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  • #125,281
  • Jan 27, 2021 3:33pm Jan 27, 2021 3:33pm
Although I cut my sell short made target low of the day 1.2058 with nice rebound back to 1.2120...however I did not take to long trade back up. Note this is a 15m chart.
Is 1.2058 possibly the low of the week? We shall see.
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Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #125,282
  • Jan 27, 2021 3:35pm Jan 27, 2021 3:35pm
Just for you information, there is a hidden bull in DYX on H1 TF.
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  • #125,283
  • Jan 27, 2021 4:04pm Jan 27, 2021 4:04pm
Quoting Austyno
Fomc sell level is 1.21879 Use ur tp and sl as u want
Entry no longer valid, delete if u set it
Risk comes from not knowing what to do
  • #125,284
  • Jan 27, 2021 4:14pm Jan 27, 2021 4:14pm
Quoting Wavegarrick
{quote} The year-long Dollar index descending trendline at 90.75 ish was pierced today, just saying. Cheers. {image}
Hi Wave, I am fully in your camp. I carefully watch the DXY since 3 month and I am seeing a trend change coming. And today there was one of the important trade signals I was looking for - Knot: ECB Has Tools to Counter Euro Appreciation If Needed – on which the EUR dipped instantly.

I have to remind everyone… yes the short term movements are result of algos, but the parameters of the algos getting readjusted according to fundamental changes (capital flow and policies). And that results into trend changes.
And I feel that such change in the fundamentals is currently in the making… by the announcement that the ECB does not want the Euro appreciating. Knot’s message was an intended “forward guiding communication” – for the once that are not familiar with the Orwellian Language here the translation: manipulation of the currency market by influencing the believe of the participants. This is because I think Europe will face the next 2…3 month a hard time (corona Lockdowns) and one surviving tool is do depreciate the currency to animate (with a cheap EUR) oversea customers to lock in orders.

Actually I was of the view that there might be another DXY wave down to 88.40/89.20 which would give me the EUR 1.2420/50 we were looking for. With Knot’s warning this might not going to happen.
So I am expecting from here on a EUR down trend forming – of course over the next weeks and with some up and down swings.
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  • #125,285
  • Jan 27, 2021 4:37pm Jan 27, 2021 4:37pm
Sell limit @ 1.21409
Sl 50 pips
Tp 1.20852
Risk comes from not knowing what to do
  • #125,286
  • Jan 27, 2021 4:42pm Jan 27, 2021 4:42pm
Tomorrow, we have a very high possibility of reaching 1.20000, so if u want, you can hold till then
Risk comes from not knowing what to do
  • #125,287
  • Jan 27, 2021 4:44pm Jan 27, 2021 4:44pm
Quoting newbegger
{quote} {image} Still has a bullish look of higher highs and higher lows. Watching for any sign of weakness. Added to the position on the last dip. planning to add more if it keeps going. Moving stops to 1.2100
Stopped out. Waiting for next signal
Ecclesiastes 1:9
  • #125,288
  • Jan 27, 2021 5:11pm Jan 27, 2021 5:11pm
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#freeforexsignals
  • #125,289
  • Jan 27, 2021 5:24pm Jan 27, 2021 5:24pm
long .1.2101, first target 1.2126, second target 1.2145
MTF PA with indicators = a winning team
  • #125,290
  • Jan 27, 2021 5:43pm Jan 27, 2021 5:43pm
Quoting udithag
Hello friends, Current low in EUR/USD Indicates a low in my 6H chart and it is going to be a significant bottom. Also my daily chart also indicates a trend change around today
I really hope you're right, you've called so many correct before :O I'll be looking to buy at 1.20779. If that level breaks, I think we'll be making new lows :O
  • #125,291
  • Jan 27, 2021 6:26pm Jan 27, 2021 6:26pm
Quoting Kyuu
{quote} My long TP hit for a 25 pip profit and my short entry triggered at 1.21258 keeping my 5 pip SL.
Do you always use a 5 pips SL? I was wondering how it is going. I have thought about that because if a resistance or support is real then price will not go past it. Would take some time and practice to master. Technically you can take more trades and have a rediculously high risk to reward and limit drawdowns if price goes against you, however you can get stopped out pretty quickly.
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #125,292
  • Edited 7:02pm Jan 27, 2021 6:28pm | Edited 7:02pm
Quoting Austyno
Sell limit @ 1.21409 Sl 50 pips Tp 1.20852
has to support at 2085/92 and move back above 2100 for my bullish bias to continue. if true 2140 is very much on.
  • #125,293
  • Jan 27, 2021 6:32pm Jan 27, 2021 6:32pm
Yes, I don't look necessarily for "tops" or "bottoms" but often times that's the case. My strategy allows me to use such tight stop losses because I will know whether I am right or wrong immediately. If price pushes through my level and oscillates up and below my price point, chances are my price will break. If you try to trade by joining an existing trend, 5 pip SL will get you killed unless you're a master of pullbacks/corrections but even then.

I don't recommend using such a tight SL unless you have back-tested and know that you can afford to use such a tight SL.

For example, I'm currently short and I will TP at 1.20779 where I will also enter long with a 5 pip SL. Looks like it's about to hit soon, I honestly believe there's a good chance of it breaking but in the unlikely scenario this recent spike was the low for the Day/week, 1.20779 can bounce up to above 1.21736 potentially. If it breaks, I believe it will go straight down to 1.19822 where I will long with a SL of 5 pips.
  • #125,294
  • Jan 27, 2021 6:42pm Jan 27, 2021 6:42pm
H4 Update Status

Next Target 1975
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  • #125,295
  • Jan 27, 2021 6:48pm Jan 27, 2021 6:48pm
The 61.8% bounced, the 50% is bouncing, and the 38.2% is now bouncing WITH a touch of support. They all look like they're holding, but I think that even this level will break below. After this level is broken, I believe most traders won't try to buy anymore and accept that price will keep going down. If price bounces off my 1.20779 level and my 5 pip SL doesn't get triggered, it will simply sneak it's way up through all these prices and people will just watch it go up expecting it to drop, but it won't (assuming my strategy is correct).
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  • #125,296
  • Edited 7:48pm Jan 27, 2021 7:35pm | Edited 7:48pm
Quoting forextrini1
{quote} When ever I do trade scalps with Oanda all of a sudden their app start acting up and I have to switch to PC. But so far been predictively manipulative so I stick with them cause I know what they gonna do. I might get $20 of the 25 million class action lawsuit them and Gain Capital amongst others are in...Yeahhh
It was an actual bank entry zone why are people screaming manipulation... It bounced off of the Main entry back to the profit exfil back to the main entry and now its back at the exfil target inline with the COT reports..
  • #125,297
  • Edited 11:03pm Jan 27, 2021 10:44pm | Edited 11:03pm
A new Gann method---- Turning forecast
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  • #125,298
  • Jan 28, 2021 12:17am Jan 28, 2021 12:17am
Quoting Kyuu
{quote} I really hope you're right, you've called so many correct before :O I'll be looking to buy at 1.20779. If that level breaks, I think we'll be making new lows :O
Hello my friend, We will see how it goes on. I see a very good turning point around 10 EST today(it is a turning point in 1H,2H,3H,4H and 6H charts. When It comes near to that time, I will analyze it and post here the exact time
  • #125,299
  • Jan 28, 2021 12:18am Jan 28, 2021 12:18am
EUR/USD turning point on 1H chart which will occur on 2021.01.28
EST in 15 min time frame included
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  • #125,300
  • Edited 2:11am Jan 28, 2021 1:20am | Edited 2:11am
In the short side from 1.2093, expect another risk off day with all the gamestop madness.. will put my stop to BE if we get a move and looking to break 2053/60 area

Edit- out BE. Dont see that too often, a symmetrical triangle that broke up, then down, then up again... Couldn't make any pips on that move
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