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  • #140,921
  • Oct 14, 2021 11:52pm Oct 14, 2021 11:52pm
Hi Traders...

Soooo... as I mentioned yesterday, this stall right at 1.1609 area is my concern.. Therefore I made a bold decision and closed my main order from 1.16575 here at 1.16095.. No more drawdawn talk...

Total collected pips: 144 - 48 = +96 pips total profit since main order fell into drawdown. And the best part is: now I can continue to trade without constantly updating my order status. Constantly re-posting is the only tiring part. Trading is never tiring. As a result, once again I could prove that my 2nd order strategy is solid.

Now waiting on side lines for London...
Focus only on what truly matters!
  • #140,922
  • Oct 15, 2021 12:07am Oct 15, 2021 12:07am
Quoting Ata-Turkoglu
Hi Traders... Soooo... as I mentioned yesterday, this stall right at 1.1609 area is my concern.. Therefore I made a bold decision and closed my main order from 1.16575 here at 1.16095.. No more drawdawn talk... Total collected pips: 144 - 48 = +96 pips total profit since main order fell into drawdown. And the best part is: now I can continue to trade without constantly updating my order status. Constantly re-posting is the only tiring part. Trading is never tiring. As a result, once again I could prove that my 2nd order strategy is solid. Now waiting...
I don't think you should have closed the order my brother, now it seems price is ready to visit 1.7, but nice trades.
Plan your trades and trade your plan.
  • #140,923
  • Oct 15, 2021 12:24am Oct 15, 2021 12:24am
Quoting Bryan5229
{quote} I don't think you should have closed the order my brother, now it seems price is ready to visit 1.7, but nice trades.
First we have to watch H1 Potential Bearish Gartley!
Focus only on what truly matters!
  • #140,924
  • Oct 15, 2021 12:51am Oct 15, 2021 12:51am
Thats a failed H&S on H1. I'll buy dips towards 1.15950 area targeting 1.16500 (1.16430 to be precise)

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  • #140,925
  • Oct 15, 2021 12:58am Oct 15, 2021 12:58am
Quoting Ata-Turkoglu
{quote} First we have to watch H1 Potential Bearish Gartley!
Damnn .. and that too !!. so can go up or down . Interesting !!
  • #140,926
  • Oct 15, 2021 1:17am Oct 15, 2021 1:17am
Buy @ 1.1608

SL @ 40 pips

Tp @ 1.1685

This is based on 4hrs. First hurdle 1.1623 must be broken by bulls.
  • #140,927
  • Oct 15, 2021 1:21am Oct 15, 2021 1:21am
Quoting Ata-Turkoglu
Hi Traders... Soooo... as I mentioned yesterday, this stall right at 1.1609 area is my concern.. Therefore I made a bold decision and closed my main order from 1.16575 here at 1.16095.. No more drawdawn talk... Total collected pips: 144 - 48 = +96 pips total profit since main order fell into drawdown. And the best part is: now I can continue to trade without constantly updating my order status. Constantly re-posting is the only tiring part. Trading is never tiring. As a result, once again I could prove that my 2nd order strategy is solid. Now waiting...
In my opinion too, its wise decision to close buy order. I am waiting 1615 to add to my shorts.
  • #140,928
  • Oct 15, 2021 1:54am Oct 15, 2021 1:54am
Change of trend for EURUSD?

This week, we saw a break-above of a 6 weeks falling channel and price trades steadily above.

The price has pulled back downward once and we could expect another wave of pullback before it resumes climbing higher.

You may consider shorting now and earn from the pullback or simply wait for the correction to be completed and intraday BUY at the demand level at 1.1570.

Stop loss within 20 pips and target within 40 pips.
Happy Friday trading!
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Aim for what's achievable and don't be a dreamer.
  • #140,929
  • Oct 15, 2021 2:13am Oct 15, 2021 2:13am
Quoting DLTrader
Change of trend for EURUSD? This week, we saw a break-above of a 6 weeks falling channel and price trades steadily above. The price has pulled back downward once and we could expect another wave of pullback before it resumes climbing higher. You may consider shorting now and earn from the pullback or simply wait for the correction to be completed and intraday BUY at the demand level at 1.1570. Stop loss within 20 pips and target within 40 pips. Happy Friday trading! {image}
Looks like a plan.. For me personally it is simply a potential butterfly pattern that completes around 1.1404.... (thanks to hans91)

Time will tell.. Best wishes
Focus only on what truly matters!
  • #140,930
  • Oct 15, 2021 2:16am Oct 15, 2021 2:16am
Quoting Niily
{quote} +6.2 pips x2 Eps when price touch L0 zone and ZOT H1. {image} +31.8 pips in plan buy deep for today {image} End of a day. Wish you green pips.
Today there may be a war between ZOT H1 (1.15763) and ZOT H4 (1.16279). EURUSD is staying in the HM area of H1 and smaller timeframes still favoring upside. However volatility can be large and I will just observe. Missed best entry point into asian session.
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+7.1 pips. And standing on sidelines now.

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Have a good day.
Keep the faith and keep going
  • #140,931
  • Oct 15, 2021 2:28am Oct 15, 2021 2:28am
Quoting Ata-Turkoglu
Hi Traders... Soooo... as I mentioned yesterday, this stall right at 1.1609 area is my concern.. Therefore I made a bold decision and closed my main order from 1.16575 here at 1.16095.. No more drawdawn talk... Total collected pips: 144 - 48 = +96 pips total profit since main order fell into drawdown. And the best part is: now I can continue to trade without constantly updating my order status. Constantly re-posting is the only tiring part. Trading is never tiring. As a result, once again I could prove that my 2nd order strategy is solid. Now waiting...
Good morning Ata, it's not my business, I just want to say why you have waited so long and not closed it. you have mostly mention only for 20 pip SL, that has to hold it ( DISCIPLINE!!! my maximum 10 pips SL) instead down to the basement. I happened this mistake 3 years ago just like you did it and that cost me 1500 dollars! Today I don't do it again, as soon as the charts against me I will minimize damage as soon as possible and continue running direction. If you had made X times a chance of profit. well, we are humans too, I wish you all the best ... LG
Change is never easy, but always possible
  • #140,932
  • Oct 15, 2021 2:29am Oct 15, 2021 2:29am
Meanwhile on H4...

  1. Lots of sell pressure is waiting around 1.1620/55 area.. Maybe not today but next week this could turn back south.. Time will tell.. One thing for sure: Patience is key!

Happy trading day to all

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Focus only on what truly matters!
  • #140,933
  • Oct 15, 2021 2:30am Oct 15, 2021 2:30am
Quoting EllaCen
{quote} Good morning Ata, it's not my business, I just want to say why you have waited so long and not closed it. you have mostly mention only for 20 pip SL, that has to hold it ( DISCIPLINE!!! my maximum 10 pips SL) instead down to the basement. I happened this mistake 3 years ago just like you did it and that cost me 1500 dollars! Today I don't do it again, as soon as the charts against me I will minimize damage as soon as possible and continue running direction. If you had made X times a chance of profit. well, we are humans too, I wish you all...
Thanks.. duly noted..

*I currently trade with 22 lots by the way and have my reasons why I do what I do which I have explained enough on this thread.. +96 pips is not bad for a 10 days of drawdown journey.. Still 9.6 pips per day.. BUT of course it will get better.. We learn we grow..
Focus only on what truly matters!
  • #140,934
  • Edited 3:36am Oct 15, 2021 3:01am | Edited 3:36am
I am putting a pending sell order to 1.1617.. Just in case.. Stops at least 33 pips..

Edit: Moving Stop to break-even.. Zero risk
Focus only on what truly matters!
  • #140,935
  • Oct 15, 2021 3:38am Oct 15, 2021 3:38am
I think price will test 1.1689. Maybe on next week cadle.
  • #140,936
  • Oct 15, 2021 3:54am Oct 15, 2021 3:54am
Quoting Ata-Turkoglu
{quote} Looks like a plan.. For me personally it is simply a potential butterfly pattern that completes around 1.1404.... (thanks to hans91) Time will tell.. Best wishes
Thanks Ata for acknowledging my trading plan!
I believe this the bearish butterfly you are referring to?
I think that's very possible and if so I will personally watch for buying opportunity at 1.1530 for a potential bullish bat (should the price comes down before breaking the 1.1620).
For now, I'm already in a short targeting 1.158 and 1.154.
All the best to all traders out there!
Attached Image (click to enlarge)
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Aim for what's achievable and don't be a dreamer.
  • #140,937
  • Oct 15, 2021 4:00am Oct 15, 2021 4:00am
Quoting DLTrader
{quote} Thanks Ata for acknowledging my trading plan! I believe this the bearish butterfly you are referring to? I think that's very possible and if so I will personally watch for buying opportunity at 1.1530 for a potential bullish bat (should the price comes down before breaking the 1.1620). For now, I'm already in a short targeting 1.158 and 1.154. All the best to all traders out there! {image}
Nice... wishing more strength to your skills of analysis.. but no I was referring to a bullish butterfly coming later.. Below is what I shared on Tradingview.. No rush though.. slowly slowly..

*The butterfly you shared in blue color is what I referred to as "bearish shark"
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Focus only on what truly matters!
  • #140,938
  • Oct 15, 2021 4:19am Oct 15, 2021 4:19am
Quoting Traderview
Buy @ 1.1608 SL @ 40 pips Tp @ 1.1685 This is based on 4hrs. First hurdle 1.1623 must be broken by bulls.
It took me @BE. Now waiting on side lines.
  • #140,939
  • Oct 15, 2021 4:40am Oct 15, 2021 4:40am
Quoting Ata-Turkoglu
I am putting a pending sell order to 1.1617.. Just in case.. Stops at least 33 pips.. Edit: Moving Stop to break-even.. Zero risk
Closed order here at 1.1600 with +17 pips.. (big round number and touch to my H1 GREEN line)..

Hopefully I will reload later..
Focus only on what truly matters!
  • #140,940
  • Oct 15, 2021 4:54am Oct 15, 2021 4:54am
Meanwhile, on H1

Here are my updated levels for the H1 chart.. Thanks to DLTrader, I also included the potential bullish bat pattern she spotted..

Nearest support is currently my GREEN ma line and also Big Round Number: 1.1600.. If bears break below I can keep selling pullbacks.. If I see a bounce I would wait to see how 1.1627 reacts before selling again.. I hope it helps
Attached Image (click to enlarge)
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Focus only on what truly matters!
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