Bull View
I see another rejection @7000 will move north side. At least we would see 7360 to continue weekly downtrend.
OR
I see another rejection @7000 will move north side. At least we would see 7360 to continue weekly downtrend.
OR
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Disliked1h 20ema cross with 4h 20ema. either we get a bounce or we get a retrace to the 1h 20ema. win/win i think we'll get one more push up. then it'll be a short imo. {image}Ignored
Disliked{quote} Ok, so just a cross of the 20 and 80 ema.... ....do you use any other filters? such as using the MAs as dynamic S/R levels, or looking at the direction that the higher timeframe MAs are moving in (in this case, horizontally)? Fwiw, the big M shape which confirmed a technical breakdown of sorts, is wedged in between two Supply and Demand Zones, with the lower being right where I entered my AUDUSD long (full disclosure, I thought I would be smart and jump out, and jump back in again on dip....but so far have missed my re-entry by a ants ball...Ignored
Disliked{quote} in the context of a trend these cross' are bankable. like i said either it bounces and you bank big or it crosses and retrace and you still bank. i use ma's, cummulative delta, price translation/structure, trendlines and fibs for retracement and price projection. vp as well.i have posted many charts on the eu thread, probably best you see what i post as i do so daily. i also like M and W's - see if you can spot the W in the chart below. bullish of course. i'm looking for .71436 {image}Ignored
Disliked{quote} in the context of a trend these cross' are bankable. like i said either it bounces and you bank big or it crosses and retrace and you still bank. i use ma's, cummulative delta, price translation/structure, trendlines and fibs for retracement and price projection. vp as well.i have posted many charts on the eu thread, probably best you see what i post as i do so daily. i also like M and W's - see if you can spot the W in the chart below. bullish of course. i'm looking for .71436 {image}Ignored
Disliked{quote} Yeah, the big purple line at 0.71260 is ur bull W. It is where my re-entry is sitting unfilled by Pepperstone, which didn't quite do what Oanda done, with my SL way way down in it's original position, well beneath this afternoon's pivot low. I entered at 0.7117, but because I give myself a fair bit of headroom on these trades, the rr wasn't that great when I jumped out (I find having lower rr, but avoiding getting dickfucked on a trade that then goes whizzing off in my direction, is just psychologically more manageable, although not necessarily...Ignored
Disliked{quote} purple line is a trendline but yes there are W in there. the one i was thinking didn't complete (on the right). but i see an bullish M forming on the 15m chart. target price adjusted. as ever we'll see. {image} {image}Ignored
Disliked{quote} Well, where that ever so slightly sloped TL is, I would draw a zone. ~71285 - 71256. Price has reacted off that level 4 times so far in the past few hours trading session. It is a significant level. HOWEVER, because of the higher time frame picture and what is more broadly happening, I wouldn't place too much emphasis or importance on it holding on the next retest. I am rebuying at that level, only to reload my long position from much further down the price action, which I let go off, a decent bit above....simply because there is a reasonable...Ignored
Disliked{quote} any more then 3 hits to a r/s TL is probably going through. i would bet on it. do post a chart as i'm not able to guess your TL.Ignored
Disliked{quote} it's called DECEMBER all the vol goes away so anyone trying to offload or buy swings the market bg time, they do not respect the magic lines.. usually in Jan everyone comes back and we get a big moveIgnored
Disliked{quote} we gots some heavy news tomorrow, so i do expect some action.Ignored
Dislikeddidn't reverse my trade quick enough. but target reached and banked some. {image}Ignored
Disliked{quote} Nice trade. Did you hit on the break of that TL? Did you place your stop just above the 'flag' formation? If both of the above are true, which would make for a very textbook style of trade (aka, usually won't work), do you have other filters at work to help cherry pick the good ones, from the stinkers......I realise the prevaling winds of the market were blowing North to South, but that is on higher timeframes?Ignored