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  • #178,661
  • Aug 23, 2023 3:49am Aug 23, 2023 3:49am
Quoting johncen
{quote} ouch! Hit and run!
ok so now 0830 0725 both touched which were the bear target from last week.
0808 remain untouch for now and should be the reasonable next step. Let see if this level supports for a bounce~ was expecting 0870-90 to load shorts. It happened way too fast to react!
Patience, Emotion Control and Discipline.
  • #178,662
  • Edited 5:04am Aug 23, 2023 3:51am | Edited 5:04am
Starting Long step by step until close 0831

Still building Long, brick by brick
Holy Betting Grail strategy
  • #178,663
  • Aug 23, 2023 3:52am Aug 23, 2023 3:52am
Quoting pedro319
{quote} Keep looking at the weekly chart.
Is there something new on it? I am not good countering trends. I love range trading, even if the range is quite wide. I need to be sure we are not entering one of those nonsensical trends where price just moves quickly. I had 1.0870 as my entry point for short but missed it.

The monthly serves me quite great. This month was a bear once 1.1036 couldn't be broken properly it was sell all the way. And it won't change till this month ends. AMR means 1.1036 is safe this month. Very safe. For now I will watch to see if 1.0780 holds. But I am not keen. I also need to see ratios sentiment ratios begin to shift.
  • #178,664
  • Aug 23, 2023 3:53am Aug 23, 2023 3:53am
Quoting johncen
{quote} ok so now 0830 0725 both touched which were the bear target from last week. 0808 remain untouch for now and should be the reasonable next step. Let see if this level supports for a bounce~ was expecting 0870-90 to load shorts. It happened way too fast to react!
Yeah. It's intentional. Immediately the bull were caught they were slaughtered fast to avoid escape.
  • #178,665
  • Aug 23, 2023 3:59am Aug 23, 2023 3:59am
Quoting Mitiblotch
{quote} Yeah. It's intentional. Immediately the bull were caught they were slaughtered fast to avoid escape.
yes perfect timing with the news!
Patience, Emotion Control and Discipline.
  • #178,666
  • Aug 23, 2023 3:59am Aug 23, 2023 3:59am
Quoting Mitiblotch
{quote} Is there something new on it? I am not good countering trends. I love range trading, even if the range is quite wide. I need to be sure we are not entering one of those nonsensical trends where price just moves quickly. I had 1.0870 as my entry point for short but missed it. The monthly serves me quite great. This month was a bear once 1.1036 couldn't be broken properly it was sell all the way. And it won't change till this month ends. AMR means 1.1036 is safe this month. Very safe. For now I will watch to see if 1.0780 holds. But I am not...
1.0772-50
M1 S1 pivot
W1 Oversold
W1 Trendline
W1 78.6 Fib
H4 ABCD
A decent bounce could be 200-300 pips.
It's pointless to try to get a pips to pips entry because it's weekly but I am pretty sure you will find your way.
We watch the charts from every angle so you don't have to!!
  • #178,667
  • Aug 23, 2023 4:02am Aug 23, 2023 4:02am
This H4 closes below 1.08, there is no need to buy anymore. Unfortunately I did not participate sell today.
Keep the faith and keep going
  • #178,668
  • Aug 23, 2023 4:03am Aug 23, 2023 4:03am
Guessing that just so many longs were trapped in the sudden drop, now same traders are most likely hoping for a pullback... which.... I can anticipate from experience.. will NEVER come! Same old same old...
Focus only on what truly matters!
  • #178,669
  • Aug 23, 2023 4:06am Aug 23, 2023 4:06am
Quoting Ata-Turkoglu
Guessing that just so many longs were trapped in the sudden drop, now same traders are most likely hoping for a pullback... which.... I can anticipate from experience.. will NEVER come! Same old same old...
In these cases the most of people start buying dips and eventually ... but that's forex life
  • #178,670
  • Aug 23, 2023 4:06am Aug 23, 2023 4:06am
Quoting pedro319
{quote} 1.0772-50 M1 S1 pivot W1 Oversold W1 Trendline W1 78.6 Fib H4 ABCD A decent bounce could be 200-300 pips. It's pointless to try to get a pips to pips entry because it's weekly but I am pretty sure you will find your way.
We should close weekly gap at 1.0780
  • #178,671
  • Aug 23, 2023 4:08am Aug 23, 2023 4:08am
Quoting Ata-Turkoglu
Guessing that just so many longs were trapped in the sudden drop, now same traders are most likely hoping for a pullback... which.... I can anticipate from experience.. will NEVER come! Same old same old...
what do you mean no bullish action??
  • #178,672
  • Aug 23, 2023 4:09am Aug 23, 2023 4:09am
Quoting Walz
{quote} We should close weekly gap at 1.0780
That is another one, I haven't noticed it.
Thank you.
We watch the charts from every angle so you don't have to!!
  • #178,673
  • Aug 23, 2023 4:10am Aug 23, 2023 4:10am
Quoting Mitiblotch
{quote} Is there something new on it? I am not good countering trends. I love range trading, even if the range is quite wide. I need to be sure we are not entering one of those nonsensical trends where price just moves quickly. I had 1.0870 as my entry point for short but missed it. The monthly serves me quite great. This month was a bear once 1.1036 couldn't be broken properly it was sell all the way. And it won't change till this month ends. AMR means 1.1036 is safe this month. Very safe. For now I will watch to see if 1.0780 holds. But I am not...
Brother I just weak waited for price to turch 1.08860 to sell deeply but price could not turch it
All I see is price moveing fast the way I didn't expect it to be,I we still stay out from market till I see a good place to sell
Tradeing is not your mate
  • #178,674
  • Aug 23, 2023 4:12am Aug 23, 2023 4:12am
Quoting Ata-Turkoglu
Guessing that just so many longs were trapped in the sudden drop, now same traders are most likely hoping for a pullback... which.... I can anticipate from experience.. will NEVER come! Same old same old...
haha rule number 1 in FX never fight against a trend
Patience, Emotion Control and Discipline.
  • #178,675
  • Aug 23, 2023 4:15am Aug 23, 2023 4:15am
Quoting pedro319
{quote} 1.0772-50 M1 S1 pivot W1 Oversold W1 Trendline W1 78.6 Fib H4 ABCD A decent bounce could be 200-300 pips. It's pointless to try to get a pips to pips entry because it's weekly but I am pretty sure you will find your way.
Excellent stack of confluence you have there. However, my point is that 200 pips from here will give 1.10 and that will not happen this month. Statistically speaking we usually would have at least a 400-pip range for each month. We just have roughly 250. Price tried to break up 1.1036 (monthly pivot) but failed abysmally and logic statistics dictate that price would pursue its monthly range to the downside.

I think bulls are a bit lucky here because August is statistically a ranging month, else the AMR points to a quick check at the lower ends of 1.06xx. This is what I see. And I think bulls need to look at the confluence you have given objectively and trade it with a firm SL (or hedge for those of us who can). I have seen this market since 2005 and know what price can do when it wants to. And if it wants, those confluence would mean nothing as it bulldozes its way downwards.

To add to your confluence we have 1.0792 ADR, 1.0760 and 1.0740 static supports. EU likes 100 pip flows and if we take that from today's top we get around 1.0765. In any case, all should be taken with care, as there is no guarantee, especially if price wants to quickly hit its mobthly range before the end of the month.
  • #178,676
  • Aug 23, 2023 4:16am Aug 23, 2023 4:16am
Attached Image (click to enlarge)
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1.0800 on the way
  • #178,677
  • Aug 23, 2023 4:16am Aug 23, 2023 4:16am
Quoting Jasper1994
{quote} Brother I just weak waited for price to turch 1.08860 to sell deeply but price could not turch it All I see is price moveing fast the way I didn't expect it to be,I we still stay out from market till I see a good place to sell
Yes. You were correct all along with your prediction. I saw your charts. This month remains a short till the end. Spikes should be sold at the right place. Buys must be cautious.
  • #178,678
  • Aug 23, 2023 4:17am Aug 23, 2023 4:17am
Quoting johncen
{quote} haha rule number 1 in FX never fight against a trend
Just scalp against
Keep trading and learning or keep learning and trading!
  • #178,679
  • Aug 23, 2023 4:24am Aug 23, 2023 4:24am
Quoting Walz
{image} 1.0800 on the way
Walz,
Are these FX Option Exparation information available for the publci or it's paid one so you can get it only if you a member or you have subscription, please?
  • #178,680
  • Aug 23, 2023 4:28am Aug 23, 2023 4:28am
Quoting Knez
{quote} Walz, Are these FX Option Exparation information available for the publci or it's paid one so you can get it only if you a member or you have subscription, please?
You can find them on many free websites: forexlive.com fxstreet.com financialjuice.com

https://www.forexlive.com/Orders/fx-...-cut-20230823/
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