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  • #72,601
  • Jan 11, 2019 9:23am Jan 11, 2019 9:23am
Next week I expect the price to go up until around 1.153-1.155, then fall.
  • #72,602
  • Jan 11, 2019 9:24am Jan 11, 2019 9:24am
Quoting emicovi
This was probably the worst week of my life. Since 3 days I had some sell positions on eurusd starting from 1.1331. Price ketp going up and I got margin call today. Lost about 1k. I had only left few sell positions from today’s high and lucky eur dropped like a stone. With the positions I opened this morning I closed everything and I save all my deposits. So I was about to loose 2700€. But at the end I lost only all the profits I made since November so now thanks to god I’m just breakeven. I learned few things from this experience. 1: never ever...
Have a good weekend and trade safe. We all been there. We learn and not repeat the mistakes from the past. You will make good money trading forex.
  • #72,603
  • Jan 11, 2019 9:25am Jan 11, 2019 9:25am
Quoting emicovi
This was probably the worst week of my life. Since 3 days I had some sell positions on eurusd starting from 1.1331. Price ketp going up and I got margin call today. Lost about 1k. I had only left few sell positions from today’s high and lucky eur dropped like a stone. With the positions I opened this morning I closed everything and I save all my deposits. So I was about to loose 2700€. But at the end I lost only all the profits I made since November so now thanks to god I’m just breakeven. I learned few things from this experience. 1: never ever...
Take the weekend count your blessings thats all you lost ,,,, assess,, dukes up,,,, improvise adapt overcome next week ,, what ever you was looking at or doing aint working
  • #72,604
  • Jan 11, 2019 9:34am Jan 11, 2019 9:34am
Quoting Mitiblotch
{quote} That's the plan. I feel so angry to have missed this short. I really wanted 1.1550 for this short. It happened so fast.
Hey Miti, yearly R1 was at 1.1530 worth a shot anytime anyday
  • #72,605
  • Jan 11, 2019 9:40am Jan 11, 2019 9:40am
Quoting kayikayi
{quote} Hey Miti, yearly R1 was at 1.1530 worth a shot anytime anyday
Very true. But you know EU the day it shot up it didn't remember 1.1530 was significant. Heck, it even broke 1.1560 with ease. I indeed messed up this one.
  • #72,606
  • Jan 11, 2019 9:43am Jan 11, 2019 9:43am
Quoting okshop
If h1 get Tag and price maintain above 1.15313 this will yield 1.16057 (+- intraday Level 4 & h4 projection) BEARS FOR below 1.15313 or fade at 1.16057+- Currently H1 bull still need to Tag 1.1536 they are still zzZZZzzz Bears have the field now TGIF GL
BACK TO SQUARE 1 omg TGIF
p/s bulls could not closed aboved 1.1536. they got no viagra 2 day
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Self discipline It is a practice
  • #72,607
  • Jan 11, 2019 9:45am Jan 11, 2019 9:45am
Quoting SteFX85
{image} Lost count, (C) done? or more complex correction... Time to rethink OR Burn it? {image}
Market cycles book?
Don't believe me just watch!
  • #72,608
  • Jan 11, 2019 9:46am Jan 11, 2019 9:46am
Well, everyone can be mistaken and I am not an exception. But the knowledge I have that allows me to say that this is not the beginning of a fall.
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  • #72,609
  • Jan 11, 2019 9:53am Jan 11, 2019 9:53am
I am done today. Enjoy the weekend everybody.
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Always trade your own plan...I don't provide trading signals.
  • #72,610
  • Jan 11, 2019 9:54am Jan 11, 2019 9:54am
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Patterns have an underlying mathematical structure.
  • #72,611
  • Jan 11, 2019 9:54am Jan 11, 2019 9:54am
Quoting Leodavinci
Well, everyone can be mistaken and I am not an exception. But the knowledge I have that allows me to say that this is not the beginning of a fall. {image}
My instincts agree with you. Based on my charts from yesterday this is one leg to 1.1465, next leg would be back at 1.1570.

But, Im a newbie. If I am sticking to the simple elements. That is what I saw from a technical perspective. :-)
  • #72,612
  • Jan 11, 2019 9:56am Jan 11, 2019 9:56am
For anyone that is strapped for time and would like a view that draws in SR's. I found the below on the following thread: https://www.forexfactory.com/showthread.php?t=577639

To view whilst mobile I created a virtual server on AWS using Windows server 2012. You can access the server remotely through any RDP session client and you are well within the 1 year limit. Once a year is up create a new account with a new email and off you go again. Its a nice clean interface. Its a shame I didn't review it before I put my losing trades in yesterday and this morning! Lesson learnt. Enjoy and keep sane whilst trading.
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Take 1 step forward, two small steps back
  • #72,613
  • Jan 11, 2019 9:59am Jan 11, 2019 9:59am
More downward movement possible. Sold 1.1475 target 1.1250
  • #72,614
  • Jan 11, 2019 10:01am Jan 11, 2019 10:01am
Quoting Mitiblotch
{quote} Very true. But you know EU the day it shot up it didn't remember 1.1530 was significant. Heck, it even broke 1.1560 with ease. I indeed messed up this one.

Ok that is why I like elliot wave with levels.

So if this is a retracement for the whole move (from 1.1306), the first ab=cd (1.1570 to 1.1518 to 11486) is not enough..it barely tags the 236 fib.

We need to tag 382 minimum. So price retraces the ab=cd move to 618 fib, what significant levels are in the area? Daily Pivot and Yearly R1. what does price do? stalls in between for few hours, if one was biased to the downside, a sell at the tag of R1 with a decent SL should seal the deal for today's trade.

Furthermore....382 coincides with Daily S1, worth a shot again, logical buy even more so that that level would constitute a bigger AB=CD.

still quick and nimble because this is a correction and god only knows what pattern it would form when all is said and done, but take shots at segments of it when it makes sense.

Per Diggz concepts, Yearly R1 got pierced with no mercy on the way up, then price came back down to it and pierced it in the opposite direction, today it tagged it from below to continue more down. Many traders call that Break, Hook and Go. you break the level, hook back to it then continue in the original direction BHG. Diggs's lingo: shoulders.

Miti, in my humble opinion you are stellar at detecting significant levels where price will react, the only time you struggle is in consolidations/corrections, in other words in flats per elliot lingo. Focus on that for couple weeks, it will pay off nicely.

if you are on the sideline, it is a win too. Eng cherishes capital preservation....
  • #72,615
  • Jan 11, 2019 10:03am Jan 11, 2019 10:03am
Quoting post
Good Morning my friends! Awful data from EU again.... not a good sign for bulls.... a better than expected reading on US CPI could tank the EU again... on small short: 1.1529.5, SL: 1.1572, TP1: 1.1486, TP2: Open ( RED US CPI .. will close manually) Trade safe Pals! Happy Trading

Ok Cashed out TP2 at 1.1470 though I think she could go down more...

Have a nice weekend guys

Happy Trading.
Trades technical moves enforced by fundamentals
  • #72,616
  • Jan 11, 2019 10:05am Jan 11, 2019 10:05am
Quoting kayikayi
{quote} Ok that is why I like elliot wave with levels. So if this is a retracement for the whole move (from 1.1306), the first ab=cd (1.1570 to 1.1518 to 11486) is not enough..it barely tags the 236 fib. We need to tag 382 minimum. So price retraces the ab=cd move to 618 fib, what significant levels are in the area? Daily Pivot and Yearly R1. what does price do? stalls in between for few hours, if one was biased to the downside, a sell at the tag of R1 with a decent SL should seal the deal for today's trade. Furthermore....382 coincides with Daily...
Thanks a lot. I appreciate your wise words. I'll keep learning.
  • #72,617
  • Jan 11, 2019 10:11am Jan 11, 2019 10:11am
H1 Status Update

I still keep my 2 shorts running. The weekly poke through S/R area is still calming down. We are back at square one after a round trip.

Based on H1 chart below, we will see bear pressure near 1.1505 area and it is best to wait for a BLUE TL breakout and especially price to drop below 1.1470 weekly crucial support level before shorting. No rush!

Stay Green
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Focus only on what truly matters!
  • #72,618
  • Jan 11, 2019 10:12am Jan 11, 2019 10:12am
Quoting DrBeercan
For anyone that is strapped for time and would like a view that draws in SR's. I found the below on the following thread: https://www.forexfactory.com/showthread.php?t=577639 To view whilst mobile I created a virtual server on AWS using Windows server 2012. You can access the server remotely through any RDP session client and you are well within the 1 year limit. Once a year is up create a new account with a new email and off you go again. Its a nice clean interface. Its a shame I didn't review it before I put my losing trades in yesterday...
DrBeer,
I am missing something..the thread is about the system you use to trade. Is the S&R indicator within that system or separate. I am only interested in the S&R part.
thank you!
  • #72,619
  • Jan 11, 2019 10:13am Jan 11, 2019 10:13am
Quoting LCForex
{quote} Market cycles book?
Any suggestions?
What's that smell? ---- I smell money!
  • #72,620
  • Jan 11, 2019 10:25am Jan 11, 2019 10:25am
Quoting kayikayi
{quote} Ok that is why I like elliot wave with levels. So if this is a retracement for the whole move (from 1.1306), the first ab=cd (1.1570 to 1.1518 to 11486) is not enough..it barely tags the 236 fib. We need to tag 382 minimum. So price retraces the ab=cd move to 618 fib, what significant levels are in the area? Daily Pivot and Yearly R1. what does price do? stalls in between for few hours, if one was biased to the downside, a sell at the tag of R1 with a decent SL should seal the deal for today's trade. Furthermore....382 coincides with Daily...
lol,, I think you just lost an oar in the water and you are trying to get back and get it
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