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Windstrown Mar 21, 2018 5:06pm | Post# 17161

new short entered @ 1.2343

MoneyFocus Mar 21, 2018 5:11pm | Post# 17162

good day to all

bugsbunny110 Mar 21, 2018 5:33pm | Post# 17163

hold my shorts good night

kmic14 Mar 21, 2018 5:40pm | Post# 17164

2 Attachment(s)
I assume at this trend wants to go up.
On H4 we have a divergence and maybe a retracement until or in the grey area.( i will start to buy depending of the H1 tomorrow before or in the area).

On D1 we have 2 W shapes what yesterday wasn't clear enough but a little predictible after the big drop.

I also don't expect a drop as a retracement, it can't be just sideways. We will see in the next 2 H4 candles for sure.
Thanks to all and stay green.
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Tweetren Mar 21, 2018 5:59pm | Post# 17165

I will call 1H consolidation in a few more hours, London opens back down. Rates were priced in, but data wise there is no reason to take this higher.

Laditori Mar 21, 2018 6:11pm | Post# 17166

1 Attachment(s)
Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are
almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern?
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kmic14 Mar 21, 2018 6:29pm | Post# 17167

Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
ME no. but my D1 candle will close in 30 min. For me D1 is a little bigger. My platform is in UTC +1

FXClarity Mar 21, 2018 6:40pm | Post# 17168

Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
Yes, I believe it was done by the Japanese rice traders over 100 years ago and itís called an engulfing candle (the body of the green candle engulfs the red one)

dietcoke Mar 21, 2018 6:50pm | Post# 17169

Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
Its basically a two day pinbar

mallee Mar 21, 2018 6:59pm | Post# 17170

Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
The bars are equal,not engulfing,it's a 2 bar reversal pattern.

FirasBK Mar 21, 2018 7:13pm | Post# 17171

you guys still trade Pin Bars and Candles?

FXClarity Mar 21, 2018 7:16pm | Post# 17172

{quote} The bars are equal,not engulfing,it's a 2 bar reversal pattern.
You are wrong and you are right.

The body of the green candle engulfs the body of the red candle. Thus it is engulfing - fact

An engulfing formation (in this example) is often regarded as a a 2 bar reversal if the next candle goes higher

FXClarity Mar 21, 2018 7:17pm | Post# 17173

you guys still trade Pin Bars and Candles?
No, I just trade profitably and consistently

xternity Mar 21, 2018 7:24pm | Post# 17174

I gave back some of what I made in the morning trying to short it. Be careful with it don't get greedy. Personally I think it will go down from here but, Im not brave enough to put my money where my mouth is atm.

FXClarity Mar 21, 2018 8:55pm | Post# 17175

Holding sell orders from 1.2441 and above 1.25.

Now topping up and added back in at 1.2368

crow Mar 21, 2018 9:32pm | Post# 17176

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In 2 hours correlation will begin ... ¨
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PatienceFx Mar 21, 2018 11:23pm | Post# 17177

i need not guess anything here {image}
my chart posted before fomc and the results

i picked up a decent 110 pips from that

PatienceFx Mar 21, 2018 11:31pm | Post# 17178

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should i go long near 2360,

i am happy with my dough and not planning anything soon
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PatienceFx Mar 22, 2018 12:01am | Post# 17179

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fomc lol
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TudorIoan Mar 22, 2018 1:19am | Post# 17180

I will call 1H consolidation in a few more hours, London opens back down. Rates were priced in, but data wise there is no reason to take this higher.
Rates priced in, alright, but excuse me, there is fundamental reason for the EUR/USD to keep going up. That's because Powell is worried about inflation and that makes him a DOVE!
Low/uncertain inflation => not so many hikes for the year=>dovish!

London could correct or consolidate (why not to continue) the bull move, but (fundamentally by Fed) direction is up for the moment.


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