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  • #98,301
  • Nov 24, 2019 12:03pm Nov 24, 2019 12:03pm
Quoting Hutch
{quote} Perfect video showing the fallacy of the RSI for the forex market although I suspect that the timing of the pair was chosen to magnify the effect of his statement.
Sure.. there will be times where it works perfectly but the point is that it will make you lose more than you gain over a long period of time..

Stay Green
Focus only on what truly matters!
  • #98,302
  • Nov 24, 2019 1:45pm Nov 24, 2019 1:45pm
I have my own trick with oscillator. But i'm using the other way around. Which is not as OB/OS. Work better in smol time frame
Don't mind me.. i'm crazy
  • #98,303
  • Nov 24, 2019 7:47pm Nov 24, 2019 7:47pm
I'll wait price back ~1.103650 or ~ 1.10500 for sell zone in this week. This is old accumulated history and may be invalid. There is not much information in the current chart at this time.

Good luck trader.
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Keep the faith and keep going
  • #98,304
  • Nov 24, 2019 10:25pm Nov 24, 2019 10:25pm
Quoting AlexanderE
{quote} What makes this pair over sold? The way I see it anything can happen. There is absolutley nothing stopping this pair from falling to test the lows of 1.0884-6
Ofcouse here nothing can be oversold or overbought..

My intend was written there. So intend of using that term... It means; oversold before consolidation to 1.1021
  • #98,305
  • Nov 24, 2019 10:59pm Nov 24, 2019 10:59pm
Quoting Ata-Turkoglu
End of Week Wave Count The million dollar questions are: Are we in a wave 2 or wave C or will price drop all the way down and break through the bottom sitting at 1.0879, and completely invalidate the wave count? But if valid, is wave 2 (or C) already complete with a simple "ABC" formation or will it be completed with one drop further along an "abcde" formation? Well.. unfortunately we have to wait and first see if this drop can find support above the low of current Wave 2 (or corrective B): 1.0989! Stay Green {image}
Hi Ata, this post perfectly sums up my current confusion. Nice chart man, good ta. I popped in looking for an Elliot chart or some other good TA to give me some clarity.
Founder of Sutherland Wave Principle
  • #98,306
  • Nov 24, 2019 11:06pm Nov 24, 2019 11:06pm
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  • #98,307
  • Nov 25, 2019 1:18am Nov 25, 2019 1:18am
Quoting Wavegarrick
Hi Guys. I have seen at least 5 members and could be more, grow from low impact to high impact members under Ata's thread. I am one of them. No denying. It is under these conditions that serious traders are allowed to grow and express their trading styles. Ata's thread gets alot of attention because of the way it is run. Thanks Ata. Forgiving is good karma and if traders are not willing to abide by it then so be it. You do not deserve to be in this thread. I have not been involved in this thread so much this past week because of personal circumstances,...
100%
This is one of the only thread I follow on this website. I have learnt so much form the likes of yourself, Ata bigivan pollen (and many more)

This thread is brilliant and as I am only 9 months into my trading I do not post much
But I read everything, once again thank you.

Hope your personal things get better for your wavegarrick
  • #98,308
  • Nov 25, 2019 1:48am Nov 25, 2019 1:48am
Quoting suthmo
{quote} Hi Ata, this post perfectly sums up my current confusion. Nice chart man, good ta. I popped in looking for an Elliot chart or some other good TA to give me some clarity.
Thanks Suthmo.. I normally don't do wave analysis but sometimes I throw in one to clarify confusion.. Good that it served you.. happy trading and best wishes..

Stay Green
Focus only on what truly matters!
  • #98,309
  • Edited 2:21am Nov 25, 2019 1:54am | Edited 2:21am
Quoting Niily
I'll wait price back ~1.103650 or ~ 1.10500 for sell zone in this week. This is old accumulated history and may be invalid. There is not much information in the current chart at this time. Good luck trader. {image}
I think similar.. it seems like especially 1.1050/55 area on my H1 chart will probably resist heavy.. Therefore I plan to sell as high as I can or as close as it gets to this area.. Happy new week and green pips

*Meanwhile: First contact with bears at 1.1032.. Marking that level as nearest resistance..

Stay Green
Focus only on what truly matters!
  • #98,310
  • Edited 3:47am Nov 25, 2019 3:18am | Edited 3:47am
Took a long here @1,1019 stop = 1,1011 take profit = 1,1050

Edit: Bears are not joking, lol. Stopped out.
  • #98,311
  • Nov 25, 2019 3:43am Nov 25, 2019 3:43am
I think direction has been set for today, no buying for me this week.
I sold at 1.10234
Sl 30 pips
Tp 1.09656
Risk comes from not knowing what to do
  • #98,312
  • Nov 25, 2019 3:47am Nov 25, 2019 3:47am
It looks too good to be true on sell side. my guess it might not break 1.10800 area. and we can see 1.11 from here.
  • #98,313
  • Edited 4:02am Nov 25, 2019 3:50am | Edited 4:02am
Long here SL 10 pips only and if the next 10 minutes/ H4 close below 1.1010 i will cut loss
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Don't mind me.. i'm crazy
  • #98,314
  • Nov 25, 2019 4:57am Nov 25, 2019 4:57am
Can we see 1.0990 or even lower in NY session?
  • #98,315
  • Nov 25, 2019 5:09am Nov 25, 2019 5:09am
Quoting Ata-Turkoglu
{quote} I think similar.. it seems like especially 1.1050/55 area on my H1 chart will probably resist heavy.. Therefore I plan to sell as high as I can or as close as it gets to this area.. Happy new week and green pips *Meanwhile: First contact with bears at 1.1032.. Marking that level as nearest resistance.. Stay Green
Yes, Patiently waiting for the best area is always the top solution in forex.

A new resistance has been create and can foget areas that I previously thought of. Support has also been broken, so the possibility of reaching 1.1000 is possible. Keep waiting for the hunt higher and special attention to the new resistance created today ~ 1.10300.

Have Green pips for all
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Keep the faith and keep going
  • #98,316
  • Nov 25, 2019 5:31am Nov 25, 2019 5:31am
Quick Weekly Outlook

For my followers: Last week price came close to Dashed-BLUE at 1.1121 area but unfortunately couldn't touch it to give us a perfect sell entry. Anyway that is past tense now. With same logic this week's sell level (Dashed-BLUE touch) shifted to: 1.1135

  1. Right now price is slightly below my wma17 line: 1.1056 to be precise, which is the nearest resistance on my Daily chart.
  2. With current picture in mind we are simply waiting for a new weekly close below 1.0905.
  3. Of course interference still could come at fib levels 61.8, 78.6 or 88.6. Therefore it is wise to also look for supportive PA intraday wise and especially around 1.0940/50 roughly.

I hope it helps.. Market is choppy and slow so trade safe..

Stay Green

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Focus only on what truly matters!
  • #98,317
  • Nov 25, 2019 7:16am Nov 25, 2019 7:16am
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Here`s the first position of my BUY serie between 1.1007 and 1.0986
tp : 1.1038
  • #98,318
  • Nov 25, 2019 7:24am Nov 25, 2019 7:24am
Get ready cause this is it. 1.1050 first.
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Don't believe me just watch!
  • #98,319
  • Nov 25, 2019 7:52am Nov 25, 2019 7:52am
Quoting LCForex
Get ready cause this is it. 1.1050 first. {image}
Thanks mate for confirmation! I am in at 1.1007 too!

Good luck
  • #98,320
  • Nov 25, 2019 8:10am Nov 25, 2019 8:10am
Quoting LCForex
Get ready cause this is it. 1.1050 first. {image}
What about 1.09? I wouldn't mind seeing 1.1050 so I can get a great price to short. We have a slight barrier here at 1.1017 and then another one at 1.1026. They can be seen on the 1H chart. After that I see your 1.1056. But this last leg down isn't long enough for me to say the downside is finished.
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