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EURUSD only

  • #123,361
  • Jan 5, 2021 11:22am Jan 5, 2021 11:22am
Quoting tcmkhi
{image} It broke @1.22963 and 1.23000 as well. Now, waiting to break another point @1.23089 (yesterday's high). Anyways, a Long Pending order has been placed @1.23105, 30/30 SL/TP, and waiting to trigger it.
Very unlikely that it will run it today at this hour. But after a stop run why do you consider going LONG instead of SHORT???
  • #123,362
  • Jan 5, 2021 11:25am Jan 5, 2021 11:25am
Quoting andvk74
{quote} Very unlikely that it will run it today at this hour. But after a stop run why do you consider going LONG instead of SHORT???
There's is a 99.9% chance that yesterday's high will be taking out... As a matter of fact, a spike is coming to clear the highs
Risk comes from not knowing what to do
  • #123,363
  • Jan 5, 2021 11:30am Jan 5, 2021 11:30am
Quoting Austyno
{quote} There's is a 99.9% chance that yesterday's high will be taking out... As a matter of fact, a spike is coming to clear the highs
Anything is possible.
Most important that everything is going according to our plan!!!
  • #123,364
  • Jan 5, 2021 11:40am Jan 5, 2021 11:40am
I want to see how THIS plays out after Asian session.
As you can see, this works every time! This is the best indicator to find short term reversal points!!!
(It has another important piece of the puzzle, but I can't post it here, because ATA will HIDE IT - it's another pair that we have to consider in order for this to work properly)
Attached Image (click to enlarge)
Click to Enlarge Name: DXY and EUR SMT chart.png Size: 87 KB
  • #123,365
  • Jan 5, 2021 11:45am Jan 5, 2021 11:45am
Quoting Ata-Turkoglu
{quote} Welcome to the family.. make sure to read rules on page 1 and then enjoy! Cheers Stay Green
Ata , what do you think about trading by artificial intelligence or a trading robot? Did you find anything useful in this regard?
  • #123,366
  • Jan 5, 2021 11:58am Jan 5, 2021 11:58am
I reckon that EURUSD will rise first when preliminary runoff results are being published as a strong initial democratic lead is likely. Then it will reverse again as Republican votes come in to wait for the final result.
Another day, another dollar.
  • #123,367
  • Jan 5, 2021 12:00pm Jan 5, 2021 12:00pm
Quoting myths
{quote} Ata , what do you think about trading by artificial intelligence or a trading robot? Did you find anything useful in this regard?
A trading robot coded via let's say C++ might work well if the coder is highly talented to mimic the exact idea in his mind into code.. MT4, MT5 or all similar coding tools are full of bugs and highly insufficient to do the things you would like to do when it comes to automated trading.. Therefore my answer is mostly "no"! If you are not a nerd from MIT or similar forget automated trading.. You can use these low value experts only as partial helpers for your own trading that's all.. It is still better to trade manually for most retail traders like us.

Stay Green
Focus only on what truly matters!
  • #123,368
  • Jan 5, 2021 12:16pm Jan 5, 2021 12:16pm
Quoting MnrComposite
{quote} Although we are seeing some pull back, that latest high around 1.2290 gives us roughly a 63% probability of reaching 1.23395 before 1.22395. Anything can happen though! Sellers look to be coming in pretty strong.
Now that 1.2300 has been breached, we have about a 72% probability of going to 1.23395 before 1.22395.

Cheers to the longs!
Viewing the market through f(x)
  • #123,369
  • Jan 5, 2021 12:29pm Jan 5, 2021 12:29pm
Quoting MnrComposite
{quote} Now that 1.2300 has been breached, we have about a 72% probability of going to 1.23395 before 1.22395. Cheers to the longs!
looks like I missed the lock and load... and took a short instead. Will watch tonight and see if there is a drop below 12280 which will take me to b/e taking into account today’s profits
Insane in the Brain..
  • #123,370
  • Jan 5, 2021 2:26pm Jan 5, 2021 2:26pm
1.2300 is proving to be a nice resistance level. Always got to watch how it plays around the 00 levels!
Viewing the market through f(x)
  • #123,371
  • Jan 5, 2021 2:55pm Jan 5, 2021 2:55pm
Quoting MnrComposite
1.2300 is proving to be a nice resistance level. Always got to watch how it plays around the 00 levels!
I am not sure yet... I watched the last minutes of the last H1 candle and the opening of the current candle "live" . In the first seconds the wick of this still bearish H1 candle pushed my favourite trend indicator from down to up again. The red line (some might remember) is the trend line I drew manually a loooong time ago. As long as the candles follow and do not make a real attempt to break down for sure I am still bullish (with care).
Attached Image
  • #123,372
  • Jan 5, 2021 3:04pm Jan 5, 2021 3:04pm
it is good to sell EU at these highs for scalping purposes
  • #123,373
  • Jan 5, 2021 4:11pm Jan 5, 2021 4:11pm
Quoting funzodundee
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 {image}
Part one achieved but I suspect it may slowly drift down for now
It's a big game.
  • #123,374
  • Jan 5, 2021 4:12pm Jan 5, 2021 4:12pm
Tomorrow is fomc meeting, so expect increased volatility.
Bulls have upper hand so for the rest of this week i will be buying dips

Buy limit at 1.22594
Sl 50 pips
Tp 1.23218
Risk comes from not knowing what to do
  • #123,375
  • Jan 5, 2021 4:15pm Jan 5, 2021 4:15pm
Quoting ursinho4711
{quote} I am not sure yet... I watched the last minutes of the last H1 candle and the opening of the current candle "live" . In the first seconds the wick of this still bearish H1 candle pushed my favourite trend indicator from down to up again. The red line (some might remember) is the trend line I drew manually a loooong time ago. As long as the candles follow and do not make a real attempt to break down for sure I am still bullish (with care). {image}
I hope you are right!

I am still holding long from 1.2270 area looking for 1.23395.

The odds are definitely in our favor! Looking at about 80% probability of reaching 1.23395 before 1.22395.
Viewing the market through f(x)
  • #123,376
  • Jan 5, 2021 5:01pm Jan 5, 2021 5:01pm
Quoting Austyno
Tomorrow is fomc meeting, so expect increased volatility. Bulls have upper hand so for the rest of this week i will be buying dips Buy limit at 1.22594 Sl 50 pips Tp 1.23218
I agree with this, in the sense that I think e/u can ping pong around go down maybe during asia and then go up again beginning european session or something like that. It has almost reached the last day highs but failed to really breach it, so maybe just a bit of ping-pong, not much.

We'll see. I agree also the senate runoff results will cause significant reaction (perhaps even over-reaction as they will come in during low liquidity asia session).
  • #123,377
  • Jan 5, 2021 7:59pm Jan 5, 2021 7:59pm
https://www.nytimes.com/interactive/...a-runoffs.html

As some predicted, initial dem lead, USD strength, if republicans end up winning, perhaps USD weakness. Just speculative.

t/a wise I hope now it retraces to 1.224/2 and then up again to 1.235
  • #123,378
  • Jan 5, 2021 8:20pm Jan 5, 2021 8:20pm
Quoting Starcraftmaz
s some predicted, initial dem lead, USD strength, if republicans end up winning, perhaps USD weakness. Just speculative. t/a wise I hope now it retraces to 1.224/2 and then up again to 1.235
I thought a democratic senate is bad for the USD because then Biden can do whatever he wants to do (raise taxes e.g.). A republican senate will keep the USD stronger as then there would be a regulative instance.
  • #123,379
  • Jan 5, 2021 9:32pm Jan 5, 2021 9:32pm
Quoting ursinho4711
{quote} I thought a democratic senate is bad for the USD because then Biden can do whatever he wants to do (raise taxes e.g.). A republican senate will keep the USD stronger as then there would be a regulative instance.
Raising tax is bad for business and the general broad stock market. What happen to USD when stocks crashed?
  • #123,380
  • Jan 5, 2021 9:54pm Jan 5, 2021 9:54pm
Quoting Austyno
{quote} There's is a 99.9% chance that yesterday's high will be taking out... As a matter of fact, a spike is coming to clear the highs
As predicted, a spike that cleared the high happened but i got the timing wrong . We have a new weekly high and that automatically gives bulls upper hand.
My advice? Only sell for scalping purposes
Risk comes from not knowing what to do
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