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  • #125,661
  • Edited 3:35am Feb 2, 2021 3:07am | Edited 3:35am
Took the long side on the breakout from this range, kind of an inverse H&S on the 5min (and usual scalp short from the pivot).

Not feeling all that confident on this, I have mixed views on the dollar and think there's a good chance we'll see more strength, but possibly a bit of retracement first.

Edit- out -10. Straight up just a bad trade bought straight into a confluence area and didnt come out BE when I had the chance.
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  • #125,662
  • Feb 2, 2021 3:42am Feb 2, 2021 3:42am
These kind of drunk moves do happen from time to time.. I don't mind them anymore.. It is what it is.. I follow my rules 100%..

Stay Green
Focus only on what truly matters!
  • #125,663
  • Feb 2, 2021 3:48am Feb 2, 2021 3:48am
I have a short at 1.20848 and am planning to close it at a new daily low.

Edit. Because I don't believe the down can resume yet and I anticipate a significant retr up after a new low.
Practitioner of the cryptic trading arts
  • #125,664
  • Feb 2, 2021 4:07am Feb 2, 2021 4:07am
H1 Status Update

Back below Dashed-BLUE and back to selling.. Hopefully price will re-visit 1.2085 area.. (Although it doesn't look like price can go back up there) Anyway.. if not, I will figure an entry point with help of M15..

On a side note: I always wonder how robber banks achieve these weird moves to mess especially with my highly personal plan.. really interesting how they closed it in the last minutes above my Dashed-BLUE line to drop it one candle later back to same lows.. If I had planned to just sell touch to GREEN line I swear this time they would drag it up and it would stay above GREEN in a most stubborn way.. Happens often.. therefore I stick to rules and offer no emotions.. otherwise these drunk moves can really mess up with a trader's psychology..
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Focus only on what truly matters!
  • #125,665
  • Feb 2, 2021 4:09am Feb 2, 2021 4:09am
Now no 4hr closes above 1.2076.
  • #125,666
  • Feb 2, 2021 4:16am Feb 2, 2021 4:16am
Just sit it out till test 1.2000 and later 1.1965. All that scalping is tiresome
Trends have a higher probability of continuing than not.
  • #125,667
  • Feb 2, 2021 4:16am Feb 2, 2021 4:16am
Quoting Ata-Turkoglu
On a side note: I always wonder how robber banks achieve these weird moves to mess especially with my highly personal plan.. really interesting how they closed it in the last minutes above my Dashed-BLUE line to drop it one candle later back to same lows.. If I had planned to just sell touch to GREEN line I swear this time they would drag it up and it would stay above GREEN in a most stubborn way.. Happens often.. therefore I stick to rules and offer no emotions.. otherwise these drunk moves can really mess up with a trader's psychology.. ...
I've been following you for quite sometime, and as newbie trader, it's amazes me how you can be so emotionally stable and stick to your rules! Cheers and thank you for sharing valuable information with us
  • #125,668
  • Feb 2, 2021 4:17am Feb 2, 2021 4:17am
Quoting Traderview
Now no 4hr closes above 1.2076.
whats going on suddenly?
My observation may be wrong but intent correct. Stay calm!
  • #125,669
  • Feb 2, 2021 4:19am Feb 2, 2021 4:19am
Dear bulls, beware and stay away from buying until 1.2015... I keep selling upswings..

Stay Green
Focus only on what truly matters!
  • #125,670
  • Feb 2, 2021 4:21am Feb 2, 2021 4:21am
Quoting Traderview
Now no 4hr closes above 1.2076.
Well done. The burst happened.
  • #125,671
  • Feb 2, 2021 4:21am Feb 2, 2021 4:21am
Quoting Endoephemera
I have a short at 1.20848 and am planning to close it at a new daily low. Edit. Because I don't believe the down can resume yet and I anticipate a significant retr up after a new low.
Closed the short half soon after new daily low and half at good price after the (unexpected) down impulse.

Plus made a little money on the upside.

Account +3.6% 77% ops in profit.

Taking a break. Going for a walk.
Practitioner of the cryptic trading arts
  • #125,672
  • Feb 2, 2021 4:21am Feb 2, 2021 4:21am
And that was it! Now we just fall. Waiting 1,1900-1,1800 ... even 1,1700. With or without corrections.
  • #125,673
  • Feb 2, 2021 4:22am Feb 2, 2021 4:22am
... https://www.forexfactory.com/thread/...5#post13388105
==================
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  • #125,674
  • Feb 2, 2021 4:23am Feb 2, 2021 4:23am
Quoting parshal
{quote} whats going on suddenly?
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  • #125,675
  • Feb 2, 2021 4:26am Feb 2, 2021 4:26am
Quoting Traderview
Now no 4hr closes above 1.2076.
perfect bro.
  • #125,676
  • Feb 2, 2021 4:26am Feb 2, 2021 4:26am
Quoting lucky1359
{quote} {image}
In general, it should compensate with the US stimulus package
My observation may be wrong but intent correct. Stay calm!
  • #125,677
  • Feb 2, 2021 4:30am Feb 2, 2021 4:30am
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Trends have a higher probability of continuing than not.
  • #125,678
  • Feb 2, 2021 4:31am Feb 2, 2021 4:31am
Quoting parshal
{quote} whats going on suddenly?
Nothing. It's just broken this sideways range 1.2060 - 1.2180. So the bottom broken with a plunge.
  • #125,679
  • Feb 2, 2021 4:38am Feb 2, 2021 4:38am
It'll definitely pullback from 1.2011 to 1.2032 - 1.2040. But a strong support sits at 1.1965.

On DXY, 91.37 - 91.61, is the reaction zone.
  • #125,680
  • Feb 2, 2021 4:41am Feb 2, 2021 4:41am
When you trade the plan...
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Charts don't drive price, market conditions drive price...
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