EURUSD only

M15 Outlook and Monday Plan

1. From here on forwards, we first must see the opening price. If there is a gap or not etc... etc...
2. IF market opens where it closed, it would be wise to wait for correction first.
3. Any correction is likely to target 1.1790/1.1800 area... That's where I will look for selling opportunities..
4. For scalpers there could be extra selling spots around ~1.1770... I personally will skip that..
   I need solid signs that bulls are done before I start selling again!
5. If I had checked my D1 chart when this move started, I could warn you not to get tricked by the strong bullish move but I completely forgot and I kept looking to buy dips, which caused me a loss of -15 pips. That's why it is very important to be aware of crucial areas on D1 whenever trading smaller timeframes. Duly noted and I will be more careful next time.
6. Long story short: Next week will probably continue with spikes and pullbacks that we will try to sell until we reach 1.1666 area...

That's all for now... Keep enjoying your weekends

Thanks alot.... learning from you

I don't "think" a fib. level caused the drop..

I "know" exactly that this "somebody" you are referring to, simply sold right at that fib. zone on D1... If I had checked my D1 chart in time on that day I would be a seller too.. without hesitation! But past tense now... and we move on...

Cheers

Don't tire me please... Share whatever you like but stop referring to my posts... It annoys me when members target my posts.. Mind your own business and all good... If you disagree with what I share here then go posts somewhere else.. I am too old for this kind of nonsense critic and that "I know better" attitude ... So don't test my patience..

Exclusive Explanation for those who are curious why I see some critic as nonsense...

1. Person says: If you mark a large range of course it can work. Gosh! I AM NOT TRADING THE RANGE ON D1
   The D1 range only serves to get ready for signals. It is 10% of the story. The real work will begin on the smaller timeframe. It is not about automatically placing an order on D1 for crying out loud.
2. Now... Please look at the charts I shared. We defined the range on D1... what do we do next? According to the Person, we sell like a dumbass. No! No! Noooo!
3. I step down to H1 or M15... There we must work with detail now. Because we want a more targeted, filtered entry point. And we want to be sure. So we must narrow down the large zone.
4. The first task is ALWAYS to find the mid point of any range or zone. I have 1.1825... Now:
5. Point 1 on M15: That candle is still too strong. Nobody begins to sell with that kind of momentum. I wait.
6. Point 2 on M15: Another bull candle. No reason to close long orders. Just trail stop to below point 3 level: 1.1824-ish. Here I am tightening my stops more quicker than usual. Why? Because D1 fib zone hinted that we are inside potential reversal zone.
7. Point 3 on M15: Now I simply wait to get stopped out. maybe bulls will continue higher. Nobody knows yet. Don't ruin a potential bull rally. Don't close longs manually. Trail stops and just wait and see.
8. Point 4 on M15: My order gets stopped out. We are still above mid point of range but now it doesn't matter because we have new info: One candle actually closed below mid zone earlier. At that point we are now looking for spikes up to sell high. Is it risky? Yes! but we have more control and we know where the bottleneck sits and that something is cooking. So I am risking a sell there. (which I did not because I didn't notice that we were in D1 sell zone. But that's what I would do. I would close long orders and immediately sell at spike to 1.1826.. 27.. 28... whatever I could get in.. )
9. So then I would be short. Now I did not do that. Instead, I even opened a long order and it caused a -15 pips loss. But as soon as the normal M15 sell signal came I quickly accepted loss and switched to selling. So without knowing what's going on at the D1 chart, 1800 area was the first sell signal that M15 gave me. Very delayed. Anyway, I quickly adapted and while some were still chasing longs I now tried to sell around 1.1800... You can check all previous posts I shared right at those minutes. It all happened before our eyes. That way maybe delayed, but I got back what I had lost and even more until market close.

Moral of the story: Most members who target me are blindfolded. They don't know what goes on exactly behind scenes and why I say the things that I say. Then they begin "assuming" with their limited knowledge. Labelling my system with false interpretations and false accusations. Then they start that nonsense critic. Then I get annoyed and as a result it doesn't end well.. Not for me, but for them.

But dear folks, now I hope you know what I am often dealing with. I hope this brief example gives you an idea next time before attacking me. I honestly get tired. Even sharing this long-ass explanation tired me. So please stop tiring me.

Thanks in advance!

Stop gaslighting and simply focus on your own work. Next time there won't be any comments from me.

Focus on EURUSD... not on me!

Thanks in advance...

Hi. To support Ata’s bearish view I suggest you all watch this YouTube video. The majority of HIGH TIMEFRAME SMC traders are now bearish on EU. or are at least waiting for the 1h bearish BOS from this level.

there was a daily bearish BOS on march 13th. The area we tapped into on Friday represents the first time we have tested the discount of the range.

like I said watch the video. Enjoy your weekend.

I think the point is it's ok to have confidence in your own trading plan, just don't turn that confidence in to trying to tell someone how to trade theirs. Just Friday me and Ata posted opposing calls within minutes of each other. That time he was right. I was simply the counterparty to his trade. Other times I might get it right. But I don't expect to hear from Ata how my plan is wrong, and he doesn't expect to hear from me speaking the same. Hope you bought a nice lunch or something with my money Ata, next time it's on you

[quote=Ata-Turkoglu;15664973]Exclusive Explanation for those who are curious why I see some critic as nonsense...

Wow, great lesson! Thank you Ata, for taking time from your weekend for such a great breakdown, and for your other posts giving us trading guidance for the week ahead! Great lessons--I learn a lot following your thread!

Very much appreciated!

Ron

FFS SMC

SMC/ict is probably the biggest junk out there. These FURUS PRETEND TO BE GURUS. Please dont fall for them

the moment h4 closed below the yellow marker/yellow line. I was looking for a retest for 1.181 area. The retest can either undershoot(lower high) or overshoot(higher high). Here it was a higher high. For next week targets, white line 1.171 area which was previous resistance and 1.165/6 previous support. Keep it simple

Area of interest/poi. call it whatever you like. I am a bit old school, I call it support turned resistance and vice versa

Expect a gap to the downside of about 30 pips wide

prce gonna drop massively

Euro/usd's cousin chart for reference. Look at the similarities and precision of computers that constitute most of the volume. I will share two charts for the sole purpose of benefiting Eur/usd traders. D1:

Lines are approximations, do not trade solely on them. Instead watch for reactions on smaller timeframes h1/30m is usually good. Then take action. Thats all . Good luck everyone

that one gave about 70+ pips so far.