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  • #1,094,221
  • Mar 3, 2017 4:54am Mar 3, 2017 4:54am
Quoting jusstin911
{quote} blew it up as i thought .. next short @ 1.056 50% of the bearish move from end of feb... that's my pivot as well...
Do you really think Yellen will say today that the hike soon is risky ?
We cannot sell if someone is not buying
Member
  • #1,094,222
  • Mar 3, 2017 4:54am Mar 3, 2017 4:54am
Quoting TudorIoan
{quote} I prefer to name it the whipsaw sequence. And E/U start to behave like it every day now We got a choppy London start almost every day lately ...why? because RBs knows very well that the whipsaw series are destroying the scalpers positions using series of fake break outs
Once you spot it it's more easy to trade take reversals on rejection of line or wait for breakout of funnel
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  • #1,094,223
  • Mar 3, 2017 4:58am Mar 3, 2017 4:58am
Quoting tehnobyte
{quote} Once you spot it it's more easy to trade take reversals on rejection of line or wait for breakout of funnel
You can make huge money on trends, on ranges, on flags, on triangles, on whipsaws, on H&Ss, morning/evening stars, Fibos....................

Only one problem with all that: what's gonna be next? a pattern confirmation, or a pattern break?
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  • #1,094,224
  • Mar 3, 2017 5:04am Mar 3, 2017 5:04am
Ok, at 1.0547 E/U will make a 180 degreeds full turn to 1.0519
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  • #1,094,225
  • Mar 3, 2017 5:10am Mar 3, 2017 5:10am
Quoting jusstin911
{quote} how do u prefare your 1.056? with bikini? bump short?
I don't care as long as the damn thing turns short @1.056(35)
In the morning I said @1.05410 is a possible short entry for the very brave. That's where we are right now, and I am NOT taking it.
1.05635 is my magic number.
you are not expected to understand this
  • #1,094,226
  • Mar 3, 2017 5:19am Mar 3, 2017 5:19am
Short @1.0540

[email protected]

Will keep adding shorts up until 1.0591 - previously mentioned 1.0562 may not be reached.
  • #1,094,227
  • Mar 3, 2017 5:26am Mar 3, 2017 5:26am
Quoting Connors
Short @1.0540 [email protected] Will keep adding shorts up until 1.0591 - previously mentioned 1.0562 may not be reached.
Was about to type that i changed my tp of my long to 1.0551 lol EJ has 30 pips to go but this area should be picked up 10 pips from E and 20 pips from J getting lower to reach the tp on UJ too anyways stop moved to 1.0528 i'll only short above 1.0562 don't feel confortable shorting so close to 1.0520-1.0515
  • #1,094,228
  • Mar 3, 2017 5:28am Mar 3, 2017 5:28am
It is not time for short jet.
Attached Image (click to enlarge)
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  • #1,094,229
  • Mar 3, 2017 5:32am Mar 3, 2017 5:32am
Quoting tehnobyte
It is not time for short jet. {image}
Yes h4 reversal has taken all negative bars, wait for leg to complete. short maybe around 1.05600-700 sl 1.05900 for target down 1.04700
For the jinns time is not like a river but like an ocean!
  • #1,094,230
  • Mar 3, 2017 5:33am Mar 3, 2017 5:33am
Quoting Connors
Short @1.0540 [email protected] Will keep adding shorts up until 1.0591 - previously mentioned 1.0562 may not be reached.
Thanks for letting me know your SL
Why sell the bottoms when you can buy the tops...
  • #1,094,231
  • Mar 3, 2017 5:35am Mar 3, 2017 5:35am
Slightly tweaked , from the other day .
This is what is unfolding IMO
Watch 1.0570 for reaction
Attached Image(s) (click to enlarge)
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  • #1,094,232
  • Mar 3, 2017 5:39am Mar 3, 2017 5:39am
Quoting kuroro001
This type of its-all-for-the-bears-move is the sign bulls will kick in hard
Waiting for way higher...
COT: The precious data ignored
  • #1,094,233
  • Mar 3, 2017 5:40am Mar 3, 2017 5:40am
Quoting Windstrown
{quote} Was about to type that i changed my tp of my long to 1.0551 lol EJ has 30 pips to go but this area should be picked up 10 pips from E and 20 pips from J getting lower to reach the tp on UJ too anyways stop moved to 1.0528 i'll only short above 1.0562 don't feel confortable shorting so close to 1.0520-1.0515
It is very difficult to catch all mini moves for me, and the fact that I closed my short last night @1.0506 helped me to take the short trade here @1.0540.

Needless to say, overall the situation is extremely bearish. I am willing to take the risk 70 pips for a target say 1.0434 today. It can go even deeper, dont want to scare anyone but once/if 1.0480 is broken, the technical situation will become so bearish we will all be looking for a short at any given price.

What is the meaning of 1.0480? It is again 71.4% for the recovery from Jan3rd 1.0340 to Feb 2nd 8 week high @1.0829.

I know many are looking for early signs of a reversal yet there is none. I have my ass handed over to me dozens of times while trading on the contrarian side and insisting on it.

There is nothing bullish on the chart yet and I wont be even considering a long scalp other than closer to 1.0480 or 1.0430.

If I am wrong, stop is there @1.0610.

Good luck everyone.
  • #1,094,234
  • Mar 3, 2017 5:43am Mar 3, 2017 5:43am
Quoting JustAndy
{quote} Thanks for letting me know your SL
Lol I know your sl too this time.
Check my previous post please. Dont get married to them for too long, I am begging you sweet talker you.
  • #1,094,235
  • Mar 3, 2017 5:49am Mar 3, 2017 5:49am
My prediction from last night and what actually happens afterwards.. not bad huh? Lol

As long as price continues to stay above red supportive trendlines on hourly chart no shorting for me..

I want to see a break below any of them starting from the highest trendline first of course.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-03-March-2017-H1-Comparison.jpg Size: 268 KB
Focus only on what truly matters!
  • #1,094,236
  • Mar 3, 2017 5:52am Mar 3, 2017 5:52am
Quoting TudorIoan
Ok, at 1.0547 E/U will make a 180 degreeds full turn to 1.0519
change. short 1.0546 -> 1.0524
Member
  • #1,094,237
  • Mar 3, 2017 5:55am Mar 3, 2017 5:55am
Quoting Ata-Turkoglu
My prediction from last night and what actually happens afterwards.. not bad huh? Lol As long as price continues to stay above red supportive trendlines on hourly chart no shorting for me.. I want to see a break below any of them starting from the highest trendline first of course. Stay Green {image}

Even we have different expectations for today, I appreciate your professional approach and posts very much Ata. Thank you.

By the way, Ataturk: Are you Turkish or a fan of him? I read his "The Great Speech" a couple of years ago. No doubt, one of the greatest leaders maybe the best of 20th century.
  • #1,094,238
  • Mar 3, 2017 5:56am Mar 3, 2017 5:56am
If it can break and stay above 1.054 during the next few hours, then that is VERY bullish. If it falls, it should do it from these levels and REALLY soon.

I'm hoping for the bullish spike. Also looks like 1.053 on the daily should be bullish support but who knows?
  • #1,094,239
  • Mar 3, 2017 5:57am Mar 3, 2017 5:57am
Hourly green close can bring another leg up.
  • #1,094,240
  • Mar 3, 2017 5:58am Mar 3, 2017 5:58am
Quoting skillz16
If it can break and stay above 1.054 during the next few hours, then that is VERY bullish. If it falls, it should do it from these levels and REALLY soon. I'm hoping for the bullish spike. Also looks like 1.053 on the daily should be bullish support but who knows?

Man my cat says that your cat is totally wrong. we are going down ,........
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