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  • #1,188,281
  • Dec 2, 2020 11:23pm Dec 2, 2020 11:23pm
I think one key point one must remember is, no technical chart will work out in our favor if there is no liquidity. The current market is fully robotic controlled. They create fake move to attract retailers and once retailers enter in to buy or sell, they stop the robotic action and kill them.. A kind of organised looting..
Some smart guys asking what is your SL to know the pulse of retailers.. Beware about this trap..
Nothing is free!
  • #1,188,282
  • Dec 2, 2020 11:51pm Dec 2, 2020 11:51pm
Quoting Leesi
I think one key point one must remember is, no technical chart will work out in our favor if there is no liquidity. The current market is fully robotic controlled. They create fake move to attract retailers and once retailers enter in to buy or sell, they stop the robotic action and kill them.. A kind of organised looting.. Some smart guys asking what is your SL to know the pulse of retailers.. Beware about this trap.. Nothing is free!
I am thinking we should see a retracement sometime in the near future.
Learn from your mistakes and march on.
  • #1,188,283
  • Dec 3, 2020 12:30am Dec 3, 2020 12:30am
EURUSD strong bullish trend today targeting 2155. Support comes around 2075 and 2040 yesterdays low.

A break of the last should move it some pips to stronger support at 2010 where previous resistance was, now support.

Have a great trading ahead.
Looking for profitable short term trades ...|
  • #1,188,284
  • Dec 3, 2020 1:15am Dec 3, 2020 1:15am
Price can't dive below Daily open Level.So eu moves in bullish Price zone. No serious sell setup. For me first sign will be when Price can dive below middle Bollinger Band on H1 Time Frame and then we can get confirmation on H4 middle Bollinger Band- for me this will be serious sell signal. But for now Price even can't dive below M30 middle BB.
  • #1,188,285
  • Dec 3, 2020 1:34am Dec 3, 2020 1:34am
Good point there mate. For intraday traders, you may see this point confirmed by the spiking rising channel on the H4 time frame.

Stay safe. Trade safe.

KP

Attached Image (click to enlarge)
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Quoting Walz
Price can't dive below Daily open Level.So eu moves in bullish Price zone. No serious sell setup. For me first sign will be when Price can dive below middle Bollinger Band on H1 Time Frame and then we can get confirmation on H4 middle Bollinger Band- for me this will be serious sell signal. But for now Price even can't dive below M30 middle BB.
Do your homework, follow the footprints of smart money
  • #1,188,286
  • Dec 3, 2020 2:30am Dec 3, 2020 2:30am
I had a sell order at 1.21 40 to exit my longs...but was not hit by a fraction of a pip....

NOT sure if it goes higher... I took my prfts at 30 >>>FLAT now . Will sell short at 1.21 19

  • #1,188,287
  • Dec 3, 2020 2:49am Dec 3, 2020 2:49am
Quoting F.g
I had a sell order at 1.21 40 to exit my longs...but was not hit by a fraction of a pip.... NOT sure if it goes higher... I took my prfts at 30 >>>FLAT now . Will sell short at 1.21 19
That's a normal process for my pending orders
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,188,288
  • Dec 3, 2020 2:52am Dec 3, 2020 2:52am
Market quickly rejected recent high due to strong resistance at 1.2150, a base above will send it way higher.. Expected retrace to 1.2080s-1.2060
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,188,289
  • Dec 3, 2020 3:05am Dec 3, 2020 3:05am
Quoting F.g
I had a sell order at 1.21 40 to exit my longs...but was not hit by a fraction of a pip.... NOT sure if it goes higher... I took my prfts at 30 >>>FLAT now . Will sell short at 1.21 19
Profit taking. My feed has different high 21388, in others it could be 2140.
Looking for profitable short term trades ...|
  • #1,188,290
  • Dec 3, 2020 3:30am Dec 3, 2020 3:30am
Eu dropping, when do we buy or sell . Thank you
  • #1,188,291
  • Dec 3, 2020 3:43am Dec 3, 2020 3:43am
Quoting libalamps
Eu dropping, when do we buy or sell . Thank you
I prefer to buy on uptrends and sell on downtrends. I look on technical levels like support and resistance and then I risk small targeting for a bigger reward at least two times the risk.

Today the trend is up and I prefer to buy above 2040.
Looking for profitable short term trades ...|
  • #1,188,292
  • Edited 6:02am Dec 3, 2020 5:51am | Edited 6:02am
This is extra move,eur can drop any day on daily and H4.But in history of eur you can see such a move like extra move.I only say-now we reach weekly.One weekly was 1.1920,here is another weekly(channel goes up) Monthly is 1.27.channel weekly bottom 1.11
  • #1,188,293
  • Dec 3, 2020 6:45am Dec 3, 2020 6:45am
Basing above 1.2140 will skyrocket it to around 1.2170 and possibly up to 1.2200-20 next
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,188,294
  • Dec 3, 2020 6:58am Dec 3, 2020 6:58am
Market price will stop going up only after it erases any possible bearish divergence on 1 and 4 hour chart specifically, that may happen at 1.2200-20
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,188,295
  • Dec 3, 2020 7:06am Dec 3, 2020 7:06am
Quoting Js3mwtRc
EURUSD strong bullish trend today targeting 2155. Support comes around 2075 and 2040 yesterdays low. A break of the last should move it some pips to stronger support at 2010 where previous resistance was, now support. Have a great trading ahead.
Target met. The same price action like yesterday, 2100 holded the price, it may turn to longer term strong support for 2500, but I wait for NFP first and the next weeks ECB.
Looking for profitable short term trades ...|
  • #1,188,296
  • Edited 8:27am Dec 3, 2020 7:51am | Edited 8:27am
My advise guys stop looking bearish opportunities, better look bull signals in EURUSD
  • #1,188,297
  • Dec 3, 2020 8:24am Dec 3, 2020 8:24am
Somehow allways when people here start to suggest more up/down price change direction...
  • #1,188,298
  • Dec 3, 2020 8:26am Dec 3, 2020 8:26am
Quoting SashaP
1.2116 sold targeting almost 200 pips.
EURUSD bullish. Only look to buy on pullbacks.
  • #1,188,299
  • Dec 3, 2020 8:54am Dec 3, 2020 8:54am
EUR is on a strong bull movement. If you short it, you have a great chance to loose the money because at this point it may spike at least to 1.22700. If you do not have the money to support that kind of losses without getting margin called or stopped out, then I suggest that you trade with the trend.

Counter-trend trading is for the rich people...
  • #1,188,300
  • Dec 3, 2020 9:08am Dec 3, 2020 9:08am
5 minute chart
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