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  • #1,561
  • Oct 14, 2017 10:43am Oct 14, 2017 10:43am
connors terrible ,not only should be banned this thread but FF ,my mistake was not reporting him when he spoke to me like that
I wouldn't mind he's completely im a hedge fund manager of a medium size 200 year old business wrong
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,562
  • Oct 14, 2017 12:13pm Oct 14, 2017 12:13pm
Quoting newbegger
{image} This s an odd candle formation, maybe someone else has input. Last week was a bearish candle that is almost flat top and wick at the bottom (from the NFP whipsaw) This week was a bullish candle with flat bottom and the wick on the top. Interesting combination and from what I see looking back, this is indication that we will be heading downward and next week should be a bear candle. Anyone got different idea on this setup?
Interesting observation.. I want to look into your theory a little bit closer by analyzing daily and weekly levels together.. I let you know about my findings soon..

Quoting Bones
only one of the weeks is shaven next week maybe a reversal of type again but not taking a shaven ,a shaven is stronger than a wick like that previous {quote} {image}
Thanks bro.. will include your view into my analysis too.. I agree with you saying that the candle with shaven bottom has more power.. Overall, making a trading plan just by these two candles feels like a shot into the blue but who knows, maybe there is some pattern behind it.. time will show..

Stay Green
Focus only on what truly matters!
  • #1,563
  • Oct 14, 2017 12:37pm Oct 14, 2017 12:37pm
Quoting Bones
connors terrible ,not only should be banned this thread but FF ,my mistake was not reporting him when he spoke to me like that I wouldn't mind he's completely im a hedge fund manager of a medium size 200 year old business wrong
Welcome Bones.. I appreciate your view on this matter.. Rest assured: no worries, those who don't fit into this group will deplete their chances quickly anyway..

Again, thanks for dropping by..

Stay Green
Focus only on what truly matters!
  • #1,564
  • Oct 14, 2017 12:53pm Oct 14, 2017 12:53pm
Quoting Bones
connors terrible ,not only should be banned this thread but FF ,my mistake was not reporting him when he spoke to me like that I wouldn't mind he's completely im a hedge fund manager of a medium size 200 year old business wrong
Absolutely. that is FF member in FF for 2 years, 1854 posts and never ever posted trading chart.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #1,565
  • Oct 14, 2017 1:21pm Oct 14, 2017 1:21pm
Daily Outlook and Sweet Spots for Monday

I already finished my analysis for Monday. Here is what I see:

  1. Bulls broke through the nearest resistance trendline (blue) and climbed even above my 56 SMA (green), but were quickly stopped by the resistance level sitting at 1.1869 (red trendline together with red dashed horizontal line).
  2. If you look at the chart you will see that the new red candles now squeezed into an expanding triangle formation: The range especially for Monday will be limited between 1.1869 and 1.1805...... but.... each day the range will get wider if price can't move out of this expanding zone (bright blue).
  3. If price breaks out from the upper edge, the next resistance area is at 1.1945--> good place to look for shorts!
  4. If price breaks out from the lower edge, the next support area sits at 1.1709.. and even with more bearish power two more support levels are following: 1.1675 and finally 1.1640 ---> makes me think that buying inside this area could be safer compared to selling at the upper edge because we have multiple layers of support.
  5. 1.1869 is my pivot level but for now it seems like price can't go back above it.
  6. I will stick to the H1 timeframe to trade the range. Hopefully price quickly breaks out from one of the sides, until then swing trading looks good.

Stay Green

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Focus only on what truly matters!
  • #1,566
  • Oct 14, 2017 1:28pm Oct 14, 2017 1:28pm
Quoting Ata-Turkoglu
Daily Outlook and Sweet Spots for Monday I already finished my analysis for Monday. Here is what I see: Bulls broke through the nearest resistance trendline (blue) and climbed even above my 56 SMA (green), but were quickly stopped by the resistance level sitting at 1.1869 (red trendline together with red dashed horizontal line). If you look at the chart you will see that the new red candles now squeezed into an expanding triangle formation: The range especially for Monday will be limited between 1.1869 and 1.1805...... but.... each day the range...
I haven't read it, but I bookmarked this for reading, certainly. Thank you for your analysis as usual, my friend.
  • #1,567
  • Oct 14, 2017 1:37pm Oct 14, 2017 1:37pm
the best thing is to provide the example's you found but good thinking looking back history repeats itself without-doubt
but as I say that's not going to happen you need to see the reversal type next

Quoting newbegger
{image} This s an odd candle formation, maybe someone else has input. Last week was a bearish candle that is almost flat top and wick at the bottom (from the NFP whipsaw) This week was a bullish candle with flat bottom and the wick on the top. Interesting combination and from what I see looking back, this is indication that we will be heading downward and next week should be a bear candle. Anyone got different idea on this setup?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,568
  • Oct 14, 2017 1:48pm Oct 14, 2017 1:48pm
Great A ,
you already know im a fan of yours
but of the two Connors is most wrong by a long distance , and continued with it
I understand your position to certain extent still If it were me Id be ruthless
I hope he comes nowhere near me with that language again I won't leave it at that and push FF to do their job


Quoting Ata-Turkoglu
{quote} Welcome Bones.. I appreciate your view on this matter.. Rest assured: no worries, those who don't fit into this group will deplete their chances quickly anyway.. Again, thanks for dropping by.. Stay Green
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,569
  • Oct 14, 2017 2:42pm Oct 14, 2017 2:42pm
Quoting Bones
Great A , you already know im a fan of yours but of the two Connors is most wrong by a long distance , and continued with it I understand your position to certain extent still If it were me Id be ruthless I hope he comes nowhere near me with that language again I won't leave it at that and push FF to do their job {quote}
I hear you crystal clear buddy.. again no worries.. Talking realistically, maybe I can't guarantee zero trouble 24/7, because trolls can still create some mess during my sleep or busy hours, but I can assure all of you that I will do my best to keep this place as the one and only "troll-safe" or "drama-safe" thread that is highly focused on EURUSD trading ideas.. And one more thing: Never feed the trolls, instead pm me and I will take care of them with my silencer lol...

Happy Weekends
Focus only on what truly matters!
  • #1,570
  • Oct 14, 2017 2:46pm Oct 14, 2017 2:46pm
Quoting Trader-Waldo
{quote} Absolutely. that is FF member in FF for 2 years, 1854 posts and never ever posted trading chart.
This is what I don't like! Judgment! If you read his post for about a month ago he explained why he doesn't post charts. You know nothing about guy and judging him already because " someone say so". I strongly recommend to you to concentrate on trading and not on analysis of FF members. He didn't nothing to you and you already called him " terrible ". Again, what is going on between members should not be anyone's concern! Especially discussed at EURO DOLLAR ONLY Thread!!!! If BONES doesn't like CONNORS it's his problem! Remember it's just name on your screen, he is not your relative, not even neighbor. Thread creator will decide what to do with bad behavior ! This is last time I am saying that. I will start writing letters to Twee if you guys don't stop it.
  • #1,571
  • Oct 14, 2017 3:22pm Oct 14, 2017 3:22pm
Economically, there is no reason for this rate to continue higher. It shouldn't be this high to begin with.

Perhaps anyone here has observed the H&S pattern? I don't believe in it myself, yet I can understand it.

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,572
  • Oct 14, 2017 3:37pm Oct 14, 2017 3:37pm
Quoting CannonScout
Economically, there is no reason for this rate to continue higher. It shouldn't be this high to begin with. Perhaps anyone here has observed the H&S pattern? I don't believe in it myself, yet I can understand it. A
HnS very strong pattern and mostly recognized. We all saw it last week and it seems playing out right now. What bothers me it is tooo perfect. I would be cautious ( at least I am ) can be surprising jump up.
  • #1,573
  • Oct 14, 2017 3:46pm Oct 14, 2017 3:46pm
Quoting Ata-Turkoglu
Daily Outlook and Sweet Spots for Monday I already finished my analysis for Monday. Here is what I see: Bulls broke through the nearest resistance trendline (blue) and climbed even above my 56 SMA (green), but were quickly stopped by the resistance level sitting at 1.1869 (red trendline together with red dashed horizontal line). If you look at the chart you will see that the new red candles now squeezed into an expanding triangle formation: The range especially for Monday will be limited between 1.1869 and 1.1805...... but.... each day the range...
I see your 1869, mine was 62 . As always few pips away. I am more concentrated on anything below 18 at this moment. And 1869 lay closer than 17 ish. Good chance of spike up . Next week is important for me. It will be month closing of my new and most successful strategy. I will be very selective on my trades. But most of E pairs is down. It all stated Thursday Friday. That's what gave me confidence of being right on selling E . Analytics saying that " news effect " last for up to 4 days. May be Monday Tuesday will remain downward continuation but after that I will be very cautious. Good luck my friend. Thanks again for great job.
  • #1,574
  • Oct 14, 2017 4:36pm Oct 14, 2017 4:36pm
Quoting newbegger
{image} This s an odd candle formation, maybe someone else has input. Last week was a bearish candle that is almost flat top and wick at the bottom (from the NFP whipsaw) This week was a bullish candle with flat bottom and the wick on the top. Interesting combination and from what I see looking back, this is indication that we will be heading downward and next week should be a bear candle. Anyone got different idea on this setup?
And this ir means the market will open with a gap UP and after will drop all the week to close under the last opening of the week.
In my view.
For me is a good moment to sell.
  • #1,575
  • Oct 14, 2017 4:56pm Oct 14, 2017 4:56pm
Quoting Ata-Turkoglu
Quick Trading Plan for Next Week I will look for sell opportunities if price goes up to 1.1875 - 1.1890 area.. SL would go a little bit above 1.1905 I will look for buy opportunities if price drops down to 1.1780 - 1.1790 area.. SL would go a little below 1.1765 Pheew! I am finally done for the week.. chillax time... Happy Weekends All
Your chosen levels of "strong" support and resistance are close to my choices using the H4 chart @ [1.1804 - 1.1883] ...
But instead of playing rebound, I prefer to play breakout using 1R strategy, where if it breaks, TP will be @ (1.1725 / 1.1962) ...
As the risk involved is about 79pips, should I play the 1st breakout or wait for a 2nd-chance? ...
Homework for the weekend ...
Market is not random but unpredictable
  • #1,576
  • Oct 14, 2017 4:57pm Oct 14, 2017 4:57pm
Quoting denisius
{quote} HnS very strong pattern and mostly recognized. We all saw it last week and it seems playing out right now. What bothers me it is tooo perfect. I would be cautious ( at least I am ) can be surprising jump up.
Yeah. The fact that it is so widely observed means there must be some element of discounting.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,577
  • Oct 14, 2017 5:22pm Oct 14, 2017 5:22pm
Looking at the D1 chart in line-mode, we can see that the 28Aug-19Sep H&S pattern had been formed on 25Sep ...
But the possible H&S which was started from 03Aug is still brewing until the market can be closed below 05Oct ...
If the market can be closed above 08Sep, the waited H&S should be scrapped ...
Market is not random but unpredictable
  • #1,578
  • Oct 14, 2017 5:29pm Oct 14, 2017 5:29pm
Quoting CannonScout
{quote} Yeah. The fact that it is so widely observed means there must be some element of discounting.
To me it looks like opportunity for SL hunting. It's almost too obvious. That's why I am very cautious about this particular pattern. Or maybe It's just me.
  • #1,579
  • Oct 14, 2017 5:33pm Oct 14, 2017 5:33pm
Quoting Ata-Turkoglu
Daily Outlook and Sweet Spots for Monday I already finished my analysis for Monday. Here is what I see: Bulls broke through the nearest resistance trendline (blue) and climbed even above my 56 SMA (green), but were quickly stopped by the resistance level sitting at 1.1869 (red trendline together with red dashed horizontal line). If you look at the chart you will see that the new red candles now squeezed into an expanding triangle formation: The range especially for Monday will be limited between 1.1869 and 1.1805...... but.... each day the range...
Ata,

Are you expecting a range between the blue highlighted section on your chart?
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,580
  • Oct 14, 2017 5:34pm Oct 14, 2017 5:34pm
Quoting denisius
{quote} To me it looks like opportunity for SL hunting. It's almost too obvious. That's why I am very cautious about this particular pattern. Or maybe It's just me.
Agreed. Have to be careful, perhaps focus on fundamentals this week.
Humans are naturally hardwired to avoid and detest uncertainty.
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