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EURUSD only

  • #133,001
  • May 26, 2021 1:36am May 26, 2021 1:36am
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  • #133,002
  • May 26, 2021 1:51am May 26, 2021 1:51am
Quoting Ata-Turkoglu
{quote} For those who still hesitate to sell, based on M15 I can say resistance has now dropped to 1.2257..
Well, yes. It looks so much different all of a sudden... :-D
  • #133,003
  • May 26, 2021 2:01am May 26, 2021 2:01am
Quoting yvestrcz
{quote} Well, yes. It looks so much different all of a sudden... :-D
Hints such as it's getting ready for a drop.
  • #133,004
  • May 26, 2021 2:10am May 26, 2021 2:10am
Meanwhile my S/R levels on H4...

Wherever you are planning to sell, stops should go a little above 1.2289..

*For now 1.22585 area is nearest resistance! <--- Based on M15 potential cypher, bulls can still retest this level!
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Focus only on what truly matters!
  • #133,005
  • May 26, 2021 2:18am May 26, 2021 2:18am
Quoting Ata-Turkoglu
Meanwhile my S/R levels on H4... Wherever you are planning to sell, stops should go a little above 1.2289.. *For now 1.22585 area is nearest resistance! <--- Based on M15 potential cypher, bulls can still retest this level! {image}
The line you draw is with certain angle?
  • #133,006
  • May 26, 2021 2:28am May 26, 2021 2:28am
Quoting fxmfarmer
{quote} The line you draw is with certain angle?
The a to c line is my reference angle..
Focus only on what truly matters!
  • #133,007
  • May 26, 2021 2:37am May 26, 2021 2:37am
Quoting Ata-Turkoglu
{quote} The a to c line is my reference angle..
Is your AB=CD still valid?
Trade to enjoy... Money is after!
  • #133,008
  • May 26, 2021 2:40am May 26, 2021 2:40am
Quoting saninvestor
{quote} Is your AB=CD still valid?
The drop is real so far isn't it? I like to assume it is still valid but it doesn't hinder me to keep selling cautiously..

*One more thing: yesterday when I went long at 1.2227 I mentioned that there is always draw down and that price will come back to the most current lows.. Now maybe AB=CD is not valid and this is just a revisit to these lows.. Long story short: I am still trading mixed.. Today seems to be a bearish day and I will keep selling up swings.. Tomorrow maybe I switch back to buying.. can't tell yet..

**Also notice that 1.2225 is crucial support for today.. Once/if we get there we have to be careful with shorts!
Focus only on what truly matters!
  • #133,009
  • May 26, 2021 2:56am May 26, 2021 2:56am
YaY!! Got out of my shorts via a limit order @ 2237 with some nice pips having sold some more right after my last post. Patting myself on back for picking that exit level!!

new long entry entered shortly after @ 2240 (was dozing when it triggered and wake up to see it closed lol). Looking at the current hourly chart not sure about this one. Is a very long wick down. Feels like it will continue down in the next 15 for a new hour. Else I picked one hell of a new long entry for the next leg up.
--post hoc ergo propter hoc--
  • #133,010
  • May 26, 2021 3:00am May 26, 2021 3:00am
Quoting energies
....soon big suprise ! {image}
It has been more than 3 work-days since your "surprise" announcement.. Can you grasp why I keep telling you "step by step"? I hope my comments will begin to make sense to you one day..
Focus only on what truly matters!
  • #133,011
  • Edited 3:13am May 26, 2021 3:01am | Edited 3:13am
Quoting Ata-Turkoglu
{quote} The drop is real so far isn't it? I like to assume it is still valid but it doesn't hinder me to keep selling cautiously.. *One more thing: yesterday when I went long at 1.2227 I mentioned that there is always draw down and that price will come back to the most current lows.. Now maybe AB=CD is not valid and this is just a revisit to these lows.. Long story short: I am still trading mixed.. Today seems to be a bearish day and I will keep selling up swings.. Tomorrow maybe I switch back to buying.. can't tell yet.. **Also notice that 1.2225...
Based on H4 I can see price is failing to record new high.
Based on daily it seems yesterday's up move beyond 5days range before, was a fake breakout, if today close 1.2224.
Based on weekly it's just rejecting very strong resistance 1.2267.

I need day close below 2224 to turn my bias to bearish.
Also your levels are interesting.
Trade to enjoy... Money is after!
  • #133,012
  • May 26, 2021 3:12am May 26, 2021 3:12am
H1 Status Update

Now.. because it is still a low volume day I stepped down to H1...

  1. Notice that price stalls at GREEN line: 1.2241
  2. Bulls have still the upper hand on this time frame BUT bears are probably trying to retest lows like 1.2225 and 1.2211 area.. Therefore no rush in buying.. Sideways to choppy pa is slowly appearing..
  3. If bulls can clear 1.2263 we can speak of new highs BUT my bias is to sell these highs for today.. Maybe I am wrong and it is better to buy the dips towards 1.2225.. You decide.. It is a mixed day for sure!

I hope it helps

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Focus only on what truly matters!
  • #133,013
  • Edited 3:46am May 26, 2021 3:21am | Edited 3:46am
Quoting Monk
new long entry entered shortly after @ 2240.
sl set @ 2223 and limit @ 2258

looking at the daily and then weekly chart it looks like a spring being wound up on the daily between 2175 and 2225 and then the weekly it appears will be back down towards 1700 as some sort of a retracement of the near 100% retrace of last rise from 1700 to 2200 over November December 2020

Have very little experience marking up charts like ones posted here but in morning over coffee will try my hand at marking one up.

as I type this I think of a recent post from Ata reminding most of us here are looking at daily / weekly or even session to session trades and not long term swing. So this isn’t so mych a claim ho the Big Drop coming but thet over the next couple months or so my overall mindset should be bearish on a really high view.

feeking like some pieces of the puzzle have clicked into place over the last few weeks.

baeed on this weeks trades in happy and proud to announce my initial live account is now officially positive having seen a near 50% drawdown starting from my first day of live trading. The last month have done well pulling it back up to par: I can officially say I have “made money” trading forex...assuming I stop today and withdrawal funds lol. That’s certainly not happening. I’m sure not too long from now I’ll have dropped myself into another hole and will figure out the way out of that one as well.
--post hoc ergo propter hoc--
  • #133,014
  • May 26, 2021 3:42am May 26, 2021 3:42am
1.2237 is a buy opportunity
Another day, another dollar.
  • #133,015
  • May 26, 2021 3:55am May 26, 2021 3:55am
Well shoot just blew my winning streak with an 8 pip loss trade due to a typo. Meant to set my @ 2223 and actually set it to 2232 lol

downside to trading from phone in the dark with one eye closed because I refuse to accept the fact I’m now old enough to require reader glasses. My wife would just shake her head and say “see? I told you” thankfully the position was only 20k and not 200k

entered new long @ 2235 and this time put the right stop number in.
--post hoc ergo propter hoc--
  • #133,016
  • May 26, 2021 4:11am May 26, 2021 4:11am
Quoting nic9man
1.2237 is a buy opportunity
I thought the same, probably this is a stoprun on 1.2255. I am long at 1.2235. SL is at BE.
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #133,017
  • May 26, 2021 4:34am May 26, 2021 4:34am
H4 close above 1.2239 still no selling for me at this level
* M30 and up still rejected by previous week high. Still tough time for bull.. mixed signal like your crush
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Don't mind me.. i'm crazy
  • #133,018
  • May 26, 2021 4:36am May 26, 2021 4:36am
hmm m1 orderblock is mitigated. let's see if it goes further up
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #133,019
  • May 26, 2021 4:41am May 26, 2021 4:41am
I can already share my Daily S/R levels for Thursday..

  1. 1.2221/27 is where the cookie crumbles.. While above bulls have the upper hand!
  2. To me it feels better to sell the bullish attacks towards 1.2268/85 zone.. but buying dips towards 1.2220 could also serve well ---> Mixed days!

I hope it helps..

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Focus only on what truly matters!
  • #133,020
  • May 26, 2021 4:44am May 26, 2021 4:44am
Quoting str8v4lu3
hmm m1 orderblock is mitigated. let's see if it goes further up
I like your order block call @ 1.2265 daily more than this one on M1.
I think order blocks on H4 and daily are pretty reliable.
Trade to enjoy... Money is after!
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