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EURUSD only

  • #132,461
  • May 19, 2021 2:45am May 19, 2021 2:45am
My perspective.
Sorry about colour (a-b-c) its blue colour. Volume decreasing be careful for new long.
Attached Image (click to enlarge)
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  • #132,462
  • Edited 3:03am May 19, 2021 2:50am | Edited 3:03am
For today ONLY: based on H4 I have 1.2147 as the D leg of an AB=CD pattern.. (pa could fall a little short because robber banks are as*holes!)

We could see a correction targeting

  1. TP1: 1.2113 area roughly (depends on where price touches trend line)
  2. TP2: 1.2052 area..
  3. TP3: 1.1986 area (but this target is a maybe!)

I hope it helps

*The moment I noticed this pattern I switched to selling high.. Initial selling should have been executed as close as it gets to 1.2147.. but I will keep selling up swings along the road..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Pattern.png Size: 26 KB
Focus only on what truly matters!
  • #132,463
  • May 19, 2021 3:11am May 19, 2021 3:11am
My scenario for a super squeeze as we are nearing 1.2350 tops. Might also go higher directly of after the correction.

Next I expect a fake breakout of the shown channel to the upside into 1.2350 region followed by a break back into the channel but only half way to load for yet another squeeze with a potential massive channel breakout to the upside before we collapse back to channel support (and maybe even lower).
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Another day, another dollar.
  • #132,464
  • May 19, 2021 3:16am May 19, 2021 3:16am
Im buying the high + 2 ticks of this just closed 15min, SL on low of the hour at that time. Growing volatility + bottom of range based.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,465
  • May 19, 2021 3:21am May 19, 2021 3:21am
Quoting Ata-Turkoglu
For today ONLY: based on H4 I have 1.2147 as the D leg of an AB=CD pattern.. (pa could fall a little short because robber banks are as*holes!) We could see a correction targeting TP1: 1.2113 area roughly (depends on where price touches trend line) TP2: 1.2052 area.. TP3: 1.1986 area (but this target is a maybe!) I hope it helps *The moment I noticed this pattern I switched to selling high.. Initial selling should have been executed as close as it gets to 1.2147.. but I will keep selling up swings along the road.. {image}
Does it mean you will start selling, or wait the price drop and buying dip or even better - do both?
  • #132,466
  • May 19, 2021 3:26am May 19, 2021 3:26am
Attached Image (click to enlarge)
Click to Enlarge Name: assd.jpg Size: 254 KB
Trendlines H1,H4, SMC
  • #132,467
  • May 19, 2021 3:44am May 19, 2021 3:44am
WHEN we cut it, we go down, I was waiting, finally
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #132,468
  • May 19, 2021 3:50am May 19, 2021 3:50am
Bought countertrend scalp!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,469
  • May 19, 2021 4:00am May 19, 2021 4:00am
Momentum intact above 1.219

Moved my countertrend scalp at BE

Im buying the high + 2 ticks of this closing 15min

Growing volatility in medium term momentum.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,470
  • May 19, 2021 4:20am May 19, 2021 4:20am
My expectation inverted H&S if i get true analysis.
  • #132,471
  • May 19, 2021 4:40am May 19, 2021 4:40am
Quoting Griffinx
{quote} Does it mean you will start selling, or wait the price drop and buying dip or even better - do both?
I already HAVE... since the moment I posted..
Focus only on what truly matters!
  • #132,472
  • May 19, 2021 5:08am May 19, 2021 5:08am
Meanwhile on H4... I am sharing a simplified version of my earlier posted levels..

  1. As long as price stays below 1.2264 I am inclined to expect bears reaching for AB=CD TP1 at least..
  2. For now 1.2212 is an obstacle.. Time will reveal how it goes..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Projections.png Size: 25 KB
Focus only on what truly matters!
  • #132,473
  • May 19, 2021 5:37am May 19, 2021 5:37am
Critical retest being conducted right now at 1.2202, however, three lines support at the same time.
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Another day, another dollar.
  • #132,474
  • May 19, 2021 5:40am May 19, 2021 5:40am
Quoting Ata-Turkoglu
For today ONLY: based on H4 I have 1.2147 as the D leg of an AB=CD pattern.. (pa could fall a little short because robber banks are as*holes!) We could see a correction targeting TP1: 1.2113 area roughly (depends on where price touches trend line) TP2: 1.2052 area.. TP3: 1.1986 area (but this target is a maybe!) I hope it helps *The moment I noticed this pattern I switched to selling high.. Initial selling should have been executed as close as it gets to 1.2147.. but I will keep selling up swings along the road.. {image}
Your trade has good profits, so you made everything correctly so far, just wanted to mention that according to my memory your wave scenarios had significantly weaker forecasting power than your usual trades, at least when I followed them. Just to say, don't get stuck with your wave scenario and remember the crowded shorts..

*Not saying that I know better, just a constructive annotation...
Another day, another dollar.
  • #132,475
  • May 19, 2021 5:54am May 19, 2021 5:54am
Quoting Ata-Turkoglu
For today ONLY: based on H4 I have 1.2147 as the D leg of an AB=CD pattern.. (pa could fall a little short because robber banks are as*holes!) We could see a correction targeting TP1: 1.2113 area roughly (depends on where price touches trend line) TP2: 1.2052 area.. TP3: 1.1986 area (but this target is a maybe!) I hope it helps *The moment I noticed this pattern I switched to selling high.. Initial selling should have been executed as close as it gets to 1.2147.. but I will keep selling up swings along the road.. {image}
Ata, thank you for letting us know about the crippling sound of bulls turning into oxen. Highly appreciated! I could revert the direction of my trades swiftly and make some good money out of it at last!
  • #132,476
  • May 19, 2021 5:58am May 19, 2021 5:58am
and now we can go UP ... :-)
to confirm down
Attached Image (click to enlarge)
Click to Enlarge Name: up.jpg Size: 247 KB
Trendlines H1,H4, SMC
  • #132,477
  • May 19, 2021 6:06am May 19, 2021 6:06am
Quoting nic9man
{quote} Your trade has good profits, so you made everything correctly so far, just wanted to mention that according to my memory your wave scenarios had significantly weaker forecasting power than your usual trades, at least when I followed them. Just to say, don't get stuck with your wave scenario and remember the crowded shorts.. *Not saying that I know better, just a constructive annotation...
Thanks and yes as I admitted several times in the past, Elliot waves are only a hobby for me.. I don't like to rely on them that much.. I use them only as a rough guidance like a birds eye view.... The real deal happens generally around angled lines and that's what I am focused on lately.. "Geometry" makes up the most of my trading mentality!
Focus only on what truly matters!
  • #132,478
  • May 19, 2021 6:13am May 19, 2021 6:13am
Quoting yvestrcz
{quote} Ata, thank you for letting us know about the crippling sound of bulls turning into oxen. Highly appreciated! I could revert the direction of my trades swiftly and make some good money out of it at last!
Good it helps.. and lol.. I like that metaphor..
Focus only on what truly matters!
  • #132,479
  • May 19, 2021 6:20am May 19, 2021 6:20am
Quoting Ata-Turkoglu
{quote} Thanks and yes as I admitted several times in the past, Elliot waves are only a hobby for me.. I don't like to rely on them that much.. I use them only as a rough guidance like a birds eye view.... The real deal happens generally around angled lines and that's what I am focused on lately.. "Geometry" makes up the most of my trading mentality!
I admit Elliot wave is very difficult. Sometime we didnt know its rising or not or its failur or not. So really subjective. To improve it, i forgot my oldest strategy for GBPUSD, i trade only eurusd, if it was done i got trading feel i use both strategies
  • #132,480
  • May 19, 2021 6:20am May 19, 2021 6:20am
Quoting Ata-Turkoglu
{quote} Good it helps.. and lol.. I like that metaphor..

Thanks boss, ur information help us alot. May Allah bless u
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