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EURUSD only

  • #83,601
  • Apr 15, 2019 9:05pm Apr 15, 2019 9:05pm
Quoting Starcraftmaz
{quote} Really, you would long into this hourly candle? I am doubling down on my shorts, at least to 1.128.
Yep, the hourly candles from the London open to now look like a staircase down
  • #83,602
  • Apr 15, 2019 9:13pm Apr 15, 2019 9:13pm
Quoting Starcraftmaz
{quote} Really, you would long into this hourly candle? I am doubling down on my shorts, at least to 1.128.
Really, you would add shorts at this level? EUR/USD only got to 50% fib
ex nihilo
  • #83,603
  • Apr 15, 2019 9:16pm Apr 15, 2019 9:16pm
Quoting Starcraftmaz
{quote} Really, you would long into this hourly candle? I am doubling down on my shorts, at least to 1.128.
My 1H and 30M chart are shorts to 1.128 area as well. And my long setups are from 1.128 possibly. The contrarian view is Sell. Per Daily FX retail traders are 64.3% net-long with the ratio of traders long to short at 1.8 to 1.

Short-term:
Entry = 1.1313
SL = 1.1328
TP: 1.1283

Long-Term:
Entry = 1.1280
SL = 1.1264
TP = 1.13876
  • #83,604
  • Apr 15, 2019 9:34pm Apr 15, 2019 9:34pm
Quoting Oc6oph
{quote} Really, you would add shorts at this level? EUR/USD only got to 50% fib
:-)
  • #83,605
  • Apr 15, 2019 9:44pm Apr 15, 2019 9:44pm
Quoting HanHanid
Just take sell and wait price to retrace, sell order will wait for PA whether to close /let it run {image}
That's a good long from support. Don't be greedy now, take what market wants to give and look for another one.

Edit :1.3 is a good place to take another sell. Just watch PA and momentum
May the odds be ever in your favor
  • #83,606
  • Apr 15, 2019 9:50pm Apr 15, 2019 9:50pm
Quoting wealthyqueen
{quote} My 1H and 30M chart are shorts to 1.128 area as well. And my long setups are from 1.128 possibly. The contrarian view is Sell. Per Daily FX retail traders are 64.3% net-long with the ratio of traders long to short at 1.8 to 1. Short-term: Entry = 1.1313 SL = 1.1328 TP: 1.1283 Long-Term: Entry = 1.1280 SL = 1.1264 TP = 1.13876
does this work for you? It seems like retail would be too small to matter
ex nihilo
  • #83,607
  • Apr 15, 2019 10:15pm Apr 15, 2019 10:15pm
Quoting Oc6oph
{quote} does this work for you? It seems like retail would be too small to matter
I mapped these on Sunday after opening. I am learning, so they may not pan out, but Ive been at 80/20 with trades. Following the thread. :-)
  • #83,608
  • Apr 15, 2019 10:19pm Apr 15, 2019 10:19pm
Quoting wealthyqueen
{quote} I mapped these on Sunday after opening. I am learning, so they may not pan out, but Ive been at 80/20 with trades. Following the thread. :-)
It looks like this is going higher but you never know. Was long for about week and a half and was looking to long again if it got below 1.1300. It looks like it’s possibly forming harmonic pattern on daily chart
ex nihilo
  • #83,609
  • Apr 15, 2019 10:21pm Apr 15, 2019 10:21pm
Quoting Oc6oph
{quote} It looks like this is going higher but you never know. Was long for about week and a half and was looking to long again if it got below 1.1300. It looks like it’s possibly forming harmonic pattern on daily chart
Daily always bites me. I very open to changing positions. The trend s my friend.
  • #83,610
  • Apr 15, 2019 10:24pm Apr 15, 2019 10:24pm
Quoting wealthyqueen
{quote} Daily always bites me. I very open to changing positions. The trend s my friend.
I focus on H4 and daily. H4 seems to be the best for me.
ex nihilo
  • #83,611
  • Apr 15, 2019 10:39pm Apr 15, 2019 10:39pm
Quoting Oc6oph
{quote} I focus on H4 and daily. H4 seems to be the best for me.
thanks!
  • #83,612
  • Apr 15, 2019 10:52pm Apr 15, 2019 10:52pm
Quoting wealthyqueen
{quote} thanks!
You’re welcome
ex nihilo
  • #83,613
  • Apr 15, 2019 11:44pm Apr 15, 2019 11:44pm
Quoting newbegger
{quote} Still building short position even though weekly chart has me nervous. This early into the cycle had me back off on size and wait for some big pops to sell into. Don't want to build too fast as this bull looking strong, for now and I do not like big drawdown, {image}
Dumped my entire long term line for +3 pips.

Sometimes we have to go with what we feel. Cycle timing is not right to build short yet. I attach one of my systems which actually uses indicators. H1 chart looks real bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 127 KB
Ecclesiastes 1:9
  • #83,614
  • Apr 15, 2019 11:46pm Apr 15, 2019 11:46pm
This is the 2nd time it has bounced off the 61.8% retracement. If this bounce still fails to make a Higher High this might lead to a down move. It also seems to be having trouble breaking past 1.1316 which is the 50% retracement from the overarching down move. Will wait for London before making a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 244 KB
Click to Enlarge Name: Screenshot2.png Size: 269 KB
  • #83,615
  • Apr 16, 2019 12:12am Apr 16, 2019 12:12am
Quoting bigiivan
BUY at 1,1307; SL at 1,1298; TP at 1,1320.
- 9 pips.
The market kicks me out to take upward after. I hate Him!
  • #83,616
  • Apr 16, 2019 12:20am Apr 16, 2019 12:20am
Quoting bigiivan
{quote} - 9 pips. The market kicks me out to take upward after. I hate Him!
stops are too close. Have to give some bounce room, use ATR to gauge how much bounce before the stop
Ecclesiastes 1:9
  • #83,617
  • Apr 16, 2019 12:44am Apr 16, 2019 12:44am
Inserted Video
  • #83,618
  • Apr 16, 2019 12:59am Apr 16, 2019 12:59am
Quoting newbegger
{quote} stops are too close. Have to give some bounce room, use ATR to gauge how much bounce before the stop
I use M15 & M30 frame for this trade. Bigger SL isn't needed. Asian sessions are too treacherous for my style of trade. However, it is not a big deal, there is a lot of new chances today. I am grateful that yesterday was green day to me.
  • #83,619
  • Apr 16, 2019 1:55am Apr 16, 2019 1:55am
Good afternoon to all,
This week will be a short trading week...This Friday is Good Friday and Easter Sunday/ Monday....
For EURUSD , London opening and closing prices
15 April : Open : 1.13112 Close : 1.13003
16 April: Open : 1.13xxx Close : ????
As of current...5 mins to London opening......
Today's Low: .112920 High 1.13089
( ADR 16.9pips)

Expected trading range today will around 30-40pips
My humble opinion
On the Upside : 1.13230
On the downside : 1.129000

All the best to all..Trade safe..

Cheers
tslj
  • #83,620
  • Edited 2:30am Apr 16, 2019 2:12am | Edited 2:30am
Quoting post
one more lot buy at 1.1300, SL & TP the same Happy Trading

Good morning my friends!!

Still long.....

Reasons: If we get green April data this week then we could be easily walking in to 1.14-1.15 handle in next couple of weeks..This could come through in this week's German April ZEW survey and EU area April flash PMI, helped further by easing Brexit concerns and generally stronger equity markets.

Risk: RED April data could encourage the bears try revisit 1.1170 .....

Update: Loaded again one more buy at 1.13000 ..., SL & TP the same
I know I am taking some risk with this trade..but the risk reward potential is huge given the fact market is too long on US and too short on EU which could lead to a panic short covering rally in EU if data surprises us to the up side this week.


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