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EURUSD only

  • #125,381
  • Edited 10:22pm Jan 28, 2021 10:05pm | Edited 10:22pm
As expected, price flew straight down from my entry at 1.214 which I just watched drop straight without me since I stupidly put my SL at 1.2137 from 1.2145. I caught it immediately, but I hesitated to re-enter short and simply watched this move happen without me. If you mess up on your original entry/strategy , do you guys try to re-enter and chase the market with a bigger SL or do you wait for a brand new entry?

I will be buying at 1.20779 with a 5 pip SL but am prepared to watch this potentially crush through that point, if so my next long point is 1.19822.
  • #125,382
  • Jan 28, 2021 10:24pm Jan 28, 2021 10:24pm
Quoting Kyuu
Looks like I got stopped 1 pip from the top at 1.2138 because I entered a trade that isn't a part of my strategy and didn't want to take a loss but now I'll probably just watch this drop 60 pips down to 1.20779 without me. I keep managing to exit my position on all my winning trades somehow.
Very good.
  • #125,383
  • Jan 28, 2021 10:45pm Jan 28, 2021 10:45pm
Good move by bears. I think the sky is limited to 1.2112 - 1.2123 - 1.2131. Any move above 1.2118 is just manipulation.

Sell the highs.
  • #125,384
  • Jan 28, 2021 11:48pm Jan 28, 2021 11:48pm
H1 Status Update

Hi traders.. last night my long order got stopped out with +10.. So be it.. Today I will continue to chase new touches to Dashed lines..

As you can see on chart below, price dropped back below GREEN line and while that was happening a "long" opportunity presented itself BUT because it occurred below GREEN my rules prevented me from taking it and so it saved me from buying into the wrong direction..

Currently I have cloned a new Dashed-BLUE TL and I am waiting for progress.. Hopefully Frankfurt or London opening will give us some volume.. Current picture is flat-ish/bear-ish at the moment.. 1.21085 is estimated (temporary) sell level since I am not sure yet where and when the touch will happen.. No rush!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 33 KB
Focus only on what truly matters!
  • #125,385
  • Jan 28, 2021 11:57pm Jan 28, 2021 11:57pm
One more thing: Please notice the most recent tall blue MOFU candle on the chart I just shared.. Right now price is back at its bottom.. Often the low of this type of tall candles can cause reversal.. So don't get surprised if bulls appear again out of thin air.. I will try to sell 1.21085 area but I am aware that momentum can cause price to end up above GREEN line again since market is not trending.. Just flat.. So, be careful!!!!

Stay Green
Focus only on what truly matters!
  • #125,386
  • Jan 28, 2021 11:59pm Jan 28, 2021 11:59pm
Hi ata,

Would you mind update your Elliot wave counting ! It's been a long time from last Elliot post buddy. Thanks for your time
  • #125,387
  • Jan 29, 2021 12:07am Jan 29, 2021 12:07am
Quoting MRZ0098
Hi ata, Would you mind update your Elliot wave counting ! It's been a long time from last Elliot post buddy. Thanks for your time
Ok, I will try to update my wave chart as soon as I can but first things first, my most significant S/R levels for the last day of this week and month..

-For now nearest bear target is yesterday's low: 1.20805 area..
-Nearest resistance sits around 1.2122..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 19 KB
Focus only on what truly matters!
  • #125,388
  • Jan 29, 2021 12:20am Jan 29, 2021 12:20am
Bears badly wishing for the bad German numbers.
  • #125,389
  • Edited 12:38am Jan 29, 2021 12:24am | Edited 12:38am
Quoting MRZ0098
Hi ata, Would you mind update your Elliot wave counting ! It's been a long time from last Elliot post buddy. Thanks for your time
Here you are.. Now, according to my amateur wave count, wave 3 is probably complete (Keep in mind that there is the possibility that wave 3 is actually not complete and we are still inside the wave 4 of the inner [red numbered] wave 5) Anyway, whatever the case might be we are inside a wave 4 down..

  1. If this wave is blue wave 4 then it can end at 1.1888 earliest but can go all the way down to 1.1175 if robber banks want so as long as it doesn't violate wave 1..
  2. But if this wave is just an inner wave 4 of 5 then it can drop only to 1.1919 limit not to violate inner wave 1 of 5..

*I also cloned the wave 2 duration to wave 4 just to guesstimate the length of this bearish period .. Not 100% though.. could take a little shorter a little longer.. Just ballpark figuring.. Time will tell..

I hope it helps

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Waves.png Size: 30 KB
Focus only on what truly matters!
  • #125,390
  • Jan 29, 2021 12:48am Jan 29, 2021 12:48am
Based on H1.. let's see how badly 1.2108/13 area will resist.. Germany opens in 13 minutes.. hoping for some volume..

Stay Green
Focus only on what truly matters!
  • #125,391
  • Jan 29, 2021 1:13am Jan 29, 2021 1:13am
Quoting Ata-Turkoglu
{quote} Here you are.. Now, according to my amateur wave count, wave 3 is probably complete (Keep in mind that there is the possibility that wave 3 is actually not complete and we are still inside the wave 4 of the inner [red numbered] wave 5) Anyway, whatever the case might be we are inside a wave 4 down.. If this wave is blue wave 4 then it can end at 1.1888 earliest but can go all the way down to 1.1175 if robber banks want so as long as it doesn't violate wave 1.. But if this wave is just an inner wave 4 of 5 then it can drop only to 1.1919...
Interesting... This wedge on the Daily, measures a target of 1.1175 if the bottom wall is broken. Coincidence...?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD,Daily.png Size: 202 KB
Observation is the path to discovery.
  • #125,392
  • Jan 29, 2021 1:26am Jan 29, 2021 1:26am
Quoting Traderview
Bears badly wishing for the bad German numbers.
Not gonna happen
Another day, another dollar.
  • #125,393
  • Jan 29, 2021 1:39am Jan 29, 2021 1:39am
btw did you see german cpis yesterday. funny how the ecb is pretending to lower rates again while german inflation is jumping up. these fake ecb threats will explode in their face in form of a skyrocketing eurusd.
Another day, another dollar.
  • #125,394
  • Jan 29, 2021 1:59am Jan 29, 2021 1:59am
Good morning @ all,

still ranging. Day is full of news... take care everyone...
  • #125,395
  • Jan 29, 2021 2:50am Jan 29, 2021 2:50am
Quoting nic9man
{quote} Not gonna happen
That's ok. It's trading already below the price you wanted.
  • #125,396
  • Jan 29, 2021 2:54am Jan 29, 2021 2:54am
Quoting chrissfx
Good morning @ all, still ranging. Day is full of news... take care everyone...
What news? No red news today.. Nothing.. Nada Today is open to robber banks spikes and manipulations.. Beware and trade safe.. (Overall market flow is still flat-ish/bear-ish).. Bears have slightly the upper hand while below 1.2108/13 based on H1..
Focus only on what truly matters!
  • #125,397
  • Jan 29, 2021 2:54am Jan 29, 2021 2:54am
Quoting Ata-Turkoglu
{quote} Here you are.. Now, according to my amateur wave count, wave 3 is probably complete (Keep in mind that there is the possibility that wave 3 is actually not complete and we are still inside the wave 4 of the inner [red numbered] wave 5) Anyway, whatever the case might be we are inside a wave 4 down.. If this wave is blue wave 4 then it can end at 1.1888 earliest but can go all the way down to 1.1175 if robber banks want so as long as it doesn't violate wave 1.. But if this wave is just an inner wave 4 of 5 then it can drop only to 1.1919...
Thanks very much brov
  • #125,398
  • Jan 29, 2021 3:05am Jan 29, 2021 3:05am
Quoting Alorente
{quote} Interesting... This wedge on the Daily, measures a target of 1.1175 if the bottom wall is broken. Coincidence...? {image}
1,1175?
  • #125,399
  • Jan 29, 2021 3:05am Jan 29, 2021 3:05am
Morning.. easier LO for me after some bad ones this week.. longed this TL break and retest with divergence then my all time favourite trade, short the daily pivot for a quick handful of pips.. reliable patterns that repeat all the time that work if you dont get greedy, quick scalps only

Well done to the shorts last night and the people that called them in advance, couldn't capitalize on it on Eur but luckily caught it on another pair
Attached Image (click to enlarge)
Click to Enlarge Name: lo.jpg Size: 161 KB
  • #125,400
  • Jan 29, 2021 3:09am Jan 29, 2021 3:09am
H1 Status Update

The chase continues.. no action yet.. This time touch happened above GREEN.. (Flatness and sideways pa is causing this)

Now waiting for a Dashed-RED-TL touch.. 1.2108 is temporary buy level.. In other words: Rinse and repeat!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 31 KB
Focus only on what truly matters!
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