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  • #1,149,921
  • Feb 15, 2019 1:01pm Feb 15, 2019 1:01pm
I added short 1.1298 and moved all my stops to a hard stop 1.1350 .. now i will do nothing but to watch the market whether to reap the fruits or to get stopped out .
  • #1,149,922
  • Feb 15, 2019 1:02pm Feb 15, 2019 1:02pm
Excuse me! Something happen?
Don't believe me just watch!
  • #1,149,923
  • Feb 15, 2019 1:03pm Feb 15, 2019 1:03pm
Quoting LCForex
4H chart {image} Equal legs is 1.1234. Nice Div. If this wants to keep the wedgy form this must continue down with all new low diverging. 1H chart {image} 5 waves down. As wave 3 is too long I expect wave 5 short. So I am going to use wave 5 of 3 to project last 5. Din Din Din!!! We got a winner 1.1248. 15min chart {image} We got a problem here. I need more Div. So I could see this as a 5 or 7 waves down and I need one more down either way. So easy pullback to 1.1267/80 zone and then down to 1.1233/42 There you go!
Told You!
Don't believe me just watch!
  • #1,149,924
  • Edited 1:32pm Feb 15, 2019 1:09pm | Edited 1:32pm
Quoting khalid33
I added short 1.1298 and moved all my stops to a hard stop 1.1350 .. now i will do nothing but to watch the market whether to reap the fruits or to get stopped out .
Take some step by step if get some today as 1.1279 more than likely,1284 breaks to limit 1276) before next up. Ok go.targeting myself 1289ss mostly likely go for 1922+tonight.

Some other levels wrote my mistake target 1.2850 for gu actually. So corrected here.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,149,925
  • Feb 15, 2019 1:15pm Feb 15, 2019 1:15pm
Quoting khalid33
I added short 1.1298 and moved all my stops to a hard stop 1.1350 .. now i will do nothing but to watch the market whether to reap the fruits or to get stopped out .
Probably going to 1.1330 tonight. More on monday and then they will remember Daily trend is still down.
  • #1,149,926
  • Feb 15, 2019 1:30pm Feb 15, 2019 1:30pm
Quoting Stillearnin
{quote} Probably going to 1.1330 tonight. More on monday and then they will remember Daily trend is still down.
I agree but 1.1330 is a bit far for tonight , i believe euro should close below 1.1288
  • #1,149,927
  • Feb 15, 2019 1:31pm Feb 15, 2019 1:31pm
many are waiting for this couple to fall.
But why?
  • #1,149,928
  • Feb 15, 2019 1:47pm Feb 15, 2019 1:47pm
i'm long 1.1276 and stick to it.
tp 1.1402
  • #1,149,929
  • Feb 15, 2019 1:56pm Feb 15, 2019 1:56pm
Quoting tiborf71
i'm long 1.1276 and stick to it. tp 1.1402
Nice trade bro and if u have stop at B/E it would be a perfect trade .
  • #1,149,930
  • Feb 15, 2019 2:02pm Feb 15, 2019 2:02pm
I can even imagine an unexpected northern outbreak.
it's only a matter of time.
  • #1,149,931
  • Feb 15, 2019 2:36pm Feb 15, 2019 2:36pm
there is a saying that goes : " money doesn't come from the market, it comes from you'' .. have a wonderful weekend you all .
  • #1,149,932
  • Edited 3:14pm Feb 15, 2019 2:56pm | Edited 3:14pm
Quoting tiborf71
I can even imagine an unexpected northern outbreak. it's only a matter of time.
Anything can happen but time there play bottom formation. If my plan worked the violent bull should have started and 1400 get today. Anyway weekly not closing below 1.1267and at over 1214 actualy not good for all out bull start, solid close to start the bull expected. At least daily closed yesterday and be enough with supporting long leg doji daily /weekly. Not even the first level of signal 1309 not broken. Lets see how far next week. Happy weekend.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,149,933
  • Feb 15, 2019 7:32pm Feb 15, 2019 7:32pm
Encyclopedia of chart patterns is a very good read. My mentor-my grandfather had me read this in 2008 and memorize a few patterns.
Accordingly the next 6 bars on daily chart should end in red 50-100 pips. That gives us a target of 1200. If no other pattern shows up in this time, count another 100 pips down. But in the next 6 bars, a reversal chart pattern shows up, then the market prepares to move north. Therefore the next week is paramount for direction.

The current pattern ending on Friday points south. I will trade the OPENING 3RD BAR on a 4 hour chart on Monday. Buy or sell? Likely SELL.

Keep in mind, Chart trading have their own limitations as well. A lot of conditions to be fulfilled before a success is determined.

Good luck trading next week!

Chao.
Just retired from University
  • #1,149,934
  • Feb 15, 2019 8:03pm Feb 15, 2019 8:03pm
Quoting TudorIoan
{quote} Roller coaster also means bad possible moves for the bulls as well ...where are those people coming from?!
people came too quick than i said ,,, lol
  • #1,149,935
  • Feb 15, 2019 11:21pm Feb 15, 2019 11:21pm
Quoting Miracleforex
Encyclopedia of chart patterns is a very good read. My mentor-my grandfather had me read this in 2008 and memorize a few patterns. Accordingly the next 6 bars on daily chart should end in red 50-100 pips. That gives us a target of 1200. If no other pattern shows up in this time, count another 100 pips down. But in the next 6 bars, a reversal chart pattern shows up, then the market prepares to move north. Therefore the next week is paramount for direction. The current pattern ending on Friday points south. I will trade the OPENING 3RD BAR on a 4...
wow. encyclopedia of chart patterns ?

so next week the big trend is sell ? thank you very much for the hint
  • #1,149,936
  • Feb 15, 2019 11:30pm Feb 15, 2019 11:30pm
monday is us banks holiday.. trade safe or no trade..

but i'd prefer no trade.. ranging market or sudden moves by the whales creeps me out..
  • #1,149,937
  • Feb 16, 2019 3:30am Feb 16, 2019 3:30am
RSI2 Spin

AI of market direction, recognizing changes and on time.
  • #1,149,938
  • Feb 16, 2019 4:20am Feb 16, 2019 4:20am
Quoting macdulio
RSI2 Spin AI of market direction, recognizing changes and on time.
AI ? do you mean EA or set of indicator & template ?

it seams complicated

btw amazing indicator work at the blog.. are you a programmer ?
  • #1,149,939
  • Feb 16, 2019 6:53am Feb 16, 2019 6:53am
I refer to the complexity of figuring a direction, that could be deemed as artificial intelligence, I enter a lot of premises that would exceed the human minds capability to make binary decision about.

You could make EAs out of the logic, but they may be late by 30 minutes, for they need settled values, otherwise you might get false triggers.

This is an indicator for now, and not yet complete, for it is only aligned with Embedded oversold and counter trending conditions.

I program when there is no way around it
  • #1,149,940
  • Feb 16, 2019 8:41am Feb 16, 2019 8:41am
currently look forward to rising.
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