EURUSD

Eu d1

This tells it all.

As I've suggested for Up-Tend for this Pair to get enough energy or momentum to go down.
If you remember I said, It must test above 1.1216 then it goes below 1.10 and now gets to near 1.13 level. By the way the dominant trend is down but it needs to get enough energy or momentum for breaking 1.11 and then 1.10 For A/U i said for going below 0.69 and then 0.68 though be very careful when all sites and at the time more than 90% of traders be sure for just up moving Bankers and Big shots manipulate and insert money for bouncing back the pair towards real Trend.
Now you get profit of strong Up-Trend and not forget to see Swing High for reversing beside your strategy which is a good filtering to aware U sooner

Very, very nice spikes!... Lovely!

Perfect, done 1300 test and the 2nd confirmation/target here 1323 likely before correction. Take care

What thought usdx testing 96.71, yeah and bounce, likely restest and more possible, no done yet to have a bottom .
Eid celebration today and not getting time most time otherwise it is another day to have good profit in scalping! May another day!

Tyosty, I hope you had the stomach to stay to the end of the typical target of C or III? wave...but in the future please have the strategy of your own ready to trade...Yes, the market can go banana today and reach the alternate target of C'. This is the theory that always presents what academia thinks will happen. The market has its own rhythm. Good luck with your trading and remember ...Always trade your plan.

EUR is in a confused state today, chopping around

rejection at 1.127 intraday

just like your crush rejected your heart in high school/post secondary school

Hai, where do u get this info?

Short it like you never shorted before

short shorts

Sell on EURO

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eu d1+h1

dx d1+h1

Well yeah... did happen, with massive offset, but there were massive interventions.. Price TP would and did HIT however... just the exposure for it was massive... I even traded it in this TE that I am publishing here. I must admit, I was already preparing/bracing for impact (margin call)... but then it luckily turned... I am DONE with live trading for this week... I mean... the things that happened. Glad to see that it did hit because I was seriously "afraid" for the model, but being in this for 10y+.. this things are not uncommon when massive players are in play... or massive speculation regarding rates, EU, US, UK... tectonic movements... Took 10PIP now..
If you watch it from price prediction perspective, you might find something useful... but if you are watching for good TRADE, you might be dissapointed because return was relatively low compared to "turning radius" or exposure/risk.. But, assuming it wasn't just a coincidence... there is still hope for this prediction model it seems
Ussualy when it is "wrong"... it is either TOO much counter mush, massive trend reversal for months (rare).. or delay due to some unusual series of events... it ussualy takes few days to max weeks to go as planned. But yeah, if you would place the order in opposite direction, you would clearly be in a better position, very profitable, god risk ratio.. this time. In the long run, I think price prediction have what it takes... you have to have good harvest strategy as well obviously, specially for (over)leveraged daytraders, but price prediction alone might be good enough for big players (banks etc).. specially with only max 1-3weeks delay...

Just wanted to reply to this. Whatever I post I feel somewhat responsible to keep updates in either direction. Had the trade open the whole time, you can check my tradelist.. But to be frank, should this be bigger account, I would most probably cut the losses and not let it roll even though I believed it will get back on track (of the model), but wouldn't be able to risk it, not this time, when there were massive anomalies.

And as I have said... when model isn't working.. it usually means that it is either broken (always a possibility, even after 10years...) or that there is massive lag and when it does come back, the counter movement is massive, too big, I do not like that.. I prefer to go slowly... either way... daysurfing And sometimes, there is a runaway price.. very rare... Depending on the trade size and strategy... this can be risked-in.

I will REST for the week, LIVE trading wise...
Will re-test some harvesting strategy in the next 1-3w... then reevaluate if price prediction model still seems to be working (in this market).. How precise/quick it is.
What would be the optimal TP/SL levels and -> leverage accordingly... Then I might post some (scrambled) trades in this TE to get to 300%... or BUST of course
That is the reality of high-stakes game... I might also add that todays trades shouldn't be representative for anyone... Today was the day that, you won't believe..
BOTH sides could lose or BOTH sides could win... if you placed the order (not too big TP)... you just had to WAIT and had the large enough turning radius.... and you would HIT either way.. either you went LONG or SHORT.... at at least if you entered the market at the right time (regardless if B or S) in the last 24-48h...

Anyway, you have my stance... BEARISH for the next 3m then reevalute. This "trend" helps a little, if correct, to put wind at the backs but in daily trading you could still lose or win regardless if you place according to trend or reverse... So yeah, many components needed for overall profitability, that is why I look for the whole picture.
Seen many traders that were profitable but trades were luck, no skill/juice, just luck, for some time... or yeah, they saw some pattern that worked for some time and when it didn't... and at the same time I have seen traders that are in a LOSS, but have massive prediction skill, just poor, unskilled or undisciplined trading (harvesting) skills.. Ok I am repeating myself..

to sum up..
NO LIVE trading for the week..
SHORT, starting monday
period: 3 months+
TARGET return... standard doh.. double per week
PUBLISHED TE status: kept synched, but no trading while testing strategy in other accounts... might resume in 3w-3m.

BTW some people are very good moral support here, Techanalyst for example have a very good focus and remain at his game.. or how Eli (2010) said..
something is keeping him resolute when all around seemed lost. Very admiring. I myself know that I should not watch live charts all the time... I am best, if anything, at modelling the prices, setting the trades and than WAIT, not looking for some time, re-check...

I won, the price fell after the Powell speech the following day

but the price can go back up if the NFP report is bad on Friday since the market wants to estimate if the FED will cut rates soon

the bottom after the ECB tomorrow could be 1.118 if Draghi is not dovish enough and then bulls could push the price back up to 1.127 and then 1.133

It is necessary to sell EUR/USD after such a day bar. Stop loss can be placed above the maximum of 1.1306. Candle model - absorption, and strong. The oscillators are overbought, the price bounces off the level of the SSB. On the chart, it's a purple line, the edge of the Ichimoku cloud.