EverythingForex
Short

TRADE: SELL@1.13035 Completed Bat + Shark B Point + Wave Count

FX:EURUSD   Euro Fx/U.S. Dollar
As per my recent post on this pair (see Related Ideas: " EURUSD: Building A Case For A SHORT Entry"), I am now entering SHORT on this pair after prices have completed the Bat pattern and displaying bearish price action. The upper trend line of the triangle pattern is not reached but is also not far away. Stop will go above that upper trend line giving this trade room to work keeping in mind my alternate wave count in case the patterns fail:
UPDATE: EURUSD: Building A Case For A SHORT Entry

This is my 3rd trade on this pair trying to catch that wave (4) ending and the start of the wave (5) down. So maybe third time's the charm? Let's see if I got it right this time!

Good luck!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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Mr.Pip
a year ago
EURUSD Potential SHORT #9
+1 Reply
I am also short on this one and I think it's really worth a shot!
Same thoughts on the pattern+It's always interesting to see your in depth explanations.Keep it up man!
Good luck!
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EverythingForex PRO Don_Corleone
a year ago
Thanks, Don! Let's make some pips! GL!
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PriyanthaLakmal Don_Corleone
a year ago
hi..can u give me a forex signal
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EverythingForex PRO PriyanthaLakmal
a year ago
Sorry, I don't know what you are asking me for? A "forex signal"???
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PriyanthaLakmal EverythingForex
a year ago
dera..i ask you..can u give me a daily eur/usd signal..i mean signal=sell or buy..sorry my poor english..im sri lankan people and..beginner to forex trading..
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PriyanthaLakmal PriyanthaLakmal
a year ago
dear..i ask you..can u give me a daily eur/usd signal..i mean signal=sell or buy..sorry my poor english..im sri lankan people and..beginner to forex trading
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EverythingForex PRO PriyanthaLakmal
a year ago
Sorry, I do not give sell or buy signals. I am not posting here as a signal service. I post here to help traders if they need help with their trading as a way for me to give back. When I post my trades, I am doing only that...posting my trades. It is not a signal to sell or buy but if anyone wants to follow my trade and do what I am doing, that's up to each person to do. Thanks. If you have questions about trading technique or how I trade or need some advice on trading, then I am willing to help. Just need to PM to me.
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PriyanthaLakmal EverythingForex
a year ago
thank u sir
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pecantree
a year ago
1380ish is where we have to go before we can leave this leg. No sell off until that is tagged. Not a maybe. 100%
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pecantree pecantree
a year ago
They are head-faking everyone. We have been going through what is called absorption. There will be many series of what looks to be headfakes, but in actuality they are testing little legs as we rise higher in an ascending channel. Any selling should be short lived and considered a buy opportunity.
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pecantree pecantree
a year ago
The true sell-off will occur around 1.1380's. By that time most retail will be looking long... and they can then take market down as there is nothing left to test. Best of Luck traders.
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EverythingForex PRO pecantree
a year ago
Glad you are so confident! You maybe correct. Or not. But I trade what I see. Not what others see. And I trust my eyes. But I will NEVER say that I am 100% confident in any trade because no one can know the future! But good luck to you. Don't bet your house on it though!
+1 Reply
pecantree EverythingForex
a year ago
Just trying to help out. You have good analysis. Best of luck to you as well.
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pecantree EverythingForex
a year ago
If you ever get an opportunity take a look at Wyckoff's Principle called absorption. I think it will compliment much of the harmonic patterns you look at.
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EverythingForex PRO pecantree
a year ago
Yes, I am familiar with absorption. And I do take that into account at times. It is one of the reasons that I have posted an alternate scenario where I do have prices heading up above 1360's and mentioned about the possibility of a "spiking" up towards the upper triangle trend line which is in the 1360's. So what you are saying does make sense to me. But for me, I can tolerate the drawdown if prices go that high. So that is why I am in the trade now. Just in the case that that never happens and price just decline from here. Successful traders are not gamblers. We must always trade with an eye towards being wrong in our analysis and prepare for that and never get too caught up in saying we are 100% right about anything (until AFTER it has happened , of course!). I'm not saying this directly at you, my friend. But for anyone who is reading these comments.

I appreciate your differing point of view though. I welcome any different view because...I'm not always right! Thanks!
+2 Reply
pecantree EverythingForex
a year ago
Understand. I have been looking for 1383 since we tagged 1086 last Thursday. 1086 was the last level in the leg that took us up to 1700s left untested. What I like is how sometimes harmonics will coincide with the levels within the leg. There are also times when they don't. I totally understand what you are saying, and again, I respect your perspective. You have good analysis. 1383 is exactly the level I'm looking for. It is left untested, and they absolutely can not leave this leg until it is tested. The method I use is not taught anywhere, and I am sure I sound silly for saying 100%. Occasionally I will comment on people's posts to help and give encouragement. I wish you the best again. Take care.
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PriyanthaLakmal EverythingForex
a year ago
whatndo u think sir??..eur usd buy or sell trend??..and how to think eur usd buy or sell??..im beginner..my cashier have 150usd sir
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EverythingForex PRO PriyanthaLakmal
a year ago
First, if you are a beginner trader, you should NOT be trading with real money yet. And if you are looking to bet that money on what someone else tells you to do, then be prepared to lose it! No one can say for sure what will happen. And now that I know you are looking to trade just on someone else's advisement, I am even less inclined to say anything because I do not want to be responsible for you to lose your money! So I can't and won't tell you to "buy or sell". I can only tell you what I have already wrote in my posting. Please do not ask me again for any signal. Please read my post AND my DISCLAIMER.

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Don_Corleone PRO PriyanthaLakmal
a year ago
These comments are soo funny to read=)No offence

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pecantree Don_Corleone
a year ago
I think offense has an "s" not a "c" in it.
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EverythingForex PRO Don_Corleone
a year ago
ROTFL, Don. ROTFL.....;-)
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Don_Corleone PRO EverythingForex
a year ago
Damn,you are 100% correct this time.Rofl.
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FIDAGOHAR EverythingForex
a year ago
Is this order still pending or already triggered ?
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FIDAGOHAR EverythingForex
a year ago
i mean
eur/usd sell @ 13033
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EverythingForex PRO FIDAGOHAR
a year ago
If you mean if I am already in this trade, yes. I wrote that in my post that I have entered the trade.
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FIDAGOHAR EverythingForex
a year ago
thanks for the swift reply...
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peterB EverythingForex
a year ago
when you say you are in the trade do you mean short from the position you show in the chart i.e. 11360
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EverythingForex PRO peterB
a year ago
Please see the post title: "TRADE: SELL@1.13035". When I post any of my trades, the post will say at what price I ENTERED the trade. It does not say what I am RECOMMENDING to enter because I am not posting trade RECOMMENDATIONS. I am only posting my own trade. I hope that makes it clear. Thanks.
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peterB EverythingForex
a year ago
I understand thank you most helpfull
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devendemilo EverythingForex
a year ago
Good day sir, what time frame is the chart above? thanks
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Hange
a year ago
EU wave iv might be end? price and time
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peter.kralmail
a year ago
The bearish bat move BC can be either .382 or .886 retracement of move AB. Your Bat has BC move on .618 retracement of move AB.
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EverythingForex PRO peter.kralmail
a year ago
It can be BETWEEN .386 - .886. NOT EITHER .382 or .886.
+2 Reply
peter.kralmail EverythingForex
a year ago
Thank you, now I know more :D
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MILAD-FX-26
a year ago
HELLO MY FRIEND, THANKS FOR IDEAS GOOD YOU
I agree with your previous ideas and new ideas about the EUR/USD And I have the same view.
And into position SELL,but Unfortunately,the now we have price rise, In your opinion, how far price rises
will have?
thank you
EUR USD SHORT POSITION
Reply
I think there is an obvious correlation between the GBPUSD and EURUSD pairs, hence there is a very good chance that price action will rally on both of them instead of the expected fall. At least for the moment, and at least to the 61.8 fib retracement of the last impulse leg, showing very nice on the H4 chart. On the GBPUSD there is obvious sign of further rally, taking into consideration the basic structure analysis and therefore I think that is premature to take this short trade, till further sign of reversal. Take a look at the GBPUSD chart I attached:
GBPUSD long setup
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Koryphaeen PRO Koryphaeen
a year ago
I would take this trade this way, taking into consideration the break above/close above of the price action in comparison to the previous minor structure high: (I will not take it, because I took the GBPUSD trade above and this would mean the same direction and expectation increasing exposure above my risk taking limit). Good luck!
snapshot
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