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  • #179,161
  • Aug 29, 2023 2:00am Aug 29, 2023 2:00am
Quoting Economical
{quote} So we wait for 1.0735 tomorrow?
These are just my thoughts. You know price respects nobody, not even our thoughts. However, from the charts I see equal bottoms at 1.0766 and these are usually taken out due to liquidity. There'll be lots of bull stop losses there. Secondly, the monthly range is roughly 400 pips. The high was already made above and price couldn't sustain above 1.1036 which was the monthly pivot and then broke back down below it and has since sustained a fall. Every chance for a rise has been snuffed out. If the month is to complete its range it definitely won't be by going back to 1.10. It most likely will pursue it to the downside which puts price at around 1.0685 region.
  • #179,162
  • Aug 29, 2023 2:00am Aug 29, 2023 2:00am
Quoting Ata-Turkoglu
For bulls, today is "survive the dips" day.. If bulls can keep price above 1.0775 all good... Let's see..
Can you please explain to me sir ata why this downfall happened, I don't understand why
  • #179,163
  • Aug 29, 2023 2:03am Aug 29, 2023 2:03am
Quoting Niily
{quote} Formed the axis of my day. Above 1.08232 for bulls and below 1.08150 for bears. I will wait break out and test it again.
Okay wait for the confirmation for the bears to do their thing.
Keep the faith and keep going
  • #179,164
  • Aug 29, 2023 2:06am Aug 29, 2023 2:06am
Hi,
wishing successful tradingweek for everyone
Long scalp for me....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230829-090431.png Size: 55 KB


Best
Chriss
  • #179,165
  • Aug 29, 2023 2:16am Aug 29, 2023 2:16am
Quoting Economical
{quote} Can you please explain to me sir ata why this downfall happened, I don't understand why
There could be many explanations but I will keep it as simple as it gets brother...

As you know (if not always), at least most of the time candles flow inside channels. Channel always have a median (mid) line but what many forget is that channels also have quarter lines. If you align these properly you will see that for our case price touched the quarter line at 1.0844 and started dropping. Simply a technical response. But again there could be many other reasons which I have no time or will to discuss here.

I hope it explains.

Best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1.png Size: 13 KB
Focus only on what truly matters!
  • #179,166
  • Aug 29, 2023 2:20am Aug 29, 2023 2:20am
Quoting Mitiblotch
{quote} These are just my thoughts. You know price respects nobody, not even our thoughts. However, from the charts I see equal bottoms at 1.0766 and these are usually taken out due to liquidity. There'll be lots of bull stop losses there. Secondly, the monthly range is roughly 400 pips. The high was already made above and price couldn't sustain above 1.1036 which was the monthly pivot and then broke back down below it and has since sustained a fall. Every chance for a rise has been snuffed out. If the month is to complete its range it definitely...
Ok firstly thank you for the explanation, secondly what I understood is that it was because the British bank holiday, cash flowed into EUR USD and then now it's falling because the holiday ended?
  • #179,167
  • Aug 29, 2023 2:22am Aug 29, 2023 2:22am
Quoting Ata-Turkoglu
{quote} There could be many explanations but I will keep it as simple as it gets brother... As you know (if not always), at least most of the time candles flow inside channels. Channel always have a median (mid) line but what many forget is that channels also have quarter lines. If you align these properly you will see that for our case price touched the quarter line at 1.0844 and started dropping. Simply a technical response. But again there could be many other reasons which I have no time or will to discuss here. I hope it explains. Best wishes...
Thank you a lot
  • #179,168
  • Aug 29, 2023 2:22am Aug 29, 2023 2:22am
Back in 15m range attempt by the half asleep bulls !

Buying time at last, buy stop 0820!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,169
  • Aug 29, 2023 2:29am Aug 29, 2023 2:29am
Quoting Niily
{quote} Okay wait for the confirmation for the bears to do their thing.
0838 looks like around the corner bulls at 0809 where strong, probably they came from higher timeframes.
Looking for profitable short term trades ...|
  • #179,170
  • Aug 29, 2023 2:35am Aug 29, 2023 2:35am
Quoting Niily
{quote} Okay wait for the confirmation for the bears to do their thing.
Now wait for the bull move again.. Looks like a bear trap. Two H1 candles next close above 1.08270 will confirm bull and support today in range 1.08232 - 1.08150.
Keep the faith and keep going
  • #179,171
  • Aug 29, 2023 2:35am Aug 29, 2023 2:35am
Buy stop 08257 08282!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,172
  • Aug 29, 2023 2:37am Aug 29, 2023 2:37am
Quoting Js3mwtRc
{quote} 0838 looks like around the corner bulls at 0809 where strong, probably they came from higher timeframes.
Daily pivot sat at 1.0808. It was supposed to produce a bounce.
  • #179,173
  • Aug 29, 2023 2:41am Aug 29, 2023 2:41am
Quoting fxcontest
Small Buy Limit : 0791 - 0793 V Shape Bull ?
Short again 0826 till 0819, some for hedge Long at 0791 - 0795
Holy Betting Grail strategy
  • #179,174
  • Aug 29, 2023 2:42am Aug 29, 2023 2:42am
Quoting Niily
{quote} Now wait for the bull move again.. Looks like a bear trap. Two H1 candles next close above 1.08270 will confirm bull and support today in range 1.08232 - 1.08150.
See M1 reacts to 1.08232.
Keep the faith and keep going
  • #179,175
  • Aug 29, 2023 2:42am Aug 29, 2023 2:42am
Buy stop 08266 08289!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,176
  • Aug 29, 2023 2:44am Aug 29, 2023 2:44am
Quoting Mitiblotch
{quote} Daily pivot sat at 1.0808. It was supposed to produce a bounce.
I knew that something was going on I was so focused on the Asian low when I wrote and missed it completely, thanks for the heads up!
Looking for profitable short term trades ...|
  • #179,177
  • Aug 29, 2023 2:46am Aug 29, 2023 2:46am
Quoting Niily
{quote} See M1 reacts to 1.08232.
1min 450 ema magic ! Buy stop 08308
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,178
  • Aug 29, 2023 2:53am Aug 29, 2023 2:53am
Buy stop 08215 08231 08249 !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,179
  • Aug 29, 2023 2:56am Aug 29, 2023 2:56am
No more triggering, nice volatility ! Buy stop 08183 08192 08206!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #179,180
  • Aug 29, 2023 3:02am Aug 29, 2023 3:02am
Slow and steady has been swiftly replaced by our oh so cool companion, by large and fast !!
Thank you Mr.Bear, more handsome and sharp than ever !

Buy stop 08227 08269 08276 08302 08319 08332!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
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