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EURUSD only

  • #125,361
  • Jan 28, 2021 9:39am Jan 28, 2021 9:39am
Quoting Wavegarrick
{quote} The year-long Dollar index descending trendline at 90.75 ish was pierced today, just saying. Cheers. {image}
Hi Guys,
Technically speaking Usdx is ripe for a buy trade, but there is a big But. It is on the edge of a cliff. I have a confluence of pivots here. My weekly pivot, monthly pivot, and 61.8% fib retrace at 90.366 ish. I will wait for price to settle here and hopefully stay above to enter EU shorts.
Trade safe,
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #125,362
  • Jan 28, 2021 9:54am Jan 28, 2021 9:54am
Quoting Glpp
{quote} Hi ATA in your system buy the line break LWMA or just the reverse dashed line ? Thx for all !
Long story... All has been explained here long time ago.. study in your free time and you will figure.. Cheers
https://www.forexfactory.com/thread/...-explained-faq

On H1 I am waiting for price to come back to 1.21195 area.. Once/if price touches Dashed-RED and the next H1 candle opens above Dashed-RED we will get the real buy level.. Just waiting on side lines for now..
Focus only on what truly matters!
  • #125,363
  • Jan 28, 2021 9:59am Jan 28, 2021 9:59am
EURUSD update: My SL at 1.2146 held as the price held 1.21420 (420 baby)

If this can close beneath 1.21258 in 2 minutes I will be extremely confident in my short. y TP is 1.20779 where I will long with a SL of 5 pips. If it breaks, I'll probably sit out to see what price does.

Edit: closed beneath 1.21258! Bless
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  • #125,364
  • Jan 28, 2021 10:03am Jan 28, 2021 10:03am
This seems to be a very common occurance for impulse spikes on the Euro. Retrace from a level to 0.382 fib of the impulse, then revisit the same top before retracing again. I don't remember ever seeing it hitting a level and cleanly reversing. I guess traders/algos fading the spike then unloading their positions after a quick profit.
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  • #125,365
  • Jan 28, 2021 10:03am Jan 28, 2021 10:03am
Quoting Wavegarrick
{quote} Hi Guys, Technically speaking Usdx is ripe for a buy trade, but there is a big But. It is on the edge of a cliff. I have a confluence of pivots here. My weekly pivot, monthly pivot, and 61.8% fib retrace at 90.366 ish. I will wait for price to settle here and hopefully stay above to enter EU shorts. Trade safe, Cheers. {image}
Yes, leon DXY is tired to drop again , it's the time now to show its power to EU bulls not being stubborn to go up.
  • #125,366
  • Jan 28, 2021 10:12am Jan 28, 2021 10:12am
Quoting hans91
{quote} Yes, leon DXY is tired to drop again , it's the time now to show its power to EU bulls not being stubborn to go up.
Hi Hans,
Thanks, Buddy, Yes touch wood. Logic tells me that we should go down or correct with EU after such a good run. It is up to the big players now.
Cheers
Leon
Trade to trade another day
  • #125,367
  • Edited 10:30am Jan 28, 2021 10:14am | Edited 10:30am
Aggressive buy would be to just buy the touch to 1.21195.. (A) Normal buy is once we see that current candle (any candle that touches the line first) closes above Dashed-RED then we try to buy 1.21175 (1).. Therefore I have to wait for the next H1 candle.. 46 more minutes to see.. Zzzzz...

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #125,368
  • Jan 28, 2021 11:11am Jan 28, 2021 11:11am
Bears need daily close below 1.2112 and bulls need above 1.2124.

The nearest resistance is 1.2137. It could go and retest it. I'll sell it here again.
  • #125,369
  • Jan 28, 2021 11:15am Jan 28, 2021 11:15am
Quoting Wavegarrick
{quote} Hi Guys, Technically speaking Usdx is ripe for a buy trade, but there is a big But. It is on the edge of a cliff. I have a confluence of pivots here. My weekly pivot, monthly pivot, and 61.8% fib retrace at 90.366 ish. I will wait for price to settle here and hopefully stay above to enter EU shorts. Trade safe, Cheers. {image}
I am opening some Eu short trades in this area at 1.21250, s/loss 25 pips
Cheers
Trade to trade another day
  • #125,370
  • Jan 28, 2021 11:49am Jan 28, 2021 11:49am
Based on H1 I am not selling while above GREEN BUT if I had to sell I would not start before 1.21365.. Meaning those who went long at 1.2117/19 area should watch 1.21365 resistance area carefully.. Maybe moving stops to BE or to +10 would be a wise decision once price gets there..

Stay Green
Focus only on what truly matters!
  • #125,371
  • Jan 28, 2021 11:55am Jan 28, 2021 11:55am
Moving my short SL to 1.21365 break even area, the last 15 min candle managed to close bullish and I'm hoping within these next 5 minutes, this 15 min candle can close as an engulfing bear candle. Would be strange to watch this go higher from here so I think it's just a pullback to scare shorts before quickly dropping? let's see
  • #125,372
  • Jan 28, 2021 12:35pm Jan 28, 2021 12:35pm
Quoting Ata-Turkoglu
Based on H1 I am not selling while above GREEN BUT if I had to sell I would not start before 1.21365.. Meaning those who went long at 1.2117/19 area should watch 1.21365 resistance area carefully.. Maybe moving stops to BE or to +10 would be a wise decision once price gets there.. Stay Green
Sir, You are genius! I support you.
  • #125,373
  • Jan 28, 2021 12:36pm Jan 28, 2021 12:36pm

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  • #125,374
  • Jan 28, 2021 12:48pm Jan 28, 2021 12:48pm
Short got stopped out at 1.21373, I'm on the sidelines now.
  • #125,375
  • Jan 28, 2021 12:50pm Jan 28, 2021 12:50pm
Quoting HK.Sweet
{quote} Sir, You are genius! I support you.
I love Ata Sir also!
  • #125,376
  • Jan 28, 2021 12:55pm Jan 28, 2021 12:55pm
Quoting HK.Sweet
{quote} Sir, You are genius! I support you.
Thanks.. Now we arrived at expected levels.. Bulls need a breakout from channel and especially above 1.2143.. Bears might retest channel mid section (1.2125 area)..

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #125,377
  • Jan 28, 2021 1:11pm Jan 28, 2021 1:11pm
DXY testing 90.42/43 again, showing bullish divergence
  • #125,378
  • Jan 28, 2021 3:20pm Jan 28, 2021 3:20pm
Looks like I got stopped 1 pip from the top at 1.2138 because I entered a trade that isn't a part of my strategy and didn't want to take a loss but now I'll probably just watch this drop 60 pips down to 1.20779 without me. I keep managing to exit my position on all my winning trades somehow.
  • #125,379
  • Jan 28, 2021 3:47pm Jan 28, 2021 3:47pm
Quoting Traderview
Bears need daily close below 1.2112 and bulls need above 1.2124. The nearest resistance is 1.2137. It could go and retest it. I'll sell it here again.
You are really good, have been following you for some time now. Happy to get to know new talents.
By the way where is andvk74? Dropped him a PM, hope all is well with him.
I truly enjoy reading this thread. It does help to see opinions of decent traders who has hard cash on the line.

Good night folks.
  • #125,380
  • Jan 28, 2021 7:07pm Jan 28, 2021 7:07pm
Quoting Connors
{quote} You are really good, have been following you for some time now. Happy to get to know new talents. By the way where is andvk74? Dropped him a PM, hope all is well with him. I truly enjoy reading this thread. It does help to see opinions of decent traders who has hard cash on the line. Good night folks.
Thanks man. Like you I've never stopped learning.
I don't know what happened to Andvk74. Hope everything is going well with him.
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