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  • #180,321
  • Sep 12, 2023 2:42am Sep 12, 2023 2:42am
Quoting TheWraith
With Weekly confirming Short we are probably looking at 1.03 soon. Fundamentally, ECB is probably done raising rates (bad for Euro) and CPI to come in higher (good for USD). We'll see...
Most of the traders here are scalpers and trade smaller ranges but if I see longer term then it can go lower to 1.0200 after it take the bulls out at around 1.0610 but first we need to get there and not break 1.1275 a level to rethink all this and decide.
Looking for profitable short term trades ...|
  • #180,322
  • Sep 12, 2023 2:47am Sep 12, 2023 2:47am
I may regret that i did not close my remaining longs today as pa failed to climb higher and start closing under 0735.
i will hold on to them with sl under 0715 just to protect some profit
Patience, Emotion Control and Discipline.
  • #180,323
  • Sep 12, 2023 2:51am Sep 12, 2023 2:51am
Quoting TheWraith
With Weekly confirming Short we are probably looking at 1.03 soon. Fundamentally, ECB is probably done raising rates (bad for Euro) and CPI to come in higher (good for USD). We'll see...
I am confused: you are confirming short after 8 weeks of consecutive W1 bearish candles? Don't you think your confirmation is a little bit delayed? Just saying...

Imho, the weekly short was confirmed 4 weeks ago... BUT now we (the bulls) are expecting a significant correction before we go lower. Corrective targets are sitting around 1.0925... Time will tell..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #180,324
  • Sep 12, 2023 2:51am Sep 12, 2023 2:51am
I just bought 1.0717. SL 1.0617. TP 200 pips. I really do not have a basis for this trade other than that I want to give bulls a chance. So do not follow. This is not one of those trades I am sure about.
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  • #180,325
  • Sep 12, 2023 2:53am Sep 12, 2023 2:53am
Quoting johncen
I may regret that i did not close my remaining longs today as pa failed to climb higher and start closing under 0735. i will hold on to them with sl under 0715 just to protect some profit
My friend, I think this current drop will be the last drop and after that we will move to channel 0800 without delay.⁦⁩
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Half of the time, the market is building resistance and support levels, and
  • #180,326
  • Sep 12, 2023 2:56am Sep 12, 2023 2:56am
Quoting Erkat
{quote} My friend, I think this current drop will be the last drop and after that we will move to channel 0800 without delay.⁦⁩
thanks mate~ will be waiting to see whats next
Patience, Emotion Control and Discipline.
  • #180,327
  • Sep 12, 2023 3:18am Sep 12, 2023 3:18am
Quoting Ata-Turkoglu
{quote} I am confused: you are confirming short after 8 weeks of consecutive W1 bearish candles? Don't you think your confirmation is a little bit delayed? Just saying... Imho, the weekly short was confirmed 4 weeks ago... BUT now we (the bulls) are expecting a significant correction before we go lower. Corrective targets are sitting around 1.0925... Time will tell.. {image}
Yeah, Weekly only confirmed Short now, this Week. Daily, however did confirm Short at the begining of this drop.
  • #180,328
  • Sep 12, 2023 3:23am Sep 12, 2023 3:23am
Quoting Js3mwtRc
{quote} Most of the traders here are scalpers and trade smaller ranges but if I see longer term then it can go lower to 1.0200 after it take the bulls out at around 1.0610 but first we need to get there and not break 1.1275 a level to rethink all this and decide.
That's fine. I'm talking about long term target that is probable based on my system.
  • #180,329
  • Sep 12, 2023 3:26am Sep 12, 2023 3:26am
Quoting Mitiblotch
I just bought 1.0717. SL 1.0617. TP 200 pips. I really do not have a basis for this trade other than that I want to give bulls a chance. So do not follow. This is not one of those trades I am sure about. {image}
That's a bull!
Looking for profitable short term trades ...|
  • #180,330
  • Sep 12, 2023 3:27am Sep 12, 2023 3:27am
Quoting broketrader
Still holding my shorts entered at 1.0877 and 1.0799 Seems it's building a base right now to revert but I'm still not convinced about it, PA is slow and weak. Maybe it still retrace during tomorrow before a new low on Friday ? {image}
I think that the retracement I was expecting for Friday Just ended today.
My bias (H4) remains bearish until further notice with all my shorts still in place, if confirmed, the news today and tomorrow will maybe produce spikes, bull traps, before the bear trend resumes.
GLTA.
Simplicity is the Ultimate Sophistication.
  • #180,331
  • Sep 12, 2023 3:31am Sep 12, 2023 3:31am
If bulls can protect the edge of the ellipse, a major bullish correction should follow soon! Patience!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #180,332
  • Sep 12, 2023 3:33am Sep 12, 2023 3:33am
Quoting Ata-Turkoglu
Quick Weekly Outlook Never underestimate the effect of elliptic rims.. Magnetic, but also very supportive so far... 1.0840 is my nearest resistance here.. Main support sits around 1.0658.. {image}
I have admired this whole elliptic rims concept. How can I set it on my mt4 please?
  • #180,333
  • Sep 12, 2023 3:42am Sep 12, 2023 3:42am
Quoting Niily
{quote} Hmmm I missed this move . Anyway marks 1.7215 as important support. h4 closes through it and I will consider a deeper test.
This H4 candle is trying to take 1.07215 as expected. If it fails, we will likely retest the 1.06750 mark before the interest rate news is announced. A close H4 below 1.06750 will confirm all the upward moves are just bull traps.
Keep the faith and keep going
  • #180,334
  • Sep 12, 2023 3:48am Sep 12, 2023 3:48am
Weekly rarely confirms anything. Last time it confirmed something was Long, when EUR/USD was trading at parity.

I'll share the chart.

DXY Resistance at 107.6.
  • #180,335
  • Sep 12, 2023 4:01am Sep 12, 2023 4:01am
Quoting Niily
{quote} This H4 candle is trying to take 1.07215 as expected. If it fails, we will likely retest the 1.06750 mark before the interest rate news is announced. A close H4 below 1.06750 will confirm all the upward moves are just bull traps.
Right now it's best not to join this pair. I will wait for it at 1.06750.
Keep the faith and keep going
  • #180,336
  • Sep 12, 2023 4:15am Sep 12, 2023 4:15am
Quoting TheWraith
Weekly rarely confirms anything. Last time it confirmed something was Long, when EUR/USD was trading at parity. I'll share the chart. DXY Resistance at 107.6.
I strongly disagree... EVERY timeframe has its own trends and corresponding confirmations... The rules that apply on M1 are same with the rules on H1, D1 or any other timeframe but frequency can vary.. therefore the confirmations on weekly can take longer (duh!). And just like the anomaly of water expanding between 4 and 0 degrees celcius instead of contracting, charts can have their own anomalies as well, BUT the overall flow should always remain similar.

*The issue in your system is the delay.. because your weekly confirmations are so delayed you believe they happen rarely. Fix the delaying part and you will earn more.

Best wishes
Focus only on what truly matters!
  • #180,337
  • Sep 12, 2023 5:25am Sep 12, 2023 5:25am
EUR/USD Weekly Chart

Monthly S - 1.048
Attached Image (click to enlarge)
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  • #180,338
  • Sep 12, 2023 5:46am Sep 12, 2023 5:46am
Quoting Js3mwtRc
EU bounced at Asia but quickly reversed from 1.0765/72 zone, I expect ranging conditions above yesterday's opening gap. Daily volatility (range) - 48 pips 1 hour {image} Green pips
A deeper retrace is coming? It only stays to find that out.

1 hour
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Looking for profitable short term trades ...|
  • #180,339
  • Sep 12, 2023 5:52am Sep 12, 2023 5:52am
Good morning, hope you are great. The bears might be trying now, I think, on 5M;
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  • #180,340
  • Sep 12, 2023 5:57am Sep 12, 2023 5:57am
Hello friends,
Here is my map in spaghetti format... When I tap the Standard Deviation Channel I reload... I have the last purchase limit at 1.07107 waiting.
I apologize for the mistakes, these days I'm on the road and the messages and graphics only come from my cell phone. Happy week everyone!
Attached Image (click to enlarge)
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"No pain no gain"
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