My take is that we're in a downtrend and about to kick off a new range.
More than that I can't say because they haven't established a range yet, but Monday is usually a good day for it.
I also suspect that Friday's low is not safe come Monday
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Disliked{quote} Impeccable logic ! Either up or down But I will reveal a great secret, there is a third option. This movement is sideways (flat)Ignored
Disliked{quote} You see, before I stabilized, one of the scenario I encountered is the trade will hit TP anyway, but because I am in front of screen and saw it nearly hit TP, I manually exit myself for a little less TP, sometimes I exited even earlier than that, maybe 10% or a little more before hitting TP? If I do nothing, they would hit the full TP. If I keep doing this, eventually the missed profits add up and will slow down my growth, or put it in another way, my result tracking will be not so consistent. That's why I am so against of myself manually...Ignored
DislikedMost important support 1.204 Resistance 1.215 Wednesday could be crucial Fed and CPI. I say with 97% of confidence that if Daily closes above 1.215, perhaps at 1.22, up-trend has started. If Daily closes below 1.204, downtrend should continue. However, after a long time I started getting trend reversal signals. For the trend to be officially up-trend Daily has to close above 1.25 respectively.Ignored
Dislikedchecking one of my old long term chart to see pa . immediate term bearish , intermediate bullish and long more bearish ! and as usual nothing in straight line ! take care {image} {image} {image}Ignored
Disliked{quote} This is actually no joke. Let's say you were shorting Euro against everything yesterday, well, you would have made 550 pips. If you did the same for Pound also that would have been another 550 pips in profit. That means if you were shorting both of these currencies against every other of 8 majors, you would have made over 1000 pips in one day! But how do we get to that that we short both of these? Well, I already identifiyed trends and established which currencies are currently the weakest and which are the strongest. I read somewhere that...Ignored
DislikedIf we see a bearish start to the week the range could be quite limited {image}Ignored
DislikedOut of interest thewolf how do you determine various currency trends. What process do you use?Ignored
Disliked{quote} Your August 11 and August 14 4hr analysis is contradictory. The analysis always goes wrong...this is one example. Instead, why not wait for the PA to develop in a new week and put your post ? On the 11 th, in a bearish scenario, you said bull action in 4 hr chart. Now in today chart, you say Bear action in 4 hr chart. These posts are not going to help anybody. You are senior member and your posts are watched by many including myself. Stick to one analysis, right or wrong, because it is analysis.Ignored
Dislikedchecking one of my old long term chart to see pa . immediate term bearish , intermediate bullish and long more bearish ! and as usual nothing in straight line ! take care {image} {image} {image}Ignored
DislikedWaiting for 2208/3 if hold for strong bull action or bounce to back for previous low, so now target areas.Ignored
Dislikedwatching 2210/2199 signals to see if test and break previous low with short scalping ! little care at 2210 if want too strong bull !! take care {image}Ignored
Dislikedthough it was further correction for gu still looks done prematurely and as already intent try to break previous top 2294 at an earliest to go next target breaks 2430 limit and up 2452 for real test intention reversal signal 2600/2666+. anyway limit down for up 2137 may take 2 waves still to test it . so long scalping already to see, signal up breaks 2203 and 2220. take care {image} {image}Ignored