EURUSD

triangle formation on M30 eur/usd waiting to see wich way the breakout

Do you know why he is not coming online and posting in his threads?

NOW= 12220

I lowered SL on shorts to 1 22 56

Possibly referring to correlation, like USDCHF, AUDUSD, NZDUSD, GBPUSD
All these could point to the direction of EURUSD

got my PF same as you
do you always draw your lines at 90 degrees angle? the ones aiming up to the ones aiming town?
i have the pitchforks from the same points but are not line perfect 90 degrees angle

edit: actually, i zoomed in the chart and they are at perfect 90 degrees now. i thought it might be that )

add one last short here (1.2240) aim 1.21400 area and SL above yesterday's high

I don't like trading this late in day so I took a very small scalp long on her and got out in at 1.22333, then in a little more on the pullback at 1.22348 after deciding to hold thru the pb, then out 1.22377 what 4 pips? Just really testing this theoretical TA area. more FT now but just watching.

Wave counting based on RSI2

https://forexfore.blog/2018/01/18/an...e-wave-counts/

Managed to get a few bigs shorts between 2235 - 2244. Closed most for a few and look to add more at 2244 to hold sub 2200. I had to close most because it was a big one and price was behaving a bit odd after testing the upper median line. It rattled me. Shit myself! Not literally.

There was also the small question of the Renko Pitchfork I didn't answer before placing the trade. I shit myself after seeing it.

Now closed 95% of position because anything could happen. Not reentering at 2244 but will look for shorts below 2218 after price has taken out the Renko Pitchfork. Above 2250 I see 2310.

In other words, above the purple Hagopian line, expect uptrend continuation. Which would take us back into the yellow Pitchfork on the post above.

2218 looks like a very good place to enter for any downside move.

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Brave hearts should consider entering longs here with SL @ 2217 and PT 2310.

Price has failed to reach the lower median line of the white Pitchfork and has broken out of the upper median line of the red pitchfork. Again, this is a long opportunity with stop-loss below 2218 and PT1 the upper median line of the white pitchfork: 2310-2325.

It is higher probability if you wait for the white median line to be breached but your R:R will be lower. I interpret the breach of the white median line a few bars back to be a valid breach at this point in the PA.


...but I could be wrong.

Actually, you'd probably want the SL to be at 2231 in case price action makes another play for the lower white median line which I think is unlikely.

Long SL should be tight until price gets above the Hagopian line. For the brave hearts...shorting the Hagopian line offers tremendous R:R because you only need a 5 pip SL.

Unfortunately, there is a 96% probability price will touch 2221 today. Numbers crunch etc since 2000. If that is the case the touch and rejection of the white median line 5 minutes ago is probably a precursor of the move down to 2221; if price passes 2217 then 2166 is likely which the red median line.

Attachment 2640200

There is negative side to pressing a trade by adding more positions when it works in your direction- retracement

Going long is actually counter trend on the hourly since we've had a series of lower peaks and valleys. 2287 would need to be taken out to change that.

ok, but not daily/weekly

True but we still haven't had a normal retracement on the daily. Fib must count for something.

Anyway, I'd love to see it go to 2221 but we all have to sleep!

triple bottom here on the 5M, should take us higher

and hourly busy forming hidden divergence ... should take us up to 1.2289

wow euro is testing our patience but finally we might have something going on, i don't even mind getting stopped out on my short lmao....

LOL here we go again zzzz...