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  • #134,301
  • Jun 8, 2021 11:02am Jun 8, 2021 11:02am
I'm long but if bulls don't sneak a nice bullish candle in 1 hour for the 4H close, I'm not certain we will go up. If 1.21641 breaks, that'd be quite concerning for bulls. Just hoping this is just an accumulation at an important horizontal level.
  • #134,302
  • Jun 8, 2021 11:10am Jun 8, 2021 11:10am
Quoting Traderview
From now on for Bears, No 4hrs closing above 1.2185 or better 1.2180. For bulls no 4hr closes below 1.2204.
Alright! And the space inbetween? Land of No Animal?
  • #134,303
  • Edited 11:51am Jun 8, 2021 11:33am | Edited 11:51am
As far as I can see... the music is off for today. A bit early, I know, but the market sometimes is like this. The daily chart for today looks as if it will print a pathetic inside bar... so, the band will rock tomorrow.
  • #134,304
  • Edited 12:20pm Jun 8, 2021 11:45am | Edited 12:20pm
- Bought in 1,21708 ,,,
Attached Image (click to enlarge)
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I'm monitoring closely
"No pain no gain"
  • #134,305
  • Jun 8, 2021 11:57am Jun 8, 2021 11:57am
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The Average Discount Everything
  • #134,306
  • Jun 8, 2021 12:44pm Jun 8, 2021 12:44pm
I remove my sell, When I see the monthly I'm pretty sure to see our current candle close near 1.23 it's hard for the timing I was sure to see lower before its run upside, at this moment it holds fine.
Let the market decide
  • #134,307
  • Jun 8, 2021 12:47pm Jun 8, 2021 12:47pm
Quoting JBRolim
- Bought in 1,21708 ,,, {image} I'm monitoring closely
- 1.21670 Buy Limit
"No pain no gain"
  • #134,308
  • Jun 8, 2021 12:52pm Jun 8, 2021 12:52pm
Quoting JBRolim
{quote} - 1.21670 Buy Limit
Orders canceled
"No pain no gain"
  • #134,309
  • Jun 8, 2021 1:01pm Jun 8, 2021 1:01pm
- I reversed the hand,,,Sale entry for 50 pip
"No pain no gain"
  • #134,310
  • Jun 8, 2021 1:02pm Jun 8, 2021 1:02pm
Quoting Mhbp
I'm getting ready to setup a buy stop at 1.218.... , TP 1.2210
What a useless day
  • #134,311
  • Jun 8, 2021 1:59pm Jun 8, 2021 1:59pm
If 1 hr close above 1.2177 bullish to at least 1.22

4 hr candles keep having higher highs/higher lows for last 3

Could test 1.23

Rode 1.2165 to 1.219 earlier

Long at 1.218 to 1.22 10 pip stop below at underneath last 4 hr candle
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  • #134,312
  • Jun 8, 2021 5:22pm Jun 8, 2021 5:22pm
H1
diamond pattern
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Trendlines H1,H4, SMC
  • #134,313
  • Jun 8, 2021 5:33pm Jun 8, 2021 5:33pm
H1
It looks like the same pattern, but I didn't find on google what it is...

or it's nothing
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Trendlines H1,H4, SMC
  • #134,314
  • Jun 8, 2021 6:25pm Jun 8, 2021 6:25pm
For tomorrow we should be looking at buys only, the relative value of the EURO has remain unchanged for three consecutive sessions, while USD remains at a low level (even after it gaining in relative value today). Even though today was a quiet day, like yesterday and the market ranged in a very small, 30ish pips range, any downside movement was caused by the relative increase in the value of the dollar, rather than a decrease in the euro caused by various economic data.

The relative value price of EUR/USD is steadily declining, but the trend remains bullish. By my estimations there is a 33% chance that we see a shift in the relative trend by the end of this week, a shift in relative trend does not mean a shift in real trend, at least not yet, but what it tells us is that a shift in real trend is very likely to occur very soon… this gives us good trading opportunities. I’ll examine this matter further as the week progresses and as we see the developments of both the relative and the real price.

By relative price I'm talking about the price of the currency derived from prices of other currency pairs, adjusted for volume and any relevant derivatives that might have impacted the price(s).

I'd also like to add that "looking for buys" does not mean that the market will go up, it might go down all day... it means that my direction will be buy only, i might find an opprotunity or i might have a "dry day", it is how it is. I like to only take high reward and low risk trades that last a couple days,perhaps even weeks, sometimes it's hard to filter them out, but for me that works best.


Since I have not posted about this before, in case you have any questions related to how I made my statistical estimations or calculations, you can quote me here or ask privately in PM. I will reply to all.

In the image below you can see the charts I made in statistica related to the relative value of EUR/USD, EUR and USD respectively.
Attached Image
Through the light of enlightenment, darkness unveils the path of truth.
  • #134,315
  • Jun 8, 2021 8:53pm Jun 8, 2021 8:53pm
Based on all the indicators and my opinion, I believe we'll have a 100% bull day from start to finish as I think yesterday was just a big accumulation for longs. Let's see if that unfolds, still long
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  • #134,316
  • Jun 8, 2021 11:17pm Jun 8, 2021 11:17pm
Maybe need 1.20x to gain momentum

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Don't mind me.. i'm crazy
  • #134,317
  • Jun 8, 2021 11:44pm Jun 8, 2021 11:44pm
After a dull bearish day here are my S/R levels for Wednesday..

  1. Price is squeezed between 1.2160 and 1.2180... I don't care which side it will be but we need a breakout!

I hope it helps

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Focus only on what truly matters!
  • #134,318
  • Edited Jun 9, 2021 1:26am Jun 8, 2021 11:52pm | Edited Jun 9, 2021 1:26am
thx @Vorenzd for interesting reply ... In the image below you can see the charts I made in statistica related to the relative value of EUR/USD, EUR and USD respectively. {image}[/quote]

In my opinion not decided yet
see here 5 days EUR_Indi, USD_Indi and EURUSD, EURUSD tends little bit zu short

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see thread EURUSD #1.195.587
  • #134,319
  • Jun 8, 2021 11:54pm Jun 8, 2021 11:54pm
Quoting Traderview
From now on for Bears, No 4hrs closing above 1.2185 or better 1.2180. For bulls no 4hr closes below 1.2204.
It still intact. If you see 1hr closing below 1.2174, then sell only. I will consider to buy only after i see a 1hr closing above 1.2204.
  • #134,320
  • Jun 9, 2021 12:09am Jun 9, 2021 12:09am
Is a triangle pattern
Attached Image (click to enlarge)
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