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  • #125,501
  • Jan 29, 2021 11:32am Jan 29, 2021 11:32am
This week I'm closing +14.8% on equity.
How did you do?

PS Account 400:1
Practitioner of the cryptic trading arts
  • #125,502
  • Jan 29, 2021 11:36am Jan 29, 2021 11:36am
Quoting Ata-Turkoglu
{quote} In the past I studied Gann a lot.. It could work if there was a dedicated software for it.. MT4 is a terrible platform for Gann and it is useless to apply Gann on it.. The outcome is not even close to what Gann actually intended.. So my advice: forget it Stay Green
I'm not talking about the fan thing, I'm literally making custom zones inside a range and it's all manual. It's like the equivalent of drawing fib levels I probably don't use the tool right, I never read about it. I just customize whatever I need, imo learning about a indicator and only using it for that makes me limited in what I can do with it
  • #125,503
  • Jan 29, 2021 11:38am Jan 29, 2021 11:38am
Quoting Kyuu
{quote} I'm not talking about the fan thing, I'm literally making custom zones inside a range and it's all manual. It's like the equivalent of drawing fib levels I probably don't use the tool right, I never read about it. I just customize whatever I need, imo learning about a indicator and only using it for that makes me limited in what I can do with it
Oh okay.. I thought you were talking about classic Gann.. Never mind then.. Cheers
Focus only on what truly matters!
  • #125,504
  • Jan 29, 2021 11:39am Jan 29, 2021 11:39am
I honestly thought this 4 hour candle would be a very obvious decider candle between bull or bear, still 23 minutes left. Even though I closed my short at a small profit, this activity is a bit suspicious to me. I feel like an M can form here to take out all shorts before proceeding down if that's the true direction, if bullish is the right way it better show soon
  • #125,505
  • Jan 29, 2021 11:46am Jan 29, 2021 11:46am
I should probably read about what my indicator was for haha. I have your full strategy open on my tab which I plan on studying today Are you still long?
  • #125,506
  • Jan 29, 2021 2:36pm Jan 29, 2021 2:36pm
H1 Status Update

I had to re-analyse my Dashed line location.. I took the doji as more important but I have to reconsider for the future by choosing the breakout candle instead.. So below chart shows the better version of line placement.. That way the updated buy level turned to 1.2128.. I bought a little higher but is well.. With this little alteration I am improving my future line placements..

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!
  • #125,507
  • Jan 29, 2021 2:58pm Jan 29, 2021 2:58pm
Quoting Ata-Turkoglu
Just went long at 1.2136... Stops must go a little below 1.2115.. Stay Green
After I corrected my chart and updated buy level to 1.2128 there is no reason to keep my long order since I might get a better price later and it is week and month end anyway.... So I closed my order manually here at 1.2138 with +2 pips.. Calling it a day and week.. Enjoy your weekends folks

Stay Green
Focus only on what truly matters!
  • #125,508
  • Jan 29, 2021 4:42pm Jan 29, 2021 4:42pm
Entertainment weekly
  • #125,509
  • Jan 29, 2021 7:04pm Jan 29, 2021 7:04pm
peak bullish
Wait for the bear contract next week.
Attached Image (click to enlarge)
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  • #125,510
  • Jan 30, 2021 12:39am Jan 30, 2021 12:39am
Quoting Traderview
In case you'll wondering wtf going on here. The FIB is whole damn pull back from 1.2340. This is why i was mentioning the price 1.2123. If the week settles below 1.2120, then more downside. {image}
Update
Attached Image (click to enlarge)
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  • #125,511
  • Jan 30, 2021 6:29am Jan 30, 2021 6:29am
Quoting Traderview
{quote} Update {image}

Expecting another attempt to test 1.2180 and will try a few short setups if I see any. Closing the week below 1.2150 is short term bearish for me.
  • #125,512
  • Jan 30, 2021 6:48am Jan 30, 2021 6:48am
Quoting Connors
{quote} Expecting another attempt to test 1.2180 and will try a few short setups if I see any. Closing the week below 1.2150 is short term bearish for me.
IMHO, i think next week short until . 1 206-1.950 and back to long and drop again
  • #125,513
  • Jan 30, 2021 6:53am Jan 30, 2021 6:53am
Quoting corongumet
{quote} IMHO, i think next week short until . 1 206-1.950 and back to long and drop again

That scenario is also possible, weekly close is back to bearish. It closed two weeks ago below 1.2150, last week managed to close above and yesterday back to below 1.2150. Also this is a stronger close since it was month end.
It was a difficult trading day yesterday but it now all looks easier to understand. Ceteris paribus, I expect new lows for the year in Feb. We shall see, one bite at a time tough.
  • #125,514
  • Jan 30, 2021 7:11am Jan 30, 2021 7:11am
Daily Outlook and S/R Levels for Monday

  1. While candles are still above SMA-50 and above nearest support 1.2109/16, it seems like bulls will try one more time to break nearest resistance: 1.21345.. Of course we have to see first if new month and week will open with a gap or not and in which direction this gap might be matters too..
  2. Overall and intraday wise I will stay bullish until I see a clear rejection from 1.21345 area.. That's what I think we need to watch most on Monday.. (again: if we assume market opens with no gap)
  3. Please note that market is still flat-ish and therefore we might see fake moves and volatility at times.. Always delay big decisions.. Don't invest too much in your orders whether you think bullish or bearish..

I hope it helps..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 31 KB
Focus only on what truly matters!
  • #125,515
  • Jan 30, 2021 2:20pm Jan 30, 2021 2:20pm
COT is showing a MIXED week with NO real bias.
These are the levels I'll be watching.
Will update.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2 Daily.png Size: 87 KB
Click to Enlarge Name: 3 H4.png Size: 124 KB
  • #125,516
  • Jan 30, 2021 6:46pm Jan 30, 2021 6:46pm
Quoting andvk74
COT is showing a MIXED week with NO real bias. These are the levels I'll be watching. Will update. {image} {image} {image}

Welcome back mate, I did wonder where you were. Hope all is well.
  • #125,517
  • Jan 30, 2021 10:11pm Jan 30, 2021 10:11pm
Quoting Connors
{quote} Expecting another attempt to test 1.2180 and will try a few short setups if I see any. Closing the week below 1.2150 is short term bearish for me.
Touching 1.2120 is inevitable.
Hitting 1.2160 - 1.2180 will finish this W PATTERN. After this a short ride to 50 pips.

Let's see
  • #125,518
  • Jan 30, 2021 11:48pm Jan 30, 2021 11:48pm
I think a strong support area in 1.21373.a strong bullish pattern
  • #125,519
  • Jan 31, 2021 4:33am Jan 31, 2021 4:33am
I Think its posssible to 1.2095 and back to long. its my count. It make wave 2 My expectation more than 50% of wave 1. With Pattern A (a,b,c), B (a,b,c), and C (a-b-c-d-e).

Key level of this scenario (1.2058, 1.2078, 1.2095, 1.2155, 1,2175, and the last at 1.2189)
Attached Image (click to enlarge)
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  • #125,520
  • Jan 31, 2021 4:52am Jan 31, 2021 4:52am
1.2058 how soon; might adjust my TP's?
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