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  • #41
  • Mar 2, 2021 3:21am Mar 2, 2021 3:21am
Quoting Kyuu
1.201 broke breaking the W pattern. The bounce was just from the round number 1.2 which almost never holds , whenever those numbers hold they hold after its been broken by like 20-40 pips first. I’m guessing that’s how much more we have to run until your turning point cya then

I will analyze and publish exact turning point that most probably the bottom should occur.
  • #42
  • Mar 2, 2021 3:40am Mar 2, 2021 3:40am
Quoting udithag
{quote} I will analyze and publish exact turning point that most probably the bottom should occur.

Awesome, I'll give my insight on price action when the time arrives
  • #43
  • Mar 2, 2021 3:44am Mar 2, 2021 3:44am
There’s actually annoyingly another W potential pattern forming here again and that's bad considering it's the 5 am closing candle... hoping your 9 am turning point isn’t a high, if this doesn't reject 1.2176 and go lower by 5 am we could see the pullback now.
  • #44
  • Mar 2, 2021 4:47am Mar 2, 2021 4:47am
My analysis of now:

Right now we're barely holding this resistance line I have, it used to be previous support. This was such an obvious place for them to try a W, I posted before that this was 1.2 (psychological level) + my horizontal line (2 signals), it's a perfect place to pull off a W to screw people.

Now with that said, I'm not entirely sure whether we will have a big pullback now or if this is the extent before the potential real one. Institutions did get decent positions, but whether or not that was enough to unload the shorts they've accumulated is an entire different question.

At the same time, the up move here seems extremely artificial again as if they're consistently buying, but that would make sense if they're covering their short and forcing a pullback to sell higher. Now is the final chance to see a massive drop IMO or we won't get the bottom we were predicting earlier

Another note is that this 4H candle has no wick bottom, so I'm hopeful we'll get one (goes back lower), but fundamentally this W pattern here successfully meets my requirements for a reversal

if the 3rd 15 min candle high holds its wick and doesn’t close above, this was just a bull trap. I can imagine people

1.) buy at 1.2
2.) get stopped on the W
3.) revenge buy once it does go up (now)
4.) drops below W (they get stopped/possibly even short)
5.) real pullback forms
Attached Image (click to enlarge)
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  • #45
  • Mar 2, 2021 5:36am Mar 2, 2021 5:36am
EUR/USD turning point on 1H chart which will occur on 2021.03.02
EST in 15 min time frame included.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.03.02.PNG Size: 33 KB
  • #46
  • Mar 2, 2021 5:44am Mar 2, 2021 5:44am
Here's what I think will happen before the bottom comes, this is what price did on 2/12 on the 15 min chart. It created the W but failed to really pass the high from the middle, the result is price dropped. Price failed to drop for because price was not at an actual support level, the whole move was artificially done.

It reminds me of this move in some way. It's more of a psychological level than an actual support, and my support line I drew earlier actually broke. We're also re-testing a broken support level as resistance. My guess is in the next 3 15 min candles, we will see extremely strong bear candles.
Attached Image (click to enlarge)
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  • #47
  • Mar 2, 2021 6:49am Mar 2, 2021 6:49am
Quoting udithag
EUR/USD turning point on 1H chart which will occur on 2021.03.02 EST in 15 min time frame included. {image}
Wow it might actually be the top now unless things suddenly change, I think I just hold my short here.
  • #48
  • Mar 2, 2021 7:33am Mar 2, 2021 7:33am
Hey I have 1 question , is it possible that a bottom turning point means its turning more down and a turning point towards a top means its turning more up? I'm still short, but just wondering if "turning point" just means that price will move. Also does the turning point happen on the 5th bar or after the 5th one? (the 6th one)
  • #49
  • Mar 2, 2021 8:07am Mar 2, 2021 8:07am
This is the 6th candle now and it looks like it's going up, I should've probably just covered at the W at 1.2. Do you think it's still going down?
  • #50
  • Mar 2, 2021 10:14am Mar 2, 2021 10:14am
I covered at 1.2064 , my signal told me to cover at 1.201 but I held it hoping for the turning point Looks like it turned up.
  • #51
  • Mar 2, 2021 10:47am Mar 2, 2021 10:47am
Quoting Kyuu
I covered at 1.2064 , my signal told me to cover at 1.201 but I held it hoping for the turning point Looks like it turned up.

Hello This time turning point has not worked. price is going high. Sometimes it completely doesnt work.
  • #52
  • Mar 2, 2021 12:03pm Mar 2, 2021 12:03pm
Quoting udithag
{quote} Hello This time turning point has not worked. price is going high. Sometimes it completely doesnt work.
Yeah, I lost so much profit because of it I can get it back, I noticed before that when you called a turning point and it did not work the same thing happened on the chart. I believe this was the turning point like you mentioned correctly and it was a bottom, but it was not the exact bottom. More of like the 2nd low of a W

My next short is at 1.21258. I think it will happen during the 4h candle of 1 am during london open. Let's see
Attached Image
  • #53
  • Mar 2, 2021 12:17pm Mar 2, 2021 12:17pm
Quoting Kyuu
{quote} Yeah, I lost so much profit because of it I can get it back, I noticed before that when you called a turning point and it did not work the same thing happened on the chart. I believe this was the turning point like you mentioned correctly and it was a bottom, but it was not the exact bottom. More of like the 2nd low of a W My next short is at 1.21258. I think it will happen during the 4h candle of 1 am during london open. Let's see {image}
Sorry for what happened bro. when that bottom was formed, there was a signal in USD/CAD and it made a top. I traded it. But lost some amount due to not working of EUR/USD signal.
  • #54
  • Mar 2, 2021 4:49pm Mar 2, 2021 4:49pm
Quoting Kyuu
{quote} Yeah, I lost so much profit because of it I can get it back, I noticed before that when you called a turning point and it did not work the same thing happened on the chart. I believe this was the turning point like you mentioned correctly and it was a bottom, but it was not the exact bottom. More of like the 2nd low of a W My next short is at 1.21258. I think it will happen during the 4h candle of 1 am during london open. Let's see {image}
hello kyu im sorry this did not go well for you

you may enjoy these where actual men - explain and point out where to educate ones self to potentially find these points ( for free i might add - not a schill)

https://www.forexfactory.com/thread/...3#post13419423

they are using sin

if you read the last few pages of time and price thread sweede touches upon the subject where he explains he has counted the number of bars if you ask sweede nicely im more than certain he will answer and questions he is very kind

both threads orginally stared by diamond minor left quite the legacy of knowledge

enlighten your self - inspire your self- good luck
  • #55
  • Mar 2, 2021 5:03pm Mar 2, 2021 5:03pm
Quoting RoninTheory
{quote} hello kyu im sorry this did not go well for you you may enjoy these where actual men - explain and point out where to educate ones self to potentially find these points ( for free i might add - not a schill) https://www.forexfactory.com/thread/...3#post13419423 they are using sin if you read the last few pages of time and price thread sweede touches upon the subject where he explains he has counted the number of bars if you ask sweede nicely im more than certain he will answer and questions he is very kind both threads...
I just read it, doesn't seem extremely reliable but I will look into it more and read from the beginning of the thread. Thanks for the link!
  • #56
  • Mar 3, 2021 2:06am Mar 3, 2021 2:06am
Any turning points today?
  • #57
  • Mar 3, 2021 2:29am Mar 3, 2021 2:29am
Quoting Kyuu
Any turning points today?
Yes There is a turning point around 10 EST. I still have not analyzed lower time frames. I will post it later
  • #58
  • Mar 3, 2021 3:04am Mar 3, 2021 3:04am
I expected this to go higher but I guess this was the turning point here. I expected this to go to 1.21258 but the W broke on a smaller timeframe so I shorted.
Attached Image (click to enlarge)
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  • #59
  • Mar 3, 2021 7:09am Mar 3, 2021 7:09am
EUR/USD turning point on 1H chart which will occur on 2021.03.03
EST in 15 min time frame included.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.03.03.PNG Size: 31 KB
  • #60
  • Mar 3, 2021 7:26am Mar 3, 2021 7:26am
Quoting udithag
EUR/USD turning point on 1H chart which will occur on 2021.03.03 EST in 15 min time frame included. {image}
I am in a terrible long right now, I hope there's a sudden turn upwards that you're predicting I thought it was going to be a top but this megaphone whipsaw and drop was insane.
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