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  • #178,241
  • Aug 17, 2023 3:33am Aug 17, 2023 3:33am
Quoting pedro319
{quote} Pattern still forming. One of the possibilities is: during news, a quick touch on one or both extensions and sharp turn around. 1.0850 has the best chance but 1.0835 cannot be ignored. Bounce and chance to move stops is the biggest advantage of the pattern along with accurate estimation of potential targets. Good luck. {image}
If 1.0835 comes I am buying with both hands for a check of 1.0900. I am wary though, in case this air decides to complete its monthly range on the downside.
  • #178,242
  • Aug 17, 2023 3:38am Aug 17, 2023 3:38am
Quoting andvk74
{image}
i think you posted earlier
monday low -> thursday high
tuesday low -> friday high
correct?
  • #178,243
  • Aug 17, 2023 3:39am Aug 17, 2023 3:39am
Quoting Mitiblotch
{quote} If 1.0835 comes I am buying with both hands for a check of 1.0900. I am wary though, in case this air decides to complete its monthly range on the downside.
Nothing wrong with closing half and hedging the other half, after all this is 100 pips from entry point and there will be time to make decisions according to pa.
Hedging is good MM practice.
We watch the charts from every angle so you don't have to!!
  • #178,244
  • Aug 17, 2023 3:45am Aug 17, 2023 3:45am
Quoting vankola
Good Morning, Train leaving to 1.093 from platform #2 ? Or delayed... {image}
Mayb later today or tmr i guess.
Fundamental provide Volume, Technical shows Direction
  • #178,245
  • Aug 17, 2023 3:58am Aug 17, 2023 3:58am
Quoting pedro319
{quote} Nothing wrong with closing half and hedging the other half, after all this is 100 pips from entry point and there will be time to make decisions according to pa. Hedging is good MM practice.
I repositioned my wedge lines and see what I got. It gves some extra confidence to a scap near or below 1.0850.
Attached Image (click to enlarge)
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  • #178,246
  • Aug 17, 2023 3:59am Aug 17, 2023 3:59am
Quoting pedro319
{quote} 1.0886 new short term resistance.
Still holding.

Quoting Mitiblotch
{quote} I repositioned my wedge lines and see what I got. It gves some extra confidence to a scap near or below 1.0850. {image}
This move down has offered countless chances for scalping both long and short.
Very rarely I do trendlines (for me they are more of a observational tool) but it does work for many traders, I am focusing solely on harmonic swings.
We watch the charts from every angle so you don't have to!!
  • #178,247
  • Aug 17, 2023 4:26am Aug 17, 2023 4:26am
Quick Weekly Outlook

  1. Bears are giving their best to delay bulls...
  2. 1.0808 is my key support area on this timeframe. (i.e.: the retest of the big rim after the bullish breakout from 5 weeks ago)

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-W1.png Size: 19 KB
Focus only on what truly matters!
  • #178,248
  • Aug 17, 2023 4:27am Aug 17, 2023 4:27am
Quoting pedro319
{quote} Still holding. {quote} This move down has offered countless chances for scalping both long and short. Very rarely I do trendlines (for me they are more of a observational tool) but it does work for many traders, I am focusing solely on harmonic swings.
I am not a trendline trader, either. Occasionally I slap it on the chart and, like you said, it works. Harmonics are great. They help you predict price ahead of time. I don't know much about; I wish I did. My trading style is hybrid and complex. But whatever it is I do it has served me excellently well and has helped me rake in profits week in week out.
  • #178,249
  • Aug 17, 2023 4:27am Aug 17, 2023 4:27am
I don't see any reason for longs, double bottom on the left (aka liquidity) 1.08300 is the object.
be safe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 38 KB
  • #178,250
  • Aug 17, 2023 4:33am Aug 17, 2023 4:33am
Quoting Mitiblotch
{quote} I am not a trendline trader, either. Occasionally I slap it on the chart and, like you said, it works. Harmonics are great. They help you predict price ahead of time. I don't know much about; I wish I did. My trading style is hybrid and complex. But whatever it is I do it has served me excellently well and has helped me rake in profits week in week out.
Regarding the current trade, the more I look at pa and elsewhere, the more I think lower but NOT without a bounce first.
So holding some shorts is best option and ride pullback.
If your system works well, stick to it!!
Cheers.
We watch the charts from every angle so you don't have to!!
  • #178,251
  • Aug 17, 2023 4:36am Aug 17, 2023 4:36am
I am sideline for now, not a good position to long or short.

attempted 2 longs before London 0870 0866 both out @ be
Patience, Emotion Control and Discipline.
  • #178,252
  • Aug 17, 2023 4:44am Aug 17, 2023 4:44am
Quoting johncen
I am sideline for now, not a good position to long or short. attempted 2 longs before London 0870 0866 both out @ be
Try one more from 1.0846.
We watch the charts from every angle so you don't have to!!
  • #178,253
  • Aug 17, 2023 4:45am Aug 17, 2023 4:45am
Quoting pedro319
{quote} Try one more from 1.0846.
yes waiting 0850 or even 0835
Patience, Emotion Control and Discipline.
  • #178,254
  • Aug 17, 2023 4:48am Aug 17, 2023 4:48am
Quoting johncen
{quote} yes waiting 0850 or even 0835
I have closed half of everything and hedged the other half.
Will add more as we go lower.
You are the disciplined trader!!
We watch the charts from every angle so you don't have to!!
  • #178,255
  • Aug 17, 2023 5:02am Aug 17, 2023 5:02am
Quoting fxcontest
Sell Limit 0890 - 0896, for 30 - 50 pips
Cancelled

Start Long 0867 - 0877
Holy Betting Grail strategy
  • #178,256
  • Aug 17, 2023 5:03am Aug 17, 2023 5:03am
Quoting Ziemowit
{quote} i think you posted earlier monday low -> thursday high tuesday low -> friday high correct?
NO, it's Monday - Friday OR Tuesday - Thursday
  • #178,257
  • Aug 17, 2023 5:13am Aug 17, 2023 5:13am
Quoting andvk74
{quote} NO, it's Monday - Friday OR Tuesday - Thursday
so one more push down 1.084 area and from tomorrow we look for longs
  • #178,258
  • Aug 17, 2023 5:18am Aug 17, 2023 5:18am
Quoting pedro319
{quote} I have closed half of everything and hedged the other half. Will add more as we go lower. You are the disciplined trader!!
have made big mistakes in the past of not respecting my system. Can only choose to trust my system and if not feeling good, sl moved to be when possible. Bull may run from here but i will remain sideline for now.

green pips to you
Patience, Emotion Control and Discipline.
  • #178,259
  • Aug 17, 2023 5:50am Aug 17, 2023 5:50am
Quoting johncen
{quote} have made big mistakes in the past of not respecting my system. Can only choose to trust my system and if not feeling good, sl moved to be when possible. Bull may run from here but i will remain sideline for now. green pips to you
I could not agree more. I sometimes suffer from "perfectionist syndrome" and have missed large moves because of little pips, then I decided to enter in 2 or 3 different places, the same with profit taking.
Green pips to you too.
We watch the charts from every angle so you don't have to!!
  • #178,260
  • Aug 17, 2023 6:20am Aug 17, 2023 6:20am
Meanwhile, on H1...

Hesitant bulls are trying... 1.0865 area is my nearest support...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 17 KB
Focus only on what truly matters!
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