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  • #1,125,721
  • Aug 1, 2017 10:04am Aug 1, 2017 10:04am
I'd be really surprised if we do not break this to the downside in the next two days: 1.1785

Even if it just goes up from there again. Thinking will change to a SHORT by Friday/Monday around then and probably at about 1.1700 but who knows.
  • #1,125,722
  • Aug 1, 2017 10:17am Aug 1, 2017 10:17am
Quoting denisius
My hands were itching so bad to jump into this sell mess, but I stopped myself. And here we go retrace from 90. Got 10 pip for a day on UJ. Now sitting still. Strategy only!
It's always too late to jump on a running train I think.
My golden rule is "sell higher, buy lower"
  • #1,125,723
  • Aug 1, 2017 10:20am Aug 1, 2017 10:20am
I like 48.30-40 for long WTI
  • #1,125,724
  • Aug 1, 2017 10:21am Aug 1, 2017 10:21am
Quoting Solo11
{quote} It's always too late to jump on a running train I think. My golden rule is "sell higher, buy lower"

Not always. You just need to have a very good idea of when and where it's going to be leaving the station and be there at the right time and at the right place to hop on... after it's done re-fueling of course. Otherwise; you might find yourself paying for a lot of incredibly overpriced tickets. Last minute deals to fill the seats are usually the cheapest.

I like to sell icecream out the window as they make their stops. That way I can always afford to hop on another train if I find myself on the wrong one.
"The fun is in the hunt. Not the kill."
  • #1,125,725
  • Aug 1, 2017 10:26am Aug 1, 2017 10:26am
Quoting Redeflect
{quote} Not always. You just need to have a very good idea of when and where it's going to be leaving the station and be there at the right time and at the right place to hop on... after it's done re-fueling of course. Otherwise; you might find yourself paying for a lot of incredibly overpriced tickets.
Bingo!
Some call it "strategy"
No fun. I came to my own strategy over the painful losses and years of charts watching.
  • #1,125,726
  • Aug 1, 2017 10:34am Aug 1, 2017 10:34am
Quoting digger1
well connors , if this little neck line breaks it should get to your shorting area ,,,,,,,,,that is the projected tgt of this little pattern , neck line has to give tho,,cheers man , good luck traders , {image}
The weekly R1 seems to be the level that was the line in the sand today ,, had several longs make it back to the neck line,,,,,,,runners stped out,,, now short from neckline area and the weekly R1 see if it can ,make some headway to the down side maybe one new low for the day anyway ,wouldnt bet on it tho. Been a good day even tho a small range ,,,, cheers all, Sorry F.g, had to take a big crack short in $y at last weeks low that has been the best trade of the day so far , flat after it broke the days low .
Attached Image (click to enlarge)
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  • #1,125,727
  • Aug 1, 2017 10:35am Aug 1, 2017 10:35am
Think it will sit here for about an hour an a half, then take a shot at hitting and/or going below 1.1785 on the next 4 hour bar's open. It will be interesting to see if it will break. I think NOT YET, but who knows.
  • #1,125,728
  • Aug 1, 2017 10:39am Aug 1, 2017 10:39am
Quoting skillz16
Think it will sit here for about an hour an a half, then take a shot at hitting and/or going below 1.1785 on the next 4 hour bar's open. It will be interesting to see if it will break. I think NOT YET, but who knows.
Isn't the next bar after London closes? It's a Tuesday and we didn't make much headway. I don't expect NY to start pushing any reversals/pullbacks so late in the day without any news and NFP on Friday. I expect another test of the upper side of the range to set things up for Tokyo.
"The fun is in the hunt. Not the kill."
  • #1,125,729
  • Aug 1, 2017 10:43am Aug 1, 2017 10:43am
Quoting Taigen
My what have we here as I wake up to a beautiful Arizona sunrise? Looks like it's testing the resistance to see if it has enough umph to push it over the top. I do have a short waiting at 1.1842. {image}
Me to that will be the high for today.

But saw what it did yesterday.

i think we can reach 1.20 before a nice move lower.

NFP Friday watch out.
  • #1,125,730
  • Aug 1, 2017 10:43am Aug 1, 2017 10:43am
Quoting Redeflect
{quote} Isn't the next bar after London closes? It's a Tuesday and we didn't make much headway. I don't expect NY to start pushing any reversals/pullbacks so late in the day without any news and NFP on Friday. I expect another test of the upper side of the range to set things up for Tokyo.
Yeah, I agree. I basically think it will either push up or down off of 1.1785 at the start of that next bar in about 1hr 15 mins. I'd strongly suspect BOUNCE UP, but I'm expecting a SHORT signal by end of week so I'm watching for downside surprises like this. I guess I did not communicate that well.


Mentioning this also since I cannot tell you how many times it looks like it consolidates on the end of a 4 hour bar, then moves a lot on the next like this... suppose it might have something to do with the trading sessions?
  • #1,125,731
  • Aug 1, 2017 10:45am Aug 1, 2017 10:45am
Quoting skillz16
Think it will sit here for about an hour an a half, then take a shot at hitting and/or going below 1.1785 on the next 4 hour bar's open. It will be interesting to see if it will break. I think NOT YET, but who knows.
My 4 hour bar has a hour and 17 minutes to go ,,this last hour and little bit will make the bar ,1783 is yesterdays mid point would say a good possibility of the next one opening below that
  • #1,125,732
  • Aug 1, 2017 10:51am Aug 1, 2017 10:51am
Quoting Redeflect
{quote} Isn't the next bar after London closes? It's a Tuesday and we didn't make much headway. I don't expect NY to start pushing any reversals/pullbacks so late in the day without any news and NFP on Friday. I expect another test of the upper side of the range to set things up for Tokyo.

Correction: Non-Farm Employment Change. Not Payrolls. But, still, it's an optimistic outlook in relation to the previous one and we've already had a weakening greenback since then so I wouldn't be surprised if EUR/USD takes a dip. Especially not with how it's been going as of late. The Euro may be doing well but more importantly no one seems to want anything to do with the greenback. But I don't expect them to just let good data go without a fight.
"The fun is in the hunt. Not the kill."
  • #1,125,733
  • Edited 11:08am Aug 1, 2017 10:51am | Edited 11:08am

Great Scott!

Euro and GBP both stalling @ + 261.8%


Smells like major reversal....


New Science

Elliot's wave 1 is real waves 1,2,3


4,5,6 is the vortex core

All of wave Seven is a ratio relative expansion of waves 1,2,3


you heard it here first, suth science.

Founder of Sutherland Wave Principle
  • #1,125,734
  • Aug 1, 2017 11:00am Aug 1, 2017 11:00am
Quoting suthmo
Great Scott! Euro and GBP both stalling @ + 261.8% of the x1.618% expansion of main wave one. Smells like major reversal....
Smells like awefully precise decimal points. What is that... 99.99% precision? Sounds like the holy grail to me.

USD/JPY seems like it's turning by the way. EUR/USD is late to the show. EUR/JPY is near the top of it's game.

And my baby, my sweetheart, my beloved ZAR/JPY has finally stalled it's long-legged decent.
"The fun is in the hunt. Not the kill."
  • #1,125,735
  • Aug 1, 2017 11:08am Aug 1, 2017 11:08am
Quoting denisius
My hands were itching so bad to jump into this sell mess, but I stopped myself. And here we go retrace from 90. Got 10 pip for a day on UJ. Now sitting still. Strategy only!
Not only you ... I'm too

I'm more interest with EUR/JPY pair than EUR/USD b'cause got Volatile too much
And EUR/JPY moved more Faster

Here the Example the Perfect of Pin Bar Signal for Price Action
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD & EURJPY - H1 Chart 2017-08--01.jpg Size: 475 KB
Always looking the GREAT, never left GOOD Point...
  • #1,125,736
  • Aug 1, 2017 11:14am Aug 1, 2017 11:14am
Quoting jusstin911
{quote} Haha that part got me mate... I have been building a castle of LONGS on UJ but the devil is a liar still not sure if this is it yet, but it's worth the wait and im even ready to wait more
12:15 =110.35 after the 109.92 low. Yeap mate . Patience with this pair. It has cleaned all longs down the tube...

  • #1,125,737
  • Aug 1, 2017 11:18am Aug 1, 2017 11:18am
Quoting Tsar
{quote} Not only you ... I'm too I'm more interest with EUR/JPY pair than EUR/USD b'cause got Volatile too much And EUR/JPY moved more Faster Here the Example the Perfect of Pin Bar Signal for Price Action {image} {image}
I Closed my Trade

Before the Market's HIT me ... because I Opposite (Faith) with the Trend
Attached Image (click to enlarge)
Click to Enlarge Name: Close Buy EURJPY Pair 2017-08-01.jpg Size: 46 KB
Always looking the GREAT, never left GOOD Point...
  • #1,125,738
  • Aug 1, 2017 11:22am Aug 1, 2017 11:22am
Quoting 9jatrader
{quote} It depends on the time frames you trade. Many here often refer to S/R levels without referring to the TF. So funny
yes its funny but its kind of alert for those who r buying in market its a hint i m giving. personally i m not trading on S/R levels TF OF CHART IS DAILY WHETHER U SEE IS IT POSSIBLE PLZ UPDATE UR EXPERT VIEW
rest u ppl r expert
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #1,125,739
  • Aug 1, 2017 11:40am Aug 1, 2017 11:40am
Per Dustan's COT report thread: Looks like the end is neigh for USD bears.

Long term positivity for EUR means we should expect a retracement but clearly not a reversal. At least not for a few years, I mean, there is Trump after all.
Attached Image (click to enlarge)
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"The fun is in the hunt. Not the kill."
  • #1,125,740
  • Aug 1, 2017 11:43am Aug 1, 2017 11:43am
Quoting 3Davy
{quote} Me to that will be the high for today. But saw what it did yesterday. i think we can reach 1.20 before a nice move lower. NFP Friday watch out.
The uptrend started at the beginning of March and this last run, the fourth, is by far the longest uptrend without a retracement. The daily Heiken Ashi candles in blue is now 33. The last run was 22 candles. All that suggests is it's due for a retracement. Plus we have gone 600 pips in the uptrend. Even if the trend continues I cannot see it going to 1.20 without a retracement.

Anyway, that's how I see it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDFXFDaily 8 1 2017.png Size: 71 KB
Taigen Profit This Month: na
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