EURUSD | Page 58649 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,172,961
  • Jun 18, 2020 5:11pm Jun 18, 2020 5:11pm
Quoting LDFX
{quote} We don’t want you to lie Best would be to wait for previous bearish candle break, but even though it seems to me like a bullish inside bar on H4, ht given the low ATR of this candle I have a buy stop order 1 pip above last bearish candle. Early bird catches the worm, only way to get a high r:r return, by anticipating.
the thing is, I am already in at 1.1190 for bull xD... I am considering the 4h candle as a way to tell me, when its time to cut your loss... cut your loss. XD. But I think I got a decent price in. That being said.. all eyes on PC tonight xD. Idc if I have to stay up.
Trade what you see, take what the market gives you.
  • #1,172,962
  • Jun 18, 2020 5:14pm Jun 18, 2020 5:14pm
Quoting VuLe
{quote} Every bounce counts... from here down there are is only free fall looking from 5min/30min/1h/4h... but it has to break through the big daily candle which happen to sit at 1.1190.. tonight will probably decide how eu is going to go. I want to buy at the cheapest price and sometime it can be pricey. everything is by probability. If I am wrong, again, I will cut my loss.
every bounce counts

i hope your right, im on side of trade
LOCK IN RE-ENTER
  • #1,172,963
  • Jun 18, 2020 5:33pm Jun 18, 2020 5:33pm
Quoting VuLe
{quote} the thing is, I am already in at 1.1190 for bull xD... I am considering the 4h candle as a way to tell me, when its time to cut your loss... cut your loss. XD. But I think I got a decent price in. That being said.. all eyes on PC tonight xD. Idc if I have to stay up.
I got in too late
1.1200.
Tomorrow is Friday, i hv dis strategy to go against d trend on Friday's, especially when dre is Strong Support or resistance. And signs of price weakness.

Today checks dem all.(Though we re only trending south in short term.)
  • #1,172,964
  • Jun 18, 2020 6:13pm Jun 18, 2020 6:13pm
Quoting mistaouting
{quote} the continuation "should be" a similar bullish move as the days before the formation of the flag and that was a few days of green candles....you want miss much waiting for conformation in price breaking out of the channel because it could very well not break out and or go south I could understand buying at the bottom as well with a stop loss in place if price breaks out south....I don't agree with being to late if you waited for conformation ''IF" it was a bull flag...typically you would wait for a break out to enter EDIT: because it very...

As you very well said, and I understand and respect that.

But in order to be successful you need to have a high r:r ratio, once the “continuation “ as occurred it is already to late to get in, because you are gonna face big negative excursion at the break, which is where all institutions are shorting because of the volume, therefore you are gonna need a bigger stop loss than I do while I will be already at 3 times my risk in profit, and if you are lucky price will go your way afterwards but for how much r:r ?

I will obviously be wrong many times but it’s only relative to the reward, as I have said before the key in trading is the anticipation, not buying at the top of a bullish trend where all the dumb money is and all the smart money are shorting, but buy on a realative downtrend at a pullback on a bullish trend where all the smart money is...
LDFX Trading Ltd
  • #1,172,965
  • Jun 18, 2020 6:17pm Jun 18, 2020 6:17pm
closed longs just over breakeven....not feeling it. Will wait to see where market goes
LOCK IN RE-ENTER
  • #1,172,966
  • Jun 18, 2020 6:20pm Jun 18, 2020 6:20pm
Quoting VuLe
{quote} Every bounce counts... from here down there are is only free fall looking from 5min/30min/1h/4h... but it has to break through the big daily candle which happen to sit at 1.1190.. tonight will probably decide how eu is going to go. I want to buy at the cheapest price and sometime it can be pricey. everything is by probability. If I am wrong, again, I will cut my loss.

It is exactly when you should look for a buy.

Trend is very bullish, the more low we have, the more dumb money is pulling shorts, it is exactly where the hedge funds buy because they have so much orders to pass that they will buy when more sellers only otherwise too much slippage would occur.

This can easily be spotted by support/resistance and like a bouncing ball that is bouncing less and less lower (lowers low not getting lower in excursion)
LDFX Trading Ltd
  • #1,172,967
  • Jun 18, 2020 6:33pm Jun 18, 2020 6:33pm
Quoting mistaouting
{quote} the continuation "should be" a similar bullish move as the days before the formation of the flag and that was a few days of green candles....you want miss much waiting for conformation in price breaking out of the channel because it could very well not break out and or go south I could understand buying at the bottom as well with a stop loss in place if price breaks out south....I don't agree with being to late if you waited for conformation ''IF" it was a bull flag...typically you would wait for a break out to enter EDIT: because it very...
everything is play by probability... No strategy is guarantee read ever. Buying low and selling high. Like you said, it could very well continue to go down. Let say if you sell here though, When its already been going down and then it actually bounces.. then you would be selling lowest which is pain. I think that is what LDFX is trying to say. Either way. We all just have different analysis that Plays a different % of success. Just take each other’s into consideration and have SL or keep an eye on it and we’ll be okay.
Trade what you see, take what the market gives you.
  • #1,172,968
  • Jun 18, 2020 6:43pm Jun 18, 2020 6:43pm
Quoting LDFX
{quote} As you very well said, and I understand and respect that. But in order to be successful you need to have a high r:r ratio, once the “continuation “ as occurred it is already to late to get in, because you are gonna face big negative excursion at the break, which is where all institutions are shorting because of the volume, therefore you are gonna need a bigger stop loss than I do while I will be already at 3 times my risk in profit, and if you are lucky price will go your way afterwards but for how much r:r ? I will obviously be wrong many...
The higher the better more money....but should be fitting to price action and your risk management…setting a TP that's beyond a level price will reach before going against you and wiping out profits you could have had or even getting stopped out.

Its not a continuation until it continues....

As I said I get what your saying but you don't have to be the first to the party....just want to make sure you went to the correct address...
IMO its risker entering now if your calling it a bull flag on the daily.....but more risk more reward or loss.

If I didn't want to sit at my computer or wake up for the London session I would put an OCO order for a buy just above the channel and a sell just below the channel.

Quoting VuLe
{quote} everything is play by probability... No strategy is guarantee read ever. Buying low and selling high. Like you said, it could very well continue to go down. Let say if you sell here though, When its already been going down and then it actually bounces.. then you would be selling lowest which is pain. I think that is what LDFX is trying to say. Either way. We all just have different analysis that Plays a different % of success. Just take each other’s into consideration and have SL or keep an eye on it and we’ll be okay.
I think we agreed on analysis....we both see a bull flag on day chart....we have difference on when to enter trade....for me that's just speaking on entering if your trading it as its a bull flag.
LOCK IN RE-ENTER
  • #1,172,969
  • Jun 18, 2020 7:17pm Jun 18, 2020 7:17pm
Quoting VuLe
{quote} everything is play by probability... No strategy is guarantee read ever. Buying low and selling high. Like you said, it could very well continue to go down. Let say if you sell here though, When its already been going down and then it actually bounces.. then you would be selling lowest which is pain. I think that is what LDFX is trying to say. Either way. We all just have different analysis that Plays a different % of success. Just take each other’s into consideration and have SL or keep an eye on it and we’ll be okay.
VuLe Are you Vietnamese . Do you live in TX
  • #1,172,970
  • Jun 18, 2020 8:40pm Jun 18, 2020 8:40pm
Quoting mistaouting
{quote} The higher the better more money....but should be fitting to price action and your risk management…setting a TP that's beyond a level price will reach before going against you and wiping out profits you could have had or even getting stopped out. Its not a continuation until it continues.... As I said I get what your saying but you don't have to be the first to the party....just want to make sure you went to the correct address... IMO its risker entering now if your calling it a bull flag on the daily.....but more risk more reward or loss....
very much agree. Where is your entree level on the bounce?? Yeah, I enter very different from many people on here. Seems like my level could be broken easily. Only time will tell. But as it closer to Euro Session, I may have sl set at BE if needed. Other than that, I am still trying to figure where it will drop to if it breaks 1.1190.... I see a couple of people saying 1.1120 1.0980.. not so sure about the 1.0980 though.
Trade what you see, take what the market gives you.
  • #1,172,971
  • Jun 18, 2020 8:41pm Jun 18, 2020 8:41pm
Quoting BeeForex39
{quote} VuLe Are you Vietnamese . Do you live in TX
I do not, I live in Georgia.
Trade what you see, take what the market gives you.
  • #1,172,972
  • Jun 18, 2020 8:44pm Jun 18, 2020 8:44pm
Quoting JeForceX
Head & Shoulders chart pattern appears to be forming on the H4 timeframe. If the pattern is confirmed, there is a possibility that market could move further south and look to re-test the 1.12000 level. {image}
With reference to my previous technical analysis, market appears to have traded lower and is currently re-testing the 1.12000 support zone.

If market sentiment remains bearish, there is a possibility for price to break below the current support zone and target the next area of interest near 1.11000.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-international-capital-markets.png Size: 67 KB
Trade What You See; Think in Probabilities;
  • #1,172,973
  • Jun 18, 2020 8:46pm Jun 18, 2020 8:46pm
Quoting VuLe
{quote} Any levels as to where it will go if it is bearish??
Here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 42 KB
Click to Enlarge Name: GBPJPYDaily.png Size: 45 KB
  • #1,172,974
  • Jun 18, 2020 9:10pm Jun 18, 2020 9:10pm
Quoting VuLe
{quote} very much agree. Where is your entree level on the bounce?? Yeah, I enter very different from many people on here. Seems like my level could be broken easily. Only time will tell. But as it closer to Euro Session, I may have sl set at BE if needed. Other than that, I am still trying to figure where it will drop to if it breaks 1.1190.... I see a couple of people saying 1.1120 1.0980.. not so sure about the 1.0980 though.
I think you got a great entry with that 1190 wow...

last order for me was 1205, close all positions a while ago....I will watch price action through the night....I want be convinced until I see higher highs carry over from the H1 to H4

Plus watching equity markets hoping to get a feel on sentiment (Nikkei and Hang Seng seem to be selling off, just slightly now)....I would and think others would also be reluctant to carry risk over weekend so buying might be limited and selling might prevail....but then you also have EU meeting and I feel like money waiting on sideline to hear verdict or sentiment from the EU on stimulus; if they agree i think it break out north and if they don't it may break out south...if they give no news still may get a little sell off to dump risk and interest over weekend for retail

So long story short I'm undecided at the moment, leaning toward buying but want the market with me. digesting a lot and watching
LOCK IN RE-ENTER
  • #1,172,975
  • Jun 18, 2020 10:20pm Jun 18, 2020 10:20pm
Adding more long.. I know have 4 open.
Only an idiot knows with certainty to where the market is going.
  • #1,172,976
  • Jun 18, 2020 10:59pm Jun 18, 2020 10:59pm
Quoting mistaouting
{quote} I think you got a great entry with that 1190 wow... last order for me was 1205, close all positions a while ago....I will watch price action through the night....I want be convinced until I see higher highs carry over from the H1 to H4 Plus watching equity markets hoping to get a feel on sentiment (Nikkei and Hang Seng seem to be selling off, just slightly now)....I would and think others would also be reluctant to carry risk over weekend so buying might be limited and selling might prevail....but then you also have EU meeting and I feel...
It seems great for scalping.. can never be great until the market really takes off, but I am taking precaution for the next step.

since I am buying and if it runs north then good. But if it breaks against me... then what?
still trying to see how much it’ll run. Trying to set a back up plan... if it does break I think the last stop would be 1.1165... which is my second entree(could be my first if my current position is set to BE).
That being said I know how you feel being indecisive. Honestly it really could go either way. I am just going to keep it simple and let my analysis do its thing. News will push it to where it needs to go whether its lower low or retesting highs.
Ima take a 2hr power nap and be back. Gl guys!
Trade what you see, take what the market gives you.
  • #1,172,977
  • Jun 18, 2020 11:09pm Jun 18, 2020 11:09pm
Quoting VuLe
{quote} It seems great for scalping.. can never be great until the market really takes off, but I am taking precaution for the next step. since I am buying and if it runs north then good. But if it breaks against me... then what? still trying to see how much it’ll run. Trying to set a back up plan... if it does break I think the last stop would be 1.1165... which is my second entree(could be my first if my current position is set to BE). That being said I know how you feel being indecisive. Honestly it really could go either way. I am just going...
I don't think there will be big movement going to happen till market close. So you can sleep longer. When you wake up, price is still there, just a few pips up.
Only an idiot knows with certainty to where the market is going.
  • #1,172,978
  • Jun 18, 2020 11:12pm Jun 18, 2020 11:12pm
Quoting VuLe
{quote} It seems great for scalping.. can never be great until the market really takes off, but I am taking precaution for the next step. since I am buying and if it runs north then good. But if it breaks against me... then what? still trying to see how much it’ll run. Trying to set a back up plan... if it does break I think the last stop would be 1.1165... which is my second entree(could be my first if my current position is set to BE). That being said I know how you feel being indecisive. Honestly it really could go either way. I am just going...
plan your trades on daily/weekly execfute them on h4/h1
  • #1,172,979
  • Jun 19, 2020 1:07am Jun 19, 2020 1:07am
Morning Everyone,

today’s close must be observed.. if we close anything below 1.12121, then 1.03 is on chart..

if bulls must continue, we should be using the above handle as support..

StaySafe
  • #1,172,980
  • Jun 19, 2020 1:15am Jun 19, 2020 1:15am
Because of the lot size, i did not bother placing any stop ; my trade from yesterday is still open
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 26 KB
1,583 traders viewing now, 1 is registered:
aaa88