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  • #111,961
  • Jul 6, 2020 3:46pm Jul 6, 2020 3:46pm
WHATS GOING TO HAPPEN TO EURO/USD TOMMOROW!?

As a trader its important you always assume or role play : e.g "I have 50 million,that i need to move from point A(certain support) to Point B(resistance e.t.c).

HOW SHOULD I DO IT?
...how much would i come out with on the other side/point...(will it be profit or loss)?
What do i need to do to come out with profit? and what should i do to come out without a loss?

That is a market maker at play!

HOW WOULD YOU MOVE IT?...The answer to that question is exactly what is going to happen tommorow.

See you tommorow amigos.
  • #111,962
  • Jul 6, 2020 4:12pm Jul 6, 2020 4:12pm
Bulls had there fun today, too bad I couldn't join, anyways there are plenty of fishes in the ocean. The activated one of my rules I talked about a while back.
Sell limit @ 1.13568
Tp @ 1.12977
Sl 30 pips
Risk comes from not knowing what to do
  • #111,963
  • Jul 6, 2020 4:55pm Jul 6, 2020 4:55pm
The way I'm seeing EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-07-06-22-49-06.jpg Size: 257 KB


If my wave analysis is correct then we might see this pair rise to around 1.15 to 1.16 next

But then what do I know
  • #111,965
  • Jul 6, 2020 7:29pm Jul 6, 2020 7:29pm
Quoting jonasdao
Was long asia session: 1.12473 --> 1.12969 Went long again 1.13139 --> 1.13414 Knew it would drop. But could not pull the trigger for 1.134 to 1.131.... Tomorrow: who knows? My bet: if sell off DJ and NASDAQ then --> 1.126 Otherwise --> 1.1385
Long 1.1313
TP 1.138
SL 1.129
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #111,966
  • Jul 6, 2020 10:10pm Jul 6, 2020 10:10pm
Sold at 1.13104
SL 20 Pips
TP 20 Pips
  • #111,967
  • Jul 6, 2020 11:30pm Jul 6, 2020 11:30pm
Quoting Obaforex
But then what do I know
If you want to stick to your channel, then this would be a good example of a fibo channel projection. Quick and dirty something like this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 7 KB


Already passed TP1. TP2 would be around 1.13938
  • #111,968
  • Jul 7, 2020 12:22am Jul 7, 2020 12:22am
Daily S/R Levels for Today

Notice that candles are strolling outside the black channel for 8 days now..

  1. Bulls tried to jump back into the channel but couldn't succeed (yet).. To me that can cause 2 scenarios:
  2. Scenario 2: Bulls somehow achieve a climb back up and then more upside power will come and price goes higher quick (For me personally not easy and not likely and therefore I ignore this option for today!)
  3. Scenario 1: Bulls try to break 1.1338 but can't succeed and price drops back to 1.1245 area.. (This is the idea I have for today and therefore I will try to look for bearish signs because overall the bearish Gartley and the classic H&S patterns are both still valid!)

I hope it helps

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Gartley.png Size: 42 KB
Focus only on what truly matters!
  • #111,969
  • Jul 7, 2020 12:23am Jul 7, 2020 12:23am
@ursinho: These fibo lines look quite shitty to be honest. The way you drew it one cannot even verify that they fit the data, but it seem not to be the case.
Another day, another dollar.
  • #111,970
  • Jul 7, 2020 12:30am Jul 7, 2020 12:30am
Quoting nic9man
@ursinho: These fibo lines look quite shitty to be honest. The way you drew it one cannot even verify that they fit the data, but it seem not to be the case.
Lol.. The way you must understand his logic is that he is showing how quick he draws his imaginative "projection" with help of fib.. The point he is making is: His brain is so used to draw certain support and resistance areas with his imagination and as a result that those fib targets generally work for him precisely.

Stay Green
Focus only on what truly matters!
  • #111,971
  • Jul 7, 2020 12:42am Jul 7, 2020 12:42am
Quoting nic9man
@ursinho: These fibo lines look quite shitty to be honest. The way you drew it one cannot even verify that they fit the data, but it seem not to be the case.

but you understand the words "quick and dirty"? It's a hint for Obaforex to dive deeper into the wonderful world of fibo channel projection...

I personally have another fibo-channel for H4 at the moment, as you might see in some of my previous posts.
  • #111,972
  • Jul 7, 2020 12:42am Jul 7, 2020 12:42am
Quoting Ata-Turkoglu
Daily S/R Levels for Today Notice that candles are strolling outside the black channel for 8 days now.. Bulls tried to jump back into the channel but couldn't succeed (yet).. To me that can cause 2 scenarios: Scenario 2: Bulls somehow achieve a climb back up and then more upside power will come and price goes higher quick (For me personally not easy and not likely and therefore I ignore this option for today!) Scenario 1: Bulls try to break 1.1338 but can't succeed and price drops back to 1.1245 area.. (This is the idea I have for today and therefore...
Hi Ata, what do you think on previous inverted HS?
Is it still valid?
  • #111,973
  • Jul 7, 2020 12:49am Jul 7, 2020 12:49am
Quoting Traderview
Entered again, [email protected] TP Open Sl 20 pips.
Still running. Now SL in BE. Expecting the market to touch 1.1268.
  • #111,974
  • Jul 7, 2020 12:49am Jul 7, 2020 12:49am
Quoting Griffinx
{quote} Hi Ata, what do you think on previous inverted HS? Is it still valid?
It was invalidated when price touched 1.1190 last Wednesday.. Now we have only normal H&S and Gartley.. Both bearish patterns.. So bears might get the upper hand soon on Daily! For today I think bulls will defend 1.1288 mostly!

Stay Green
Focus only on what truly matters!
  • #111,975
  • Jul 7, 2020 12:50am Jul 7, 2020 12:50am
Quoting ursinho4711
{quote} but you understand the words "quick and dirty"? It's a hint for Obaforex to dive deeper into the wonderful world of fibo channel projection... I personally have another fibo-channel for H4 at the moment, as you might see in some of my previous posts.
  • #111,976
  • Jul 7, 2020 12:54am Jul 7, 2020 12:54am
Quoting Ata-Turkoglu
{quote} It was invalidated when price touched 1.1190 last Wednesday.. Now we have only normal H&S and Gartley.. Both bearish patterns.. So bears might get the upper hand soon on Daily! For today I think bulls will defend 1.1288 mostly! Stay Green
Agree with you...
Now I am on bearish overview for this week.
Thanks
  • #111,977
  • Jul 7, 2020 1:02am Jul 7, 2020 1:02am
Quoting Ata-Turkoglu
For today I think bulls will defend 1.1288 mostly!
Corfirmed by my shitty fibo channel
50% would be around 1.12853

Attached Image
  • #111,978
  • Jul 7, 2020 1:16am Jul 7, 2020 1:16am
hit some resistance lines, by bias for now is bearish

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 41 KB
TMT Scalping System (Best system on FF)
  • #111,979
  • Jul 7, 2020 1:23am Jul 7, 2020 1:23am
Quoting sartu
Sold at 1.13104 SL 20 Pips TP 20 Pips
Closed manually with +10 pips. Will enter again once price if retrace in London session
  • #111,980
  • Jul 7, 2020 1:26am Jul 7, 2020 1:26am
Quoting ATradingOreo
Here we go traders. to good health and sharp minds! Opinion is still bearish i will explain why below. 200 weekly EMA 1.138- 50 monthly EMA 1.141 so bulls have a strong point to rally or even reset the channel for the coming week/month to equalize this down pressure! you can see clear channels in h4 chart with breakouts to either be spikes or have the option to tighten even more for a week. looking to inspect bear pressure strength before final judgement will they ease up? even with a strong rally looking clear it still is looking like a bullish...
still in a swing trade, gap and channel as stated are still holding and still bearish til a 1.137-1.141 region. scalp bulls rallies and bearish long. charts attached to quote.
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