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EURUSD only

  • #110,441
  • Jun 9, 2020 11:51am Jun 9, 2020 11:51am
Is it over yet?
  • #110,442
  • Jun 9, 2020 11:52am Jun 9, 2020 11:52am
Quoting Marcieny
Hey guys, a Bearish Buterfly on weekly, I don't know if it will be validated I need to wait.
Yes.. That's actually the bearish Gartley on Daily we are talking about since last week..

Stay Green
Focus only on what truly matters!
  • #110,443
  • Jun 9, 2020 12:13pm Jun 9, 2020 12:13pm
Going to try a short here.

Short at 1.13403
SL open
TP 1.1293
  • #110,444
  • Jun 9, 2020 12:18pm Jun 9, 2020 12:18pm
Attached Image (click to enlarge)
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  • #110,445
  • Jun 9, 2020 1:21pm Jun 9, 2020 1:21pm
The cycle was floating on Monday, now continue the bull. At least enter the price of 1.142xx. I will build short starting price of 1.142xx
Attached Image (click to enlarge)
Click to Enlarge Name: 10-6-2020.png Size: 92 KB
There is no perfect system
  • #110,446
  • Jun 9, 2020 7:07pm Jun 9, 2020 7:07pm
Quoting Ata-Turkoglu
{quote} Yes.. That's actually the bearish Gartley on Daily we are talking about since last week.. Stay Green
Ha! Ok.
Thanks.
  • #110,447
  • Jun 9, 2020 7:55pm Jun 9, 2020 7:55pm
Sell then off...see you next month
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  • #110,448
  • Jun 10, 2020 12:39am Jun 10, 2020 12:39am
Today could be "the day"

Let's see if the bearish Gartley on daily chart will play out or not today..

My resistance levels based on weekly:

  1. 1.1400 to be exact is nearest resistance!
  2. If that doesn't hold next would be 1.1432,
  3. If that doesn't hold next would be 1.1467,
  4. If that doesn't hold then mamma miiiiaaaaa! ---> Gartley shifts to a Butterfly!

Stay Green

Focus only on what truly matters!
  • #110,449
  • Jun 10, 2020 12:47am Jun 10, 2020 12:47am
Quoting Ata-Turkoglu
Today could be "the day" Let's see if the bearish Gartley on daily chart will play out or not today.. My resistance levels based on weekly: 1.1400 to be exact is nearest resistance! If that doesn't hold next would be 1.1432, If that doesn't hold next would be 1.1467, If that doesn't hold then mamma miiiiaaaaa! ---> Gartley shifts to a Butterfly! Stay Green
Please can u let us know if it's gonna be bullish or bearish ?? And at what interval did u think it will ??
  • #110,450
  • Jun 10, 2020 12:59am Jun 10, 2020 12:59am
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Make it Green
  • #110,451
  • Jun 10, 2020 1:00am Jun 10, 2020 1:00am
Quoting heedreece
{quote} Please can u let us know if it's gonna be bullish or bearish ?? And at what interval did u think it will ??
Bulls have the upper hand for sure...

BUT... based on your own take you have to decide:

  1. Once you see bearish signs you might decide to sell with hope that Gartley will play out..
  2. Or you can watch bull power and if you see strength you can keep your longs because you then would hope for a major breakout..

Both have their own benefits and downsides.. Nothing is granted in forex as you know..

Stay Green

Focus only on what truly matters!
  • #110,452
  • Jun 10, 2020 1:00am Jun 10, 2020 1:00am
Buy any pull back on EURO/USD
Make it Green
  • #110,453
  • Jun 10, 2020 1:07am Jun 10, 2020 1:07am
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Make it Green
  • #110,454
  • Jun 10, 2020 1:10am Jun 10, 2020 1:10am
Daily S/R Levels

So... before we can see the effects of my weekly resistance levels of course bulls first have to beat the daily resistance level: 1.1373.. Without that there can't be a bullish rally.. Keep that in mind!

*That's the reason why I personally don't keep my longs and close manually every time price comes closer to this level..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR-Levels.png Size: 27 KB
Focus only on what truly matters!
  • #110,455
  • Jun 10, 2020 1:28am Jun 10, 2020 1:28am
as long as this pattern is still valid, I prefer to open short positions
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  • #110,456
  • Edited 3:05am Jun 10, 2020 2:30am | Edited 3:05am
Quoting dondealova
as long as this pattern is still valid, I prefer to open short positions {image}
As long as H1 candles can't close above 1.1359 I am also inclined to risk selling..

Edit: but they still can.. lol

Stay Green
Focus only on what truly matters!
  • #110,457
  • Edited 5:47am Jun 10, 2020 3:05am | Edited 5:47am
1/3 Position size short 1.1362
SL ~1.14
TP~1.133

[If 15min candle close below 1.136/1.1355 I will scale in.]

Added another 1/3 Position. Price now: 1.13645

[Another stop sell for 1/3 placed at 1.13539]

Added another 1/3. Based on the price not jumping above 1.1375. Total Price now: 1.13675.

SL tight mental. Will be placed above 1.1375 once I am BE.

10:50 :
SL now 1Pip above last M15 high.
TP 2/3 at 1.13513

11:16
if it can not break 1.136 in few minutes I will close manually

11:26
SL BE

11:29
closed 2/3 at 1.1356, since it did not break the 1.1355 instantly

11:42
remaining SL (1/3) at 1.13626

12:42
SL got triggered
Total net profit: 6.34 Pips
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #110,458
  • Jun 10, 2020 3:05am Jun 10, 2020 3:05am
Quoting Ata-Turkoglu
{quote} As long as H1 candles can't close above 1.1359 I am also inclined to risk selling.. Stay Green
ok..noted..tq bro
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  • #110,459
  • Jun 10, 2020 3:09am Jun 10, 2020 3:09am
Quoting dondealova
{quote} ok..noted..tq bro
If you are trading the H1 or H4 charts one important "best practice" for safer selling would be to wait at least for a bearish engulfing candle on M15 or M30..

Stay Green
Focus only on what truly matters!
  • #110,460
  • Jun 10, 2020 3:40am Jun 10, 2020 3:40am
So... pre-FOMC price arrived at my daily resistance 1.1373... No bearish signs yet.. No more buying and also no selling.. I prefer to wait on sidelines here..

*1.1363 is nearest support based on M15

Stay Green
Focus only on what truly matters!
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