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  • #127,741
  • Mar 2, 2021 4:51am Mar 2, 2021 4:51am
Quoting xUoyssimix
Hi, After learning so much from Ata, This is the first time i post my humble entry. Brought @ 1.20068 SL @ 1.19800 TP will be look @1.20250 (see how it react) and ultimate TP will be @ 1.21000 Green pips to all bro and sis here (edited the price to 1.20250)
Will see how 1.2025 react here.

SL set at BE
  • #127,742
  • Mar 2, 2021 4:59am Mar 2, 2021 4:59am
Quoting 10cents
This uptick is a good early signal to go careful with shorts. Will be watching 2100 level which seems to be what pair wants. This is also the previous support level of 2080-2100. Pair missed 2120 yesterday, a print around that number cannot be rule out.
34 PiPs "uptick" LOL
Practitioner of the cryptic trading arts
  • #127,743
  • Mar 2, 2021 5:27am Mar 2, 2021 5:27am
Quoting Traderview
Pull back most likely from NY. {image} {image}
How do you forecast the end of the M pattern, is that a harmonic pattern? Also why choose the channel median line and not a fib retrace of the last leg of the M, is this just how you feel it will be from experience? Thanks for the chart, good stuff

Was thinking we could go as far as 1.2115/50pc of the down move, TL retest
  • #127,744
  • Mar 2, 2021 5:27am Mar 2, 2021 5:27am
2043 is critical area. close above and my bias changes to bullish.
  • #127,745
  • Edited 6:43am Mar 2, 2021 6:10am | Edited 6:43am
Quoting Endoephemera
Buy 1.2002 for a 20-40 PiPs retr. up
Took out partial.
Frankly I'm not so sure the up retr. is over...

UPDATE. Took out all the long. But still not sure the up retr. is over.
Practitioner of the cryptic trading arts
  • #127,746
  • Mar 2, 2021 6:53am Mar 2, 2021 6:53am
Just sold 1.2034.. I am risking very small.. mental stop is at 1.2045..
Focus only on what truly matters!
  • #127,747
  • Edited 8:40am Mar 2, 2021 7:09am | Edited 8:40am
Longing again. High risk.

Edit. Right now long at 1.2029 Going for 1.205x

Update: Now long at 1.2027 Will increase again lower (up to 1.2018) and reduce going up

Update Now long at 1.20235 but had to take little losses, also reduced position size

Update. Took a few more little losses and now 10% of account long at 1.2021

Update. Used short to reduce long (or hold some profits, however you look at it) at 1.2033 and again 1.204
Some profits locked 5% of account still long.

Update. Removed the hedge at 1.204 and now 7% of account long

Update. Removed remaining hedge with good losses, of course, now back 10% of account long.

Update. When you start messing with the hedges. Damn.

Update. Increased the long when it came back below 1.2040 Tight SL on the increment.
Practitioner of the cryptic trading arts
  • #127,748
  • Mar 2, 2021 7:26am Mar 2, 2021 7:26am
Quoting Endoephemera
Longing again. High risk. Edit. Right now long at 1.2029 Going for 1.205x
I am with you, but I am looking for a lower entry by about 10 pips. 1.205 would be first objective but i think it could reach for 1.21 (obviously not today but this week potentially)

Also might not get my lower entry.
Brian_FX
  • #127,749
  • Mar 2, 2021 7:40am Mar 2, 2021 7:40am
EUR/USD turning point on 1H chart which will occur on 2021.03.02
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.03.02.PNG Size: 33 KB
  • #127,750
  • Mar 2, 2021 7:45am Mar 2, 2021 7:45am
Quoting Ata-Turkoglu
Just sold 1.2034.. I am risking very small.. mental stop is at 1.2045..
Closed order manually with +11 pips..
Focus only on what truly matters!
  • #127,751
  • Mar 2, 2021 7:45am Mar 2, 2021 7:45am
Quoting mysterio
{quote} How do you forecast the end of the M pattern, is that a harmonic pattern? Also why choose the channel median line and not a fib retrace of the last leg of the M, is this just how you feel it will be from experience? Thanks for the chart, good stuff Was thinking we could go as far as 1.2115/50pc of the down move, TL retest
M Pattern finishes @ 78 - 88 of the fib of the First leg given the retracement touches 50 -61 and the last leg high should be 1.13 - 1.61. I understand it'll confuse people but Focus only on the first leg's 78 - 88 fib. It's a method I've learned over the years.

The median is middle of the larger channel. It should hold very well. I shared it on my previous charts both on daily and 4hrs.
  • #127,752
  • Mar 2, 2021 7:47am Mar 2, 2021 7:47am
If this 4hr closes below 1.2011, then bears will go back below 1.1995.
  • #127,753
  • Mar 2, 2021 7:47am Mar 2, 2021 7:47am
This is crazy stuff, here we have another M pattern with decently big accumulation. The first one we had at 1.2240 dropped to 1.2095 before pulling back. The second one we had at 1.2140 area which dropped to 1.1995 before pulling back to almost 1.204 area. If this drops from here, we could most likely see another big drop probably to 1.19 area, I have a potential 1.18865 support.
  • #127,754
  • Mar 2, 2021 7:47am Mar 2, 2021 7:47am
Quoting xUoyssimix
{quote} Will see how 1.2025 react here. SL set at BE
Closed @ 1.2021 + 15 pips
  • #127,755
  • Mar 2, 2021 8:32am Mar 2, 2021 8:32am
Morning LO and Evening NY
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (395).png Size: 354 KB
  • #127,756
  • Mar 2, 2021 8:54am Mar 2, 2021 8:54am
Quoting Traderview
{quote} M Pattern finishes @ 78 - 88 of the fib of the First leg given the retracement touches 50 -61 and the last leg high should be 1.13 - 1.61. I understand it'll confuse people but Focus only on the first leg's 78 - 88 fib. It's a method I've learned over the years. The median is middle of the larger channel. It should hold very well. I shared it on my previous charts both on daily and 4hrs.
Cool, thanks. I guess a cleanish drop down to the bottom of the channel after that?
  • #127,757
  • Mar 2, 2021 9:12am Mar 2, 2021 9:12am
Quoting mysterio
{quote} Cool, thanks. I guess a cleanish drop down to the bottom of the channel after that?
Watch out for the spikes above the median.
  • #127,758
  • Mar 2, 2021 9:20am Mar 2, 2021 9:20am
Quoting Austyno
Good morning y'all As i mentioned earlier, i have started selling the highs I have a sell limit @ 1.20591 (main trade for today) Sl 50 pips Tp @ 1.19855 i also have a buy @ 1.19855( i think that's a bouncing spot and its also a verified support on daily...i don't expect us to take out the lows of last month...There is a possibility that today will close bullish as a hammer) Target is 1.21327 Sl 50 pips. lets see how it plays out today.
if price will reach buy limit first will u still sell 1.20591 ?
  • #127,759
  • Mar 2, 2021 9:28am Mar 2, 2021 9:28am
Quoting Ziemowit
{quote} if price will reach buy limit first will u still sell 1.20591 ?
no, i would rather adjust my tp to 1.20905 and sell from there... seems price is dodging both my sell limits and buy limit today
Risk comes from not knowing what to do
  • #127,760
  • Mar 2, 2021 9:37am Mar 2, 2021 9:37am
Try to buy
@1.20121
SL 30 Pips
TP. 1.21121
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Soefer