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  • #121,181
  • Edited 11:29am Dec 6, 2020 11:11am | Edited 11:29am
This is my view for the next couple of weeks.
The next stop is 1.2206.
On the weekly I want to see if we can close above 1.2250. Then we have a clear shot for the 1.2555 as a next target.
On the Daily we'll have a retracement from the SELL zone.
Monday I consider going LONG at 1.2085-90 area.
And that if H1 can close below 1.2115.
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  • #121,182
  • Dec 6, 2020 11:48am Dec 6, 2020 11:48am
Quoting andvk74
They will NEVER tell you what is coming next
I agree, but somebody knows... at least what will be the levels. I cannot imagine this chart (W1) from the last 5 weeks is a total coincidence:
Attached Image
There are so many points and levels that fit, that this must be coded somewhere in some algorithm.

IF something happens THEN it will happen this way
ELSE it will happen another way
(but with predefined numbers)
  • #121,183
  • Dec 6, 2020 12:56pm Dec 6, 2020 12:56pm
Quoting andvk74
{quote} They will NEVER tell you what is coming next.
Well, I understand the argument. I've seen it many times on FF and used to make it myself. I am all for bare price charts and used them exclusively for years, but I could not stop myself from tinkering with indicators. I won't get into an argument over it. If you're determined not to use them, good for you.

In my observation, and experience, this is not true as "never" is an absolute. After stalling at 1.20, I recently posted here stating my speculative bias as buying dips as low as I could buy. Price and the indicators supported this speculative bias. Yes the indicators are repeating what price is doing but offering different context. The US presidential election was used as the driver and setup for a bear trap.....at an extreme oversold condition as indicated.

Did price alone tell you to buy when the exhaustion occurred back at 1.16 during the Asian session of the Nov. 4 daily bar? Nothing tells you when to do anything. It's about potentially seeing certain conditions that suggest potential speculative positioning.

This rally still appears to be accumulation to me. If there is a second leg up, a measured projection would eventually get us back to the 1.30 area in future months.
Charts are limited in nature. What is the relative location?
  • #121,184
  • Dec 6, 2020 1:00pm Dec 6, 2020 1:00pm
Quoting Ata-Turkoglu
H1 Status Update Since bears have the upper hand now my plan for Monday would be as follows: IF no H1 candle closes below 1.21125 I will try to sell 1.21475 area (Anticipating that bulls are limited with 1.2160 max.) (Scalper-longs would be an option here) IF any H1 candle do closes below 1.21125 I will rinse & repeat trading with my classic methodology: Selling the lowest (most current) Dashed-BLUE TL touch levels.. (Scalper-longs would be too risky.. Only the closer price gets to H4 Green line area: 1.2070 we could begin to think of buying for...
Here are my Daily S/R levels which stays in sync with my hourly plan I shared earlier.. I think an inner wave 4 has already started with some choppiness and therefore I will try to keep selling up swings for now.. Once inner wave 4 is complete (guessing somewhere inside the 1.2045/80 zone) I will switch back to buying dips until inner wave 5 completes the main wave 3.. In other words, market will have to have a correction to be able to go higher later..

For now: 1.2135 area is my nearest resistance and for bears some supportive pa would begin earliest around 1.2081..

I hope it helps

Stay Green
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Focus only on what truly matters!
  • #121,185
  • Dec 6, 2020 1:19pm Dec 6, 2020 1:19pm
Quoting NuNix
i think today is a bearish day with NFP news ahead. already has one sell at 1.2151 and a sell limit at 1.2160 in anticipation of a spike in the European session.
the NFP day closed with a nice profit.
for me the last daily close is a sell signal.
i'll just be looking to sell for the rest of the month. will cancel my bearish bias if the price goes up above 1.2180 where i will set my SL there too.
i'll be looking for my first sell entry in the area 1.2140-1.2150
Dangdut is a music of my country
  • #121,186
  • Dec 6, 2020 2:34pm Dec 6, 2020 2:34pm
Expecting some down movement within this channel, DXY showing some sign of a retrace up. I notice there was a treasury sell off on Friday pushing yields up- I'll wait and see what happens at this support on US 10Y treasuries, a drop down would be dollar bullish.
Attached Image(s) (click to enlarge)
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  • #121,187
  • Dec 6, 2020 2:47pm Dec 6, 2020 2:47pm
Quoting bmac
{quote} Well, I understand the argument. I've seen it many times on FF and used to make it myself. I am all for bare price charts and used them exclusively for years, but I could not stop myself from tinkering with indicators. I won't get into an argument over it. If you're determined not to use them, good for you. In my observation, and experience, this is not true as "never" is an absolute. After stalling at 1.20, I recently posted here stating my speculative bias as buying dips as low as I could buy. Price and the indicators supported this speculative...
Every trader should use whatever works for him or her. I wish you best of luck!!!
  • #121,188
  • Dec 6, 2020 3:16pm Dec 6, 2020 3:16pm
Quoting Ata-Turkoglu
{quote} Here are my Daily S/R levels which stays in sync with my hourly plan I shared earlier.. I think an inner wave 4 has already started with some choppiness and therefore I will try to keep selling up swings for now.. Once inner wave 4 is complete (guessing somewhere inside the 1.2045/80 zone) I will switch back to buying dips until inner wave 5 completes the main wave 3.. In other words, market will have to have a correction to be able to go higher later.. For now: 1.2135 area is my nearest resistance and for bears some supportive pa would...
Page 6060

2084 support in focus now
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  • #121,189
  • Edited Dec 7, 2020 12:42am Dec 6, 2020 9:31pm | Edited Dec 7, 2020 12:42am
Bear still treading a thin line here
If H4 close above 1.214x .. i would be more cautious with short
Well basically this is the risk of trying to pick top/bottom
Looking at M5 my scalping sense also still not letting me to short atm
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Don't mind me.. i'm crazy
  • #121,190
  • Dec 6, 2020 10:57pm Dec 6, 2020 10:57pm
Good day traders, last week was a bit rough for me because i was fighting the trend(another lesson learnt) but not any more.
looking at weekly, monthly and daily and you will see that nothing is bearish yet, so for the time been i will focus on buying dips(its much easier to look for entries when you know the direction).

buy limit @ 1.21155
sl 50 pips
tp 1.22166
Risk comes from not knowing what to do
  • #121,191
  • Dec 6, 2020 11:18pm Dec 6, 2020 11:18pm
Quoting Austyno
Good day traders, last week was a bit rough for me because i was fighting the trend(another lesson learnt) but not any more. looking at weekly, monthly and daily and you will see that nothing is bearish yet, so for the time been i will focus on buying dips(its much easier to look for entries when you know the direction). buy limit @ 1.21155 sl 50 pips tp 1.22166
I think there is a tweezer top on daily timeframe, and a bearish engulfing on h4. Therefore, it should be bearish at least in short term. Please correct me if I am wrong.
  • #121,192
  • Edited 1:28am Dec 7, 2020 12:21am | Edited 1:28am
Short for the time being

Edit- banked at 1.21165 will short again if retraces
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  • #121,193
  • Dec 7, 2020 1:23am Dec 7, 2020 1:23am
Quoting RyuChym
{quote} I think there is a tweezer top on daily timeframe, and a bearish engulfing on h4. Therefore, it should be bearish at least in short term. Please correct me if I am wrong.
well, I don't see any tweezer top on daily but I see a bearish engulfing on 4hrs. The daily only formed an inverted hammer but couldnt take out the lows of Thursday. My bullish bias will be put on hold if we take out Thursday's low else am back to buying dips
Risk comes from not knowing what to do
  • #121,194
  • Dec 7, 2020 1:31am Dec 7, 2020 1:31am
Quoting Austyno
Good day traders, last week was a bit rough for me because i was fighting the trend(another lesson learnt) but not any more. looking at weekly, monthly and daily and you will see that nothing is bearish yet, so for the time been i will focus on buying dips(its much easier to look for entries when you know the direction). buy limit @ 1.21155 sl 50 pips tp 1.22166
Active
Risk comes from not knowing what to do
  • #121,195
  • Dec 7, 2020 2:00am Dec 7, 2020 2:00am
Quoting Austyno
{quote} Active
Big ups on that entry call.
  • #121,196
  • Dec 7, 2020 2:06am Dec 7, 2020 2:06am
whisker stocks are running out fast

Quoting PatienceFx
{quote} i am selling MrBullBear's whiskers and eurusd {image}
Quoting PatienceFx
{quote} adding to shorts, i think his whiskers can fetch more {image}
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  • #121,197
  • Dec 7, 2020 2:18am Dec 7, 2020 2:18am
Bears taking some control. As long as it stays over 121 there should be a chance of a retrace towards 12140
Insane in the Brain..
  • #121,198
  • Dec 7, 2020 2:25am Dec 7, 2020 2:25am
Still sticking to my plan as indicated on Saturday.
Attached Image
  • #121,199
  • Dec 7, 2020 2:28am Dec 7, 2020 2:28am
Quoting BeeTogether
Bears taking some control. As long as it stays over 121 there should be a chance of a retrace towards 12140
It is the wave 4 down since Friday.. Don't fight it.. We will look for buy opportunities around 1.2045/70 zone.. Why do you hesitate to stay short?????? I really don't understand..

Stay Green
Focus only on what truly matters!
  • #121,200
  • Dec 7, 2020 2:30am Dec 7, 2020 2:30am
Thursday's low has been broken, bull's may need to be cautious.

PatienceFx: What's a "whisker" stock by the way?
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