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  • #18,561
  • Apr 11, 2018 3:34am Apr 11, 2018 3:34am
Quoting Ata-Turkoglu
{quote} Except my gut feeling.. again: can't help it.. such a doubtful day for me today.. a massive drop plays in my head over and over.. but anyways.. maybe I am wrong.. will trade careful today.. good luck to all.. Stay Green
That's probably my subliminal messages Ata
  • #18,562
  • Apr 11, 2018 3:37am Apr 11, 2018 3:37am
Lets have a chart...to me at least - It says "be short" - Right into the Supply area

Added: In fact I'm finding it hard not to throw the sell orders in right here..but I'm already short from:

 

  1. Above 1.25
  2. 1.2445
  3. 1.2372
  4. 1.2318

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proH1.png Size: 70 KB
  • #18,563
  • Apr 11, 2018 4:22am Apr 11, 2018 4:22am
Still trading inside the most bullish monthly candle in 2 years. Trading at the weekly high, after the worst NFP numbers for 6 months. Trading above the UK day open and the US day open. Possible retest of 1.2360. Ranging before US news in 3 hours? Not something I want to be shorting:

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd180411h1.PNG Size: 34 KB
Gone to a better place
  • #18,564
  • Apr 11, 2018 4:27am Apr 11, 2018 4:27am
Nothing to get excited yet as long as 1.2360 is badass support..

Stay Green
Focus only on what truly matters!
  • #18,565
  • Apr 11, 2018 4:29am Apr 11, 2018 4:29am
Quoting Ata-Turkoglu
Nothing to get excited yet as long as 1.2360 is badass support.. Stay Green
Its fair to say the EUR USD hasn't been very exciting for months now
  • #18,566
  • Apr 11, 2018 4:36am Apr 11, 2018 4:36am
Quoting FXClarity
{quote} Its fair to say the EUR USD hasn't been very exciting for months now
If you mean the lack of those profitable rallies then yes I agree.. mostly it starts with 2 or 3 hourly candles and then slows down.. I miss those fast and long lasting rallies too.. hopefully times will come when weekly decides which way to go..

Edit: Just checked the daily chart.. 1.2373/83 is truly badass daily resistance.. careful bulls..

Stay Green
Focus only on what truly matters!
  • #18,567
  • Apr 11, 2018 4:37am Apr 11, 2018 4:37am
Quoting FXClarity
{quote} Its fair to say the EUR USD hasn't been very exciting for months now
It's exciting looking for shorts on a pair that is massively bullish and currently forming a bullish pennant. We are above the weekly open, too - it's a bullish week.

Weekly chart:

Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd180411w1.PNG Size: 31 KB
Gone to a better place
  • #18,568
  • Apr 11, 2018 4:47am Apr 11, 2018 4:47am
Quoting Ata-Turkoglu
{quote} If you mean the lack of those profitable rallies then yes I agree.. mostly it starts with 2 or 3 hourly candles and then slows down.. I miss those fast and long lasting rallies too.. hopefully times will come when weekly decides which way to go.. Edit: Just checked the daily chart.. 1.2373/83 is truly badass daily resistance.. careful bulls.. Stay Green
Daily is very sloppy now isn't it..decent enough for range bound plays since New Year or faster time frame hit and runs I suppose
  • #18,569
  • Apr 11, 2018 4:48am Apr 11, 2018 4:48am
Quoting FXClarity
Lets have a chart...to me at least - It says "be short" - Right into the Supply area Added: In fact I'm finding it hard not to throw the sell orders in right here..but I'm already short from: Above 1.25 1.2445 1.2372 1.2318 {image}
Just wanted to pick up on your chart there. An inverse head and shoulders formation is formed at the end of a down trend as a reversal formation. Usually, they are only worth considering on the daily or weekly charts and they must be clear - that is, have clearly defined support and resistance levels.

Yours is in the middle of a range. What you wish to trade off and which lines you choose are none of my business, of course. Or what you want to call them!
Gone to a better place
  • #18,570
  • Apr 11, 2018 4:52am Apr 11, 2018 4:52am
Quoting smikester
{quote} It's exciting looking for shorts on a pair that is massively bullish and currently forming a bullish pennant. We are above the weekly open, too - it's a bullish week. Weekly chart: {image}
Could well turn out that way..Of course the flip side is it could be a Bear Flag if it busts that lower black line on the Weekly too.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proWeekly.png Size: 56 KB
  • #18,571
  • Apr 11, 2018 4:56am Apr 11, 2018 4:56am
I also expect the trend to have a retrace.
But i wait M15 to make the last wave up the double top
And on H1 TF we have there few candles formations star, hammer and all kind of swords ))))

I markt with grey where i expect to the trend to go.
And the indicator TDI is showing at will come a retracement or a down trend.
We just need to wait also for H4 to confirm that if no is a retracement.

THIS IS MY VIEW AND OPINION
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1 (1).png Size: 55 KB
Click to Enlarge Name: EURUSDH1.png Size: 51 KB
  • #18,572
  • Apr 11, 2018 4:57am Apr 11, 2018 4:57am
Quoting smikester
{quote} Just wanted to pick up on your chart there. An inverse head and shoulders formation is formed at the end of a down trend as a reversal formation. Usually, they are only worth considering on the daily or weekly charts and they must be clear - that is, have clearly defined support and resistance levels. Yours is in the middle of a range. What you wish to trade off and which lines you choose are none of my business, of course. Or what you want to call them!
No probs..Always happy to debate charts when waiting for things to unfold.

The Inverse Head and shoulders for me was an area where I scaled out of shorts taken much higher (history is in this thread)..I merely use the pattern as a reference point.

I've traded this pair on the short side for a few months now as my strat dictates there is unfinished business below us and price will retrace under 1.20 so I'm trading it accordingly.

I've managed to secure over 1000 pips doing it but it has been a bare knuckle fight
  • #18,573
  • Apr 11, 2018 4:57am Apr 11, 2018 4:57am
If a pair is trading above the number at midnight London and midnight New York, it is an "up" day. Also, have a look at yesterday's high and low and see where the price is now. With those four numbers in mind, be very careful about considering the direction of your trade. Personally, even if a pair is having a "down" day, if the general trend is up, then I am looking for areas where I can buy at a bargain price, often waiting a few days for another "up" day. Of course, I often break these rules and then regret it.
Gone to a better place
  • #18,574
  • Apr 11, 2018 5:02am Apr 11, 2018 5:02am
Quoting smikester
If a pair is trading above the number at midnight London and midnight New York, it is an "up" day. Also, have a look at yesterday's high and low and see where the price is now. With those four numbers in mind, be very careful about considering the direction of your trade. Personally, even if a pair is having a "down" day, if the general trend is up, then I am looking for areas where I can buy at a bargain price, often waiting a few days for another "up" day. Of course, I often break these rules and then regret it.
Amen to that..Our biggest enemy is ourselves.

I came to the conclusion a long time ago that this game is all just one big risk management play..

You appear to be an accomplished trader and you appear to be trading it off the long bat; I am sure you will be profitable. I am taking the opposite approach; I will also be profitable (history and my strategy support this)...Funny ole business really.
  • #18,575
  • Apr 11, 2018 5:03am Apr 11, 2018 5:03am
If channel holds, then this is the scenario i've had in mind for some time now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 63 KB
  • #18,576
  • Apr 11, 2018 5:06am Apr 11, 2018 5:06am
Quoting Ata-Turkoglu
{quote} If you mean the lack of those profitable rallies then yes I agree.. mostly it starts with 2 or 3 hourly candles and then slows down.. I miss those fast and long lasting rallies too.. hopefully times will come when weekly decides which way to go.. Edit: Just checked the daily chart.. 1.2373/83 is truly badass daily resistance.. careful bulls.. Stay Green
Yes, I've layered in another short for that very reason but I don't expect it will be that easy..price will chop here
  • #18,577
  • Apr 11, 2018 5:06am Apr 11, 2018 5:06am
Just sold 1.2379.. can't help it today..
SL: 20 pips..
TP: Open

Stay Green
Focus only on what truly matters!
  • #18,578
  • Apr 11, 2018 5:20am Apr 11, 2018 5:20am
Quoting kmic14
I also expect the trend to have a retrace. But i wait M15 to make the last wave up the double top And on H1 TF we have there few candles formations star, hammer and all kind of swords )))) I markt with grey where i expect to the trend to go. And the indicator TDI is showing at will come a retracement or a down trend. We just need to wait also for H4 to confirm that if no is a retracement. THIS IS MY VIEW AND OPINION {image} {image}
Hard to get that last pop pin pointed ,, Im not buying any more ,, just looking for that last pop,,, W R2 seems about right
  • #18,579
  • Apr 11, 2018 5:28am Apr 11, 2018 5:28am
Quoting digger1
{quote} Hard to get that last pop pin pointed ,, Im not buying any more ,, just looking for that last pop,,, W R2 seems about right
Nice W. That area wasn't finish for m15. Maybe will spike a bit more up for h4. We will see. i will add more sell to get a better price.
  • #18,580
  • Apr 11, 2018 5:28am Apr 11, 2018 5:28am
Quoting Stillearnin
If channel holds, then this is the scenario i've had in mind for some time now. {image}
Splendid! Just splendid!
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