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  • #68,101
  • Edited 1:18pm Dec 17, 2018 10:52am | Edited 1:18pm
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This pair is topping out so I shorted three times plus 2 additional order.

It tried to reach daily R1 but just didn't get there today and thinking it will drop to daily pivot.
Managing your lot size is the key
  • #68,102
  • Dec 17, 2018 10:58am Dec 17, 2018 10:58am
I don't like this PA one bit! Looking like one of those days when N.Y. will do a late pop to the upside!
  • #68,103
  • Dec 17, 2018 10:59am Dec 17, 2018 10:59am
H1 Status Update

To summarize what is happening right now here are my notes:

  1. After we saw bear pressure coming at 1.1350 area H1 candles slipped below the lower Dashed BLUE TL which already told us that bull power started to weaken.
  2. Weak bulls couldn't achieve a new RED TL breakout (at least for now), and 1.1345 level becomes a "retouch to lower Dashed BLUE TL" --> Which was good entry point for selling!
  3. Candles are still above Dashed RED TL --> which shows bull power also still in tact and therefore H1 candles are currently dancing at the 8 EMA (Red line),
  4. Remember that 1.13345 was retouch to Dashed RED TL and therefore that level still acts as support.

As a result, price is now trapped between 1.1345 and 1.1334 and ranging. What to do?

  1. You either stay bullish as long as price stays (candle's keep closing) above 1.133333 or,
  2. You keep staying bearish as long as price stays (candle's keep closing) below 1.1345

The decision is yours. My personal odds are for bulls since candles are still above the GREEN line. I will wait for a new RED TL breakout. Trade safe and good luck!

Stay Green

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #68,104
  • Dec 17, 2018 11:09am Dec 17, 2018 11:09am
Shorted 1.13436, mental SL is the day's current high.
You hesitate, you masturbate.
  • #68,105
  • Dec 17, 2018 11:13am Dec 17, 2018 11:13am
Quoting engweijie
Shorted 1.13436, mental SL is the day's current high.
ah man im just getting ready to scalp long :S
\
in wondering about yourself, you forgot what you came here to be part of
  • #68,106
  • Dec 17, 2018 11:13am Dec 17, 2018 11:13am
Quoting Mitiblotch
I don't like this PA one bit! Looking like one of those days when N.Y. will do a late pop to the upside!
possible. i will leave shorting to latecomers. i am buying.
As Above, So Below
  • #68,107
  • Dec 17, 2018 11:16am Dec 17, 2018 11:16am
im long on M5
entry 1.1341
SL 8 pips
Target: trailing by higher lows
in wondering about yourself, you forgot what you came here to be part of
  • #68,108
  • Dec 17, 2018 11:21am Dec 17, 2018 11:21am
Expecting 1331 as low and 1369 high with in two trading days
  • #68,109
  • Dec 17, 2018 11:22am Dec 17, 2018 11:22am
there is also a bullish Rootail forming on H1, but that wont be confirmed for 40 minutes
but also price is about to bump up against MA200 on H1
so
lets see
in wondering about yourself, you forgot what you came here to be part of
  • #68,110
  • Dec 17, 2018 11:23am Dec 17, 2018 11:23am
Quoting Mitiblotch
I don't like this PA one bit! Looking like one of those days when N.Y. will do a late pop to the upside!
Miti, 93% chances that one of Y's Range boundaries will be touched the next day. When you look at the chart today which one has the better chances to be touched? YH or YL?...so 1.13666 is still in play IMO.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #68,111
  • Dec 17, 2018 11:31am Dec 17, 2018 11:31am
Quoting Coreg2004
{quote} Miti, 93% chances that one of Y's Range boundaries will be touched the next day. When you look at the chart today which one has the better chances to be touched? YH or YL?...so 1.13666 is still in play IMO. {image}
Thanks a lot. I look forward to your charts and targets. That 1.136x I've been waiting for it all morning but price has been intentionally irritating. It may touch it even this night! I'm scared of shorting here. Lol..
  • #68,112
  • Dec 17, 2018 11:33am Dec 17, 2018 11:33am
Quoting knkie
{quote} ah man im just getting ready to scalp long :S \
Could go either directions 50-50 at this point to be honest. Good luck!
You hesitate, you masturbate.
  • #68,113
  • Dec 17, 2018 11:36am Dec 17, 2018 11:36am
Quoting Mitiblotch
{quote} Thanks a lot. I look forward to your charts and targets. That 1.136x I've been waiting for it all morning but price has been intentionally irritating. It may touch it even this night! I'm scared of shorting here. Lol..
i have a level im keeping an eye on at 1.1366 Week Midpoint from 2 weeks back
And then Yesterdays High at 1.1365
M30 supply levels around 1.1361

hope that confirms a bit
in wondering about yourself, you forgot what you came here to be part of
  • #68,114
  • Dec 17, 2018 11:38am Dec 17, 2018 11:38am
Quoting wasntme
{quote} no offence meant digger but instead of feeding the military maybe bringing down these numbers be better for the wellbeing of this country https://ourworldindata.org/wp-conten..._Poverty-1.png https://ourworldindata.org/income-inequality i only have that chart caus ei was arguing with some people on mirc how tariffs against china is gona hurt us more than them now with the lightening speed of info because of social media protests like the ones in france are going to spread here sooner rather than...
Not that it has anything to do with EURUSD Only, but why does your "Our World" chart not include 3rd world countries? Except Mexico and Chile? No African Countries? No Asian countres?
Ecclesiastes 1:9
  • #68,115
  • Dec 17, 2018 11:38am Dec 17, 2018 11:38am
Quoting Mitiblotch
I don't like this PA one bit! Looking like one of those days when N.Y. will do a late pop to the upside!
Already trying to happen. And then they'll leave sellers 20 pips under the water for the night. Lol
  • #68,116
  • Dec 17, 2018 11:43am Dec 17, 2018 11:43am
Quoting engweijie
{quote} Could go either directions 50-50 at this point to be honest. Good luck!
you too !
I hate being in a trade counter to you cause youre such a good trader ....
in wondering about yourself, you forgot what you came here to be part of
  • #68,117
  • Dec 17, 2018 11:46am Dec 17, 2018 11:46am
Quoting Mitiblotch
{quote} Thanks a lot. I look forward to your charts and targets. That 1.136x I've been waiting for it all morning but price has been intentionally irritating. It may touch it even this night! I'm scared of shorting here. Lol..
Miti, when I read your posts I always have the urge to advise you to open the tarot card business. You have such a feeling for the price it's hard to describe.
Always trade your own plan...I don't provide trading signals.
  • #68,118
  • Dec 17, 2018 11:46am Dec 17, 2018 11:46am
Quoting knkie
{quote} you too ! I hate being in a trade counter to you cause youre such a good trader ....
Made more bad calls in the last couple of weeks and this seems to be turning out into one of em
You hesitate, you masturbate.
  • #68,119
  • Dec 17, 2018 11:48am Dec 17, 2018 11:48am
Quoting engweijie
{quote} Made more bad calls in the last couple of weeks and this seems to be turning out into one of em
what happened..did you change something in your trade style?
or is it the vacation ?
in wondering about yourself, you forgot what you came here to be part of
  • #68,120
  • Edited 12:12pm Dec 17, 2018 11:50am | Edited 12:12pm
Quoting newbegger
Classic M pattern. I am in short now 1.1344 for .2 lots. Will update as trade moves {image}
Possible the M has morphed into a bull flag? Sitting at the triple top with London closed and holiday week so get ready for the movers to "paint the charts."

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Ecclesiastes 1:9
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