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  • #123,261
  • Jan 4, 2021 9:47am Jan 4, 2021 9:47am
Quoting sing2x
{quote} You have a Buy position based on your Buy Zone ?
No, it was canceled based on TIME factor.
  • #123,262
  • Jan 4, 2021 10:09am Jan 4, 2021 10:09am
I don‘t think that this is a potential local high yet. 1.2350-1.2395 would be a good range (Ata showed the lines).
But of course it also depends on Georgia election outcome. If democrats win there will most likely be a frantic breakout to the upside.
Another day, another dollar.
  • #123,263
  • Jan 4, 2021 10:23am Jan 4, 2021 10:23am
Quoting Pollen
possible double top, to stall the bulls for a while {image}
Let's see how it plays!

As Pollen noted, we could be rounding out here. Since we have seen a nice 40+ pip drawdown from the 12:00:00 candle close, it seems much more likely for 1.2213 to come before 1.2315.

My data suggests we have about a 63% chance of this trade succeeding. With about a 1:1.5 RR, I'll play those odds any day!
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Viewing the market through f(x)
  • #123,264
  • Jan 4, 2021 11:04am Jan 4, 2021 11:04am
Divergence Alert!
DXY closed gap
EUR/USD never closed gap, out of my sell trade +30 pips
Looking to buy now
Good things comes in pairs...
  • #123,265
  • Jan 4, 2021 11:12am Jan 4, 2021 11:12am
Quoting MnrComposite
{quote} Let's see how it plays! As Pollen noted, we could be rounding out here. Since we have seen a nice 40+ pip drawdown from the 12:00:00 candle close, it seems much more likely for 1.2213 to come before 1.2315. My data suggests we have about a 63% chance of this trade succeeding. With about a 1:1.5 RR, I'll play those odds any day!{image}
Looking at about a 70% chance of succeeding now that we are trading around 1.2250.
Viewing the market through f(x)
  • #123,266
  • Jan 4, 2021 11:22am Jan 4, 2021 11:22am
From here on I think 1.2275 should act pretty resistant based on H4...

Stay Green
Focus only on what truly matters!
  • #123,267
  • Jan 4, 2021 11:32am Jan 4, 2021 11:32am
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  • #123,268
  • Jan 4, 2021 11:41am Jan 4, 2021 11:41am
But it still keeps bouncing off (or following) the red inclinated trend line that you can follow down until 2nd of November...
Attached Image (click to enlarge)
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Edit: I drew the line some weeks ago manually and it remained like this in the chart
  • #123,269
  • Jan 4, 2021 11:58am Jan 4, 2021 11:58am
Attached Image (click to enlarge)
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  • #123,270
  • Jan 4, 2021 12:09pm Jan 4, 2021 12:09pm
Based on H4, if we don't see support from 1.2245 inside these minutes we are going down to 1.2220 next... Otherwise we might have an inverted H&S forming that could push price back up to 1.2275..

Stay Green
Focus only on what truly matters!
  • #123,271
  • Jan 4, 2021 12:19pm Jan 4, 2021 12:19pm
Quoting myths
{image}
As I was following your trades posted in the past few weeks, I would recommend you to use 1:1 RR. Tight SL-s are for real trading professionals. (I'm not one of them). Most of your trades would end up in profit this way. Also avoid trading breakouts, look for retracements instead.
  • #123,272
  • Jan 4, 2021 12:36pm Jan 4, 2021 12:36pm
Quoting Infi
{quote} As I was following your trades posted in the past few weeks, I would recommend you to use 1:1 RR. Tight SL-s are for real trading professionals. (I'm not one of them). Most of your trades would end up in profit this way. Also avoid trading breakouts, look for retracements instead.
I'd agree. Using stops like that is asking to get swept! Only works if you don't use a TP otherwise your sum of gains will almost never cover the losses.
Viewing the market through f(x)
  • #123,273
  • Jan 4, 2021 1:09pm Jan 4, 2021 1:09pm
Quoting Mitiblotch
{quote} I like your confidence. It seems it should drop too. Let's see. I have already had a heavy quota of profits from elsewhere and now entered a small short at 1.2291. I don't want to risk much of my profit today. Edit: What is it with these stupid typos! I have corrected them anyway.
Out at 1.2249. That's +41 pips in the bag!
  • #123,274
  • Jan 4, 2021 1:16pm Jan 4, 2021 1:16pm
This H1 candle now (opened at 19:00 GMT) will be interesting. Take a look at the last H1 (18:00 GMT) candle: it went back to that magic trend line.
If we stay below that line then I might switch to bearish also in long term.
Attached Image (click to enlarge)
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  • #123,275
  • Jan 4, 2021 1:19pm Jan 4, 2021 1:19pm
Booked all short and bought at 1.22443
Sl 50 pips tp 1.23200

Edit: As long as we don't take out last week thursday's low, we will take out today's high tomorrow
Risk comes from not knowing what to do
  • #123,276
  • Jan 4, 2021 1:40pm Jan 4, 2021 1:40pm
A great buy signal in the M30, bullish hammer, stochastics and RSI are all signaling the buy signal.
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  • #123,277
  • Jan 4, 2021 1:44pm Jan 4, 2021 1:44pm
Quoting Austyno
Booked all short and bought at 1.22443 Sl 50 pips tp 1.23200 Edit: As long as we don't take out last week thursday's low, we will take out today's high tomorrow
How about the weekend gap?
  • #123,278
  • Jan 4, 2021 2:03pm Jan 4, 2021 2:03pm
Quoting ursinho4711
This H1 candle now (opened at 19:00 GMT) will be interesting.
Bingo! Follow the red trend line...
Attached Image
  • #123,279
  • Jan 4, 2021 2:07pm Jan 4, 2021 2:07pm
Quoting Austyno
Booked all short and bought at 1.22443 Sl 50 pips tp 1.23200 Edit: As long as we don't take out last week thursday's low, we will take out today's high tomorrow
You gone long now?
Insane in the Brain..
  • #123,280
  • Jan 4, 2021 2:37pm Jan 4, 2021 2:37pm
Good opportunity to go long EUR/USD from here.
I would split the trade and set t/p at 1.2310 on half and put a stop at entry on the other half for a risk free remainder.
ENTRY 1.2240.
https://referme.to/grahamp-8e
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It's a big game.
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