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  • #1,171,161
  • May 29, 2020 4:49am May 29, 2020 4:49am
It's always interesting to watch when a pair crosses from range to trend how many traders are caught catching the falling knife and trying to pick top/bottom. The one trader who said "buy euro in may" a few weeks ago was absolutely correct although in good tradition of markets to try and confuse everyone, it happened at the very end of the month.
  • #1,171,162
  • May 29, 2020 4:57am May 29, 2020 4:57am
Currently H= 1.11 38 ... i see it touching 50 very soon. Then American news at 8:30 and 5:00 EST. there must be a surprise waiting us there....
  • #1,171,163
  • May 29, 2020 4:59am May 29, 2020 4:59am
Quoting mades
It's always interesting to watch when a pair crosses from range to trend how many traders are caught catching the falling knife and trying to pick top/bottom. The one trader who said "buy euro in may" a few weeks ago was absolutely correct although in good tradition of markets to try and confuse everyone, it happened at the very end of the month.
It reminds my first trading years when I started questioning, how will I understand if, a market is going to stay in a range, or break...

I still can't find exactly where it is going to break, or turn, but I have improved by the Years.
Looking for profitable short term trades ...|
  • #1,171,164
  • May 29, 2020 5:03am May 29, 2020 5:03am
So far, so good. Buy position on EURUSD. Two supply zones up the blue rectangles.

On a monthly as I shared it previously, demand imbalance zone is respected and held the demand zone. Looks like EURUSD is in a bullish for a longer time. I think it will be bullish until US fixes their economy and numbers become more positive.

GBPJPY I have a sell position.

NZDCAD I have a buy position.

Trade safe.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDMonthly.png Size: 44 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 48 KB
Click to Enlarge Name: NZDCADDaily.png Size: 49 KB
  • #1,171,165
  • May 29, 2020 5:19am May 29, 2020 5:19am
Quoting princeali115
{quote} I agree eur is looking ready to push higher the monthly says it all
there it is. 30more pip and I will close out for this week profit 7.2k xD.. I hope you are still in xD...
I believe it can actually break 1.1165 as well. But I tp there. Dont want to sit for the weekend.
Trade what you see, take what the market gives you.
  • #1,171,166
  • Edited 6:09am May 29, 2020 5:54am | Edited 6:09am
Quoting gfx2020
{quote} Please do not try pick tops or bottoms on such market reversals...It would still be a retracement for a long term uptrend i believe. I don't want to pick tops here, I don't want to loose my shirts...wait..wait..wait...(Only my request)...It's upto you what u do with your money/account., {image}
G'day gfx2020 all positive criticism appreciated. It's not a "top" of the swing according to my plan. I trade swings and currently we are still on a bear swing (4hr) and I was entering at a the "top" of the correction (eg. 61.8%-78.6% fib). PA may very well break the top of the swing to become a bull swing where I will change my expectation and be looking to trade the bottom of the next correction. I lost this trade, its just the way the cookie crumbles. Next trade.

Cheers, Matt.
As the lights go by so too do the shadows move
  • #1,171,167
  • May 29, 2020 5:55am May 29, 2020 5:55am
next target would be 1.1180
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,171,168
  • May 29, 2020 6:12am May 29, 2020 6:12am
Quoting SilentFather
I will recommend sell on high. Most people are selling now, which is wrong. But buying now is also bad idea. So wait wait wait.. SF {image}
Hi, here is future.. Good to buy, sadly did not saw it when happened.

SF
Attached Image (click to enlarge)
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  • #1,171,169
  • May 29, 2020 6:20am May 29, 2020 6:20am
Quoting Matts Micro
{quote} G'day gfx2020 all positive criticism appreciated. It's not a "top" of the swing according to my plan. I trade swings and currently we are still on a bear swing (4hr) and I was entering at a the "top" of the correction (eg. 61.8%-78.6% fib). PA may very well break the top of the swing to become a bull swing where I will change my expectation and be looking to trade the bottom of the next correction. I lost this trade, its just the way the cookie crumbles. Next trade. Cheers, Matt.
ok, fair enough...
  • #1,171,170
  • May 29, 2020 6:47am May 29, 2020 6:47am
Quoting VuLe
{quote} there it is. 30more pip and I will close out for this week profit 7.2k xD.. I hope you are still in xD... I believe it can actually break 1.1165 as well. But I tp there. Dont want to sit for the weekend.
No I got out yesterday I try to avoid over trading and happy with my week. You did a great job brother well done man!
Master your mind. Master Trading.
  • #1,171,171
  • May 29, 2020 6:52am May 29, 2020 6:52am
FED decided to shutup regarding SNB manipulating the market BUT Trump will fuel risk aversion and EU will fall 100+pips.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,171,172
  • Edited 7:07am May 29, 2020 6:52am | Edited 7:07am
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}
Time to take some profit. We have reached the level where you would expect strong resistance, and it's Friday and end of May. Keep your longs long but ring the register on part of the trade for some pocket cash.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 67 KB

If you want to venture into the scalping arena, best to keep your shorts short.
Ecclesiastes 1:9
  • #1,171,173
  • May 29, 2020 6:56am May 29, 2020 6:56am
oops
time to tp
Attached Image(s) (click to enlarge)
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Holy grail, pls pm
  • #1,171,174
  • May 29, 2020 6:57am May 29, 2020 6:57am
My view of the current market.
it is taking a break probably people are taking their profit. But I believe month will close with new high. Powell is speaking and Trump trying to make a deal with China.

“High” chance that there will be a spike on both side to kill Stop Loss people and people who scalps.
my only warning is stayout or watch carefully and buy Dips.

That is my view. Not claiming that “it will” but there is a “high” chance.

GL

Edit* I am still holding from 1.1055 and my sl will be close manually by me as I am watching closely.
Trade what you see, take what the market gives you.
  • #1,171,175
  • May 29, 2020 7:09am May 29, 2020 7:09am
hrmm there may be potential for a little more upside on EUR as DXY heads towards support
  • #1,171,176
  • May 29, 2020 7:22am May 29, 2020 7:22am
Quoting neuron
hrmm there may be potential for a little more upside on EUR as DXY heads towards support
yeahh

just see that inserting into resistance zone.

thanks,
Holy grail, pls pm
  • #1,171,177
  • May 29, 2020 7:36am May 29, 2020 7:36am
Quoting princeali115
{quote} No I got out yesterday I try to avoid over trading and happy with my week. You did a great job brother well done man!
Honestly I exited eu on 1.1136.... But I cant stop here! I WENT BUY UC 1.3725 because I do news trading lol. Sort of afraid of US spike so Ima close out on UC trading before powell and trump and call it a week.
Trade what you see, take what the market gives you.
  • #1,171,178
  • May 29, 2020 8:18am May 29, 2020 8:18am
Fuh(sweating) my trade just survived few pips away from today's high. Beware guys today js Daily Weekly and Monthly closing together
Fundamental provide Volume, Technical shows Direction
  • #1,171,179
  • May 29, 2020 8:24am May 29, 2020 8:24am
Closed my GBPJPY sell with a profit and EURUSD buy with a profit. If there is any pullbacks i will be looking to re-enter, either way, whatever opportunities come, i will buy/sell. I have my NZDCAD buy position still open, if that hits a stop loss, overall i will still be in profit. Either way, have a good weekend. Trade safe.
  • #1,171,180
  • May 29, 2020 8:32am May 29, 2020 8:32am
Quoting LucasT
Fuh(sweating) my trade just survived few pips away from today's high. Beware guys today js Daily Weekly and Monthly closing together
hopefully we are still up
Work Hard In Silence, Let Your Success Be Your Noise.
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