marttrader
Short

#EURUSD looks really nice for a short above 1.1416

FX:EURUSD   Euro / U.S. Dollar
I really like this pattern, looks like an impulse that needs to be completed. I may take a starting position now to be sure to not miss the impulse. A textbook play, I may be wrong but it looks nice!

CHART COLORS:
GREEN = WEEKLY & GREATER ---- BLUE = DAILY ---- PINK = H4 ---- PURPLE = H1
CHART LINES AND ARROWS: SOLID = PAST MOVE ---- DOTTED = ANTICIPATED MOVE
MY TRADING STYLE
I took a lot of time learning Elliot waves and it changed the way I look at charts. It’s much clearer when you know where the market is potentially going. I don’t believe in moving averages theories, candle pattern or other “magic” indicators. I only need one to see divergences. If you trade the “patterns” like “head and shoulder”, “double bottom” or everything else, it’s OK with me because most of the time it fits in the waves count.
The hard part is to catch the strong moves, it’s easy to get lost in consolidation. My way to do is to analyse many timeframes, in a daily consolidation we can catch strong moves in H4 or H1. Same in weekly consolidation, strong move in D1.
NOTE
I do not give advice to buy or sell. I just want to document my journey and interact with other traders. All the levels mentioned are approximative, it can be higher or lower. I am often wrong but I try as hard as I can to cut the losses quickly.
You can reach me on social media, the one with the bird, I am marttrader!
Jan 03
Comment: I missed the perfect entry! I will wait overnight to see where it goes to find an entry.
Jan 03
Comment: Possible behaviour for tonight.
Jan 03
Comment: A consolidation is often longer then we think, and would like!
Jan 07
Trade active: SHORT 1.1459
Jan 07
Trade closed manually: Close for a small loss

Comments

marttrader Alibanihashemi
@Alibanihashemi, I do really agree with you! :)
+1 Reply
Alibanihashemi marttrader
@marttrader, tnx ;)
Reply
marttrader Alibanihashemi
@Alibanihashemi, Back to entry point, are you still in?
+1 Reply
Alibanihashemi marttrader
@marttrader, Yes, I think the analysis is permanent.
Reply
Alibanihashemi marttrader
@marttrader, comes down
Reply
marttrader Alibanihashemi
@Alibanihashemi, I still believe in the analysis but for now I see one more up to the last high before to go. We will see at the open.
+1 Reply
Alibanihashemi marttrader
@marttrader, yes I agree.I also believe it comes down
Reply
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