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  • #126,321
  • Feb 9, 2021 4:05am Feb 9, 2021 4:05am
Quoting mysterio
{quote} Dollar had a technical sell off because of the H&S, I think it is due a pull back now, on support/s1. May be wrong
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Maybe wrong but I'm not expectation for more of them, lets see
  • #126,322
  • Feb 9, 2021 4:09am Feb 9, 2021 4:09am
Quoting Georges001
{quote} Update on the position is that I have moved the stop-loss to break-even now. See chart below: {image}
Have closed my Position closed at 1.5R with a pricing of 1.2110
  • #126,323
  • Feb 9, 2021 4:11am Feb 9, 2021 4:11am
Quoting corongumet
{quote} {image}Maybe wrong but I'm not expectation for more of them, lets see
first up leg is 21 bars, second up is 20 bars ... make the adjustment i suggest
twitter: @gettoefl
  • #126,324
  • Edited 4:42am Feb 9, 2021 4:20am | Edited 4:42am
Quoting Endoephemera
{quote} Ride the long and reverse around 1.2115
I didn't get the sell signal I expected. But it might happen a bit higher.
I believe there might still be upside and am using the down to accumulate a small long.

PS Price is dealing with those trendlines from the peaks a couple of weeks back.
The way it is doing it suggests it is going to break through. Could take a while.

PPS The slowing in the upside visible on the one minute is closing of longs and short accumulation of big positions ahead of R TL
Practitioner of the cryptic trading arts
  • #126,325
  • Feb 9, 2021 4:35am Feb 9, 2021 4:35am
Quoting gettoefl
{quote} first up leg is 21 bars, second up is 20 bars ... make the adjustment i suggest
Thanks mate. Sorry about that
  • #126,326
  • Feb 9, 2021 4:41am Feb 9, 2021 4:41am
Quoting parshal
{quote} added take profit as 1.2130 now
still holding my longs.
Just thinking the price may go upto 1.2150 and then retrace.
Any other views?
My observation may be wrong but intent correct. Stay calm!
  • #126,327
  • Feb 9, 2021 4:44am Feb 9, 2021 4:44am
Quoting corongumet
{quote} {image}Maybe wrong but I'm not expectation for more of them, lets see
Sorry whats the asset and TF?

EDIT- got it it looks like DXY on a higher TF, yeah good observation, I mean a small pull back not a large swing pull back
  • #126,328
  • Feb 9, 2021 4:51am Feb 9, 2021 4:51am
Quoting parshal
{quote} still holding my longs. Just thinking the price may go upto 1.2150 and then retrace. Any other views?
I thing 1.2190 is there area and then retrace
  • #126,329
  • Feb 9, 2021 4:51am Feb 9, 2021 4:51am
Quoting mysterio
{quote} Sorry whats the asset and TF? EDIT- got it it looks like DXY on a higher TF, yeah good observation, I mean a small pull back not a large swing pull back
EURSD TF H1
  • #126,330
  • Edited 5:08am Feb 9, 2021 4:56am | Edited 5:08am
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A-B-C Was Done
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Its my rule for short.
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Its my counting, From Weekly, to H1. Make a correlation about that
  • #126,331
  • Feb 9, 2021 4:59am Feb 9, 2021 4:59am
CORRECTION MORE .....
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The Average Discount Everything
  • #126,332
  • Feb 9, 2021 5:07am Feb 9, 2021 5:07am
The EURO failed to take charge of a key level on the Daily, the USD is back in charge.

Guz
Charts don't drive price, market conditions drive price...
  • #126,333
  • Feb 9, 2021 5:18am Feb 9, 2021 5:18am
Marking 1.2088 as nearest support on M15.. No sign of bears yet..

*Let's see first if 1.2110 will resist or not..
Focus only on what truly matters!
  • #126,334
  • Feb 9, 2021 6:23am Feb 9, 2021 6:23am
I notice US 10y treasury yields hit psych level 1.20 before sharply dropping, hence the steep dollar fall. Its now at another round number 1.15. IF its going to complete an ABCD then yields still have higher to go. The last DXY 4h candle wicked outside of an ascending channel but closed inside. If the dollar is going to turn up it really has to be soon before more falls. Otherwise we open up a very steep fall in the dollar - its also a huge bear flag. Once this breaks you could probably open up Euro longs and go on holiday for a few weeks
  • #126,335
  • Feb 9, 2021 6:39am Feb 9, 2021 6:39am
#EURUSD / H4
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  • #126,336
  • Feb 9, 2021 6:42am Feb 9, 2021 6:42am
H1 Status Update

I simply rinse and repeat.. I am on side lines since we arrived once again at pitchfork's median line of course there will be a stall.. Same old same old..

1.2092 area is nearest support and potential Aggressive buy level.. Cheers
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Focus only on what truly matters!
  • #126,337
  • Feb 9, 2021 6:59am Feb 9, 2021 6:59am
Oh and one more thing: Based on H1, 1.2122 is the level where a perfect AB=CD completes.. So, those who keep longs with hopes for much higher levels must beware whenever price comes closer to 1.2120 area..
Focus only on what truly matters!
  • #126,338
  • Feb 9, 2021 7:03am Feb 9, 2021 7:03am
Quoting forextrini1
{quote} So I closed my Friday trade early did not want to be holding over the weekend.(yes actually followed one of my rules) My initial goal was hit on Friday at 1.2040 I reentered market with bounce off 1.2050 long@ 1.2057 We are nearing second target of 1.2080, my SL has been moved up to profit area the so that is locked in once 1.2080 breaks final goal will be to 1.2117 before selling starts again is my forecast. I do not use indicators, stopped using those year ago but love you guys colorful thingys yet I come up with almost the same...
I see many did not read my prior post I saw a pullback to 1.2087 and went loooong for said goal above.... Like a moth to a flame high of 1.21166 I went to sleep my TP was missed by 3 pips I aimed for the psych level of 1.2120 . Closed out with +10 pips This pullback Could be an order block. Another potential level at 1.2175 just waiting to confirm. If not we heading to 1.2050...on sidelines now...watching to see if this is a real reversal or not.
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #126,339
  • Feb 9, 2021 7:06am Feb 9, 2021 7:06am
This pair creating Bull flag again and again. ADR is spent, I don't know how high this pair will go if up, because the day is still long. But either way, I still scalping this flag for 10pips up and down.
Biggest Mistake ? Over Leverage
  • #126,340
  • Feb 9, 2021 7:32am Feb 9, 2021 7:32am
Quoting Ayax.TSS
#EURUSD / H4{image}
Thanks
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