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EURUSD

  • #1,170,981
  • May 28, 2020 8:44am May 28, 2020 8:44am
Quoting kuroro001
{quote} Sure, how do they trade then? teach us
They look at daily charts, support and resistance that’s it ! DONT GET ME WRONG divergence is great to trade ! Only at a key level to spot a possible reversal other then that always see the big picture
Master your mind. Master Trading.
  • #1,170,982
  • May 28, 2020 8:45am May 28, 2020 8:45am
Quoting newbegger
Been ringing the register all day long. Mostly longs but I did play one short. {image} 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
1.1027 has a tail from a hammer in July 2019 causing a pause in the uptrend. Looking for trade to slowly plow through this and continue up move today.
Attached Image (click to enlarge)
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Ecclesiastes 1:9
  • #1,170,983
  • May 28, 2020 8:45am May 28, 2020 8:45am
Banks definitely trade rounded to nearest 50 or 100 using S/R

Could never imagine them like - "YEAH GUYS LETS GET THIS TO 1.10673"....

LOL
You can lead a horse to water, but you can't make it drink
  • #1,170,984
  • May 28, 2020 8:49am May 28, 2020 8:49am
Quoting kuroro001
{quote} Sure, how do they trade then? teach us
They check where we put our SL and go slowly in this direction. When they took our money and that we think direction changed, and placed some order, they go the other direction to take out the other SL.
Simple
  • #1,170,985
  • May 28, 2020 8:51am May 28, 2020 8:51am
I believe this move up is all about eating stop losses. It's the market maker's dirty way of winning.
Learn from your mistakes and march on.
  • #1,170,986
  • May 28, 2020 8:53am May 28, 2020 8:53am
Quoting newbegger
{quote} 1.1027 has a tail from a hammer in July 2019 causing a pause in the uptrend. Looking for trade to slowly plow through this and continue up move today. {image}

Slowly?

I need this to finish off this top so that we can get back with the long term downtrend.

Will use this area to build up short positions.
You can lead a horse to water, but you can't make it drink
  • #1,170,987
  • May 28, 2020 8:58am May 28, 2020 8:58am
TP on longs...will wait for H4 before taking larger position but will scalp short here
in short at 1038 tp at 1000 depending on price action
LOCK IN RE-ENTER
  • #1,170,988
  • May 28, 2020 8:59am May 28, 2020 8:59am
Quoting princeali115
{quote} They look at daily charts, support and resistance that’s it ! DONT GET ME WRONG divergence is great to trade ! Only at a key level to spot a possible reversal other then that always see the big picture
Price is the only thing they care about. They have massive orders to fill. Therefore, they must manipulate in order to fill those orders. It doesn't always work out in their favor, of course, but most of the time it does. Hence they are called Market Makers.

As for the technical stuff, most of it is there only to deceive the retail trader into thinking he or she has an edge. They want the retail trader to think that way, because it is the pathway to pride which comes before a fall.
Learn from your mistakes and march on.
  • #1,170,989
  • May 28, 2020 9:03am May 28, 2020 9:03am
hrmm seeing if DXY can find support at 98.8
  • #1,170,990
  • May 28, 2020 9:04am May 28, 2020 9:04am
H= 1.10 41 ....Minimum upside target attained..... Time to exit my longs.....
  • #1,170,991
  • May 28, 2020 9:09am May 28, 2020 9:09am
bearish div on every tf, starting to add shorts here at 1.1038. Will add more as we go up
COT: The precious data ignored
  • #1,170,992
  • May 28, 2020 9:14am May 28, 2020 9:14am
DXY about to jump off support, good places to ladder in shorts imo
  • #1,170,993
  • May 28, 2020 9:15am May 28, 2020 9:15am
Quoting kuroro001
bearish div on every tf, starting to add shorts here at 1.1038. Will add more as we go up
Would you please clarify where do you see bearish divergence??
  • #1,170,994
  • May 28, 2020 9:16am May 28, 2020 9:16am
Quoting RedCable
{quote} Would you please clarify where do you see bearish divergence??
I use the ultimate oscillator indicator (check the h1/h4 tf)
COT: The precious data ignored
  • #1,170,995
  • May 28, 2020 9:16am May 28, 2020 9:16am
just closed my long with almost 40pips ..
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,170,996
  • May 28, 2020 9:17am May 28, 2020 9:17am
holding some underwater shorts, last bearish EURUSD scenario i'm considering is DXY finding support at 98.65, EUR hitting a missed daily pivot from 3/31 @ 1.106ish as a top. if those don't signal a reversal will close out my shorts.
  • #1,170,997
  • May 28, 2020 9:17am May 28, 2020 9:17am
Adding small piece 1.1047.

I'll wait now for h1 reversal candle.
COT: The precious data ignored
  • #1,170,998
  • May 28, 2020 9:22am May 28, 2020 9:22am
H= 1.10 49 Short here and again at 60 ...IF seen........
  • #1,170,999
  • May 28, 2020 9:35am May 28, 2020 9:35am
Quoting mistaouting
TP on longs...will wait for H4 before taking larger position but will scalp short here in short at 1038 tp at 1000 depending on price action
closed...bulls are still there!
LOCK IN RE-ENTER
  • #1,171,000
  • May 28, 2020 9:44am May 28, 2020 9:44am
Quoting neuron
holding some underwater shorts, last bearish EURUSD scenario i'm considering is DXY finding support at 98.65, EUR hitting a missed daily pivot from 3/31 @ 1.106ish as a top. if those don't signal a reversal will close out my shorts.
it's decision time!
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