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  • #1,213,241
  • Apr 3, 2022 10:34am Apr 3, 2022 10:34am
I love this thread because there are no dictators here, each person is free to post his views and each person is free to decide who goes on his or her personal ignore list

even price is free to decide in which direction it wishes to go ; in this thread lol
do not follow me 99.9999999% of times, rest you can lol
  • #1,213,242
  • Apr 3, 2022 3:43pm Apr 3, 2022 3:43pm
EURUSD price action on the daily time frame is in consolidating mode within a rising wedge in the context of a bearish technical environment. On Wednesday, price action retested the wedge resistance trendline and the 1.11200 horizontal resistance (red), but a bearish rejection candlestick was issued on Thursday. Friday’s bearish continuation print was not significant as price action tackles the upper boundary of the significant 1.10200/1.07300 monthly demand zone (green). We may see further bearish push in the early part of this week, but we cannot rule out further corrective price action as the 1.10200/1.07300 monthly demand zone (green) is tackled.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,213,243
  • Apr 3, 2022 4:15pm Apr 3, 2022 4:15pm
Quoting KeenPips
EURUSD price action on the daily time frame is in consolidating mode within a rising wedge in the context of a bearish technical environment. On Wednesday, price action retested the wedge resistance trendline and the 1.11200 horizontal resistance (red), but a bearish rejection candlestick was issued on Thursday. Friday’s bearish continuation print was not significant as price action tackles the upper boundary of the significant 1.10200/1.07300 monthly demand zone (green). We may see further bearish push in the early part of this week, but we cannot...
I enjoy your Sunday analysis very much.

The thing about the rising wedge/channel, it's very subjective especially after the fact. I've been looking at it as a rising wedge as well, but as more of a triangular pennant. These channels and pennants build liquidity on both sides to fool buyers and sellers alike, and eventually take both sides out. I think we saw that happen last week and this pair is now poised to continue down. I see maybe one last push up to near 1100 to fill a lower TF supply zone, then continuation bearish.
Attached Image (click to enlarge)
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Attached Image
  • #1,213,244
  • Apr 3, 2022 4:20pm Apr 3, 2022 4:20pm
Thanks mate for your kind sentiment. Regarding pattern trading, really I'm not a pattern trader. I look at the context, order flow, preceding trend and, being a medium-term swing trader, the W1 tf trend.

Trade safe, prosper.

KP

Quoting fxpipper
{quote} I enjoy your Sunday analysis very much. The thing about the rising wedge/channel, it's very subjective especially after the fact. ...
Do your homework, follow the footprints of smart money
  • #1,213,245
  • Apr 3, 2022 5:07pm Apr 3, 2022 5:07pm
Quoting KeenPips
Thanks mate for your kind sentiment. Regarding pattern trading, really I'm not a pattern trader. I look at the context, order flow, preceding trend and, being a medium-term swing trader, the W1 tf trend. Trade safe, prosper. KP {quote}
I don't do pattern trading anymore either, I was just trying to highlight the fallacy of the whole thing. Of people drawing trendlines/channels and how sooner or later they will be taken out.
  • #1,213,246
  • Apr 3, 2022 5:16pm Apr 3, 2022 5:16pm
Noted lol!

KP

Quoting fxpipper
{quote} I don't do pattern trading anymore either, I was just trying to highlight the fallacy of the whole thing. Of people drawing trendlines/channels and how sooner or later they will be taken out.
Do your homework, follow the footprints of smart money
  • #1,213,247
  • Apr 3, 2022 8:19pm Apr 3, 2022 8:19pm
https://www.tradingview.com/chart/EU...-EURUSD-SHORT/

I am feeling really bearish on EU
  • #1,213,248
  • Apr 3, 2022 8:21pm Apr 3, 2022 8:21pm
Quoting KeenPips
EURUSD price action on the daily time frame is in consolidating mode within a rising wedge in the context of a bearish technical environment. On Wednesday, price action retested the wedge resistance trendline and the 1.11200 horizontal resistance (red), but a bearish rejection candlestick was issued on Thursday. Friday’s bearish continuation print was not significant as price action tackles the upper boundary of the significant 1.10200/1.07300 monthly demand zone (green). We may see further bearish push in the early part of this week, but we cannot...
I see bears coming in hot bro
  • #1,213,249
  • Apr 3, 2022 8:22pm Apr 3, 2022 8:22pm
Quoting fxpipper
{quote} I enjoy your Sunday analysis very much. The thing about the rising wedge/channel, it's very subjective especially after the fact. I've been looking at it as a rising wedge as well, but as more of a triangular pennant. These channels and pennants build liquidity on both sides to fool buyers and sellers alike, and eventually take both sides out. I think we saw that happen last week and this pair is now poised to continue down. I see maybe one last push up to near 1100 to fill a lower TF supply zone, then continuation bearish. {image} {image}...
I had quit trading chart patterns years ago. It is so subjective I like to use real time stats and react to what the market is telling me.
  • #1,213,250
  • Apr 3, 2022 8:58pm Apr 3, 2022 8:58pm
Quoting navyforex
{quote} I had quit trading chart patterns years ago. It is so subjective I like to use real time stats and react to what the market is telling me.
good to know but what do you mean by real time stats - interest rates, cpi, etc + candle stick patterns on hourly /daily timeframe?
How do u analyse. Pls share. It would be interesting to learn as some of us only look at chart patterns.
Thanks
  • #1,213,251
  • Apr 3, 2022 9:36pm Apr 3, 2022 9:36pm
Quoting forkstrader
{quote} good to know but what do you mean by real time stats - interest rates, cpi, etc + candle stick patterns on hourly /daily timeframe? How do u analyse. Pls share. It would be interesting to learn as some of us only look at chart patterns. Thanks
I just looked at what price tell me. It’s like reading a book I don’t assume each chapter is gonna be the same because of previous chapters/story lines so I just see what is presented to me and react to that which is price
  • #1,213,252
  • Apr 3, 2022 10:50pm Apr 3, 2022 10:50pm
Quoting tiborf71
{quote} mate. i looked at the chart but only a huge DD i see. and do you think that is good? h4.
Do you know how many demo accounts I made since 2006 ?
If you don't know then just shut up LMAO
do not follow me 99.9999999% of times, rest you can lol
  • #1,213,253
  • Apr 3, 2022 11:35pm Apr 3, 2022 11:35pm
Likely good correction possible to even bull try. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,213,254
  • Apr 4, 2022 12:49am Apr 4, 2022 12:49am
EU is sleeping yet and until volatility comes back for the new week it will range inside a tight range 1076/1028.

Here is a 4H chart so you can see where some levels are located, hope it helps!

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Until Wednesday FOMC will keep it down, but peace talks, or other good news would be suprises and bears should wait to fade them, so stay alert.
Looking for profitable short term trades ...|
  • #1,213,255
  • Apr 4, 2022 12:54am Apr 4, 2022 12:54am
Here's my strategy....
1) Study my charts
2) Determine my entry/exit points
3) Execute the trades
4) IGNORE PEOPLE ON THIS SITE WHO BITCH LIKE LITTLE PUSSIES

After a while, you can pretty much determine who are knowledgeable and who are just pure bullshitters here....
Lost....
  • #1,213,256
  • Apr 4, 2022 3:15am Apr 4, 2022 3:15am
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The rebound from 1.10 40 level proved to be anaemic and dissapointing. It just shows how bearish the E. is.....

  • #1,213,257
  • Apr 4, 2022 3:40am Apr 4, 2022 3:40am
Quoting gespiri
Here's my strategy.... 1) Study my charts 2) Determine my entry/exit points 3) Execute the trades 4) IGNORE PEOPLE ON THIS SITE WHO BITCH LIKE LITTLE PUSSIES After a while, you can pretty much determine who are knowledgeable and who are just pure bullshitters here....
excellent way to trade
do not follow me 99.9999999% of times, rest you can lol
  • #1,213,258
  • Apr 4, 2022 3:43am Apr 4, 2022 3:43am
Quoting F.g
{image} The rebound from 1.10 40 level proved to be anaemic and dissapointing. It just shows how bearish the E. is.....
Sentix proved that!
Looking for profitable short term trades ...|
  • #1,213,259
  • Apr 4, 2022 4:22am Apr 4, 2022 4:22am
Quoting gespiri
Here's my strategy.... 1) Study my charts 2) Determine my entry/exit points 3) Execute the trades 4) IGNORE PEOPLE ON THIS SITE WHO BITCH LIKE LITTLE PUSSIES After a while, you can pretty much determine who are knowledgeable and who are just pure bullshitters here....
Wait a minute! What about the experts in bovines? You know, the ones with loads of knowledge and experience in all manner of producing and distributing cow patties?
To free Gazans of Hamas, use whatever it takes.
  • #1,213,260
  • Apr 4, 2022 5:12am Apr 4, 2022 5:12am
Quoting DrDave
{quote} Wait a minute! What about the experts in bovines? You know, the ones with loads of knowledge and experience in all manner of producing and distributing cow patties?
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do not follow me 99.9999999% of times, rest you can lol
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