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  • #9,921
  • Jan 22, 2018 4:59am Jan 22, 2018 4:59am
Quoting FXClarity
{quote} I trade a reversion strategy back to a breakout zone and have targets below..charts are in this thread.
I think the blue recon team has it in their mind that Q R2 can be assailed , that with the daily really not looking overly bearish ,time will tell ,,buckle up my friend .
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #9,922
  • Jan 22, 2018 5:10am Jan 22, 2018 5:10am
Quoting ForexFetish
{quote} May i ask what justification do you have for your bias? Manipulation spikes, stop hunts, and big boys makes forex seem like an unfair place to trade.
My justification for the long?
Price could not break my 1.2214 level and formed a double bottom which means price should more than often than not move up.

Big boys
Its very unfair but us little retail traders have no influence on the market (some would argue this) but yeah it is unfair, however the big boys dont care about little johnny at home trading 1 lot from his office, in order for the markets to move you need buyers and sellers, now if you could influence poeple into a descion and then make 50 mil profit from doing that then they will do it. Just like anyone of us would do. It is unfair but like i say banks dont care about us they want our money. In a ,ove the bank will usually have 3 huge rallies before changing direction. Its our job to notice these.
Stop runs, M patterns and W patterns are all you need i belive which is price action. Trading is all price action, banks cant make big market moves without leaving footprints behind, just like you cant walk in snow without your footprints. Its following the right footprints thats the aim of the game.
  • #9,923
  • Jan 22, 2018 5:18am Jan 22, 2018 5:18am
Quoting Neil0163
{quote} My justification for the long? Price could not break my 1.2214 level and formed a double bottom which means price should more than often than not move up. Big boys Its very unfair but us little retail traders have no influence on the market (some would argue this) but yeah it is unfair, however the big boys dont care about little johnny at home trading 1 lot from his office, in order for the markets to move you need buyers and sellers, now if you could influence poeple into a descion and then make 50 mil profit from doing that then they...
amen , well said Bud
  • #9,924
  • Jan 22, 2018 5:18am Jan 22, 2018 5:18am
11 am in uk m5 and m15 in conslodidation but buy on dips
  • #9,925
  • Jan 22, 2018 5:20am Jan 22, 2018 5:20am
Some sellers coming in here at 1.2266
  • #9,926
  • Jan 22, 2018 5:25am Jan 22, 2018 5:25am
Quoting Starcraftmaz
Some sellers coming in here at 1.2266
im watchin 1.2255 for the buy
  • #9,927
  • Jan 22, 2018 5:50am Jan 22, 2018 5:50am
Marking 1.2245... as long as above we keep buying dips..

Stay Green
Focus only on what truly matters!
  • #9,928
  • Jan 22, 2018 5:54am Jan 22, 2018 5:54am
Quoting Ata-Turkoglu
Marking 1.2245... as long as above we keep buying dips.. Stay Green
hi ATA, just a quick question, how did you got that 1.2245 level?
MAKE IT RAIN
  • #9,929
  • Edited 6:07am Jan 22, 2018 5:56am | Edited 6:07am
Quoting ForexFetish
{quote} May i ask what justification do you have for your bias? Manipulation spikes, stop hunts, and big boys makes forex seem like an unfair place to trade.
Heres a picture of it in action.

The orange denotes the asain session the white denotes london sesh us sesh and open of the aussie.

See the asian session as it was heading towards the resistance level, it broke out during the London sesh for that day. Brilliant breakout i best jump on this its going to rocket price moves up to the next resitance level marked in black, your still in your long trade now your thinking thats ok, a breakout followed by a retest of resistance turned support this is gonna rocket soon. Price shoots off. Yes i knew i was right. Bam big spike market manipulation. Now your thinking dam what caused that maybe news hmm i dont know price then comes back to your breakout level and test it one more time before heading up abit more. You hold because hey your support level is holding right then bam for the rest of the day price moves down.
Think of all the people who where long at the black resistance where is there stop going to be. Think of the people who where short trying to catch trend reversal and pick tops wheres there stop going to be. All between the black resistance line and the upper level, thats manipulation of price by the banks.

Trying to upload my screen shot but having trouble ill edit this post later once my comouter stops playing up.
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  • #9,930
  • Jan 22, 2018 6:06am Jan 22, 2018 6:06am
Uptrend has stopped, it's consolidating now before the next move.

Looks a bit like a bullish flag.
  • #9,931
  • Jan 22, 2018 6:22am Jan 22, 2018 6:22am
retest support level 1.22-1.221
  • #9,932
  • Jan 22, 2018 6:24am Jan 22, 2018 6:24am
Quoting Starcraftmaz
Uptrend has stopped, it's consolidating now before the next move. Looks a bit like a bullish flag.
In the H1 from a technical perspective it is in a Bull Flag / Continuation Cluster....The green line is what trips it.

I've got a couple of shorts off 1.2270 and three much lower. so for me its sit it out time for now
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  • #9,933
  • Jan 22, 2018 6:29am Jan 22, 2018 6:29am
Done for the day folks
Entered at 1.22250 and out at 1.22600
Still has up move potential but im not greedy however i think that today before asian we may see a new high of the day. Have a good en.
  • #9,934
  • Jan 22, 2018 6:35am Jan 22, 2018 6:35am
Quoting mihai1986
{quote} hi ATA, just a quick question, how did you got that 1.2245 level?
It is my pivot on H1 chart..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Pivot.png Size: 35 KB
Focus only on what truly matters!
  • #9,935
  • Jan 22, 2018 6:41am Jan 22, 2018 6:41am
Gone too far down to be a flag now I think, it's a new downtrend. Let's see if 1.2240-44 stops it. Fib 50% retrace is 1.224

Also, consider that what we now have is a failure to reach the previous day's high, and the trend is now down. If it closes hourly below 1.224 I think it will go back to below 1.222
  • #9,936
  • Jan 22, 2018 6:41am Jan 22, 2018 6:41am
Buying at 1.2243..
SL: 20 pips
TP: 20 pips

Stay Green
Focus only on what truly matters!
  • #9,937
  • Jan 22, 2018 6:47am Jan 22, 2018 6:47am
Quoting Ata-Turkoglu
Buying at 1.2243.. SL: 20 pips TP: 20 pips Stay Green
I like 1.2237-35 Should get a reaction there
  • #9,938
  • Jan 22, 2018 6:49am Jan 22, 2018 6:49am
Quoting Neil0163
{quote} Heres a picture of it in action. The orange denotes the asain session the white denotes london sesh us sesh and open of the aussie. See the asian session as it was heading towards the resistance level, it broke out during the London sesh for that day. Brilliant breakout i best jump on this its going to rocket price moves up to the next resitance level marked in black, your still in your long trade now your thinking thats ok, a breakout followed by a retest of resistance turned support this is gonna rocket soon. Price shoots off. Yes i knew...
Exactly! I learned to trade much better/smarter when I understood better the manipulation of the Market Makers and the big boys.
  • #9,939
  • Edited 7:05am Jan 22, 2018 6:52am | Edited 7:05am
Quoting Ata-Turkoglu
Buying at 1.2243.. SL: 20 pips TP: 20 pips Stay Green
You have balls of steel my friend, hat off to you! I am on the sidelines for now.

Which looks stronger, the up or the down? I am not confident to buy yet.

Update: Taking a short here, tp modest 1.2221
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  • #9,940
  • Jan 22, 2018 7:14am Jan 22, 2018 7:14am
pin bar in h1 time to move up
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