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  • #120,481
  • Dec 1, 2020 2:49am Dec 1, 2020 2:49am
Quoting nessus94
{quote} Bear trap new highs today
Sounds like you bought at 1.20
  • #120,482
  • Dec 1, 2020 2:54am Dec 1, 2020 2:54am
Quoting Ata-Turkoglu
Opened a scalper sell order here at 1.1985.. Stops should go a little above 1.2009.. Stay Green
ATA, i think you are spot on, DXY is due for some retracement before it dump again
  • #120,483
  • Dec 1, 2020 2:54am Dec 1, 2020 2:54am
Quoting Mollov
{quote} Sounds like you bought at 1.20
And i bought more every 20 pips down
so now it is good profit
Make money by doing the opposite of Giveachance aka loser
  • #120,484
  • Dec 1, 2020 3:09am Dec 1, 2020 3:09am
Quoting nessus94
{quote} And i bought more every 20 pips down so now it is good profit
Good for you... Could be time to book profits, because I think this current 1hr candle needs to close below 1.19470
Risk comes from not knowing what to do
  • #120,485
  • Dec 1, 2020 3:12am Dec 1, 2020 3:12am
Quoting Ata-Turkoglu
Opened a scalper sell order here at 1.1985.. Stops should go a little above 1.2009.. Stay Green
Closed with +10 pips.. Waiting for new opportunities..

Stay Green
Focus only on what truly matters!
  • #120,486
  • Dec 1, 2020 3:18am Dec 1, 2020 3:18am
Quoting Austyno
{quote} Good for you... Could be time to book profits, because I think this current 1hr candle needs to close below 1.19470
40 pips down in this bad volatility? No
Make money by doing the opposite of Giveachance aka loser
  • #120,487
  • Dec 1, 2020 3:24am Dec 1, 2020 3:24am
Quoting dele5000
{quote} ATA, i think you are spot on, DXY is due for some retracement before it dump again
To be honest I am not keen in selling.. I still prefer to buy dips.. I anticipated that 1.1983 area could resists and sold around there but overall I think risking to buying dips towards 1.1950 is still the better option..

Stay Green
Focus only on what truly matters!
  • #120,488
  • Dec 1, 2020 3:31am Dec 1, 2020 3:31am
maniacal precision of the rebound points made yesterday
the gap 1.19525 remains to be closed but
I can't say when we will close it
Attached Image (click to enlarge)
Click to Enlarge Name: precision.png Size: 36 KB
  • #120,489
  • Dec 1, 2020 3:39am Dec 1, 2020 3:39am
Another buy stop order @1.19870
SL @ 1.19680

Note: It is 3 rising valley chart pattern on M15
Good things comes in pairs...
  • #120,490
  • Dec 1, 2020 4:00am Dec 1, 2020 4:00am
Opened one more scalper sell order at 1.1981.. Stops must be a little above 1.2009 again..

Stay Green
Focus only on what truly matters!
  • #120,491
  • Dec 1, 2020 4:19am Dec 1, 2020 4:19am
Hi all, and thanks Ata-Turkoglu, valuable info in the threat
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 124 KB
Newbie trader
  • #120,492
  • Dec 1, 2020 4:26am Dec 1, 2020 4:26am
I advice all traders to always use something named RISK TO REWARD in their trading.
Nobody can have perfect entries but when you have good rish-reward ratio for each trade with good money management ofcourse not risking your account with higher lots at anytime, then you don't really care.
And this R-R should always be according to long term chart.
Like on monthly(Dec.), EU have support starting at 1.1840s to 1.1810s, while resistance at 1.2030s.
Certainly market might betray and break any of both levels but even if so it will not be a journey easy move, will take time to base above or below for you to use manual SL or trailing stop.
According to current price R-R is in favor of bears than bulls.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #120,493
  • Dec 1, 2020 4:28am Dec 1, 2020 4:28am
Quoting Ata-Turkoglu
Opened one more scalper sell order at 1.1981.. Stops must be a little above 1.2009 again.. Stay Green
Closed order here at 1.1971 with +10 pips.. The next one will probably be a long order.. Waiting for progress...

Stay Green
Focus only on what truly matters!
  • #120,494
  • Dec 1, 2020 4:31am Dec 1, 2020 4:31am
New long order 1.19685... Stops must go a little below 1.1940..

Stay Green
Focus only on what truly matters!
  • #120,495
  • Dec 1, 2020 4:56am Dec 1, 2020 4:56am
Daily S/R Levels for Today

  1. If 1.1970 breaks (and I hope it does) next target would be 1.2042 area..
  2. Bears need to drop below 1.1937 first and real target would be to break below 1.1906 area for more bear action..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-Status-Update.png Size: 31 KB
Focus only on what truly matters!
  • #120,496
  • Dec 1, 2020 4:57am Dec 1, 2020 4:57am
I will not go with that one, the hangman before current hr bar is worrisome
  • #120,497
  • Dec 1, 2020 5:03am Dec 1, 2020 5:03am
I am waiting to buy @ 1.195xx
Good things comes in pairs...
  • #120,498
  • Dec 1, 2020 5:07am Dec 1, 2020 5:07am
Quoting Bakker
I will not go with that one, the hangman before current hr bar is worrisome
An hourly close below 1.1960 could be worrisome.. For now all good for bulls..

Stay Green
Focus only on what truly matters!
  • #120,499
  • Dec 1, 2020 5:09am Dec 1, 2020 5:09am
we still went on the rebound points PROVABLY TO BREAK
Attached Image (click to enlarge)
Click to Enlarge Name: bounce point .png Size: 35 KB
  • #120,500
  • Dec 1, 2020 5:31am Dec 1, 2020 5:31am
Not at my PC but on hourly there is a lower high with an M pattern, is it not obviously bearish on that time frame?

Add to this classic Monday counter trend and I don't see why this shouldn't go to 1.188 at least.
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