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EURUSD

  • #1,170,901
  • May 27, 2020 9:42am May 27, 2020 9:42am
Some trade on 50USD acc.

Entry was complete BS for me. We can say it's great entry, but it is not. Still working on the sys. // I could trade the same amount three times. So yeah.

SF,,
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  • #1,170,902
  • May 27, 2020 9:50am May 27, 2020 9:50am
so waiting play this bigger fakeout. bettr now or 1.096 . target in mind 1.1149 +-
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,170,903
  • May 27, 2020 9:59am May 27, 2020 9:59am
Quoting princeali115
{quote} A cool tool to use is a currency strength meter
Indeed! A currency strength meter is one of the most important tools, especially for Day Traders.
Learn from your mistakes and march on.
  • #1,170,904
  • May 27, 2020 10:00am May 27, 2020 10:00am
I might be wrong...but this new top at 1.10 31 looks important in my eyes. Wavewise at least...
  • #1,170,905
  • May 27, 2020 10:10am May 27, 2020 10:10am
What is driving the EURUSD down?? Can anyone explain?? After the H4 closing above the 1.0990 resistance I thought it would finish the day above 1.1000 but it's falling like a rock !!!!
  • #1,170,906
  • May 27, 2020 10:14am May 27, 2020 10:14am
Quoting RedCable
What is driving the EURUSD down?? Can anyone explain?? After the H4 closing above the 1.0990 resistance I thought it would finish the day above 1.1000 but it's falling like a rock !!!!
Simply big banks chasing SL of people who bought recently, I suppose
  • #1,170,907
  • May 27, 2020 10:37am May 27, 2020 10:37am
@manuforex @herer2there , Thanks for replying.

Actually it's very puzzling to make reasoning for all moves !I am finding it difficult to understand that why should market make a total opposite move, without giving any price action hints??? How come a strong Momentum candle get engulfed by the next immediate candle with opposite momentum without any clue !!! Maybe I am missing something here.

I have some running buy positions which were opened above 1.0990 and now all are floating with loss, it's frustrating. Should I close it or hold it??
  • #1,170,908
  • May 27, 2020 10:46am May 27, 2020 10:46am
Quoting RedCable
@manuforex @herer2there , Thanks for replying. Actually it's very puzzling to make reasoning for all moves !I am finding it difficult to understand that why should market make a total opposite move, without giving any price action hints??? How come a strong Momentum candle get engulfed by the next immediate candle with opposite momentum without any clue !!! Maybe I am missing something here. I have some running buy positions which were opened above 1.0990 and now all are floating with loss, it's frustrating. Should I close it or hold it??
Don't worry abut minute details. Learn how to spot strong trading signals. I have already shown you one way to do that.

I am not even thinking about buying EURUSD at the moment.
Learn from your mistakes and march on.
  • #1,170,909
  • May 27, 2020 10:55am May 27, 2020 10:55am
EU is falling from profit taking, it is good to stay away now.

I will wait to see how it is going to look like, tomorrow at LO.

Another one thing to watch is the end of the Month, it is near!
Looking for profitable short term trades ...|
  • #1,170,910
  • May 27, 2020 11:03am May 27, 2020 11:03am
Been ringing the register all day long. Mostly longs but I did play one short.
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There is a lot of resistance in the 1.10 area so I continue to cash out and reload until it breaks. Probably no break today but a lot of big news tomorrow.

Price holding steady now as Beige Book coming up in 2 hours. I have longs at 1.0968, will hold them through the report as Beige Book usually not a fast mover but a steady push if it has any unexpected info.

Time to cut grass, and then watch it grow, until the news event.

Happy Trades
Ecclesiastes 1:9
  • #1,170,911
  • May 27, 2020 11:14am May 27, 2020 11:14am
Quoting VuLe
Not liking this move anymore... Exiting everything and reloading buy... The set up on 1h is really ugly. 1.0895— 1.0985 (90pip 3 lot) 1.0980 — 1.0985 (5pip 1 lot) looking to reload. Ufff edit* New buy entry order 1.0950... I can see a bounce there. Lets watch how it play out.

sad that my order wasn’t filled >.>!!! May have to re-enter here at 1.0980 for small lot to test this bull engine.
Trade what you see, take what the market gives you.
  • #1,170,912
  • May 27, 2020 11:21am May 27, 2020 11:21am
Quoting VuLe
{quote} sad that my order wasn’t filled >.>!!! May have to re-enter here at 1.0980 for small lot to test this bull engine.
I hate it when that happens! Sometimes it's only a matter of a few pips.

I have also seen the price I wanted get hit and I wouldn't get filled. That's even worse!

It would be good to have an EA to place a buy or sell market order at a specific price to avoid this.
Of course, the EA should have a maximum spread setting so you don't get screwed over on a high spread.
Learn from your mistakes and march on.
  • #1,170,913
  • May 27, 2020 11:22am May 27, 2020 11:22am
Quoting here2there
{quote} If price closes above the candle body (not the wick) on the U.S. Dollar Currency Index chart (see candle with arrow above it), then I will look for selling opportunities on EURUSD. If it closes below the candle body, then I will do the opposite. {image}
Thanks, appreciate your explanation.
  • #1,170,914
  • May 27, 2020 11:54am May 27, 2020 11:54am
I wonder how many swing traders longs switched to shorts
LOCK IN RE-ENTER
  • #1,170,915
  • May 27, 2020 12:04pm May 27, 2020 12:04pm
Looks like we have a higher low here
Master your mind. Master Trading.
  • #1,170,916
  • May 27, 2020 12:09pm May 27, 2020 12:09pm
Quoting mistaouting
I wonder how many swing traders longs switched to shorts
The most of the small traders will be buying this.
Looking for profitable short term trades ...|
  • #1,170,917
  • May 27, 2020 12:14pm May 27, 2020 12:14pm
Hi to all, this is my first comment here, hope i can help sharing ideas.

I think it´s possible a head and shoulders formation, let´s wait...near R 1.10000, it ´s a strong level. Plus the idea that Non commercials reduce their long positions.
  • #1,170,918
  • May 27, 2020 1:26pm May 27, 2020 1:26pm
Still think we might have seen the top..... I shorted at 1.10 08 and at 1.09 90 now. SL at 1.10 32

  • #1,170,919
  • May 27, 2020 2:15pm May 27, 2020 2:15pm
Pa daily
https://www.forexfactory.com/showthr...2#post12967142
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,170,920
  • May 27, 2020 2:26pm May 27, 2020 2:26pm
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yes yes yes
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