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  • #1,148,141
  • Jan 23, 2019 10:29am Jan 23, 2019 10:29am
I'm always suspicious of things that appear obvious. Wouldn't be surprised if it just broke and shot downwards. But I'm long currently anyway.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,148,142
  • Jan 23, 2019 10:30am Jan 23, 2019 10:30am
Quoting sponge
Volume looks a bit negitive for me so unless that changes more downside looks likely I'm positive above 1.1361/57 with 88 to cap or confirm up trend Looking for 42/31/16 support on the downside Early days but Fri 25th/Mon 28th Jan look like possible turn points That's how I see it
I have a possible turn dates 25th/28th looks like it may go early 1388 permitting

Looking for support at 1372/77 if we pullback
All charts/ideas based on UK time zone
  • #1,148,143
  • Jan 23, 2019 10:33am Jan 23, 2019 10:33am
Quoting CannonScout
I'm always suspicious of things that appear obvious. Wouldn't be surprised if it just broke and shot downwards. But I'm long currently anyway.
Please explain what's obvious about it? Since price never seems obvious to the untrained eye, I'm curious what you're seeing. I don't expect a reply for obvious reasons.
  • #1,148,144
  • Edited 11:59am Jan 23, 2019 10:38am | Edited 11:59am
so good going bull 1390 broken ,and next 1409 more important to test & break ok but one last leg running , having limit 1387/83 , tl 1389 & 77 , signal 1375 for further down , 1369 another confirmation for tanking next if , shorted & watching.

done some levels I see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 31 KB
Click to Enlarge Name: EURUSDM15.png Size: 33 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,148,145
  • Jan 23, 2019 10:38am Jan 23, 2019 10:38am
New Trader looking for feedback on this trade. I took it based on what looked like a pinbar. It might have been a bit small but I waited for the right eye to form and looked okay to me. It tapped a zone that a few previous candles had wicked into before moving up near but not at a support.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUSD.jpg Size: 339 KB
  • #1,148,146
  • Jan 23, 2019 10:39am Jan 23, 2019 10:39am
If it looks too good to be true, it usually is.
  • #1,148,147
  • Jan 23, 2019 10:44am Jan 23, 2019 10:44am
Quoting GeraltofLA
New Trader looking for feedback on this trade. I took it based on what looked like a pinbar. It might have been a bit small but I waited for the right eye to form and looked okay to me. It tapped a zone that a few previous candles had wicked into before moving up near but not at a support. {image}
It looks like a good trade to me which doesn't mean you won't get stopped out; being stopped out is an occupational hazard.
  • #1,148,148
  • Jan 23, 2019 10:45am Jan 23, 2019 10:45am
Quoting mbrown
{quote} Please explain what's obvious about it? Since price never seems obvious to the untrained eye, I'm curious what you're seeing. I don't expect a reply for obvious reasons.
Why wouldn't I reply? Umm...it's within a range and reflecting off a well established and easily identifiable trend-line. A basic trading book would highlight this pattern within the first few chapters I would think. Maybe I'm just being cocky IDK
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,148,149
  • Jan 23, 2019 10:50am Jan 23, 2019 10:50am
Quoting CannonScout
{quote} Why wouldn't I reply? Umm...it's within a range and reflecting off a well established and easily identifiable trend-line. A basic trading book would highlight this pattern within the first few chapters I would think. Maybe I'm just being cocky IDK
Fair enough.

So I imagine this setup with a tight SL and 3 to 5 RR would be profitable in the long-run. So even if the price reverses and the bulls are stopped out on this one trade, the long-term series of trades should yield a good return provided we don't over think it and get in the way of our profits.
  • #1,148,150
  • Jan 23, 2019 10:51am Jan 23, 2019 10:51am
Quoting mbrown
{quote} It looks like a good trade to me which doesn't mean you won't get stopped out; being stopped out is an occupational hazard.
Yessir. Thanks for the feedback. It is appreciated.
  • #1,148,151
  • Jan 23, 2019 10:53am Jan 23, 2019 10:53am
Quoting CannonScout
I'm always suspicious of things that appear obvious. Wouldn't be surprised if it just broke and shot downwards. But I'm long currently anyway.
Its also tested trendline 2 times I’m betting it breaks still holding my shorts
ex nihilo
  • #1,148,152
  • Jan 23, 2019 10:54am Jan 23, 2019 10:54am
Quoting Oc6oph
{quote} Its also tested trendline 2 times I’m betting it breaks still holding my shorts
Fair call. May the best man win.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,148,153
  • Jan 23, 2019 10:56am Jan 23, 2019 10:56am
Quoting Oc6oph
{quote} Its also tested trendline 2 times I’m betting it breaks still holding my shorts
Good luck, although I'd prefer to go short AFTER the trendline breaks.
  • #1,148,154
  • Jan 23, 2019 10:58am Jan 23, 2019 10:58am
Quoting GeraltofLA
New Trader looking for feedback on this trade. I took it based on what looked like a pinbar. It might have been a bit small but I waited for the right eye to form and looked okay to me. It tapped a zone that a few previous candles had wicked into before moving up near but not at a support. {image}
Looks alright to me. But risky, gut says it will break lower. But a systems a system. Paraphrasing mbrown, if it works in the long run go for it.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,148,155
  • Jan 23, 2019 11:16am Jan 23, 2019 11:16am
when stocks sell, EUR likely goes up and that is what we are seeing today with the big jump

it can quickly reverse back down and that is likely to happen if risk is on and bad EU news is released tomorrow
Don't Worry Be Happy
  • #1,148,156
  • Jan 23, 2019 11:31am Jan 23, 2019 11:31am
Quoting MrPresident
when stocks sell, EUR likely goes up and that is what we are seeing today with the big jump it can quickly reverse back down and that is likely to happen if risk is on and bad EU news is released tomorrow
You'll be disappointed come Friday close.

Green pips all. See ya on Friday!
  • #1,148,157
  • Jan 23, 2019 11:43am Jan 23, 2019 11:43am
Quoting mbrown
{quote} Good luck, although I'd prefer to go short AFTER the trendline breaks.
Do you see more room for it to run if it breaks the lower trend line?
  • #1,148,158
  • Jan 23, 2019 12:01pm Jan 23, 2019 12:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 162 KB
Patterns have an underlying mathematical structure.
  • #1,148,159
  • Jan 23, 2019 12:17pm Jan 23, 2019 12:17pm
Checking usdx future chart supports arrounds /daily close at present level there to bull/pullback
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,148,160
  • Jan 23, 2019 12:40pm Jan 23, 2019 12:40pm
The only buy scenario i see is the one below but most likely, we are simply going to go below 1.1215 because everyone wants to find out exactly how many buyers are under there.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 idea.png Size: 52 KB
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