EURUSD only

I closed my shorts from 1.1827. I'm still holding 2 of my shorts.

Market retraced 23% fib in 1hr chart.

it has already failed once at this price. weight of evidence suggests it should be bullish so it might be a good time to close shorts. and leave longs. There is no certainty however

if I look at the current market structure .... I suspect there is no upward interest rate hike for next week ... hopelly i am wrong ....












candlestick is used to see price movement/pa and changes in market psychology in certain time unit

If it doesn't bounce from 1.1760 then what is left as support is 1.1748 and maybe 1.1735.. I am preparing a buy setup inside the incoming couple of hours.. but overall: beware of 1.1775 area.. it might resist against bullish pa for a while..

Stay Green

yes 1730-170 looks a good area for bulls to 1840+

I think now set (SL 1.1790) to your all sell. (your own trade own choice )

kuch bhi hosaktha bhai.
Sorry.
same situation mera bhi hua tha January 2018.

Done deal that Flag - time to BEAR!
...or count it as waves 1 to 5...

PS - H4 chart...

The recent one on H1 chart, but push is strong...will take a bit more time.

Hope u rite....loaded up short side this end

U and Me both

The H4 chart is actually nearing a potential buy zone.. but good you posted it, because it tells me that we need more time for bull power to collect.. which eventually will.. maybe Monday or Tuesday, but definitely not today..

Until then bears still might enjoy some pips on smaller timeframes.. I am delaying my buy setup..

Stay Green

Samekhanok only you can make that decision. I have been there done that, in your position, and it did not end well. When you hedge to save yourself it is really a downhill spiral. But you might get lucky (if you can pick the bottom and top turning points and close out your trades in profit). If not, I would suggest when you start again, keep your trade sizes very, very small (or use a stop loss). Patience will allow you to build your account, but (from experience) there are not very many shortcuts (if you find one, let me know). Just remember, whatever you risk, you can lose, and there is more chance you will lose than win. A small win always is better than any loss. It is very hard to cut a big (percentage) loss, harder (in my experience) that watching your account go to negative balance, which is absolutely ridiculous.
I now try to maintain a margin of less than 10% on my accounts and an overall drawdown of 10-15%, and sure sometimes I break those "rules" and you know what, that is when I start to lose sleep. As I said, I was in your position, and lost it all, but I started again, and for the last two and a half years I have made and average of only 1% per week on my account, at a 99% win rate .... very small trade sizes, and patience.
And since this page is about the EURUSD and not how to trade (Ata will have to make a decision to like or dislike this post... maybe remain neutral), I see an uptrend possibly starting on the M5, down trend on the M15, M30 and H1 and the H4 may be on the outside verge of starting an up trend again, but I really think that is is a while away. (I'm 90% short on my trades and holding one frustratingly high long - which I should kill, but hate loosing a trade so will hold it for a bit longer and suffer the consequences (because it is fairly small, swap is working against me, but I live in hope that I will break even or minimize my my loss). I am still looking for that down trend back to below or around 1.16 (on daily charts).

I belive that the euro will to the area between 1.17156-1.17438 and then go up , its possible that he go up to 1.17912

and how will this impact the eur

"Deutsche Bank Chair Has Talked to Shareholders About a Commerzbank Deal" was on Bloomberg

enjoy your weekend.

Yeah, a retreat to .1745 and.1720/05 area is possible and then another run on .1830/40 and following .1920/40 areas...
However Bear scenario is also possible, that this is the end of the re-trace and we continue South wihout any more pullbacks.
Time will show!

See Green, Be green

Quick H1 Outlook

Still bearish.. sell with caution and delay your longs.. at least while below 1.1763

If 1.1749 breaks bulls will have more trouble..

Stay Green

Quick scalp w/2 lots, TGT - 1.1746, SL already on +

EDIT:
Boom, target hit, Nice bear flag TGT

Bulls be careful, we are breaking few supporting TLs simultaneously...

Close your buys and keep the shorts until end of the day.

At first, you gotta learn a lot about the basics of the Trading.

1.1755 could be a good place to sell again.. with 10 pips SL..

Stay Green