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  • #15,121
  • Mar 2, 2018 4:34am Mar 2, 2018 4:34am
First 1.2263 broke then 1.2380.. so the bulls continue their path towards 1.2305 I am guessing.. careful once there..

Stay Green
Focus only on what truly matters!
  • #15,122
  • Mar 2, 2018 4:37am Mar 2, 2018 4:37am
Shorting 2295, stops 2313. Going to aim sub 2200. Had a long at 2260, which I closed at 95 just now as well, but since I couldn't post it live I'm assuming it doesn't count.
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  • #15,123
  • Mar 2, 2018 4:37am Mar 2, 2018 4:37am
Price moved pass 1.2280 but now developing long upper tail. Will wait to look closely at candle close.

Mean while i moved to break even just in case the trade goes sour.

Cheers,
Beefstew
Ask, and it is given. Every single time, no exceptions.
  • #15,124
  • Mar 2, 2018 4:41am Mar 2, 2018 4:41am
I still continue in short
LONG mode, but R still there (no break)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.M5.png Size: 70 KB
Click to Enlarge Name: EURUSD.M30.png Size: 52 KB
Trendlines H1,H4, SMC
  • #15,125
  • Edited 5:01am Mar 2, 2018 4:44am | Edited 5:01am
Quoting matkooooo
{quote} first target hitted, 24 pips, /i can hear that broken stoplosses haha/ , SL of second position moved to 10pip profit , still holding also shorts /from 1.2335/. Price is moving north but on quite low volume which means fake for me /=we will see retry back or oposite move soon/ .
It's not as clearcut... I believe low volume moves the market after high volume. Buyers and sellers eat each other and then the question is who's left?
I believe price is just trying and trying... and then the price level attracts volume or it doesn't.

I'm much more alert on low volume..dry-up... the question is what happens after that.
Also I'm very alert at BO of a few pips and then high volume comes in..price goes back and then it's decreasing. It's bound to fail. (FBO). On the other hand if I have a position and price goes thru resistance at 70% (projected volume) of previous bar I hold... if it's 120% I'm on alert... if it's 40% and stays like that it can be fake. And of course all this is much more reliable during high volume hours.

Think about it...price breaking resistance happens if resistance is not there anymore....so when it's not there it just goes thru normally... completely normal.. not high volume...not low volume..no weird moves..nothing special because it's not there anymore. This is actually counter-intuitive because the human brain expects something special/different for something special (breakout) to happen.

It's just not possible to say low volume=fake and high=genuine. Depends totally on the location.

For a trend to continue increasing volume is needed in the direction of the trend. That's for sure.

Ivo
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 223 KB
Trouble lies in what we believe to know for sure that just ain't so.
  • #15,126
  • Mar 2, 2018 4:57am Mar 2, 2018 4:57am
Surprise is not that price is going up.. it would be surprise if it slips back below 1.2280.. has it not just flipped out from there? lol..

Stay Green
Focus only on what truly matters!
  • #15,127
  • Mar 2, 2018 5:02am Mar 2, 2018 5:02am
this area is also good for a quick buy...
short can wait
  • #15,128
  • Mar 2, 2018 5:06am Mar 2, 2018 5:06am
We arrived at critical area again.. cluster of resistance.. let's see how high bulls will push.. sky is the limit.. or maybe just 1.2310.. time will show..

Stay Green
Focus only on what truly matters!
  • #15,129
  • Mar 2, 2018 5:11am Mar 2, 2018 5:11am
Quoting Ata-Turkoglu
We arrived at critical area again.. cluster of resistance.. let's see how high bulls will push.. sky is the limit.. or maybe just 1.2310.. time will show.. Stay Green
Pretty high.....not just euro bulls, but USD decided to help by falling off a cliff...

Time to load more shorts?
  • #15,130
  • Mar 2, 2018 5:14am Mar 2, 2018 5:14am
Quoting ivob
{quote} It's not as clearcut... I believe low volume moves the market after high volume. Buyers and sellers eat each other and then the question is who's left? I believe price is just trying and trying... and then the price level attracts volume or it doesn't. I'm much more alert on low volume..dry-up... the question is what happens after that. Also I'm very alert at BO of a few pips and then high volume comes in..price goes back and then it's decreasing. It's bound to fail. (FBO). On the other hand if I have a position and price goes thru resistance...
Hello,

Agree with all, dryup volume is sometimes much more significant.

Now I watching 1.23232 reaction, it is mother of all levels for me now

Also check yellow bar /high volume churn bar on M30/ , so f*ing typical. And I seen that and ignored that yesterday. How stupid I am..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 108 KB
  • #15,131
  • Mar 2, 2018 5:15am Mar 2, 2018 5:15am
Quoting MoneyFocus
{quote} Pretty high.....not just euro bulls, but USD decided to help by falling off a cliff... Time to load more shorts?
Yes. .. Yes.. Later watch the bleeding!
Forgot to add, from the account.
Lol
  • #15,132
  • Mar 2, 2018 5:15am Mar 2, 2018 5:15am
Quoting MoneyFocus
{quote} Pretty high.....not just euro bulls, but USD decided to help by falling off a cliff... Time to load more shorts?
Not yet.. wait for 1.2325/30 based on H4 resistance level..

Stay Green
Focus only on what truly matters!
  • #15,133
  • Mar 2, 2018 5:16am Mar 2, 2018 5:16am
Quoting TudorIoan
My Intraday Outlook. (ahead London)y Intraday Trading: Sold 2273 => 2250 ...hope for a little correction to that rally. Have a good trading day, you all! {image}
Bad trade, very bad trade!
TP missed by 1 pip then up to SL ...FX is fun, right?!
Member
  • #15,134
  • Mar 2, 2018 5:20am Mar 2, 2018 5:20am
Huge volume, very tiny range.
I'd say that change is near.
Change=sideways or down..

Ivo
Attached Image
Trouble lies in what we believe to know for sure that just ain't so.
  • #15,135
  • Mar 2, 2018 5:21am Mar 2, 2018 5:21am
Quoting Leesi
{quote} Yes. .. Yes.. Later watch the bleeding! Forgot to add, from the account. Lol
Lol.

It's funny how you are excited at the thought of another forum member potentially "bleeding". I love how retail traders (ie us) fight among ourselves while the institutions laugh their way to the bank.
  • #15,136
  • Mar 2, 2018 5:22am Mar 2, 2018 5:22am
Oompf, stopped. Le sigh Trump, le sigh.
  • #15,137
  • Mar 2, 2018 5:23am Mar 2, 2018 5:23am
Quoting TudorIoan
{quote} Bad trade, very bad trade! TP missed by 1 pip then up to SL ...FX is fun, right?!
Cheer up bro.. what is lost quickly can also be caught back quickly.. positivity forever

Stay Green
Focus only on what truly matters!
  • #15,138
  • Mar 2, 2018 5:23am Mar 2, 2018 5:23am
in my opinion, nice oportunity to try some small short against magenta line. If I see some real consolidation above I will start to thinking about canceling my shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 111 KB
  • #15,139
  • Mar 2, 2018 5:27am Mar 2, 2018 5:27am
Quoting Ata-Turkoglu
{quote} Cheer up bro.. what is lost quickly can also be caught back quickly.. positivity forever Stay Green
Thanks, Ata!
From my angle today, a steep rally needed a correction ...exactly down to 2250
I was 1 pip away from happiness!

Now I'm reticent to sell the 2311-2327 Pivot zone ...because the angry Italian elections euro BULL
Good luck, guys!
Member
  • #15,140
  • Mar 2, 2018 5:27am Mar 2, 2018 5:27am
My TP was hit so i was out with only 40 pips. I feel like there still a huge move waiting up there. But i guess the hog get slaughtered right? I have to be happy with this one.

Cheers,
BeefStew
Ask, and it is given. Every single time, no exceptions.
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