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EURUSD only

  • #2,581
  • Edited 4:40am Oct 26, 2017 4:08am | Edited 4:40am
This is what I think is happening now, we have completed the intermediate corrective B wave for completion of the triangle and will begin wave C downward to complete our second primary wave.
The highest probabilty to FE 61.8 which is the same heigt as the triangle.

After that a third primary wave up.

Daily (Primary)

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H4 (Intermediate - Minor)

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What's that smell? ---- I smell money!
  • #2,582
  • Edited 4:21am Oct 26, 2017 4:10am | Edited 4:21am
Once we arrived in buy zone of M30 setup we step 2 timeframes down to M5.. and here we don't buy blindly.. we now wait for some sort of breakout.. maybe R1 maybe R2.. whatever you prefer.. (In the back of our minds we know that 30M is in buy zone.. that's where our confidence will come from)

And if we are wrong we are wrong.. but this is one good way to "buy low"..

The logic is this: Why would I buy just because my 30M setup says so when M5 candles (on 2 lower timeframe) can't even rise back above 6sma or the nearest resistance? lol...

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #2,583
  • Oct 26, 2017 4:18am Oct 26, 2017 4:18am
Quoting SteFX85
I did some EW analyis on EUR/USD. What I think is happening now is we have completed the corrective B wave for completion of the triangle and will begin wave C downward. The highest probabilty to FE 61.8 which is about the same heigt as the triangle to complete our second primary wave. {image} {image}
Good thinking.. thanks.. but what if what you call A was actually the whole ABC wave pattern down? Just thinking out loud..

Stay Green
Focus only on what truly matters!
  • #2,584
  • Oct 26, 2017 4:22am Oct 26, 2017 4:22am
Draghi Which usually down talks the euro Cuz inflation goals, but with the Catalan issue he might uptalk , Today i feel like homer and the macro news is wrecking my brain.

Attached Image
Past glory means nothing on the battlefield
  • #2,585
  • Oct 26, 2017 4:24am Oct 26, 2017 4:24am
Quoting okshop
trying out a short scalp (sl to be) {image}
close half ...
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Self discipline It is a practice
  • #2,586
  • Oct 26, 2017 4:24am Oct 26, 2017 4:24am
Quoting BeyondD
Draghi Which usually down talks the euro Cuz inflation goals, but with the Catalan issue he might uptalk , Today i feel like homer and the macro news is wrecking my brain. {image}
that will be a bit tricky he does not want a strong euro. it will afect the exports
MAKE IT RAIN
  • #2,587
  • Oct 26, 2017 4:27am Oct 26, 2017 4:27am
Looks like babye 1.18 and welcome 1.16. Hahaha..

You never know
  • #2,588
  • Oct 26, 2017 4:28am Oct 26, 2017 4:28am
Opened buy at 1.1806...

SL: 1780
TP: 1.1835 first.. will see reaction there..

Stay Green
Focus only on what truly matters!
  • #2,589
  • Oct 26, 2017 4:30am Oct 26, 2017 4:30am
Quoting Ata-Turkoglu
Opened buy at 1.1806... SL: 1780 TP: 1.1835 first.. will see reaction there.. Stay Green
great call
  • #2,590
  • Oct 26, 2017 4:34am Oct 26, 2017 4:34am
H4 fib and trend lines showing good. i bet draghi will mess it up
second picture, D1 fib, also looking good, turning from strong levels
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MAKE IT RAIN
  • #2,591
  • Oct 26, 2017 4:46am Oct 26, 2017 4:46am
LOADS of volatility coming Trade safe
Attached Image (click to enlarge)
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Self discipline It is a practice
  • #2,592
  • Oct 26, 2017 4:46am Oct 26, 2017 4:46am
Quoting Ata-Turkoglu
{quote} Good thinking.. thanks.. but what if what you call A was actually the whole ABC wave pattern down? Just thinking out loud.. Stay Green
I have thought about that too, but it's the triangle that made me decide this way, if primary wave 2 is completed we also complete primary wave 3 which is made out of 5 intermediate waves but doesn't form a higher high.

And triangles form usually during corrective wave B.
What's that smell? ---- I smell money!
  • #2,593
  • Oct 26, 2017 4:49am Oct 26, 2017 4:49am
Quoting Ata-Turkoglu
Opened buy at 1.1806... SL: 1780 TP: 1.1835 first.. will see reaction there.. Stay Green
Why are you taking a long EUR/USD position with a 26 pip SL right before a major news event?
instagram: stepbystepforex
  • #2,594
  • Oct 26, 2017 4:52am Oct 26, 2017 4:52am
Quoting rafael5643
{quote} Why are you taking a long EUR/USD position with a 26 pip SL right before a major news event?
I will take my profit and quit if I see danger.. no worries yet..

Stay Green
Focus only on what truly matters!
  • #2,595
  • Oct 26, 2017 5:21am Oct 26, 2017 5:21am
Quoting Ata-Turkoglu
Opened buy at 1.1806... SL: 1780 TP: 1.1835 first.. will see reaction there.. Stay Green
Hi Ata... this trade based on M5 chart analysis ?
Lets make some green pips
  • #2,596
  • Oct 26, 2017 5:23am Oct 26, 2017 5:23am
Quoting 4rx
{quote} Hi Ata... this trade based on M5 chart analysis ?
Sure.. exactly because of my 30M <---> 5M analysis.. yes..

Stay Green
Focus only on what truly matters!
  • #2,597
  • Oct 26, 2017 5:35am Oct 26, 2017 5:35am
Man, I don't know what happened, but I couldn't login, my trade explorer was taken down. Just a day after I turned "commercial member" for no reason.

Well guys, I'll be resting for a few days to sort out admin matters for my clients, see you guys in Nov!
  • #2,598
  • Oct 26, 2017 5:41am Oct 26, 2017 5:41am
'Catalonia's vice-president has said that the Spanish government has given them "no choice" but declare independence.

Consider this a 'crack' in the damn. I got no idea, yet I'm queasy about longing EUR. Perhaps today we will know more from ECB (about it's direction) until then, best of luck.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #2,599
  • Oct 26, 2017 5:47am Oct 26, 2017 5:47am
All the stars seem to be aligning for a crazy EUR/AUD short falling trade but idk gonna be careful.
instagram: stepbystepforex
  • #2,600
  • Oct 26, 2017 5:53am Oct 26, 2017 5:53am
Quoting rafael5643
All the stars seem to be aligning for a crazy EUR/AUD short falling trade but idk gonna be careful.
Whoops (ata might not like that ) But yes, shorting EUR, I can tell some very big players are doing the same. (Don't believe a word I say BTW)

It's going to sharp either way. Lots of tension, lots of money on the sidelines. Sound the trumpets and prepare for war people. The direction of the wind will soon be evident.

(Cue Dramatic Music.)
Humans are naturally hardwired to avoid and detest uncertainty.
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