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EURUSD only

  • #126,761
  • Feb 15, 2021 10:50pm Feb 15, 2021 10:50pm
Quoting udithag
EUR/USD turning point on 1H chart which will occur on 2021.02.16 EST in 15 min time frame included {image}
That would be London Open, I guess?
  • #126,762
  • Feb 15, 2021 11:05pm Feb 15, 2021 11:05pm
Nothing has changed much since yesterday.. Based on M15, I keep selling stubborn 1.2144 area (each time with hopes that bears will break nearest support 1.2132 which is the main blockage for them right now)..
Focus only on what truly matters!
  • #126,763
  • Feb 15, 2021 11:47pm Feb 15, 2021 11:47pm
Quoting bigiivan
First target 1,2149.
As I said.
It took so long.
  • #126,765
  • Feb 16, 2021 12:01am Feb 16, 2021 12:01am
Quoting Cornabu
Buy Limit @ 1.2117 SL 1.2095 TP 1.2187 Sell Limit @ 1.2195 SL 1.2215 TP 1,2155 H4 Update Status {image}
Buy 1.2133 SL 1.2113 TP 1.2193
Sell Limit 1.2195 SL 1.2215 TP 1.2155
  • #126,766
  • Feb 16, 2021 12:19am Feb 16, 2021 12:19am
Quoting udithag
EUR/USD turning point on 1H chart which will occur on 2021.02.16 EST in 15 min time frame included {image}
can u share rational for the turning point ?
  • #126,767
  • Feb 16, 2021 12:20am Feb 16, 2021 12:20am
Quoting bigiivan
{quote} As I said. It took so long.
Yeah. I sold there and closed @1.2136. Some quick pips.
Sidelines now till LO
  • #126,768
  • Edited 1:27am Feb 16, 2021 12:25am | Edited 1:27am
Took a long at 1.2136. See if we test 1.2150 again TP open.. Stop to BE asap. Have a trendline and support here on 5m TF with hidden divergence- I'm thinking about the inverse H&S on the 4h TF potentially. If it breaks below 1.2131 I'll ditch it

Stop at BE already if it falls back im out

Out just 5 pips when it was clear it was turning back at 1.2142..no harm no foul

DXY stuck between 90.25 and an upper TL, break either to confirm direction
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.jpg Size: 166 KB
  • #126,769
  • Feb 16, 2021 12:42am Feb 16, 2021 12:42am
Quoting mysterio
Took a long at 1.2136. See if we test 1.2150 again TP open.. Stop to BE asap. Have a trendline and support here on 5m TF with hidden divergence- I'm thinking about the inverse H&S on the 4h TF potentially. If it breaks below 1.2131 I'll ditch it
Wondered if we are going to see a double top on the 15m chart too... Starting to loose confidence in the range holding. Looking more like London may finally move the direction.
  • #126,770
  • Feb 16, 2021 12:47am Feb 16, 2021 12:47am
Quoting Godzilla
{quote} can u share rational for the turning point ?
Hello it is based on cycles and on a mathematical sequence which I use to detect whether a particular cycle is going to work or not. (not fibonacci). The system considers only the number of trading bars between tops and bottoms. No astrology and completely independent from price.
  • #126,771
  • Feb 16, 2021 12:58am Feb 16, 2021 12:58am
Quoting udithag
a particular cycle is going to work or not. (not fibonacci). The system considers only the number of trading bars between tops and bottoms. No astrology and completely independent from price.
So, "just" a frequency analysis? Similar to FFT?
  • #126,772
  • Feb 16, 2021 1:27am Feb 16, 2021 1:27am
Quoting Godzilla
{quote} can u share rational for the turning point ?
There is no rationale behind that my friend... besides talking about something wage, that will cost you something at some point if you really want to know, to only find out that it's pretty much that something is worthless, lol.
Stay the Course
  • #126,773
  • Feb 16, 2021 1:47am Feb 16, 2021 1:47am
The BULLS have the upper hand here
A TREND LINE formed on WEEKLY TF has been extended to 4H TF

I believe any down move is a BEAR TRAPS....

BULL TARGETS:
1ST - 1.2177
2ND - 1.2249

And if BULL POWER is maintained we heading to 1.2581


if you know, you know....
My goal is what keeps me going...
  • #126,774
  • Feb 16, 2021 2:16am Feb 16, 2021 2:16am
Quoting ursinho4711
{quote} So, "just" a frequency analysis? Similar to FFT?
Yes it can be interpreted like that
  • #126,775
  • Feb 16, 2021 2:45am Feb 16, 2021 2:45am
They seem to make this dollar higher low very pronounced
Attached Image (click to enlarge)
Click to Enlarge Name: EUR2710.png Size: 59 KB
  • #126,776
  • Feb 16, 2021 2:48am Feb 16, 2021 2:48am
Quoting nadi-fx
that it's pretty much that something is worthless, lol.
I would not say so. It's another piece of the puzzle. Forex is not coincidence, it is a big pile of parameters. One of them is the analysis of frequencies. Play with FFTs, you can do with calm over the weekend as it works well with historical data. EURUSD is a very good pair, very reliable when it comes to curves.
If you know WHEN something will happen but you do not know the direction, just place pending orders in both directions.
  • #126,777
  • Edited 3:51am Feb 16, 2021 2:52am | Edited 3:51am
Seems to me it is committed to breaking 1.215, so I will short 1.21495 for a good retr. down that won't be so deep as to invalidate the up (no new low) and I'll accumulate a long on the way down.

Edit.
OK. The new high 1.2156x was unexpected. It's just rude not to allow me to build the long...
plus there's always the need to shake out impulsive entrants.

Edit
Now I'm short 1.21545

Edit
Now I'm long 1.21495 and a wee bit richer.
keep building the long.

Edit
Now I'm long 1.21470

Edit
...and by now you should see why I can't post everything I do in my struggles to position myself for a move.

Edit
After touching 1.21445 I am now long 1.21456, double the size as before and some nice profits booked. I hope it retraces down some more so I can build larger size long.
Practitioner of the cryptic trading arts
  • #126,778
  • Feb 16, 2021 3:07am Feb 16, 2021 3:07am
MACD divergence on H4. The drop is comming.
Let's see! Now is 1,2146.
  • #126,779
  • Feb 16, 2021 3:22am Feb 16, 2021 3:22am
Quoting bigiivan
MACD divergence on H4. The drop is comming. Let's see! Now is 1,2146.
Waiting GDP release
  • #126,780
  • Feb 16, 2021 4:03am Feb 16, 2021 4:03am
Quoting gettoefl
path to the mid Q1 {image}
nearly there, hits at the Q1 mid point, so watch out you shorts
twitter: @gettoefl
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