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  • #133,821
  • Jun 2, 2021 10:34am Jun 2, 2021 10:34am
Back short EUR/USD and looking for 1.2185 profit target
It's a big game.
  • #133,822
  • Jun 2, 2021 10:34am Jun 2, 2021 10:34am
Quoting Monk
Trying a short @ 2215. Caught one down last night but missed the up move - damn sleep.
Still a little early for me.. but when looking at H4.. I must say wow.. look at this choppiness.. Really interesting! 1.2222 looks better to begin scalp-selling.. Remember: Bulls are leading now!
Attached Image (click to enlarge)
Click to Enlarge Name: H4_Channel.png Size: 33 KB
Focus only on what truly matters!
  • #133,823
  • Jun 2, 2021 10:40am Jun 2, 2021 10:40am
Quoting 19monza64
{quote} I was referring to the stop losses you communicated this morning. However bought 1{image}.2180
EU close buy 1.2214 +34 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 65 KB
  • #133,824
  • Jun 2, 2021 10:40am Jun 2, 2021 10:40am
Quoting Ata-Turkoglu
{quote} Still a little early for me.. but when looking at H4.. I must say wow.. look at this choppiness.. Really interesting! 1.2222 looks better to begin scalp-selling.. Remember: Bulls are leading now! {image}
yea - going to take awhile to figure out my timing. Starting to broaden my positions a little meaning if I’m thinking bearish get in small at some level close to good then if too early add to it little higher up. Do that a few times and ideally by the 3rd entry starts to go in my favor and collect in the way down.

ideally would do it the other way and be adding new positions while in profits not a loss. Sometimes I get those trades but usually I’m in a little too early. Have gotten better at not getting in late though which is always a failure it seems
--post hoc ergo propter hoc--
  • #133,825
  • Jun 2, 2021 10:57am Jun 2, 2021 10:57am
Based on H1, if 1.22025 area supports at next retesting bulls could continue.. Back to 1.2237 is not a dream!
Focus only on what truly matters!
  • #133,826
  • Jun 2, 2021 11:18am Jun 2, 2021 11:18am
Quoting Ata-Turkoglu
Based on H1, if 1.22025 area supports at next retesting bulls could continue.. Back to 1.2237 is not a dream!
yea...this is one of those times was expecting a rejecting and just seems to be catching its breath for the next push. Down maybe a pip and thinking closing it a soon as I can and reversing
--post hoc ergo propter hoc--
  • #133,827
  • Jun 2, 2021 11:32am Jun 2, 2021 11:32am
Quoting MzansiObi
{quote} Lol that would be great...lol just one long chunky bullish candle.... But heres another H4 chart to further drive ur point regarding current structure.... As i see it, theres some confluence in what EU is doing given yesterdays close..... spotting a pattern within a pattern now, the green depicts H4 HnS with right shoulder in place and target depicted, while the blue depicts a breakout of the wedge on H4 also with target attained, now any shorts on confirmation of HnS neckline break and Wedge breakout will have me use the respective targets...
Wedge support still holding up, price still inside the H4 neckline.....
H1 close above 1.22151 will place some buy orders with 20 pip sl looking for the right shoulder/ wedge top, failing which will wait to see what it does when it gets to the wedge support again......

Patient with it.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.pngUpdated_LI.jpg Size: 840 KB
4&1 All Time Profit: $37,496
  • #133,828
  • Jun 2, 2021 11:58am Jun 2, 2021 11:58am
Still holding my short. Sounds like I’m betting against the sentiment. sl @ 2232 to give some room. Looking at the daily thinking a rejection around 2220 again and back down.
--post hoc ergo propter hoc--
  • #133,829
  • Jun 2, 2021 11:59am Jun 2, 2021 11:59am
Quoting Ata-Turkoglu
{quote} No wahala then brother.. all is well
Did Ata just speak pidgin English .
Risk comes from not knowing what to do
  • #133,831
  • Jun 2, 2021 12:14pm Jun 2, 2021 12:14pm
Hey Traders, is anyone familiar with Wyckoff? If so, I wanted to ask if anyone can correct me. I'm a little overwhelmed at the moment I'm actually pretty sure that the price goes up to 1.23, but then it would go through UTAD .... Or is the last point of supply correct?

Attached Image (click to enlarge)
Click to Enlarge Name: Wyckoff EU 1.jpg Size: 188 KB
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #133,832
  • Jun 2, 2021 12:14pm Jun 2, 2021 12:14pm
Quoting Austyno
{quote} Did Ata just speak pidgin English .
Focus only on what truly matters!
  • #133,833
  • Jun 2, 2021 12:40pm Jun 2, 2021 12:40pm
Quoting Austyno
{quote} Did Ata just speak pidgin English .
He has a long list of African songs on his playlist. I am pretty sure that's what he listens to while trading EurUsd.


This thing is going down ...
  • #133,834
  • Edited 5:04pm Jun 2, 2021 12:54pm | Edited 5:04pm
Quoting str8v4lu3
Hey Traders, is anyone familiar with Wyckoff? If so, I wanted to ask if anyone can correct me. I'm a little overwhelmed at the moment I'm actually pretty sure that the price goes up to 1.23, but then it would go through UTAD .... Or is the last point of supply correct? {image}
I'm new to Wyckoff as well and find it fascinating, but my analysis may be flawed. Regarding the recent price movement, we don't know for sure if this is a distribution or reaccumulation schematic setting up. Even seasoned Wyckoff pros say you never really know the difference until you get confirmation one way or the other in the later phases, because they both visually unfold the same way. Similarly for accumulation and redistribution.

So my opinion is...if this is distribution setting up, then the place where you marked the UTAD is actually just another UT, and 1.23xx will be UTAD. If it's reaccumulation then last Friday's big drop and reverse could be the spring, and today a test or last point of support. We won't know for sure what's going until after the price crosses 1.2300.
  • #133,835
  • Jun 2, 2021 1:03pm Jun 2, 2021 1:03pm
Quoting fxpipper
{quote} I'm new to Wyckoff as well and find it fascinating, but my analysis may be flawed. Regarding the recent price movement, we don't know for sure if this is a distribution or reaccumulation schematic setting up. Even seasoned Wyckoff pros say you never really know the difference until you get confirmation one way or the other in the final phase, because they both visually unfold the same way. Similarly for accumulation and redistribution. So my opinion is...if this is distribution setting up, then the place where you marked the UTAD is actually...
Thank you for your opinion.
You mean GAMBLE???.... Thats all the market is, ONE GIANT CASINO!!!
  • #133,836
  • Jun 2, 2021 2:03pm Jun 2, 2021 2:03pm
We are stuck between head shoulders pattern on 4hrs and an inverted head shoulders pattern on the same 4hrs... Hmmm, which one will play out ...for me I support the bears for now until we take out last months high
Risk comes from not knowing what to do
  • #133,837
  • Jun 2, 2021 3:11pm Jun 2, 2021 3:11pm
Quoting Austyno
We are stuck between head shoulders pattern on 4hrs and an inverted head shoulders pattern on the same 4hrs... Hmmm, which one will play out ...for me I support the bears for now until we take out last months high
Yes, until a proper breakout we are really stuck inside this never ending range.. Even the fake breakouts have the same distance (yellow area).. I get the feeling that bulls are preparing to retest 1.2222/35 area..

Anyway.. I am calling it a day folks.. Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: H4_Channel.png Size: 33 KB
Focus only on what truly matters!
  • #133,838
  • Jun 2, 2021 3:49pm Jun 2, 2021 3:49pm
Quoting Ata-Turkoglu
Well.. Seems like it will take time until we can sell this.. Don't hold your breath.. Zzzzzz.... {image}
This is just the live accounts showing for Forex Factory, right? Because I feel like 100 lots is almost negligible in the big scale of things although it's nice to see that many people short since I'm long
  • #133,839
  • Jun 2, 2021 4:02pm Jun 2, 2021 4:02pm
Quoting Kyuu
{quote} This is just the live accounts showing for Forex Factory, right? Because I feel like 100 lots is almost negligible in the big scale of things although it's nice to see that many people short since I'm long
Right there with you bro

Don't fight the FED
...because you never know - until you do!
  • #133,840
  • Jun 2, 2021 4:05pm Jun 2, 2021 4:05pm
Quoting Kyuu
{quote} This is just the live accounts showing for Forex Factory, right? Because I feel like 100 lots is almost negligible in the big scale of things although it's nice to see that many people short since I'm long
Yes.. I filtered to only show live accounts.. Best wishes
Focus only on what truly matters!
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