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  • #117,861
  • Nov 4, 2020 8:29am Nov 4, 2020 8:29am
Quoting Ata-Turkoglu
{quote} Closing 2nd scalper sell with +15 pips.. 1st order is still active.. Stops adjusted to a little above 1.1744.. Stay Green
Melted away my drawdown of 1st trade with several scalper shorts and just closed my 1st sell order here at 1.1693 with a bonus +10 pips.. Overall profits of 3 scalper short trades during drawdown and final profit from main trade sums up to +48 pips.. Will stay on sidelines for a while until I detect new short opportunities..

Stay Green
Focus only on what truly matters!
  • #117,862
  • Nov 4, 2020 8:45am Nov 4, 2020 8:45am
Quoting Ata-Turkoglu
{quote} Yes if bears win this round it might drop a little further towards 1.1660/66 area but eventually there should be some supportive price action.. Then we will watch to see if that area holds or not.. Stay Green
Esa área 1.1666 se tiene que romper con la fe y más con el poder del oso. Jajajaja

A tener paciencia y ver en que área hay un rechazo, gracias mi estimado por la info y a seguir operando con seguridad.
  • #117,863
  • Nov 4, 2020 8:50am Nov 4, 2020 8:50am
Marking 1.1712/22 as nearest resistance on M15..

Stay Green
Focus only on what truly matters!
  • #117,864
  • Nov 4, 2020 9:03am Nov 4, 2020 9:03am
Just sold 1.1717... Stops should go a little above 1.1733..

Stay Green
Focus only on what truly matters!
  • #117,865
  • Nov 4, 2020 9:06am Nov 4, 2020 9:06am
Quoting Ata-Turkoglu
Just sold 1.1717... Stops should go a little above 1.1733.. Stay Green
Sold a little earlier at 1.1712
  • #117,866
  • Nov 4, 2020 9:08am Nov 4, 2020 9:08am
Quoting schaos21
{quote} Sold a little earlier at 1.1712
Still good luck! Let's see if bears can reach 1.1666 area..

Stay Green
Focus only on what truly matters!
  • #117,867
  • Nov 4, 2020 9:23am Nov 4, 2020 9:23am
Short @1.1716
SL 1.1735
TP open
  • #117,868
  • Nov 4, 2020 10:12am Nov 4, 2020 10:12am
Volume is so low that I have to step down to the M5 chart... Next, bears have to defeat purple support line: 1.1688 area..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M5-Status-Update.png Size: 36 KB
Focus only on what truly matters!
  • #117,869
  • Nov 4, 2020 10:17am Nov 4, 2020 10:17am
Quoting Ata-Turkoglu
Just sold 1.1717... Stops should go a little above 1.1733.. Stay Green
Closing trade manually here at 1.1699 with +18 pips.. Big Round Number might act supportive around these low volume hours..

I am calling it a day folks.. Tomorrow I hopefully continue.. Trade safe.. Cheers

*Two days loaded with news are coming.. Tomorrow FOMC.. Friday NFP.. So loads of opportunities are on the way..

Stay Green
Focus only on what truly matters!
  • #117,870
  • Nov 4, 2020 11:15am Nov 4, 2020 11:15am
The way in see it, the market is preparing itself for a 350 pips drop to 1.13800 area
Risk comes from not knowing what to do
  • #117,871
  • Nov 4, 2020 11:29am Nov 4, 2020 11:29am
Quoting Austyno
The way in see it, the market is preparing itself for a 350 pips drop to 1.13800 area
Ore a 350 pip up.

With the elections anything can happen.
I am a bear to but if Biden wins a spike up is expected.

Go go trump.
  • #117,872
  • Nov 4, 2020 11:35am Nov 4, 2020 11:35am
Quoting Austyno
The way in see it, the market is preparing itself for a 350 pips drop to 1.13800 area
Calm yourself, nothing falls 350 pips in one line without any new wave/cycle.
I will tear the world apart for you.
  • #117,873
  • Nov 4, 2020 11:36am Nov 4, 2020 11:36am
Quoting Ata-Turkoglu
{quote} Closing trade manually here at 1.1699 with +18 pips.. Big Round Number might act supportive around these low volume hours.. I am calling it a day folks.. Tomorrow I hopefully continue.. Trade safe.. Cheers *Two days loaded with news are coming.. Tomorrow FOMC.. Friday NFP.. So loads of opportunities are on the way.. Stay Green
Have a lovely evening Ata, my take is that we close below 1.17 today and pave way for bears...but yes, volume is a little low and makes it unreliable..

I took a short and a scotch and am just waiting to see what happens..
I will tear the world apart for you.
  • #117,874
  • Nov 4, 2020 11:50am Nov 4, 2020 11:50am
Quoting Barnell
{quote} Have a lovely evening Ata, my take is that we close below 1.17 today and pave way for bears...but yes, volume is a little low and makes it unreliable.. I took a short and a scotch and am just waiting to see what happens..
Possible.. but you must watch that no H1 candle closes above 1.1734.. That would mean danger! Good luck!

Stay Green
Focus only on what truly matters!
  • #117,875
  • Nov 4, 2020 11:53am Nov 4, 2020 11:53am
Quoting Ata-Turkoglu
{quote} Possible.. but you must watch that no H1 candle closes above 1.1734.. That would mean danger! Good luck! Stay Green
How did you know...my SL is at 1.1742 lol. I like to leave a little more room.
I will tear the world apart for you.
  • #117,876
  • Nov 4, 2020 11:56am Nov 4, 2020 11:56am
Quoting Barnell
{quote} Calm yourself, nothing falls 350 pips in one line without any new wave/cycle.
I was even been modest... This thing could go all the way to 1.12600
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201104-185606.png Size: 130 KB
Risk comes from not knowing what to do
  • #117,877
  • Nov 4, 2020 12:00pm Nov 4, 2020 12:00pm
Quoting Austyno
{quote} I was even been modest... This thing could go all the way to 1.12600 {image}
Right, never said it wasn't possible; it could happen, but it would be over a course of at least 1-2 months. No need to get so...excited, lol.

If anything forex taught me, it is to be both patient and nimble at the same time.
I will tear the world apart for you.
  • #117,878
  • Nov 4, 2020 12:12pm Nov 4, 2020 12:12pm
Weekly Outlook

I will keep it extremely simple (as usual): This week is all about 1.1780 resistance.. If that level keeps resisting bears will soon deal with several support levels and breaking them all at once seems wishful thinking right now.. let's go step by step and focus on breaking 1.1615 and maybe 1.1540 as the earliest targets..

*Blue box would be my ultimate low targets that bears could achieve.. but again: might take some serious time!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-W-Status-Update.png Size: 28 KB
Focus only on what truly matters!
  • #117,879
  • Nov 4, 2020 12:37pm Nov 4, 2020 12:37pm
?Cup and handle pattern on lower TF.
  • #117,880
  • Nov 4, 2020 12:37pm Nov 4, 2020 12:37pm
I am currently out of the market but i think market is waiting for the election results (US). Yesterday we had a drop when a lot of lot of states were turning RED. But today things are a little bit different. Currently we are waiting for NV, WI, MI to be with Biden (Which they are but not finalized yet). Even if Trump gets GA, NC and PA and AK that still leaves him with 267 votes (Short of 3). Biden is currently at 238, if he gets NV (6)+WI (10)+MI(16) its 270 and then its Game Over !

If Biden is the new president we will see this pair sky rocket.

If Trump remains as the president, the Dollar will gain strength and we are going down with this Pair.

Time will tell.
Drawdown is more important than Account Size !
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