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  • #128,561
  • Mar 12, 2021 3:46am Mar 12, 2021 3:46am
Quoting Kyuu
{quote} markets consolidated like I expected but this is a BIG consolidation... I believe tomorrow will be a big M or W top/bottom day. I’m going to 100% wait for a sign of manipulation to happen Before entering, I’m expecting lots of whipsaws around London open before the real power move. Whatever the real move is, I hope it’s a big move day and not just a dirty expanding consolidation until Monday
I wouldn't be 100% confident the direction is down yet... I expected the week to end bearish and this move has been a straight direction and very "obvious" since we ranged for so long (some reverse psychology "obvious" moves aren't obvious..), but we just broke this hourly support line. I'm currently looking for a long opportunity and my specific pattern right now, if it doesn't happen then I will simply short a pullback. This would be a good area or 1.1905 area for bulls to come back (where megaphone support line lies)
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  • #128,562
  • Mar 12, 2021 3:50am Mar 12, 2021 3:50am
My decision making's been terrible lately. Had a really nice run for a couple of months consistently but seem to be chasing my tail a bit now. Just wanted to say that I appreciate all of your analyses, it's good to see so many different takes. We're all just trying to figure it out eh.
A wise man changes his mind, a fool never will
  • #128,563
  • Mar 12, 2021 3:50am Mar 12, 2021 3:50am
1.1892 tp next and then ok for the day
Trends have a higher probability of continuing than not.
  • #128,564
  • Mar 12, 2021 3:54am Mar 12, 2021 3:54am
1.19146 is my key level.
  • #128,565
  • Mar 12, 2021 3:56am Mar 12, 2021 3:56am
Quoting corongumet
1.19146 is my key level.
Same tP 1.20
  • #128,566
  • Mar 12, 2021 3:58am Mar 12, 2021 3:58am
Quoting corongumet
1.19146 is my key level.
fokus to other scenarios
  • #128,567
  • Mar 12, 2021 3:59am Mar 12, 2021 3:59am
Last chance for bulls! If my pattern doesn't show up soon, I will accept we are going further down. This can still be a pullback for bulls, even though the speed is more of a trend. If this breaks and my pattern for buying doesn't show up, I will look to short a retracement to any of my horizontal levels
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  • #128,568
  • Mar 12, 2021 4:27am Mar 12, 2021 4:27am
Bulls, where are thou... This week sef ehh, e choke o
Risk comes from not knowing what to do
  • #128,569
  • Mar 12, 2021 4:30am Mar 12, 2021 4:30am
Quoting Kyuu
Last chance for bulls! If my pattern doesn't show up soon, I will accept we are going further down. This can still be a pullback for bulls, even though the speed is more of a trend. If this breaks and my pattern for buying doesn't show up, I will look to short a retracement to any of my horizontal levels {image}

Looks like an incomplete impulse wave down. Bulls hiding?
  • #128,570
  • Mar 12, 2021 4:31am Mar 12, 2021 4:31am
Quoting Austyno
Bulls, where are thou... This week sef ehh, e choke o
Bruh you Nigerian ??
  • #128,571
  • Mar 12, 2021 4:44am Mar 12, 2021 4:44am
Looks like I may have missed the signal, I will enter long for sure if price gets to 1.1905 area if I see my pattern. Otherwise, I will look for a pullback to long if this goes any higher if this manages to go to 1.193 straight away. I don't believe this bounce was from the correct support line so I am waiting
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  • #128,572
  • Mar 12, 2021 5:07am Mar 12, 2021 5:07am
Im done for this week but my perspective short. My reason about bonds. And break my key level.
110pips for this week.
  • #128,573
  • Mar 12, 2021 5:28am Mar 12, 2021 5:28am
Omo this week really choke....bulls abeg gbera naa
  • #128,574
  • Edited 7:52am Mar 12, 2021 6:17am | Edited 7:52am
The reversal down before 1.2 and the sustained 70 PiPs drop must have been a bloodbath for many.

I did ok as I went net short at the top and more importantly woke up late and started longing 1.193
Now I'm long at 1.19165 average. Plan is to take out higher longs up to 1.1937 and reduce the position which currently is 12% of account.

The current low seems to be a good enough base for a good retr. 1.194 ? Don't know if it's going to be the end of this down but I still believe we have business to complete at 1.2

UPDATE. As was easily predictable (at this point) it went up sufficiently (1.1928) for me to reduce position to 5% of account [at 1.1912] and net +2% on equity. If it goes up more I'll close half of the long and let the remainder either grow into a great profit at 1.2, or go underwater and manage it, if the low is violated.

UPDATE. Now long 3% of account at 1.1912 I am well positioned. In the words of JFK: "We choose to take EURUSD to 1.2 and do the other things, not because they are easy, but because they are fun... as we set sail on this journey we ask the banksters blessing"

https://youtu.be/th5A6ZQ28pE?t=177

UPDATE. On a slightly more serious note, though, it is encountering some opposition at 1.1939. Come on guys! What's the big deal?! You miss this swing. You'll catch the next one. You'll still get your new Ferrari at the end of the year. Let it go.

UPDATE. 1.1927! Who's the bankster that stopped this move. Damn. I had twenty bucks riding on this. 1.1922!?
Practitioner of the cryptic trading arts
  • #128,575
  • Mar 12, 2021 6:26am Mar 12, 2021 6:26am
Ignore all the lines, just the shaded box area

We are currently re-testing an important zone level, I'm expecting this to bounce down from here and would like to potentially long when we break the current drop low depending on if I see my pattern there. If we break above this zone, we will most likely continue on upwards and this was just a pullback for a long which I missed.

We can also just simply reject this zone and would be a good time to enter short if you are looking to sell. The only reason I'm not shorting here is because there looks like a W has formed earlier than I expected which sucks
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  • #128,576
  • Mar 12, 2021 6:30am Mar 12, 2021 6:30am
We could also be testing this previous broken support as resistance, but it looks to me more like accumulations of longs at a place where most people may have gotten stopped. If this goes up without me, I'll make note that the obvious support line W reversal takes priority over the not so obvious one.
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  • #128,577
  • Mar 12, 2021 7:01am Mar 12, 2021 7:01am
Quoting Akunigeria
{quote} Bruh you Nigerian ??
Yes bro
Risk comes from not knowing what to do
  • #128,578
  • Mar 12, 2021 7:28am Mar 12, 2021 7:28am
Honestly the most fucked week in a while
  • #128,579
  • Mar 12, 2021 7:31am Mar 12, 2021 7:31am
Quoting Kyuu
{quote} I wouldn't be 100% confident the direction is down yet... I expected the week to end bearish and this move has been a straight direction and very "obvious" since we ranged for so long (some reverse psychology "obvious" moves aren't obvious..), but we just broke this hourly support line. I'm currently looking for a long opportunity and my specific pattern right now, if it doesn't happen then I will simply short a pullback. This would be a good area or 1.1905 area for bulls to come back (where megaphone support line lies) {image}
Even though we've had a up move, price action shows that this is a very weak bounce from the bulls. I expect this to break the current low. For now, I'm still sidelines until I see a clear M or W , right now it's just chaos to me.
  • #128,580
  • Mar 12, 2021 8:37am Mar 12, 2021 8:37am
H1 Status Update

Based on M15 I kept my long order open the entire day and actually did nothing else than trading a few times with a 2nd scalper-buy order as usual.. Main order from 1.1961 is still waiting under water.. My last man standing level is my H1 blue ma line area.. If that zone clearly breaks I will give up on the main order.. For now I still have hope for bulls and so I wait with the awareness that it is currently risky for both sides.. Cheers

*Long story short: Yes below GREEN line bears have the upper hand and proper way was to sell aggressive sell level 1.1938 on this chart but as you can see BLUE line is also a squeezer and helper of bulls which adds complexity to the normal flow..
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Focus only on what truly matters!
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