Timing is key
Short

Looking for a Pullback on the EU

FX:EURUSD   Euro Fx/U.S. Dollar
694 31 5
Hello all,

We have the EU and the pound correlating at a potential P5 pivot. As the potential top came in a little early and hit the Upper MLH I am going for an ambitious short with a tight stop on the EU at around 129220 . Lets see what how this unfolds.

Note: If entry price does not activate and price moves sideways past the red downward sloping reaction line, I will have to cancel trade and wait for another entry.
Timing is key
2 years ago
Moved my entry stop to 129190
Reply
CammoZabisyu Timing is key
2 years ago
I'm looking to go short at 1.2939.. so interesting are you already in?
Reply
CammoZabisyu
2 years ago
Are you already short?
Reply
Timing is key CammoZabisyu
2 years ago
Yes, was in on a pullback to the high, also moved my stop to B/E. Needs to to break 129050 convincingly in the next bar or two:)
Reply
CammoZabisyu Timing is key
2 years ago
You have the same TP as I have... I see you are pro one! Can you hit me a message to cammo.zabisyu@gmail.com I will send you a screenshot of my setup. I think maybe you saw something like this somewhere! We could be great trading team! :)
Reply
CammoZabisyu Timing is key
2 years ago
I have a clear confirmation of SHORT now.. I see what you mean with 29050.. so do you recomend to open another short after this one? I think I will open it after 29050 will be clearly broked! I have two SHORTS now! I will go to 3rd one with the same TP you have! Your thoughts! :)
Reply
Timing is key CammoZabisyu
2 years ago
I do not recommend trades, I show my ideas for entry, I have not added to my position as it has broken lines to the upside and will probably fail.
Reply
Timing is key Timing is key
2 years ago
As it already B/E for me it does not matter
Reply
CammoZabisyu Timing is key
2 years ago
I'm in with 3 shorts with the TP 1.2810 and it will go there anyway! :)
Reply
Timing is key CammoZabisyu
2 years ago
I wish you good fortune on this trade, so far I am still in, forming a nice mini pennant formation needs to break soon:)
Reply
CammoZabisyu Timing is key
2 years ago
Yea but I see untill tomorrow it will not reach the TP.. so I think will have to leave trades opened in weekends.. But anyways anything can happen.. :) Please hit me a message buddy, so I could show you my setup.. :) Thanks!
Reply
CammoZabisyu CammoZabisyu
2 years ago
hehee.. going down! ;)
Reply
Timing is key
2 years ago
Beautiful triple top formation, As the market comes off & because of the sideways run my revised profit target will be along the upward sloping RED reaction line on the bottom right of the chart, What normally happens is the market will stall along the line ( around 128300 ) and either reverse or close beyond it in which case it will go down approx another 60 pips:)

For those who use forks: If you focus on the upward white pitchfork, This fork was drawn after P4 confirmed notice how shallow ( the pitch ) of the fork is, this is an early indication that if prices begin to respect the parallels ( which they did when it reversed at the upward parallel ) that prices where going to drift up & down SLOWLY within the fork until they left ( See lower parallel as soon they closed on the other side of it, the move down was quite rapid and was an excellent short at that point.

Thanks again,

TIK
Reply
Timing is key Timing is key
2 years ago
There was also another excellent shorting opportunity as soon as the P0-P4 Line was breached ( First pullback up towards the line was your entry point as it left a GAP, this indicates that it will reach the next lower RED reaction line:)

Thanks,

TIK
Reply
CammoZabisyu Timing is key
2 years ago
Nice :)

I opened a 4th sell position at 1.2863 as it was a breakout level.. now with 4 sells heading to TP 2810 :)
Reply
Timing is key CammoZabisyu
2 years ago
Nice move in the end:) good luck with those positions:)
Reply
CammoZabisyu Timing is key
2 years ago
What are your thoughts? We will reach 2810 today? Just a little bit more is needed. Cmoon!
Reply
CammoZabisyu Timing is key
2 years ago
Nice about 128300 didn't expected that. Anyway I closed my positions somehow I don't want to leave them open during he weekend. Anyway I see TP is still valid. Nice trading buddy. I closed my positions with 860Eu profit. Nice for doing nothing. :)

Have a nice weekend buddy, see you monday! ;)
Reply
Timing is key CammoZabisyu
2 years ago
128298 was the low of that run ( Dam was 0.20 of 1 pip out on my forecast:) need to work on my precision. Excellent place to take profits and reset for next week, This run has now closed 4 times on the other side if this line........I'll let you decide what happens next:) will probably gap down and pullback to the line before continuing down and do the same distance down around 60 Pips.......we will have to wait and see.

Sincerely,

TIK
Reply
CammoZabisyu Timing is key
2 years ago
Hello!

What are your thoughts now? 2810 is still valid thats for sure! Once market opens I'll open position. But I see it will go even deeper!

Thanks!
Reply
CammoZabisyu CammoZabisyu
2 years ago
Op no have to analyze! There will be a pullback I hope!
Reply
CammoZabisyu Timing is key
2 years ago
What I see now hopefully there will be a pullback till 128660. Because from 128390 ( 128290 ) start's a buying opportunity TP for it would be 28660.. and from 28660 end of the pullback I would sell wiith TP 2810.. Please what are your thoughts buddy about pullback? :)

Have a nice day!
Reply
Timing is key CammoZabisyu
2 years ago
Could have legs has stalled around 660, or if this breaks up next is 800-840. it is drifting slowly up and sideways towards my 0-3 line a break of these should be a good short to your TP. I will now look for specific opportunities in other pairs as I look for specific chart patterns to initiate low risk trades. Thankyou for your spreadsheet looks interesting, is it something you developed? looks like it calculates based on the most recent High/Low Pivot and calculates Entries & TP's based on fibs.

Sincerely,

TIK

https://www.tradingview.com/e/WQFUS2UT/#
Reply
Timing is key Timing is key
2 years ago
snapshot
Reply
CammoZabisyu Timing is key
2 years ago
Look buddy.. wasn't that great? Just like I said and calculated.. pullback till 128660 and now falling to P 128100.. Nice.

Yes soft is my development and it works only on fibonacci and Pivots.

Buddy where are your trading thoughts with eur/usd.. you could give some day by day.. It gives me confidence!
Reply
Timing is key CammoZabisyu
2 years ago
Nice call on 128660 it rolled over my lines perfectly around that level also and the rest is history as they say. It should reach 128230 at a minimum. It depends on my movements, I normally trade the hourly and use the 15m for my entries, I predicted the drop in the EUR/USD 3 Months/800 pips ago:)

If you look at that chart it has a long way to go:)

Happy Trading
Reply
Timing is key Timing is key
2 years ago
ACTION / REACTION THEORY APPLIED TO EURUSD ( M )
Reply
CammoZabisyu Timing is key
2 years ago
Buddy so you are saying that EUR/USD sentiment is down down and down again. What is the TP you see for the month? How many pips it would fall before starting to climb back? When it will start to go up actually :)
Reply
Timing is key CammoZabisyu
2 years ago
This a long term view, I use this to tell me EURO is about 40% into an extended down move, It may retrace many times before reaching approx. 1.11000 but the safer more powerful moves are going to be shorts in most time frames smaller than the monthly:) The next BIG level to watch for a bounce is around 126900 - 127000 and after that 121500 approx see chart

snapshot
Reply
CammoZabisyu Timing is key
2 years ago
If I look at this chart.. and if your predictions/this chart is right we are to go down till 1.1031 approx.. right?
Reply
Timing is key CammoZabisyu
2 years ago
I see the Euro Hitting a wall between 110500 - 111000, There are many fundamentals that are backing this view. I see equities coming down HARD between 22-24 September ( Autumn Equinox - Gann's Death Zone ), Likely to start with a Global Event ( Watch to see it in the news ). When equities Roll over , I'll give it to OCT 8, what I feel you are seeing now is smart money (US Dollar Strength) moving into retail market safe havens ie. US Dollar, before Retail funds catch wind of it....coupled with an already weaker EURO the next few weeks will be interesting to watch. NZD/USD has had a MASSIVE selloff after a weekly double Top............Good shorting opportunities on most USD cross's.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out