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  • #118,401
  • Nov 11, 2020 1:36am Nov 11, 2020 1:36am
Quoting andvk74
{quote} Thanks, I feel better now.
What can I say.. Have fun with your shorts..

Stay Green
Focus only on what truly matters!
  • #118,402
  • Nov 11, 2020 1:38am Nov 11, 2020 1:38am
Quoting Ata-Turkoglu
{quote} No definitely not.. There are currently 354 traders with 412.1 short lots expecting the same as you do.. Stay Green {image}
This week has been and is still characterized by a tension between technicals pointing down and significant retail short positions which, of course, is an up signal. One would expect price to go down with up spikes in between, but it's not even doing that... strange.
Practitioner of the cryptic trading arts
  • #118,403
  • Nov 11, 2020 1:44am Nov 11, 2020 1:44am
Quoting Ata-Turkoglu
{quote} No definitely not.. There are currently 354 traders with 412.1 short lots expecting the same as you do.. Stay Green {image}
As Onlineaddict mentionned it 2 days ago, the more we'll go down, the more retailers will buy into
It was 88% short 2 days ago (you posted it), now its 65%

The more it'll go down, the more people will buy and suffer the drop
COT: The precious data ignored
  • #118,404
  • Nov 11, 2020 1:47am Nov 11, 2020 1:47am
Quoting kuroro001
{quote} As Onlineaddict mentionned it 2 days ago, the more we'll go down, the more retailers will buy into It was 88% short 2 days ago (you posted it), now its 65% The more it'll go down, the more people will buy and suffer the drop
I had posted the lots 88% and now it is at 85%.. Still same situation.. Bulls are waiting for perfect moment to attack. Don't get caught!

*I am beginning to scalper buy with 2nd order as usual latest around 1.1770..

Stay Green
Focus only on what truly matters!
  • #118,405
  • Nov 11, 2020 1:51am Nov 11, 2020 1:51am
Aside from the drop on Monday, it’s been a strange week with very little movement even if it is down. IG sentiment says 68% short which would indicate a bullish trend it’s been anything but!
Insane in the Brain..
  • #118,406
  • Nov 11, 2020 1:54am Nov 11, 2020 1:54am
Quoting klm1011
Finally --- price seems to have come out of rising consolidation constipation....... i am anticipating it attempting testing another major support...
Good morning all good fella traders .
Price has gone down , tested and broken a super strong support ...... bias remains bearish.
Attached Image (click to enlarge)
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  • #118,407
  • Nov 11, 2020 1:56am Nov 11, 2020 1:56am
Quoting Ata-Turkoglu
{quote} I had posted the lots 88% and now it is at 85%.. Still same situation.. Bulls are waiting for perfect moment to attack. Don't get caught! *I am beginning to scalper buy with 2nd order as usual around 1.1770.. Stay Green
Can you tell me, What is your target Pips Ata with scalping at this time ?, Thanks Ata-T

Thanks a lot
  • #118,408
  • Nov 11, 2020 2:02am Nov 11, 2020 2:02am
Quoting samidhabri
50 mins to go on my broker for this 4H to close. If this climbs back up above the green MA line I keep my scalper long and target 1.189 {image}
This is going down.
  • #118,409
  • Nov 11, 2020 2:04am Nov 11, 2020 2:04am
Quoting Tarkel
{quote} Can you tell me, What is your target Pips Ata with scalping at this time ?, Thanks Ata-T Thanks a lot
This is my habit whenever I face drawdown nearing to overall support (I have to emphasize that relying on support is extremely crucial whenever you open a 2nd trade while being under water)!!!

  1. Wait for price to arrive at stop loss levels.. Leave 1st order open..
  2. Open 2nd order if you see support at nearby lows and alter SL for both..
  3. Scalp 2nd order for 10 to 15 pips.. Close..
  4. Let price drop again..
  5. Open 2nd order again for 10 to 15 pips.. Close..
  6. Repeat as long as price stays above lower support until drawdown is melted down to breakeven or even a little profit..
  7. Finally close all..

Stay Green

Focus only on what truly matters!
  • #118,410
  • Edited 2:55am Nov 11, 2020 2:05am | Edited 2:55am
I bought @1,1790 because of the morning star on H1. SL below support. I am aiming for 70 pips.

Out -10.
  • #118,411
  • Nov 11, 2020 2:06am Nov 11, 2020 2:06am
I want to see H1 close below 1.1770 for bearish bias confirmation for today-tomorrow.
And then if we see H1 close below 1.1745, IMO we are going to take out last weeks low.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd TW H1 2.png Size: 56 KB
  • #118,412
  • Nov 11, 2020 2:07am Nov 11, 2020 2:07am
[quote = Ata-Turkoglu; 13257492] {quote} Ini adalah kebiasaan saya setiap kali saya menghadapi drawdown yang mendekati dukungan keseluruhan (Saya harus menekankan bahwa mengandalkan dukungan sangat penting setiap kali Anda membuka perdagangan kedua saat berada di bawah air) !!! Tunggu sampai harga tiba di level stop loss .. Biarkan order pertama terbuka .. Buka order kedua jika Anda melihat support di posisi terendah terdekat dan ubah SL untuk keduanya .. Scalp order ke-2 untuk 10 hingga 15 pip .. Tutup .. Biarkan harga turun lagi .. Buka order ke-2 lagi untuk 10 sampai 15 pips .. Tutup .. Ulangi selama harga tetap di atas support yang lebih rendah sampai drawdown mencair ke titik impas atau bahkan sedikit untung .. Akhirnya tutup semua .. Tetap Hijau [/ quote ]

Thank you for sharing your strategy, I love it. Regards
  • #118,413
  • Nov 11, 2020 2:13am Nov 11, 2020 2:13am
On the other side, if we go above yesterday's high 1.18435, IMO we're going for a new weekly HIGH.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd TW H1 1.png Size: 68 KB
  • #118,414
  • Nov 11, 2020 2:17am Nov 11, 2020 2:17am
Quoting andvk74
Am I the only one who sees a NEW weekly low today? I better should say - WAITING for a new weekly LOW.
Might be many new lows this week.
  • #118,415
  • Nov 11, 2020 2:22am Nov 11, 2020 2:22am
H4 Status Update

  1. Whilst wave 4 is being constructed I am mainly watching 1.1779 as support..
  2. Bull targets will be towards previous support 1.1826 area..
  3. Scenario 1 is about achieving a retest towards 1.1826 resistance!
  4. Scenario 2 can only happen once resistance is defeated.
  5. A clear H4 candle close below 1.1779 aborts my bullish bias..

I hope it helps

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 28 KB
Focus only on what truly matters!
  • #118,416
  • Nov 11, 2020 2:31am Nov 11, 2020 2:31am
Ideally i would like 1750 before a bounce if any

Else, i'll stick to the selling the rally plan
COT: The precious data ignored
  • #118,417
  • Nov 11, 2020 2:34am Nov 11, 2020 2:34am
Quoting andvk74
On the other side, if we go above yesterday's high 1.18435, IMO we're going for a new weekly HIGH. {image}
We are coming, it's just am not sure about the new weekly high. I think it just wants to retest the 1.19000 area and drop again to 1.169xx area. But time will tell
Risk comes from not knowing what to do
  • #118,418
  • Nov 11, 2020 2:42am Nov 11, 2020 2:42am
M5 now looks kind of an inverted H&S if it bounces back. Not sure if it fulfills all the conditions.
Edit: Not any more.
Another day, another dollar.
  • #118,419
  • Nov 11, 2020 2:49am Nov 11, 2020 2:49am
Next session likely push price further south.... selling retraces have good probabilities.
  • #118,420
  • Nov 11, 2020 2:49am Nov 11, 2020 2:49am
Selling USD ? no thanks!!

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COT: The precious data ignored
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