EURUSD only

No mustache. Instead falling off a cliff.

After this response, I waited for a little retracement and got in...enjoying the drop with you. Thanks

TP hit

Short from 1.1691 Took off half at 1.1671 (20 pips)

@Ata, please How do we trail?

That's another thing I need to learn from Ata. once I see 10 pips up, I quickly close, then enter another another price and try to exercise Ata's kind of patience

Ata, what's your strategy on trailing stop?

Excellent trading as always, Ata. I joined in at the pull back to 1.1689. Stop currently at 1.1685.

Trailing is easy.. The trick is this:

"Stay on M5 and assume you are trading the H1.. now with every new breakout you SL can actually go above that breakout.. BUT I generally use 2 breakouts earlier levels on M5 for SL"

I hope you got the idea..

Stay Green

LONG from 1.1663 tp 1.1735

H1 update liquidate some postion to cash

This trade could be trade of the week.
After accumulation the bomb.

True! PA above 1.17 made it clear to me that this was a sell. I just needed more confirmation. Let's see if 1.163 will be broken.

cheers

Hello Ata, sorry to bother you again, I had asked if its going to get to 1.163 before going up but I haven't gotten your response, my RSI is still pointing bearish

This has been the most ridiculous day. In retrospect you can see the overall trend is down, but the way in which it went down is unusual to say the least.

I've made good money in the last day, but it was actually a bad day and week for me.

1. All of my positions were underwater (sometimes by more than profit) the vast majority of the time.
2. I made relatively very few trades.
3. I made many many trades this week where I could have taken $100-$200 profit but ended up being closed at b/e because of whiplashes and my greedyness (relatively to current price action which I should have read better and taken profit sooner).

I don't know whether it was patience and belief in my analysis for blind luck but I made it.

If you lost money don't feel bad, a paid signal service on telegram (I don't pay for it, but they do push some of their signals as "ads") actually apologised for the first time that I've seen in several months saying their signals lost a lot of money, and it's been a very hard week - and particularly regarding eur/usd.

I have to say these last few days have been very hard for me to make money, I feel lucky, and a big congrats to anyone who has.


On daily timeframe, you can see on shorter term charts (15m is best imo) it looks very much like a top formation. It could well go to something like 1.169 again - in fact it could have say 2 more crazy waves, however it is difficult for me to see it go above the recent top at 1.172 at this stage before going down to some not easily predictable bottom.

Finelly a movement , i gave up on and shift to long usd/cad , there were some news that came out.
Gain of 60-70 pips instead of 40 at the lazy eu.
All pivot lines are weekly

hi M
as u can see... the seller come to buyer area.. do not against the trend.. use any ema.. and u will find the way to swimming with the shark.

if daily could base taken out then she could play a visit to daily 55 sma at 1.1616. imo

An image is better than a thousand words.. Below I explained:

To trail SL I make use of the M5.. but whatever timeframe you use the logic is the same.

SL always goes 2 earlier ENTRY LEVELS after each new TL breakout on M5.. If those 2 earlier are close to each other then use 3 earlier.. But generally 2 earlier is enough!

EDIT: I fixed the mistake on the image!

Stay Green