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sqaguru Apr 16, 2019 10:44pm | Post# 83721

{quote} After several hours of adverse price movement (or better called it opportunity to buy more at cheaper prices?) trades are going well. Closed all Long. Now just wait and see {image}
I have a feeling that this ramp up may have been meant to trap bulls before the downtrend reasserts itself...

Oc6oph Apr 16, 2019 10:48pm | Post# 83722

Shew my account was down 10% now Iím up about 1%

moneymove Apr 16, 2019 10:53pm | Post# 83723

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{quote} I have a feeling that this ramp up may have been meant to trap bulls before the downtrend reasserts itself...
Could be
But EU still have potential to reach 1.133 or even 1.135 before going down
Lets see what Europe session doing
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sqaguru Apr 16, 2019 11:04pm | Post# 83724

{quote} I have a feeling that this ramp up may have been meant to trap bulls before the downtrend reasserts itself...
Sold 1.12995
SL = 10p
TP = Open

moneymove Apr 16, 2019 11:10pm | Post# 83725

{quote} Thats a very sick TE
Thanks mate
I will consider myself good trader if I could keeps doing that for several months consistently

engweijie Apr 16, 2019 11:23pm | Post# 83726

{quote} Thanks mate I will consider myself good trader if I could keeps doing that for several months consistently
Wish you all the best then

fxmfarmer Apr 17, 2019 1:31am | Post# 83727

Engweijie you still stick to your sell?

Mystskull Apr 17, 2019 1:59am | Post# 83728

This up push doesn't seem sustainable for now. While i do get that it is a bounce up from the 61.8% level of the upmove from 1.1250 to 1.1323 but it hasn't done a proper retracement. I get the feeling this is just to bait people into selling though before taking out all their stops. Will wait for London Opening for some direction i guess.

sqaguru Apr 17, 2019 2:01am | Post# 83729

{quote} Sold 1.12995 SL = 10p TP = Open
Well, that daily bullish engulfing candle pretty much wipes out my trade. The banks will do what they will do. If it doesn't turn around from here, I'm out ( I moved my stop up slightly)

sqaguru Apr 17, 2019 2:04am | Post# 83730

This up push doesn't seem sustainable for now. While i do get that it is a bounce up from the 61.8% level of the upmove from 1.1250 to 1.1323 but it hasn't done a proper retracement. I get the feeling this is just to bait people into selling though before taking out all their stops. Will wait for London Opening for some direction i guess.
It's extremely overbought here. Let's see what the pullback shows us.

engweijie Apr 17, 2019 2:05am | Post# 83731

Engweijie you still stick to your sell?
Uhh which one? Ive closed and taken multiple new sells since I last posted an entry haha

Mystskull Apr 17, 2019 2:05am | Post# 83732

I just want to quickly point out that the 61.8% retracement of the upmove right now as it stands (with a low of 1.12789 and high of 1.13115) is at 1.12913 which is the daily pivot. So maybe down move to pivot before bouncing back up? Just some thoughts that might prove useful.

Mitiblotch Apr 17, 2019 2:06am | Post# 83733

I see some rising wedge on my chart. Cannot post it now. This will eventually fall from some price. Whatever height Asia gives, I expect London to give their statutory 10plus pips on top of it before falling/stalling. Chinese data was all green and may be the excuse to spike out sellers' stop losses. I will wait to get my shorts in later.

Mystskull Apr 17, 2019 2:08am | Post# 83734

I just want to quickly point out that the 61.8% retracement of the upmove right now as it stands (with a low of 1.12789 and high of 1.13115) is at 1.12913 which is the daily pivot. So maybe down move to pivot before bouncing back up? Just some thoughts that might prove useful.
Okay nevermind it made a new High hahaha this is invalidated.

sqaguru Apr 17, 2019 2:18am | Post# 83735

{quote} It's extremely overbought here. Let's see what the pullback shows us.
That last dash upward to the previous day's high stopped dead on its tracks as soon as I removed my stop. Denied them the pleasure of busting my stops :-D

slowbrain Apr 17, 2019 2:20am | Post# 83736

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Still buy dips
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bigiivan Apr 17, 2019 2:22am | Post# 83737

{quote} Out - 12 pips on half volume. Obviously we are not hit 2,00000 Trying a new long. Half of volume again. BUY at 1,1287; SL at 1,1270; TP at 2,00000 AGAIN
Out + 24 pips on half of volume. I will wait till LO.
2,0000 we are coming!

tahshoon Apr 17, 2019 2:47am | Post# 83738

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salaam all
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Tslj.sg Apr 17, 2019 2:50am | Post# 83739

Good afternoon to all,
10minutes to LO.
Yesterday ,we had a trading range of 1.13133 to 1.12791( about 34 pips...)

For EURUSD today..

London opening & closing prices
open close
15 April : 1.13112. 1.13003 .(10.9pips)
16 April : 1.13072. 1.12834 (24 pips)
17 April : 1.13xxx. ???? ( Expect 20-30pips)

What price will London open???
For 2 days based on data above... Expect today London close will be lower than today's London opening.

Based on overall price ( low to high) of EURUSD for last 3 days

16 April: 1.12791 to 1.13133
15 April : 1.12970 to 1.13203
12 April : 1.12517 to 1.13233

Expected today's range will be around 40 to 50pips.
However , many data coming out on Thursday we may see increase volatility on Thursday since we have a GOOD FRIDAY holidays.

Trade safe and Cheers.....

gatenio Apr 17, 2019 2:59am | Post# 83740

#gann short market 11305 short limit 11310 sl 11315
what tp you aiming for?


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