...There is a confluence of events there, 1.1700, round number, the yellow trend line and a bit north is 1.1713, historical point....price have memory....
The Chonchy
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
DislikedI like your 1.171x Sir, it's the top of the current 9-times visited resistance zone I'll have to prep up new levels for my channels, meanwhile to the upside, all I have is this 1.1758 and 1.1850 are minor H1 R/S levels 1.181 is 38.2% fibo retrace from multi-year trend the "red zone" is what I identify as a weekly R/S zone back to 2010/2012, includes 2 gaps. This is, in my view, the highest probability zone for a correction b/c it hasn't been visited from below since it broke in Jan/2015 {image} to the downside I see only retracements, if any {image}...Ignored
Disliked{quote} ...Well I wanted to add at the opening but it didn't give me a chance it went up too fast, maybe if I get stopped out at +1, I will enter again lower, but I think that 1.1700 is a magnet....Ignored
Disliked{quote} ...Now I think below 1.15xx is a good buy.... ...price got under the yellow ema 5 and I think Is going for the green ema 30,, lets see, good place to buy or lower.. {image}Ignored
Disliked{quote} ...Price went to the green ema 30 but couldn't breach it, so it went up ...Close but no cigar, 1.1612 was the lowest and my entries were under 1.1609, shame, feel so bad... .....I should have enter manually, but rinse and repeat {image}Ignored
Disliked{quote} 1.16117 here, right on the W1 ema200 I posted as potencial retrace I saw it and did nothing Frustrating.. posted all those bullish levels but I can't buyIgnored
Disliked{quote} ...Yep frustrating is the word, I will like to see something around 1.1625 to buy it, good luck Sir. Karpa..Ignored
Disliked{quote} 1.1625 looks fine, we could be ranging here for some time but it's August, thin market Monday euro cpi, then PMI and ADP and NFP on friday.. let's see {image}Ignored
Disliked{quote} ..Hello sir. karpa, hope this week will be a great one for you.... this is what I see, price is forming a bottom to go take that 1.1763, but there are a few hurdles on the way, lets see how she do, and I could be wrong but I don't think the bulls are slowing downIgnored