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  • #144,401
  • Jan 27, 2022 7:14am Jan 27, 2022 7:14am
With the cherry on top, a sell stop at 1145 where I move 1157 at BE with TP 1130 where 1145 is then moved at BE going for 1099...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,402
  • Jan 27, 2022 7:15am Jan 27, 2022 7:15am
Quoting yvestrcz
Are we in agreement that bears are practically finished, and first hints of bullish revolt can be seen already? Or anyone still in the bearish mode expecting these vampires to wake one more time today.
Maybe just a retest and then we see some greens
Maybe after retest
  • #144,403
  • Jan 27, 2022 7:21am Jan 27, 2022 7:21am
I forgot. Since the 1145 is coming off the 1H volatility reversal, so from a rejection of last 1H high and straight back to low of it = enter right under low + SL a pip above that rejected high = 20 pips SL). Only good with some good volatility growth, like now..
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,404
  • Jan 27, 2022 7:33am Jan 27, 2022 7:33am
Whoa, true vampire bears!
  • #144,405
  • Jan 27, 2022 7:39am Jan 27, 2022 7:39am
Quoting Kyuu
I took my first trade in like literally 2 months 4 days ago since I had absolutely no idea what the market was doing at the time and went short at 1.1465 Actually finally in winning trade for the first time in a while I'm thinking this will drop eventually to below 1.12, but will probably make a low + high on its way. Then, I will look to long somewhere below 1.12. Envisioning something like this {image}
Exactly as planned. TP here at 1.135 for 330 pips, going long now If we go up, I'm expecting either straight back up or a W where we go back to 1.12, make one more lower low, then up
Attached Image (click to enlarge)
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  • #144,406
  • Jan 27, 2022 7:41am Jan 27, 2022 7:41am
Okay. Long here now 1.1134. From here till 1.1100 I will be going long in small increments. My target is that 1.1200 area.

Please this is just for today and tomorrow. I think the max monthly target is that 1.1104. I will keep my SL just below 1.1090. I expect a good rise tomorrow just to create another sell opportunity, maybe.
  • #144,407
  • Jan 27, 2022 7:42am Jan 27, 2022 7:42am
Quoting yvestrcz
Whoa, true vampire bears!
Wow yes ! Blood thirsty! Worth studying those moments of high volatility and sustained momentum from at least 2010 to today... even if it is for rare occasion. Good to have a crazy plan for it. Closed for +24(1-2 pips close to tp, I close), and my 45 is at BE, cherry on top? Time will tell.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,408
  • Jan 27, 2022 7:58am Jan 27, 2022 7:58am
I am lazy to take screenshots but last leg if this madness goes on is 1.1029 for this trendline. I am hoping to see some bounce way before arriving there but I won’t buy/sell untill it consolidates. I think the best is wait for consolidation. Nobody have doubts that it will recover a bit, buyers just waiting bears to finish their feast
Support here is 1.113x then surely people will start to buy from 1.109x area with almost guaranteed opportunities.
PS: Guys I saw many of you scalpers, so this humble opinion is not for you I never understood how you risk and play in such a short term but good luck, I definitely admire.
PS2: Also well done Ata for yesterday’s 1.1244 warning it was legendary!
Its not an advice and sorry for grammar.
  • #144,409
  • Jan 27, 2022 7:59am Jan 27, 2022 7:59am
A first Dbl bottom at last? Dont miss that chance bulls ! I sell again 11512 in case its not, only close it if a 15min closes above 1162, as I think we are just entering ranging mode. TP 1136.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,410
  • Jan 27, 2022 8:03am Jan 27, 2022 8:03am
Quoting mtako
A first Dbl bottom at last? Dont miss that chance bulls ! I sell again 11512 in case its not, only close it if a 15min closes above 1162, as I think we are just entering ranging mode. TP 1136.
Please get out of my way. Lol... I need to bulldoze my way to the top. Can't you see I bought 1.1134? Hahahah
  • #144,411
  • Jan 27, 2022 8:08am Jan 27, 2022 8:08am
Quoting Mitiblotch
{quote} Please get out of my way. Lol... I need to bulldoze my way to the top. Can't you see I bought 1.1134? Hahahah
My pleasure mate ! I was just thinking about your entry, nice one, you foresaw it earlier than I thought possible! Working out very nice. Hope you get your TP hit mate.

The last wick sword fight of the day?! Even after all these years I still laugh at this movie without having to see it again !
Attached Image (click to enlarge)
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,412
  • Jan 27, 2022 8:29am Jan 27, 2022 8:29am
Quoting Windstrown
If you ask me 1.1118 makes sense as a daily low, offers great reward for pullback attempt and major trap for the week and month close. Ill be aiming my tp there today regardless of the "steam"
seems a bit stretched by now but lets see last wave should come in the next 30 mins. if it doesnt hit 1.1128 should be the low hit eitherway great day for shorts
  • #144,413
  • Jan 27, 2022 8:53am Jan 27, 2022 8:53am
Quoting mtako
A first Dbl bottom at last? Dont miss that chance bulls ! I sell again 11512 in case its not, only close it if a 15min closes above 1162, as I think we are just entering ranging mode. TP 1136.
I got a 1H setup confirmed telling me, again , to place a sell stop at 1144 and 11300. I cant for MM reasons, But I can take its TP level for my last short. So TP 1136 is cancelled. New TP is 1099.

Important : 1130 needs to be hit within the next 1h30, or it is not good enough for this setup automatically close. Also, SL would be moved at BE at 1130.

Quoting Windstrown
{quote} seems a bit stretched by now but lets see last wave should come in the next 30 mins. if it doesnt hit 1.1128 should be the low hit eitherway great day for shorts
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,414
  • Jan 27, 2022 9:03am Jan 27, 2022 9:03am
Potential triple bottom forming on M15... Finally the earliest chance to look for long opportunities here at 1.1140..

For those who risk buying the dips here: First and foremost, you must watch 1.1160 resistance! Best wishes
Focus only on what truly matters!
  • #144,415
  • Jan 27, 2022 10:03am Jan 27, 2022 10:03am
Capitulation vs break-out
  • #144,416
  • Jan 27, 2022 10:13am Jan 27, 2022 10:13am
call it a day today lol still have a pending target on a sell to 1.1128. expiring before 22:00 gmt overall good day for me
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  • #144,417
  • Jan 27, 2022 11:11am Jan 27, 2022 11:11am
Quoting Ata-Turkoglu
Potential triple bottom forming on M15... Finally the earliest chance to look for long opportunities here at 1.1140.. For those who risk buying the dips here: First and foremost, you must watch 1.1160 resistance! Best wishes
hello sir
What did you think the candle will break 1.1130 and go further down. If you don't mind, please give some details.
  • #144,418
  • Jan 27, 2022 11:40am Jan 27, 2022 11:40am
Can situation between Ukraine and Russia be the reason that Euro is falling so much...??
  • #144,419
  • Jan 27, 2022 12:01pm Jan 27, 2022 12:01pm
Quoting tauhidur
{quote} hello sir What did you think the candle will break 1.1130 and go further down. If you don't mind, please give some details.
My idea to risk longs around 1.1140, is because I am relying on my weekly support sitting at 1.1115... Meaning: When I mentioned risking longs around 1.1140 (because of this week's touch to red channel line) the stops would be positioned 25 pips to 35 pips away from entry based on next week's support 1.1115, which is not a big risk if you ask me, considering that there is a chance of some 100 pips pullback..

But, of course if 1.1115 breaks (i.e. my "go long" idea gets stopped out) then yes, we must go back to selling!

I hope it clarifies.. Best wishes
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #144,420
  • Jan 27, 2022 12:40pm Jan 27, 2022 12:40pm
Quoting HDcommander
Can situation between Ukraine and Russia be the reason that Euro is falling so much...??
I believe the strongest forces at play that explains the big drop: 1) We are in wave 5 in the monthly TF. Elliot Wave Prnciple laws were kept when you consider that wave 3 had an extension(see red box below) - to preserve the law that this wave has to be longer than waves 1 and 5. The tendency was to wrongly assume earlier that the extended portion of wave 3 was in fact wave 5. Not so. Wave 5 is plunging downwards presently 2) We are at month end - good time for the monthly TF waves to achieve its completion.

Attached Image (click to enlarge)
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