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Attachments: EURUSD only
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EURUSD only

  • #99,561
  • Dec 24, 2019 5:02am Dec 24, 2019 5:02am
Target is between 1.11025 to 1.11050
Risk comes from not knowing what to do
  • #99,562
  • Dec 24, 2019 5:13am Dec 24, 2019 5:13am
Hi Guys,

If I was trading today I would say subtle bullish hints, nevertheless I am not trading right now. I have trade positions locked in and will leave it at that. I do believe that Eu could retrace upwards in the coming days leading up to New year. Thin markets could see adverse trading conditions, so not worthy for me to get into more.

I wish all of you a Merry X-Mas and festive greetings to you and your loved ones!.

All the best and see you next year.

Cheers.
Trade to trade another day
  • #99,563
  • Dec 24, 2019 5:29am Dec 24, 2019 5:29am
Again I am convinced, albeit late.
Long 1.1083.
SL 20 pips.
TP the sky!
  • #99,564
  • Dec 24, 2019 5:35am Dec 24, 2019 5:35am
1075 is a point to watch out for, this moment, i wish i bought from there the moment i saw it.
Price action, my best indicator.
  • #99,565
  • Dec 24, 2019 5:53am Dec 24, 2019 5:53am
Quoting Wavegarrick
Hi Guys, If I was trading today I would say subtle bullish hints, nevertheless I am not trading right now. I have trade positions locked in and will leave it at that. I do believe that Eu could retrace upwards in the coming days leading up to New year. Thin markets could see adverse trading conditions, so not worthy for me to get into more. I wish all of you a Merry X-Mas and festive greetings to you and your loved ones!. All the best and see you next year. Cheers.

Was thinking along the same lines which is why I closed my trades and just sidelining for now. Especially when it comes to going into Wednesday to Friday when most of the banks are back from holiday, that could lead to a nasty gap/spike.
  • #99,566
  • Dec 24, 2019 5:55am Dec 24, 2019 5:55am
Quoting Mitiblotch
Again I am convinced, albeit late. Long 1.1083. SL 20 pips. TP the sky!
I like your kind of TP, Miti. Wish you luck!
I am long too. But don't have any SL and TP.
  • #99,567
  • Dec 24, 2019 6:03am Dec 24, 2019 6:03am
Quoting bigiivan
{quote} I like your kind of TP, Miti. Wish you luck! I am long too. But don't have any SL and TP.

Isn't it risky without a SL? Mind you I am not trying to judge or tell you how to trade but I am genuinely curious. As a learning trader I always thought that SLs are important (and I think its a standard "teaching" to most new traders) but I have seen plenty of traders function well with and without them. The same goes for TP. So maybe I am too ingrained in the standard teaching and if you could help to shed some light as to the reasoning behind not using them I would greatly appreciate.
  • #99,568
  • Dec 24, 2019 7:08am Dec 24, 2019 7:08am
Quoting Mitiblotch
Again I am convinced, albeit late. Long 1.1083. SL 20 pips. TP the sky!
I am still holding my long from a couple of days ago. My total position sits at .1081. From the Daily perspective, I am still on track but the negative rolls are killer on this one. I would like to see those higher prices within the next couple of days, preferably today.
  • #99,569
  • Dec 24, 2019 7:27am Dec 24, 2019 7:27am
Quoting Mystskull
{quote} Isn't it risky without a SL? Mind you I am not trying to judge or tell you how to trade but I am genuinely curious. As a learning trader I always thought that SLs are important (and I think its a standard "teaching" to most new traders) but I have seen plenty of traders function well with and without them. The same goes for TP. So maybe I am too ingrained in the standard teaching and if you could help to shed some light as to the reasoning behind not using them I would greatly appreciate.
Some people are just bad at setting SL. It happened to me all the time when I was new to trading. Price takes your SL and then goes in the opposite direction, so many chose not to use SL. I can understand when someone does that with EU... EU most of the time trades in ranges and the volume per day is less than with other currencies. I don't have to express how important an exit plan is. If someone doesn't use SL, he or she must have an exit plan. Letting your losses run without an exit plan is just foolish.
  • #99,570
  • Dec 24, 2019 7:49am Dec 24, 2019 7:49am
That's all for today.

I wish you merry christmas traders!

Now i'm gonna trade with beers!

See you on thursday.
  • #99,571
  • Dec 24, 2019 8:46am Dec 24, 2019 8:46am
Time for back down or break and above 1.11000. So far the price has hold above on 1,10750. It needs a real resistance to break this area and 1.11143 can.

Good luck traders.

Merry Christmas

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 104 KB
Keep the faith and keep going
  • #99,572
  • Dec 24, 2019 9:13am Dec 24, 2019 9:13am
HO! HO! HO! Merry XMAS people.

I was analyzing the possibility to revisit 1.12000 from this levels, but imo that will a litlle hard than expected. For now I see a lot of resistance at 1.1130 and look first to 1.1000 before return to 1.1200.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 210 KB
Don't believe me just watch!
  • #99,573
  • Dec 24, 2019 9:37am Dec 24, 2019 9:37am
Quoting LCForex
HO! HO! HO! Merry XMAS people. I was analyzing the possibility to revisit 1.12000 from this levels, but imo that will a litlle hard than expected. For now I see a lot of resistance at 1.1130 and look first to 1.1000 before return to 1.1200. {image}
This is what I was thinking about when I made my decision for the long side. What do you think? I'm interested in your take on it.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D1.png Size: 56 KB
  • #99,574
  • Dec 24, 2019 10:00am Dec 24, 2019 10:00am
Just perfect price delivery!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDX M15.png Size: 36 KB
Click to Enlarge Name: USDX M15 Update 1.png Size: 47 KB
  • #99,575
  • Dec 24, 2019 10:14am Dec 24, 2019 10:14am
Quoting Mystskull
{quote} Isn't it risky without a SL? Mind you I am not trying to judge or tell you how to trade but I am genuinely curious. As a learning trader I always thought that SLs are important (and I think its a standard "teaching" to most new traders) but I have seen plenty of traders function well with and without them. The same goes for TP. So maybe I am too ingrained in the standard teaching and if you could help to shed some light as to the reasoning behind not using them I would greatly appreciate.
Isn't Forex risky?
Yes, it is risky without SL. But I will take my chance. I just don't want the price hit my SL and then goes in my direction.
  • #99,576
  • Dec 24, 2019 10:20am Dec 24, 2019 10:20am
Merry Christmas to All in this forum! Nice to hear from You always! GOD Bless All! Hope Santa visit you tonight !
Price action, my best indicator.
  • #99,577
  • Dec 24, 2019 11:18am Dec 24, 2019 11:18am
Quoting ikdenk
Does anyone have a SIMPLE indicator that shows the high and low of the CURRENT day.
try this one. It allows turning Day, Week and Month on or off, and choosing if you want the high and low taken from Bar Zero or Bar One.
Hover over the line to see the price.
The line label displays the current distance (in points) of the
a) ask to the high line
b) bid to the low line
c) average high to the high line
d) average low to the low line
Attached File(s)
File Type: mq4 D1_W1_MN1_Ranges.mq4   26 KB | 647 downloads
  • #99,578
  • Dec 24, 2019 5:14pm Dec 24, 2019 5:14pm
Wishing you all a Merry Christmas! hope you have a good time!

Look forward to catching some more Eurusd pips in the new year!
  • #99,579
  • Dec 25, 2019 4:25am Dec 25, 2019 4:25am
The world’s most powerful reserve currencies

https://www.finance101.com/the-world...ve-currencies/
  • #99,580
  • Dec 25, 2019 4:29am Dec 25, 2019 4:29am
The world’s most powerful reserve currencies

https://www.finance101.com/the-world...ve-currencies/
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