Hi bbolss Currently expecting it to retrace higher, but we shall see.

Effective 5M intraday trading

EU went down without any clear setups to the downside. Right now according to the 30M TF it looks like we've almost reached the potential reversal zone around 1.2215-1.2200 area. We have Previous week low there, mmline, 261,8 fib extension and also ...

Effective 5M intraday trading

EU watch — We have divergence on EU between ystd's and today's lows. I will wait for the setup to the upside with the target around 1.2300 (38 retracement of ytd's move + 600 EMA + whole number). If price breaks below 1.2250 and canceles out ...

Effective 5M intraday trading

Good morning! EU looks like there is H&S forming to the downside. I will wait for neckline break and retest wich will give me point C of my ABCD scenario. Take a look at pictures. regards, snu.

Effective 5M intraday trading

Yes, I will look for setup on 5M and use 5M stop! Regards, snu

Effective 5M intraday trading

How I see 1H TF — See pic.

Effective 5M intraday trading

My mistake — I got my expected scenario - price retraced to the expected lvl, but there was no setup to the upside: lower MACD was below zero and never came back to the upside, plus trendline was never broken. I entered after an IB @ 1.2335 ...

Effective 5M intraday trading

Setup forming — Picture shows EU setup: 1. Divergence on MACD. 2. MACD > 0. 3. 50 EMA and initial TL broken. 4. Fractal and IB formed. Understand that this is the entry into the right side of neck, so know your target well. Read Serguey's ...

Effective 5M intraday trading

Scenarios — Good morning! I see two scenarios currently developing on EU on 5M. See pic 1 plz. Targets for both are not yet reached, so I expect EU to go higher. This would coincide with the end of development of Right shoulder on 1H TF (pic ...

Effective 5M intraday trading

Well, you never know anything for sure on forex, however its up to you to either follow some strict and predefined set of rules or enter market using some other stuff including one's own prejudices. In my previous post I tried to explain how its ...

Effective 5M intraday trading

GJ, bbolss! Its nice that we see same situations on the market using different analisys. I entered at the same point as you did and had 45 stressful minutes as well, but the right thing to do was to wait for the neckline break and retest. We should ...

Effective 5M intraday trading

1.2305 reached. We have divergence and TLB, setup is forming according to the system. EP/SL as per pic, first target is lower TL.

Effective 5M intraday trading

Target of 1.2286 reached according to ABCD model marked with red lines. Neckline is broken and retested. I put buy limit @ 1.2270 (point C according to bigger ABCD model, marked in green lines on pic) but didn't get filled. Target according to ...

Effective 5M intraday trading

Good morning! Current setup on EU looks like H&S formation TL on RSH is broken, lets see if I get filled on expected retest. Regards, snu.

Effective 5M intraday trading

Eat_My_short, there are several aspects regarding your entry that are worth mentioning. 1. Technically, your entry is absolutely correct. But allways remember that you have to lead your trade. I've marked the bar on the pic which broke 3 EMA's at ...

Effective 5M intraday trading

Pics Updated — First pic showes scenarios in blue and red lines. Second pic shows TLs, if upper is broken and retested - I'm long. If lower is broken and retested - I'm short. Snu.

Effective 5M intraday trading

Scenarios — Good morning, traders! Pic.1 shows possible scenarios. Looks like one of them worked itself out so I expect the retracement to the upside. Pic.2 showes divergence and possible setup forming to the upside. Regards, snu.

Effective 5M intraday trading

EU long — Here's long setup: EP, SL, TP per pic. Regards, snu.

Effective 5M intraday trading

My view — Break of lower TL - Short Break of upper TL - Long (IB + fractal prior to that) But I think its enough for today anyways. Best entries always happen during Frankfurt/London session. US does some weird stuff most of the time. Regards, ...

Effective 5M intraday trading

Hello — Hi. traders! Was busy today so posting only now. Eat_my_shorts, good analisys indeed, keep it up! Just wanted to correct you a bit regarding 1H TF: The TL is actually broken (drow it precisely using lows of the bars) and we have setup ...

Effective 5M intraday trading