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  • #4,001
  • Nov 7, 2017 11:18pm Nov 7, 2017 11:18pm
sell after 1.1583
  • #4,002
  • Edited 12:19am Nov 8, 2017 12:03am | Edited 12:19am
Missed by a whisker, probably we will see a downside back to 1.149 or hopefully 1.147

*Update: hit the first sell limit
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  • #4,003
  • Nov 8, 2017 12:10am Nov 8, 2017 12:10am
Well I would wait for the London open. Pretty sure we will get a better price that 1.1583 to sell. I even think that is going to correct up to 1.165 region.
  • #4,004
  • Nov 8, 2017 12:30am Nov 8, 2017 12:30am
Quoting axecap
entered short @ 1.159....aiming for 1.153 or better...
and ...will add some more at 1.1612
Its all just one persons opinion
  • #4,005
  • Nov 8, 2017 12:54am Nov 8, 2017 12:54am
From here I will stay on the sidelines for a while.. new sideways channel forming on M30.. 1.1613/19 zone is critical and it took bulls so much effort to reach.. still not touched.. I need more data.. my moving average lines are tangled.. so time will show.. patience here..

Edit: also first macd divergence on M30 and a minor drop started right after..

Stay Green
Focus only on what truly matters!
  • #4,006
  • Nov 8, 2017 1:01am Nov 8, 2017 1:01am
Quoting Ata-Turkoglu
From here I will stay on the sidelines for a while.. new sideways channel forming on M30.. 1.1613/19 zone is critical and it took bulls so much effort to reach.. still not touched.. I need more data.. my moving average lines are tangled.. so time will show.. patience here.. Edit: also first macd divergence on M30 and a minor drop started right after.. Stay Green
if crosses that 1.1613 strong resistance, that M30 Fibonacci Symmetry my work very nice
MAKE IT RAIN
  • #4,007
  • Nov 8, 2017 1:09am Nov 8, 2017 1:09am
I still think its a good time to buy now just for a quick scalp for around 20 - 30 pips. There are just too many sellers. The high rollers will look for liquidity before the big move short.
  • #4,008
  • Nov 8, 2017 1:14am Nov 8, 2017 1:14am
Even though Volumes for bears is a bit low, I'm still bias towards sellers., let's see if bulls can take control after the morning session.
  • #4,009
  • Nov 8, 2017 1:19am Nov 8, 2017 1:19am
strong rejection before 1612, with reasonable volume, still looks short to me , without much more retracement
Its all just one persons opinion
  • #4,010
  • Nov 8, 2017 1:25am Nov 8, 2017 1:25am
Quoting mihai1986
{quote} if crosses that 1.1613 strong resistance, that M30 Fibonacci Symmetry my work very nice
I agree, but considering that there are still roughly 4 more hours until NY session and market hesitates.. I prefer to wait..

What I do in hesitant situations like this is: I create a "false trade" in my mind.. for example if I would short at 1.1605 level.. My SL would go slightly above 1.1620.. let's say 1.1622.. so I would start looking for new buy setups only once 1.1622 is touched.. If I see that I would feel more confident buying swing lows..

Again it is just one example of the many things I do but it helps..

Stay Green
Focus only on what truly matters!
  • #4,011
  • Nov 8, 2017 1:26am Nov 8, 2017 1:26am
Sell limit move to a new spot at blue line due to indecisive market, watch the blue box area for short trades.

Green pips to everyone.
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  • #4,012
  • Nov 8, 2017 1:29am Nov 8, 2017 1:29am
Quoting axecap
strong rejection before 1612, with reasonable volume, still looks short to me , without much more retracement
agree. i will take profit from my current long position around that 1612 area. Then wait for a big move to the upside first before going down. Thats how they get liquidity in the market. Just be careful with your stops.
  • #4,013
  • Nov 8, 2017 1:32am Nov 8, 2017 1:32am
Looks to me its going down. I think it will settle below 1.1584. Bulls are struggling. Even if it goes up it will come back down and settle below 1.16
  • #4,014
  • Nov 8, 2017 1:34am Nov 8, 2017 1:34am
Quoting Ata-Turkoglu
{quote} I agree, but considering that there are still roughly 4 more hours until NY session and market hesitates.. I prefer to wait.. What I do in hesitant situations like this is: I create a "false trade" in my mind.. for example if I would short at 1.1605 level.. My SL would go slightly above 1.1620.. let's say 1.1622.. so I would start looking for new buy setups only once 1.1622 is touched.. If I see that I would feel more confident buying swing lows.. Again it is just one example of the many things I do but it helps.. Stay Green
i am on the sidelines too. just watching the market. looking for a good buy or sell setup on M30 and M5. i might just sit and watch for the next 3-4 hours or so...
MAKE IT RAIN
  • #4,015
  • Nov 8, 2017 1:41am Nov 8, 2017 1:41am
Quoting mihai1986
{quote} i am on the sidelines too. just watching the market. looking for a good buy or sell setup on M30 and M5. i might just sit and watch for the next 3-4 hours or so...
No need to sit and watch.. check with each new 30M candle from your phone and once (and only when) you see an opportunity then you sit and watch M5 for some time until you enter.. after that you go back to M30 and only check new candle progress via phone.. I never sit and watch charts.. live your life bro.. my half cents..

Stay Green
Focus only on what truly matters!
  • #4,016
  • Nov 8, 2017 1:58am Nov 8, 2017 1:58am
Quoting mihai1986
{quote} i am on the sidelines too. just watching the market. looking for a good buy or sell setup on M30 and M5. i might just sit and watch for the next 3-4 hours or so...
Just leave the price moving on it's own, set the PO and SL and we're good to go. BUT do check once a while.
  • #4,017
  • Nov 8, 2017 3:09am Nov 8, 2017 3:09am
Quoting Ata-Turkoglu
{quote} No need to sit and watch.. check with each new 30M candle from your phone and once (and only when) you see an opportunity then you sit and watch M5 for some time until you enter.. after that you go back to M30 and only check new candle progress via phone.. I never sit and watch charts.. live your life bro.. my half cents.. Stay Green
Hiya Ata, I think this what you wrote is very important for trading, specialy for novices, including me . Can you just clearify some tiny but important steps and what is for you opportunity? I would guess that you get in your blood after many years of trading, but Im still developing this.
30M finishes in green how much from EMA and SMA? I guess volume is also important? And then I switch to 5M chart and observe the right moment. What is the crucial moment for you? Sorry for this basic questions but I can just thank you that we recieved and still recieving the most useful and pratctical tips so that we are able to trade in a proper direction.

Thanks and best regards, D.
  • #4,018
  • Nov 8, 2017 3:30am Nov 8, 2017 3:30am
Quoting delfinus
{quote} Hiya Ata, I think this what you wrote is very important for trading, specialy for novices, including me . Can you just clearify some tiny but important steps and what is for you opportunity? I would guess that you get in your blood after many years of trading, but Im still developing this. 30M finishes in green how much from EMA and SMA? I guess volume is also important? And then I switch to 5M chart and observe the right moment. What is the crucial moment for you? Sorry for this basic questions but I can just thank you that we...
Most crucial for me is my Daily Sweetspot Levels and the levels for Tomorrow already matter.. especially 1.1595 - 1.1631 area is important at the moment:

  1. Since we are below the red 6 ema, it could be an opportunity for bulls to attack a climb up above 6 ema: meaning risking buying with swing lows could be profitable: BUT with the hopes that 1.1595 will break so it is a dangerous game..
  2. Selling based on Daily would not be an option below 6 ema.. I always prefer to sell while candles are above 6 ema.. I have still one daily sell trend running which I opened at 1.1696 and I keep that as long as daily candles don't close above 6 ema. That is not an intraday trade so ignore it in that sense but to explain how Daily chart affects everything on smaller timeframes I had to mention it. Therefore based on Daily I would start looking for new sell entries only once price arrives above 6 ema starting from 1.1622 and above.. where to short would be a mystery and I would go step by step each day depending on bull pressure. The logic is to sell as high as possible to be able to get out if it turns out I was wrong. That logic minimizes losses and maximizes profits.
  3. Once I see bullish weakness above 6 ema daily chart, I would switch down to H1 or M30 and look for sell entries with same logic..

Later I will share updated version of 30M chart and try to explain more.. hope this helps a little bit..

Stay Green

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Focus only on what truly matters!
  • #4,019
  • Nov 8, 2017 3:43am Nov 8, 2017 3:43am
Heya, actually this is exactly what I wanted to hear and it is very useful knowledge you share. Kinda secrets for forex "cooking" tradin. I already made about 15 pdf files consisted from users questions and your very useful tips you shared here, including graphs. At some point I will forward all these back to you so you might use it to share or to make a book for beginners .

Yes, definetely looking forward for the demonstration also on the 30M chart.

Best regards, d.
  • #4,020
  • Nov 8, 2017 3:48am Nov 8, 2017 3:48am
Quoting delfinus
Heya, actually this is exactly what I wanted to hear and it is very useful knowledge you share. Kinda secrets for forex "cooking" tradin. I already made about 15 pdf files consisted from users questions and your very useful tips you shared here, including graphs. At some point I will forward all these back to you so you might use it to share or to make a book for beginners . Yes, definetely looking forward for the demonstration also on the 30M chart. Best regards, d.
nice one mate
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