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  • #132,661
  • May 20, 2021 10:21pm May 20, 2021 10:21pm
Quoting purevenom
1.2239 is year open in my broker. This month better close above it for a solid bull I scalp a bit from it {image}
White line still persistent. Move my buy stop at 1.22222
I have minor resistant between 1.2252-1.2262 but it is a daily level fib. so it is much better for bull to close above it
I'll watch a reversal pattern if i'm able & have a time to scalp short. Could be dangerous though since it currently hoovering few pips below it
Don't mind me.. i'm crazy
  • #132,662
  • Edited May 21, 2021 12:08am May 20, 2021 11:55pm | Edited May 21, 2021 12:08am
Good morning folks...

H4 still says wait and be patient.. So, me and my sell order are basically doing that!

*Notice how bulls are pushing for this tiny wave 3 to break resistance.. I think wave 5 might even pierce it or break it.. Meaning: leave enough room for your stops because if bulls don't surprise us, then there could be some serious stop hunting towards 1.2250/55 at least!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Pattern.png Size: 24 KB
Focus only on what truly matters!
  • #132,663
  • May 21, 2021 12:05am May 21, 2021 12:05am
In correlation with H4, here are my DAILY S/R levels for Monday (because next day's projected levels generally end up being more precise for what happens today):

  1. 1.2254 could reject or repel bulls for a while!
  2. Bears still have to break below red MA line. That's currently a supportive zone sitting at 1.2188/1.2203!
  3. Overall bulls have the upper hand and time (and today's news) will tell us more!

I hope it helps

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 26 KB
Focus only on what truly matters!
  • #132,664
  • May 21, 2021 1:13am May 21, 2021 1:13am
I will set sell limit around 1.22676 and 1.22722 SL 30 pips and 20 pips
  • #132,665
  • May 21, 2021 1:15am May 21, 2021 1:15am
One could enter after a break, or waited for a bounce, some levels of interest for buying with red cyrcles.

Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #132,666
  • May 21, 2021 1:28am May 21, 2021 1:28am
Morning all ,

We are at crucial moment. If bears take it back before weeks high testing, it will be right here.

Bulls momentum is tight and steady and strong on many TFs. It has not been bothered at all.

Bears can and will shake the cage at any moment, but so far so good. Important to keep SLs tight under these conditions.

If this intraday momentum holds steady, we are looking at straight to weeks high breaking. BUT if momentum is broken apart, it probably is for a good retracement. Moving position 2226 SL at 2219 now and also have a new setup BUY STOP 2241, also momentum based. Cancelled if .2223 hit before.

Levels of update below are still valid :


Quoting mtako
{quote} ...Usual first TP would be dynamic and depends on momentum strength around the time the level would be reached, 1st level being : 2260, 2nd level 2318, 3rd too early to tell and for now improbable, will see at 2nd. If Stopped out but price as not been brought down below 2211, intraday momentum will have stayed intact enough for original Buystop to be reinstated. And a new messy chart since previous ones had some interest (second chart is also the 15m). Good night all ! {image} {image} {image}

Quoting mtako
Great time for positions with extra tight stops and much bigger TPs. With short-term (15m) momentum potential + longer-term, posted in previous post were more details.. Buy stop 2226 Trailing SL from 2206 {quote}

Wish you all a great trading day,
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,667
  • May 21, 2021 1:28am May 21, 2021 1:28am
I am already short from 1.2217.. I hate to say it BUT those who didn't sell yet should stay away from selling while price is above 1.2233.. Because bulls have succeeded to build a quick supportive barrier there.. These delays only makes things tougher for bears.. I hope the commander of bears comes up with better strategies

Let's see how market will react to upcoming numbers from the European zone..

*Worst case scenario for bears: a spike all the way up to 1.2288!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Projections.png Size: 29 KB
Focus only on what truly matters!
  • #132,668
  • May 21, 2021 1:43am May 21, 2021 1:43am
The commander of bears heard me

*This drop could be a wave 4 on H1.. Meaning: danger is not over yet until wave 5 is complete.. Can take time..
Attached Image
Focus only on what truly matters!
  • #132,669
  • May 21, 2021 1:49am May 21, 2021 1:49am
Quoting Ata-Turkoglu
The commander of bears heard me *This could be a wave 4 on H1.. So danger is not over yet until wave 5 is complete.. Can take time.. {image}
Ata, what is your recommendation now? Wait till (if) it bounces off 1.2222, and then go short?
  • #132,670
  • May 21, 2021 1:50am May 21, 2021 1:50am
Quoting yvestrcz
{quote} Ata, what is your recommendation now? Wait till (if) it bounces off 1.2222, and then go short?
My recommendation is to be patient until bulls are really done.. I sold early for sure!
Focus only on what truly matters!
  • #132,671
  • May 21, 2021 1:50am May 21, 2021 1:50am
Quoting Ata-Turkoglu
The commander of bears heard me *This drop could be a wave 4 on H1.. So danger is not over yet until wave 5 is complete.. Can take time.. {image}
The commander of bulls is there also...
Attached Image (click to enlarge)
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I am who I am
  • #132,672
  • May 21, 2021 1:50am May 21, 2021 1:50am
Quoting Ata-Turkoglu
I am already short from 1.2217.. I hate to say it BUT those who didn't sell yet should stay away from selling while price is above 1.2233.. Because bulls have succeeded to build a quick supportive barrier there.. These delays only makes things tougher for bears.. I hope the commander of bears comes up with better strategies Let's see how market will react to upcoming numbers from the European zone.. *Worst case scenario for bears: a spike all the way up to 1.2288! {image}
Still for now to many sellers.
I will wait at 1.228 and enter the market.
  • #132,673
  • May 21, 2021 1:52am May 21, 2021 1:52am
Quoting imwim
{quote} The commander of bulls is there also... {image}
That's not a commander.. that's an egg
Focus only on what truly matters!
  • #132,674
  • May 21, 2021 1:54am May 21, 2021 1:54am
Quoting Griffinx
{quote} Still for now to many sellers. I will wait at 1.228 and enter the market.
Yes.. thanks.. No worries, I am aware..
Focus only on what truly matters!
  • #132,675
  • May 21, 2021 1:55am May 21, 2021 1:55am
80% of lots of FF are shorts. If I understood correctly, that is something that is important when looking at the ratio. Correct me anyone.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,676
  • May 21, 2021 1:59am May 21, 2021 1:59am
oooo nice volatility war long setup almost confirmed. Triggered at 2229, SL below low of the hour, TP depends on volatility reversal, as there usually is one after major move is over...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,677
  • May 21, 2021 2:02am May 21, 2021 2:02am
Somber olympics.
https://forexfore.blog/2021/05/21/vo...y-retribution/
  • #132,678
  • May 21, 2021 2:04am May 21, 2021 2:04am
Quoting purevenom
{quote} White line still persistent. Move my buy stop at 1.22222 I have minor resistant between 1.2252-1.2262 but it is a daily level fib. so it is much better for bull to close above it I'll watch a reversal pattern if i'm able & have a time to scalp short. Could be dangerous though since it currently hoovering few pips below it
Almost hit.. lucky i set it below fractal. Still have hope since H1 close reject it. Though not sure if my be+ survive it if it aim to retest
* FF Sellers raise another 1%. That's why it bounce back up
Good luck guys.. 20 more minutes for the red dead redemption.
Don't mind me.. i'm crazy
  • #132,679
  • May 21, 2021 2:06am May 21, 2021 2:06am
Meanwhile on my H4 Tradingview chart.. obstacles on both directions.. Both, bear army and bull army commanders will probably have a loooooong day 1.2216 is nearest obstacle for bears!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Tradingview.png Size: 65 KB
Focus only on what truly matters!
  • #132,680
  • Edited 2:22am May 21, 2021 2:08am | Edited 2:22am
Quoting mtako
80% of lots of FF are shorts. If I understood correctly, that is something that is important when looking at the ratio. Correct me anyone.
Yup! Since most traders (i.e. their overall lot size) are "wrong" logic says to do the opposite of what majority is doing.. Ka'chinggggg!

*But of course there can be exceptions from time to time because of interference from sudden news, manipulation or harmonic patterns! For this one I have chosen to trade the AB=CD pattern.. We can never be sure if these things will work out as expected but we have to go with what we see!
Focus only on what truly matters!
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