Appreciate it MTF, we must always learn from our mistakes! Yes I saw that too, re-entered initially with a super tight SL but already moved stop to BE. Let's see how the day ends. EDIT - BE hit. Done for the day. +38

Good call on the quick scalp. I was stopped out by 0.6 pips! I have re-entered @1.38639 BE locked in already. Hoping DXY will bounce.

Thank you for the feedback! In hindsight I should have waited for more rejection of that zone on smaller TF because my SL was almost hit, only 0.4 pips away on my broker. Yikes! EDIT - SL hit. Might re-enter but waiting for more confirmation first ...

Short @ 1.38549 TP 1.38250 SL 1.38649 Price retraced back to up to fib zone 0.618 of todays move like I hoped. Will lock in at BE once price comfortably goes below 0.50 level.

I'd like to see a retrace to fib zones 0.5 - 0.618 before re-shorting, looks like it's heading that way for now!

Beautiful move indeed! Took +48, great start to the week. Will you be looking for another short set up today?

So far so good! Hopefully we can break 1.38 today, let's see.

Me too! Entered at 1.38740 once DXY gap was closed.

Thanks Mysterio, I’d definitely like to see more of the gap close before entering short.

Should the DXY gap close before going short on GU or does the gap not matter so much on the DXY?

Thank you Fredo, have a good weekend!

I agree! I've enjoyed following your posts too Mysterio, particularly those on the DXY correlations. Have a good weekend.

Thank you for your reply coolmakina, your posts have always been helpful for me, this one included! This is very valuable information for anybody reading and you have given me a lot to think about. I have an ADR price target tool on Trading View, ...

Thank you Fredo, I will work on sticking to my plan!

I need some advice on patience.. I’ve exited early before TP reached so many times this week, like today I had a solid sell in place at 1.39300 with TP set at 1.38500 but took profit before the massive drop down. I guess I need to identify true ...

OK couldn't help but scalp another 17 pips from 1.39485 to 1.39310 - total pips gained today = 87 NOW I am done for the day lol What's everyone's bias for tomorrow?

Of course price went to TP (1.39500) when I impatiently closed. Lesson to learn here!! Anyway, +70 pips for the day, that's me done for today. Leaving Sell Limit in place but it's a long shot right now I think. Wishing you all many pips!

Me too brother, locked in @1.39049 but will be watching price around 1.39500. Sell Limit still in place for 1.40 but hopefully will be moving this up closer to your target depending on PA. EDIT: Closed at 1.39256 - like watching paint dry waiting ...

EUR/USD just completely filled gap almost to the pip. GU trying to do the same? Buy limit placed at 1.38625. Watching closely. Still have Sell limit at 1.40100 but starting to doubting it will reach today.

1.39300 hit as expect (1.39285 on my broker) - reluctant to go long just yet as I was expecting a stronger rise up from this level. Are we hitting 1.4 later today in NY session or testing previous low of 1.38508?