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EURUSD only

  • #99,701
  • Dec 27, 2019 5:56am Dec 27, 2019 5:56am
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.
Hi Guys,

Simply holding onto trades from last week. No new trades opened this week. My round number at 1.11500 and also weekly resistance at 1.11477 could see some retrace. Right now very bullish and I would think twice before entering into shorts, unless for a couple of pips short scalps. I may not trade next week as well, but will update if I see hints of a swing back to the down side.

Have a great weekend.
Cheers.
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Trade to trade another day
  • #99,702
  • Dec 27, 2019 6:02am Dec 27, 2019 6:02am
Quoting PatienceFx
{quote} hoping for a break below M1 100 sma to confirm {image}
plan failed , quit - 3

Quoting Mitiblotch
{quote} You got an excellent price. Some inconsistencies with the rise. Should go down to at least 1.1111 area. After that no shorting for me again for a while.
not so fast, i will wait on a better entry

Quoting PatienceFx
{quote} plan failed , quit - 3
good decision
  • #99,703
  • Dec 27, 2019 6:18am Dec 27, 2019 6:18am
It is Friday and it is the end of the year. Everything is up side down these days.
No matter how strong they will push it, DX chart pointing up- EU will fall. Look at H1, H4, H5 & Daily.
  • #99,704
  • Dec 27, 2019 6:23am Dec 27, 2019 6:23am
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Patience is the key for success.
  • #99,705
  • Dec 27, 2019 6:25am Dec 27, 2019 6:25am
What a day!
Price action, my best indicator.
  • #99,706
  • Dec 27, 2019 6:29am Dec 27, 2019 6:29am
Quoting PatienceFx
{quote} alright short taken, profit booking should begin before week closing {quote} {image}
Isn't profit taking essentially what is happening now? People are closing shorts before the 6x swap this weekend. Although theoretically the extra swap would benefit shorts... but anyhow, that's my theory.
  • #99,707
  • Dec 27, 2019 6:31am Dec 27, 2019 6:31am
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  • #99,708
  • Dec 27, 2019 6:36am Dec 27, 2019 6:36am
Quoting Starcraftmaz
{quote} Isn't profit taking essentially what is happening now? People are closing shorts before the 6x swap this weekend. Although theoretically the extra swap would benefit shorts... but anyhow, that's my theory.
Wonderful theory! I will keep my shorts till next year.
  • #99,709
  • Dec 27, 2019 6:37am Dec 27, 2019 6:37am
This might be a consolation period for the bears! sold @1150
Price action, my best indicator.
  • #99,710
  • Dec 27, 2019 6:37am Dec 27, 2019 6:37am
Quoting bigiivan
It is Friday and it is the end of the year. Everything is up side down these days. No matter how strong they will push it, DX chart pointing up- EU will fall. Look at H1, H4, H5 & Daily.
True Ivan. I have seen this game lots of time. Let's see how N.Y. will buy above the 200 DSMA and pay swaps X6. Still holding my 1135 short and added at 1.1140. Will keep them except 1.1180 is broken today.
  • #99,711
  • Dec 27, 2019 6:41am Dec 27, 2019 6:41am
Sell 1.1152
SL 1.1220

Let's see
  • #99,712
  • Dec 27, 2019 6:44am Dec 27, 2019 6:44am
It's not quite end of the year, next Monday and Tuesday are trading days.... maybe big boys are on holidays, but all markets are open.
  • #99,713
  • Dec 27, 2019 7:43am Dec 27, 2019 7:43am
Gradually EU entering into sell zone, will sell above 1.1175 for 30 to 50 Pips.
  • #99,714
  • Dec 27, 2019 8:03am Dec 27, 2019 8:03am
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Patience is the key for success.
  • #99,715
  • Dec 27, 2019 8:04am Dec 27, 2019 8:04am
Quoting peyman
Daily 200 Ema on 1.1158 can stop bullish momentum possible it has begun sell here and SL on 1.1167
first reject was done if another trying to break 1.1158 fail there will be double top and some bearish Dv on h1 m30
  • #99,716
  • Dec 27, 2019 8:04am Dec 27, 2019 8:04am
finally the correct short is here
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  • #99,717
  • Dec 27, 2019 8:10am Dec 27, 2019 8:10am
Based on weekly, these minutes (candles dancing around 1.1155 area) could also be the very last moments before the long awaited "Big Short"! I wouldn't be surprised to see 1.07 levels in 2020.. Just thinking out loud..

Stay Green
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Focus only on what truly matters!
  • #99,718
  • Dec 27, 2019 8:11am Dec 27, 2019 8:11am
Quoting Starcraftmaz
{quote} Isn't profit taking essentially what is happening now? People are closing shorts before the 6x swap this weekend. Although theoretically the extra swap would benefit shorts... but anyhow, that's my theory.
positive swap was killed and buried by trump long back
  • #99,719
  • Dec 27, 2019 8:47am Dec 27, 2019 8:47am
Quoting Ata-Turkoglu
Based on weekly, these minutes (candles dancing around 1.1155 area) could also be the very last moments before the long awaited "Big Short"! I wouldn't be surprised to see 1.07 levels in 2020.. Just thinking out loud.. Stay Green {image}
Hallelujah!
  • #99,720
  • Dec 27, 2019 9:18am Dec 27, 2019 9:18am
Hi Guys,

Just want to share something out of my earlier trading days. The reason I do not like to trade between X-mas and New year and even for the first week or so in January, is because it came to me out of the school of hard knocks. I could not understand how I could hold an account for months on end and even a year only to lose most of my takings going into new year. I shrugged most of it off and felt that the new year would bring new beginnings. It was until my wife reminded me that every year at the beginning of January I was refunding my account. I went back and realized that I was doing it for 4 years in a row without even thinking about it. A year is a lot of time to erase a stubborn memory, 4 years even more. An eye opener for sure when my wife told me I was not making it in Forex. It took lots of soul searching to get back on track and most of all regain my wife's support.

Do not fall in the same trap.

All the best Guys,
Cheers
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