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EURUSD Club - Get Your Trend Right

  • #541
  • Jan 14, 2021 11:14am Jan 14, 2021 11:14am
Not sure if its going down. Dip was a buy spike due to 2 trillion stimullus package. Technicals said down but the news said up. Think it may stall for a while.
  • #542
  • Jan 14, 2021 11:16am Jan 14, 2021 11:16am
Any guess how the Powell speech should affect PA?
14 min to go...
You cannot fail if you never give up.
  • #543
  • Jan 14, 2021 11:17am Jan 14, 2021 11:17am
Quoting 7154Superman
{quote} Lot sizes are the same every time, except for 1 point so I can close them individually if necessary. Like if .01 lot or 1,000 euros is 1/8 the size of my account, then I go in 1st 1,000, 2nd 1,001, 3rd, 1,002, etc. If they are all 1,000, then I can't close them individually. Weird... My brokers are Forex.com and Oanda.
I'm asking because when I look at Dileepav80 account I get crazy
  • #544
  • Jan 14, 2021 11:35am Jan 14, 2021 11:35am
It looks like it may be on the bearish side, but its more long term as they are saying they may raise rates later in the year.
  • #545
  • Jan 14, 2021 11:53am Jan 14, 2021 11:53am
Quoting 7154Superman
{quote} It's dropping now... Changed TP to 30 pips at 1.21184 But am prepared to close manually in the green if bulls kick in again.
But we have a spike up instead. My strategy is now to hold and wait until the bulls are finished, then short the top.
You cannot fail if you never give up.
  • #546
  • Jan 14, 2021 11:54am Jan 14, 2021 11:54am
....looking for shorting further up..............
  • #547
  • Jan 14, 2021 12:03pm Jan 14, 2021 12:03pm
.... selling on further spike ups could be tried............use confirmation....
  • #548
  • Jan 14, 2021 12:04pm Jan 14, 2021 12:04pm
Quoting 7154Superman
{quote} But we have a spike up instead. My strategy is now to hold and wait until the bulls are finished, then short the top.
Entered 3rd short at 1.21728. Avg position = 1.21565.
TP remains at 1.21184
But if I'm in the green and PA looks bullish again, I will pull out manually. Never be greedy...
You cannot fail if you never give up.
  • #549
  • Edited 1:19pm Jan 14, 2021 12:11pm | Edited 1:19pm
Quoting 7154Superman
{quote} Entered 3rd short at 1.21728. Avg position = 1.21565. TP remains at 1.21184 But if I'm in the green and PA looks bullish again, I will pull out manually. Never be greedy...
Closed my 3rd position for +7.6 pips. Looks like it might go higher. I may be wrong...
Will add short if it goes up again.
You cannot fail if you never give up.
  • #550
  • Jan 14, 2021 12:18pm Jan 14, 2021 12:18pm
Quoting klm1011
.... selling on further spike ups could be tried............use confirmation....
closing soon...

Attached Image (click to enlarge)
Click to Enlarge Name: 15 wedge.PNG Size: 23 KB
  • #551
  • Jan 14, 2021 12:40pm Jan 14, 2021 12:40pm
Quoting klm1011
{quote} closing soon... {image}
I hope so
  • #552
  • Jan 14, 2021 1:11pm Jan 14, 2021 1:11pm
Quoting pingus21
{quote} I hope so
.......................
  • #553
  • Jan 14, 2021 1:24pm Jan 14, 2021 1:24pm
Quoting pingus21
{quote} I hope so
Oh, it's going down now. Possibly new low today yet. Let's see.
You cannot fail if you never give up.
  • #554
  • Jan 14, 2021 1:30pm Jan 14, 2021 1:30pm
Quoting 7154Superman
{quote} Oh, it's going down now. Possibly new low today yet. Let's see.
Just look at that. 30 minute candles never closed above.
Plateau top = big drop. I may be wrong though...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-01-14-14-27-29.png Size: 119 KB
You cannot fail if you never give up.
  • #555
  • Jan 14, 2021 1:39pm Jan 14, 2021 1:39pm
Quoting 7154Superman
{quote} Just look at that. 30 minute candles never closed above. Plateau top = big drop. I may be wrong though... {image}
H1, H2, & H4 all closed with plateau tops. What now? Failed to break out to the upside again today despite some bullish volume.. Gotta go down now
Bulls are waiting below 1.21
You cannot fail if you never give up.
  • #556
  • Jan 14, 2021 2:12pm Jan 14, 2021 2:12pm
Need to close below 2150 to be on 0
  • #557
  • Jan 14, 2021 2:49pm Jan 14, 2021 2:49pm
Quoting pingus21
Need to close below 2150 to be on 0
Me too. So, now it's a "watch and wait" game throughout Asian session. No hasty reactions.
I admit that my entrance was hasty. Could end up as a costly mistake. But price is still likely to drop some since we're at the top of the channel. I'll be ready to exit quick once bulls kick in again or enter a small TP if I can't watch it.
You cannot fail if you never give up.
  • #558
  • Jan 14, 2021 2:57pm Jan 14, 2021 2:57pm
Quoting 7154Superman
{quote} Me too. So, now it's a "watch and wait" game throughout Asian session. No hasty reactions. I admit that my entrance was hasty. Could end up as a costly mistake. But price is still likely to drop some since we're at the top of the channel. I'll be ready to exit quick once bulls kick in again or enter a small TP if I can't watch it.
For me it's time to sleep. On 4am I'm gonna jumping or crying ?
  • #559
  • Edited 3:19pm Jan 14, 2021 3:08pm | Edited 3:19pm
Quoting pingus21
{quote} For me it's time to sleep. On 4am I'm gonna jumping or crying ?
In your case, I would enter TP at BE. Tomorrow is another day.
I'm still planning on shorting the tops if it doesn't go down yet.
But please don't just follow me. I barely even trust myself here. I don't really operate by a set system. It's usually more like a gut feeling, and going by what I can see in general. Directly following another trader is not wise. I tried that. It didn't work. We all make mistakes. If the leader makes a mistake, then his followers suffer worse.
I would like to post a disclaimer that regardless how much I win or lose, I'm not responsible for the results of those who attempt to follow me. Thank you!
You cannot fail if you never give up.
  • #560
  • Jan 14, 2021 8:36pm Jan 14, 2021 8:36pm
Quoting 7154Superman
{quote} Closed my 3rd position for +7.6 pips. Looks like it might go higher. I may be wrong... Will add short if it goes up again.
Bears finally pushed through. Closed my shorts at 1.21453.
Bulls looking anxious to get in for the ride up to 1.22.
I'm just thankful I could get out with a few green pips.
Will wait until London/New York session for next development. See ya then.
You cannot fail if you never give up.
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