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  • #85,501
  • May 9, 2019 9:05am May 9, 2019 9:05am
Wow, these trade talks need to end now... what a move, quite unfortunate i was at the wrong end of it.
Strive for PERFECTION!!
  • #85,502
  • Edited 9:22am May 9, 2019 9:06am | Edited 9:22am
Quoting Wavegarrick
{quote} Hi Guys, I still maintain my longs. Significant is that we have not had a daily close above 1.1200 this whole week. Currently 1.11891 ish holding as support with pinbar rejections on the 4Hr time frame. My fast Rsi going into oversold territory on the 4hr time frame and I could look at adding more buy trades provided we do not have a weekly lower low. A lot hinges around the 1.12000 area and this could be significant in direction in the days/weeks going forward. All in all we are at crucial deciding levels hence the slow action this week....
Hi Guys,
It has been a tough week with some of my trail stops taken out for a couple of pips profit, nevertheless as mentioned in my post above I entered more buy trades on the pullback today. Currently at 333 pips in total. Patience has paid off on this one. My weekly resistance 1 at 1.12546 looming just above. Significant is that the descending trend line has been broken. 1.12000 remains critical for a daily close above.

Trade safe. Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #85,503
  • May 9, 2019 9:06am May 9, 2019 9:06am
Daily pivot smashed upwards. My SL at 1.1230 hit. After two days of holding. This is why I usually close my trades if price doesn't immediately move in my direction. I decided to wait it out this time and it goes wild the other way. Picking tops and bottoms remains my best way of trading because I'm usually right and price moves off in my direction immediately.
  • #85,504
  • May 9, 2019 9:07am May 9, 2019 9:07am
Quoting loriflori
I sure didn't see the reason for this large push up, no fantastic news for EURO and not that bad of news for US... guess people just wanted movement before that trade deal comes out. I thought we'd stay in range until that announcement, though. Bummer, not the direction I was looking for, either. I thought it would break south because we never got that great of a reaction to last week's fantastic numbers, thought it would retest that first before anything else.

It's being squeeze too tight hence the outbreak. This is why not good idea to trade consolidation bt imma stuck for 4 days now
Fundamental provide Volume, Technical shows Direction
  • #85,505
  • May 9, 2019 9:08am May 9, 2019 9:08am
Quoting Ata-Turkoglu
{quote} No SL? If so that's bad.. we will probably have a "vacuum" effect back down.. I am on sidelines.. Stay Green
i got stop out
took [email protected] and [email protected]
The Phoenix Trader....
  • #85,506
  • May 9, 2019 9:11am May 9, 2019 9:11am
the run up was so fast i would really expect a fade back down soon.
certainly on a lower frame such as M1 or M5....
in wondering about yourself, you forgot what you came here to be part of
  • #85,507
  • May 9, 2019 9:11am May 9, 2019 9:11am
... https://www.forexfactory.com/showthr...9#post12260139
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 czw II.png Size: 67 KB
  • #85,508
  • May 9, 2019 9:12am May 9, 2019 9:12am
Quite rightly, this attack was not a surprise, I wrote just a few minutes before it that I didn’t see any beautiful sell signals. But also for the purchase too
However, there is no bad without good, there is an opportunity for good scalps, maybe not only scalps if #1 leave our boat...
We'll see...
  • #85,509
  • May 9, 2019 9:12am May 9, 2019 9:12am
Quoting knkie
the run up was so fast i would really expect a fade back down soon. certainly on a lower frame such as M1 or M5....
Make your move yet?
Fundamental provide Volume, Technical shows Direction
  • #85,510
  • May 9, 2019 9:13am May 9, 2019 9:13am
Quoting Ata-Turkoglu
{quote} No SL? If so that's bad.. we will probably have a "vacuum" effect back down.. I am on sidelines.. Stay Green
I did have a SL Ata! Im mentally wiped out - just keep chasing a tail - Im having a moment. Just need to decide what I am going to do moving forward.
  • #85,511
  • May 9, 2019 9:14am May 9, 2019 9:14am
Quoting Seysin32
Quite rightly, this attack was not a surprise, I wrote just a few minutes before it that I didn’t see any beautiful sell signals. But also for the purchase too However, there is no bad without good, there is an opportunity for good scalps, maybe not only scalps if #1 leave our boat... We'll see...
agreed Seysin.
My reason for going long was because my short setups were not working out.
Thats always a signal for possible reversal for me.
in wondering about yourself, you forgot what you came here to be part of
  • #85,512
  • May 9, 2019 9:15am May 9, 2019 9:15am
Quoting LucasT
{quote} Make your move yet?
almost lol
in wondering about yourself, you forgot what you came here to be part of
  • #85,513
  • May 9, 2019 9:17am May 9, 2019 9:17am
Quoting wealthyqueen
{quote} I did have a SL Ata! Im mentally wiped out - just keep chasing a tail - Im having a moment. Just need to decide what I am going to do moving forward.
Take a deep breath.. Just look at weekly levels: 1.1231 and next 1.1267 will probably become the stoppers for the day.. Tomorrow you can decide again what to do based on basics..

Stay Green
Focus only on what truly matters!
  • #85,514
  • May 9, 2019 9:18am May 9, 2019 9:18am
One interesting stuff that I notice for this pass few days is that USD and Gold is moving in the same direction but now is
back to opposite direction
Fundamental provide Volume, Technical shows Direction
  • #85,515
  • May 9, 2019 9:26am May 9, 2019 9:26am
Quoting crackmyback
Guys what do you think is driving this spike?
Lack of liquidity at resistance, traders getting bored.
  • #85,516
  • May 9, 2019 9:27am May 9, 2019 9:27am
Quoting LucasT
One interesting stuff that I notice for this pass few days is that USD and Gold is moving in the same direction but now is back to opposite direction
and ever since Theresa started her never ending voting on brexit cryptos have been going up too.
We need that circus to be over so trading can become normalized again.
in wondering about yourself, you forgot what you came here to be part of
  • #85,517
  • May 9, 2019 9:30am May 9, 2019 9:30am
waiting for reversal on eurusd pair..
Attached Image (click to enlarge)
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Beat the enemy plan before its made
  • #85,518
  • May 9, 2019 9:30am May 9, 2019 9:30am
Quoting Ata-Turkoglu
{quote} Take a deep breath.. Just look at weekly levels: 1.1231 and next 1.1267 will probably become the stoppers for the day.. Tomorrow you can decide again what to do based on basics.. Stay Green
Thanks Ata!!! :-)
  • #85,519
  • May 9, 2019 9:32am May 9, 2019 9:32am
im fading 1.1243 short if it closes below it.
M1 chart....
SL 10 pips

If price goes back to the break line it should be about 20 pips.
Keeping it tight though.
in wondering about yourself, you forgot what you came here to be part of
  • #85,520
  • May 9, 2019 9:36am May 9, 2019 9:36am
... https://www.forexfactory.com/showthr...1#post12263571
Attached Image (click to enlarge)
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