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  • #1,175,401
  • Jul 20, 2020 11:06am Jul 20, 2020 11:06am
EURUSD can't decide what to do next, I think it is going to drop more, but the trend is up, so I wait for a good break first, below 1.1400 the next support is 1.1350 a good target for day trading.
From the other it must take out 1.1450 first, if it wants to have some probabilities to break todays resistance and it looks easier, but any new from the European meeting should weight for it negative.
Looking for profitable short term trades ...|
  • #1,175,402
  • Jul 20, 2020 11:10am Jul 20, 2020 11:10am
Quoting briancollins
{quote} Been watching your trades. U always hv a perfect call with ur bb strategy. D only problem I noticed about ur setup is that ranging market messes it up. Because you keep adding trade to a winning trade. In a trending market, that's a perfect strategy. Consider buying lows nd selling highs of your strategy. I made a personal ea (Semi Auto cos I need to guide it) that hv saved my ass.
good point! Something to consider!
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  • #1,175,403
  • Jul 20, 2020 11:22am Jul 20, 2020 11:22am
Euro, euro zone bond markets hold out hope for recovery fund; stocks higher https://watdouc.blogspot.com/2020/07...d-out.html?m=1
  • #1,175,404
  • Jul 20, 2020 11:25am Jul 20, 2020 11:25am
Quoting mistaouting
guess ill wait around until 12:30:man_shrugging_type_4:
could be a H&S on the 4h tf
edit: of course that if price comes back down to support and breaks through!

EDIT: Correction thats on the 1h tf
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  • #1,175,405
  • Jul 20, 2020 11:28am Jul 20, 2020 11:28am
Quoting briancollins
{quote} Been watching your trades. U always hv a perfect call with ur bb strategy. D only problem I noticed about ur setup is that ranging market messes it up. Because you keep adding trade to a winning trade. In a trending market, that's a perfect strategy. Consider buying lows nd selling highs of your strategy. I made a personal ea (Semi Auto cos I need to guide it) that hv saved my ass.
I know right!! Lol. So this is my view of the week.
1.15xx-1.16xx

As long as it is above a certain support level I have based upon. I look to add buys only. No matter how far down it goes, as long as its above that level, I am adding buys. And it is small buys on top of my big ones. Eventually it should break through and reaches there. Either that, or I exit with a lost below 1.1400. Which is 30-40pip risk for a 120-200pip ratio.

I use to just trade all in 4 lot.. then I learn to cut it down to .5 lot.. now Im doing 1lot/1lot and then bunch of .10 lots..
Trade what you see, take what the market gives you.
  • #1,175,406
  • Jul 20, 2020 11:34am Jul 20, 2020 11:34am
Trying short. SL 11 points.
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  • #1,175,407
  • Jul 20, 2020 11:40am Jul 20, 2020 11:40am
Quoting VuLe
{quote} I know right!! Lol. So this is my view of the week. 1.15xx-1.16xx As long as it is above a certain support level I have based upon. I look to add buys only. No matter how far down it goes, as long as its above that level, I am adding buys. And it is small buys on top of my big ones. Eventually it should break through and reaches there. Either that, or I exit with a lost below 1.1400. Which is 30-40pip risk for a 120-200pip ratio. I use to just trade all in 4 lot.. then I learn to cut it down to .5 lot.. now Im doing 1lot/1lot and then bunch...
I hv same view too but, luking @ PA d bulls re loosing momentum (1.1450 - 1.1475 still holding)

Remember d big Resistance at 1.1495 - 1.1500.

My opinion: This market may go below 1.1400 (1.1350 support) b4 going norh..
I am patiently waiting 2 re enter at a cheaper price.

Am trying 2 hard 2 grasp ur bb system.
Is amazing.
  • #1,175,408
  • Jul 20, 2020 11:53am Jul 20, 2020 11:53am
so im guessing talks/potential for another US aid package "could" counter EU aid package in regards to Fx strength

EDIT: it seems from some headlines that they have come to an agreement on a deal but large spikes on on euro....
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  • #1,175,409
  • Jul 20, 2020 12:09pm Jul 20, 2020 12:09pm
clear some pips gave some back....
will watch 1440-50 and 1430-20

will probably put a buy order at 1450 and a sell at 1420
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  • #1,175,410
  • Jul 20, 2020 12:11pm Jul 20, 2020 12:11pm
Quoting briancollins
{quote} I hv same view too but, luking @ PA d bulls re loosing momentum (1.1450 - 1.1475 still holding) Remember d big Resistance at 1.1495 - 1.1500. My opinion: This market may go below 1.1400 (1.1350 support) b4 going norh.. I am patiently waiting 2 re enter at a cheaper price. Am trying 2 hard 2 grasp ur bb system. Is amazing.
This is my range level as of now.
1.1400-1.1468... my vision was 1.154x and then pull back around 1.1490 tuen a run up to 1.16xx...
but it stopped at 1.1468... I added long above my entrees at 1.142x but it is .10... however I did add some more at 1.1410 area as well. Its fine by me as long as it dont break 1.1400.

yes, I made bad choice of adding mini buys a bit higher when I should have waited for 1.1410 retested.
Trade what you see, take what the market gives you.
  • #1,175,411
  • Jul 20, 2020 12:29pm Jul 20, 2020 12:29pm
Quoting Raivcha
Trying short. SL 11 points. {image}
-6 here
  • #1,175,412
  • Edited 12:49pm Jul 20, 2020 12:38pm | Edited 12:49pm
Quoting Raivcha
Trying short. SL 11 points. {image}
why would your sl be near a resistant. Seems like 1.1445 could easily be filled. :O.


edit* I think I should exit. Brought my BE up to 1.1429 on a 3.5 lot seems horrific. Looks like I can buy lower than that. Anyone thoughts?? Or should I just hold it.
Trade what you see, take what the market gives you.
  • #1,175,413
  • Jul 20, 2020 12:57pm Jul 20, 2020 12:57pm
Hello everyone. How do you think the news from the meeting of the European Union will affect, for 390 billion in grants and 310 billion in loans. This, of course, is still just a rumor, but tonight is expected to be official.
  • #1,175,414
  • Jul 20, 2020 1:08pm Jul 20, 2020 1:08pm
AUDJPY bullish.

GBPJPY bullish.
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  • #1,175,415
  • Jul 20, 2020 1:23pm Jul 20, 2020 1:23pm
Quoting VuLe
{quote} I know right!! Lol. So this is my view of the week. 1.15xx-1.16xx As long as it is above a certain support level I have based upon. I look to add buys only. No matter how far down it goes, as long as its above that level, I am adding buys. And it is small buys on top of my big ones. Eventually it should break through and reaches there. Either that, or I exit with a lost below 1.1400. Which is 30-40pip risk for a 120-200pip ratio. I use to just trade all in 4 lot.. then I learn to cut it down to .5 lot.. now Im doing 1lot/1lot and then bunch...
Started noticing my trades ended in profit more often than not when I applied the same method, not being kicked out on pullbacks was the goal. Larger lots give more reward but create more mental friction when the pull backs happen. It could spike and kick you out OR the market just says NO, NUH-UH, NOPE.
I prefer less stress.
This method allows your idea to play out while you have skin in the game, creating the seriousness emotion of the trade while comfortably adding positions as your idea retraces from the pullback, becomes validated candle after candle and zone after zone -ultimately back into multiple positions running in profit.
On the flip side, if the trade goes against your directional bias and kills your idea, you only loose crumbs compared to loosing bricks.
First they ask WHY you're wasting your time, then they ask HOW you did it!?
  • #1,175,416
  • Jul 20, 2020 1:38pm Jul 20, 2020 1:38pm
Quoting VuLe
{quote} why would your sl be near a resistant. Seems like 1.1445 could easily be filled. :O. edit* I think I should exit. Brought my BE up to 1.1429 on a 3.5 lot seems horrific. Looks like I can buy lower than that. Anyone thoughts?? Or should I just hold it.
I am newbie learning.

May I ask? Do big moves happen during night (21:37 now)? Or most likely no?
  • #1,175,417
  • Jul 20, 2020 1:46pm Jul 20, 2020 1:46pm
Quoting Raivcha
{quote} I am newbie learning. May I ask? Do big moves happen during night (21:37 now)? Or most likely no?
i believe from now until know are more like scalping hours. And during asia session, you have heavy scalpers and fake spikes here and there. Currently I am going to hold my trades towards eu session.
Got 2hr 10min until the next daily and 4h candle appear. And I will see how it looks.
Trade what you see, take what the market gives you.
  • #1,175,418
  • Jul 20, 2020 2:17pm Jul 20, 2020 2:17pm
Quoting OhComeOn
I do not know about anyone else, but I am watching to long EURCHF. Looking really interesting on 4H, guess we will see what happens after the weekend. Not touching it today, and that is simply because it is "Screw You Friday", during the NY session any way. I have already been asked multiple times by my wife yesterday to go shopping this weekend. At this moment, I give her the look and remember my BBQ pits last moments and I tell her that I have not forgotten the cruel thing she did with her vehicle. NOW, for payback this WEEKEND!! RARRRRRRRRRR(Animal...
Welllllll, apparently when you cut your wife off from something they want, they cut you off from something you want that they have. LOL The issue has been resolved, she has agreed to buy me another BBQ Pit with my money! LOL
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,175,419
  • Jul 20, 2020 5:17pm Jul 20, 2020 5:17pm
Quoting OhComeOn
{quote} Welllllll, apparently when you cut your wife off from something they want, they cut you off from something you want that they have. LOL The issue has been resolved, she has agreed to buy me another BBQ Pit with my money! LOL
They will never loose
  • #1,175,420
  • Jul 20, 2020 5:20pm Jul 20, 2020 5:20pm
Quoting VuLe
{quote} i believe from now until know are more like scalping hours. And during asia session, you have heavy scalpers and fake spikes here and there. Currently I am going to hold my trades towards eu session. Got 2hr 10min until the next daily and 4h candle appear. And I will see how it looks.
M beginning to think that d pullback might not b as expected.

Holding your longs is definitely d ryt call.
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