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EURUSD only

  • #93,761
  • Aug 20, 2019 2:28am Aug 20, 2019 2:28am
Quoting Fx757
{quote} I'm looking at the Daily chart. Why did USDX come all the way up here again? Just to go down without running buy stops?
Very good question indeed!
  • #93,762
  • Aug 20, 2019 2:31am Aug 20, 2019 2:31am
Quoting Fx757
{quote} Because we are so close to take out last weeks low.
Somewhere this "take out lows" journey have to stop. I don't say that is now. But it is can't be a reason, I think.
  • #93,763
  • Aug 20, 2019 2:44am Aug 20, 2019 2:44am
Quoting bigiivan
{quote} Somewhere this "take out lows" journey have to stop. I don't say that is now. But it is can't be a reason, I think.
If a HTF level is taken and market runs away from it, IT's a sign for direction. But if market takes out a HTF level and stalls near it, IT's a sign for continuation deeper.
  • #93,764
  • Aug 20, 2019 2:45am Aug 20, 2019 2:45am
ALL market is doing, is taking out stops. This is how THEY make money.
  • #93,765
  • Aug 20, 2019 2:48am Aug 20, 2019 2:48am
If Eur goes above Asian session, I will add another short at 1.1090
  • #93,766
  • Aug 20, 2019 3:17am Aug 20, 2019 3:17am
Quoting Fx757
{quote} If a HTF level is taken and market runs away from it, IT's a sign for direction. But if market takes out a HTF level and stalls near it, IT's a sign for continuation deeper.
Ok.
Where is "stalls near" and "runs away"? Please, replace them with a numbers. Then we will wait and see!
  • #93,767
  • Aug 20, 2019 3:24am Aug 20, 2019 3:24am
Quoting bigiivan
{quote} Ok. Where is "stalls near" and "runs away"? Please, replace them with a numbers. Then we will wait and see!
This is in general.
  • #93,768
  • Aug 20, 2019 3:26am Aug 20, 2019 3:26am
Quoting bigiivan
{quote} Ok. Where is "stalls near" and "runs away"? Please, replace them with a numbers. Then we will wait and see!
It's the whole system that cannot be explained in a few words or levels.
  • #93,769
  • Aug 20, 2019 5:06am Aug 20, 2019 5:06am
OK, looking like another slow day. In short at 1080
  • #93,770
  • Aug 20, 2019 5:46am Aug 20, 2019 5:46am
Hourly bar structure doesn't look great for a short, best thing to do is probably nothing zzzzz. Unfortunately I'm on holidays and need to go to bed early until Thur.
  • #93,771
  • Aug 20, 2019 6:16am Aug 20, 2019 6:16am
Quoting HumzahJ
{quote} eidted it but was meant to quote it SL mvoed to BE I think it will hit atleast 1.1090 At that point I will close my trade or if the signals are bearish i will stay in

Trade still active
locked in 35 pips
  • #93,772
  • Aug 20, 2019 6:23am Aug 20, 2019 6:23am
Quoting Fx757
opened a short TP 1.1055
Moved TP to 1.1045, but might close a partial at 1.1055.
  • #93,773
  • Aug 20, 2019 6:30am Aug 20, 2019 6:30am
Well, price tried to move lower and was strongly rejected so I'm out with only +3 pips and will stand aside for now
  • #93,774
  • Aug 20, 2019 6:34am Aug 20, 2019 6:34am
After a strong rejection many people put their STOPS below a level like this. So market will move to take them.
  • #93,775
  • Aug 20, 2019 6:38am Aug 20, 2019 6:38am
Quoting Fx757
After a strong rejection many people put their STOPS below a level like this. So market will move to take them.
Yea, when I see quick moves like this, that usually means stop hunts. I still see weakness short but it's not very strong right now.
  • #93,776
  • Aug 20, 2019 6:44am Aug 20, 2019 6:44am
Rejection will be after it sweeps below
  • #93,777
  • Aug 20, 2019 6:44am Aug 20, 2019 6:44am
And like usual, the market does what it wants, when it wants
  • #93,778
  • Aug 20, 2019 6:47am Aug 20, 2019 6:47am
Good sweep is about 10 pips.
Let's see
  • #93,779
  • Aug 20, 2019 6:52am Aug 20, 2019 6:52am
Long @ 1.1069 SL 1.1049 TP Open. Lets check it out.
  • #93,780
  • Aug 20, 2019 7:22am Aug 20, 2019 7:22am
Finally some movements
Risk comes from not knowing what to do
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