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  • #103,221
  • Mar 6, 2020 6:11am Mar 6, 2020 6:11am
H1 Status Update

Gosh! Hours pass so quick.. I feel like I am constantly updating.. lol

New "nearest" support: 1.1312.. While above no selling..

Stay Green
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Focus only on what truly matters!
  • #103,222
  • Mar 6, 2020 6:13am Mar 6, 2020 6:13am
Quoting mistaouting
{quote} I would buy on any significant pull back or retracement...
I agree.
  • #103,223
  • Mar 6, 2020 6:14am Mar 6, 2020 6:14am
Quoting mistaouting
{quote} I would buy on any significant pull back or retracement...
well in that case if there are significant pull backs to be seen, then there is room for shorts.....
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  • #103,224
  • Mar 6, 2020 6:16am Mar 6, 2020 6:16am
Quoting MaxDoom
{quote} well in that case if there are significant pull backs to be seen, then there is room for shorts.....
Smartest answer ever.. now what is left for him to say is: "Touché"

Stay Green
Focus only on what truly matters!
  • #103,225
  • Mar 6, 2020 6:19am Mar 6, 2020 6:19am
Quoting Mitiblotch
{quote} Were you amazed when people were buying 1.07xx? Lol... Those guys are over 500 pips up now. Anyway the weekly 200 is just 2 pips away at 1.1343 or so. Also daily range of 150 pips is also few pips above that. NFP is currently useless today. The move has been made. But you are absolutely correct, THIS IS A BULL MARKET!
I was not amazed at buying 07...actually suggested 00the retracement from the down leg and suggested buying around 07XX actually said the bulls were coming around 2/18 post.

This is uncharted territory for me at this point...in this current market my trading system isn't working.....so follow the trend... the trend is your friend.

I think its more important to be on the right ride down not the first ride down...
LOCK IN RE-ENTER
  • #103,226
  • Mar 6, 2020 6:24am Mar 6, 2020 6:24am
Quoting MaxDoom
{quote} well in that case if there are significant pull backs to be seen, then there is room for shorts..... {image}

I understand your logic...BUT do you want to short a 10 pip pull back vs a 80 pip day? I know which one I would want

seems like it makes more sense to buy or sell pull backs of the larger trend your trading...

I know we all don't have the profit horizons...holding positions very long times is different for someone who is scalping or day trading....if you want to scalp short every hour I get....but this pair has a clear and defined direction at the moment and thats up....
LOCK IN RE-ENTER
  • #103,227
  • Mar 6, 2020 6:28am Mar 6, 2020 6:28am
If bull comes inaction it is much more stronger than bear. Look at example EU was last trading 1.13 areas in June 2019 bear took almost 8 months to reached 1.07 areas and from 1.07 to 1.13 bull reched within a month. Wow
  • #103,228
  • Mar 6, 2020 6:29am Mar 6, 2020 6:29am
Quoting mistaouting
{quote} I understand your logic...BUT do you want to short a 10 pip pull back vs a 80 pip day? I know which one I would want
You were wondering "how can people short" because you believe the retracements will be narrow.. But in reality nobody knows how large or narrow retracements for this pair can be.. Since you mentioned the fact that the possiblity of major retracements always exists then that would be also your answer: "Those who sell right now simply believe that there will be a major correction soon".. False belief or not.. Time will tell!

Overall I am waiting for 1.1350/60 to look for sell opportunities.. OR when H1 candles close back below 1.1312.. whichever comes first..

Stay Green
Focus only on what truly matters!
  • #103,229
  • Mar 6, 2020 6:32am Mar 6, 2020 6:32am
Quoting investing101
Even if it's excellent news at 8:30 I doubt it'll have a lasting impact against the Euro. Too much at stake with this virus going around. It's spreading so quickly and it's affecting billion dollar companies already. Schools are closed all over the world and the Olympics are just around the corner.
When things get so bad, Euro is hardly the currency of choice. Let's make another reason for the rise.
  • #103,230
  • Mar 6, 2020 6:34am Mar 6, 2020 6:34am
Quoting mistaouting
{quote} I understand your logic...BUT do you want to short a 10 pip pull back vs a 80 pip day? I know which one I would want
I don't disagree with your trend and pull back entry logic, but in practice it can be hard to get the trades you want like for you today because it didn't pull back enough for you so sometimes you can find yourself missing a whole trend. my points would be..

if the trend is strong enough, short pullbacks or level break entries should be fine
if the thing has moved +140 today and to the first resistance above the last 8 week high, chances its worth banking some if not all and look for a re-entry a bit lower.... which gives the short option as well.... if entered around the peak and SL is executed correctly it will eat little of the 100 pip profit I already banked. but each to their own

gl
  • #103,231
  • Mar 6, 2020 6:40am Mar 6, 2020 6:40am
Quoting Ata-Turkoglu
{quote} You were wondering "how can people short" because you believe the retracements will be narrow.. But in reality nobody knows how large or narrow retracements for this pair can be.. Since you mentioned the fact that the possiblity of major retracements always exists then that would be also your answer: "Those who sell right now simply believe that there will be a major correction soon".. False belief or not.. Time will tell! Overall I am waiting for 1.1350/60 to look for sell opportunities.. OR when H1 candles close back below 1.1312.. whichever...

we all make orders on belief we think we know which way the market is going.....

Your right, time will tell....sooo wait for time to tell

Why short now...instead of wait for time to tell is all im saying
LOCK IN RE-ENTER
  • #103,232
  • Mar 6, 2020 6:42am Mar 6, 2020 6:42am
Quoting MaxDoom
{quote} I don't disagree with your trend and pull back entry logic, but in practice it can be hard to get the trades you want like for you today because it didn't pull back enough for you so sometimes you can find yourself missing a whole trend. my points would be.. if the trend is strong enough, short pullbacks or level break entries should be fine if the thing has moved +140 today and to the first resistance above the last 8 week high, chances its worth banking some if not all and look for a re-entry a bit lower.... which gives the short option...

great point!
LOCK IN RE-ENTER
  • #103,233
  • Mar 6, 2020 6:45am Mar 6, 2020 6:45am
Quoting MaxDoom
{quote} well in that case if there are significant pull backs to be seen, then there is room for shorts..... {image}
This is absolutely true.
  • #103,234
  • Mar 6, 2020 6:53am Mar 6, 2020 6:53am
Quoting mistaouting
{quote} we all make orders on belief we think we know which way the market is going..... Your right, time will tell....sooo wait for time to tell Why short now...instead of wait for time to tell is all im saying
You are waiting to buy. Of course you wait.. Why would a seller wait? These could be his/her perfect levels to sell to arrive at those deep levels where you would look to buy..

After all these years my advice for you is not to wonder but to understand that every trader has his/her reasons.. You will be happier the more you mind your own business and focus on your own plan..

Stay Green
Focus only on what truly matters!
  • #103,235
  • Mar 6, 2020 7:00am Mar 6, 2020 7:00am
Quoting Ata-Turkoglu
{quote} You are waiting to buy. Of course you wait.. Why would a seller wait? These could be his/her perfect levels to sell to arrive at those deep levels where you would look to buy.. After all these years my advice for you is not to wonder but to understand that every trader has his/her reasons.. You will be happier rhe more you mind your own business and focus on your own plan.. Stay Green
waiting to buy at level I want is different..because I buying with the assumption its going up.

Time will tell when this thing switch from bullish to bearish...so wait for time to tell...even if you caught the trend change a day late its better than selling a day early..IMO
LOCK IN RE-ENTER
  • #103,236
  • Mar 6, 2020 7:07am Mar 6, 2020 7:07am
Quoting mistaouting
{quote} waiting to buy at level I want is different..because I buying with the assumption its going up. Time will tell when this thing switch from bullish to bearish...so wait for time to tell...even if you caught the trend change a day late its better than selling a day early..IMO
Yeah, you are buying with the expectation that price will go up but then... what if it doesn't? Now that guy who you thought shouldn't sell makes more profit than he actually planned.. You see why it is unnecessary to tell people what not to do? Again my advice is don't mind what others do.. Focus on your own plans and let others do what is right for them..

*Meanwhile I quickly cashed in +15 pips from simply buying 1.1312 as I stated on my H1 analysis.. I don't want to keep longs for too long at these levels.. They will be hit and run trades..

Stay Green
Focus only on what truly matters!
  • #103,237
  • Mar 6, 2020 7:16am Mar 6, 2020 7:16am
Quoting Ata-Turkoglu
{quote} Yeah, you are buying with the expectation that price will go up but then... what if it doesn't? Now that guy who you thought shouldn't sell makes more profit than he actually planned.. You see why it is unnecessary to tell people what not to do? Again my advice is don't mind what others do.. Focus on your own plans and let others do what is right for them.. Stay Green

I wouldn't/haven't told/tell anyone when to buy or sell...but think its okay to share information and opinion. My opinion was that I think its crazy how much I have been hearing people saying they are shorting the past several days
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  • #103,238
  • Mar 6, 2020 7:21am Mar 6, 2020 7:21am
Quoting mistaouting
{quote} I wouldn't/haven't told/tell anyone when to buy or sell...but think its okay to share information and opinion. My opinion was that I think its crazy how much I have been hearing people saying they are shorting the past several days
I was one of them and I had my reasons and I am not crazy.. You still don't get it.. but is well..

We continue posting around EURUSD.. NFP numbers in 10 minutes..

Stay Green
Focus only on what truly matters!
  • #103,239
  • Mar 6, 2020 7:28am Mar 6, 2020 7:28am
Quoting Ata-Turkoglu
{quote} I was one of them and I had my reasons and I am not crazy.. You still don't get it.. but is well.. We continue posting around EURUSD.. Stay Green
all is well. thanks ata

apologize, didn't mean for anyone to think i was calling themcrazy just the idea of shorting days ago

I could see the logic behind shorting at the current moment!

I appreciate all your input and rely on it greatly Ata, thanks for take the time to share your knowledge
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  • #103,240
  • Mar 6, 2020 7:35am Mar 6, 2020 7:35am
Quoting Mitiblotch
First short scalp 1.1338. I still have another pending at 1.1360 area. Just in case. SL and TP open for now.
Hold this for however deep it falls. Will short each and every spike today!
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