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Attachments: EURUSD only
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EURUSD only

I'll enter LONG at 1.22295 (if that happens before running yesterday's HIGH)
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You guys are posting really great posts here. Thanks. I am getting back into forex after a break, and it sure feels nice to be a part of this community and get up to speed.

I wish I could stay up this night and trade, but I cant. Entered long TP 1.2261, but I feel the retracement is due any time. I would wait and buy on dips.

DXY 1h Chart shows gap and may try to close it and cause retracement for EU tonight.

Happy pips
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Live long and prosper
lazy_forex All Time Pips: -511
Quoting newbegger
{quote} {image}Just beginning. This is only getting stronger now. Euroland is the best bet in 2021. I am closing out all positions now (I had bad experience that many can learn from but none will). Happy New Year. Time to Party!
obviously we will get the usual bullish USD move on new year to crush the bears. Wait. Patience
Ecclesiastes 1:9
Short 1.224x -5x tp flexible!
Waiting for H1 to close. If we'll have a divergence - I'll enter SHORT.
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none of the long trendline break. short is very risky lo.....
Quoting andvk74
Waiting for H1 to close. If we'll have a divergence - I'll enter SHORT. {image}
Dumb question time, can you explain divergence in this context and the significance?
looks like EU will break the highs today
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TMT Scalping System (Best system on FF)
We have a DIVERGENCE, but to confirm it, I want to see a second H1 to close the same way.
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Quoting mysterio
{quote} Dumb question time, can you explain divergence in this context and the significance?
DXY did NOT make a new weekly low, but EUR DID - that's a divergence as I call it. When it forms - I expect a short term reversal.
Good morning @ all,
I will take the risk, short @ 1,2250, sl @ 1,2300.

Regards

Chriss
Quoting andvk74
{quote} DXY did NOT make a new weekly low, but EUR DID - that's a divergence as I call it. When it forms - I expect a short term reversal.
May be there is a slip on your side: DXY did not make a new weekly low, but EUR made new weekly high
Quoting chrissfx
Good morning @ all, I will take the risk, short @ 1,2250, sl @ 1,2300. Regards Chriss
Why not go short at 1.2270, sl 1.229, tp 1.220? That seems more likely, no?
Quoting dele5000
{quote} May be there is a slip on your side: DXY did not make a new weekly low, but EUR made new weekly high
Yes, that's what I wanted to say.
IF all human "big" traders are on holiday and left the algos alone, we might have the same scenario as yesterday: London open (until noon) marks the high, then down to mark the low, then oscillating inbetween.
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***EDIT****
or the algos go into the fool mode: "haha, y'all think we will do the same procedure as yesterday? We are not that stupid..."
I'd like to see H4 to close below 1.22353 in 54 min. This will confirm a DOWN day.
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Divergence is still intact.
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Quoting andvk74
Divergence is still intact. {image}
Thanks man! for this method of detecting divergence, i have already shorted when i saw divergence on MACD
Quoting dele5000
{quote} Thanks man! for this method of detecting divergence, i have already shorted when i saw divergence on MACD
I trade without any indicators, that's why THIS is my indicator that works ALL the time.
I still do not trust the bearish peace (though I would like it). I have a long term fibo (yellow) that defines my trend channel on D1, also I have a short term fibo (blue) based on yesterday's candle. Coincidence?
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