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  • #61,881
  • Nov 21, 2018 8:39am Nov 21, 2018 8:39am
Quoting knkie
{quote} i think you have said that for weeks now
Drop of 50 pips is still a drop
yes yes yes
  • #61,882
  • Nov 21, 2018 8:39am Nov 21, 2018 8:39am
Quoting kayikayi
{quote} Miti...there is always an explanation to what happens in the chart. When you feel it is non sensical price action...just admit you don't have the tools or the knowledge to tackle that situation. For example: when in a consolidation like we are right now...30pips stop loss will be taken out. You only scalp in consolidations. the mid term position we can take will come after these oscillations are done. I don't know what your style of trading is..but look into consolidations/corrections by Elliot Prechter and you won't be surprised or frustrated...
Thank you. I appreciate your kind words.
  • #61,883
  • Nov 21, 2018 8:41am Nov 21, 2018 8:41am
Quoting Ata-Turkoglu
{quote} When looking at my H1 chart, I conclude that as long as no H1 close below 1.14045 bulls don't need to panic. Stay Green
20 minutes, i hope someone get panic.
  • #61,884
  • Nov 21, 2018 8:43am Nov 21, 2018 8:43am
Quoting Moty
{quote} The drop is coming my friend. In an half f an hour Eu + dx h1
That dollar chart looks like it will consolidate and drop further. Anytime you see it drop and hover over a moving average be ready for it to drop and cut thru the moving average. Opposite is true if moving up and hovering below moving average.
  • #61,885
  • Nov 21, 2018 8:45am Nov 21, 2018 8:45am
I can`t help thinking we are all just groping around in the dark at the moment.
  • #61,886
  • Nov 21, 2018 8:46am Nov 21, 2018 8:46am
Quoting gatenio
{quote} 20 minutes, i hope someone get panic.
Yeah, waiting for current H1 candle to close. 15 minutes left

Stay Green
Focus only on what truly matters!
  • #61,887
  • Nov 21, 2018 8:48am Nov 21, 2018 8:48am
Quoting knkie
Ok one more long @ 1.1406
ahh I have longs at 1.1405, 1.1400 and one more pending 1.1395 (which hopefully isn’t triggered this close to the end of the hour lol). Good luck!
You hesitate, you masturbate.
  • #61,888
  • Nov 21, 2018 8:51am Nov 21, 2018 8:51am
Quoting engweijie
{quote} ahh I have longs at 1.1405, 1.1400 and one more pending 1.1395 (which hopefully isn’t triggered this close to the end of the hour lol). Good luck!
hey !
We missed you today....

Once again you and I are online concerning price.
Good Luck to you too
in wondering about yourself, you forgot what you came here to be part of
  • #61,889
  • Nov 21, 2018 8:52am Nov 21, 2018 8:52am
Quoting gatenio
{quote} ok. agree.. but i didn't saw any drop.. i respect your opinion. i just collect opinןons and the conclusion that yesterday everyone spoke about the drop and then the correction to 1.142XXX and no one talk about it today, and this is exactly what happening.
Let's answer like this:
Long- 1,1402
SL-15 pips
TP- open
  • #61,890
  • Nov 21, 2018 8:53am Nov 21, 2018 8:53am
Quoting kayikayi
{quote} Miti...there is always an explanation to what happens in the chart. When you feel it is non sensical price action...just admit you don't have the tools or the knowledge to tackle that situation. For example: when in a consolidation like we are right now...30pips stop loss will be taken out. You only scalp in consolidations. the mid term position we can take will come after these oscillations are done. I don't know what your style of trading is..but look into consolidations/corrections by Elliot Prechter and you won't be surprised...
Kayikayi,
I guess you are talking about Prechter book about elliot waves?
I did read Prechter book, but found it unhelpful because most of the illustrations are drawn only in lines. i pretty much understand the concept of wave counting but when facing a real chart, its all very different story.
do you have any advice for me?
thanks!
Ask, and it is given. Every single time, no exceptions.
  • #61,891
  • Nov 21, 2018 8:53am Nov 21, 2018 8:53am
Quoting Moty
{quote} Drop of 50 pips is still a drop
you were calling a drop while price was on a 150 pip Up Swing.
You held on to Shorts for days and now just to break even.
And guess what: price just might do its own thing again and go upward once more.

Its called Cognitive Dissonance: you remeber the 50 pip drop yo uwere correct and forget all the wrong predictions.
Evryone does this, Traders are very good at dissonance. lol

Instead of trying to magically predict, why not respond to whats really happening on the chart?

I mean this all good btw.....i wish you much succes....Hope it all works out.
in wondering about yourself, you forgot what you came here to be part of
  • #61,892
  • Nov 21, 2018 8:53am Nov 21, 2018 8:53am
Looking at the dollar chart provided Moty (thanks) and seeing the behavior of the price action, I believe this will consolidate around the 1.1405 area (10 - 15 pips range ish) Then Eur/Usd will move up. Of course it could end up doing anything but I will look for a false break lower then a fast move up and out of the range.

Going long 1.14000 TP 1.1450 SL 1.1380
  • #61,893
  • Nov 21, 2018 8:55am Nov 21, 2018 8:55am
Quoting bigiivan
{quote} Let's answer like this: Long- 1,1402 SL-15 pips TP- open
good luck borther, i'm not against you.
  • #61,894
  • Nov 21, 2018 8:55am Nov 21, 2018 8:55am
Think twice if you are opening longs while H1 candle is about to close below DASHED RED TL.. Not a good bull signal for me at all. Of course it is best to wait for the candle close. Last 5 minutes.

Edit: Anticipation wise I am already looking to sell any swing high.

Stay Green
Focus only on what truly matters!
  • #61,895
  • Nov 21, 2018 8:59am Nov 21, 2018 8:59am
H1 candle below Green line (49LWMA) & Dot line (7LWMA).
Why everybody buying
  • #61,896
  • Nov 21, 2018 9:00am Nov 21, 2018 9:00am
Quoting raju0189
H1 candle below Green line (49LWMA) & Dot line (7LWMA). Why everybody buying
maybe they know somthing we don't..
  • #61,897
  • Nov 21, 2018 9:01am Nov 21, 2018 9:01am
There was a ton of volume going in futures going into the 10am EST. was it option expiry?
  • #61,898
  • Nov 21, 2018 9:01am Nov 21, 2018 9:01am
New Sell Order: 1.1395
Lot size: x/2
SL: 20 pips
TP: Open

---Edit---
Added a 2nd short order: 1.14035
Lot size: x/2
SL: 16 pips
TP: Open

Stay Green
Focus only on what truly matters!
  • #61,899
  • Nov 21, 2018 9:02am Nov 21, 2018 9:02am
Quoting raju0189
H1 candle below Green line (49LWMA) & Dot line (7LWMA). Why everybody buying
The dollar is likely to get weaker. Follow the broad market as long as it stays positive will pressure the dollar down, tomorrow is thanks giving and friday is black friday. The powers that be will want a positive market and down dollar today.
  • #61,900
  • Nov 21, 2018 9:03am Nov 21, 2018 9:03am
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