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  • #124,961
  • Jan 25, 2021 12:37pm Jan 25, 2021 12:37pm
H1 Status Update

For my followers: Just as I anticipated new candle has closed above Dashed-BLUE TL and rules wise we must stay away from selling.. Only if candles close back below Dashed-BLUE we can continue hunting shorts.. I will be on sidelines as long as bulls delay the drop..

*1.2137/40 area might now become nearest support..

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #124,962
  • Jan 25, 2021 12:38pm Jan 25, 2021 12:38pm
Quoting v2vboni
{quote} {quote} ...continuation setup: NY intraday setup Entry @ 1.21462... and sell limit @ 1.21570 SL: 1.21730 TP: 1.20800 {image}
Very good analysis! It sounds about right!
You cannot fail if you never give up.
  • #124,963
  • Edited 1:19pm Jan 25, 2021 12:39pm | Edited 1:19pm
I don't think it was a stop hunt, this was a retest of broken support so that's why price is seemingly dropping. I'd be surprised if this actually drops from here though (on the hourly, it makes perfect sense for a retracement to here and continuation lower) but this looks more like a trap to get people to short now and THEN we will see a stop hunt to 1.21497 where it will hopefully drop so I can get a good long entry.

But we could also just break this extremely weak 15 min broken support as resistance and go up (my bias has been long since 1.2078), one of the 2 scenarios will happen IMO but I think we're still at the start of a long term uptrend. Hopefully we will find out in the next 3 hours and see where the daily closes,

If we break above 1.215 I believe this low today was the low for the entire week. We shall see, if not I want to enter long at 1.21019 but I'm pretty sure that ain't happening , we're currently re-testing the levels where we initially tried to short (was resistance) turning into potential very short time frame support.
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  • #124,964
  • Jan 25, 2021 12:55pm Jan 25, 2021 12:55pm
Quoting gatenio
{quote} Burnt out? Are you serious? i wont sell it even on demo account this is only a retrace of ab=cd.. price stop at 50% and could go to 61.8% then back to long.
We'll see...
I have my SL at B/E in case I'm wrong.
You cannot fail if you never give up.
  • #124,965
  • Jan 25, 2021 1:01pm Jan 25, 2021 1:01pm
Quoting 7154Superman
{quote} We'll see... I have my SL at B/E in case I'm wrong.
what is your entry And target, i cant find it.
  • #124,967
  • Jan 25, 2021 1:17pm Jan 25, 2021 1:17pm
Quoting gatenio
{quote} what is your entry And target, i cant find it.
Check my Trade Explorer.
Avg position 1.2164, SL at B/E. TP 1.20
You cannot fail if you never give up.
  • #124,968
  • Jan 25, 2021 1:24pm Jan 25, 2021 1:24pm
Quoting 7154Superman
{quote} If H1/H4/D1 closes above 1.215 today or during Asian or London tomorrow, then we will be in official stop hunt region, because bears will switch to bullish, only to get killed by bigger bears. Think fundamental... Which is risk-off right now. EUR is vulnerable to that. When the fundamental bias is heavy, technical bias gets defeated. Over and over again. That's why things are always "iffy" for technical scalpers. But who masters the "ifs"? The big boys who are behind the fundamental drivers. Think like they do. It makes it easier if you...
I'm not saying I'm gonna full buy, I'd just scalp a few pips most likely. If it does close above that level, I believe price will keep going up but then it will actually come back and re-test that 1.215 level or slightly below as a bull stop hunt. But let's see what happens first, then I'll call my trades
  • #124,969
  • Jan 25, 2021 1:32pm Jan 25, 2021 1:32pm
Quoting 7154Superman
{quote} Check my Trade Explorer. Avg position 1.2164, SL at B/E. TP 1.20
nice, aggressive.
since im not holding EU right now im only can wish you luck.

I cant see it happen now yet. But price below 1.21 then i will think about it.. a lot of S down there.
For me we are at the start of 5W.. daily above 1.22 and im on.
  • #124,970
  • Jan 25, 2021 2:03pm Jan 25, 2021 2:03pm
H1 Status Update

For my followers: Rules wise new candle closed below Dashed-BLUE TL and I can sell again where I took a break and closed my most recent order.. But this time safer..

Opened a new sell order at 1.2140, Stops must go a little above 1.2155.. (Journey continues as if I never closed previous order)

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #124,971
  • Jan 25, 2021 2:20pm Jan 25, 2021 2:20pm
Why is someone telling people stay green when its been falling for like 10hrs +
  • #124,972
  • Jan 25, 2021 2:20pm Jan 25, 2021 2:20pm
1.217 vs 1.214 , who will win! I went long with a 3 pip SL just looking to scalp up to 1.21497 where I plan on shorting if it's not too close to 5 pm.

retouch of an important horizontal level vs testing the broken support at 1.214

I chose long mainly because I don't think the market will reward those traders who shorted at 1.2147 ish area and the fact we didn't really see a powerful move down from that level anyways. Also, there was a massive seemingly accumulation in the market on the 1 minute chart. (attached)

I'm predicting a whipsaw to take stops on both sides! I'm calling up then down but imo this will drop either now or after a whip up. Let's see
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  • #124,973
  • Edited 2:50pm Jan 25, 2021 2:23pm | Edited 2:50pm
Quoting Ata-Turkoglu
H1 Status Update For my followers: Rules wise new candle closed below Dashed-BLUE TL and I can sell again where I took a break and closed my most recent order.. But this time safer.. Opened a new sell order at 1.2140, Stops must go a little above 1.2155.. (Journey continues as if I never closed previous order) Stay Green {image}
And I just now thought it looked like bulls will continue pushing up into stop hunt zone, so I finally flaked out and closed my trade for the day at 1.21399 with 7.24% ROI
I might be missing out on the next drop , but decided to employ my motto "Be content with small gains" for peace of mind and better clarity tomorrow... Target is still 1.20 unless my "hunch" is proven wrong... LOL
Will enter back in later. Hopefully higher.
Boy, are we opposites, Ata!
You cannot fail if you never give up.
  • #124,974
  • Jan 25, 2021 2:23pm Jan 25, 2021 2:23pm
Quoting Kyuu
1.217 vs 1.214 , who will win! I went long with a 3 pip SL just looking to scalp up to 1.21497 where I plan on shorting if it's not too close to 5 pm. retouch of an important horizontal level vs testing the broken support at 1.214 I chose long mainly because I don't think the market will reward those traders who shorted at 1.2147 ish area and the fact we didn't really see a powerful move down from that level anyways. Also, there was a massive seemingly accumulation in the market on the 1 minute chart. (attached) I'm predicting a whipsaw to take...
I think price will consolidate until tomorrows london session to make another big move to the pper side
  • #124,975
  • Jan 25, 2021 2:26pm Jan 25, 2021 2:26pm
Quoting dibs007
Why is someone telling people stay green when its been falling for like 10hrs +
Metatrader marks orders where the TP gets hit with a green background color on the account history list.. I think because of that some people on Forexfactory keep greeting other members to "Stay Green" as a wish for consistent profits.. I made it my signature that's all..

Stay Green
Focus only on what truly matters!
  • #124,976
  • Jan 25, 2021 2:27pm Jan 25, 2021 2:27pm
Quoting 7154Superman
{quote} And I just now thought it looked like bulls will continue pushing up into stop hunt zone, so I finally flaked out and closed my trade for the day with 7.24% ROI I might be missing out on the next drop , but decided to employ my motto "Be content with small gains" for peace of mind and better clarity tomorrow... Target is still 1.20 unless my "hunch" is proven wrong... LOL Will enter back in later. Hopefully higher. Boy, are we opposites, Ata!
it was good that when others were waiting for up movement you took your chances with shorting and it paid the momentum may be bullish but still price is looking at the turning point so great eyes from you bro i have been following you up since earlier today ps; i was a bullish trader for the day and i didnt take that trade i didnt see point of buying for today
  • #124,977
  • Jan 25, 2021 2:28pm Jan 25, 2021 2:28pm
Quoting Ata-Turkoglu
{quote} Metatrader marks orders where the TP gets hit with a green background color on the account history list.. I think because of that some people on Forexfactory keep greeting other members to "Stay Green" as a wish for consistent profits.. I made it my signature that's all.. Stay Green

sorry for quoting you wrong,,, well for the begginers i didnt think it was wise ... sorry for misunderstanding a motto into a phrase or comment
  • #124,978
  • Jan 25, 2021 2:30pm Jan 25, 2021 2:30pm
Quoting 7154Superman
{quote} And I just now thought it looked like bulls will continue pushing up into stop hunt zone, so I finally flaked out and closed my trade for the day with 7.24% ROI I might be missing out on the next drop , but decided to employ my motto "Be content with small gains" for peace of mind and better clarity tomorrow... Target is still 1.20 unless my "hunch" is proven wrong... LOL Will enter back in later. Hopefully higher. Boy, are we opposites, Ata!
Lol.. I really don't get why you even care for what I do or what others do.. I simply follow my system just as many others here follow their own.. What you do was never my concern.. why should what I do be your concern? It shouldn't.. make sure to focus on your methods.. In the end we are all rolling in our own journey..

Stay Green
Focus only on what truly matters!
  • #124,979
  • Jan 25, 2021 2:31pm Jan 25, 2021 2:31pm
Can anyone explain to me why the 15 min candles for the bid and the ask are so different in shape for the last 4 candles? The spread has seemingly been 1 pip the whole time, all the other candles are the same except the last 2

Usually, my charts are identical in candlesticks but it just shifts up or down a few pips (spread), but never have I seen completely different candles with low spread. What's goin on? (look at the last 4 candlesticks vs the rest, one is even completely different (bull vs bear engulfing) , 15 min chart for reference. Was there some big order maybe at the literal second of the close that expanded the spread?
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  • #124,980
  • Jan 25, 2021 2:33pm Jan 25, 2021 2:33pm
Quoting Kyuu
Can anyone explain to me why the 15 min candles for the bid and the ask are so different in shape for the last 4 candles? The spread has seemingly been 1 pip the whole time, all the other candles are the same except the last 2 Usually, my charts are identical in candlesticks but it just shifts up or down a few pips (spread), but never have I seen completely different candles with low spread. What's goin on? {image} {image}
check if you have floating spread
Attached Image
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