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  • #153,281
  • Aug 2, 2022 6:35am Aug 2, 2022 6:35am
Quoting Ata-Turkoglu
For the rest of this day I am marking 1.0266 area as main resistance... If price goes back, I would keep selling the area as long as H1 candles open below it... If candles open above it, I would stay on sidelines though...
Ok if breaks up 0248 for a 4rth or b to down to 0200, 0176. 0243 may fail to 0205/00 for 0248 if. Without 0248 ++ having limit 0260 may continue taNk though, let's see.
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,282
  • Aug 2, 2022 6:39am Aug 2, 2022 6:39am
Quoting Ata-Turkoglu
{quote} Assuming you are correct, it would mean that the abc correction is done (i.e. wave 4 is complete) and we should go down to finish wave 5 of 5... Based on the fib extension method, which I learned from Bill Williams, that would be somewhere between 0.9884 and 0.9630! Time will tell {image}
This would fit my theory as well. I have only been in sell mode until I get the break below my target, or break above to invalidate the count. Reposting the chart I posted a week or so ago.

However, the argument could be made that 1.0095 is the end of wave 5. It gets a bit dangerous to short below that level. Any rallies that I fade will have some profits taken at 1.0095.
Attached Image (click to enlarge)
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  • #153,283
  • Aug 2, 2022 6:44am Aug 2, 2022 6:44am
Quoting fontu
{quote} Ok if breaks up 0248 for a 4rth or b to down to 0200, 0176. 0243 may fail to 0205/00 for 0248 if. Without 0248 ++ having limit 0260 may continue taNk though, let's see. {image} {image}
Thanks brother.. For now I have no issues with M30, your analysis is also aligned... I think the real dilemma comes from the H4... Have you taken a look at your H4 chart? If yes, what do you think of 1.0218 area? That level could become a real pain in the neck for bears don't you think? Just curious...
Focus only on what truly matters!
  • #153,284
  • Aug 2, 2022 6:47am Aug 2, 2022 6:47am
my trading setup

edit: stopped
Attached Image (click to enlarge)
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Swing Trader
  • #153,285
  • Aug 2, 2022 6:59am Aug 2, 2022 6:59am
Quoting mustafayucel
my trading setup edit: stopped {image}
I know your intention and I am aware that bulls are still lurking BUT I wouldn't risk longs today... First I need to see that 1.0218 area gets properly tested by bears.. If it shows signs of a bounce and I see supportive pa then maybe buying could also come in handy... but for now it is too early I believe!

Best wishes
Focus only on what truly matters!
  • #153,286
  • Aug 2, 2022 7:07am Aug 2, 2022 7:07am
Quoting Ata-Turkoglu
{quote} I know your intention and I am aware that bulls are still lurking BUT I wouldn't risk longs today... First I need to see that 1.0218 area gets properly tested by bears.. If it shows signs of a bounce and I see supportive pa then maybe buying could also come in handy... but for now it is too early I believe! Best wishes
Thank you Ata.
Swing Trader
  • #153,287
  • Aug 2, 2022 7:16am Aug 2, 2022 7:16am
Go! My Wonderful Bears! And bring my the pips!
Risk Management is of utmost importance!
  • #153,288
  • Aug 2, 2022 7:32am Aug 2, 2022 7:32am
i honestly waiting for the worst US numbers. It's either 1.0260 or 1.0160.

Lets see
  • #153,289
  • Aug 2, 2022 7:38am Aug 2, 2022 7:38am
Quoting Ata-Turkoglu
{quote} Thanks brother.. For now I have no issues with M30, your analysis is also aligned... I think the real dilemma comes from the H4... Have you taken a look at your H4 chart? If yes, what do you think of 1.0218 area? That level could become a real pain in the neck for bears don't you think? Just curious...
May be missing something important! Anway usually trade decision taking from h4 tf, pullback lecels go to 0200, 0180 while hr close related correction at 0176, low may 0145, ef extension may low 0145 4rth to up try. Now waiting for short tp 0200 and 0180. To see what next
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,290
  • Aug 2, 2022 8:17am Aug 2, 2022 8:17am
Quoting fontu
{quote} May be missing something important! Anway usually trade decision taking from h4 tf, pullback lecels go to 0200, 0180 while hr close related correction at 0176, low may 0145, ef extension may low 0145 4rth to up try. Now waiting for short tp 0200 and 0180. To see what next {image}
Thanks fontu... for now I keep selling spikes... take care

*On a side note I started to notice supportive behavior coming from 1.0218 area... Not a good sign for bears!
Focus only on what truly matters!
  • #153,291
  • Aug 2, 2022 8:26am Aug 2, 2022 8:26am
Attached Image (click to enlarge)
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always shorting eu All Time Profit: $1,476
  • #153,292
  • Aug 2, 2022 9:03am Aug 2, 2022 9:03am
...finally some visible bear momentum.. Let's see if we can get to 1.0165 area...
Focus only on what truly matters!
  • #153,293
  • Aug 2, 2022 9:06am Aug 2, 2022 9:06am
approaching my 2nd tp at 0187 , will be carefull at this level . as one wave 3 may end and wave over 0248 try possible. breaks and hold 0186 then look for 0160, limit up for further down 0202!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #153,294
  • Aug 2, 2022 9:06am Aug 2, 2022 9:06am
Quoting Traderview
i honestly waiting for the worst US numbers. It's either 1.0260 or 1.0160. Lets see
We had bad numbers and yet the market keeps dropping, this is prove that Fundamentals only adds fuel to the direction.
Risk comes from not knowing what to do
  • #153,295
  • Aug 2, 2022 9:10am Aug 2, 2022 9:10am
Quoting Ata-Turkoglu
...finally some visible bear momentum..
Only the baby so far...

Attached Image (click to enlarge)
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...because you never know - until you do!
  • #153,296
  • Aug 2, 2022 9:14am Aug 2, 2022 9:14am
Quoting JBRolim
Para a estratégia que Ata se referiu (A) (B) (C) aqui está a minha opinião. O preço tem que ficar abaixo de 1,02600, então espero 1,00800 / 1,00750 entrada para comprar. Tp 1,03800 (100% de retração Fibo). {imagem}
New update:
a rally above 1.02600 with re-closing a block at 1.02800 accepted. "Image Below"
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"If" (A) is at this latest high, then (B) will be around 1.00600.
(This is just a suggestion due to wave (C) being scheduled for approximately 12/08)
"No pain no gain"
  • #153,297
  • Aug 2, 2022 9:16am Aug 2, 2022 9:16am
Quoting Austyno
{quote} We had bad numbers and yet the market keeps dropping, this is prove that Fundamentals only adds fuel to the direction.
News will take affect after stop hunts of the breakout traders.
  • #153,298
  • Aug 2, 2022 9:18am Aug 2, 2022 9:18am
Meanwhile, on H1...

Marking 1.02155 as nearest resistance.. BUT I am also aware that bears might face some bottleneck around 1.0165/78 area... (it sits roughly at an AB=CD pattern completion point, D=1.0167... so baby bears must be careful!)
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #153,300
  • Aug 2, 2022 9:27am Aug 2, 2022 9:27am
Quoting Austyno
{quote} We had bad numbers and yet the market keeps dropping, this is prove that Fundamentals only adds fuel to the direction.
Didn't you see it's been droping since morning. I was asking why wasn't we or me couldn't able to fihure it out with a good patterns, PA and Setups. I was on the bullish side but couldn't able to see or enter at any point. A bear view would've given me good money.
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