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  • #1,189,001
  • Dec 22, 2020 5:02am Dec 22, 2020 5:02am
Hi , crew. Just longed here at 1.22 30 SL=1.22 03

  • #1,189,002
  • Dec 22, 2020 6:13am Dec 22, 2020 6:13am
After this move up 45 pips i'm still thinking will be flat today nobody can't change my mind, nobody

  • #1,189,003
  • Dec 22, 2020 7:07am Dec 22, 2020 7:07am
If, EU keep its low (22030) then the high of Friday is next target. I believe that it should form a retrace at the US GDP near 2220 and then buyers will take advantage of this. If, the opposite happen a break above today highs will show the willingness of the price to continue to 2300/2335.

Nevertheless anything can happen...
Looking for profitable short term trades ...|
  • #1,189,004
  • Dec 22, 2020 8:58am Dec 22, 2020 8:58am
My longs were stoped at 1.22 17 unfortunately.......Reversed to short soon after . I am watching......

  • #1,189,005
  • Dec 22, 2020 10:05am Dec 22, 2020 10:05am
The new covid mutation in eur may reverse the trend. I am building positions.
Only an idiot knows with certainty to where the market is going.
  • #1,189,006
  • Dec 22, 2020 10:18am Dec 22, 2020 10:18am
Quoting shahab8b
Everyone going long here? Am I the only one who thinks that's a short now?
The original analysis was posted here https://www.forexfactory.com/thread/...4#post13322354
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  • #1,189,007
  • Dec 22, 2020 10:21am Dec 22, 2020 10:21am
Yes Shahab , I like your chart and idea. I tpf now at 1.21 70 and look to sell again later a bit higher

  • #1,189,008
  • Dec 22, 2020 10:27am Dec 22, 2020 10:27am
2178 another entry for euro.. The key point i guess to remember is, when u see profit book it.. Else robbers will steal ur money.. They know where u going long or short.
The simple rule to remember is, they are waiting with an axe in hand to chop down the less margin account.. And those trade running in profit.. So book profit when see profit. Else it will disappear with a blink of an eye.
  • #1,189,009
  • Dec 22, 2020 10:53am Dec 22, 2020 10:53am
EU is getting killed today by No Deal Brexit news, shame I think that they are going to find a solution sooner, or later.

Anyway the only level that is near is 2150 round number, I didn't bought 2200 today thinking that the first buyers at the morning from 2203 did their job and the news will hurt, lucky on this. Now I may enter late, but with small risk cause thin liquidity these days may kill all Months profits and I don't like having positions overnight.

Why buy low here, because tomorrow the US Jobs release should drop Dollar.
Looking for profitable short term trades ...|
  • #1,189,010
  • Dec 22, 2020 11:07am Dec 22, 2020 11:07am
Quoting mistaouting
{quote} gap down currently.... new news on virus could cause some movement into safety? Saw US bonds getting bids last week....could be feds could be start of movement to reduce riskCable at a 100 pip drop currently...a lot of uncertainty with brexit and now new form of virus
Quoting mistaouting
{quote} I wouldn't be surprised to see some risk removed headed into long break with all news currently going on...brexit, virus, china us, stimulus.... List goes on. If what happened over the weekend wasn't enough. But I'm taking a tight SL here, minimum risk. Found it hard to sit on side Overall bullish... But need to get through holiday and past some headlines before I dig in again Edit: and if I don't get some movement down on London close, I'll move sl tighter
who would want to carry this risk over holiday...best to wait until the dust settles unless your scalping or some news comes to mitigate those risk
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  • #1,189,011
  • Dec 22, 2020 11:21am Dec 22, 2020 11:21am
Quoting mistaouting
{quote} {quote} who would want to carry this risk over holiday...best to wait until the dust settles unless your scalping or some news comes to mitigate those risk
Every Year there is a flash crash, like this happened at AUDJPY with the trade wars of Trump latelly. I wonder when and where this will happen again, many traders will be off to the sidelines to buy the falling knife and then start calling the Year. Currencies I will avoid are JPY and CHF. EURUSD is fine.
Looking for profitable short term trades ...|
  • #1,189,012
  • Dec 22, 2020 12:46pm Dec 22, 2020 12:46pm
....... I don't see rebound.....
  • #1,189,013
  • Dec 22, 2020 12:51pm Dec 22, 2020 12:51pm
Algo in action as usual.

Steal the bulls position using their robotic machine and stop out them.
  • #1,189,014
  • Edited 1:27pm Dec 22, 2020 12:55pm | Edited 1:27pm
Quoting Leesi
Algo in action as usual. Steal the bulls position using their robotic machine and stop out them.
Post after post about algos out to get people

Edit: makes no sense

Quoting Leesi
Algo in action as usual. Steal the bulls position using their robotic machine and stop out them.
If you feel that way you should consider reevaluating your trading style and system.

Maybe your risk is to small (sl) or your entries are not ideal or need some improvement in fundamental and technical analysis.

Algo are not set to purposely seek out SL they are there to make money and protect money. EDIT: YOUR SLs JUST HAPPEN TO BE IN THE WAY
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  • #1,189,015
  • Dec 22, 2020 1:07pm Dec 22, 2020 1:07pm
Quoting mistaouting
{quote} Post after post about algos out to get people Edit: makes no sense
For few it wont make sense.. But for few it make sense.. Specially when they push the price down and silently buy at lower level..
2158-63-64..this is what happening now.
  • #1,189,016
  • Dec 22, 2020 1:15pm Dec 22, 2020 1:15pm
Quoting Leesi
{quote} For few it wont make sense.. But for few it make sense.. Specially when they push the price down and silently buy at lower level.. 2158-63-64..this is what happening now.
It makes sense to anyone looking to find a reason other than themselves. No offense. Sincerely

Some may call it risk mitigation and profit taking.... Something one should expect considering fundamentals and extended break where rmost retail traders want be able to have access to makert during which.

With those things considered you should expect low volume volatility and possibly price dropping as it is.... Not because algos looking for SLs..they are looking for optimum places to buy and sell based on fundamentals and technicals.....
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  • #1,189,017
  • Dec 22, 2020 1:25pm Dec 22, 2020 1:25pm
came across something interesting about becoming a trader....

said its levels to it; to the process of becoming a good trader.

Thought it was interesting because 3 of the levels meaning you go through it apparently several times along the way was on there multiple times.

I surly went though it....not saying I am good...still learning and I guess making my way through those levels....

this one level appeared three times....and it basically said you go through this phases when you think you have finally figured it out like a aha moment... it was so funny and so true! Except its probably more than 3 times you go through it
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  • #1,189,018
  • Dec 22, 2020 1:36pm Dec 22, 2020 1:36pm
Quoting mistaouting
{quote} Post after post about algos out to get people Edit: makes no sense {quote} If you feel that way you should consider reevaluating your trading style and system. Maybe your risk is to small (sl) or your entries are not ideal or need some improvement in fundamental and technical analysis. Algo are not set to purposely seek out SL they are there to make money and protect money. EDIT: YOUR SLs JUST HAPPEN TO BE IN THE WAY
Did you notice how lions run behind their prey? They run and once they kill and have their supper, no one else can get a part of their meal till they eate well. One will even guard to watch around. Same way when more retailers enter buy mode, they simply chope down. And when if retailer go near to get a free meal they kick you out till they finish their supper.
Watch yourself. Same is the cae when price goes up.. They push higher and higher. If you try to buy that time, they kick you out with fake moves..
Same happening in euro.. At current level.
  • #1,189,019
  • Dec 22, 2020 2:00pm Dec 22, 2020 2:00pm
Quoting Leesi
{quote} Did you notice how lions run behind their prey? They run and once they kill and have their supper, no one else can get a part of their meal till they eate well. One will even guard to watch around. Same way when more retailers enter buy mode, they simply chope down. And when if retailer go near to get a free meal they kick you out till they finish their supper. Watch yourself. Same is the cae when price goes up.. They push higher and higher. If you try to buy that time, they kick you out with fake moves.. Same happening in euro.. At current...
you may want to consider your SLs, based on what you said above....Trailing SL may help...nothing helps more than a optimal entry and reasonable SL & TP. Based on what you said you entered in area that most would consider a Resistance ( guess that would equate the gazelle going into the lions den on a hungry day) .....look for price to fall back from Resistance then enter...you don't enter there...obviously different for shorts...it would be support and look for price to bounce up for entry. Patience and self control is needed

Price will not move in straight lines its goes up and down along whichever rout it takes....you want your SL be large enough to keep you in and small enough to meet your Risk Reward Ratio while protecting you from loss if you made a bad call
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  • #1,189,020
  • Dec 22, 2020 2:06pm Dec 22, 2020 2:06pm
Market moves in two directions. Up and down. Strong vs weaker economy. The one with a better data, fundamental, news and current events, sentiments pull the market in its favor. But it never goes in a straight line. It retrace, pullback or some call it manipulation. And also, market doesn't just go on whatever the fuck someone think it will go. It does what it does... over and over again. In cycle. A merry go round zigzag cycle since day one. It's Zigzagging until it reached its level then reverse. Then starts over again and do it again.. and again. Psychology behind it plays important role. Your job as a trader is to simply follow where it goes(not youropinion). And make sure, when it zig, you zig. When it zag, you zag. Ypu don't zig on the zag and zag on the zig.
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Only an idiot knows with certainty to where the market is going.
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