Break and retest of upper TL means long for me. Target around 1.2350 Regards, snu.

Effective 5M intraday trading

EU watch — Good Morning! Here's EU as I see it. I took two points as reference A-points to calculate A-B-C retracements. Retracements for point 1.2048 are marked in red horizontal lines. Retracements for point 1.2162 are marked in blue ...

Effective 5M intraday trading

Today's opportunities — Here are possibilities of todays' trades and explanation of how the analysis should've been conducted. 1. We spotted yesterdays low and todays high as our reference points A and B 2. We used 4H intervals to find ...

Effective 5M intraday trading

Good morning, traders! Looks like scenario, I've drawn on friday is on its way.(first pic) Here's the pic for todays possibilities. I'm long biased in mind. So I'll wait for the price to retrace to one of the lvls and then look for setups there. ...

Effective 5M intraday trading

good call, bbolss! Thx!

Effective 5M intraday trading

BTW, the extremum at point 1.2148 is shown even if I use settings of 500 on semafor, this tells me its a very strong point and we should expect a deeper pullback.

Effective 5M intraday trading

Good Morning! Here's current EU situation, as I see it. PA looks like H&S formation. We can see divergence in volume and on MACD as well. I've drawn possible targets for point C using fib retracements and ABCD model. (Look at horizontal blue lines ...

Effective 5M intraday trading

Closed @ BE first time, re-entered second time and now I'm out with +41.

Effective 5M intraday trading

Its important that you understand the difference between setup and the model. Setups stay unchanged and are being conducted using rules described in this thread. The model is the representation of the market which helps us to determine which setups ...

Effective 5M intraday trading

According to the model We see wave "C in wave C in wave C" forming if it plays out it is going to be an impulse move I suppose. I'm still holding my position. Regards, snu

Effective 5M intraday trading

EU long — I entered long on break an retest of TL EP 1.2050 SL 1.2030 TP 1.2110 Regards, snu

Effective 5M intraday trading

With all this fuss about playing retracements we missed a good entry to the upside. Now have to wait for a pullback. Very annoying and not effective at all, since i was expecting the move all morning.

Effective 5M intraday trading

Unfortunately, closed @ BE.

Effective 5M intraday trading

Order in place. aiming for quick 20 pips, upward bias still in mind though. Regards, snu.

Effective 5M intraday trading

Point B moved a bit higher, I'm still anticipating the retracement. Possible lvls are shown on the picture. I also use different semafor values. the "sun" on the picture hase value of 170 in the indicator parameters, which tells me that we're ...

Effective 5M intraday trading

Good Morning, bbolss! Don't worry, we will have plenty of other opportunities ) Cheers!

Effective 5M intraday trading

I'm expecting price to retrace to one of the lvls drawn on the picture (common fib ratios) and go on further up according to the scenario I've previously posted. However, if price for any reason will break the lower TL I'll be considering the move ...

Effective 5M intraday trading

Good morning! I drew some scenarios yesterday using different fib ratios and looks like one of them is unfolding curently. Regards, snu

Effective 5M intraday trading

GJ, I got out with +40 pips!

Effective 5M intraday trading

Same entry, target is 1.2020 now position is @ BE

Effective 5M intraday trading