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EURUSD only

  • #137,581
  • Edited 2:30pm Aug 8, 2021 2:20pm | Edited 2:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: EUR4002.png Size: 89 KB


The damage is negligible at this point, the pullback seems like a Wave 2 down with 100% retracement or a B down
The hotstepper (white median line) would be probably back below the price at the open
  • #137,582
  • Aug 8, 2021 2:22pm Aug 8, 2021 2:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: EUR4001.png Size: 154 KB


The dollar is between the E-89 and E-365, I don't see any inverse head and shoulders or a break out
  • #137,583
  • Aug 8, 2021 2:29pm Aug 8, 2021 2:29pm
As for continuation, a Wave 5 down may result in a beat on the downside, the beat ticker is on the bottom left. On the upside the beat was 14 pips.


A T4 is measured at 1.1680

I would be shorting

1/4 at 1.1795
1/4 at 1.1799
1/4 at E-67H - wherever it will be by the time
1/4 beyond E-89

with the anticipation of a down move back down towards the low & possibly making a beat beyond the exhaustion

If a new lover low gets made first, the whole shorting plan would be restricted to only beyond E-89


Attached Image (click to enlarge)
Click to Enlarge Name: EUR4003.png Size: 111 KB
  • #137,584
  • Aug 8, 2021 2:41pm Aug 8, 2021 2:41pm
Attached Image
Here is picture of ind. stochastic (5.5.5) on the H4 chart.
Possible lateralization before climbing.
"No pain no gain"
  • #137,585
  • Aug 8, 2021 5:06pm Aug 8, 2021 5:06pm
Hey guys, hope your weekends was fruitful.

the way i see it is, i see what looks like a double bottom on daily chart. 1.17574 is the most important support level. Keep in mind that we are currently sitting on a verified support on 4hr chart.
We are also on a demand zone on weekly, daily and 4hr time frame, it would be unwise to sell at these zones.

My expectations for the week and month are as follows,
I expect us to have a bullish engulfing week(uptrend still intact as long as we are trading outside the downward channel on monthly)
As long as we don't take out friday's low, we will have a bullish engulfing candle tomorrow.
i expect us to have a bullish month with a close above 1.2000 because of the bullish doji(as long as we dont take out the lows of the doji)
In all its still a buy the dip scenario for me until otherwise proven wrong.

The resistance i see up ahead are
1.18128
1.18523
1.18803
1.19040
Risk comes from not knowing what to do
  • #137,586
  • Aug 8, 2021 5:18pm Aug 8, 2021 5:18pm
Quoting Austyno
Hey guys, hope your weekends was fruitful. the way i see it is, i see what looks like a double bottom on daily chart. 1.17574 is the most important support level. Keep in mind that we are currently sitting on a verified support on 4hr chart. We are also on a demand zone on weekly, daily and 4hr time frame, it would be unwise to sell at these zones. My expectations for the week and month are as follows, I expect us to have a bullish engulfing week(uptrend still intact as long as we are trading outside the downward channel on monthly) As long as we...
https://www.forexfactory.com/thread/...9#post13659459
I have my first stop 1.18400 I hope to get there ,,,
"No pain no gain"
  • #137,587
  • Aug 8, 2021 5:49pm Aug 8, 2021 5:49pm
Have a great and happy trading week everyone !!


Quite possibly, at 1710s to 1750s lies the confirmation for the beginning months long type moves, yes ! Keeping SLs short and TP big for some of my setups !


Quoting mtako
Took my shorts profit and reversing ! Longs 1761
Closed at 57

Quoting mtako
{quote} Buy stop 65 and buy stops at all my after news shorts : 79 70 74 76 67
Still Aliveeeee ! As long as 1710 not hit


Quoting mtako
Bought 1756 !

Closed


Sold 1757, SL 12 pips TP 1735 ! If attack on 1735 is of a certain strength and sustainability, will possibly switching to mainly selling. That is all for now !


This is how I feel about this week !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,588
  • Aug 8, 2021 5:54pm Aug 8, 2021 5:54pm
Quoting Construct101
{quote} Is this level going to hold and become a pivot? I am looking some directional help. Thanks
We can't know for sure.. For now let's focus on 1.1735/40 area first.. Starting from that level until 1.1705 we should see bear trend slowing down.. Time will tell..
Focus only on what truly matters!
  • #137,590
  • Aug 8, 2021 6:12pm Aug 8, 2021 6:12pm
Quoting Construct101
{quote} Is this level going to hold and become a pivot? I am looking some directional help. Thanks
Not even George Soros can tell you yes or no
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #137,591
  • Aug 8, 2021 6:14pm Aug 8, 2021 6:14pm
That was fast moves ! Did not expect to make my first 4 pips that early. Hoping to get some sleep but just got too much early volatility in momentum setups... 4th entry already. now going for 7 pips with a sell stop at 1744! Changing my first short (1757), TP taken off. need to stay awake and see how 1730s works out as a potentially strong support, IF we get there, you sneaky bulls I know you are there !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,592
  • Aug 8, 2021 6:17pm Aug 8, 2021 6:17pm
Quoting Austyno
Hey guys, hope your weekends was fruitful. the way i see it is, i see what looks like a double bottom on daily chart. 1.17574 is the most important support level. Keep in mind that we are currently sitting on a verified support on 4hr chart. We are also on a demand zone on weekly, daily and 4hr time frame, it would be unwise to sell at these zones. My expectations for the week and month are as follows, I expect us to have a bullish engulfing week(uptrend still intact as long as we are trading outside the downward channel on monthly) As long as we...
Bullish bias cancelled for now, but be careful of 1.17312 support. Next sell level is at 1.18128
Risk comes from not knowing what to do
  • #137,593
  • Aug 8, 2021 6:27pm Aug 8, 2021 6:27pm
Quoting 9jatrader
It has gone deep on both 4hr and the daily. The daily seems ready to either go down again or move sideways. Happy weekend{image}{image}
Am out- fear is better than greed
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #137,594
  • Aug 8, 2021 6:34pm Aug 8, 2021 6:34pm
Quoting Robinhood1
Good day. By reading the comments general sentiment seems to be bearish. We should have had this sentiment around 11900. This is why i beleive that 99.99% end up losing. My sentiment now is bullish. I might be wrong
Short swing to the upside now 11810 where i will reverse down.
POSTMASTER
  • #137,595
  • Aug 8, 2021 6:37pm Aug 8, 2021 6:37pm
Sell stop again, at 46 for another 4 pips, 3 pips SL !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,596
  • Aug 8, 2021 6:43pm Aug 8, 2021 6:43pm
Quoting mtako
Sell stop again, at 46 for another 4 pips, 3 pips SL !

Still waiting to be triggered, what is happening ? I thought I had a crystal ball this morning !



Quoting mtako
... possibly, at 1710s to 1750s lies the confirmation for the beginning months long type moves, yes ! Keeping SLs short and TP big for some of my setups ! {quote} Closed at 57 {quote} Still Aliveeeee ! As long as 1710 not hit {quote} Closed Sold 1757, SL 12 pips TP 1735 ! If attack on 1735 is of a certain strength and sustainability, will possibly switching to mainly selling. That is all for now ! This is how I feel about this week ! {image}

Dynamic SL now at 54 for a big guaranteed 3 pips, TP changed to open since I am staying awake anyhow. New sell stop 1734. If there is a first level I will reverse back to buying, it will possibly be around the 20s-30s or above 55, if bears are not stubborn enough ...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,597
  • Aug 8, 2021 6:51pm Aug 8, 2021 6:51pm
15 min volatility bulls move just closed, giving a nice short entry at its lows break, if done in the next 10minutes, at 1.17451 for hungry bears, trailing stop from 1753 that one!
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,598
  • Aug 8, 2021 7:13pm Aug 8, 2021 7:13pm
Sold again 17455 SL from 53 TP open !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,599
  • Aug 8, 2021 7:37pm Aug 8, 2021 7:37pm
If bulls cant bring it back up above 1750 in this move, bears will bathe in 30s sooner than expected

New short sell stop 1.17477 SL 1.1751, time sensitive !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,600
  • Aug 8, 2021 8:06pm Aug 8, 2021 8:06pm
Got taken out of my last shorts

Now getting back in from 17525!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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