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  • #178,581
  • Aug 22, 2023 8:54am Aug 22, 2023 8:54am
Quoting Matts Micro
{quote} Imo this could be the bears just dissolving the weak bulls for the ultimate push through of 834. Potentially a new LL then a continuance Gartley like setup afterwards for the windup hammer down. Not interested in the past but what is happening to the "right" of the chart
Strong momentum might be enough of a wind up to push though 0834 but looking for a long setup at this level. Bears have much work still to go lower but as I've mention previously they are in the game.
As the lights go by so too do the shadows move
  • #178,582
  • Aug 22, 2023 8:55am Aug 22, 2023 8:55am
Quoting klehoang8888
Can someone explain to me what is going on with the market? There is no news today, but it shrinks so deep with approximately 80 pips from the top.
Srsly the market doesn't need a reason to rise or drop.
Fundamental provide Volume, Technical shows Direction
  • #178,583
  • Aug 22, 2023 9:01am Aug 22, 2023 9:01am
Quoting klehoang8888
Can someone explain to me what is going on with the market? There is no news today, but it shrinks so deep with approximately 80 pips from the top.
The market is a bit like a "Choose your own adventure" book where you look for reasons (technically for me) and look for confirmations or rejections until you come to a conclusion and place a trade. I have being reading this "story" and posting it the last few weeks and it makes sense to me... at least in my mind .
As the lights go by so too do the shadows move
  • #178,584
  • Aug 22, 2023 9:02am Aug 22, 2023 9:02am
Quoting klehoang8888
Can someone explain to me what is going on with the market? There is no news today, but it shrinks so deep with approximately 80 pips from the top.
Look at a weekly chart and tell me what you see. So many traders using the small time frame charts that they don't see the bigger picture. though after this hits 1.08. It is either going to drop to 1.03-1.04 or its going back up to 1.13-1.14. Looks almost like a Bearish Bat on the monthly if it goes down and then bounces back up.
  • #178,585
  • Aug 22, 2023 9:03am Aug 22, 2023 9:03am
Fake breakout on the upside and then freefall.
Nice, I booked my longs at loss at right time.
For the jinns time is not like a river but like an ocean!
  • #178,586
  • Aug 22, 2023 9:05am Aug 22, 2023 9:05am
Good job bears, last week's low have been taken out which gives bears upper hand. 1.08212 next
Risk comes from not knowing what to do
  • #178,587
  • Aug 22, 2023 9:10am Aug 22, 2023 9:10am
For now respecting 161.8
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd220823.png Size: 14 KB
"No pain no gain"
  • #178,588
  • Aug 22, 2023 9:14am Aug 22, 2023 9:14am
Quoting Ata-Turkoglu
Repeating my warning from yesterday: WEEKLY resistance sits at 1.0925/35... Careful dear bulls!
Expected effects of weekly resistance.. No surprises here!

Best wishes
Focus only on what truly matters!
  • #178,589
  • Aug 22, 2023 9:16am Aug 22, 2023 9:16am
Quoting Js3mwtRc
{quote} I am still in this trade, not good decision to buy for me but there is the possibility of a surprise so taking the advantage for now, still thinking it will reach lower this week - 0830/0800.
At the road for lower prices, it is not normal what is happening maybe 1.0750 what many rookies are pointing out!
Looking for profitable short term trades ...|
  • #178,590
  • Aug 22, 2023 9:16am Aug 22, 2023 9:16am
If this support holds we go back up 100 pips.
We watch the charts from every angle so you don't have to!!
  • #178,591
  • Aug 22, 2023 9:17am Aug 22, 2023 9:17am
Quoting fxcontest
Down ? Short again Noise ? Please : Ignore button {image}
Your shorts have done really well. Kudos! Shall I say we bulls lost today.
  • #178,592
  • Aug 22, 2023 9:21am Aug 22, 2023 9:21am
Quoting pedro319
If this support holds we go back up 100 pips.
Do you consider the range of 10960 as a target?
Half of the time, the market is building resistance and support levels, and
  • #178,593
  • Aug 22, 2023 9:22am Aug 22, 2023 9:22am
Quoting Ata-Turkoglu
{quote} Expected effects of weekly resistance.. No surprises here! Best wishes
Yes, nothing wrong!

Attached Image (click to enlarge)
Click to Enlarge Name: 152822766-41xM-lyiaWL_01_SL500_.jpg Size: 24 KB
Looking for profitable short term trades ...|
  • #178,594
  • Aug 22, 2023 9:32am Aug 22, 2023 9:32am
Quoting Erkat
{quote} Do you consider the range of 10960 as a target?
Let's see if market takes out 1.0835 first.
I consider that a bit to high but you know it could change very quickly.
We watch the charts from every angle so you don't have to!!
  • #178,595
  • Aug 22, 2023 9:33am Aug 22, 2023 9:33am
0918/30 failed miserable today bulls hopes are laying at 0820/33

1 hour
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 64 KB
Looking for profitable short term trades ...|
  • #178,596
  • Aug 22, 2023 9:36am Aug 22, 2023 9:36am
Quoting Mitiblotch
{quote} Your shorts have done really well. Kudos! Shall I say we bulls lost today.
It was the longs that did it not the shorts!

EURUSD Short 27 % 5493.41 lots 20605 Long 73 % 14542.25 lots 50453
Looking for profitable short term trades ...|
  • #178,597
  • Aug 22, 2023 9:51am Aug 22, 2023 9:51am
Wow the 0833 really works eh everyone press the buy button real hard there
Fundamental provide Volume, Technical shows Direction
  • #178,598
  • Aug 22, 2023 9:52am Aug 22, 2023 9:52am
Based on H4, (reposting same chart) I don't expect much action from here on forwards.. Only a ping-pong game maybe..

Go napping folks.. better for your health
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 20 KB
Focus only on what truly matters!
  • #178,599
  • Aug 22, 2023 9:55am Aug 22, 2023 9:55am
Quoting Js3mwtRc
{quote} It was the longs that did it not the shorts! EURUSD Short 27 % 5493.41 lots 20605 Long 73 % 14542.25 lots 50453
Well, I know you understand I was congratulating him in his wins. In any case, I watched these ratios fail and switch very quickly last week and the previous week. For now bulls are being held at the nuts.
  • #178,600
  • Aug 22, 2023 9:56am Aug 22, 2023 9:56am
Quoting Matts Micro
{quote} Strong momentum might be enough of a wind up to push though 0834 but looking for a long setup at this level. Bears have much work still to go lower but as I've mention previously they are in the game.
Hit my level but couldn't find an entry candle. I suspect that it may drop again and I will add to my position if it does.

Long (crappy entry).
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 79.png Size: 17 KB
As the lights go by so too do the shadows move
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