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  • #123,681
  • Jan 8, 2021 7:58am Jan 8, 2021 7:58am
Could that be a spike up just for further downside?
Good things comes in pairs...
  • #123,682
  • Edited 8:10am Jan 8, 2021 7:59am | Edited 8:10am
Quoting Ata-Turkoglu
{quote} 100% focus.. 100% energy.. minimum stress.. minimum distraction.. *There are no multiple eggs to put in different baskets.. There is only one big dinosaur egg to be taken care of.. Stay Green
Absolutely true! I used to make all kinds of mistakes and lose all the time when I traded different currency pairs at the same time. But now, focusing on one currency pair allows me to study it more thoroughly and learn its habits. And now I can just wait for the right moment until it's "safe" to trade. Because I know its habits. Excellent amount of profits every day. Minimal time, minimal stress
You cannot fail if you never give up.
  • #123,683
  • Jan 8, 2021 8:00am Jan 8, 2021 8:00am
Quoting heftee
Could that be a spike up just for further downside?
we never know, but i believe the price gonna go up
  • #123,684
  • Jan 8, 2021 8:00am Jan 8, 2021 8:00am
That was a perfect H1 candle for a grid trader (with hedging)!

Good when you focus on one asset only ;-)
  • #123,685
  • Jan 8, 2021 8:02am Jan 8, 2021 8:02am
Are bears coming?
  • #123,686
  • Jan 8, 2021 8:05am Jan 8, 2021 8:05am
I am fearing an endless series of bull head ramming at 1.2288 doors until end of day.. I hope that doesn't happen.. Would be extremely annoying.. Bears need to push this beast down to 1.2243 at least..

Stay Green
Focus only on what truly matters!
  • #123,687
  • Jan 8, 2021 8:05am Jan 8, 2021 8:05am
Bull kick in again and let see if they can break upper tl bull have upper hand. So if h1 close at 1.23 we will see a new high
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Stay low, Go fast - No luck, All skill
  • #123,688
  • Jan 8, 2021 8:07am Jan 8, 2021 8:07am
Bounce zone in still holding the price. Waiting for another H1. For me it MUST close above it to consider a LONG.
Attached Image (click to enlarge)
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  • #123,689
  • Jan 8, 2021 8:21am Jan 8, 2021 8:21am
Quoting Ata-Turkoglu
I am fearing an endless series of bull head ramming at 1.2288 doors until end of day.. I hope that doesn't happen.. Would be extremely annoying.. Bears need to push this beast down to 1.2243 at least.. Stay Green
I agree with you Ata, seems like each day always like this, when drop, they'll buy dips again , again and again and unstoppable for bulls. Wondering when this situation have an ending.
  • #123,690
  • Jan 8, 2021 8:25am Jan 8, 2021 8:25am
Newbie View
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  • #123,691
  • Jan 8, 2021 8:31am Jan 8, 2021 8:31am
Quoting hans91
{quote} I agree with you Ata, seems like each day always like this, when drop, they'll buy dips again , again and again and unstoppable for bulls. Wondering when this situation have an ending.
true reversal can be seen on mayb mid week..mid quater 1..or end of quater 1 in my opinion.very unreliable and cruel market.
  • #123,692
  • Jan 8, 2021 8:33am Jan 8, 2021 8:33am
Quoting hans91
{quote} I agree with you Ata, seems like each day always like this, when drop, they'll buy dips again , again and again and unstoppable for bulls. Wondering when this situation have an ending.
It's a war between daily and weekly, this week wants to close bullish(bulls have upper hand) and daily wants to close bearish(bears have upper hand) Am thinking today's close will be around 1.22863 area and below which satisfies both weekly and daily
Risk comes from not knowing what to do
  • #123,693
  • Jan 8, 2021 8:35am Jan 8, 2021 8:35am
Quoting Ata-Turkoglu
{quote} I already stated it multiple times on my daily chart analysis.. I expect a big wave 4 down if the rising wedge breakout is valid.. My ultimate bear target would be a level that gets close to the high of the daily candle from 9th November of 2020: 1.1920.. It should not violate this level though since that is the high of the main wave 1.. So in other words I have a target zone between 1.1921 to 1.1951.. But for today I think bears are limited with 1.2195 area.. We must go step by step.. Stay Green
I trust wedges a lot, but I think this rising wedge will have to break to the upside. The fundamental setup is just not right for a big correction. Time will tell.
Another day, another dollar.
  • #123,694
  • Jan 8, 2021 8:40am Jan 8, 2021 8:40am
Quoting nic9man
{quote} I trust wedges a lot, but I think this rising wedge will have to break to the upside. The fundamental setup is just not right for a big correction. Time will tell.
Go with facts.. for now we are below 1.2288 right? So? As long as candles stay below it bears should eventually continue.. I said it earlier: If any daily candle can close back above 1.2288 and especially even above 1.2312 then yes there is a chance for bulls..

Stay Green
Focus only on what truly matters!
  • #123,695
  • Jan 8, 2021 8:48am Jan 8, 2021 8:48am
Quoting nic9man
{quote} I trust wedges a lot, but I think this rising wedge will have to break to the upside. The fundamental setup is just not right for a big correction. Time will tell.
Oh and one more thing: Check out my weekly range and plan your own strategy for coming week! Where do you think bears are headed?

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #123,696
  • Jan 8, 2021 8:48am Jan 8, 2021 8:48am
Finally this crap is going down, I would like to see touching at 1.2180 area for the target.
Yeah who knows.
  • #123,697
  • Jan 8, 2021 8:48am Jan 8, 2021 8:48am
Quoting Ata-Turkoglu
{quote} Go with facts.. for now we are below 1.2288 right? So? As long as candles stay below it bears should eventually continue.. I said it earlier: If any daily candle can close back above 1.2288 and especially even above 1.2312 then yes there is a chance for bulls.. Stay Green
yeah. its same of me
  • #123,698
  • Jan 8, 2021 8:50am Jan 8, 2021 8:50am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
Quoting Austyno
{quote} It's a war between daily and weekly, this week wants to close bullish(bulls have upper hand) and daily wants to close bearish(bears have upper hand) Am thinking today's close will be around 1.22863 area and below which satisfies both weekly and daily
stop playing a guess game like you said ...Risk comes from not knowing what to do
  • #123,699
  • Jan 8, 2021 8:54am Jan 8, 2021 8:54am
Quoting Ata-Turkoglu
{quote} Oh and one more thing: Check out my weekly range and plan your own strategy for coming week! Where do you think bears are headed? Stay Green {image}
hopefully south for a winter time
  • #123,700
  • Jan 8, 2021 9:18am Jan 8, 2021 9:18am
Quoting Godisawoman
I can't understand why some traders trade only one asset.
To be able to do some analysis, predict, get a feeling... or do you want to do this for 28 pairs plus XAUUSD, plus oil...
The violet line I was drawing yesterday after LC, seeing that my former trend line now got an offset but still with the same inclination. And see how nicely the candles behaved, even in this NFP situation:
H1, now we have 15:18 GMT
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