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  • #3,241
  • Oct 31, 2017 11:01pm Oct 31, 2017 11:01pm
Quoting PatienceFx
* posted with permission from bones {image}
i can be wrong with this short if support holds, or it can give a decent breakout
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 31 KB
  • #3,242
  • Nov 1, 2017 12:09am Nov 1, 2017 12:09am
Quoting Ata-Turkoglu
Weekly Outlook The first thing you will obviously notice is the big fat blue channel edge sitting roughly at 1.1560 and not letting bears through. To me that is the biggest caveat (warning) for bears. The awful truth is if price can't go back into blue channel, in following weeks, market will probably push price more and more into a wedge area (marked as red) that will be trapped between upper border of the red channel and upper border of the blue channel. The Midline of red channel (M-Red) is intersecting only for this week at 1.1703. Meaning,...

Hey, buddy, is it 1.1660 or 1.1560.

Market hasn't crossed 1.1560
  • #3,243
  • Nov 1, 2017 12:15am Nov 1, 2017 12:15am
Quoting Ata-Turkoglu
Weekly Outlook The first thing you will obviously notice is the big fat blue channel edge sitting roughly at 1.1560 and not letting bears through. To me that is the biggest caveat (warning) for bears. The awful truth is if price can't go back into blue channel, in following weeks, market will probably push price more and more into a wedge area (marked as red) that will be trapped between upper border of the red channel and upper border of the blue channel. The Midline of red channel (M-Red) is intersecting only for this week at 1.1703. Meaning,...

Good one. Buddy, if you draw the top blue line to the body of the candle, you'll get the more precise price reversal. Why i mentioned it, there is more data on the higher time frame, but the price preached that or near to that top blue line just 2 times. This goes from almost DEC'14 - TODAY. So, What i'd do is reject those 2 tails and draw it near to the body. It'd give us some more clear view.

I hope it's useful.
  • #3,244
  • Nov 1, 2017 12:39am Nov 1, 2017 12:39am
Quoting bloodpoodle
Everybody in the world looking at e/u Head and sholders... Probably won't work like the text books say....
if everybody in the world is looking at it, it's gonna work like textbook for sure....
more easy and big it is to see, more easily it's gonna work...
  • #3,245
  • Nov 1, 2017 1:36am Nov 1, 2017 1:36am
in my simplicity: as long as price is above EMA 200, market maker's intention is bullish: D1....as it is now.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #3,246
  • Nov 1, 2017 1:48am Nov 1, 2017 1:48am
Quoting classy
{quote} hi mate ,what is your percentage indicator a...
dukascopy.com has similar statistics...i did not compare oanda and dukascopy.com and don't know which one is more accurate to reflect market makers intention.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #3,247
  • Nov 1, 2017 1:59am Nov 1, 2017 1:59am
Quoting Trader-Waldo
in my simplicity: as long as price is above EMA 200, market maker's intention is bullish: D1....as it is now.
Any why in the world would you believe this?
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,248
  • Nov 1, 2017 2:01am Nov 1, 2017 2:01am
Quoting Redbaron81
Iceland Volcano about to erupt and is a major threat to EU? anyone think its going to effect the EURO?
Compare it to the hurricanes in the US of A. And can you provide a link please?

Edit; Oh and no. Unless it causes structural damage than I wouldn't be concerned. They often affect airlines but this is natural. Perhaps some volatility in options or insurance markets. Good opportunity if you know what you're doing.

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,249
  • Nov 1, 2017 2:09am Nov 1, 2017 2:09am
Quoting CannonScout
{quote} Any why in the world would you believe this?
that is how I observe chart and interpret it.
you can ask same question about trend lines, fib, EW, RSI...any indicator.
whatever indicator trader use is all about trader's interpretation and believes.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #3,250
  • Nov 1, 2017 2:27am Nov 1, 2017 2:27am
Quoting Trader-Waldo
{quote} that is how I observe chart and interpret it. you can ask same question about trend lines, fib, EW, RSI...any indicator. whatever indicator trader use is all about trader's interpretation and believes.
I understand that. Yet why would you believe that that is the market-makers intention based on that analysis. I'm curious
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,251
  • Nov 1, 2017 2:43am Nov 1, 2017 2:43am
Quoting CannonScout
{quote} I understand that. Yet why would you believe that that is the market-makers intention based on that analysis. I'm curious
i already said:simplicity(compatible to my IQ).
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #3,252
  • Nov 1, 2017 2:54am Nov 1, 2017 2:54am
This range is annoying
  • #3,253
  • Nov 1, 2017 2:56am Nov 1, 2017 2:56am
...removing buyers...
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #3,254
  • Nov 1, 2017 2:57am Nov 1, 2017 2:57am
Quoting Ata-Turkoglu
H4 Outlook and Sweetspots for the Next 12 Hours To the usual standard sweetspots chart I also added updated version of my pinched trendlines chart. I hope it helps.. Stay Green {image} {image}
Just remember the H4 chart levels from yesterday.. Nothing has changed.. range is still the bright blue area.. Market is simply waiting for NFP Friday.. same old same old..

Stay Green
Focus only on what truly matters!
  • #3,255
  • Nov 1, 2017 3:00am Nov 1, 2017 3:00am
Quoting Ata-Turkoglu
{quote} Just remember the H4 chart levels from yesterday.. Nothing has changed.. range is still the bright blue area.. Market is simply waiting for NFP Friday.. same old same old.. Stay Green
i was thinking that me might see some spikes today at the ADP. but same range aply as you said. until friday. a very tight range 1.1625-1.1655
MAKE IT RAIN
  • #3,256
  • Nov 1, 2017 3:08am Nov 1, 2017 3:08am
Quoting mihai1986
{quote} i was thinking that me might see some spikes today at the ADP. but same range aply as you said. until friday. a very tight range 1.1625-1.1655
Sure.. red news most often bring in in volatility.. so we will make use of it too.. price must break out this range we are in since yesterday.. I am on the sidelines..

Stay Green
Focus only on what truly matters!
  • #3,257
  • Edited 4:34am Nov 1, 2017 4:03am | Edited 4:34am
Daily (Thursday & Friday), H4 (Next 12 Hours) Outlook and Sweetspots (Update)

I quickly looked into the next 12 hours.. range getting tighter.. roughly between 1.1651 and 1.1617

Risking selling between 1.1651 and 1.1668 could provide profits and can also give enough time to run away if things go North.

That being said, assuming if I managed to open a sell trade, I would take the green 55 ema as last resistance and put my SL slightly above it.

Once in the trade I would watch bear strength, because I would close my sell asap if I see bearish weakness since the level I am selling is critical and we must act quick in case bulls kick in. Especially once I start noticing that M30 candles can't close back below 1.1651 or, once the first H4 candle closes above 1.1651, I would look to close with minimum loss or maximum profit I can get from there.. That's my thinking..

Edit: Later I also added the daily levels.. Imho, on daily chart, red area is best place to sell (especially starting from 1.1737) and if we flip the story green area is best place to take profit of shorts and look for temporary buy (especially starting from 1.1548)

Stay Green
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Analysis.png Size: 44 KB
Click to Enlarge Name: EURUSD-D-Analysis.png Size: 61 KB
Focus only on what truly matters!
  • #3,258
  • Nov 1, 2017 4:49am Nov 1, 2017 4:49am
Quoting onedollar
{quote} if everybody in the world is looking at it, it's gonna work like textbook for sure.... more easy and big it is to see, more easily it's gonna work...
I think it's gonna fail and the market is sold out. I am stupidly long.Just my point of view.
When you see it, BET big.
  • #3,260
  • Nov 1, 2017 4:51am Nov 1, 2017 4:51am
Quoting Ata-Turkoglu
{quote} Sure.. red news most often bring in in volatility.. so we will make use of it too.. price must break out this range we are in since yesterday.. I am on the sidelines.. Stay Green
I think the market will move ahead of the news, always does. By the time the news comes out the risk to reward on the trade is against u. Also I don't think trading breakouts this day is wonderful unless u know which breakout to trade.
When you see it, BET big.
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