its ok
- #176,601
- Jul 21, 2023 12:26pm Jul 21, 2023 12:26pm
- | Joined Mar 2022 | Status: Trader | 1,093 Posts
its ok
- #176,603
- Jul 21, 2023 12:56pm Jul 21, 2023 12:56pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Hi again folks, hope some of you are already enjoying your weekend, and that the rest of you are soon getting ready for some sweet weekend peacefulness, mindfulness, laughter, and love 
!
I started the week off sharing with you a different perspective with charts:
, and which is starting to show in my shared trades already.
Here are the charts I shared back then, and a clean update(last chart), now that the week is over.
We can see the importance today's level has had in the past(blue circle).
Even more so that we are ending this week during EndOfJan2022 determinant support(blue circle).
Alas, it became failed support and an extremely determinant resistance EndOfMarch2022(blue circle), from which Mr.Price played the worst trick for many setups
= a clean 1500some pips drop, before, at last, returning. We are right there, right now.
I also like to take into account the average volatility on the 12H, and noticing the similarity between this level here, these last 7 trading days, and the EndOfNov22 retracement(blue circle), the high of which has still not been seen again.
And EndOfMonths importance!
I like a lot of things don't I
, especially sharing my positive thoughts with all of you.
!I started the week off sharing with you a different perspective with charts:
...12H cycle in full action.., with price now within range of previous predominant downBreakOut+start of my present 12HbasedCycle(2022.2,1.13x-0.95x-?), which came out of the very important and very similar +-700 bars,1.13-1.23-1.13 cycle(yes, the COVID
{quote} And here Zoom-Out-1 to see the 2 cycles together...Both start off from a breakout, July2020 and Feb2022, In between, a great 3Months300pipsRanging "Saloon" bar shootout..2nd cycle is still in full action, perhaps a return within previous cycle, we might see it soon ! This 2nd still forming cycle...
Here are the charts I shared back then, and a clean update(last chart), now that the week is over.
We can see the importance today's level has had in the past(blue circle).
Even more so that we are ending this week during EndOfJan2022 determinant support(blue circle).
Alas, it became failed support and an extremely determinant resistance EndOfMarch2022(blue circle), from which Mr.Price played the worst trick for many setups
= a clean 1500some pips drop, before, at last, returning. We are right there, right now. I also like to take into account the average volatility on the 12H, and noticing the similarity between this level here, these last 7 trading days, and the EndOfNov22 retracement(blue circle), the high of which has still not been seen again.
And EndOfMonths importance!
I like a lot of things don't I
, especially sharing my positive thoughts with all of you.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #176,605
- Edited 1:17pm Jul 21, 2023 1:02pm | Edited 1:17pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
! Make sweet
dear bull, not war ! {image}
Well done dear micro BO, for you actually held as support
!The 1min Hammer stopped price, now let's see if this 15m + 1H hammer will do the same ! Let's also see if the 12th of July's Astronomical up move will have its high become support before a natural new high in this 200some days uptrend!
Let's see if we get a Friday's surprise and get a 8H hammer with that !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #176,606
- Jul 21, 2023 1:10pm Jul 21, 2023 1:10pm
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing
- #176,607
- Jul 21, 2023 1:14pm Jul 21, 2023 1:14pm
Meanwhile, on H1... Volume is slowly fading out and I see 1.1127 area as potential decision point.. Either a bounce back down to 1.1107 (2) area or maybe a retest of one notch higher level: 1.1143 area (1)... Let's see first... nothing for sure yet if bears are done or not! {image}
great weekend all
- #176,608
- Jul 21, 2023 2:07pm Jul 21, 2023 2:07pm
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
EU 1H - Projection {image}
Fools Rushing
- #176,610
- Jul 21, 2023 5:32pm Jul 21, 2023 5:32pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts | Online Now
Patience, Emotion Control and Discipline.
- #176,611
- Jul 22, 2023 2:31am Jul 22, 2023 2:31am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
EU retraced below 1.1185 after the drop from 1.1276 and is sitting above 1.1095 significant support level trying to recover more room but still it needs more work to do at the upside so it can take out 1.1203 and reach first significant resistance at 1.1245. A drop and close below 1.1095 will open 1.1031/1.1012 next.
Weekly Volatility (range) - 119 pips
Significant News - US New Home Sales - Units, US Interest Rate Decision, ECB Interest Rate, US Durable Goods, US GDP QoQ Advance, US Initial Jobless Claims, US PCE Price Index, US Consumer Spending MoM & University Michigan Sentiment Final.
Daily chart with 10 - 50 - 100 - 200 ma's and monthly support & resistance levels.
Have a great rest of the weekend all!
Weekly Volatility (range) - 119 pips
Significant News - US New Home Sales - Units, US Interest Rate Decision, ECB Interest Rate, US Durable Goods, US GDP QoQ Advance, US Initial Jobless Claims, US PCE Price Index, US Consumer Spending MoM & University Michigan Sentiment Final.
Daily chart with 10 - 50 - 100 - 200 ma's and monthly support & resistance levels.
Have a great rest of the weekend all!
Looking for profitable short term trades ...|
- #176,613
- Jul 22, 2023 7:38am Jul 22, 2023 7:38am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
We have a big week ahead of us and for some unknown reason, I am dollar bullish biased.
I do have to note that last time when the rates were left unchanged the dollar lost plenty of ground to the Euro and British pound. But perhaps it is ECB's turn to leave rates unchanged?!
Latest tradingview chart
I do have to note that last time when the rates were left unchanged the dollar lost plenty of ground to the Euro and British pound. But perhaps it is ECB's turn to leave rates unchanged?!
Latest tradingview chart
Risk Management is of utmost importance!
We have a big week ahead of us and for some unknown reason, I am dollar bullish biased. I do have to note that last time when the rates were left unchanged the dollar lost plenty of ground to the Euro and British pound. But perhaps it is ECB's turn to leave rates unchanged?! Latest tradingview chart
EU retraced below 1.1185 after the drop from 1.1276 and is sitting above 1.1095 significant support level trying to recover more room but still it needs more work to do at the upside so it can take out 1.1203 and reach first significant resistance at 1.1245. A drop and close below 1.1095 will open 1.1031/1.1012 next. Weekly Volatility (range) - 119 pips Significant News - US New Home Sales - Units, US Interest Rate Decision, ECB Interest Rate, US Durable Goods, US GDP QoQ Advance, US Initial Jobless Claims, US PCE Price Index, US Consumer Spending...
- #176,617
- Jul 22, 2023 8:37pm Jul 22, 2023 8:37pm
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
weekly
- #176,618
- Jul 23, 2023 4:13pm Jul 23, 2023 4:13pm
- | Joined Apr 2009 | Status: Trader | 1,012 Posts
Okechukwu
Jacob.C.
- #176,619
- Jul 23, 2023 4:44pm Jul 23, 2023 4:44pm
- Joined May 2014 | Status: Full Time Trader | 27,161 Posts
Quick Thoughts for Monday
- Based on D1, and my parallel channels, I am mainly focused on 1.1165 resistance and 1.1100 support areas...
- Overall, I am expecting bulls to eventually attack, BUT to achieve that, support must firstly kill bearish momentum and then bulls have to succeed to jump back above 1.1165 for continuation.
- A stall or a long lasting delay while below 1.1165 would weaken my bullish expectations.
Happy new trading week to all...
Focus only on what truly matters!
- #176,620
- Jul 23, 2023 5:51pm Jul 23, 2023 5:51pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,028 Posts | Online Now
My chart for now, same as Ata will be focusing on 1165-1170 area to see how things work 
Patience, Emotion Control and Discipline.