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EURUSD

  • #1,167,461
  • Apr 27, 2020 7:32am Apr 27, 2020 7:32am
M5 range
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  • #1,167,462
  • Apr 27, 2020 7:43am Apr 27, 2020 7:43am
Gold daily long and will stay long,H4 can be short sometimes ,but globally still long in daily chart this is not about coronavirus this is technically.
  • #1,167,463
  • Apr 27, 2020 8:10am Apr 27, 2020 8:10am
out the short at 1.0835
  • #1,167,464
  • Apr 27, 2020 8:19am Apr 27, 2020 8:19am
How today's Daily candle closes is significant. If it doesn't close above 1.08281, then it is likely bears will regain control and take EURUSD lower. If it closes above it, then bulls should have the advantage for a time.

It's important to keep in mind that USD is still stronger than the Euro. It's also important to keep in mind what I told all of you in a much earlier comment concerning massive buy orders sitting at 1.03.
Learn from your mistakes and march on.
  • #1,167,465
  • Apr 27, 2020 8:37am Apr 27, 2020 8:37am
you can wait 1.03 very long time.lets say buy border eur 1.0805 h4 .buy border eur daily-1.0880.after it daily in buy zone eur and eur goes there
  • #1,167,466
  • Apr 27, 2020 8:39am Apr 27, 2020 8:39am
Quoting viktoriaxz
you can wait 1.03 very long time
The point is if there is an abundance of buy orders at 1.03, and those orders have been sitting there for some time, then there is a high probability we can expect lower prices. It's not about waiting for 1.03. It's about gauging the ultimate direction of the market. It would do you well to learn about Order Flow.
Learn from your mistakes and march on.
  • #1,167,467
  • Apr 27, 2020 8:47am Apr 27, 2020 8:47am
Bearish move for EURUSD and GBPUSD is over. Now it is a battle. But it will go up. Once it goes up to about 1.10xx it should come down again. But it is turning bullish and down move is over. Trade safe.
  • #1,167,468
  • Apr 27, 2020 8:47am Apr 27, 2020 8:47am
If the 4HR candle closes below 1.08333, then I wouldn't want to have any buy trades open. I will be looking to sell on a pullback.
Learn from your mistakes and march on.
  • #1,167,469
  • Apr 27, 2020 8:50am Apr 27, 2020 8:50am
Quoting Techanalyst
Bearish move for EURUSD and GBPUSD is over. Now it is a battle. But it will go up. Once it goes up to about 1.10xx it should come down again. But it is turning bullish and down move is over. Trade safe.
I hope you are right. But it's starting to look like bears are regaining control. We need to be on guard and prepare for the worst.
Learn from your mistakes and march on.
  • #1,167,470
  • Apr 27, 2020 8:54am Apr 27, 2020 8:54am
Quoting here2there
{quote} I hope you are right. But it's starting to look like bears are regaining control. We need to be on guard and prepare for the worst.
I think building positions to trick sellers so they can knock out their stop losses.
  • #1,167,471
  • Apr 27, 2020 9:05am Apr 27, 2020 9:05am
the range is broken 0812 is quite sure now
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  • #1,167,472
  • Apr 27, 2020 9:09am Apr 27, 2020 9:09am
I can tell you if eur went to buy zone h4- 1.0805,it never returns to short.can be even 1.0790 but it go long again.
  • #1,167,473
  • Apr 27, 2020 9:12am Apr 27, 2020 9:12am
Quoting here2there
{quote} I hope you are right. But it's starting to look like bears are regaining control. We need to be on guard and prepare for the worst.
never bet on bulls
thats number 1 rule in fx.
  • #1,167,474
  • Apr 27, 2020 9:12am Apr 27, 2020 9:12am
Quoting Techanalyst
{quote} I think building positions to trick sellers so they can knock out their stop losses.
Maybe. But most traders don't look at the Order Book. Most traders haven't a clue what they are doing.

I have a buy position open and just opened a short position (hedging). I opened the short position because it is looking like bears are regaining control. Either way, I will win. Hedging can be tricky, but it can also be highly profitable when one knows how to use it.
Learn from your mistakes and march on.
  • #1,167,475
  • Apr 27, 2020 9:14am Apr 27, 2020 9:14am
Quoting viktoriaxz
I can tell you if eur went to buy zone h4- 1.0805,it never returns to short.can be even 1.0790 but it go long again.
Agreed . H4 is bullish
  • #1,167,476
  • Apr 27, 2020 9:18am Apr 27, 2020 9:18am
Quoting pridolfx
{quote} never bet on bulls thats number 1 rule in fx.
No it's not.
  • #1,167,477
  • Apr 27, 2020 9:21am Apr 27, 2020 9:21am
Hi. New to forum have some moderate experience with different strategies on tech/chart trading. Trading H4, short, bounce of 50ma.. 1st target new low. Will watch closer on H1, so pull
  • #1,167,478
  • Apr 27, 2020 9:26am Apr 27, 2020 9:26am
Quoting PatienceFx
{quote} 820 / 811 to decide exit or stay {image}
took an entire day to collect something useful, missed sl by 2 pips lol
  • #1,167,479
  • Apr 27, 2020 9:31am Apr 27, 2020 9:31am
Quoting Techanalyst
{quote} No it's not.
when loosing it easy to blame the horse you put your money on
  • #1,167,480
  • Apr 27, 2020 9:42am Apr 27, 2020 9:42am
I closed out my short hedge to cover my long position. When the 4HR closes, I will assess the candle. Should I decide to open a short (likely), I will set a sell limit order at 1.08317 (and close my long position) with a take profit at 1.077.
Learn from your mistakes and march on.
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