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4experience Jan 5, 2018 11:18am | Post# 8061

My setup seems to indicate a big plung.
I might be wrong.
I can put a graph if you want

lebrinque Jan 5, 2018 11:19am | Post# 8062

Just remember the sandwich.. 1.2010/20 area might be the hot dog of this week for a fresh buy setup.. Stay Green
Thanks for that quick "lesson" (Y) good to know

Question - is there any particular reason youre not saying as low as the 2001-2005 which are the actual "lowest lows" (and thus the wicks of the sandwich lows)?

MXT Jan 5, 2018 11:19am | Post# 8063

{quote} closed mine also. i rather have no open trade for the weekend.
yep probably the best thing to do

carlosap1125 Jan 5, 2018 11:22am | Post# 8064

My support at 1.2000 is the confirmation to me that the trend has slowed and could reverse. Until then I am still long

Leesi Jan 5, 2018 11:23am | Post# 8065

The upward potential remains strong on weekly basis.
I agree!

JerryFisher Jan 5, 2018 11:26am | Post# 8066

Shorting at 1.2037, stop 1.2045. Targeting 1.1960 or close everything before market close...

MXT Jan 5, 2018 11:26am | Post# 8067

{quote} Hello MXT Could you explain why you have closed your short ? Thank you in advance
just tried to see whether it could break support - it didn't work out

Neil0163 Jan 5, 2018 11:27am | Post# 8068

Price action

Compare swings look at price
Still no de-acceleration coming into this support level everyone is looking at.

What does that mean?
More downwards movment still to come

In line with what i expected to happen from yesterdays price action post.

Ata-Turkoglu Jan 5, 2018 11:28am | Post# 8069

{quote} Thanks for that quick "lesson" (Y) good to know Question - is there any particular reason youre not saying as low as the 2001-2005 which are the actual "lowest lows" (and thus the wicks of the sandwich lows)?
Yes because in the daily case fib 78.6 retracement comes first which is 1.2019 area and would interfere with candle lows.. If it would go deeper to 1.2001 area it would probably drop even lower and buying based on sandwich pattern would be risky.. so always integrate any of your patterns or S/R areas with fib levels or vice versa..

Stay Green

4experience Jan 5, 2018 11:29am | Post# 8070

My setup seems to indicate a big plung. I might be wrong. I can put a graph if you want
I would like moderate the plung.
My target is 1.1930

carlosap1125 Jan 5, 2018 11:39am | Post# 8071

2 Attachment(s)
This isnt a traditional ABCD pattern but there could be a chance it retraces into the red area. I would switch to shorting if one of two things happen. The support at 1.2008 is broken or the trendline I have is broken. Unfortunately I was realllly eager to get a jump on the long here and I could have waitedClick to Enlarge

Name: Screen Shot 2018-01-05 at 11.34.32 AM.png
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On the 15 min I drew some trend lines and if I was more patient I could have been part of the short moveClick to Enlarge

Name: Screen Shot 2018-01-05 at 11.38.11 AM.png
Size: 102 KB

Edit: To be clear I am still long on this pair. Until a larger red candle prints or my trendlines are broken

4experience Jan 5, 2018 11:46am | Post# 8072

1 Attachment(s)
My setup seems to indicate a big plung. I might be wrong. I can put a graph if you want
By popular demand, my graph which commits only myself


Have a lovely week
Stay Alive
Click to Enlarge

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Size: 49 KB

keepit Jan 5, 2018 11:54am | Post# 8073

thank you dear traders for a good week! see you Monday and good luck

carlosap1125 Jan 5, 2018 11:58am | Post# 8074

{quote} By popular demand, my graph which commits only myself Have a lovely week Stay Alive {image}
That looks cool..... what do the blue triangles mean and what time frame is this? Earlier this week someone explained NTR to me, this looks interesting as well Im always up for learning new analytics

4experience Jan 5, 2018 12:14pm | Post# 8075

{quote} That looks cool..... what do the blue triangles mean and what time frame is this? Earlier this week someone explained NTR to me, this looks interesting as well Im always up for learning new analytics

It is a renko chart so no time frame.
The price are like a musical notes, in blue we see better the melody and the forecast.
Some hour in front of my laptop to try to understand a little better the Eur/dol world.
1.2042 is a resistance
. I hope it is strong enough.
Je vous souhaite tous le meilleur/ All the best at all !

Ata-Turkoglu Jan 5, 2018 12:50pm | Post# 8076

1 Attachment(s)
Daily Outlook and Sweetspot Levels for Monday

  1. NFP didn't do much and market is still hesitant. (Typical inside bar situation)
  2. Nearest support: 1.2032
  3. Nearest resistance: 1.2076
  4. Everything else is obvious I think.
  5. Not to forget that 1.2120 area is AB=CD completion point. So Monday could be the day where that level is reached. Time will show.

Enjoy your weekends folks. Vola has dropped significantly so I call it a day and week.

Stay Green
Click to Enlarge

Name: EU-Daily-Sweetspots-Analysis.png
Size: 46 KB


JerryFisher Jan 5, 2018 12:55pm | Post# 8077

Shorting at 1.2037, stop 1.2045. Targeting 1.1960 or close everything before market close...
Stoped out
shorting again 1.2047, sl 20 pips. Targeting 1.1953 this time

F.g Jan 5, 2018 12:58pm | Post# 8078

read in forex factorey slient clock work method and the guy written about higher high and lower high in time frame m 5 and m 15 to get the market mood
mate,
may we have a link ..."?

Thank you


digger1 Jan 5, 2018 1:01pm | Post# 8079

1 Attachment(s)
Daily Outlook and Sweetspot Levels for Monday NFP didn't do much and market is still hesitant. (Typical inside bar situation) Nearest support: 1.2032 Nearest resistance: 1.2076 Everything else is obvious I think. Not to forget that 1.2120 area is AB=CD completion point. So Monday could be the day where that level is reached. Time will show. Enjoy your weekends folks. Vola has dropped significantly so I call it a day and week. Stay Green {image}
Would say its well on its way ,,,,,,,,,gets above 2050 the 50% of the news spike would say it should at least get close to the highs again ,,great week end to ya man Click to Enlarge

Name: 6 eur.jpg
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digger1 Jan 5, 2018 1:11pm | Post# 8080

{quote} Stoped out shorting again 1.2047, sl 20 pips. Targeting 1.1953 this time
Its your money man but the big boys got their money on the shts from the days high ,it will more than likely keep dribbling up ,,,, the only volume will be the spike that gets the day trader stops above 2050,. welcome to Friday trading ,save some ammo for a good setup


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