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  • #56,101
  • Oct 27, 2018 12:54pm Oct 27, 2018 12:54pm
keeping it simple:
Day has made LH-LL and is in short mode until LH is broken

H4 LH has been broken and so it is no longer in agreement with the Day trend.

I dont try to predict. Let price decide.
Until H4 agrees with Day or Day turns to the new H4 move, there is no trend imo.....
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in wondering about yourself, you forgot what you came here to be part of
  • #56,102
  • Oct 27, 2018 1:04pm Oct 27, 2018 1:04pm
Quoting knkie
keeping it simple: Day has made LH-LL and is in short mode until LH is broken H4 LH has been broken and so it is no longer in agreement with the Day trend. I dont try to predict. Let price decide. Until H4 agrees with Day or Day turns to the new H4 move, there is no trend imo..... {image}

we can say that Daily trend is down but the up H4 trend tell us that we are doing the lower high of the daily trend
  • #56,103
  • Oct 27, 2018 1:11pm Oct 27, 2018 1:11pm
Quoting 4experience
{quote} we can say that Daily trend is down but the up H4 trend tell us that we are doing the lower high of the daily trend
maybe. probably....
I cant tell the future.
We shall see....
Price decides. Everything else is speculation.
in wondering about yourself, you forgot what you came here to be part of
  • #56,104
  • Oct 27, 2018 1:13pm Oct 27, 2018 1:13pm
Quoting Ata-Turkoglu
{quote} Amazing effort bro. Thanks a lot for your great input. Highly appreciated and great respect! Stay Green
Glad I can be a part of this very nice thread ata, great job!

Grtz
What's that smell? ---- I smell money!
  • #56,105
  • Oct 27, 2018 1:56pm Oct 27, 2018 1:56pm
Quoting Ata-Turkoglu
H1 Trading Plan for Next Week As long as H1 candles don't close above 1.1453 my overall bearish bias stays. Therefore I will start to look for sell opportunities once I see clear bull weakness near to or right at that level. However, if I see an H1 candle close above 1.1453, I still would try to look for sell opportunities (short-term) but I mainly would start to look for buy opportunities as soon as I see bears hassling but not succeeding for a new lower low. My two cents. Stay Green
Thanks Ata you reeal kind nd help full ayy God bless you Brother!
  • #56,106
  • Oct 27, 2018 2:13pm Oct 27, 2018 2:13pm
Quoting bill1985
Wasn't expecting this move higher today after GDP oh well my stops are 1460 still got hope for lower
Pull backs are always a possibility especially on week closing day. I do not know of your entry point but your stop loss seems marginally reasonable. Hopefully, you will be able to close your trade in profit on coming Monday/Tuesday as I am bearish as well for EURUSD in short-term to long-term. Although nearest target seems 1.1310 but if 1.1300 is broken then I expect a sharp free fall.
  • #56,107
  • Edited 2:57pm Oct 27, 2018 2:42pm | Edited 2:57pm
Quoting volforex
Daily long term analysis.yellow arrows is actual entry on daily chart .Based on divergence .now on Monday is great chance to BUY. {image}
Well as per my opinion, entering into buy on Monday for daily long-term may be too early to predict until the price action shows clear upside intent by breaking at least 2 resistances at 1.1431 and then at 1.1555. Selling the pair around 1.1430 with stop loss at 1.1480 for short & long-term and treating area between 1.1480 ~ 1.1555 as no trade zone until clarity of direction seems a better choice to me.
  • #56,108
  • Edited 2:24am Oct 28, 2018 2:11am | Edited 2:24am
busy last 2 days with sudden one exam matter by 2 day's notice so just a brief check up of levels probable next day open/exam day due some trades kept open .with correction to target 1432 remain intact , for first signal 1438 to next support test 1451 & 1457.2nd signal 1490 around or support 1.1500 still possible by this month end. double bottom in situ now weekly,ma 200 still support , the symmetries for fun though distorted still can work. ok correct down at open to 1390/78 .Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #56,109
  • Oct 28, 2018 6:24am Oct 28, 2018 6:24am
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  • #56,110
  • Oct 28, 2018 8:37am Oct 28, 2018 8:37am
I think price still needs to test 1.130 bottom if it is to go significantly higher.

If you look at the last few weeks, what has typically happened on Monday was that the price (might) spike counter-trend around Frankfurt open, but continues trend after LO has commenced. Thus, a likely scenario is that it goes up to 1.143 or even 1.147 and then continues trend down.

If you look at the daily, the trendline downwards allows it to rally all the way to 1.151 before going down again. This is also possible.

I wouldn't take any large or serious trades until post-LO Monday. No expectations of asia to do anything, and could go either way.

Coming week is NFP week and end of month, so I expect craziness and nothing is off the table, we could see both 1.150 and 1.130 in the same week.
  • #56,111
  • Oct 28, 2018 9:26am Oct 28, 2018 9:26am
Quoting Mourad
{image}
I agree, and i believe we are gonna be testing the baseline trendline at around 1.14660 from below - if i see failure i will most likely go short.
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  • #56,112
  • Oct 28, 2018 10:55am Oct 28, 2018 10:55am
Quoting Starcraftmaz
I think price still needs to test 1.130 bottom if it is to go significantly higher. If you look at the last few weeks, what has typically happened on Monday was that the price (might) spike counter-trend around Frankfurt open, but continues trend after LO has commenced. Thus, a likely scenario is that it goes up to 1.143 or even 1.147 and then continues trend down. If you look at the daily, the trendline downwards allows it to rally all the way to 1.151 before going down again. This is also possible. I wouldn't take any large or serious trades until...
anything may come up , just kill them all & come back alone , as did in the past possible in future also !! if a double top can , may do the same d bottom in the weekly .just take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #56,113
  • Oct 28, 2018 11:08am Oct 28, 2018 11:08am
I was planning to make a lengthy writeup with plenty of charts, then i thought and thought and thought ......

hell market keep changing and nothing can be predicted, so why bother

i am still thinking ........
  • #56,114
  • Oct 28, 2018 11:16am Oct 28, 2018 11:16am
Quoting PatienceFx
I was planning to make a lengthy writeup with plenty of charts, then i thought and thought and thought ...... hell market keep changing and nothing can be predicted, so why bother i am still thinking ........
The whole point is that there is no prediction to it, it's a system based on rules to put the probabilities in our favor.
These are the only kind of useless posts I saw you make in the last couple of years.

Grtz
What's that smell? ---- I smell money!
  • #56,115
  • Oct 28, 2018 11:23am Oct 28, 2018 11:23am
Quoting SteFX85
{quote} The whole point is that there is no prediction to it, it's a system based on rules to put the probabilities in our favor. These are the only kind of useless posts I saw you make in the last couple of years. Grtz
h4 n up is purely bearish, just a freak news on friday caused a minor bullish ripple , not going to change anything next week
  • #56,116
  • Oct 28, 2018 11:43am Oct 28, 2018 11:43am
Quoting SteFX85
{quote} The whole point is that there is no prediction to it, it's a system based on rules to put the probabilities in our favor. These are the only kind of useless posts I saw you make in the last couple of years. Grtz
and anyways i did not target you when i made my post, infact no one
  • #56,117
  • Oct 28, 2018 11:50am Oct 28, 2018 11:50am
Quoting SteFX85
{quote} Just as I was saying.. Don't know where you read I said the trend was up, the only thing I said is that the probability remains on the downside even after price is above the LWMA line.. Isn't that in line with you bearish prediction ? A high momentum upmove with a break of the previous high however would make me think about trying to buy breakouts. Grtz
Yupz, we dont know what will happen tomorrow. Trading is all about probabilities. I dont know tomorrow will be up or down. I just wait a signal to entry. Now, i dont want to predict up or down. It make me to loss objectivity. First looking for your setup, if your setup not confirm, you should try another options. For me small time frame is the best cause i just need little pips.
Sorry bad english.
  • #56,118
  • Oct 28, 2018 12:47pm Oct 28, 2018 12:47pm
On Daily: ABCD completed and reached Potential Reversal Zone

Possible entry LONG over .1424 SL .1335 Tp1 .1512....stay tuned
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  • #56,119
  • Oct 28, 2018 12:48pm Oct 28, 2018 12:48pm
Quoting SteFX85
{quote} Truth, it all depends on your trading style. If you want to wait for a flag or triangle setup and trade the breakout or something that's very ok. I like a system with a lot of opportunities, everyone will have SOME point where they decide to not go short anymore and start buying.. I'm very interested in peoples views about that, if it's only a level and an engulfing candle and if that works for you that's very fine. Grtz
I always enjoy your posts ,, I will say the mkts are not as random as one may think tho ,, there is an order to what appears as chaos ,,, I attribute it too the human side of the mkt ,,even with all the algos ,, I believe some jr traders has specific directions of when to simply hit the switch to turn algos on or off and that will depend on what levels it is around, or maybe time of day ,, at the banks or large trading firms ,, thats just me lol. , The human side ,, back in the day raining in Chicago the grain mkts would be down ,, shitty day leads to listless trading to start because floor traders in a blah mood ,, took a couple hours to get out of the doldrums with the action on the trading floor . Same principle today,, sure there is a lot of traders that get to work that just aint in the mood to go full bore company 1st charging style ,, takes a few trips to the water cooler or whatever to get in the mood or a glance at the clock and the holy shit I better get something done today to get moving then its ,,, what level is it at and what orders do I have to deal with today for what customers.. Any rate the ole heavily preached top down approach using what ,, the good ole 200 ave ,,,, monthly the break out of 2 year range highs with a failure at a chart res point and the monthly 200 ,,, then a poke back thru and a failure to hold the weekly 200 and the daily 200 both ,,,,,,, bottom up approach with hourly ,, still below the m30 200 and a hourly 200 along with all the others pointed out on charts below. Only one its above is the 49 hourly Lwa ( M15 200) ,,, atm viewing the m30 and hourly as res ,, gets above and then it would be above all those weekly low areas around the 1435 to 1450 level ,, then maybe some more topside ,,, not until . Then its just using what happens on any given day and looking at the LEVELS to have a clue on what one must do in the here and now picture to make a few shekels ,,,any rate ,,, wishing all a great green week, cheers all
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  • #56,120
  • Oct 28, 2018 12:58pm Oct 28, 2018 12:58pm
Quoting digger1
{quote} I always enjoy your posts ,, I will say the mkts are not as random as one may think tho ,, there is an order to what appears as chaos ,,, I attribute it too the human side of the mkt ,,even with all the algos ,, I believe some jr traders has specific directions of when to simply hit the switch to turn algos on or off and that will depend on what levels it is around, or maybe time of day ,, at the banks or large trading firms ,, thats just me lol. , The human side ,, back in the day raining in Chicago the grain mkts would be down ,, shitty...
Thanks dig,

Imo, everyone has his own opinion about how a market works. I think there is some randmness but there are clear patterns and as you stated so many times.. LEVELS!
The importance here is to not treat a level or a setup as a holy grail and use confirmation only to get in a trade, preferably in the direction of the main trend.

The question I asked myself is, how do you define when a new trend is in play? You'll want to catch it early, but not too early. A rule based apporoach and sticking to those rules seem to be the best idea.

If there's one thing I learned from you my good friend, is to keep a good eye on these levels. It's always there where price is heading what offcourse doesn't mean it will reverse there.

Grtz
What's that smell? ---- I smell money!
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