EURUSD

Quoting mistaouting

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real life example.....we are approaching a Support near 2150 on the h1 chart....shorting now for a small account would not make sense to me....price will probally bounce of that support but if someone shorts there and price bounce up then they would blame algos for stop hunting...no that was a area of support that was likely to happen but not promised....price bounces up at small area of support near 2200 maybe Resistance one "could" look to short there...if that area proved to be Resistance.....soooo much other stuff to consider....but this is...

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Quoting Arturke

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I think it will go even more lower below 1.21350 level

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Quoting Leesi

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{quote} How about a move close to 2165? Will the pic change?

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Quoting F.g

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SL on shorts at 1.21 60 Reversal to long at 62

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Quoting Leesi

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{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...

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Quoting Leesi

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{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...

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Quoting Arturke

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{quote} it will go lower don't worry

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Quoting Lucianolucky

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We had a DAILY close below 1.21654, I think this will be a sell, and the area around 1.22000- 1.22063 should provide for a good short entry {image}

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Quoting Lucianolucky

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{quote} An early entry around 1.21889 should also be alright, with stoploss above 1.22063

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Quoting Lucianolucky

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My 2 cents, the algos are a reality, however a trader must have their own strategy to find their way around them. Crying foul will help no one, u figure out how to beat 'em or else get out of the kitchen. Just figure out your risk/reward ratio and u will be fine.

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Quoting Leesi

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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.

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