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  • #144,921
  • Feb 4, 2022 2:22am Feb 4, 2022 2:22am
Quoting mtako
5min road to back in range setup Buy stop 14424
Sl at BE

5min road to back in range setup number 2 - Buy stop 14502
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,922
  • Feb 4, 2022 2:27am Feb 4, 2022 2:27am
I still find it unsustainable at this level after 4 days breakout. 1.1470 tested as expected however I strongly believe it was short squeezing by market makers. Very less scalpers and very less expecters of 1.15x area helped to market makers to push it up from 1.142x area. However this kind of big moves can’t be reliable for bulls without pullback.
I have 3 big shorts luckily one from 1.1470 automatic sell order in the night while I sleep. 1.135x area later in weeks or sooner. Absolutely no SL this time. I am already planning how I will spend that money
Well, all are my opinions or say imagination.
Good luck all whatever positions you have.
(when I start to write this exchange was 1.1448)
Its not an advice and sorry for grammar.
  • #144,923
  • Feb 4, 2022 2:49am Feb 4, 2022 2:49am
Quoting mtako
5min road to back in range setup Buy stop 14424
Thats a perfect shot! Congrats, already price in range, anything can be, pump n dump or opposite? Trade safe all
People don't plan to lose. They lose because they don't plan.
  • #144,924
  • Feb 4, 2022 2:53am Feb 4, 2022 2:53am
Quoting ScalaFX
{quote} Thats a perfect shot! Confears, already price in range, anything can be, pump n dump or opposite? Trade safe all
Thanks mate, it was actually off a 1min countertrend to take it back into the 5min range setup that was a couple pips from confirmation.

Yeah bears were trending in ant land

These volatility wars can go on and on and both ways is really like tossing a coin at first. I usually grab 3-5 pips one side after the other, but now with bulls charging potential, I have another plan, just in case they are not done.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,925
  • Feb 4, 2022 2:55am Feb 4, 2022 2:55am
Happy NFP Friday to all..

My ultimate bullish limit for today is 1.1525.. The closer it gets there, I think bears will eventually kick in.. Once they do I have 1.1382 as first supportive barrier.. Trade safe
Focus only on what truly matters!
  • #144,926
  • Feb 4, 2022 3:07am Feb 4, 2022 3:07am
Good to know
  • #144,927
  • Feb 4, 2022 3:08am Feb 4, 2022 3:08am
I think a new range might be in place: 1.13 to 1.15. There seems to be a pseudo equal top at the highs which most likely means price will come for it. I wished London broke it before coming down, but I know they are the worst deceivers when it comes to forex so will dance around before going for it. Asia low and high still intact. The criminals are waiting waiting orders to know which side to take out first.
  • #144,928
  • Edited 4:06am Feb 4, 2022 3:20am | Edited 4:06am
Quoting oundar
I still find it unsustainable at this level after 4 days breakout. 1.1470 tested as expected however I strongly believe it was short squeezing by market makers. Very less scalpers and very less expecters of 1.15x area helped to market makers to push it up from 1.142x area. However this kind of big moves can’t be reliable for bulls without pullback. I have 3 big shorts luckily one from 1.1470 automatic sell order in the night while I sleep. 1.135x area later in weeks or sooner. Absolutely no SL this time. I am already planning how I will spend that...
Thank you for the wishes mate. I share most of, respect fully, and appreciate your view and wanted to thank you for sharing it.

It reminds me of the 300+pips without significant pullback that happened often enough for me to bring myself to study their ins and outs as best as I could, and to prepare for the next one, like it could happen at any moment, again. Not the most economical approach from some perspectives, but It helps me stay grounded, and sure helped me during last june +300 without significant retracement, and november +300... April +400(my favorite of the year), july 2020 +500 ; and further in the past even more. sometimes even bigger, sometimes even much much bigger.

You mention imagination, I like to imagine price's volatility as an accordion, it breathes and constantly grows or shrinks, it has to, or else it doesn't even exist. And the bigger it gets, the longer and sweeter the melody is, as it can have more notes, more melodies, in one go .

My simple thoughts on the matter. Just dreaming out loud... nothing serious as usual, well not from me, sorry...must be the coffee. Anyways, thanks also for the reminders, very helpful for me at the moment, cheers and I am wishing your the best with your trades also dear fellow trader.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,929
  • Feb 4, 2022 3:33am Feb 4, 2022 3:33am
Below im showing my longer term view for EURUSD, it's look starting for me look little similar to pattern which we had almost 4 years ago ( red elipse), and after this we had cruise in south direction.

Look for smallest blue elipse where i marked "v-shape" bounce, and there was also little overshot over previous "v-high" and then way to down...i suppose we can be in this point.

Attached Image (click to enlarge)
Click to Enlarge Name: Tradingview.jpg Size: 645 KB


Of course is only my view.
Have a nice day!
Everyone makes mistakes, but only few use equity management.
  • #144,930
  • Feb 4, 2022 3:34am Feb 4, 2022 3:34am
Of course we are dancing around yesterday's high precisely. Bears are winning this war if stay under 1450 !

Buy stop 14594 SL low of the day. Sl moved at BE at high of the year Also, at 1459 my 14502 SL will be moved at BE. IF we even get there. Bears are in boiling honey still I suspect!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,931
  • Feb 4, 2022 3:41am Feb 4, 2022 3:41am
Quoting mtako
{quote} Sl at BE 5min road to back in range setup number 2 - Buy stop 14502
Sl moved to BE early, got a short volatility dancing setup if goes back at 14508, am not taking it...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,932
  • Feb 4, 2022 3:53am Feb 4, 2022 3:53am
Bears failed ! Bought 1458 SL 10. Nice volatility war folks !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,933
  • Feb 4, 2022 3:58am Feb 4, 2022 3:58am
If this top breaks we can see 1540 1600! at back of reversal zone was hoping for a clean drop from the front of the zone but now what it's reaching into the zone.
Founder of Sutherland Wave Principle
  • #144,934
  • Feb 4, 2022 4:04am Feb 4, 2022 4:04am
If this new high breaks out again 1537* is guaranteed and possible 1612 absolute maximum before the whole thing comes down.
Founder of Sutherland Wave Principle
  • #144,935
  • Feb 4, 2022 4:21am Feb 4, 2022 4:21am
4th wave just landed going up into 5th counting up from 1440.
Founder of Sutherland Wave Principle
  • #144,936
  • Feb 4, 2022 4:33am Feb 4, 2022 4:33am
Exactly what I wanted. Now Asia high has been broken but the low is intact. Excellent recipe for a dump. This area threw price down 333 pips. This time it may give at least 100 pips. Now is just huff and puff. I scalped bought and booked at this peak. Still hold short from this peak at 1470. SL 1.1530. I will book at 1.1350.

Let us pray.
  • #144,937
  • Feb 4, 2022 4:33am Feb 4, 2022 4:33am
Quoting suthmo
If this new high breaks out again 1537* is guaranteed and possible 1612 absolute maximum before the whole thing comes down.
Go Suthmo !!! Boy mate, I sure would like it if you are right! On the other hand, In my limited experience as a trader, anything "guaranteed", one day or another, ends up biting the dust. But that is just from my own limited experience as one sole trader, so I take your analysis seriously and look further into it nonetheless. Who knows!?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,938
  • Feb 4, 2022 4:38am Feb 4, 2022 4:38am
Quoting mtako
Bears failed ! Bought 1458 SL 10. Nice volatility war folks !
Moved at BE. bears grabbing the volatility ball again?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,939
  • Feb 4, 2022 4:40am Feb 4, 2022 4:40am
Buy stop 1474 SL 13. Only staying in this one if 1H closes above.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,940
  • Feb 4, 2022 4:42am Feb 4, 2022 4:42am
Quoting mtako
{quote} Go Suthmo !!! Boy mate, I sure would like it if you are right! On the other hand, In my limited experience as a trader, anything "guaranteed", one day or another, ends up biting the dust. But that is just from my own limited experience as one sole trader, so I take your analysis seriously and look further into it nonetheless. Who knows!?
Be unsure about dead sure.
Cheers I hope it pans out to of course.

I thought it was done @ 1470 and I was gonna say Happy Friday drop the mic and walk away into the sunshine. But then I see it creeping towards the top again and thought damn, it's gonna make me work the full week. Still hope for a half day off and we top out by 2pm(UK)
Attached Image (click to enlarge)
Click to Enlarge Name: download (1).jpg Size: 59 KB
Founder of Sutherland Wave Principle
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