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EURUSD only

  • #12,681
  • Feb 12, 2018 1:25pm Feb 12, 2018 1:25pm
Quoting mbrown
Cone on EURUSD...do the dirty!!! It's been a while!
Lol,,,, said it earlier 5 min not really one I use much , a little more noise to sort thru but if do use it and you base it on what a 4 hour is doing ,,,as in having a 4 hour price average or rough 4 hour moving price average ones scalp total increases dramatically,,,,,,, use it along with levels that matter like say from a daily chart ,,it allows one to put a better picture together. What ever timeframe you use ,,,,,,,,,,,,,,use them in a way they work together,,,,,,,,not look at 3 different time frames and see 3 different pictures
Attached Image (click to enlarge)
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  • #12,682
  • Feb 12, 2018 1:26pm Feb 12, 2018 1:26pm
The price is now at the upper level of a descending channel and is trying to get to at least 1.2314 to absorb liquidity but it also need to revisit below at 1.1910 liquidity is where larger orders rest
Attached Image (click to enlarge)
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  • #12,683
  • Feb 12, 2018 1:26pm Feb 12, 2018 1:26pm
I hate this day. I got in 6 times. And at each single entry, the market changed direction.
none of my trades were profitable today.. I just don’t get it. I read charts. I draw my lines. I measure risks. I read your posts here... i think I do most things right... however I didn’t get a signle trade right today.
Worst thing: ´trend’ happened to change every time at the exact moment I entered.
  • #12,684
  • Feb 12, 2018 1:36pm Feb 12, 2018 1:36pm
We can see that buyers came in off the swing low level to push up price into the upper channel where it currently resides in this timeframe..it’s very clear and once you remove wiggly squiggly lines you appreciate price structures more clearly.
Attached Image (click to enlarge)
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  • #12,685
  • Feb 12, 2018 1:39pm Feb 12, 2018 1:39pm
Just some ideas and hope they may be of use to some traders honing their strategies.

Use or discard as you see fit...it’s just the way I see it
  • #12,686
  • Feb 12, 2018 1:41pm Feb 12, 2018 1:41pm
Buyers in control as of now, but until they push it out of the A/D zone, then we have a direction confirmation.
  • #12,687
  • Feb 12, 2018 2:12pm Feb 12, 2018 2:12pm
Quoting mbrown
{quote} I have to say the image is very interesting but I can't focus on more than one chart time frame, hence the need for a model. You've witnessed the model call a 90 pip move so I am not a scalper, I'm more of a 'I'll take whatever is on offer'. The system will scalp if that's the offer (as in ranging markets) or it will swing (as in trending markets). Basically, whatever opportunities are available intraday it goes for them be it 10 pips or 200 pips. {image}
I dont usually pay much att to 5 min ,,,,get the same thing off a 15 min or 30 min ,,, my 6 hour is kinda the bridge between daily and smaller charts
  • #12,688
  • Feb 12, 2018 2:19pm Feb 12, 2018 2:19pm
Quick Daily Outlook for Tuesday

  1. If price can climb above 1.2305 bulls can push price more higher to next trendline resistance: 1.2370 area
  2. If price can drop below 1.2242 bears can reach out to retest 1.2080 area
  3. While inbetween: beware of choppy PA!!!

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-Outlook.png Size: 26 KB
Focus only on what truly matters!
  • #12,689
  • Feb 12, 2018 2:27pm Feb 12, 2018 2:27pm
went short again just below 1.23, targets 1.216, 1.21, stop 1.236
Don't Worry Be Happy
  • #12,690
  • Feb 12, 2018 2:33pm Feb 12, 2018 2:33pm
Quoting Montrealer
{quote} I'm also done for the week. 50 pips made today on EU short. Second best weekly performance. Expect some consolidation between 1.22-1.23 before another push to 1.20.
My Friday's post is still valid. Consolidation 1.22 - 1.23.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #12,691
  • Feb 12, 2018 2:44pm Feb 12, 2018 2:44pm
A market does what ? test a previous level then continues on ,,,,,or,,,,,,,it doesent ,,box bottom 2332 ,,, 50 % level of said box 2434 ,,, it can go to there and still be on its back foot based on daily timeframe ,,,,,,,,,and it can go to there easy enough if it reclaims box bottom at 2332 or Q R 2 ,,it has to get that 1st tho .
Attached Image (click to enlarge)
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  • #12,692
  • Feb 12, 2018 2:47pm Feb 12, 2018 2:47pm
I'm still waiting for it to do the dirty.
  • #12,693
  • Edited 3:03pm Feb 12, 2018 2:47pm | Edited 3:03pm
Quoting digger1
A market does what ? test a previous level then continues on ,,,,,or,,,,,,,it doesent ,,box bottom 2332 ,,, 50 % level of said box 2434 ,,, it can go to there and still be on its back foot based on daily timeframe ,,,,,,,,,and it can go to there easy enough if it reclaims box bottom at 2332 or Q R 2 ,,it has to get that 1st tho . {image}
It goes all the way down. 1.23 is already too high for this dead cat.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #12,694
  • Feb 12, 2018 2:57pm Feb 12, 2018 2:57pm
Quoting Montrealer
{quote} It goes all he way down. 1.23 is already too high for this dead cat.

Yah...it's definitely going down according to my panel. The question is will I get filled at 2303 and how far beyond 20 pips will it fall.
  • #12,695
  • Feb 12, 2018 3:11pm Feb 12, 2018 3:11pm
I smell a bearish week. Okay psychologically speaking, the bears need the short term bulls to take their profits at the 1.23000 area before they can start selling. Fundamentally speaking, investors shift their focus to inflation figures for USD this week (due on wednesday), should they be revised better, this would give the FOMC more reason to rate hikes 3-4 times this year. Short positions at the 1.2300 zone with targets at 1.2100, aggressive traders will hold their positions with targets at 1.9100 area.
Significant moves/High volitility should prevail by Wednesday,
Thank you.
  • #12,696
  • Feb 12, 2018 3:17pm Feb 12, 2018 3:17pm
Quoting mbrown
{quote} Yah...it's definitely going down according to my panel. The question is will I get filled at 2303 and how far beyond 20 pips will it fall.
Only Time will tell... Any shorts over 1.23 is a cash gift.
Inserted Video
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #12,697
  • Feb 12, 2018 3:22pm Feb 12, 2018 3:22pm
Sorry, I meant aggressive traders will hold their positions with targets at 1.19100
  • #12,698
  • Feb 12, 2018 3:26pm Feb 12, 2018 3:26pm
eurusd H4 further UP
Attached Image (click to enlarge)
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  • #12,699
  • Feb 12, 2018 3:44pm Feb 12, 2018 3:44pm
There should be more price rejection at this level. Something is a miss. Cancelling sell limits.
  • #12,700
  • Feb 12, 2018 3:46pm Feb 12, 2018 3:46pm
Quoting mbrown
There should be more price rejection at this level. Something is a miss. Cancelling sell limits.
You think ,,,,
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