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EURUSD

  • #1,188,801
  • Dec 17, 2020 10:14am Dec 17, 2020 10:14am
$JY 102.87 ...Nicer......

  • #1,188,802
  • Dec 17, 2020 10:15am Dec 17, 2020 10:15am
2250 target is in something is missing in the market. Maybe profit taking starts to roll.
Looking for profitable short term trades ...|
  • #1,188,803
  • Dec 17, 2020 10:18am Dec 17, 2020 10:18am
1.22 61 ..... Nicer.

  • #1,188,804
  • Dec 17, 2020 10:25am Dec 17, 2020 10:25am
Quoting Js3mwtRc
2250 target is in something is missing in the market. Maybe profit taking starts to roll.
hopefully not much...2025; 2200
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  • #1,188,805
  • Dec 17, 2020 10:49am Dec 17, 2020 10:49am
Quoting mistaouting
{quote} hopefully not much...2025; 2200
Don't let bitcoiners distract you, 75 points are not bad.

I was thinking for a retracement to 2200, or 2190.
Looking for profitable short term trades ...|
  • #1,188,806
  • Edited 11:28am Dec 17, 2020 10:53am | Edited 11:28am
Quoting PatienceFx
{image}going heavily short {image}

what could possess a trader to do this kind of moves? Cause by trading terms there’s nothing technically that says one should short this market.
Unless you are searching for bragging rights or trying to get lucky and catch a home-run...
  • #1,188,807
  • Dec 17, 2020 10:54am Dec 17, 2020 10:54am
Have a small buy for EUR. I don't like the idea of buying EUR but the buy was only due to expected USD weakness. With lots of positive comments coming from the congress from both parties, a covid relief package sounds like its coming. Will hold on to this for now!
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Master your mind. Master Trading.
  • #1,188,808
  • Dec 17, 2020 10:55am Dec 17, 2020 10:55am
they are so damn wishy washy on brexit....makes you wonder if they profiting off how its moving markets
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  • #1,188,809
  • Dec 17, 2020 10:56am Dec 17, 2020 10:56am
Damn.. everyone shorting. This looks scary lol.
Trade what you see, take what the market gives you.
  • #1,188,810
  • Dec 17, 2020 11:01am Dec 17, 2020 11:01am
Quoting Js3mwtRc
{quote} Don't let bitcoiners distract you, 75 points are not bad. I was thinking for a retracement to 2200, or 2190.
may not even get that retrace, might have to find higher levels for that if the eco data later pushes usd further down. think ill keep holding only look to add on pull backs at this point
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  • #1,188,811
  • Dec 17, 2020 11:03am Dec 17, 2020 11:03am
Quoting VuLe
Damn.. everyone shorting. This looks scary lol.
Every one shorting and hungry algo swallow all and push it higher and wait for the bear to come finally to cover it... It is waiting for the last bear to do the short covering..
  • #1,188,812
  • Dec 17, 2020 11:21am Dec 17, 2020 11:21am
Quoting mistaouting
{quote} may not even get that retrace, might have to find higher levels for that if the eco data later pushes usd further down. think ill keep holding only look to add on pull backs at this point
This is the best strategy.

I have regret many times going long on high prices, but today is aggresive, maybe at shallow dips with smaller lots it will work better.
Looking for profitable short term trades ...|
  • #1,188,813
  • Dec 17, 2020 11:46am Dec 17, 2020 11:46am
On a shorter outlook, it appears that the previous 1.2150ish zone of resistance has been cleared and next target for buyers could be the 2018 high around 1.2500. On the longer term view of the Monthly and 3 Month (Quarterly) charts, I'm preferring 1.2800 to take all my long positions off the table. So far, as mentioned in previous posts, Bulls are running the show right now.
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"The market doesn't beat them, they beat themselves" - J. Livermore
  • #1,188,814
  • Dec 17, 2020 12:03pm Dec 17, 2020 12:03pm
Quoting VuLe
Damn.. everyone shorting. This looks scary lol.
88% short against 12% long. Made me want to continue trailing. I hope your long still running.
Only an idiot knows with certainty to where the market is going.
  • #1,188,815
  • Dec 17, 2020 12:32pm Dec 17, 2020 12:32pm
Quoting MrBullBear
{quote} 88% short against 12% long. Made me want to continue trailing. I hope your long still running.
yeah, I still have them. I meant scary for the bears.. seems like catching falling knife and flying dagger is always the theme in trading.
Monthly/weekly/daily shows upside.
I think 1.24xx could be reach by end of next week.
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Trade what you see, take what the market gives you.
  • #1,188,816
  • Dec 17, 2020 12:39pm Dec 17, 2020 12:39pm
Quoting VuLe
{quote} yeah, I still have them. I meant scary for the bears.. seems like catching falling knife and flying dagger is always the theme in trading. Monthly/weekly/daily shows upside. I think 1.24xx could be reach by end of next week. {image}
Great! Our TSL should be at the level where it gives signal of a major retracement. Use your Byakugan to spot where it is. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,188,817
  • Dec 17, 2020 12:59pm Dec 17, 2020 12:59pm
Quoting MrBullBear
{quote} Great! Our TSL should be at the level where it gives signal of a major retracement. Use your Byakugan to spot where it is. Cheers!
I do agree. With many people think EU is due for a correction. I would say opening of 2021 could be one big bull trap spike before falling apart. That is just my theory. Nothing too much behind it. Just trying to think like the feds instead of what majority wants.
I switched to become swing trader and it has become a lot easier only because My day trades are on option trading. Sad thing about trading overall is Weekends and Holidays. When you get to a point where you just want to make money, invest, save up. You become anti holiday/weekend type of guy. XD
not sure if anyone can relate.
Trade what you see, take what the market gives you.
  • #1,188,818
  • Dec 17, 2020 1:01pm Dec 17, 2020 1:01pm
don't know which back and forth is worse....us stimulus or Brexit
LOCK IN RE-ENTER
  • #1,188,819
  • Dec 17, 2020 1:05pm Dec 17, 2020 1:05pm
Quoting VuLe
{quote} I do agree. With many people think EU is due for a correction. I would say opening of 2021 could be one big bull trap spike before falling apart. That is just my theory. Nothing too much behind it. Just trying to think like the feds instead of what majority wants. I switched to become swing trader and it has become a lot easier only because My day trades are on option trading. Sad thing about trading overall is Weekends and Holidays. When you get to a point where you just want to make money, invest, save up. You become anti holiday/weekend...
yes awating this correction could be an interesting challange. but as of now, the situation in Europe is rather interesting from the point in assume that everyone is betting on the covid vaccine. while economic numbers after this winter should drop to serious bad i am “afraid” that this onset in quarter 2 will be counteracted by covid dissapering in the early spring and all thinking is the vaccine. However a real effect of a vaccine likely is not to be seen until end of next year and the autumn.. so long waiting game?!?
  • #1,188,820
  • Dec 17, 2020 1:43pm Dec 17, 2020 1:43pm
Quoting krst8
{quote} yes awating this correction could be an interesting challange. but as of now, the situation in Europe is rather interesting from the point in assume that everyone is betting on the covid vaccine. while economic numbers after this winter should drop to serious bad i am “afraid” that this onset in quarter 2 will be counteracted by covid dissapering in the early spring and all thinking is the vaccine. However a real effect of a vaccine likely is not to be seen until end of next year and the autumn.. so long waiting game?!?
I agree. I think trading this season is going to be hard and confusing. I still follow my chart and long on it no matter what news comes. Like BullBear said, have trailing sl is the best. As things become intense and the market looks like its going to burst. I have my sl set and ready to exit any time.

just build small baby position and load up on every dip or every spike. Because this isnt going to be your typical 1500pip up, 600pip down, 600pip up.
its more of a 1500pip up, 20pip down and another 500pip up xD.
”exaggerating”
Trade what you see, take what the market gives you.
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