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  • #4,361
  • Nov 10, 2017 9:23am Nov 10, 2017 9:23am
Quoting MoneyFocus
For what it is worth...I'm short at 1.1650...
Genuine question, why would u short when a new higher low formed and directly after a new Higher High..?


Just curious on your view on this pair,

thanks!
  • #4,362
  • Nov 10, 2017 9:27am Nov 10, 2017 9:27am
Quoting thejerre
{quote} I would like too see a not so clean touching point, instead, on your chart i would like it to touch between mR3 and R3, but that is my view.. I feel the recent 2 touches in the current zone are too clean, If your stoploss is just above, i think stoploss hunting will kill your trade eventually! I am currently not in a trade on this pair, awaiting reversal, and confirmation! my 2 cents.
That's the best place for a sell limit on a fresh supply zone but there's still a big zone for the price to go thru between mR2 and R2, we could steal 20-30 pips at this area if it holds.

As for the SL, I try to be flexible and watch the price action. Hope the explanation suffice.
  • #4,363
  • Nov 10, 2017 9:30am Nov 10, 2017 9:30am
Got some of my shorts in a little early but I'll just keep shorting around the 1.1730 area to make up for it. EU seems to be channel driven to a strong degree on the daily chart.
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Taigen Profit This Month: na
  • #4,364
  • Nov 10, 2017 9:30am Nov 10, 2017 9:30am
Quoting Ata-Turkoglu
{quote} With NY open maybe 1.1666 first? Maybe it is the day of the devil? lol Stay Green
1.1666 delayed but nicely achieved.. also first AB=CD completed sitting at 1.1676.. now will it push higher to 2nd AB = CD level: 1.1691? Let's see where this stops.. SL should stay at least below 1.1655

I am meanwhile slowly preparing sell setup.. (with these conditions: 30M candles shouldn't touch 1.1695 or candles shouldn't close above 1.1682.. if one of these happens I would keep buying)

Stay Green
Focus only on what truly matters!
  • #4,365
  • Nov 10, 2017 9:35am Nov 10, 2017 9:35am
I must say price rejects nicely at the supply zone but if you look at H4, a new demand zone below it around 18pips if you're selling be prepare for a bounce, we will wait for our Sell Limit at R3.

Green pips to everyone.
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  • #4,366
  • Nov 10, 2017 9:44am Nov 10, 2017 9:44am
Quoting zhafryy
{quote} That's the best place for a sell limit on a fresh supply zone but there's still a big zone for the price to go thru between mR2 and R2, we could steal 20-30 pips at this area if it holds. As for the SL, I try to be flexible and watch the price action. Hope the explanation suffice.
Yes thanks! just short term for now then
  • #4,367
  • Nov 10, 2017 9:44am Nov 10, 2017 9:44am
Careful here bulls.. 1.1677 might become the high of this day.. not saying it can't go higher next week.. but for today this might be it..

Stay Green
Focus only on what truly matters!
  • #4,368
  • Nov 10, 2017 9:47am Nov 10, 2017 9:47am
Quoting Ata-Turkoglu
Careful here bulls.. 1.1677 might become the high of this day.. not saying it can't go higher next week.. but for today this might be it.. Stay Green
I am watching it closely too. Need better confirmation. Too many factors involved right now. And fact that market actually open today plays big role.
  • #4,369
  • Nov 10, 2017 9:57am Nov 10, 2017 9:57am
QM is forming on M30, let's see if the price follows the red line.
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  • #4,370
  • Nov 10, 2017 10:01am Nov 10, 2017 10:01am
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MAKE IT RAIN
  • #4,371
  • Nov 10, 2017 10:03am Nov 10, 2017 10:03am
Hope we go to 1,15 within the next coming weeks and then we will see
COT: The precious data ignored
  • #4,372
  • Nov 10, 2017 10:08am Nov 10, 2017 10:08am
Quoting kuroro001
Hope we go to 1,15 within the next coming weeks and then we will see
we might get there next week
MAKE IT RAIN
  • #4,373
  • Nov 10, 2017 10:10am Nov 10, 2017 10:10am
Watching current M30 candle to become a bearish (red) one and also expecting it to close below 6ema... Let's see that first (20 more minutes)

Stay Green
Focus only on what truly matters!
  • #4,374
  • Nov 10, 2017 10:14am Nov 10, 2017 10:14am
Quoting zhafryy
QM is forming on M30, let's see if the price follows the red line. {image}
Watch this closely, If it maintain between the red line and the blue line holds, be prepare for a big drop. (might be on Monday)
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  • #4,375
  • Nov 10, 2017 10:15am Nov 10, 2017 10:15am
Quoting Ata-Turkoglu
Watching current M30 candle to become a bearish (red) one and also expecting it to close below 6ema... Let's see that first (20 more minutes) Stay Green
will this be a confirmation of bulls loosing power?
MAKE IT RAIN
  • #4,376
  • Nov 10, 2017 10:21am Nov 10, 2017 10:21am
Quoting mihai1986
{quote} will this be a confirmation of bulls loosing power?
First dropping candle is an engulfing candle.. that was signal.. now confirmation would come if next 2 to 3 M30 candles maybe touch or even go higher but can't CLOSE above 1.1666

On daily chart's basis: a closing above 1.1643 is still bullish though.. so this drop could actually that bearish attempt that tries to close day below 1.1643

Stay Green
Focus only on what truly matters!
  • #4,377
  • Nov 10, 2017 10:34am Nov 10, 2017 10:34am
Quoting zhafryy
{quote} Watch this closely, If it maintain between the red line and the blue line holds, be prepare for a big drop. (might be on Monday) {image}
Looks like the blue line holds, price will go sideways for a while between the blue box and blue line and if it maintains we could see a big drop next week. Goodnight from Malaysia.
  • #4,378
  • Nov 10, 2017 10:34am Nov 10, 2017 10:34am
Quoting SteFX85
C should contain 5 minor waves. If it breaks, using the fan principle, this seems most likely. For a triple bottom at FE 61.8 before reversal? And using Fib Exspansion in the other direction as you can see FE 61.8 is the break, FE100.0 and FE161.8 targets. Love it when a plan comes together lol I'm playin this as you can see, but still holding short! Grtz {image}
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Looks like we have arrived at our destination.

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Counting waves and using fan principle I think we will get one more wave down before we have a great buying opportunity.

Looks like this could form some kind of a broadening formation which is a reversal pattern.
This would also confirm our 5 wave count for intermediate corrective C.

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What's that smell? ---- I smell money!
  • #4,379
  • Nov 10, 2017 10:38am Nov 10, 2017 10:38am
Quoting zhafryy
{quote} Looks like the blue line holds, price will go sideways for a while between the blue box and blue line and if it maintains we could see a big drop next week. Goodnight from Malaysia.
Thanks for your inputs.. take care and happy weekend Zhafryy.. good night.. greetings to Malaysia..

Stay Green
Focus only on what truly matters!
  • #4,380
  • Nov 10, 2017 10:40am Nov 10, 2017 10:40am
Quoting zhafryy
{quote} Watch this closely, If it maintain between the red line and the blue line holds, be prepare for a big drop. (might be on Monday) {image}
A simple explanation on QM for those following.
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