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  • Post #125,861
  • Quote
  • Feb 3, 2021 10:55am Feb 3, 2021 10:55am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,316 Posts | Online Now
Still waiting on sidelines.. These micro spikes feel like trapping more and more buyers.. I wait until I am sure..
Be a seer, not a looker!
 
3
  • Post #125,862
  • Quote
  • Feb 3, 2021 10:56am Feb 3, 2021 10:56am
  •  hesron
  • Joined Dec 2012 | Status: Member | 3,002 Posts | Online Now
Attached Image (click to enlarge)
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All my analysis is based on Wyckoff Methods
 
1
  • Post #125,863
  • Quote
  • Feb 3, 2021 11:01am Feb 3, 2021 11:01am
  •  Wavegarrick
  • Joined Sep 2017 | Status: Active | 2,941 Posts
Quoting Wavegarrick
Disliked
{quote} Usdx has been a guiding light in these unclear times with EU. I suspect a test of the round number at 92.00. {image}Eu crunching along {image}I wish you green pips. Cheers
Ignored
Hi Guys,
The big fat round number at 1.20000 beckons. It is all up to the big boyz now. Could we see a bounce from this level or a smash down? I am heading towards the end of my system cycle so will be careful to add more shorts. I hope the momentum can carry bears through. It just doesn't make sense for price to rebound here, but as we all know. The market will decide.
I will update in due course.
Trade safe.
Cheers.
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Trade to trade another day
 
10
  • Post #125,864
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  • Feb 3, 2021 11:04am Feb 3, 2021 11:04am
  •  newbegger
  • Joined May 2011 | Status: Member | 1,403 Posts
Quoting newbegger
Disliked
{image} Put on long position at 1.2059. It's early so I will leave some wiggle room with stop under 1.20. Maybe a double bottom, maybe not.
Ignored
Looks like I will get stopped out for a loss on this trade. Is only 1 position as I did not have confidence in the trade.

As I look at the chart in the quote, it is a triple bottom not a double. Very often, triple tops and bottoms are continuation signals that momentum is changing. In this example, it has gone lower as short term trend is down.
Ecclesiastes 1:9
 
 
  • Post #125,865
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  • Feb 3, 2021 11:06am Feb 3, 2021 11:06am
  •  Endoephemera
  • | Joined May 2014 | Status: Member | 446 Posts
Quoting Wavegarrick
Disliked
{quote} Hi Guys, The big fat round number at 1.20000 beckons. It is all up to the big boyz now. Could we see a bounce from this level or a smash down? I am heading towards the end of my system cycle so will be careful to add more shorts. I hope the momentum can carry bears through. It just doesn't make sense for price to rebound here, but as we all know. The market will decide. I will update in due course. Trade safe. Cheers. {image}
Ignored
In my experience when price slows down in approach to a major resistance, it will break through.

Edit: Resistance or support, same thing.
Temperance (restraint in action, thought or feeling) is a virtue.
 
2
  • Post #125,866
  • Quote
  • Feb 3, 2021 11:09am Feb 3, 2021 11:09am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,316 Posts | Online Now
Quoting Wavegarrick
Disliked
{quote} Hi Guys, The big fat round number at 1.20000 beckons. It is all up to the big boyz now. Could we see a bounce from this level or a smash down? I am heading towards the end of my system cycle so will be careful to add more shorts. I hope the momentum can carry bears through. It just doesn't make sense for price to rebound here, but as we all know. The market will decide. I will update in due course. Trade safe. Cheers. {image}
Ignored
1.2003 is the bottom of a falling wedge on DAILY.. I hate falling wedges because they can trick both sides.. It is likely we will see a bounce up but before that they can imitate a smash down.. My two cents
Be a seer, not a looker!
 
5
  • Post #125,867
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  • Feb 3, 2021 11:09am Feb 3, 2021 11:09am
  •  RedCable
  • | Joined May 2020 | Status: Member | 55 Posts | Online Now
Quoting newbegger
Disliked
{quote} Looks like I will get stopped out for a loss on this trade. Is only 1 position as I did not have confidence in the trade. As I look at the chart in the quote, it is a triple bottom not a double. Very often, triple tops and bottoms are continuation signals that momentum is changing. In this example, it has gone lower as short term trend is down.
Ignored
Hold it for a while, breaking below 1.2000 would require something big and I think today is not the day.
 
1
  • Post #125,868
  • Quote
  • Feb 3, 2021 11:14am Feb 3, 2021 11:14am
  •  Matts Micro
  • Joined Aug 2011 | Status: Member | 4,586 Posts
Quoting Matts Micro
Disliked
{quote} TS +21 pips over all. Was close to my SL. I may be about to miss a larger move but it is in my plan so I followed it. Will enter short again on a correction until it hits my buying zone. {image}
Ignored
Short.
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As the lights go by so too do the shadows move
 
1
  • Post #125,869
  • Quote
  • Feb 3, 2021 11:14am Feb 3, 2021 11:14am
  •  hesron
  • Joined Dec 2012 | Status: Member | 3,002 Posts | Online Now
MAPPING
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All my analysis is based on Wyckoff Methods
 
 
  • Post #125,870
  • Quote
  • Feb 3, 2021 11:24am Feb 3, 2021 11:24am
  •  hesron
  • Joined Dec 2012 | Status: Member | 3,002 Posts | Online Now
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All my analysis is based on Wyckoff Methods
 
 
  • Post #125,871
  • Quote
  • Feb 3, 2021 11:24am Feb 3, 2021 11:24am
  •  ursinho4711
  • Joined Nov 2019 | Status: Member | 1,121 Posts
Not over yet, but that were some fast and safe 10 pips ;-)

Attached Image
 
2
  • Post #125,872
  • Quote
  • Feb 3, 2021 11:40am Feb 3, 2021 11:40am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,316 Posts | Online Now
Quoting hesron
Disliked
{image}
Ignored
Back in the 80's my generation would hit the TV box several times when we had a screen like this.. just kidding..
Be a seer, not a looker!
 
8
  • Post #125,873
  • Quote
  • Edited 12:01pm Feb 3, 2021 11:47am | Edited 12:01pm
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,481 Posts
15m closed as a doji/spinning top on the upper TL. you could 'probably' short here, I won't be however. 1.2023. If the 15m breaks up then we may see a bit more up movement closer to the opening price. Double bottom is the danger for shorts.

Edit- and another spinning top, sneaking above the TL now. Short might be a bit dangerous.
 
 
  • Post #125,874
  • Quote
  • Feb 3, 2021 11:55am Feb 3, 2021 11:55am
  •  purevenom
  • | Joined Feb 2010 | Status: Member | 702 Posts
Quoting purevenom
Disliked
Not gonna lie, i kinda want this to go as low as .1200-.19xx then go back up But i don't think they care what i want.
Ignored
Took more than a week. already scalping long at 2018 open price
Still going to tolerate bear pressure as long as no weekly close below 1.196
Will history going to repeat it self and this month turn bullish for last attempt to move up..
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Don't mind me.. i'm crazy
 
2
  • Post #125,875
  • Quote
  • Feb 3, 2021 11:55am Feb 3, 2021 11:55am
  •  Endoephemera
  • | Joined May 2014 | Status: Member | 446 Posts
I'm out. Seems to me unlikely to break this late in the day. Hoping for up retr. and tomorrow break. +3.3% on my account today.
Temperance (restraint in action, thought or feeling) is a virtue.
 
1
  • Post #125,876
  • Quote
  • Feb 3, 2021 12:17pm Feb 3, 2021 12:17pm
  •  parshal
  • | Joined Jan 2021 | Status: Member | 347 Posts
Quoting parshal
Disliked
taken long at1.2013
Ignored
added take profit as 1.2130 now
My observation may be wrong but intent correct. Stay calm!
 
 
  • Post #125,877
  • Quote
  • Feb 3, 2021 12:41pm Feb 3, 2021 12:41pm
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,316 Posts | Online Now
H1 Status Update

I don't plan to sell this for now (based on low volume and divergence) but as you can see 1.2027 is still resisting well.. Calling it a day here.. Hopefully I continue tomorrow after London opening.. Cheers
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Be a seer, not a looker!
 
7
  • Post #125,878
  • Quote
  • Feb 3, 2021 1:02pm Feb 3, 2021 1:02pm
  •  Matts Micro
  • Joined Aug 2011 | Status: Member | 4,586 Posts
Quoting Matts Micro
Disliked
{quote} Short. {image}
Ignored
Added to position.
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Name: eurusd 168.png
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As the lights go by so too do the shadows move
 
 
  • Post #125,879
  • Quote
  • Feb 3, 2021 1:37pm Feb 3, 2021 1:37pm
  •  Kyuu
  • Joined Dec 2020 | Status: Member | 680 Posts
Long and waiting for price to close above 1.203 for me to be comfortable
1
 
  • Post #125,880
  • Quote
  • Feb 3, 2021 1:39pm Feb 3, 2021 1:39pm
  •  ChrisKyle
  • | Joined Feb 2021 | Status: Member | 26 Posts
Quoting Kyuu
Disliked
Long and waiting for price to close above 1.203 for me to be comfortable
Ignored
Careful it might not be able to break 1.2027 resistance watch for move down in early pm lunch hour done power hour coming. Banks should increase short position before close
Over 1500+ confirmed sniped pips... and counting...
 
 
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