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  • #138,521
  • Aug 24, 2021 4:04am Aug 24, 2021 4:04am
Quoting BeeTogether
{quote} I use DailyFX
Its not an indicator? its a news site i believe?
POSTMASTER
  • #138,522
  • Aug 24, 2021 4:09am Aug 24, 2021 4:09am
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POSTMASTER
  • #138,523
  • Aug 24, 2021 4:26am Aug 24, 2021 4:26am
Quoting Ata-Turkoglu
1 hour left until current daily candle closes: If current daily candle close above 1.17575 we could have bullish continuation tomorrow! If it closes below, I suggest to start selling 1.1745/55 area... {image}
So far so good.. Future bull attacks can still target the same levels, and therefore I drew them as horizontals...
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Focus only on what truly matters!
  • #138,524
  • Aug 24, 2021 4:28am Aug 24, 2021 4:28am
Quoting Wavegarrick
{quote} Oki Doki Folks, Managed to catch 3 more sell trades towards 1.17000 and just above. My 50% fib retrace at 1.17040 once again showing its worth. All trades locked in and price must do what it has to. Trade safe Cheers. {image}
Hi Guys,
I am getting bullish confirmation signals from a 4hr perspective. Early days and I could be wrong. Not easy trade conditions for me, being a trend trader. My previous sell trades closed for small profits.
Have a great week.
Cheers.
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Trade to trade another day
  • #138,525
  • Aug 24, 2021 4:33am Aug 24, 2021 4:33am
Quoting Robinhood1
does anyone know of a news indicator?
Hm! That is interesting. I have never hear about it. It would be useful.
  • #138,526
  • Aug 24, 2021 4:34am Aug 24, 2021 4:34am
Buyable wave 4 pullback in the embedded

Sell stop 10 pips below the confirmed low
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  • #138,527
  • Aug 24, 2021 4:36am Aug 24, 2021 4:36am
Hi all.. I see bearish shark pattern on Monthly S61.8, indication of bullish movement will be hampered

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Daddy, Brother, Lover, Little Boy
  • #138,528
  • Aug 24, 2021 4:39am Aug 24, 2021 4:39am
Attached Image
Attached Image
Isabel Schnabel, a monetary dove.
What will she tell ?
One thing is for sure, she wont say "Bilde dir nichts ein"
Trends have a higher probability of continuing than not.
  • #138,529
  • Aug 24, 2021 4:46am Aug 24, 2021 4:46am
H1 Status Update

In correlation with M30, here are my extra thoughts:

  1. 1.17295 is my current nearest support area.. As long as price is above, bulls have the upper hand!
  2. We can see that bull targets are almost in sync with M30 resistance levels..
  3. Bulls could reach 1.1756 area (although the dotted trend line should slow them down).. If that kind of bullish overrun happens, I would wait for candles to first drop back below 1.1746 before I continue selling..
  4. My H1 special fib level and H4 resistance level sits at 1.1759 which I will also use for selling IF bulls get there! Keep that in the back of your heads!

I hope it helps

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Focus only on what truly matters!
  • #138,530
  • Aug 24, 2021 5:11am Aug 24, 2021 5:11am
And in case some of you are curious about why I am insisting so much in selling the highs for now, here is my weekly chart with the falling wedge that I keep sharing since two weeks ago.. Notice how 1.1750 area is key resistance!

*Please also remember that last week I made a bold claim that price will be back at 1.1860 before this month ends.. So today I might sound contradicting since am inclined to sell, yes, but you have to know that my bearish bias is temporary! In the longer run I am actually bullish! But not today!
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Focus only on what truly matters!
  • #138,531
  • Aug 24, 2021 5:19am Aug 24, 2021 5:19am

Waiting for NYSE
Change is never easy, but always possible
  • #138,532
  • Aug 24, 2021 5:24am Aug 24, 2021 5:24am
Except there's a strong fundamental against DXY, the path of least resistance for EU is south. DXY seems to be rejecting going below FOMC liquidity hunt, and interestingly EURUSD is just around 50 percent fib ret of 2 weeks downward move
  • #138,533
  • Aug 24, 2021 5:32am Aug 24, 2021 5:32am
Quoting Ata-Turkoglu
And in case some of you are curious about why I am insisting so much in selling the highs for now, here is my weekly chart with the falling wedge that I keep sharing since two weeks ago.. Notice how 1.1750 area is key resistance! *Please also remember that last week I made a bold claim that price will be back at 1.1860 before this month ends.. So today I might sound contradicting since am inclined to sell, yes, but you have to know that my bearish bias is temporary! In the longer run I am actually bullish! But not today! {image}
I agree with your analysis, and case in point, the bulls has not yet taken control of the Daily. I'm on the sidelines for now, waiting to see where this goes.

Guy
  • #138,534
  • Aug 24, 2021 5:48am Aug 24, 2021 5:48am
Quoting Guy1969
{quote} I agree with your analysis, and case in point, the bulls has not yet taken control of the Daily. I'm on the sidelines for now, waiting to see where this goes. Guy
For today I could simply say: Just mark 1.1760 as last man standing resistance. If that level gets violated, then we can accept that bulls are really serious! Until such thing happens, I keep my temporary bearish bias for this day! My two cents

*Thinking out loud: It also just feels a little weird that 1.1707/13 area hasn't been properly retested. I am still expecting a final drop to do just that. A bull rally that doesn't kick in right after a bear trap feels like Arnold Schwarzenegger without his accent or Michael Jackson without his white socks and short pants.. lol.. Time will tell..
Focus only on what truly matters!
  • #138,535
  • Aug 24, 2021 5:56am Aug 24, 2021 5:56am
Hi all, just scalp 3-5 up to now. Hope it changes here at last, sold here 17354
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #138,536
  • Aug 24, 2021 6:05am Aug 24, 2021 6:05am
Quoting mtako
Hi all, just scalp 3-5 up to now. Hope it changes here at last, sold here 17354
Surprise reversal here.. tightening stop to 6 pips. Not worth risking more here.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #138,537
  • Aug 24, 2021 6:22am Aug 24, 2021 6:22am
Quoting Ata-Turkoglu
{quote} For today I could simply say: Just mark 1.1760 as last man standing resistance. If that level gets violated, then we can accept that bulls are really serious! Until such thing happens, I keep my temporary bearish bias for this day! My two cents *Thinking out loud: It also just feels a little weird that 1.1707/13 area hasn't been properly retested. I am still expecting a final drop to do just that. A bull rally that doesn't kick in right after a bear trap feels like Arnold Schwarzenegger without his accent or Michael Jackson without his...


I am also cautious about how they have ever so lightly testing important intraday zones +-1710 +-1720, and +-1730 tight here. A shy hour of testing and new high ! Will it be the case here again ?

Anyways, bulls have been building beautiful momentum and are not kidding around and are to be treated with respect!

This is still heavy ranging conditions and has been all day for me.

Now, even a 30m break above high or 30m under low would not be enough for me to take it seriously, unless it is for a quick scalp in the opposite direction.

Under these conditions, mainly been looking to enter mid-high/low-range for range expansion reaches and possible breakout, or enter after a reach looking to close mid-high/low, mostly the latter.

Help us stretch that range some more Arnold!
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #138,538
  • Aug 24, 2021 6:41am Aug 24, 2021 6:41am
New fresh apples ! bought here 17411!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #138,539
  • Edited 7:44am Aug 24, 2021 7:33am | Edited 7:44am
Quoting Ata-Turkoglu
And in case some of you are curious about why I am insisting so much in selling the highs for now, here is my weekly chart with the falling wedge that I keep sharing since two weeks ago.. Notice how 1.1750 area is key resistance! *Please also remember that last week I made a bold claim that price will be back at 1.1860 before this month ends.. So today I might sound contradicting since am inclined to sell, yes, but you have to know that my bearish bias is temporary! In the longer run I am actually bullish! But not today! {image}
I am also bullish very long term, but at what point do you expect us to bounce roughly if 1.1665 was not the bottom? I wrote previously that I was expecting either that to be the bottom there or somewhere lower like 1.15ish, but we ended up having a double bottom (on the 4H). Daily also shows a W and we also rejected the previous support so there should be a good amount of sellers at the moment making this down leg a potential big accumulation below support (the entire W), I attached an image of my Daily chart. Thanks for your inputs!

PS: Got my own pending short at 1.1753 and will be holding that until the next low if there is one.
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  • #138,540
  • Aug 24, 2021 7:36am Aug 24, 2021 7:36am
Quoting Kyuu
{quote} I am also bullish very long term, but at what point do you expect us to bounce roughly if 1.1665 was not the bottom? I wrote previously that I was expecting either that to be the bottom there or somewhere lower like 1.15ish, but we ended up having a double bottom. Daily also shows a W and we also rejected the previous support so there should be a good amount of sellers at the moment making this down leg a potential big accumulation below support (the entire W), I attached an image of my Daily chart. Thanks for your inputs! {image}
We could visit 1.1660 and my worst case would be a bounce up from 1.1633... let's hope that doesn't happen..
Focus only on what truly matters!
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