Attachments: EURUSD only

EURUSD only

#30,381
Jul 26, 2018 2:11am Jul 26, 2018 2:11am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Nice drop so far.. Slow and steady.. Keeping my SL at 1.1721 now.. +13 pips locked..

Stay Green

Focus only on what truly matters!

#30,382
Jul 26, 2018 2:11am Jul 26, 2018 2:11am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,266 Posts

Quoting Teek

Disliked

{quote} Hedging. Everything you see before really significant events, is banks and really big players positioning and hedging pre-event, causing intermarket counter-correlation moves and eveything seems like it makes no sense, but in fact it makes a lot of sense if you think about the size of their trading alone. Absolutely everything that happens before significant economic/financial/political events is pre-positioning and hedging and should never be traded by a smal retail trader. By the time you get the numbers, they are already old, the market...

Ignored

Thanks a lot, Teek, for the explanation. One more question please: you have always mentioned that news is used to trade out of positions by big stakeholders, never to trade in. If I may ask, does it mean they somehow get the news before hand, or they do their own background research to have a feel of what's going to happen?

Happy birthday.
Be well and live well.

#30,383
Jul 26, 2018 2:12am Jul 26, 2018 2:12am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Quoting RicardoJoel

Disliked

EURUSD is trading below the resistance level 1.17430 in a technical 4-hour chart. I expect the bearish momentum to continue for next trading hours, pair crosses the first support at 1.17188 and if it sustains below this level, then it will take second support at 1.17132. Further mounting pressure will force the pair to fall till level of 1.16778, after sustenance below third support level 1.16995. It will hit level of 1.16416, provided selling persist for the next day. If it breaches the resistance level, then it could face hurdle at second resistance...

Ignored

All good.. but standard font size please.. thanks..

Stay Green

Focus only on what truly matters!

#30,384
Jul 26, 2018 2:15am Jul 26, 2018 2:15am

hdlSA
Joined May 2018 | Status: Trader | 270 Posts

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Trade it as it lies

#30,385
Jul 26, 2018 2:15am Jul 26, 2018 2:15am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Quoting EmmeLegend

Disliked

{quote} Hi ATA. I'm trying to understand but I can not find the reason why 1.1717 is so important. It's a question :-)

Ignored

It is London Opening from last Monday.. Meaning this week officially opened at that level..

Stay Green

Focus only on what truly matters!

#30,386
Jul 26, 2018 2:18am Jul 26, 2018 2:18am

Floryn
| Joined Jul 2018 | Status: Trader | 167 Posts

Out also, 21 pips

, early, this patience hmm...

#30,387
Jul 26, 2018 2:20am Jul 26, 2018 2:20am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Quoting SallyB

Disliked

{quote} Out at 1.17128

Ignored

I see you closed right after lower close.. not bad.. but I prefer to set SL just above high of the candle and let myself stopped out.. next time try that one.. for this one you would be still in the trade

I am guessing bears are targeting yesterday's LO level: 1.1697 area..

Meanwhile I still can't draw a RED trendline to check trend slope.. so still waiting for upcoming swing highs..

Stay Green

Focus only on what truly matters!

#30,388
Jul 26, 2018 2:21am Jul 26, 2018 2:21am

TudorIoan
Joined Dec 2015 | Status: Trader | 14,257 Posts

Quoting TudorIoan

Disliked

Very easy, simple, classic, Fibo, M15 analysis. Resistance: - 1743 (Today's High) - 1750 (Monday's High) Support: - 1722... eye lvl. - 1710-15 zone (38.2% Fibo retracement+Tue-Wed Highs) Good luck, scalpers! {image}

Ignored

Nice break downwards!

My apologies, folks! In my view there were enough reasons to consider the 1710 - 1715 zone as a strong intraday support...
It looks like I was wrong, sorry!

Member

#30,389
Jul 26, 2018 2:22am Jul 26, 2018 2:22am

kmic14
| Joined Mar 2013 | Status: Trader | 414 Posts

HI all.
Fasten your seat belts, today will be a long ride

In my view we will broke the down blue trend line.(and we go in 1W TF to the lVl 61.8 of Fibo.
Good lock all.

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#30,390
Jul 26, 2018 2:27am Jul 26, 2018 2:27am

Islander
Joined Jan 2007 | Status: Trader | 11,838 Posts

Quoting coolmakina

Disliked

{quote} Is there any other way of trading? LOL

Ignored

I think that Ata shows that there is and thanks to his input, I now use trendlines on bodies

My M5 chart shows this morning's action.

For those who are interested in my simplified use of VSA, I have posted more information in my old thread with Medici.

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Trading Levels with WRBs

#30,391
Jul 26, 2018 2:28am Jul 26, 2018 2:28am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Adding to buy position at 1.1705

yes yes yes

#30,392
Edited 2:47am Jul 26, 2018 2:36am | Edited 2:47am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

M15 Status Update

We arrived at supportive area: 1.17067 (Nearest previous buy zone)

If this holds we might see some retracement.. I still have no RED trendline to see slope of trend.. therefore I use the clone of previous red TL for now.. more waiting..

Meanwhile: Closed short trade manually at 1.1710.. +24 pips cached in..

Stay Green

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Focus only on what truly matters!

#30,393
Edited 2:59am Jul 26, 2018 2:47am | Edited 2:59am

okshop
Joined Mar 2017 | Status: Impeccable | 2,829 Posts

Quoting okshop

Disliked

{quote} H4 chart update {image} {image}

Ignored

EU H4 news time soon

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Self discipline It is a practice

#30,394
Jul 26, 2018 2:49am Jul 26, 2018 2:49am

post
Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts

Quoting Ata-Turkoglu

Disliked

M15 Status Update We arrived at supportive area: 1.17067 (Nearest previous buy zone) If this holds we might see some retracement.. I still have no RED trendline to see slope of trend.. therefore I use the clone of previous red TL for now.. more waiting.. Meanwhile: Closed short trade manually at 1.1710.. +24 pips cached in.. Stay Green {image}

Ignored

LOL I closed at 1.1711, now waiting game

Trades technical moves enforced by fundamentals

#30,395
Jul 26, 2018 2:50am Jul 26, 2018 2:50am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Today Draghi might surprise us.. just thinking out loud.. dragging EURUSD up instead of down..

Stay Green

Focus only on what truly matters!

#30,396
Jul 26, 2018 2:51am Jul 26, 2018 2:51am

post
Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts

Quoting Ata-Turkoglu

Disliked

Today Draghi might surprise us.. just thinking out loud.. dragging EURUSD up instead of down.. Stay Green

Ignored

Yep , Analysts are saying ECB might start thinking like BOJ, well EU will fly then :

Trades technical moves enforced by fundamentals

#30,397
Jul 26, 2018 2:53am Jul 26, 2018 2:53am

Floryn
| Joined Jul 2018 | Status: Trader | 167 Posts

Is there a pincers pattern on M15 which means the beginning of a bullish trend?

ATA, do you consider that a breakout of the red TL is a confirmation?

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#30,398
Jul 26, 2018 2:57am Jul 26, 2018 2:57am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Quoting Floryn

Disliked

Is there a pincers pattern on M15 which means the beginning of a bullish trend? ATA, do you consider that a breakout of the red line is a confirmation? {image}

Ignored

Good question... Yes the break of thick RED TL on your chart would be a nice early signal and I would wait for a retrace back to it before I buy because I would expect the thin RED line to resist so I need space to run away if bears come back fast..

Stay Green

Focus only on what truly matters!

#30,399
Jul 26, 2018 2:57am Jul 26, 2018 2:57am

Not-KPMG
Joined Jun 2015 | Status: Trader | 14,961 Posts

Quoting Moty

Disliked

Adding to buy position at 1.1705

Ignored

I'd wait.
The chart is pretty obvious. I mean big sell coming.

1. spike up. Always fake pre-news.
2. Draghi often negative.
3.Triangle!!!

I'd wait.

Be safe.

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Beware of robber banks (RB), bad advisors.

#30,400
Jul 26, 2018 3:00am Jul 26, 2018 3:00am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,152 Posts | Online Now

Quoting post

Disliked

{quote} Yep , Analysts are saying ECB might start thinking like BOJ, well EU will fly then :

Ignored

My MONTHLY resistance sits at 1.1742.. give it +20, -20 pips.. so today it will be all about answering "are we staying below this level or are we pushing this beast up and above where sky is the limit?".. time will show..

Stay Green

Focus only on what truly matters!