As the lights go by so too do the shadows move
- #178,502
- Aug 21, 2023 12:18pm Aug 21, 2023 12:18pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Quick hello mates
!
Hope you are well!!
Waaaay too long a time no see
!!!!
And on the Seventh Day, a previous daily high has finally been broken
!Hope you are well!!
Waaaay too long a time no see
!!!!And on the Seventh Day, a previous daily high has finally been broken
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,504
- Edited 1:20pm Aug 21, 2023 12:45pm | Edited 1:20pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
And again, thanks to Ranging/Sideways/ChoppyChoppy Science 
on the larger scale, all my live shares with TPs hit since my last TPs hit update are being reused in the beautiful form of, you guessed it, juicy fresh buy stops with exact same entry and TPs !
that photo of me?!!!!! wow
, I love it, thoughtful and hilarious. You made my day dear RaHaG0D!
P.S And you were sooo generous with my surroundings also. May my new friends follow me from FF to my dreams
on the larger scale, all my live shares with TPs hit since my last TPs hit update are being reused in the beautiful form of, you guessed it, juicy fresh buy stops with exact same entry and TPs !{quote} Yes, all traders have telepathy together on the same level. mtako isn't here now, I will post pic instead of him. Let's not be too formal {image}
that photo of me?!!!!! wow, I love it, thoughtful and hilarious. You made my day dear RaHaG0D!P.S And you were sooo generous with my surroundings also. May my new friends follow me from FF to my dreams
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,505
- Aug 21, 2023 1:32pm Aug 21, 2023 1:32pm
- | Commercial User | Joined Jul 2013 | 7,885 Posts
We watch the charts from every angle so you don't have to!!
- #178,506
- Aug 21, 2023 2:02pm Aug 21, 2023 2:02pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Alternative larger inverted H&S, neckline at 1.1030. H4 chart. All my trading this week is going to be about the patterns posted and quality of the price action, that will decide whether price is doing what it should be doing vis-a-vis the patterns. I will be ready also to trade their failure, if that is the case. {image}
That down movement is still oh so steady
. Lows are shallow and it's moving oh sooo slow
.But these levels have supported beautifully in the past, even recent past in this uptrend.
Nonetheless, if it just keeps doing what it is doing, we won't see >1.1 before <1.08.
It might take a couple of years at this speed
.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,507
- Aug 21, 2023 2:14pm Aug 21, 2023 2:14pm
- | Commercial User | Joined Jul 2013 | 7,885 Posts
{quote} Pedro! So nice to see you are still here! Enjoying your 4H view! That down movement is still oh so steady. Lows are shallow and it's moving oh sooo slow. But these levels have supported beautifully in the past, even recent past in this uptrend. Nonetheless, if it just keeps doing what it is doing, we won't see >1.1 before <1.08. It might take couple of years at this speed
In theory we should get retracement to 1.0960-80 and continuation down to 1.0750-00.
For that to happen the two patterns will have to fail in addition to choppy slow retracement to 1.0960-80.
In another words, if we get acceleration up, it will be the first sign that the patterns might work and indeed higher retracement will come.
That is why I will be hedging from any significant level, at the moment there is no reason to believe this is a reversal.
The situation with the U.S Bond market with yields climbing to 5 % is the problem for the bullish view.
So, step by step and with all the bits of evidence gathered we will be able to decipher the enigma.
It is nice to see you too and discuss FX.
Cheers.
We watch the charts from every angle so you don't have to!!
- #178,508
- Aug 21, 2023 2:18pm Aug 21, 2023 2:18pm
- Joined Sep 2017 | Status: Trader | 11,262 Posts | Online Now
- #178,509
- Aug 21, 2023 2:26pm Aug 21, 2023 2:26pm
- | Commercial User | Joined Jul 2013 | 7,885 Posts
We watch the charts from every angle so you don't have to!!
- #178,510
- Edited 2:42pm Aug 21, 2023 2:31pm | Edited 2:42pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Usually when price moves like this, forms new patterns. That is the only help I am getting at the moment. In theory we should get retracement to 1.0960-80 and continuation down to 1.0750-00. For that to happen the two patterns will have to fail in addition to choppy slow retracement to 1.0960-80. In another words, if we get acceleration up, it will be the first sign that the patterns might work and indeed higher retracement will come. That is why I will be hedging from any significant level, at the moment there is no reason to believe this...
.This +-400 pips price cycle has been a nice ride. Support above the middle of it, >1.1060, and/or <1.08, would give me even more long-term setups.
{quote} Anybody who has not seen this buy that is about to explode upwards is sleeping on a bicycle. Hehehe... I have bought boat loads. This is one of the simplest trades for me. The pattern is there. The shape and what I secretly refer to as "shape balance" which I wont explain here, are all in sync. I see the most recent lower highs getting tapped out. 1.0960 is first flight destination. I will jump out of the flight there.
Wishing you all the best with your buying mate! , and I'm clearly on board, but even more so after we finally get out of this steady down movement
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,511
- Aug 21, 2023 2:54pm Aug 21, 2023 2:54pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #178,512
- Aug 21, 2023 2:56pm Aug 21, 2023 2:56pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote}...This +-400 pips price cycle has been a nice ride. Support above the middle of it, >1.1060...
, that we have not seen since
.Alas, so much slower does not mean it is bound for a continuation of the trend and a new high. But we are still +-250pips from previous higher low of this uptrend, on the larger scale = from the HH HL perspective, we have been having a perfect uptrend for almost one full year now
which, one could argue, still outweighs whatever happens in these choppy seas right here right now!Mr.Bear sure is happy for now though. He is still thriving but at a much slower pace, but maybe because of his vacation in the marvellous South of France, oh Oui!!
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,513
- Aug 21, 2023 3:12pm Aug 21, 2023 3:12pm
- Joined Jul 2011 | Status: Gold Again | 10,586 Posts
Imo it is a dangerous level to make assumptions. I too have being watching the H&S formation but often a well established formation is deliberately hacked for good profits and liquidation in the opposite direction. There is still hard resistance (yellow line) to break to get to the right shoulder. There are strong signals that the bears have a strong foothold in the market at the moment. The weekly has a 61.8% correction and also a rising wedge BO from last week, far from confirmed yet though. If the current 4hr candle confirms to be a hard...
The posted chart doesn't even have a right shoulder, purely speculation, crystal balling, and projected hope is all they have.
Not falling for it, let's see where is goes, market is just playing with until the big news later this week.
Cheers
It takes a lot for me to IGNORE you, but you can try.
- #178,514
- Aug 21, 2023 3:26pm Aug 21, 2023 3:26pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
With Pedro, I find that it is worth reading previous posts. One would clearly understand that he was talking about the possible pattern, but acting on a set of factors that far encompasses this mere possibility...
P.S Leave the crystal balling
to me folks
!, and I've got a yummy one on top of that !
P.S Leave the crystal balling
to me folks!, and I've got a yummy one on top of that !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,516
- Aug 21, 2023 3:42pm Aug 21, 2023 3:42pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
There is no opposition to the potential of a pattern formation as it is how I often trade. Looking to the right of the chart for formations is to be commended and exhibits foresight and a skill to be developed. It will give a trader an edge.
It is why I enjoy posting on these threads as I often see my own bias challenged and forces me to rethink my strategy. I also post my thoughts just for a constructive view that potentially may help others to come to a decision.
Green pips.
It is why I enjoy posting on these threads as I often see my own bias challenged and forces me to rethink my strategy. I also post my thoughts just for a constructive view that potentially may help others to come to a decision.
Green pips.
As the lights go by so too do the shadows move
- #178,517
- Aug 21, 2023 3:56pm Aug 21, 2023 3:56pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote}Yes, I agree, move in a given time-span is......
{quote} It always amazes me how you find the time to write such long texts with the always fun & funny photos. The abilities of your mind are amazing. {image}
It's really just the power of this inspiring thread +
The power of caring+
The power of laughter+
Finding the balance between mindfully slowing down to speed things up, and mindfully speeding things up to slow things down+
Making a habit of focusing on a proven set of rules so much so as to tame the illusion of time and direction, and moving passed them.
Big Cheers, always!
Oh! I almost forgot, and of course, there's no better way to slow down time than to (be sure to read all the way down)
:
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #178,519
- Aug 21, 2023 4:11pm Aug 21, 2023 4:11pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
That is all for now folks !
Oh wait, oh no, is it? can't be! It is:
Have a most amazing Taco Tuesday dear fellow traders, and may your day's trading be as good as my best taco !!!
!Oh wait, oh no, is it? can't be! It is
:Have a most amazing Taco Tuesday dear fellow traders, and may your day's trading be as good as my best taco !!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
