Trends have a higher probability of continuing than not.
- #130,423
- Apr 19, 2021 9:50am Apr 19, 2021 9:50am
- Joined Jun 2009 | Status: Trader | 1,734 Posts
Market is moving from C to D (green) however we have a shallow B to C pullback and the current resistance is hitting what would be considered a 138 Fibonacci expansion. The small B to C pullback gives a probability of 80% that the market will hit the 138 (WHERE IT IS AT NOW) and pullback to the B or even lower to the 38 Fibonacci retracement before moving to the D. There is a 20% chance the market will just shoot straight to the D since it is only 70 pips on a daily chart which is reasonable with the EURUSD ADR. {image}
{image}
MY GRID. Markets are NOT random.
- #130,424
- Apr 19, 2021 9:54am Apr 19, 2021 9:54am
- Joined May 2014 | Status: Full Time Trader | 27,119 Posts | Online Now
I think for some time, the peaks can be used to scalper-sell 1.2033 area for some 7 to 12 pips..
Focus only on what truly matters!
- #130,425
- Apr 19, 2021 10:06am Apr 19, 2021 10:06am
{quote} Just got 9 pips from 1st scalper.. Waiting for next one..
also some levels on to them like you i believe (blue level cross trade opposite for 10-20 pips or something, targeting 4hr exhaustion. the orange is for visuals mostly targeting exaustion of the daily)
eu only strat.
that magnetic strategy i saw on your thread i couldnt figure out in the little tie i took a look. i use swings instead of magnets
offering my system to copy trade. check my link
- #130,426
- Apr 19, 2021 10:10am Apr 19, 2021 10:10am
- Joined May 2014 | Status: Full Time Trader | 27,119 Posts | Online Now
{quote} i kinda has the same averages as yours but on 30m {image} also some levels on to them like you i believe (blue level cross trade opposite for 10-20 pips or something, targeting 4hr exhaustion. the orange is for visuals mostly targeting exaustion of the daily) {image} eu only strat. that magnetic strategy i saw on your thread i couldnt figure out in the little tie i took a look. i use swings instead of magnets
Wishing best of success
Focus only on what truly matters!
- #130,427
- Apr 19, 2021 10:13am Apr 19, 2021 10:13am
- Joined Jun 2009 | Status: Trader | 1,734 Posts
Market is moving from C to D (green) however we have a shallow B to C pullback and the current resistance is hitting what would be considered a 138 Fibonacci expansion. The small B to C pullback gives a probability of 80% that the market will hit the 138 (WHERE IT IS AT NOW) and pullback to the B or even lower to the 38 Fibonacci retracement before moving to the D. There is a 20% chance the market will just shoot straight to the D since it is only 70 pips on a daily chart which is reasonable with the EURUSD ADR. {image}
MY GRID. Markets are NOT random.
- #130,429
- Apr 19, 2021 11:04am Apr 19, 2021 11:04am
- Joined May 2014 | Status: Full Time Trader | 27,119 Posts | Online Now
Focus only on what truly matters!
- #130,430
- Apr 19, 2021 11:30am Apr 19, 2021 11:30am
- Joined Dec 2018 | Status: Trader | 1,483 Posts | Online Now
- #130,431
- Apr 19, 2021 12:20pm Apr 19, 2021 12:20pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} As I shared already, I have been planning to react to this 1.2 level to be reached. 1.2050 has particularly been on my radar, and I have to assume that price has already been lightly rejected by it once. Even so, lightly is too often enough for me for such an important level that has such potential to become a daily resistance, if this holds today and the coming days also. Sharing daily chart belowLooking for potential long term shorts below 1.201 and if reached will probably soon be taking profits of a small portion of my...
A strong rejection of 2050 is highly probable, but less when factoring in the strength of both the 4H and the shorter term.
To my surprise, have another safe buy FOR ME at .20396 right now. Moving SL at BE if 2050 is hit. Moving on momentum and a potential clean strong break of this VERY important level.
{quote} My decisions explained in previous posts. It is time.
Moving Sls at 2005 for a small amount of my longs, so 35 + 48 + 69 + 111 + 141 + 157 (-15 if this last long before 2050 does not survive before I move SL at BE at 2040) Will be trailing these up to 2011 if reaches 2040
! Take care all and see you again I hope above 21 or below 20 !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #130,433
- Apr 19, 2021 2:01pm Apr 19, 2021 2:01pm
- Joined Nov 2019 | Status: Trader | 1,121 Posts
At the end of the day I always ask myself whether things were predictable. I see some levels that were followed, but as always I have no idea what to do with this view ;-)
Todays 23.6 is exactly ! Fridays 38.2
Todays 50 is exactly ! Fridays high
P.S.:
and now we are oscillating somehow around the middle of the 100-76.4
Todays 23.6 is exactly ! Fridays 38.2
Todays 50 is exactly ! Fridays high
P.S.:
and now we are oscillating somehow around the middle of the 100-76.4
- #130,434
- Apr 19, 2021 2:49pm Apr 19, 2021 2:49pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
At the end of the day I always ask myself whether things were predictable. I see some levels that were followed, but as always I have no idea what to do with this view ;-) Todays 23.6 is exactly ! Fridays 38.2 Todays 50 is exactly ! Fridays high {image} P.S.: and now we are oscillating somehow around the middle of the 100-76.4
that use them. My main strategies are based on never more than 2-3 levels at a time, which vary greatly from TF to TF of course.So I really wouldnt know what to do with all those levels like on your chart, I definitely feel lost looking at them!
I humbly salute all my fellow fib traders.
You also make me think of one of my oldest rules that will surely sound ridiculous to many and I wouldn t blame them:
NEVER TRY TO PREDICT. PLAN TO REACT.
I know, sounds awful and unclear and contradictory, but within the scope of my own system of strategies, it is VITAL.
Wont go into the details now as it is bed timeeeeee
Good night all
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #130,435
- Apr 19, 2021 2:58pm Apr 19, 2021 2:58pm
- Joined Nov 2019 | Status: Trader | 1,121 Posts
At the end of the day I always ask myself whether things were predictable
- #130,436
- Apr 19, 2021 3:06pm Apr 19, 2021 3:06pm
- Joined May 2014 | Status: Full Time Trader | 27,119 Posts | Online Now
Focus only on what truly matters!
- #130,437
- Apr 19, 2021 4:28pm Apr 19, 2021 4:28pm
{quote} {quote} Update I love a so predictable marketEverything as expected. Let's see now if bears are able to push it down {image}
With this Daily candle they may want to go around 1.2150/1.22 to test the 25th Feb bar. Maybe there good opportunity to sell
Always ready to get in the market in case of entry signal
- #130,438
- Apr 19, 2021 4:40pm Apr 19, 2021 4:40pm
- Joined Jun 2020 | Status: Trader | 1,175 Posts
H1 - Personal Gann Status Update While candles are above BLUE trend line and even above 1.2021 bulls have the upper hand and we must keep buying dips.. Asian session traders can attack the blue trend line but with low volume probably nothing happens until tomorrow.. On the bullish side next target is slowly dropping pip by pip the more time passes.. Currently around 1.2063.. {image}
Another day, another dollar.
- #130,439
- Apr 19, 2021 4:44pm Apr 19, 2021 4:44pm
- Joined Jun 2020 | Status: Trader | 1,175 Posts
At the end of the day I always ask myself whether things were predictable. I see some levels that were followed, but as always I have no idea what to do with this view ;-) Todays 23.6 is exactly ! Fridays 38.2 Todays 50 is exactly ! Fridays high {image} P.S.: and now we are oscillating somehow around the middle of the 100-76.4
Another day, another dollar.
- #130,440
- Apr 19, 2021 5:16pm Apr 19, 2021 5:16pm
- Joined Nov 2019 | Status: Trader | 1,121 Posts
{quote} So you always post this but you don‘t know how to trade it?