aceofswords
Short

Time to Short EUR/AUD at touch Of Trend line

FX:EURAUD   Euro Fx/Australian Dollar
303 23 6
Time to Short at touch Of Trend line : Easter Gift target = 50% retracement level at 1.40185....This is also the level at which
55 & 60Ma's converge
thats not a valid butterfly :D
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That's because its a crab lol ;0)

ALL chart patterns, candles and harmonics are invalid, until they are not ;0)

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FeelsFX aceofswords
since when the 1.27XA is a crab ?
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Well it could stop here, but there's absolutely no evidence so far that it will apart from a possible sideways resistance. I'm not saying you're wrong, i'm just saying theres no actual real indications from this level thus far.
+1 Reply
IvanLabrie PRO Tom_Killick
I think it will fall too. You can wait for a move under the low, but I'm relatively sure we've reached the top here based on my methodology.
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You can think what you please. I am not saying this is incorrect. I am just saying, there is nothing on that chart apart from a line SUGGESTING that price will fall off this level.

I was simply stating it'd be better to post the idea nearer the time where the idea is tradable so it's easier for viewers.
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Tom_Killick PRO Tom_Killick
By the way please note, the line was totally violated.
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IvanLabrie PRO Tom_Killick
Trendlines are completely subjective in the worst possible way...

snapshot


My target was more modest, it was exceeded, and time expired for this move up. Daily chart target was reached, if you review my own charts you'll see what I mean. Expect a reversal if this candle closes like that and we move under its low.
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Me, being in the institutional trading world, like to stick to one raw philosophy, and that, don't trade, or even THINK about trading any instrument until you see a PHYSICAL reversal in the form of the physical PRICE. No signal=No reversal at that level, and when this idea was published there was a line, and a strong green marabozu. And that's fact.

Again, I am not claiming to know the future price. It does, however concern me, that if a trader saw that idea hit the line, they would immediately short, ASSUMING price would ricochet off of that level and go down, but no. They'd have taken a loss.
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IvanLabrie PRO Tom_Killick
How can I predict turns then?

GBPAUD: Doves vs Hawks pt.2


USDSGD: The top could be in, or close


GBPNZD: Interesting contrarian trade


This last hourly bar is a small range bar, probably closing on the lows. The trendline violation you speak of, might just be a stop run, a deformation of price coming from our good friends over at FXCM...
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You are failing to see my point. I'll begin by saying I am not trying to argue or debate current price, predicted price, or future price. I am purely focussing on the idea I originally commented on. I will not view your charts, as I don't agree with piggy-backing.

I am looking at the original idea only. Where, the idea said SHORT AT THE TRENDLINE. WHICH would have RESULTED in a loss. BECAUSE there was no REVERSAL off these levels.

A novice trader may have shorted at a trendline touch, as that is what the original idea instructed. And the novice trader would have taken a loss using this idea.

I'm not sure why you keep trying to preach to me the future indicative trend, when I have stated several times, I don't claim to know, or even slightly know when price will reverse. I just worry for the traders of trading view who are novice, following ideas like this which aren't complete in substance.
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Tom_Killick PRO Tom_Killick
Please note: I will not be replying to further comments, either.

Good luck with your trading,
Tom
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IvanLabrie PRO Tom_Killick
That's disrespectful...
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IvanLabrie PRO Tom_Killick
Piggy-backing...funny term. What do I win with people looking at my ideas?

As for the idea, why would it be a loss?
Are they stopped already?
It's up to each trader to figure that part out.

The novice trader is prey to the institutions, and their own greed and lack of discipline or experience.

If people approach trading like a game or gambling at a casino, then they are to blame ultimately.
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aceofswords IvanLabrie
No offence guys, but im just generously sharing my view. If you dont agree with it I dont understand why you would waste your 'valuable' time arguing against it. If you spent as much time on every idea or view that ran counter to yours, you would surely be complaining for most of your life lololol my point is that i may be right and i maybe wrong but it is the view I share...... With respect i appreciate your views, but if you agree join the trade and if you do not, keep your powder dry. ME, isee the rise beyond the trend line as an opportunity to add to my trade and have done so. at 143423 hehehe.... Congrats on being in the institutional trading world, but i personally dont trust you guys further than I can spit [again, no offence, but we are different breeds, cut from different cloth, so mentioning this doesnt prove anything, ie just because you are an institutional trader doesn;t make you fight every time but all that aside i wish you all a very happy easter......... write something nice to someone you love or loves you and enjoy life while you have it, getting upset over someone elses shapes and pencil lines really isnt worth it ;0)
+2 Reply
aceofswords aceofswords
right*
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dhenal_r aceofswords
I thought the samething will happen around the trendline. didnt work. I think it will go up 1.4440. fib 61.8















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IvanLabrie PRO aceofswords
Good reply mate...I still agree with your idea ;)
Happy easter to you too.
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tcas aceofswords
Perfect perfect reply!!!
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dhenal_r aceofswords
Good one
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aceofswords dhenal_r
Thanks Buddy ;0)
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dhenal_r aceofswords
snapshot


do you think EA will go long from this point?
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