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EURUSD only

  • #29,521
  • Jul 20, 2018 8:27am Jul 20, 2018 8:27am
EU H4
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd h4.png Size: 21 KB

DX H4
Attached Image (click to enlarge)
Click to Enlarge Name: DX H4.png Size: 28 KB
yes yes yes
  • #29,522
  • Jul 20, 2018 8:32am Jul 20, 2018 8:32am
Quoting okshop
{quote} SL to 1.1643 update SL HIT (+6) {image}
What a nice trade that would have been from the 636 lvl ... 3 pips too near!
  • #29,523
  • Jul 20, 2018 8:34am Jul 20, 2018 8:34am
Quoting antisystem
I'm buying. H&S forming. Moty {image}
EURUSD H1
TP reached
Nice end of the week)

Stay green
Attached Image (click to enlarge)
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  • #29,524
  • Jul 20, 2018 8:41am Jul 20, 2018 8:41am
eurusd h1(scalp) 2018/07/20
sell att:1.1715/1730
tp:1.1680
sl:1.1760
Attached Image (click to enlarge)
Click to Enlarge Name: SCALPPP.jpg Size: 336 KB
  • #29,525
  • Jul 20, 2018 8:46am Jul 20, 2018 8:46am
M15 System - Improvements and Thoughts

Below I added some thoughts and findings based on what happened today and how it could have been managed better. Self critic!

The key elements are:

  1. LWMA 55 line is important and can't be ignored. Once candles rose above I should have switched to bull mode but I didn't. First mistake!
  2. The lowest low (circled red as LL on chart) was a guiding level once price broke through red line to the upside. Then each time it came back for retests the M15 candles never could close below this LL. Second mistake that was ignored.
  3. Price slowly formed an inverted H&S which some of the members mentioned but because of the bearish bias I ignored this as well. Third mistake!

Happily I didn't lose pips. But I missed the opportunity to catch the bull trend much earlier. It is clearly possible to fully avoid losses and catch big moves early, but it requires attention to little signals and warnings on the road. Next time we will do better. We either win or we learn yes?

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-M15-Outlook.png Size: 64 KB
Focus only on what truly matters!
  • #29,526
  • Jul 20, 2018 8:49am Jul 20, 2018 8:49am
Quoting alirelax
eurusd h1(scalp) 2018/07/20 sell att:1.1715/1730 tp:1.1680 sl:1.1760 {image}
Wow was already on it with the same TP
Strive for PERFECTION!!
  • #29,527
  • Jul 20, 2018 8:51am Jul 20, 2018 8:51am
now I do not know the right direction.

I'll stay on the sidelines.
h1
  • #29,528
  • Jul 20, 2018 8:56am Jul 20, 2018 8:56am
1
  • #29,529
  • Jul 20, 2018 8:58am Jul 20, 2018 8:58am
1730 would be great shorting opp given daily support. wave up from 1625 has some major weakness.
  • #29,530
  • Jul 20, 2018 9:01am Jul 20, 2018 9:01am
Quoting alirelax
eurusd h1(scalp) 2018/07/20 sell att:1.1715/1730 tp:1.1680 sl:1.1760 {image}
i am with you , good luck
yes yes yes
  • #29,531
  • Jul 20, 2018 9:02am Jul 20, 2018 9:02am
the 8 system
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd h1.png Size: 62 KB
yes yes yes
  • #29,532
  • Jul 20, 2018 9:15am Jul 20, 2018 9:15am
Quoting Moty
the 8 system {image}
Actually it is a good skill to experiment. I started that way as well. It might sound funny but work on it and maybe you can really make something out of things. Surely better than just following things without thinking about their elements. The 8 system it is.. Good luck Moty..

Stay Green
Focus only on what truly matters!
  • #29,533
  • Edited 9:46am Jul 20, 2018 9:16am | Edited 9:46am
Quoting Moty
the 8 system {image}
AKA Elliott Wave 1 - 5 main move, followed by an abc correction - 6,7 & 8

See Ralph Elliott's The Wave Principle, published 1938.
Trading Levels with WRBs
  • #29,534
  • Jul 20, 2018 9:21am Jul 20, 2018 9:21am
thinking would it be forming wave 3 after yesterday low as wave 2 correction in daily chart
  • #29,535
  • Jul 20, 2018 9:22am Jul 20, 2018 9:22am
Quoting Moty
the 8 system {image}
Looks like the jump yesterday after Trump's tweet was just an excuse to put the price where it was headed anyways. Nice chart Moty.
  • #29,536
  • Jul 20, 2018 9:24am Jul 20, 2018 9:24am
Quoting Ata-Turkoglu
M15 System - Improvements and Thoughts Below I added some thoughts and findings based on what happened today and how it could have been managed better. Self critic! The key elements are: LWMA 55 line is important and can't be ignored. Once candles rose above I should have switched to bull mode but I didn't. First mistake! The lowest low (circled red as LL on chart) was a guiding level once price broke through red line to the upside. Then each time it came back for retests the M15 candles never could close below this LL. Second mistake that was ignored....
Hi Ata, I just started following you and this thread, and I have to say it is very well done. Thank you for sharing your knowledge and spending time on this, which definitely helps this community to get more insight and better ideas of what professionals like you, think, do and based their decisions on. And not just that, you are simple on your trading approach and analysis, using the KISS principle straight up, which is key for investors and it is also something hard to find out there. I've been trading Forex on and off since 2006 and I certainly appreciate your wisdom in all your postings.

And yes, we either win or learn.

Your analysis is on point!
Thank you,
Jose
  • #29,537
  • Jul 20, 2018 9:28am Jul 20, 2018 9:28am
Quoting Godzilla
1730 would be great shorting opp given daily support. wave up from 1625 has some major weakness.
Looking at 15 min chart there are 3 rejections of 1.1722 area. based on that I am short from 1.1707 (should of got in sooner but waited for 3rd 15 m candle to close) SL just above 1.1722 area TP open

any comments welcome thanks
  • #29,538
  • Jul 20, 2018 9:29am Jul 20, 2018 9:29am
Quoting Ata-Turkoglu
{quote} Actually it is a good skill to experiment. I started that way as well. It might sound funny but work on it and maybe you can really make something out of things. Surely better than just following things without thinking about their elements. The 8 system it is.. Good luck Moty.. Stay Green
The market work in waves and cycles.
Some are the same , some are not.
You need to keep trying , not give up.
When you catch move like this , jackput.
This is imfact the basics of the elliot wave teory.
yes yes yes
  • #29,539
  • Jul 20, 2018 9:30am Jul 20, 2018 9:30am
[quote=Ata-Turkoglu;11282720]M15 System - Improvements and Thoughts

Indeed and I like your chart especially your price projections. I have long been a user of that Antipodean Trader's work and have posted a couple here before I changed to a more KISS chart for posting
Trading Levels with WRBs
  • #29,540
  • Jul 20, 2018 9:45am Jul 20, 2018 9:45am
Eu 5 m
Attached Image (click to enlarge)
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yes yes yes
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