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  • #130,541
  • Apr 21, 2021 3:35am Apr 21, 2021 3:35am
I hate this.... ( I was outside with my family..)
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  • #130,542
  • Apr 21, 2021 3:38am Apr 21, 2021 3:38am
The wedge I posted failed again, this one is still possible, however. If this failes again, I give up with these intraday wedges... Normally they had a good hit ratio.
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Another day, another dollar.
  • #130,543
  • Apr 21, 2021 3:39am Apr 21, 2021 3:39am
Quoting nic9man
The wedge I posted failed again, this one is still possible, however. If this failes again, I give up with these intraday wedges... Normally they had a good hit ratio. {image}
I noticed this on Euro. Breakouts worked very well for a while then stopped working so I drifted away from the pair. I wont trade them anymore on EU, just confluence levels on lower TFs
  • #130,544
  • Apr 21, 2021 3:39am Apr 21, 2021 3:39am
Good morning all! And big moves at this critical level !

This has been the level to which I had envisioned it would reverse and start going south. But things have evolved significantly in the last 2 hours and had to change plan significanly to adapt. This is a great opportunity to buy, although risky.

I now have a reversal on volatility and I have bought at 2011. Updating soon
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #130,545
  • Apr 21, 2021 3:50am Apr 21, 2021 3:50am
Quoting mysterio
{quote} I noticed this on Euro. Breakouts worked very well for a while then stopped working so I drifted away from the pair. I wont trade them anymore on EU, just confluence levels on lower TFs
After the 1.17 lows there were, however, two convoluted falling wedges which I traded and which worked well. But of course wedges on a higher time frame have more significance.
Another day, another dollar.
  • #130,546
  • Apr 21, 2021 4:10am Apr 21, 2021 4:10am
Quoting nic9man
{quote} After the 1.17 lows there were, however, two convoluted falling wedges which I traded and which worked well. But of course wedges on a higher time frame have more significance.
To me it's a great pattern, i use it almost daily. I have to combine it with a potential reversal level though, ideally some divergence too. Good confirmation for a reversal entry.
  • #130,547
  • Apr 21, 2021 4:21am Apr 21, 2021 4:21am
A small short position with a 10 pip SL, @ 1.2014, TP 1.1989.
  • #130,548
  • Apr 21, 2021 4:30am Apr 21, 2021 4:30am
sincere for loss

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The Average Discount Everything
  • #130,549
  • Apr 21, 2021 4:57am Apr 21, 2021 4:57am
Quoting Godzilla
{quote} next stop 2012
1983/73 should be heavy resistance. daily TL and 200 MA
  • #130,550
  • Apr 21, 2021 5:36am Apr 21, 2021 5:36am
What a busy day ! Sorry.. Good thing "soon" is relative Cant wait to come back to read you all and share some of my latest views and updates !

Keeping it short because I am surprisingly being called upon.

My latest BUY is for a longer term trade.... Will share more details a bit later ...


Bears have great momentum for over 24h ! but they are facing their own thick wall of brick to break or be broken against now ! Lets be carefull!

This months bull momentum is maybe under pressure for the first time ! Lets be carefull!

carefull here = potential reward much bigger than risk
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #130,551
  • Apr 21, 2021 5:47am Apr 21, 2021 5:47am
Quoting nic9man
{quote} After the 1.17 lows there were, however, two convoluted falling wedges which I traded and which worked well. But of course wedges on a higher time frame have more significance.
And there you have a small falling wedge forming on psych level 1.20 with some bull divergence. Lets see if it comes good
  • #130,552
  • Apr 21, 2021 5:54am Apr 21, 2021 5:54am
M30
Since 1 April, MA100 has always rejected MA50. They come closer again.
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  • #130,553
  • Apr 21, 2021 7:40am Apr 21, 2021 7:40am
Quoting corongumet
{image}
If, its correct. We must be patient 1.1930-1.1870 its possible to up before back to down.
  • #130,554
  • Apr 21, 2021 7:54am Apr 21, 2021 7:54am
With a zoomed in look at my personal Gann lines, we can see that 1.20215 is synced with my other chart's 1.2022 to serve as a good resistance area.. Roughly this yellow triangle can be used to look for sell setups.. Once sold, stops should go at least to 1.2035 or above!

*However, an upwards breakout from the descending black trend line can still cause a retest of 1.2043 area! Think of this whole process as the attempt to retest the neckline of most recent H&S pattern on this time frame.. Candles should not close above 1.2030 to keep bears in tact..
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Focus only on what truly matters!
  • #130,555
  • Apr 21, 2021 8:14am Apr 21, 2021 8:14am
Sighs... Once again robber banks didn't give us the chance to sell this comfortably.. They have cut the neckline retest attempt too early (not a surprise).. Back to the drawing board.. I wait on side lines!
Focus only on what truly matters!
  • #130,556
  • Apr 21, 2021 8:36am Apr 21, 2021 8:36am
Quoting Ata-Turkoglu
Sighs... Once again robber banks didn't give us the chance to sell this comfortably.. They have cut the neckline retest attempt too early (not a surprise).. Back to the drawing board.. I wait on side lines!
First time in this forum... great energy and knowledge share. A lot to learn from you guys!
Regards from HK.
  • #130,557
  • Apr 21, 2021 8:38am Apr 21, 2021 8:38am
Quoting mtako
Good morning all! And big moves at this critical level ! This has been the level to which I had envisioned it would reverse and start going south. But things have evolved significantly in the last 2 hours and had to change plan significanly to adapt. This is a great opportunity to buy, although risky. I now have a reversal on volatility and I have bought at 2011. Updating soon
Bears still have the upper hand, and they have got non-stop 26 hours old momentum.

In my book, they still have it just as strongly now.

At this very moment, to break that momentum, price would have to get back into the 2030s today, or at the very least, stagnate in the 2010s or 2020s, that could a bit later...

Volatility has finally ceased to grow after 5 good hours, and it has done so AT SUPPORT. That is where it changes everything, if momentum breaks up soon.

Very good sign for the bulls! But not enough for a complete reversal and continuance up right now.

Bears probably reached their max volatility of the day and now would depend on their momentum for a slow but deadly push down further.

Bulls need that bears momentum to break apart first. Probably through a ranging period, but quite possibly also through an uptake of volatility on their side or a slow but deadly momentum takeover.

Worst time to buy? Yet I buy. If a true diviner came to tell me it would continue to drop, I would still buy here.


Would like to share more on why a bit later, especially if anyone is interested by my take.


Cheers Guys, and Gals(who knows?!)

P.S I am receiving a lamb today ! Making room, in the freezer + in my stomach !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #130,558
  • Apr 21, 2021 8:41am Apr 21, 2021 8:41am
Let's see if it goes up and if yes please tell us later why you were so confident to buy...
Another day, another dollar.
  • #130,559
  • Apr 21, 2021 8:44am Apr 21, 2021 8:44am
Quoting JoyHK
{quote} First time in this forum... great energy and knowledge share. A lot to learn from you guys! Regards from HK.
Thanks buddy, welcome and enjoy the family
Focus only on what truly matters!
  • #130,560
  • Apr 21, 2021 8:45am Apr 21, 2021 8:45am
Quoting nic9man
Let's see if it goes up and if yes please tell us later why you were so confident to buy...
He could be right.. Based on my H1 chart I am aware that 1.1992 is nearest crucial support at the moment.. I think he has similar signs on his system whispering that bulls might be lurking.. Based on retail orders statistics we still have too many sellers! Time will tell.. Again: tricky day! Trade safe!
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Focus only on what truly matters!
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