Journey to consistency

Thanks skyway for sticking around I could always use some suggestion and advice !

EA eventually hit 1.5420 2 hours into US session after pullback.

Well as for today this is where it stands 1h and 15m, 1h undoubtedly still looks bullish BUT 1.5420 is (I think) going to weigh heavily down on further bullish attempts. I don't see any reason to go long on 15m and my long bias isn't as strong as it was yesterday. In fact 4h PA isn't looking too good to go long. I'm going to wait.

I know grass isn't always greener on the other side but EN and GA have climbed up 80-100pips yesterday! when I'm not sure when to take profit I think it's also a good idea to look at other correlated crosses EN,GN,GA.

RBA due in 5 minutes.
I guess this is going to give some definite direction for EA.

Don't see anything definitive.
Guess I need to wait longer.

Waiting is the name of this game.
Patience.

“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet

EA long in

1.5420 remains a strong resistance but 1h and 4h charts support the long bias.

Tight range continues

1.5380 to 1.5393

1h 4h for now no definitive direction just yet

as for 15m 1.5380 level will be closely monitored if this doesn't hold then I guess we'll go further down, and today we might actually go "further down" if lower level supports fail to hold.

in the meantime I'm keeping it going and see what happens.
we're obviously in a range - zig zag kind of range. not the best times to trade.

EA long closed -3pips.

I'll take a break until an hour prior Frankfurt open.
Don't think much will happen now.

So this is where we're at EA 15m

And we're getting closer and closer to the year end and the holidays.

EA (and EN,GA,GN) all have enjoyed pleasant downward move, I'm doubtful if EA will just rise from here smoothly.

Think there's going to be a heck of a battle for bulls and the bears. PA on 15m looks like it.

1.5360 is my next are of interest. If EA is still headed up should find support somewhere slightly above or below the area, and maybe a triangular breakout ? Then maybe 1.5420 long is good to go.

Let's not get ahead of ourselves. Again wait and see mode.

PS: I was hoping RBA statement would set some kind of a direction but it sure didn't. No wonder why, holidays year end, same old same old statements from central bankers.

2nd attempt
EA long

I'm not being that great at timing my entries, <I need to use more trendlines>

If I'm wrong here I'll walk away I've maxed out my entry for the day.

Usually 2 is "gooood enough" even on trending days.

And 1 is "enough" for any single day.

1.5403-1.5407 sellers will be lurking down also 1h 100sma probably will pressure the bulls.

TP ?

well my bias remains bullish for now, and if we go upwards I'm looking at 1.5450 for TP but we'll go along with the dance and where it leads as things play out.

EA long out -3pips.

Be back tomorrow morning.
Hopefully it would find definitive direction.

I'll give it sometime.
Don't think its worth the time and money (even demo money) to play with this chaos.

Todays performance

-6pips

Loss to recover -634$

I may have been wrong.
Maybe it was the initial fake move. But I thought it was going too far.

Nevertheless. Have to admit this is messy area to play with.
Yesterday was a lot better.

Maxed out my entry per day.
I'll have to call it a day then.

I wasn't so wrong thanks GA for the heads up.

I won't play with fire here.
Maybe tonight during US it'll find some structure or tomorrow ?

Probably not today.

These areas are the easiest to burn your account.
Do not revenge trade
Do not over leverage

In these conditions.

Know when to go all in
Know when not to

But then again I don't go all in
Preservation of capital is priority not profit

holy s pi, you're becoming a MONSTER.
you're scaryy

easy mate, easyyy

EA went up.
Momentum is up on daily and 4h

But we're reaching a major R on 1h (200ema)

15m S1 1.5445
S2 1.5420
S3 1.5400

For now no setup.
My bias ? bullish Don't see why I should sell EA here.
But it could also very well go down here to 1.54 that's definitely a good enough pip count.
We'll see.

I'm taking my demo money seriously as if I'm trading real cash and in millions
I was becoming self destructive, trying to bring back the discipline buddy

EA

I'd like to buy the dip.
Guess we won't be getting any signals (again) for the asian session in the AM

EA short

TP1 1.5444
TP2. 1.5425