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  • #114,081
  • Sep 9, 2020 5:31am Sep 9, 2020 5:31am
Can't argue with a strong Drive down

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It is this hour and the next one to make that thrust
  • #114,082
  • Sep 9, 2020 5:44am Sep 9, 2020 5:44am
Flagging a falling wedge —> bullish breakout likely if the support holds this touch
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Another day, another dollar.
  • #114,083
  • Sep 9, 2020 6:01am Sep 9, 2020 6:01am
A 4hr close below 1.1736, then bulls are in deep trouble. 1.1776 is resistance.
  • #114,084
  • Sep 9, 2020 7:37am Sep 9, 2020 7:37am
Quoting nic9man
Flagging a falling wedge —> bullish breakout likely if the support holds this touch {image}
worked out so far, though the breakout pattern was not so clean
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Another day, another dollar.
  • #114,085
  • Sep 9, 2020 7:52am Sep 9, 2020 7:52am
Bulls kicked in as anticipated.. Good for scalpers.. But don't invest long term too heavy yet!

*Based on H1, bulls need a candle close above 1.1824 for intraday continuation!

Stay Green
Focus only on what truly matters!
  • #114,086
  • Sep 9, 2020 7:55am Sep 9, 2020 7:55am
J P Morgan news gave the spike
  • #114,087
  • Sep 9, 2020 7:57am Sep 9, 2020 7:57am
Quoting nic9man
{quote} worked out so far, though the breakout pattern was not so clean {image}
You can press print screen on keyboard and paste it on paint to capture your screen
Don't mind me.. i'm crazy
  • #114,088
  • Sep 9, 2020 8:15am Sep 9, 2020 8:15am
Quoting Wavegarrick
{quote} Hi Guys, Eu spot-on touch of my monthly support 1 at 1.17665 and also 1-month ascending channel trend line. Could we bounce from here? I will not place longs yet but will update if I get a trade. Trade safe. Cheers. {image}
Hi Guys,
My monthly sup 1 at 1.17665 has held nicely. I opened my 1st buy trade with subtle bullish hints and stop below todays low. I will also add on pullbacks and confirmation signals. Important for me is a new daily high and bullish 4hr candle close above my daily pivot at 1.17838.

Will update later,
Trade safe.
Trade to trade another day
  • #114,089
  • Sep 9, 2020 8:29am Sep 9, 2020 8:29am
Quoting Compound
{quote} New Long positions, long signals are still weak, just appear at H1. But I will take this opportunity. If I get hit by SL, I've prepared a new position below, but the profit-taking distance is less {image}{image}
The pending order was active, while I TP 1.183. then at that price short 30-40 pips
There is no perfect system
  • #114,090
  • Sep 9, 2020 8:47am Sep 9, 2020 8:47am
This looks like a Wave4 entertaining the two ends of the No- drive range

The upper end with a 13-pip fake out (mirroring the bottom) would come to 1.1840, but it may not make it that far

I'm thinking the excess low, thus a Wave 5 down is missing - failed to close below just isn't enough of a trap

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  • #114,091
  • Sep 9, 2020 8:55am Sep 9, 2020 8:55am
Quoting louisfx
Careful with usd.Drop coming
Make it Green
  • #114,092
  • Sep 9, 2020 10:30am Sep 9, 2020 10:30am
Price in selling zone.
  • #114,093
  • Sep 9, 2020 10:51am Sep 9, 2020 10:51am
Quoting lucky1359
Hello Dear All, Please find my Fibo understandings 1.1801 mark is important and its not letting it go as per yearly fibo. Please see Weekly Fibo current and previous also - specially previous week, how each acted as a support and resistance. note the yesterdays bounce back at 78.6 weekly fibo levels Please add some important inputs if i would be missing God bless us all with green pips. thanks & regards{image}{image}

1.1801 mark is important and its not letting it go as per yearly fibo.

Also see the H4 Swings & Pips and how it bounced back from h4 supports

it took monday - tuesday - 24 + 24 hours to take eurusd down

and it took only 4 hours to for eurusd to cover the entire 48 hours pips
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  • #114,094
  • Sep 9, 2020 11:11am Sep 9, 2020 11:11am
Quoting Wavegarrick
{quote} Hi Guys, My monthly sup 1 at 1.17665 has held nicely. I opened my 1st buy trade with subtle bullish hints and stop below todays low. I will also add on pullbacks and confirmation signals. Important for me is a new daily high and bullish 4hr candle close above my daily pivot at 1.17838. Will update later, Trade safe.
Hi Guys,
I am not going to be too hasty with this. Currently my future daily pivot at 1.18000. Much to be desired here. I would like to see a daily close above 1.1800 and a retest of 1.18000 for a further up move. We will have a retrace after the breakout. Does the question remain if this is a fake breakout? not uncommon in forex. Initial prognosis is positive for a further up move, but not guaranteed. Absolute patience required here, for me at least.

Trafe safe
Cheers
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Trade to trade another day
  • #114,095
  • Sep 9, 2020 11:52am Sep 9, 2020 11:52am
“”ECB forecasts show more confidence in economic outlook, according to sources””
was kid manipulation
no document no supportive info Nothing just make 80 pip movement and confused market
bad noise
  • #114,096
  • Sep 9, 2020 12:00pm Sep 9, 2020 12:00pm
Prices can be reached 1.200 for bulls and 1.158 for bears. I am currently scalping
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There is no perfect system
  • #114,097
  • Sep 9, 2020 12:33pm Sep 9, 2020 12:33pm
Quoting Wavegarrick
{quote} Hi Guys, I am not going to be too hasty with this. Currently my future daily pivot at 1.18000. Much to be desired here. I would like to see a daily close above 1.1800 and a retest of 1.18000 for a further up move. We will have a retrace after the breakout. Does the question remain if this is a fake breakout? not uncommon in forex. Initial prognosis is positive for a further up move, but not guaranteed. Absolute patience required here, for me at least. Trafe safe Cheers {image}
Leon, may I ask you why you still hold your sell trade?
  • #114,098
  • Sep 9, 2020 12:41pm Sep 9, 2020 12:41pm
Quoting nic9man
The pattern of the last days looks like mid April and mid June. I think it is due to the fact that the market is waiting for the ECB meeting on Thursday and while waiting many highly leveraged longs with tight stop losses get executed before the market goes back to 1.18 at some random point to continue the waiting.
The way it turned out was exactly like I meant above. Think this is a general pattern which can be taken advantage of before important events.
Another day, another dollar.
  • #114,099
  • Sep 9, 2020 1:22pm Sep 9, 2020 1:22pm
Quoting bigiivan
{quote} Leon, may I ask you why you still hold your sell trade?
Hi Bigive,
My sell trade means nada to me at this point and basically an insurance policy, if price truly reverses downwards from here I have a trade to grow. This trade is a leftover from my last short term swing reversal positions. It is a trade I will keep open until I get full confirmation for a swing upwards. I do this all the time to lock in trades as soon as possible on both sides basically hedging but always adding to winning positions only. The reason I do this is to balance long term positions against short term positions. In a longterm trend you will always have retraces of a couple hundred pips and the only way I can protect good profits is to go the opposite way and open and close these trades to protect my overall profits. As you know I have buy positions from February this year.

Cheers
Leon
Trade to trade another day
  • #114,100
  • Sep 9, 2020 1:26pm Sep 9, 2020 1:26pm
Quoting Wavegarrick
{quote} Hi Bigive, My sell trade means nada to me at this point and basically an insurance policy, if price truly reverses downwards from here I have a trade to grow. This trade is a leftover from my last short term swing reversal positions. It is a trade I will keep open until I get full confirmation for a swing upwards. I do this all the time to lock in trades as soon as possible on both sides basically hedging but always adding to winning positions only. The reason I do this is to balance long term positions against short term positions. In a...
Thanks, Leon! You are a wise trader. I admire you.
Green pips, brother!
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