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  • #150,381
  • Edited 7:48am Jun 23, 2022 7:34am | Edited 7:48am
Waiting good signal breaks at 0508, confirmation 0505 for 0470 leg down.
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #150,382
  • Jun 23, 2022 7:58am Jun 23, 2022 7:58am
Quoting JBRolim
{quote} It's hard, but we'll get there, leaving an entry in the stone 1.04880
For now my Tp 105840 I'll update according to the movement
"No pain no gain"
  • #150,383
  • Jun 23, 2022 8:05am Jun 23, 2022 8:05am
Hi Ata from your view what can you say that eu is doing at the moment and are you counting any wave at the moment I have loose counting
  • #150,384
  • Jun 23, 2022 8:10am Jun 23, 2022 8:10am
Im new to trading and have found my way here for some insight into EU.

Thanks for the posts guys, helping me on my way
  • #150,385
  • Edited 8:49am Jun 23, 2022 8:28am | Edited 8:49am
Hi,
this is my forecast. In medium Terms (not so far) the target price of 1.05670 will be riched.
The 3 grouped lines is my custom indicator to identify the pending volume in the market.
Attached Image (click to enlarge)
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  • #150,386
  • Jun 23, 2022 8:45am Jun 23, 2022 8:45am
Quoting Enagy
Hi Ata from your view what can you say that eu is doing at the moment and are you counting any wave at the moment I have loose counting
This is roughly where I think we are: inside lands of inner wave 4... Not much has changed.. Patiently waiting to see a resistant wall that triggers bearish continuation towards 1.0450..

The dashed red trendline is my tsunami alert.. If bulls cross above it I would see it as danger to this wave count.. For now, all good...

I hope it helps
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 18 KB
Focus only on what truly matters!
  • #150,387
  • Jun 23, 2022 8:49am Jun 23, 2022 8:49am
This has all been about options expiration... Stay tuned for the upcoming investigation by the EU. The order entry for the DXY is being manipulated to accomodate drops in currency prices. Great forum by the way, thank you.
  • #150,388
  • Jun 23, 2022 8:52am Jun 23, 2022 8:52am
Thanks it help I have that line too been watching it as well,one love
  • #150,389
  • Edited 9:13am Jun 23, 2022 8:56am | Edited 9:13am
Price should have reacted to 1.0525 but nothing... I don't like this pa at all.. Everything seem to be distorted and shifted.. These highs of 1.0555 don't make any sense... We should have been already on the course to 1.03 but here we are watching shenanigans...

I decided to stop trading for this week...

See you next Monday
Focus only on what truly matters!
  • #150,390
  • Jun 23, 2022 9:04am Jun 23, 2022 9:04am
Excuse my simple and beginner analysis.

Im using smart money concepts,

From my chart it looks as though the Imbalance from this mornings price action is being filled before another potential move to the downside,

My Current TP is 1.05580
Attached Image (click to enlarge)
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  • #150,391
  • Jun 23, 2022 9:35am Jun 23, 2022 9:35am
oh really till next week? then happy weekend from now
  • #150,392
  • Jun 23, 2022 9:37am Jun 23, 2022 9:37am
Before I go... sharing one more time the latest situation on H1:

The inner wave 5 down (which completes wave 3) could end somewhere between 1.0493 and 1.0455..

Happy trading to all
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 21 KB
Focus only on what truly matters!
  • #150,393
  • Jun 23, 2022 10:20am Jun 23, 2022 10:20am
Quoting JBRolim
{quote} For now my Tp 105840 I'll update according to the movement
I continue with purchase, Tp 1.06161 / Stp 1.04919
I left the sale hanging at the same price 1.06161
I'm monitoring for possible Tp adjustment.
"No pain no gain"
  • #150,394
  • Jun 23, 2022 10:21am Jun 23, 2022 10:21am
Quoting Js3mwtRc
We have in the news later: US Flash Manufacturing PMI & Flash Services PMI and after that Fed Chair Powell Testifies. The first forecast (manufacturing) is looking worst than the previous number according to ForexFactory's calendar, services look better and Powell perhaps will say the same story like, yesterday. Thinking of what happened yesterday with the EU, price should at least bounce up to around 0540. If, nothing happens like that and price stays presured, then the bulls have it worst this time. This scenario needs the news first...
Price opened at 0514 below 0520 the time of the PMI news broke up and reached 0555 above my expectations. The numbers came worst than the expected.

Powell is dovish and EU is trying to break up, but it will need more, I don't know what that would be.

Temporary it has found good support at 0484, but overall is bearish and ranging.

Only a break of the upper level at 0582, could give it some chances to gain some more pips.

0555 resistance is the up pivot and 0513 support the down pivot.
Looking for profitable short term trades ...|
  • #150,395
  • Jun 23, 2022 10:39am Jun 23, 2022 10:39am
Quoting Js3mwtRc
{quote} Price opened at 0514 below 0520 the time of the PMI news broke up and reached 0555 above my expectations. The numbers came worst than the expected. Powell is dovish and EU is trying to break up, but it will need more, I don't know what that would be. Temporary it has found good support at 0484, but overall is bearish and ranging. Only a break of the upper level at 0582, could give it some chances to gain some more pips. 0555 resistance is the up pivot and 0513 support the down pivot.
Best illustration of the given resistance of 0555 which is basically a monopoly of big banks and according to Ata, it is pain in the a*********s.
One thing I understood now, all the big banks are so clever especially during US session. They know everybody wanted to do short and everybody wanted to see E/U under 1.05 so they do not want to serve Burger King veggie voper sandwitch on the plate and that is why they are dong 180 degree opposite to all retail or individual traders to fill their accounts. I was so pi*****d off when US session starts because exactly that robber bank is doing opposite of what all we are dong and what we want according to Euro situation after all news in a bigger picture. Finally with the help of Allah Tala (GOD), I saved 1.0547 (short entry) out of 1.0555 (current resistance) and take profit (Insha Allah) @ 1.0450ishhhhhh
  • #150,396
  • Jun 23, 2022 10:47am Jun 23, 2022 10:47am
Quoting asyed4
{quote} Best illustration of the given resistance of 0555 which is basically a monopoly of big banks and according to Ata, it is pain in the a*********s. One thing I understood now, all the big banks are so clever especially during US session. They know everybody wanted to do short and everybody wanted to see E/U under 1.05 so they do not want to serve Burger King veggie voper sandwitch on the plate and that is why they are dong 180 degree opposite to all retail or individual traders to fill their accounts. I was so pi*****d off when US session...
Well done! When you begining to learn them then you can make, or save some more pips. Also on news price always do that.

I think they tried to move price up further, but failed
Looking for profitable short term trades ...|
  • #150,397
  • Jun 23, 2022 10:55am Jun 23, 2022 10:55am
Quoting Js3mwtRc
{quote} Well done! When you begining to learn them then you can make, or save some more pips. Also on news price always do that. I think they tried to move price up further, but failed
Agreed, yes they tried one more time this HI to move up but failed @ (1.0532/1.0534)
  • #150,398
  • Jun 23, 2022 10:57am Jun 23, 2022 10:57am
Quoting Shadayday
Excuse my simple and beginner analysis. Im using smart money concepts, From my chart it looks as though the Imbalance from this mornings price action is being filled before another potential move to the downside, My Current TP is 1.05580 {image}
From your post I take by your chart about "smart money concepts" you are referring to ICT. Some advice I may offer is the most important concept to develop is "narrative". Arguably the hardest to develop as it will take watching and seeing price deliver over and over to understand why price is moving the way it is. With FVGs, in your case a SIBI, if price is indeed setting up to go lower it is preferable for it not to completely fill. A slight touch into or reaching the midpoint (CE, consequent encroachment) is indicative of a stronger trend for example.

Daily and 4h FVGs are the most important for the weekly and monthly trend. 1h and 15m for smaller timeframes/trends and narrowing your precision. It's also very important to understand how price typically works a FVG it is filling. For your study note the 4h FVG created at 5am NY time yesterday (approx. 1.05144-1.05306). Even though it filled, pull your box all the way through your chart and study how price is still reacting. Ingrain how it moves into your head. When fully filling a FVG notice how it works slightly above and below the top, middle, and bottom levels and is sensitive to them. Especially when targeting 1d and 4h FVGs you will see price react within it the same but scaled.

For your studies please pull the 1h FVGs created at 9am and 10am NY time yesterday and pull them through all the price action. I would recommend going back in your chart and studying older imbalances as well and looking at where they are respected and WHEN they no longer are.

Forgive me for saying to "study" as in-depth conversation on any topic would take a long time to fully discuss and understand. I do not believe I touched upon anything not publicly referenced by ICT and adhered to my NDA.
  • #150,399
  • Jun 23, 2022 11:02am Jun 23, 2022 11:02am
Quoting Ata-Turkoglu
Before I go... sharing one more time the latest situation on H1: The inner wave 5 down (which completes wave 3) could end somewhere between 1.0493 and 1.0455.. Happy trading to all {image}
no luck for me with the roulette table today

Have a nice weekend

Best
Chriss
  • #150,400
  • Jun 23, 2022 12:22pm Jun 23, 2022 12:22pm
I almost got out of the wave,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-24-06.png Size: 41 KB

Watching the 5M below
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It looks like it's going now
"No pain no gain"
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