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  • #125,721
  • Feb 2, 2021 8:22am Feb 2, 2021 8:22am
Quoting Ata-Turkoglu
{quote} Once again have to get rid of this short order here at 1.20445 with -3.5 pips.. Really weird that this happens twice now today especially since I started sharing entries more clearly on this thread.. I will not share entries for a while.. {image}
We're in a weird area where the market is deciding whether it wants a big pull back since it just broke the range it was just in or wants to continue straight down, it makes sense that you're getting lots of strange signals, you'll probably be fine as normal once this settles
  • #125,722
  • Feb 2, 2021 8:24am Feb 2, 2021 8:24am
Quoting Kyuu
{quote} We're in a weird area where the market is deciding whether it wants a big pull back since it just broke the range it was just in or wants to continue straight down, it makes sense that you're getting lots of strange signals, you'll probably be fine as normal once this settles
Thanks.. yeah something like that probably.. Just wondering why today.. that's all..

One thing for sure with current situation: I can't sell while price is above 1.2041.. Careful bears.. last time this happened robber banks faked me and still went down but this time I suspect it will shoot up!!!!
Focus only on what truly matters!
  • #125,723
  • Feb 2, 2021 8:26am Feb 2, 2021 8:26am
Quoting Ata-Turkoglu
{quote} Once again have to get rid of this short order here at 1.20445 with -3.5 pips.. Really weird that this happens twice now today especially since I started sharing entries more clearly on this thread.. I will not share entries for a while.. {image}
Ahh ATA, nooooo still need ur professional and wisdom
  • #125,724
  • Feb 2, 2021 8:40am Feb 2, 2021 8:40am
Lets take out this low then we're away to the races!
  • #125,725
  • Feb 2, 2021 8:48am Feb 2, 2021 8:48am
And...done! That's me out with all the pips
Charts don't drive price, market conditions drive price...
  • #125,726
  • Feb 2, 2021 8:50am Feb 2, 2021 8:50am
My SL for my long is at 1.202 , it looks like it's gonna hit. I can't get myself to short because I'm too late. If my SL gets hit, I'll be on the sidelines until 1.19822. I'm hoping this is just a slight fakeout/SL hit to pullback/correction. This is crazy that this move can just happen with no news or anything
  • #125,727
  • Feb 2, 2021 8:51am Feb 2, 2021 8:51am
Quoting Kyuu
My SL for my long is at 1.202 , it looks like it's gonna hit. I can't get myself to short because I'm too late. If my SL gets hit, I'll be on the sidelines until 1.19822. I'm hoping this is just a slight fakeout/SL hit to pullback/correction. This is crazy that this move can just happen with no news or anything
NY opening bell.. pretty normal imo
  • #125,728
  • Feb 2, 2021 8:51am Feb 2, 2021 8:51am
Quoting xUoyssimix
{quote} Ahh ATA, nooooo still need ur professional and wisdom
Lol.. all well buddy.. no worries
Focus only on what truly matters!
  • #125,729
  • Feb 2, 2021 8:54am Feb 2, 2021 8:54am
Quoting mysterio
{quote} NY opening bell.. pretty normal imo
The 5 am candle is what killed me, the last 10 seconds and first 10 second of the 5:00 and 5:15 15 min candle nuked down 30 pips and my SL was at 1.206 for that but didn't get triggered until 1.204 somehow. Too a ridiculously huge loss there
  • #125,730
  • Feb 2, 2021 8:56am Feb 2, 2021 8:56am
Quoting Kyuu
My SL for my long is at 1.202 , it looks like it's gonna hit. I can't get myself to short because I'm too late. If my SL gets hit, I'll be on the sidelines until 1.19822. I'm hoping this is just a slight fakeout/SL hit to pullback/correction. This is crazy that this move can just happen with no news or anything
You should check the EU economical data, they are horrible. This is holding well, it should have fallen much more actually.
  • #125,731
  • Feb 2, 2021 8:58am Feb 2, 2021 8:58am
Quoting BabaVanga
{quote} You should check the EU economical data, they are horrible. This is holding well, it should have fallen much more actually.
When did that come out? I expected this to go to 1.19822, but not as fast as it's doing it. I'm waiting to see where this 1 hour closes, wish I had just closed my long earlier... Besides, my strategy (which I didn't follow) doesn't relate to the news. I think it's all mostly a ruse to make it look one way
  • #125,732
  • Feb 2, 2021 9:01am Feb 2, 2021 9:01am
Quoting mysterio
Selling here 1.2050. Broken daily level, round number, 0.382 retrace of morning move, SL 1.2065 TP open EDIT- stop to BE, will enter short again higher if it takes me out
Just took my 30 pips.. redeemed myself after that awful buy this morning (note to self don't trade against clear fundamental headwinds) and target met between this and Cable.. good luck all
  • #125,733
  • Feb 2, 2021 9:01am Feb 2, 2021 9:01am
I mean watching the hourly candle close, they really are pushing it as bearish as possible to the last second of the close. At this rate, we could reach 1.19822 today if they really want to make it happen, but I am seriously hoping for a big ass correction before it happens. If not, I'll take my L for being stupid
  • #125,734
  • Feb 2, 2021 9:07am Feb 2, 2021 9:07am
... https://www.forexfactory.com/thread/...9#post13389799
================
imo:
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  • #125,735
  • Feb 2, 2021 9:36am Feb 2, 2021 9:36am
EURUSD has done this before, faked the downfall and shot up a few days later. I believe there will be a change of sentiment as more people will think the US dollar is going to keep going up and if EURUSD stays above 1.2 it should shoot back up....
  • #125,736
  • Feb 2, 2021 9:38am Feb 2, 2021 9:38am
Quoting Kyuu
I mean watching the hourly candle close, they really are pushing it as bearish as possible to the last second of the close. At this rate, we could reach 1.19822 today if they really want to make it happen, but I am seriously hoping for a big ass correction before it happens. If not, I'll take my L for being stupid
It's the perfect storm of a US reflation trade (look where real rates are going) and a shaky vaccine roll out in Europe
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  • #125,737
  • Feb 2, 2021 10:06am Feb 2, 2021 10:06am
potential mean reversion from here
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  • #125,738
  • Feb 2, 2021 10:19am Feb 2, 2021 10:19am
Signs of bottoming here, double bottom with divergence on 5m. But it would seem strange to come all the way down here and not touch 1.20 (the November breakout level)..?
  • #125,739
  • Feb 2, 2021 10:21am Feb 2, 2021 10:21am
Traders, be careful for longs. I still see bearish candle formations on the lower time-frames. Price may still pull back to 1.200X

Trade Safe
Guz
Charts don't drive price, market conditions drive price...
  • #125,740
  • Feb 2, 2021 10:30am Feb 2, 2021 10:30am
On the daily we are just touching down on upward trend channel made by May 14th breakout from consolidation and Nov 3rd (Election Day) volatility. I would prefer that 1.2020 held so I don't have to trade against COT traders. However, Dems not using their majority to rush through stimulus might be convincing some people that they're not going to be anti austerity after all, which would weigh on the prevailing narrative that USD gets spent/printed into oblivion.
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