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EURUSD only

  • #187,541
  • Jan 31, 2024 1:11am Jan 31, 2024 1:11am
First signs of thrust, it is going to be a long day for bears.
We watch the charts from every angle so you don't have to!!
  • #187,542
  • Jan 31, 2024 1:12am Jan 31, 2024 1:12am
start wave formation updated (with 78.6% correction)
still awaiting for .0885 reaction
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  • #187,543
  • Jan 31, 2024 1:22am Jan 31, 2024 1:22am
Keep selling spikes and highs... don't get distracted by noise...
Focus only on what truly matters!
  • #187,544
  • Jan 31, 2024 1:27am Jan 31, 2024 1:27am
Quoting pedro319
First signs of thrust, it is going to be a long day for bears.
Trend is down but direction is up.
Direction overrules trend, it's a basic law of financial markets.
We watch the charts from every angle so you don't have to!!
  • #187,545
  • Jan 31, 2024 1:40am Jan 31, 2024 1:40am
Meanwhile, on H1...

I am marking 1.08345 area as nearest resistance... Keep selling as long as candles open below it... Rinse and repeat..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #187,546
  • Jan 31, 2024 1:46am Jan 31, 2024 1:46am
Quoting kourosh1347
{image}
Hey man love your posts and like the way you trade anyway you can pm me i got a few questions
  • #187,547
  • Jan 31, 2024 1:49am Jan 31, 2024 1:49am
Quoting TheAncient
{quote} The price has closed below the trendline on D1 chart suggesting we could very well see lower prices ahead. Support @ ~1.08200 did react rather strongly however pushing the price all the way up above 1.09000. Mixed signals if you ask me... not 100% sure still. Now, the price has come all the way to prior support (now resistance) @ 1.09000. This could very well be a classic break, retest and then stronger move down towards 1.07500. We have ECB and Fed very soon, so I'd expect greater volatility from now on and am expecting the price to finally...
Finally, a day has come...
Once the Fed is out of the picture, then the price can breathe again.

Long @ 1.08185
SL @ 1.07700

Price almost hit the SL @ 1.07900, but missed by a few pips. Although, I've moved the SL now to 1.07700 which is the same SL as for the buy at 1.08185.

Pending buy orders are at 1.07785 and 1.07500. SL for both is at 1.07000.

As said, below 1.07000 I have no intention of buying anymore, rather selling.

Sounds funny when you hear someone say that he will buy at 1.08000, but not at 1.06000. However, this is that buying "the dip" mentality that costs people almost all of their money. One should never put fear or greed above the one's analysis, because it never ends well.
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  • #187,548
  • Jan 31, 2024 1:57am Jan 31, 2024 1:57am
Quoting Ata-Turkoglu
Meanwhile, on H1... I am marking 1.08345 area as nearest resistance... Keep selling as long as candles open below it... Rinse and repeat.. {image}
At this point i just want to say thank you for your guidance Ata, i really do appreciate you and your work!
  • #187,549
  • Jan 31, 2024 1:57am Jan 31, 2024 1:57am
Today marks the end of the month and it's also FOMC, so as such we should expect unusual volatility as the bank would like to balance their books for the month.

Technical view
1. We took out the lows of yesterday, thereby giving bears upper hand.
2. Yesterday closed bullish as anticipated but we couldn't reach 1.09016(bear power)
3. We are currently trading a ranging pattern I.e bull bear, bull bear on daily and as such it's the turn for bears.
4. My daily and 4hr bias still screams sell so I have a sell limit @ 1.08514 if we get there
Risk comes from not knowing what to do
  • #187,550
  • Jan 31, 2024 3:04am Jan 31, 2024 3:04am
A bearish month can follow another one bearish month for eu, today is the last day and guess what! Powell may even bring the price towards the previous months edges, so choose wiselly what to do before the meeting, because the chances are getting bigger for a break out!
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Looking for profitable short term trades ...|
  • #187,551
  • Edited 3:42am Jan 31, 2024 3:23am | Edited 3:42am
Quoting pedro319
{quote} Trend is down but direction is up. Direction overrules trend, it's a basic law of financial markets.
...overrules bearish candles, channels, trendlines, the lot!!
We watch the charts from every angle so you don't have to!!
  • #187,552
  • Jan 31, 2024 3:48am Jan 31, 2024 3:48am
Let's see if the bulls are willing to break...
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"No pain no gain"
  • #187,553
  • Jan 31, 2024 3:57am Jan 31, 2024 3:57am
Quoting JBRolim
Let's see if the bulls are willing to break... {image}
Did you add more purchases?
We watch the charts from every angle so you don't have to!!
  • #187,554
  • Jan 31, 2024 4:06am Jan 31, 2024 4:06am
Quoting pedro319
{quote} Did you add more purchases?
They accepted my SL there at the STP appointment...
https://www.forexfactory.com/thread/...1#post14737371
I started buying again from the next post, I just left shopping...
I'll wait for something, refining other entries...
"No pain no gain"
  • #187,555
  • Jan 31, 2024 4:08am Jan 31, 2024 4:08am
Short
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Holy Betting Grail strategy
  • #187,556
  • Jan 31, 2024 4:12am Jan 31, 2024 4:12am
Quoting JBRolim
{quote} They accepted my SL there at the STP appointment... https://www.forexfactory.com/thread/...1#post14737371 I started buying again from the next post, I just left shopping... I'll wait for something, refining other entries...
Test of the highs and confluence not done yet!!
We watch the charts from every angle so you don't have to!!
  • #187,557
  • Jan 31, 2024 4:15am Jan 31, 2024 4:15am
Sell sell and sell..
Focus only on what truly matters!
  • #187,558
  • Jan 31, 2024 4:16am Jan 31, 2024 4:16am
Quoting pedro319
{quote} Test of the highs and confluence not done yet!!
Yes, waiting for the breakout to return as the bulls have pierced the three resistances, if it breaks again I will open a purchase... let's see what happens...
"No pain no gain"
  • #187,559
  • Jan 31, 2024 4:39am Jan 31, 2024 4:39am
Pending Long 0809 and 0813, until Fed rate
Holy Betting Grail strategy
  • #187,560
  • Jan 31, 2024 5:02am Jan 31, 2024 5:02am
Try a purchase here at 1.08365
"No pain no gain"
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