Be a seer, not a looker!
Ata's Trend Hunter V3.6 All Time Return:
-25.6%
LIVE Trades Only : EURUSD & GBPUSD 122 replies
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Trading EURUSD only 43,752 replies
Eurusd-5m Trading Only 109 replies
Script to change EA to long only/ short only at a price level? 1 reply
Disliked{quote} Sir, I have no words, how can I thank you, you have told me about the world i am very happy i want to thank you allIgnored
Best wishes
DislikedWeekly Outlook Personally, I don't enjoy talking about the long term. To me long-term talk belongs to governments to set the course for agriculture, construction, health-care, economy, education etc etc. When masses are involved, long-term talk makes sense. But for us mere mortals, intraday talk feels much better. That said, here I am still giving my quick long-term view, for those who can't do without it! The trend on weekly is BULLISH but momentum has slowed down and that way, still forming a less steep channel. From experience, these less steep...Ignored
DislikedI always consider both the upside & the downside to enter the market from both sides. A bullish view: Because both X & A have gathered from both sides, we can consider the 5-0 pattern, which can continue at 1.618-2.24 Fibonacci, and then correct the price to the 50 level of the CB wave and grow again. Of course, this analysis is for when C reacts on the 1.618 Fibo & returns. It should also be kept in mind that they didn't close above the weekly & monthly pivot for 4 hours and daily. we can continue the downward pattern that shows the target of 1.09000{image}...Ignored
Disliked{quote} Yes, patterns are not always reliable but you can watch how the price closes above or below a level and see the pressure of where the market is heading, but of-course there is always the chance for that level to not hold and the price to shoot suddenly and break that level. I would give more weight on the risk management on a trade.Ignored
DislikedEU broke 1.1000 and heading to the weekly pivot and if not a bounce from there then next support is at 1.0963 where a close below could lead the price lower. A bounce will test the Fridays high again but a close above 1.1000 is needed first. Daily Volatility (range) - 45 pips {image} Have a great week!Ignored
Dislikedweekly levels, daily direction is up, already diverging with HL and extreme OS. daily and weekly MA's + weekly 50% level should be strong support. if it hold we should have HH, or a double top at week high and upper daily band. {image} trade with care. cheers,Ignored
Disliked{quote} Yes Patterns always show an area from which there will be a possibility of reversal. There is no pattern that says the market must return to this price. Because if its levels are broken, it can be making another pattern. That area (PRZ) should be checked in the low & high time (Breakdown of the structure, divergence & convergence, Fibonacci levels of the waves...), this increases the probability of winning. As you well said, MM is the key - learning hedge will also help.{image} The week began with a conversation with you. How pleasant...Ignored
DislikedTrading plan. This week I am looking at 1.0960 to buy for another leg up. Inverted H&S H4 (they usually follow Bfly). Shorts from Friday are ok, I will take half profit at the same level.Ignored
Disliked{quote} Great, I know about hedging but not all platforms or countries support it. I am one of the lucky onesIgnored
Disliked{quote} There is a point that I tell people who have just started not to make my past mistakes Newbies use indicators for patterns, which are too many, and trade, they may always lose. Indicators usually analyze a big wave, whose possible return zone may be more than 200 pips, and the person keeps trading & the price comes down & thinks that the pattern & the indicator are wrong. The indicator and pattern are completely correct. We must know the PRZ levels. When we learn the patterns ourselves, we will definitely choose smaller waves based...Ignored