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  • Post #155,461
  • Quote
  • Aug 29, 2022 6:12am Aug 29, 2022 6:12am
  •  johncen
  • Joined Apr 2011 | Status: Liverpool's KOP | 4,013 Posts | Online Now
Quoting Js3mwtRc
Disliked
{quote} Will 0.9952 hold, then higher prices are in the cards, a failure and next support is at 0.9921.
Ignored
I have something similiar in my chart. 9974 needs to hold for further bear move.
Patience, Emotion Control and Discipline.
 
 
  • Post #155,462
  • Quote
  • Aug 29, 2022 6:31am Aug 29, 2022 6:31am
  •  peyman
  • | Joined Nov 2008 | Status: Member | 972 Posts
ECB Sets Stage for Another Big Hike With Jumbo Move Possible !!!

buy or sell is very very risky
no trade today is best plan I think
 
1
  • Post #155,463
  • Quote
  • Edited 7:23am Aug 29, 2022 6:44am | Edited 7:23am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 18,692 Posts
Good bounce /pullback and watching for top failure, initial signal 9981
Done, next signals 9963 and 50, confirmation 9913.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot_20220829-144057.png
Size: 62 KB
Not understand?never follow my analyses!
 
 
  • Post #155,464
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  • Aug 29, 2022 7:00am Aug 29, 2022 7:00am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,996 Posts
Quoting johncen
Disliked
{quote} I have something similiar in my chart. 9974 needs to hold for further bear move.
Ignored
Completed the daily pips range for me - 67 +13 pips and looks like it wants to close above weekly pivot at 0.9985 at my screen, if, it does it may try to beat 1.0020. 0.9974 is a good point to sell if, it closes back behind!
Feels right this time!
 
 
  • Post #155,465
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  • Aug 29, 2022 7:14am Aug 29, 2022 7:14am
  •  johncen
  • Joined Apr 2011 | Status: Liverpool's KOP | 4,013 Posts | Online Now
Quoting Js3mwtRc
Disliked
{quote} Completed the daily pips range for me - 67 +13 pips and looks like it wants to close above weekly pivot at 0.9985 at my screen, if, it does it may try to beat 1.0020. 0.9974 is a good point to sell if, it closes back behind!
Ignored
sounds like a plan here!
Patience, Emotion Control and Discipline.
 
 
  • Post #155,466
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  • Aug 29, 2022 7:27am Aug 29, 2022 7:27am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,996 Posts
Quoting johncen
Disliked
{quote} sounds like a plan here!
Ignored
It can be profitable, 0.9952 worries me, but if, it give up then the road is open
Feels right this time!
 
 
  • Post #155,467
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  • Edited 8:01am Aug 29, 2022 7:44am | Edited 8:01am
  •  Austyno
  • Joined Oct 2018 | Status: Discipline creates Lifestyle | 1,928 Posts
Quoting Austyno
Disliked
I have sold at 0.99400. Target is 0.9700 let's see if we can get there today or tomorrow
Ignored
I am out of this trade with small loss. I don't trust it anymore. I bought with a target of 1.01900
Risk comes from not knowing what to do
 
2
  • Post #155,468
  • Quote
  • Aug 29, 2022 7:56am Aug 29, 2022 7:56am
  •  Erkat
  • Joined Jan 2022 | Status: Member | 431 Posts | Online Now
Quoting Austyno
Disliked
{quote} I out of this trade with small loss. I don't trust it anymore. I bought with a target of 1.01900
Ignored
That's right, I agree
 
2
  • Post #155,469
  • Quote
  • Aug 29, 2022 7:57am Aug 29, 2022 7:57am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,996 Posts
Quoting Js3mwtRc
Disliked
{quote} It can be profitable, 0.9952 worries me, but if, it give up then the road is open
Ignored
Failed. Now 0.9970 is the decision point. 1.0000 also is where many options expire today!
Feels right this time!
 
 
  • Post #155,470
  • Quote
  • Aug 29, 2022 8:14am Aug 29, 2022 8:14am
  •  RCtrader
  • Joined Aug 2018 | Status: Joyful and Proud | 1,816 Posts
Quoting RCtrader
Disliked
Go my wonderful bears! And bring me the pips!
Ignored
I guess the PA or MM had something else in mind.
Risk Management is of utmost importance!
 
 
  • Post #155,471
  • Quote
  • Aug 29, 2022 8:22am Aug 29, 2022 8:22am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,507 Posts
Meanwhile, on H4...

Sellers kept coming in as soon as price was 10 to 15 pips above my balance line, and it provided a profitable area for shorting, BUT the recent bullish attack from Friday created larger drawdowns for those sellers... therefore we must stay alert!

Today we are retesting this zone near the channel balance line: 1.0014 ----> adding 10 to 15 pips would give us: 1.0024/29 area as critical resistance!

Assuming that my balance line can't resist anymore, bulls still have to break 1.0056 for more upside! BUT even after that, we would still have to watch resistant powers at the channel upper edge: 1.0110... All this tells me that bulls have to work hard to achieve a reversal.

On the bearish side, my logic is simpler: 0.9916 area is currently main support for the next 5 hours or so! A breakout below this level is a must for bearish continuation.

To summarize, these are the bottlenecks waiting for bulls: 1.0014 --- 1.0024/29 --- 1.0056 --- 1.0110
Attached Image (click to enlarge)
Click to Enlarge

Name: EURUSD-H4.png
Size: 16 KB
Be a seer, not a looker!
 
5
  • Post #155,472
  • Quote
  • Aug 29, 2022 8:28am Aug 29, 2022 8:28am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,996 Posts
Quoting Js3mwtRc
Disliked
{quote} Failed. Now 0.9970 is the decision point. 1.0000 also is where many options expire today!
Ignored
Bears get beaten today 0.9984 is the decision point now.
Feels right this time!
 
 
  • Post #155,473
  • Quote
  • Aug 29, 2022 8:28am Aug 29, 2022 8:28am
  •  ForexGoose
  • Joined Dec 2021 | Status: hungry for pizza & burgers | 2,307 Posts
sell limit order placed at 1.002, stop loss above 1.01, targets are 0.992, 0.985
don't believe in mumbo jumbo from gurus & charlatans
 
1
  • Post #155,474
  • Quote
  • Aug 29, 2022 8:28am Aug 29, 2022 8:28am
  •  JBRolim
  • Joined Sep 2018 | Status: Trader Man | 966 Posts
1.00650 will be my output today. I will wait to see if there is any signal for further buy entry.
"No pain no gain"
Trading Seeder All Time Return: 108.5%
 
2
  • Post #155,475
  • Quote
  • Aug 29, 2022 8:34am Aug 29, 2022 8:34am
  •  buddha-
  • | Joined Feb 2019 | Status: Member | 1,301 Posts
 
 
  • Post #155,476
  • Quote
  • Aug 29, 2022 8:55am Aug 29, 2022 8:55am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,507 Posts
If I had to pick one level that matters for today, it would be: 1.0031....
Be a seer, not a looker!
 
3
  • Post #155,477
  • Quote
  • Aug 29, 2022 9:02am Aug 29, 2022 9:02am
  •  Hamzalolo
  • | Joined May 2021 | Status: Member | 116 Posts
Dear Ata.. When do we say that there is a Double Bottom model on a four-hour frame?
 
2
  • Post #155,478
  • Quote
  • Aug 29, 2022 9:15am Aug 29, 2022 9:15am
  •  duderoo1
  • | Joined Jul 2011 | Status: Member | 296 Posts
Quoting Ata-Turkoglu
Disliked
If I had to pick one level that matters for today, it would be: 1.0031....
Ignored
spot on call!
 
1
  • Post #155,479
  • Quote
  • Aug 29, 2022 9:18am Aug 29, 2022 9:18am
  •  Austyno
  • Joined Oct 2018 | Status: Discipline creates Lifestyle | 1,928 Posts
Quoting Austyno
Disliked
{quote} I am out of this trade with small loss. I don't trust it anymore. I bought with a target of 1.01900
Ignored
Am out... Loss recovered, switched to selling again(same parameters as before. Target is 0.9700). Price is playing with me today
Risk comes from not knowing what to do
 
1
  • Post #155,480
  • Quote
  • Aug 29, 2022 9:56am Aug 29, 2022 9:56am
  •  Traderview
  • Joined Sep 2017 | Status: Member | 3,892 Posts | Online Now
Quoting Traderview
Disliked
{quote} Nothing to hide here. 1.0040 - 1.0060 is Resisatnce.
Ignored
 
 
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