portion where pa is 5. Mark 50% of 50% 6. Repeat step 3 above 7. Keep on doing this until you get nearest to current pa Focus on these levels and see if any of these are broken. Once broken, wait for the pa to retrace and confirm the broken level. There will be some movement above and below that, Mark the extreme point that proved support or resistance on retrace. This now becomes mark for your...Ignored
DislikedThe distance between 1.3518 and 1.3452 is 66 pips. 1.3518 - 33 = 1.3485 1.3485 - 16.5 = 1.34685 1.3485 - 16.5 = 1.3452 These are the important levels for now. I went long just before 1.3468 targeting 1.3485 but was stopped out.Ignored
Disliked{quote} 1.3452 is an important number, but daily chart is yelling 1.3400. This is only reason I am taking long trades, because if it has to go to 1.3400, may make another attempt at 1.3550. 1.3500 is a very important level, it has penetrated this level and therefore a couple of more attempts are due. Sometime pa retraces and goes back rmore than 150 to 200 pips to later break such levels. I will be looking at longs.Ignored
DislikedGetting stopped out sometimes with profit sometimes with loss. Still betting on bulls because pa has not retraced very much, indicating it may make another attempt at 1.3550. Currently long with sl of 11 pips. Will close 50% if 22 in plus. That will be around 1.3515.Ignored
Disliked{quote} This is the 15M close-up of above weekly chart. The two arrows meet at long-term 50% fib at 1.3518. We are very close to this 50% fib. I am sure it makes a lot sense to consider this a very important level. Let's see if pa goes above this level to touch 1.3550. {image}Ignored
Disliked{quote} Once you draw these lines, never ever remove them from your chart. You will be surprised to see how pa follows these levels months and years after you have drawn.Some people use colored lines to mark strength of these levels, 50% fibs from bigger trends are more strong. I use green dotted lines for every 50% fib. If one level denotes more than one fib is considered stronger. However, I mostly rely on 50% fib, not really the 50% fib, but retrace level nearest to a 50% fib. Logically market should not move based on whatever technicals we use....Ignored
DislikedIt didn't touch 1.3452. This is a major concern. when it returns halfway normally goes a long way but eventually comes back to claim left pips. I am long but with tight stopsIgnored