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  • #140,601
  • Oct 6, 2021 10:48am Oct 6, 2021 10:48am
I still believe EU bull will hold 1.1490/1.1500 support but if bulls lose the battle then it could open the door for a test of support area 1.1185/1.1200.. lets see what NFP brings tomorrow...



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  • #140,602
  • Oct 6, 2021 10:49am Oct 6, 2021 10:49am
Why would anyone in their right mind be trying to short a market that looks like this.....Make it easy on yourself and just step in front of a bus today..Just sayin'
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2021-10-06_11-47-21.png Size: 72 KB
Plan, Prepare, Execute, Repeat
  • #140,603
  • Oct 6, 2021 10:51am Oct 6, 2021 10:51am
Quoting swingtrade65
Why would anyone in their right mind be trying to short a market that looks like this.....Make it easy on yourself and just step in front of a bus today..Just sayin' {image}
Odd comment
A wise man changes his mind, a fool never will
  • #140,604
  • Oct 6, 2021 11:00am Oct 6, 2021 11:00am
Quoting MrGuy
{quote} Odd comment
Not odd at all.....the previous few pages are littered with folks praying for bad numbers....blowing up their accounts being long EU talking about getting crushed holding longs etc etc....So I simply stated that IMHO the monthly chart of DXY portends a potential huge breakout to the upside, so why not look for places to get short instead ?
Plan, Prepare, Execute, Repeat
  • #140,605
  • Oct 6, 2021 11:05am Oct 6, 2021 11:05am
Quoting swingtrade65
{quote} Not odd at all.....the previous few pages are littered with folks praying for bad numbers....blowing up their accounts being long EU talking about getting crushed holding longs etc etc....So I simply stated that IMHO the monthly chart of DXY portends a potential huge breakout to the upside, so why not look for places to get short instead ?
you're right buddy, even NFP is bad, i think DXY still have more power to go upside as tapering issue is the main concern. so it's wise to short EUR till 1.12 - 1.13.
i'm thinking to cut loss my all longs and change position to buy US dollar
  • #140,606
  • Oct 6, 2021 11:07am Oct 6, 2021 11:07am
I entered the purchase 1.15420
"No pain no gain"
  • #140,607
  • Oct 6, 2021 11:17am Oct 6, 2021 11:17am
Based on H4 I am noticing MACD divergence slowly forming.. BUT... Patience dear bulls.. patience!
Focus only on what truly matters!
  • #140,608
  • Oct 6, 2021 11:21am Oct 6, 2021 11:21am
Quoting Ata-Turkoglu
Based on H4 I am noticing MACD divergence slowly forming.. BUT... Patience dear bulls.. patience!
My entry was by H1 chart
"No pain no gain"
  • #140,609
  • Oct 6, 2021 11:25am Oct 6, 2021 11:25am
Quoting swingtrade65
{quote} Not odd at all.....the previous few pages are littered with folks praying for bad numbers....blowing up their accounts being long EU talking about getting crushed holding longs etc etc....So I simply stated that IMHO the monthly chart of DXY portends a potential huge breakout to the upside, so why not look for places to get short instead ?
Actually, it came across a lot more like a sneering indignation against those who hold an opposing view to your own.
A wise man changes his mind, a fool never will
  • #140,610
  • Oct 6, 2021 11:31am Oct 6, 2021 11:31am
Loose Material
  • #140,611
  • Oct 6, 2021 11:39am Oct 6, 2021 11:39am
Quoting swingtrade65
{quote} Not odd at all.....the previous few pages are littered with folks praying for bad numbers....blowing up their accounts being long EU talking about getting crushed holding longs etc etc....So I simply stated that IMHO the monthly chart of DXY portends a potential huge breakout to the upside, so why not look for places to get short instead ?
Completely agree with you! Looking for shorts at 1.11691 and 1.1742 LOL! and damn, a move of 100-200 pips blew up accounts? hmmm.. risk management must have been thrown out the window. just saying
  • #140,612
  • Edited 12:02pm Oct 6, 2021 11:46am | Edited 12:02pm
Quoting Ata-Turkoglu
1. 15285 is the alternative AB=CD pattern's completion point on the weekly chart. In other words it is a: 1.272%AB = CD... *If this pattern kicks in the weekly targets would be: TP1: 1.1855... and TP2: 1.2040..
Earlier I posted this.. In addition, here are the specific levels for each pattern level.. AB=CD failed.. Now we are at 127%AB=CD area: 1.15289 to be precise when measured on my broker.. I anticipate that this area will hold, but of course there is never a guarantee!

For detailed info about this pattern or all the other harmonic patterns please visit: https://harmonictrader.com/harmonic-...-abcd-pattern/

*It is important to know that I see many websites using the fib tool to measure the AB distance by NOT including the C retracement.. I personally followed that approach so far.. BUT the father of these harmonic patterns actually uses the fib expansion tool to include the C retracements.. That is something I am still back testing.. In the future, if I see that the levels measured with fib expansion tool works better I will also switch to that method..
Attached Image
Focus only on what truly matters!
  • #140,613
  • Oct 6, 2021 12:04pm Oct 6, 2021 12:04pm
EU poss long NFP setting up / Stan dev
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  • #140,614
  • Oct 6, 2021 12:43pm Oct 6, 2021 12:43pm
Quoting MrGuy
{quote} Actually, it came across a lot more like a sneering indignation against those who hold an opposing view to your own.
"sneering indignation" HAHA. Might want to lighten up a little before you stroke out
Plan, Prepare, Execute, Repeat
  • #140,615
  • Oct 6, 2021 1:12pm Oct 6, 2021 1:12pm
Quoting swingtrade65
Why would anyone in their right mind be trying to short a market that looks like this.....Make it easy on yourself and just step in front of a bus today..Just sayin' {image}
Oh sure, but this is a monthly graph. We can get to 1.19xx's easily with just a slight correction on your graph. Then okay, your right, but an intraday trader mostly trades within a day.
  • #140,616
  • Oct 6, 2021 1:50pm Oct 6, 2021 1:50pm
Quoting swingtrade65
Why would anyone in their right mind be trying to short a market that looks like this.....Make it easy on yourself and just step in front of a bus today..Just sayin' {image}
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: train.jpg Size: 116 KB
Is this what you meant?
...because you never know - until you do!
  • #140,617
  • Oct 6, 2021 1:59pm Oct 6, 2021 1:59pm
Daily S/R Levels for Thursday

  1. 1.1588 is nearest resistance..
  2. 1.1617 is sort of pivot and the first mission of bulls will be to climb above it!
  3. My potential "lowest low" for tomorrow sits around 1.1523..

Attached Image (click to enlarge)
Click to Enlarge Name: Daily Analysis.png Size: 30 KB
Focus only on what truly matters!
  • #140,618
  • Oct 6, 2021 3:09pm Oct 6, 2021 3:09pm
Quoting scalperdebes
long 1.1537 SL 1.1510 TP open x10 lots
close x4 lots @1.1558 (previous loss trade recovered)
x6 lots TP open
  • #140,619
  • Oct 6, 2021 3:21pm Oct 6, 2021 3:21pm
Quoting swingtrade65
{quote} "sneering indignation" HAHA. Might want to lighten up a little before you stroke out
Excuse me?
A wise man changes his mind, a fool never will
  • #140,620
  • Edited 7:03pm Oct 6, 2021 6:51pm | Edited 7:03pm
Wave principle is telling me we're going to 1.1330 and big bounce up, then down to 1.1230.
I'm wrong I think the bounce up probably already started.
We broke through and now go back and test 1.17 < 1.18 now
I'm glad this hasn't moved far since I put the sell order on, now closed and long.
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