Ready, SET, Go!

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So technically we had the chance to buy, and aim for the trendline cross. But I really really hate 1 swing breaks. Like that huge red column is just no good. Most of the times these get just filled back, but they break a structure so badly. {image} That uptrend line is pointing up so strong, it is likely to be broken, but these big red falls, usually bring a lower low, which after we can form a proper counter trend. We will see but I think we won't have much action here today. If any one has any other pairs to evaluate feel free to post or ask.

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Quoting Gleam

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Lots of important news Tomorrow...trend lines may not hold... Another good day today.. {image}

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{quote} All the entries looked ok, the trend lines are also fine, but the news pushed the price to be so over sold.. on a bigget time frame I would say we are in a buy zone. But technically it will ba next week.. or so...

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Quoting Gleam

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{quote} "a new @possible@ orange marker". Does this mean that it become real "orange marker" when price will do NEW LOW?: {image}

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{quote} Exactly right, that only validates if the trend makes a new low after that touch, as it can mkae multiple crosses over that trend line, but the orange marker is valid only if the new low as made.

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So technically we had the chance to buy, and aim for the trendline cross. But I really really hate 1 swing breaks. Like that huge red column is just no good. Most of the times these get just filled back, but they break a structure so badly. {image} That uptrend line is pointing up so strong, it is likely to be broken, but these big red falls, usually bring a lower low, which after we can form a proper counter trend. We will see but I think we won't have much action here today. If any one has any other pairs to evaluate feel free to post or ask.

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Quoting MachineLearn

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I think this system has great potential and I like the concept but it's very hard to follow with all the lines on your chart imo. You're also bouncing from idea to idea which makes it even harder to follow. The thread would probably be a bit more popular if your content was more digestible. My suggestion would be to number each line and zone in the picture and then refer to that number when you talk about it. I'd avoid going off on tangents and try to be precise as possible. I'd hate to see this thread die.

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So seems like the morning GAP made the price get to the sell zone. From here we can expect a New low. Fingers crossed! {image}

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Quoting Gleam

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{quote} Morning..In that same boat.. {image}

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So technically we had the chance to buy, and aim for the trendline cross. But I really really hate 1 swing breaks. Like that huge red column is just no good. Most of the times these get just filled back, but they break a structure so badly. {image} That uptrend line is pointing up so strong, it is likely to be broken, but these big red falls, usually bring a lower low, which after we can form a proper counter trend. We will see but I think we won't have much action here today. If any one has any other pairs to evaluate feel free to post or ask.

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Quoting GOR

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{quote} GM, like this thread, didn't you take this trade because of the weekend? made a nice 90 pips, {image}

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{quote} I am happy you made some money! But the drawing is not good, you cannot miss any wicks or your trend liens can not cross at any portion of any candle. Try and redraw, I am happy to review

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Sorry I meant this. {image} Its abit exatuared, but the red line tries to mark that you should place your trend lines as is, on wicks covering all candles below.

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Soon we might get an entry: {image}

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