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  • #13,961
  • Feb 21, 2018 2:52pm Feb 21, 2018 2:52pm
Quoting ivob
{quote} Nothing personal but you bought at 1.2303. > no serious bearish action around 1.23 Stay Green We are below.. > Marking 1.2318 as nearest crucial support. We went thru quite a bit.. >SL moved back up to 1.2325 Stay Green So you moved/removed SL? Just trying to lean here... what is the reason to hold on to the long? Ivo
You will learn here that you will stick to your system no matter what other people say or think.. I am not keeping my long open.. I was stopped out at 1.2303 (closed manually with loss) but my bias has not changed.. I am still keeping my long means I will not go short.. I will wait to jump back in.. But let's assume I keep my buy position from 1.2320.. so what? I am trading based on a daily chart idea.. SL can as far as 50 to 100 pips on daily.. Where is price now? 1.2288.. has the currency really moved? Is it really worth to panic? You tell me...

Stay Green
Focus only on what truly matters!
  • #13,962
  • Feb 21, 2018 2:55pm Feb 21, 2018 2:55pm
Quoting Ata-Turkoglu
{quote} You will learn here that you will stick to your system no matter what other people say or think.. I am not keeping my long open.. I was stopped out at 1.2303 (closed manually with loss) but my bias has not changed.. I am still keeping my long means I will not go short.. I will wait to jump back in.. But let's assume I keep my buy position from 1.2320.. so what? I am trading based on a daily chart idea.. SL can as far as 50 to 100 pips on daily.. Where is price now? 1.2288.. has the currency really moved? Is it really worth to panic? You...
Ah ok. Thanks for answer. Just learning here. No there's no panic right now.. no follow thru, end of day.

Thanks again. It's just hard to follow sometimes.
Ivo
Trouble lies in what we believe to know for sure that just ain't so.
  • #13,963
  • Feb 21, 2018 2:58pm Feb 21, 2018 2:58pm
...got greedy and adjusted my TP & SL+ a few hours ago. However, still looking bearish based on Smooth TDIZ-RSX indicator (Jurik & VHF filtered)

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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #13,964
  • Feb 21, 2018 3:12pm Feb 21, 2018 3:12pm
Longs closed. Will start fresh tomorrow.
  • #13,965
  • Feb 21, 2018 3:19pm Feb 21, 2018 3:19pm
Quoting Neil0163
Look how in past when RSI crosses up or bounces off 38.2 level on the scale price has big moves, given its about to cross and price still cant close below the 200 SMA and the fact stochs are oversold and starting to point north I'm still holding my long. Sorry hour 4 chart too {image}
Day not over yet ,,,,,but if it closes somewhere around here it would be a daily close below the 4 hour 200 (rough monthly price average) ,,,,,,,,,1st time since last quarter . Easy to see how that one played out ,takes a long time to build those patterns on a daily chart and why I always say the mkt dont move as fast as it appears at times ,,, Banks ,,businesses,,the big dogs are not all huddled around watching a five minute chart to trade off of ,,,,,,they know the levels that people do trade off those time frames watch tho ,easy money for them ,,,,,, cheers man
  • #13,966
  • Feb 21, 2018 3:22pm Feb 21, 2018 3:22pm
Quoting Ata-Turkoglu
Cheapest of SL hunting in play.. keeping my long no matter what.. Stay Green
You really think this is still SL hunting?
well my bias initially was bullish too but not any more, especially with a lower daily close price
  • #13,967
  • Feb 21, 2018 3:24pm Feb 21, 2018 3:24pm
Now it's clear - Trend is bearish. First resistance is 1.232x. If this will be taken, then EU goes to 1.2375-1.2390 area to shake shorts/longs near today's high at 1.2360. Then full reversal. I suggest VERY CAUTIOUS LONGS at current level. But I personally wait for my short, because I NEVER trade against the Trend.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #13,968
  • Feb 21, 2018 3:27pm Feb 21, 2018 3:27pm
Quoting Obaforex
{quote} You really think this is still SL hunting? well my bias initially was bullish too but not any more, especially with a lower daily close price
1.2270 is my last resort for bulls to recover.. if that level breaks yes I start selling swing highs..

Stay Green
Focus only on what truly matters!
  • #13,969
  • Feb 21, 2018 3:41pm Feb 21, 2018 3:41pm
i think real show will start after breaking 1.22 , hopefuly tomorrow.
  • #13,970
  • Feb 21, 2018 3:47pm Feb 21, 2018 3:47pm
currently stuck near 200MA on 4 hour chart, next target is near 1.22 if it breaks down

if equities continue to be sold off, then this pair is definitely coming down
Don't Worry Be Happy
  • #13,971
  • Feb 21, 2018 3:49pm Feb 21, 2018 3:49pm
Looking at these levels... For now it's down.
Attached Image
Trouble lies in what we believe to know for sure that just ain't so.
  • #13,972
  • Feb 21, 2018 3:57pm Feb 21, 2018 3:57pm
Some fire sale buy action here right now!

As mentioned, buy here, stop at 1.22495, and TP at 1.2560
  • #13,973
  • Feb 21, 2018 4:02pm Feb 21, 2018 4:02pm
Bulls are taking over from here, careful bears !
  • #13,974
  • Feb 21, 2018 4:14pm Feb 21, 2018 4:14pm
Quoting yomex_y2
Bulls are taking over from here, careful bears !
doesn't look like it
Don't Worry Be Happy
  • #13,975
  • Feb 21, 2018 4:17pm Feb 21, 2018 4:17pm
Quoting yomex_y2
Bulls are taking over from here, careful bears !
Would be great for me too, but I'm not seeing it.
  • #13,976
  • Feb 21, 2018 4:28pm Feb 21, 2018 4:28pm
the scary thing about this 280 pip EUR/USD correction is that it's still got room..... to go down more. It's not oversold on the daily chart, so I'm guessing 1.2200 is probably only a matter of time. Can't consider a long until some hard-core up candles appear on the 4hr chart.

Keep wondering and thinking about last Wednesday's price action after the US CPI. Was that price manipulation...?
pump-and-dump? If it was...could we see 1.2000?
  • #13,977
  • Edited 5:48pm Feb 21, 2018 4:42pm | Edited 5:48pm
What I see in EU now

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I try to add windows, and execute Buy... now already hit line stop loss +1
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We have to be rigid in our rules and flexible in our expectations
  • #13,978
  • Feb 21, 2018 4:47pm Feb 21, 2018 4:47pm
Quoting Rennaissance
{quote} It's not easy money I guarantee you that. Making money in the markets is very very hard.And I am not talking about finding a way to make it, I m talking about sticking to that way.
My advice would be to factor in your own psychology and time available (lifestyle factors etc) when finding a way to make money, as if you do this, sticking to your way should not be that hard.
Hope for the best, prepare for the worst.
  • #13,979
  • Feb 21, 2018 4:57pm Feb 21, 2018 4:57pm
Quoting Laditori
the scary thing about this 280 pip EUR/USD correction is that it's still got room..... to go down more. It's not oversold on the daily chart, so I'm guessing 1.2200 is probably only a matter of time. Can't consider a long until some hard-core up candles appear on the 4hr chart. Keep wondering and thinking about last Wednesday's price action after the US CPI. Was that price manipulation...? pump-and-dump? If it was...could we see 1.2000?
LOL. All financial/money markets are about MANIPULATION.
Have you mentioned S&P is a bubble? Short today, rich tomorrow.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #13,980
  • Feb 21, 2018 5:22pm Feb 21, 2018 5:22pm
Quoting Montrealer
{quote} LOL. All financial/money markets are about MANIPULATION. Have you mentioned S&P is a bubble? Short today, rich tomorrow.
Always a race to top or bottom ,dont matter which way its going really . Recap of last quarter and a half ,,,a mkt tests a level it continues on or it dont ,,,,,,,,2 year range highs got tested and didnt hold (2096) ,,,it more than likely will get tested again from topside ,thts what mkts do ,,,,,,,enough time passes in this process whats creeping ever so slowly towards that level ,,,current quarters box low point 1916 a level my friend fxclarity is looking for just below 2 year range highs a support area ,,,,,what else does it have down there quarterly open- a support area ,,,,,,,,,the daily 200 sma creeping into the picture a support area ,,, something which the mkt gapped 100 pips to get above . Trading is not all about the rocket or submarine trades ,,its cycles and going with current cycle overall,,,,,,,,lots of trades either way even when something trending a good part of the time . A traders main bias should be doing what must be done to keep acct increasing ,, not towards the mkt ,,,,,,the mkt is just the means to increase acct ,,,who gives a sheet which way its going
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