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  • #145,081
  • Feb 7, 2022 3:39am Feb 7, 2022 3:39am
Quoting Mitiblotch
Didn't want to mention my earlier buy scalps which I just closed. But I will mention this: Short 1.1440 SL 1.1470. TP 1.1350. Hard stop in place to avoid stories that touch.
I have a pretty similar setup, with quite a worse entrance, but TP 1.35, good luck!
  • #145,082
  • Feb 7, 2022 3:44am Feb 7, 2022 3:44am
Bought 14175 !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #145,083
  • Feb 7, 2022 3:47am Feb 7, 2022 3:47am
  •  dweex
  • Joined Mar 2017 | Status: Strategi ABC (Asal Biru Close) | 44 Posts
WHAT NEXT ?
Go Green
  • #145,084
  • Feb 7, 2022 3:48am Feb 7, 2022 3:48am
might revisit, 1.147-800 or even 1.15 to shake out sellers then big-ish short

way too many sellers at the moment
  • #145,085
  • Feb 7, 2022 3:51am Feb 7, 2022 3:51am
Bull took a bad hit and clearly lost the 1st round, but now for the 2nd round! The bell has not rung yet !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #145,086
  • Feb 7, 2022 4:29am Feb 7, 2022 4:29am
Quoting shay14
might revisit, 1.147-800 or even 1.15 to shake out sellers then big-ish short way too many sellers at the moment
From where you have this data ?
People don't plan to lose. They lose because they don't plan.
  • #145,087
  • Feb 7, 2022 4:36am Feb 7, 2022 4:36am
Will the 1430s, which were repeatedly determinant as support Thursday, Friday, AND today, become resistance? We are there now at last and it looks good for bears as long as 30s stay above ! Meanwhile, in the 2Hour town, everyone is still sleeping.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #145,088
  • Feb 7, 2022 4:37am Feb 7, 2022 4:37am
Good day guys, let me drop a hint on how I have observed price moves based on price action

If we have 3 bullish or bearish 4hr candle in a row from the beginning of the day, the direction of that day has been set in the direction or nature of those candles (bullish or bearish). Its usually pointless to fight it.

Today we have 3 bearish 4hr candles in a row, meaning the direction has been set for a drop. It's way more profitable to sell the highs.


Another thing to note is if a candle takes out the highs and lows of the previous candle and closes in the direction of the previous candle, it has made that zone resistance for the next possible move up. It also means that price needs to drop down hard first before coming up. We have such candle on 4hrs today.

Goodluck on your trading.
Risk comes from not knowing what to do
  • #145,089
  • Feb 7, 2022 4:39am Feb 7, 2022 4:39am
Quoting ScalaFX
{quote} From where you have this data ?
https://www.dailyfx.com/sentiment
  • #145,090
  • Feb 7, 2022 4:42am Feb 7, 2022 4:42am
Quoting shay14
{quote} https://www.dailyfx.com/sentiment
Ahh Ok
People don't plan to lose. They lose because they don't plan.
  • #145,091
  • Feb 7, 2022 4:42am Feb 7, 2022 4:42am
Quoting shay14
{quote} https://www.dailyfx.com/sentiment
https://fxssi.com/tools/current-ratio

http://www.livecharts.co.uk/currency-strength.php

https://fpi.tradingstrategyguides.co...ome/?tab=menu5
  • #145,092
  • Feb 7, 2022 4:51am Feb 7, 2022 4:51am
Once again M15 candles arrived at EMA200: 1.1414 area and it would be wise to wait and see if we will have a bounce up or a break below!

Happy new trading week to all
Focus only on what truly matters!
  • #145,093
  • Feb 7, 2022 5:14am Feb 7, 2022 5:14am
Happy new trading week to all,

Currently this is my view and plan for the week. Currently monitoring the area of 1.1430 to 1.14 to see if we bounce up or go down. If the last swing up defined the new range area, Then I am aiming with shorts atleast to the mid of the range seeing there is where we got a reaction last week. If that is the case I will adjust my levels to fit the new range area.

If we bounce from the current levels I will long with SL below last Friday's low.


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  • #145,094
  • Feb 7, 2022 5:15am Feb 7, 2022 5:15am
MTako's crazy 15min Volatility Growth War has been raging on 3H now, and brought great scalping opportunities both ways.

Bulls won the first battle, from 1420s to 40s, then bears won the second from 1430s to 1410s

1-2

The present battle is being won by the bears from 1430 to 1410s, after a small pause in range growth.

Bears have the torch for now and as long as bulls don't get a bull candle + its high broken AND as long as volatility has not stopped growing.

Whichever team has the last word, winning the battle at the time that volatility has ceased to grow, gets 2 points !

UPDATE ! Ho ! Bulls win another 2-2!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #145,095
  • Feb 7, 2022 5:29am Feb 7, 2022 5:29am
The bulls are building up slowly, hopefully they keep it up;
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  • #145,096
  • Feb 7, 2022 5:51am Feb 7, 2022 5:51am
Next stop, high of of 1H ranging highs 1460s? Or bears testing the low of this range again? Good luck to both!

All of the following trades have reached their usual TPs, but I keep them with SL moved at BE, given the longer-term bull trend perhaps in the works:
Quoting mtako
Bought 14175 !
Quoting mtako
Still a merry-go-round, still ranging for me as was the whole of Friday. Buying aggressively from the lows of it, starting at 14217 buy stop 14217 and 14253 14293 back in 5min range attack, if it ever gets back there, Nice power bears, could very well be the start of the bears takeover ! But they have to bring it down and keep it below 1396 to impress me.
Yes, repeat of Friday, second day the charm !?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #145,097
  • Feb 7, 2022 6:05am Feb 7, 2022 6:05am
Time to sell now at 1.14468
Target is 1.13204
Risk comes from not knowing what to do
  • #145,098
  • Feb 7, 2022 6:10am Feb 7, 2022 6:10am
Just closed LONG
Setup was based on a divergence AGAIN!
YES, it's that EASY. The HARDEST part is to WAAAAAAIT for the setup to form.
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  • #145,099
  • Feb 7, 2022 6:11am Feb 7, 2022 6:11am
Waiting for the NEXT setup.
  • #145,100
  • Feb 7, 2022 6:12am Feb 7, 2022 6:12am
Quoting Mitiblotch
Didn't want to mention my earlier buy scalps which I just closed. But I will mention this: Short 1.1440 SL 1.1470. TP 1.1350. Hard stop in place to avoid stories that touch.
Banked this on the dump.

Short again here at 1.1445.
SL: 1.1490. Intentionally kept it that high.
TP: 1.1410. I may move it lower.

I perfectly understand this range and I expect it to be so. But if 1.15 breaks properly then bears will be grilled. But I don't think it is today or tomorrow. The only worry is that Lagarde is still talking today. Again. Can she just shut up?
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