Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Script to change EA to long only/ short only at a price level? 1 reply

Eurusd-5m Trading Only 107 replies

Trading EURUSD only 43,560 replies

Trading EURUSD Only EA - Back Test & Improvements 30 replies

LIVE Trades Only : EURUSD & GBPUSD 112 replies

Attachments: EURUSD Only
Exit Attachments

EURUSD Only

Inserted Video
There was just some wild crazy action with price for anyone that was here, I have no idea what that was about, price dropped 15 pips in 1 minute. Looks like this 4 hour close will be important
Sell limit of yesterday adjusted to 1.21747
Tp 1.21103
Sl 50 pips
Risk comes from not knowing what to do
EUR/USD turning point on 1H chart which will occur on 2021.02.24
EST in 15 min time frame included.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.02.24.PNG Size: 37 KB
Its really bored PA. Now im using Volume. We know Volume not really valid but its can help us to know price direction. In my opinion volume very very low after drop. In this case buyer dont give up. Its just my opinion.
Learn and Learning
sell limit 1.2172 with tp 1.2152 is waiting with no sl
Attached Image
Quoting fxsport
{quote} Any reason why?
Sorry for the delay!
My indi say so, I just follow them. Otherwise, there are divergences on H4 and Weekly.

DX, 2H:
Attached Image (click to enlarge)
Click to Enlarge Name: 37567.png Size: 127 KB

I realize that I haven't got SL and I might wait for a while.
"I feel strong because I am bul..."
Dow
Touched the TL on 4h, similar bullish bias, lets see if we can break through the 1.216x area that's been a sticking point. If we break through the TL then maybe i'll start looking to sell. Would like to see DXY go down to the 89.9x area
Quoting mysterio
Touched the TL on 4h, similar bullish bias, lets see if we can break through the 1.216x area that's been a sticking point. If we break through the TL then maybe i'll start looking to sell. Would like to see DXY go down to the 89.9x area
I'm wondering if we'll see the four hour double top... Dunno.
Quoting mysterio
Touched the TL on 4h, similar bullish bias, lets see if we can break through the 1.216x area that's been a sticking point. If we break through the TL then maybe i'll start looking to sell. Would like to see DXY go down to the 89.9x area
Hey man! I think your analysis is spot on and in sync with mine. Right now it seems SM don't know where to push it, the obvious H&S on H4 and on daily are pointing to buy, but look at dollar index on the daily, that doji is telling that dollar is getting ready to go up. I think there's going to be good move today, the direction is what I don't know
  • Post #127,311
  • Quote
  • Edited Feb 24, 3:08am Feb 24, 2:43am (10 hr ago) | Edited Feb 24, 3:08am
Quoting dele5000
{quote} Hey man! I think your analysis is spot on and in sync with mine. Right now it seems SM don't know where to push it, the obvious H&S on H4 and on daily are pointing to buy, but look at dollar index on the daily, that doji is telling that dollar is getting ready to go up. I think there's going to be good move today, the direction is what I don't know
Yea, I'm long but stops at BE- ultimately I've no idea where it's going but I just can't see a lot of bearish clues and i'm hunting

The main thing is we're in a weekly supply in DXY, look back to April 2018. This area was the source of a huge bullish move back then which broke a huge multi year TL. The area directly overhead on Euro is a big daily zone too. Once/if we've broken this 1.216x area I can breathe a bit

Yesterday it retraced to 0.5% of the last move up and hasn't been back there. This morning the bounce was on the intersection of the 0.382 retrace and the 4h TL.

I don't really use Elliot wave but starting to notice it more when others post about it. The way I see it this would be around the start of Wave 3 (yesterday was the second part of the 3rd wave) which would tie in with the big move from the H&S. I really don't know anything about EW but i'm curious if anyone can shed light. I said yesterday H&S is a bit useless for timing entries, SLs, TPs etc but whenever I've noticed them they do tend to precede a big move. Then again I heard a guy on a trading podcast yesterday saying they only hold 50% of the time, other times they just lead into consolidation and they're basically useless. Obviously, I don't think large speculators are saying- oh there's an H&S lets go long/short. Who knows maybe they're using this to find counterparties to their big shorts.

I'd love to hear some arguments for the bears side, I definitely have a tendency to develop a view and only look for reasons to back it up rather than challenge it (confirmation bias)
1.2152, is the important price for today.
Quoting eurusd-thijs
sell limit 1.2172 with tp 1.2152 is waiting with no sl {image}
deleted the sell limit, will seek the short manual, has a bit too much power steaming to the north
Quoting pipfarm
Not something i would trade but 30 min is in retracement with ab and could be moving into c , correction confirms on 4H as it is moving against the daily The daily is moving up with the weekly so not a big correction due but could be worth some pips {image}

"Not something i would trade" , that reason now becomes clear, as i never trade corrections, the trade is now long from the 30 min correction which is over and now the swing is moving with the daily and weekly back up.
Follow The Markets Structure - Patience and Discipline
1.2214-28 might be a good intraday target IF we get there, I will probs hold longer

IF we break the TL then my bull case is invalidated- could then look for sells when we retrace back up to the 1.216x zone
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.jpg Size: 122 KB
Quoting mysterio
1.2214-28 might be a good intraday target IF we get there, I will probs hold longer IF we break the TL then my bull case is invalidated {image}
Is this a False brake or a real one?
Quoting peterfahey
{quote} Is this a False brake or a real one?
Haha- I wish I knew. It's playing with me. I genuinely would not like to call it. Obviously I hope it's real but it could go either way. Ordinarily as a scalper I would have closed or scaled out at R1 but i'm sticking with it. I'm sure theres plenty of bears shorting this area- I'm sure we'll know within the hour. The amount of times LO has got my hopes up then spat in my face... I'm sure it's designed to trick people into taking the other side of their trades
I am staying long for now
Live Account Return This Week: 12.3%
Quoting mysterio
{quote} Haha- I wish I knew. It's playing with me. I genuinely would not like to call it. Obviously I hope it's real but it could go either way. Ordinarily as a scalper I would have closed or scaled out at R1 but i'm sticking with it. I'm sure theres plenty of bears shorting this area- I'm sure we'll know within the hour. The amount of times LO has got my hopes up then spat in my face... I'm sure it's designed to trick people into taking the other side of their trades
The usual manipulation is going on, the coast will be clear when this 1H close, if there's upper wick, it's bear day, just look at your left on 1H chart with tweezer top, and if the present 1H close with wick, then that is the manipulation
  • Post #127,320
  • Quote
  • Edited Feb 24, 4:28am Feb 24, 4:11am (9 hr ago) | Edited Feb 24, 4:28am
this way or this way ?

Attached Image (click to enlarge)
Click to Enlarge Name: dcfacaf56f5a38645881937b41a16261.png Size: 38 KB

Attached Image
36 traders viewing now, 9 are members:
Boerboel
,
Ruudi
,
MRZ0098
,
Willord21
,
,
Tarkel
,
Traderview
,
Skip2k
,
MarcalLamar