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EURUSD only

  • #79,761
  • Feb 26, 2019 1:26am Feb 26, 2019 1:26am
H4 Status Update

I am checking for a potential H4 candle close below 1.1352. Unless that happens I prefer to stay long, but please notice that bears are trying inside these hours. So careful here, and we have to be extra careful today once London opens.

Stay Green
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Focus only on what truly matters!
  • #79,762
  • Feb 26, 2019 1:27am Feb 26, 2019 1:27am
Quoting engweijie
{quote} No worries bro, it’s the internet there’s no hard feelings here hah. I do see where you’re coming this - I’m typing this I just took a buy entry where price is testing that marked zone of yours. Half the size of my running short so if my buy is stopped out I’ll just shift the short’s SL down to cover and shoot for 1.133x. If my short is stopped out then I’ll BE the buy and shoot for 1.14xx. Decision area right now so I look forward to see what the next half of the day does.
Ditched my buy hedge for a couple. Re-entered on a sell on the touch of M5 lwmas. On the H1 it does seem to be a fierce tug of war with bulls regaining the upper hand from the morning’s drop. Lwmas acting as a nice cushion while momentum slowly skewing from down to up. Gonna be an interesting hour (I hope).
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You hesitate, you masturbate.
  • #79,763
  • Feb 26, 2019 1:35am Feb 26, 2019 1:35am
Lots of resistance above 1359 on H4 chart - i see nothing but wicks and inverted hammers - it does keep trying tho!
supporting trendline on H1 and H4 still intact... we are coming to crunch time today tho, the supporting trendline will approach the resistance level at 1360-1370 in the next 12 hours - so one of these will break. It also happens in confluence with powell testimony later so i guess its going to be wait and see until then... expect it to range between these 2 levels until then - so im afraid we are probably in for a dull london/frank session...?
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  • #79,764
  • Feb 26, 2019 1:40am Feb 26, 2019 1:40am
Quoting engweijie
{quote} Ditched my buy hedge for a couple. Re-entered on a sell on the touch of M5 lwmas. On the H1 it does seem to be a fierce tug of war with bulls regaining the upper hand from the morning’s drop. Lwmas acting as a nice cushion while momentum slowly skewing from down to up. Gonna be an interesting hour (I hope). {image}
an hourly close above the 1.1355 zone will favour the bulls i am already long @ 1.1352. whenever there is a consolidation a break and rentry of some sort of support/resistance is required before the continuation of the move (stop hunts or a required correction before the real move can happen)
  • #79,765
  • Edited 2:26am Feb 26, 2019 1:49am | Edited 2:26am
New Pending Order, Buy Limit: 1.1353
Lot: x/2
SL: 24 pips
TP: Open but at least 1/1 risk-reward.

*Edit: Order just got triggered.

Stay Green
Focus only on what truly matters!
  • #79,766
  • Feb 26, 2019 1:53am Feb 26, 2019 1:53am
My thoughts: EU 4hr chart

1. Pink line is horizontal resistance which sits at 1.1393 area.
2. Top of ascending wedge sitting at 1.1409 + some pips
3. 61.8% fib retracement of the fall from top to bottom which coincides with wedge top at 1.1409 + - some pips.
4. The 4hr 200 SMA which may also act as some resistance.

Verdict: No more shorting for me until at least around scenarios 1 - 3.
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  • #79,767
  • Feb 26, 2019 2:01am Feb 26, 2019 2:01am
Quoting Tslj.sg
Tempting...... Sell @ market 1.13620 SL : 10 pips TP : 15 pips.... Cheers
London open at 1.13491
Computer taken out...+15pips..
Sideline now ...Looking for opportunities to buy..
Around 1.13430-1.13440

Cheers
tslj
  • #79,768
  • Feb 26, 2019 2:08am Feb 26, 2019 2:08am
Quoting Abrar1299
{quote} an hourly close above the 1.1355 zone will favour the bulls i am already long @ 1.1352. whenever there is a consolidation a break and rentry of some sort of support/resistance is required before the continuation of the move (stop hunts or a required correction before the real move can happen)
Thanks for the input. But for now (because I’m still in a sell trade) I will just continue trailing until stop out or when it hits my 1.133x level. As of right now I just can’t see myself jumping into a buy yet. Maybe if the current hour closes back above 1.1350. But good luck for your trade, green pips to you.
You hesitate, you masturbate.
  • #79,769
  • Feb 26, 2019 2:19am Feb 26, 2019 2:19am
Quoting engweijie
{quote} Thanks for the input. But for now (because I’m still in a sell trade) I will just continue trailing until stop out or when it hits my 1.133x level. As of right now I just can’t see myself jumping into a buy yet. Maybe if the current hour closes back above 1.1350. But good luck for your trade, green pips to you.
so far it has failed to close inside the 1.1355 zone minimum TF for me for a close candle is 15 min. cant trust 5 min candles. it looks like an M formation is being formed on the dxy, 1.1345 should be the bottom for the day if this wants to go beyond 1.1370.
  • #79,770
  • Feb 26, 2019 2:20am Feb 26, 2019 2:20am
Quoting Ata-Turkoglu
New Pending Order: 1.1353 Lot: x/2 SL: 24 pips TP: Open but at least 1/1 risk-reward. *Edit: Order just got triggered. Stay Green
Buy or sell?
  • #79,771
  • Feb 26, 2019 2:26am Feb 26, 2019 2:26am
Quoting bigiivan
{quote} Buy or sell?
Oops.. just noticed the error and fixed it.. thanks.. it is a buy..

And adding the 2nd half immediately, maybe it will be triggered maybe not, time will tell:
New Pending Order, Buy Limit: 1.1350
Lot: x/2
SL: 22 pips
TP: Open

Stay Green
Focus only on what truly matters!
  • #79,772
  • Feb 26, 2019 2:49am Feb 26, 2019 2:49am
seems direction is not still clear so I closed my Buy position @1.1357, had open @1.1347, SL 15 pips, sideline for a while waiting some down to enter again
  • #79,773
  • Edited 4:08pm Feb 26, 2019 3:02am | Edited 4:08pm
Attachment GAttachment GAttachment GAttachment G
  • #79,774
  • Feb 26, 2019 3:14am Feb 26, 2019 3:14am
BUY
0,01 lot scalp at 1,1356;
SL=TP=10 pips
  • #79,775
  • Feb 26, 2019 3:17am Feb 26, 2019 3:17am
Buy@market 1.13570
( Risking the +15pips made from 1.13620 sell order)
SL: 1.13420(15 pips)
TP: 1.13720( 15 pips)
1:1 Risk Reward Ratio
Let's go...
Cheers
tslj
  • #79,776
  • Feb 26, 2019 3:32am Feb 26, 2019 3:32am
Quoting bigiivan
BUY 0,01 lot scalp at 1,1356; SL=TP=10 pips
0.01 lots how many euros per pip are ???
  • #79,777
  • Feb 26, 2019 3:36am Feb 26, 2019 3:36am
Quoting Ata-Turkoglu
New Pending Order, Buy Limit: 1.1353 Lot: x/2 SL: 24 pips TP: Open but at least 1/1 risk-reward. *Edit: Order just got triggered. Stay Green
Moving SL to break-even (zero risk) and also cancelling 2nd pending buy order..

Stay Green
Focus only on what truly matters!
  • #79,778
  • Feb 26, 2019 3:38am Feb 26, 2019 3:38am
Dear friends, allow me to say a few words about the situation with voting.
1. Moty doesn't do anything wrong here. And he is not a troll. Despite the fact that Moty's problems lie in the field of his psychology, I think he is a positive person. And it costs a lot. I do not ignore Moty, but I also do not look through his posts, they do not bother me.
2. I believe that constructive criticism and discussion are always useful, and for both sides. When we try to help forcibly, and this help is not accepted, then we get angry and this is not right. To accept or not help is the right and freedom of this person. If I see that a person is wrong, I can tell him this only if he asks for my advice, or if we are on good terms.
3. I am equally respectful to everyone, regardless of whether the person knows more than me or less. Often, people tend to transfer their superiority over others in a particular area, to assessment in other areas, without really knowing anything about this person.
4. I also understand the feelings of Ata. Although this thread is common, he is aware of his responsibility for its quality. He, as a perfectionist, wants for her high quality information and communication in her.
5. I consider the creation of a vote as incorrect and I do not want to participate in it. But my opinion is that there is no need to judge Moty, he is just like everyone else.
  • #79,779
  • Feb 26, 2019 3:42am Feb 26, 2019 3:42am
Quoting jmss59
{quote} 0.01 lots how many euros per pip are ???
10 usd cent in my mt4.different broker made different account micro-mini-standard
Don't mind me.. i'm crazy
  • #79,780
  • Feb 26, 2019 3:43am Feb 26, 2019 3:43am
Quoting jmss59
{quote} 0.01 lots how many euros per pip are ???
This is the smallest lots I can trade. I play this trade just for fun. That's why I typed how big is it.
Otherwise, I hold a long term BUY position.
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