EURUSD only

Bothered me today as I read that. Prayers of Love and Light to his family.

Hello!

New subscriber to this thread.

Joined Sep 2015 and this is my 2nd post

Alrighty, let's get started.

Long on 2/8/2019 - eurusd
price - 1.10936
SL - lock in 1.11622 as of today 7/8/2019
tp -1.12860

TT

im short now for 30 pips.

I am keeping long, but I am going to test here. Short 1.1209, Stop 1.1228, Tp 1.1140. I will trail stop if market breaks 1.1200.

I can understand being long with the dollar declining now, but why would one try a short?

Look ABC is a common correction fractal and after end it the market should continue with the trend.



The problem is that ABC fractal can repeat again, and again and again as I show you in red lines. Inclusive could retest 1.1248 without breaking and then continue down and it still being an ABC fractal.



Right now I see very possible for other ABC fractal to the downside looking how the market was moving these days and also analysing the USDX.

That is because I am trying a short here and my stop is in a place with a high probability that reaching there will be difficult to come back, but it is possible, you have to play with probabilities.

Actually what happen to Engweijie....

4 days ago we got a hammer, looks like a bottom, for Euro. Yesterday, a dragonfly doji, look like indecision.


In my long term account, still short. I am watching today closely because if it's an up day I will be buying dips to protect my profits.

It's good and bad.

Good because EURO is the strongest free floating currency. If you want to argue JPY or CHF, save your breath. I believe these are managed currencies and will not argue.

Bad because this affects my profits as I am basically hedging. I don't make money when hedging. I lose money slowly until I unhedge.

H4 Status Update and S/R Levels

1. 1.12135 is main resistance and I prefer selling that area as long as H4 candles close below.
2. Also waiting to see a candle close below 1.1193 which is nearest support. Very crucial!
3. Overall I believe C wave will go for 1.1153 area at least and maybe even lower.. Time will tell..
4. It can get choppy here so be careful on both ways..
5. Notice that my bull power indi is now below 0.. Bears will have the upper hand for some time..

Stay Green

Manual close for 5 pips

Daily S/R Levels for Today and Thursday

On chart below things are getting interesting:

1. Current candle has not broken classic blue trendline yet, but it might do so tomorrow with a slide out into the bearish side. If that happens 1.1216/39 zone will become strong resistance!
2. If we see a bounce up then today especially 1.1225 is key! If that level breaks today bulls could reach 1.1265/85 zone.
3. Personally I believe we will revisit MOFU-Low area sitting around 1.1144 at least and maybe even lower directly to the low at 1.1096 area (less likely but still possible).

Stay Green

Buy limit@ 1.11559

Sl 30 pips.

Tp 1.12800

Putting Sell limit
1.12149
SL 20 Pips
TP open

will close at 1.1160 (4 positions opened) will look for buy setup around 1.1148-11.60 area where tp will be 1.1285 sl 1.1120

From here it would be still the best to keep selling bull attacks towards 1.1196..

New Pending Order, Sell Limit: 1.1194
Lot: x
SL: 1.1226
TP: Open

*Trade can also be seen on my trade explorer..

Stay Green

Edited sell limit to 1.1194 as Ata also selling here. SL 20pips TP Open

Lol.. hey sartu.. don't mind me but I suggest you slowly create your own system and stick to that instead of simply following "Atamoku Kinko Hyo" Use my orders only as a guideline.. I am human too as you might know.. and I can make mistakes.. Good luck!

Stay Green

Never mind.....it's true one has to creat own system that I am also trying and improving. Being a follower of yours I follow your trade if it goes against I won't regret. It hasn't happened yet Lol