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  • #27,961
  • Jul 11, 2018 8:26am Jul 11, 2018 8:26am
Quoting Pell
{quote} What's the implication?
Implication ,, none really , just an area price used to bounce off of , Longer term , price above quarterly open , price above the 4 hour 200 (rough ave monthly price ) so a bit of a bullish tilt ,, shorter term The head and shoulder pattern is keeping it in check atm. Weekly pivot is a support area just above all the bull scenario stuff , dont really matter what the news is or was , the fundi folks will always find a reason for the jump after the fact, bottom line its a support area , nothing more nothing less , now its back to a resistance area where somebody has been selling , sooner or later one side will win then the mkt will move to the next level. Any implication would point to its just the way the mkt works . Not magic , not mystical just buyers and sellers making the mkt go up and down .
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  • #27,962
  • Jul 11, 2018 8:37am Jul 11, 2018 8:37am
Quoting Mitiblotch
{quote} If I may ask, Ata, what are some of your preferred ingredients of bullish or bearish evidence around particular numbers? For example what are you looking out for at 1.1731? Thanks.
I give + or - 5 pips room to every level I share depending on the timeframe. On larger timeframes like weekly I would even give more room of +-10 or 15 pips.. These are "areas". The price level itself doesn't matter that much. Once market arrives at these areas I am switching down to smaller timeframes like M15 or M5 and check what candles do and what kind of micro-signals I could get before I open a trade.

Micro-signals are no different than any signals you would look for to confirm momentum towards bullish or bearish direction. For example breakouts from ranges, triangles, higher highs or lower lows, candle patterns, even harmonic patterns etc. All still work at smaller timeframes with the primary condition: If market reached a certain S/R on the larger timeframe.

Hope it clarifies.

Stay Green
Focus only on what truly matters!
  • #27,963
  • Jul 11, 2018 8:39am Jul 11, 2018 8:39am
Quoting Ata-Turkoglu
{quote} I give + or - 5 pips room to every level I share depending on the timeframe. On larger timeframes like weekly I would even give more room of +-10 or 15 pips.. These are "areas". The price level itself doesn't matter that much. Once market arrives at these areas I am switching down to smaller timeframes like M15 or M5 and check what candles do and what kind of micro-signals I could get before I open a trade. Hope it clarifies. Stay Green
Quite clear. Thank you.
  • #27,964
  • Jul 11, 2018 8:41am Jul 11, 2018 8:41am
Quoting Ata-Turkoglu
On H1.. If bulls can stay above 1.1731 (meaning: I will look for buy setups near 1.1731 once I see bullish evidence) then I will wait for completion of a new potential Gartley pattern at 1.1780/90.. That's where I would start looking for sell setups (meaning: I will look to sell near 1.1780/90 once I see bearish evidence). Stay Green

Hmmm interesting call ATA,

If 1.1790 area can be breached then i see the bulls could easily start stampeding out the gate,

My charts are all so saying that the USD-Index could see some more downside as well,

But as always time will reveal all
  • #27,965
  • Jul 11, 2018 8:44am Jul 11, 2018 8:44am
Quoting Dingoman-two
{quote} Hmmm interesting call ATA, If 1.1790 area can be breached then i see the bulls could easily start stampeding out the gate, My charts are all so saying that the USD-Index could see some more downside as well, But as always time will reveal all
For now I rely on the latest H4 candle that broke out and closed above 1.1727. As time passes that level will continue to shift to 1.1736 for the next 8 hours. I rely on that area to support. So it is about buying dips as close as it gets to 1.1736 for today's NY session. Trade safe..

Stay Green
Focus only on what truly matters!
  • #27,966
  • Jul 11, 2018 9:00am Jul 11, 2018 9:00am
Quoting Ata-Turkoglu
{quote} I give + or - 5 pips room to every level I share depending on the timeframe. On larger timeframes like weekly I would even give more room of +-10 or 15 pips.. These are "areas". The price level itself doesn't matter that much. Once market arrives at these areas I am switching down to smaller timeframes like M15 or M5 and check what candles do and what kind of micro-signals I could get before I open a trade. Micro-signals are no different than any signals you would look for to confirm momentum towards bullish or bearish direction. For example...
Very very educative, more power to your elbows
  • #27,967
  • Jul 11, 2018 9:08am Jul 11, 2018 9:08am
Quoting Ata-Turkoglu
{quote} For now I rely on the latest H4 candle that broke out and closed above 1.1727. As time passes that level will continue to shift to 1.1736 for the next 8 hours. I rely on that area to support. So it is about buying dips as close as it gets to 1.1736 for today's NY session. Trade safe.. Stay Green

"Dame good call ATA"

=
  • #27,968
  • Jul 11, 2018 9:14am Jul 11, 2018 9:14am
Bullish scenario (for now bulls have the upper hand)

If H1 candles can also close above 1.1752 bulls might push it all the way up to an area between 1.1792 and 1.1818..

Time will show and again: Only if 1.1752 gets defeated!

Bearish scenario

If H1 candles can close below 1.1736 and then also below 1.1717 we can speak of bearish continuation. Otherwise: keep buying dips.

Stay Green
Focus only on what truly matters!
  • #27,969
  • Jul 11, 2018 9:19am Jul 11, 2018 9:19am
Taking a stab short at 1742 for now let's see if bears can do anything. Stop 25
  • #27,970
  • Edited 9:34am Jul 11, 2018 9:23am | Edited 9:34am
Quoting Ata-Turkoglu
Bullish scenario (for now bulls have the upper hand) If H1 candles can also close above 1.1752 bulls might push it all the way up to an area between 1.1792 and 1.1818.. Time will show and again: Only if 1.1752 gets defeated! Bearish scenario If H1 candles can close below 1.1736 and then also below 1.1717 we can speak of bearish continuation. Otherwise: keep buying dips. Stay Green

This is someone else's quote not mine,

and i like it

...and the only attitude that annoys me on this forum is "Hindsight"... boys.. girls... what is the benefit of telling us what happened already? I beg you, only tell us what do you think will happen.

"Now that would be something dont you think".



Quoting Stillearnin
Taking a stab short at 1742 for now let's see if bears can do anything. Stop 25
  • #27,971
  • Jul 11, 2018 9:27am Jul 11, 2018 9:27am
Quoting Dingoman-two
{quote} This is someone else's quote not mine, and i like it ...and the only attitude that annoys me on this forum is "Hindsight"... boys.. girls... what is the benefit of telling us what happened already? I beg you, only tell us what do you think will happen. Now that would be something dont you think.
Three misses on my attempt to sell at 1.1758 from yesterday.
Next Batter.
good luck
regards
goma
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  • #27,972
  • Jul 11, 2018 9:33am Jul 11, 2018 9:33am
Quoting goma
{quote} Three misses on my attempt to sell at 1.1758 from yesterday. Next Batter. good luck regards goma {image}

18 trades so far today 3 losses all up, two buy's only, all winners

Dame great day

no time to call them thought to busy scalping.

Great catch's Gomma
  • #27,973
  • Jul 11, 2018 9:35am Jul 11, 2018 9:35am
A bullish scenario would only play out [for me] if we can close today, above yesterday´s high. I see weakness and when the mkt closes [in some hrs and then, lower] the 1.174 area is for shorting but, who knows? It´s still, all to play for.
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  • #27,974
  • Jul 11, 2018 9:35am Jul 11, 2018 9:35am
Eur usd long now
  • #27,975
  • Jul 11, 2018 9:37am Jul 11, 2018 9:37am
EUR/USD marked session top at 1.1760 but retreated to the comfortable 1.1740 area. Bulls are a bit tired so during next few hours it’s not expected any marginal change.
  • #27,976
  • Jul 11, 2018 9:39am Jul 11, 2018 9:39am
Hi Guys,

Currently Eu sitting just below my weekly open at 1.17560 (Highlighted horizontal purple line). It is very important for me to have a daily close above this level. Today had a nice bounce off my weekly pivot at 1.17034. Last week the weekly pivot was at 1.1642. So the rise in weekly pivot is nothing short of bullish momentum unfolding and crux to my bullish outlook. As I said in my previous post that price tends to drift off at the open of a new week. Nothing unusual. We had lower highs and lower lows since monday giving a short bearish outlook. This is what I term a retrace. Price will drift off but will at most retest the weekly open. However it now becomes crucial for a weekly close above 1.17560 to maintain bullish momentum..We have had a 3 day retrace and for me price moves in 3's wether it be 3 days or 3 weeks or 3 months. My observations indicate that we could have a reversal tomorrow to the upside - Reversal Thursday, once again nothing cast in stone.

I have buy stops set up above my weekly open as well as my buy trades, closed and opened as the week has gone by. Patience and more patience is needed. My ultimate goal is 1.20484. Again, this is me and I don't expect anyone to follow me.

I also feel nothing to close all my trades at a loss as I trade small with a very healthy margin level.

Trade to trade another day.

All the best with your trading

Cheers
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Trade to trade another day
  • #27,977
  • Jul 11, 2018 9:39am Jul 11, 2018 9:39am
Quick H1 Outlook (Update)

Nothing complicated here:

  1. Buy dips while above blue colored area and especially while above 1.1711.
  2. If you have a long open then stay long until market arrives at red colored area.
  3. Sell once you see bearish evidence while below 1.1782.
  4. If candles close below blue area get rid of longs if any.
  5. If candles close above red area get rid of shorts if any.

Stay Green

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Focus only on what truly matters!
  • #27,978
  • Jul 11, 2018 9:44am Jul 11, 2018 9:44am
Quoting Ata-Turkoglu
Quick H1 Outlook (Update) Nothing complicated here: Buy dips while above blue colored area and especially while above 1.1711. If you have a long open then stay long until market arrives at red colored area. Sell once you see bearish evidence while below 1.1782. If candles close below blue area get rid of longs if any. If candles close above red area get rid of shorts if any. Stay Green {image}
Perfect!
  • #27,979
  • Jul 11, 2018 9:45am Jul 11, 2018 9:45am
Closed my final short of the day at 1.1727 from daily 55 SMA 1.1757. Good luck guys. end of trading day for me. Stay Green
Trades technical moves enforced by fundamentals
  • #27,980
  • Jul 11, 2018 9:48am Jul 11, 2018 9:48am
Quoting Dingoman-two
{quote}
Hope you had a good laugh buddy...not so much anymore i guess huh? Thanks for your instructive post by the way, learned a lot!
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