Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #77,141
- Feb 7, 2019 11:57am Feb 7, 2019 11:57am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
- #77,143
- Feb 7, 2019 12:14pm Feb 7, 2019 12:14pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #77,144
- Feb 7, 2019 12:45pm Feb 7, 2019 12:45pm
- Joined Aug 2013 | Status: Trader | 4,899 Posts
M30 break confirmed BUY 1.1352 Larger lot-risk now SL 10 pips target 20 pips
I see price testing supply and being rejected and now feebly trying to retest supply again. Seems you're buying right into resistance. Maybe I'm missing something though. Either way, good luck.
30M
Pride always comes before destruction.... -Proverbs 16:18
- #77,148
- Feb 7, 2019 1:13pm Feb 7, 2019 1:13pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #77,149
- Edited 2:36pm Feb 7, 2019 1:33pm | Edited 2:36pm
- Joined May 2015 | Status: Trader | 1,148 Posts
I start buying dips when 1.1345x holds over night and we manage to break 1.1365x else I keep selling highs.
But already got a good long entry on a momentum reversal setup and standing at B/E. (Lo-Lo)
Will keep trade running because of 1st (highest speed) TL broken.
Next stop would be 2nd TL at 1.1365x and a possible short entry.
We'll see how high it goes, but when looking at the third TL there around 1.1393x and structure that's where I would place the target for a next LH.
For me correction = 38.2% min. When higher - 61.8% I see higher probability for price continuing higher and producing NSH's.
Below I think chances for NSL's and so longer trending waves.
Still a bit early and wanting to see some daily green first, but daily is about to close as hammer already and H4 highs are broken.
Fridays also have had the tendencies of pushing prices in the other direction.
From previous LH to Current NSL (224.0%) is actually deep crab pattern so D-point.
We are also in C territory for a bigger possible butterfly pattern on H4, but I'll share that if it unfolds (when we get to 1.14xx and higher).
For now NY is pushing prices higher but london hasn't shown a bullish sign, we'll see how this fight unfolds.
Note to self
- Remember 1.1365x for possible reversals -
Grtz
I speak for myself now, it was a bad entry.
Wasn't following the system completely, but learn from it and move on. Can't win every time.
On the Lo-Lo line, look at the setup today. (Highlighted it on M15 chart with circle)
I call it the london open breakout setup.
I wasn't online so I missed it, but london opened above and then pushed price below, when price opens below in a downtrend, man that's a great entry signal with a tight s/l.
Too bad I missed this.
Grtz!
But already got a good long entry on a momentum reversal setup and standing at B/E. (Lo-Lo)
Will keep trade running because of 1st (highest speed) TL broken.
Next stop would be 2nd TL at 1.1365x and a possible short entry.
We'll see how high it goes, but when looking at the third TL there around 1.1393x and structure that's where I would place the target for a next LH.
For me correction = 38.2% min. When higher - 61.8% I see higher probability for price continuing higher and producing NSH's.
Below I think chances for NSL's and so longer trending waves.
Still a bit early and wanting to see some daily green first, but daily is about to close as hammer already and H4 highs are broken.
Fridays also have had the tendencies of pushing prices in the other direction.
From previous LH to Current NSL (224.0%) is actually deep crab pattern so D-point.
We are also in C territory for a bigger possible butterfly pattern on H4, but I'll share that if it unfolds (when we get to 1.14xx and higher).
For now NY is pushing prices higher but london hasn't shown a bullish sign, we'll see how this fight unfolds.
Note to self
- Remember 1.1365x for possible reversals -
Grtz
{quote} {quote} Hi Ata and SteFx85, Thanks for your insights and as always respect your views. I hope that all members following your way of trading have the same disciplines in place. By the way Ata, I do use your trend line analysis to determine add on entries, once direction is established and thanks for that. Take care.
Wasn't following the system completely, but learn from it and move on. Can't win every time.
On the Lo-Lo line, look at the setup today. (Highlighted it on M15 chart with circle)
I call it the london open breakout setup.
I wasn't online so I missed it, but london opened above and then pushed price below, when price opens below in a downtrend, man that's a great entry signal with a tight s/l.
Too bad I missed this.
Grtz!
What's that smell? ---- I smell money!
- #77,153
- Feb 7, 2019 2:58pm Feb 7, 2019 2:58pm
- Joined Sep 2017 | Status: Trader | 11,261 Posts | Online Now
- #77,154
- Feb 7, 2019 3:01pm Feb 7, 2019 3:01pm
- Joined May 2011 | Status: Trader | 1,577 Posts
Still no signals for me on the range trade (long) but I am now getting signal for trend trade (short). Ready to trade either way. Have sell orders in, little below 1.1400. No buy orders yet as prices keeps trending down. Waiting
Ecclesiastes 1:9
- #77,157
- Edited Feb 8, 2019 1:04am Feb 7, 2019 3:25pm | Edited Feb 8, 2019 1:04am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #77,158
- Edited 3:54pm Feb 7, 2019 3:44pm | Edited 3:54pm
- | Joined Oct 2009 | Status: Trader | 1,078 Posts
{quote} After I closed out my three short positions I waited to see if price was going to break down through short term structure, the top red zone and price did, so I opened up another short position. and went to bed. Price moved down to 1.1325. and then reversed. Kept short position open as price was going to retest previous structure. the middle green zone. Opened up two more short positions at structure, highlighted middle red zones, all three position targets are 1.1320 . The pale green zone is a wide support structure, from a higher time frame....
Don't wait for the wind, take to the oars.
- #77,159
- Feb 7, 2019 4:15pm Feb 7, 2019 4:15pm
- | Joined Oct 2009 | Status: Trader | 1,078 Posts
There is a huge battle between Bears and Bulls, on the 1 second time frame, taking place.. Federal Reserve vs ECB !
Don't wait for the wind, take to the oars.
- #77,160
- Edited 4:57pm Feb 7, 2019 4:45pm | Edited 4:57pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!