EURUSD only

the market is choppy gonna wait till i see any clear movement

If you piled in at the open you should have got yourdelf evened up or out with a profit , it may want the poke to up around 1585 ish 1600 ,,

still in profit Digs buy sell both directions and wait for price to return,

a bit of nail biting goes on sometimes,

buy usually works out

Last three hourly candles are very bullish

not with <15 pip range they aren't.

price shud retrace to 1.1610 and quite possibly to 1.1666...there was no technical reason for price to drop this far except for china and turkey imbroglio trump started. if you payed attention usd/jpy synched up with eu and that should go back up to its technical level.... unless that idiot starts tweeting

low volume baby LOL

if price can close above thursdays low its back into the range

still looks to me as just a pause before the next drop imho

Bullish looking or not , no hourly close over the daily open as of yet ,If your buying M dont do it above your averages ,,, a 12 hour ave price and Ata s 55 lwma run in about the same area , if it gets above those wait for a pullback to at least them,,,, but not really much behind it as of yet , dont get played as easily this week M

price tested 6-27 close and its not gona have enuf volume to break thru and stay below especially with no news today except for trump

forgot the chart

waiting for 1.1555 to open LONG tp 1.1575 sl 1.1549

Trying out M15 Ata system, not sure if got it right, anyway here some update, could not make more frames as have to go out
(plus volume to slow)

I think we are about to break daily low..

I belive at least in one pattern up before going down , at all

I was expecting this question will come because it is the most important part of my trading style that allows us to catch the best point for a valid trendline. Image below should explain this.

On a sidenote: Ask yourself first why are we so desperately try to draw that RED trendline in a bear trend? It is a bearish trend and price drops. Why is that sort of a trendline necessary? Many will answer: To quickly see if bulls can break it or violate it. Then we can quickly close our short trade and not give back some of our hard gained profit! Classic answer! And SO WRONG in my thinking. Let me correct this bad habit.

We draw the RED TL for one reason: TO HAVE A VALID REFERENCE PRICE FOR OUR SL THAT CAN'T EASILY STOPPED OUT SO THAT WE CAN STAY IN THE BEAR TRADE AS LONG AS WE CAN! PERIOD!

So where will I put my SL? Nowhere! We will close manually when any candle CLOSES ABOVE that RED Trendline. If you have to set a SL then at least put it somewhere above the RED TL yes but that's not the point. That's what we do only when we have to go to sleep or have external errands to run and can't check the markets from time to time anymore. On your working hours you NEVER set a REAL SOLID SL... For a "worst case scenario" protection you still can set a real SL 50 or 100 pips away. Nothing wrong with that. But during work hours your job is to check every new candle close every hour or every 4 hours or every day after market close etc.. Don't sit and watch! Just keep checking.

So.. back to the real deal: The RED TL can have many different angles when you draw it with every new swing high. Which one is the real valid one? That's why I have shared the image below. You don't need a RED TL as long as you have new LOWER CLOSINGS.. why would I be scared that market will go fully up when it keeps printing new lower closings? Why???? So... we wait until market can't print new lower closings anymore. That would mean it wants to go either sideways for a while or is preparing to go up. Now I will start looking for a place to draw my RED TL. But when? When market is done with swing highs and starts to print a new lower close or at least if we feel like it will print a new lower close. That will be your gut feeling. Somehow after all these years I just know it. And don't worry, if you drew your TL a little early it will still give you a better breakout level than any line you would draw earlier. The later you draw the better. But once you realized that you draw your TL early then as soon as you can see better angle fix it. Keep your RED TL as updated as you can.

So I hope you got the logic of the RED TL. Flip the story for the BLUE TL and Bob is your uncle.. I hope it clarifies your question.

Stay Green

you could probably draw a small TL across those m15 lows and see what is going to happen... (or likely to)

IF H4 opens below 1.15533 level I am closing my longs and go short

may test / breaks at 1.1546. bounce possible to 1.1574 to continue down for 1.1500 round # as a spike probably now . 5th wave of a last wave of the last wave can be very brief and of any shape . lets see. take every care , fontu

short @ 1.1556

sl 40 pips
tp open