Trends have a higher probability of continuing than not.
- #136,802
- Jul 26, 2021 11:16am Jul 26, 2021 11:16am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Well, we will have ho see how this unfolds wont we?. Book marked this post for later collaboration, Cheers.
Cheers.
Trade to trade another day
- #136,803
- Edited 11:41am Jul 26, 2021 11:30am | Edited 11:41am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Assuming that this day is almost over, now we have 4 more work days left until end of July:
- IF current monthly candle can not close below 1.1800 this bearishness can completely get stuck between 1.1800 and 1.1831 inside next week, leaving us a highly lame and lazy week..
- IF current monthly candle closes above 1.1831 bulls could turn this bearishness back to bullish..
- IF bears can achieve a monthly candle close below 1.1800 before end of month, we can talk about bearish continuation...
Let's see which one will play out.. 
*Based on DAILY I have 1.1818 as upmost important level...
Focus only on what truly matters!
- #136,807
- Jul 26, 2021 12:59pm Jul 26, 2021 12:59pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Just popping in to support my other fellow patient bears + bulls 
!
It is a week of big news all days !
Meanwhile, I hope you all could take advantage of these great reaches in both directions we have had today ! This is what I call an elastic of a day ! This was one of my own most likely scenario, for the beginning of the week at least, which I have shared my thoughts on Friday a little bit.
Today I have had scaled down some of my shorts as planned from 1780s, but bulls are not done, probably! But am still now starting to get good enough setups again for gradual re-entries, starting now if price returns below 1809 before reaching new high.
I have shared setups formed through 2H to 1D charts. More precisely, intraday entries taken over by and adjusted to longer-term setups, which does not happen often..
I have 2 that have lost strength. My 2H is a shorter-term pullback in longer-term (3x) trend (6H), and SL is mainly based on 6H 2 candles closings (one being of closed above other's high also...),and above dynamic level now at 1837.
4H is momentum based and is the closest to be taken out, with a 4H close above this last
.
1D need no close above dynamic 1834 or I will have to scale down some more.
Did not share others I believe...
Hope all of you are well. Hoping for us to see some even bigger surprises tomorrow
Good night 
!
P.S here gif is for my fellow traders that know about the turtles, and especially those that use their strategies or have strategies partly inspired by their work, like I do. Here is us turtles waiting patiently again, while never stopping completely the necessary workout
!
!It is a week of big news all days !
Meanwhile, I hope you all could take advantage of these great reaches in both directions we have had today ! This is what I call an elastic of a day ! This was one of my own most likely scenario, for the beginning of the week at least, which I have shared my thoughts on Friday a little bit.
{quote}.... The very best week for range scalping both ways and since a long time! My range strats, contrary to my momentum strats, have large SL and small TP but a much higher win rate, and the combination of both have been perfect for the conditions since June s big drop) And next week I wouldnt be surprised if we get a Ranging Heaven 2.0, meaning bigger range and mess both ways thanks to the news + IF next direction still undecisive. I've have been through longer waits... Have planned for the worst case scenarios first ! I am trading in...
Today I have had scaled down some of my shorts as planned from 1780s, but bulls are not done, probably! But am still now starting to get good enough setups again for gradual re-entries, starting now if price returns below 1809 before reaching new high.
{quote} ... My levels update... 2H close above from now 1779 and 2Hs momentum trade will start to be challenged, and will have scale down. Beyond 1802, the 4Hs will be challenged... I doubt anyone will enjoy more of my monologues (beware some ramblings, its Friday, common!) at this time on a great Friday... But I am here.. and I like sharing in this place and you guys and gals ! So here is a bit more about something else that my friend Ata has helped me realize, the Why some here dont get many of my posts(thanks Ata), so I will share a bit...
I have shared setups formed through 2H to 1D charts. More precisely, intraday entries taken over by and adjusted to longer-term setups, which does not happen often..
I have 2 that have lost strength. My 2H is a shorter-term pullback in longer-term (3x) trend (6H), and SL is mainly based on 6H 2 candles closings (one being of closed above other's high also...),and above dynamic level now at 1837.
4H is momentum based and is the closest to be taken out, with a 4H close above this last
.1D need no close above dynamic 1834 or I will have to scale down some more.
Did not share others I believe...
Hope all of you are well. Hoping for us to see some even bigger surprises tomorrow
Good night !P.S here gif is for my fellow traders that know about the turtles, and especially those that use their strategies or have strategies partly inspired by their work, like I do. Here is us turtles waiting patiently again, while never stopping completely the necessary workout
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,809
- Jul 26, 2021 2:00pm Jul 26, 2021 2:00pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Support should kick in latest at 1.1796... Don't rush in buying this dip...
Focus only on what truly matters!
- #136,811
- Jul 26, 2021 4:28pm Jul 26, 2021 4:28pm
- Joined Oct 2013 | Status: Trader | 1,079 Posts
There is always a 250 or so pips range where the daily consolidates - this is why I used to have a rule not to short within 160 pips from the low.
An ABC correction would take up something between 8 and 15 days.
An ABC correction would take up something between 8 and 15 days.
- #136,812
- Jul 26, 2021 5:20pm Jul 26, 2021 5:20pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Daily S/R Levels for Tuesday
- Today we have to watch if 1.1776 area (nearest) support will work or not...
- As long as support works, bulls will try to achieve a close above 1.1805...
- With current picture it looks like bulls will continue to ram the red ma line today.. For how long? Time will tell and we must stay ready for both: a breakout or a bounce down.. Nothing clear yet but Tuesday could become interesting... Let's see..
I hope it helps
Focus only on what truly matters!
- #136,814
- Jul 26, 2021 8:01pm Jul 26, 2021 8:01pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #136,817
- Jul 27, 2021 2:03am Jul 27, 2021 2:03am
People who watch or listen others analysis or any comment about any currency they will lose.
Yesterday I had a EURUSD buy. I've seen someone says "Dollar gonna be very strong" and that line influence my mind and I made a breakeven SL!!! Result is Market reached my breakeven level and then UP!
That's why I do not read or see others thinking.
Yesterday I had a EURUSD buy. I've seen someone says "Dollar gonna be very strong" and that line influence my mind and I made a breakeven SL!!! Result is Market reached my breakeven level and then UP!
That's why I do not read or see others thinking.
- #136,818
- Jul 27, 2021 2:07am Jul 27, 2021 2:07am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Waiting for reaction of 1.1776....
Focus only on what truly matters!
- #136,820
- Jul 27, 2021 2:28am Jul 27, 2021 2:28am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do