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EURUSD only

  • #125,861
  • Feb 3, 2021 9:56am Feb 3, 2021 9:56am
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The Average Discount Everything
  • #125,862
  • Feb 3, 2021 10:01am Feb 3, 2021 10:01am
Quoting Wavegarrick
{quote} Usdx has been a guiding light in these unclear times with EU. I suspect a test of the round number at 92.00. {image}Eu crunching along {image}I wish you green pips. Cheers
Hi Guys,
The big fat round number at 1.20000 beckons. It is all up to the big boyz now. Could we see a bounce from this level or a smash down? I am heading towards the end of my system cycle so will be careful to add more shorts. I hope the momentum can carry bears through. It just doesn't make sense for price to rebound here, but as we all know. The market will decide.
I will update in due course.
Trade safe.
Cheers.
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Trade to trade another day
  • #125,863
  • Feb 3, 2021 10:04am Feb 3, 2021 10:04am
Quoting newbegger
{image} Put on long position at 1.2059. It's early so I will leave some wiggle room with stop under 1.20. Maybe a double bottom, maybe not.
Looks like I will get stopped out for a loss on this trade. Is only 1 position as I did not have confidence in the trade.

As I look at the chart in the quote, it is a triple bottom not a double. Very often, triple tops and bottoms are continuation signals that momentum is changing. In this example, it has gone lower as short term trend is down.
Ecclesiastes 1:9
  • #125,864
  • Feb 3, 2021 10:06am Feb 3, 2021 10:06am
Quoting Wavegarrick
{quote} Hi Guys, The big fat round number at 1.20000 beckons. It is all up to the big boyz now. Could we see a bounce from this level or a smash down? I am heading towards the end of my system cycle so will be careful to add more shorts. I hope the momentum can carry bears through. It just doesn't make sense for price to rebound here, but as we all know. The market will decide. I will update in due course. Trade safe. Cheers. {image}
In my experience when price slows down in approach to a major resistance, it will break through.

Edit: Resistance or support, same thing.
Practitioner of the cryptic trading arts
  • #125,865
  • Feb 3, 2021 10:09am Feb 3, 2021 10:09am
Quoting Wavegarrick
{quote} Hi Guys, The big fat round number at 1.20000 beckons. It is all up to the big boyz now. Could we see a bounce from this level or a smash down? I am heading towards the end of my system cycle so will be careful to add more shorts. I hope the momentum can carry bears through. It just doesn't make sense for price to rebound here, but as we all know. The market will decide. I will update in due course. Trade safe. Cheers. {image}
1.2003 is the bottom of a falling wedge on DAILY.. I hate falling wedges because they can trick both sides.. It is likely we will see a bounce up but before that they can imitate a smash down.. My two cents
Focus only on what truly matters!
  • #125,866
  • Feb 3, 2021 10:09am Feb 3, 2021 10:09am
Quoting newbegger
{quote} Looks like I will get stopped out for a loss on this trade. Is only 1 position as I did not have confidence in the trade. As I look at the chart in the quote, it is a triple bottom not a double. Very often, triple tops and bottoms are continuation signals that momentum is changing. In this example, it has gone lower as short term trend is down.
Hold it for a while, breaking below 1.2000 would require something big and I think today is not the day.
  • #125,867
  • Feb 3, 2021 10:14am Feb 3, 2021 10:14am
Quoting Matts Micro
{quote} TS +21 pips over all. Was close to my SL. I may be about to miss a larger move but it is in my plan so I followed it. Will enter short again on a correction until it hits my buying zone. {image}
Short.
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As the lights go by so too do the shadows move
  • #125,868
  • Feb 3, 2021 10:14am Feb 3, 2021 10:14am
MAPPING
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The Average Discount Everything
  • #125,869
  • Feb 3, 2021 10:24am Feb 3, 2021 10:24am
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The Average Discount Everything
  • #125,870
  • Feb 3, 2021 10:24am Feb 3, 2021 10:24am
Not over yet, but that were some fast and safe 10 pips ;-)

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  • #125,871
  • Feb 3, 2021 10:40am Feb 3, 2021 10:40am
Quoting hesron
{image}
Back in the 80's my generation would hit the TV box several times when we had a screen like this.. just kidding..
Focus only on what truly matters!
  • #125,872
  • Edited 11:01am Feb 3, 2021 10:47am | Edited 11:01am
15m closed as a doji/spinning top on the upper TL. you could 'probably' short here, I won't be however. 1.2023. If the 15m breaks up then we may see a bit more up movement closer to the opening price. Double bottom is the danger for shorts.

Edit- and another spinning top, sneaking above the TL now. Short might be a bit dangerous.
  • #125,873
  • Feb 3, 2021 10:55am Feb 3, 2021 10:55am
Quoting purevenom
Not gonna lie, i kinda want this to go as low as .1200-.19xx then go back up But i don't think they care what i want.
Took more than a week. already scalping long at 2018 open price
Still going to tolerate bear pressure as long as no weekly close below 1.196
Will history going to repeat it self and this month turn bullish for last attempt to move up..
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Don't mind me.. i'm crazy
  • #125,874
  • Feb 3, 2021 10:55am Feb 3, 2021 10:55am
I'm out. Seems to me unlikely to break this late in the day. Hoping for up retr. and tomorrow break. +3.3% on my account today.
Practitioner of the cryptic trading arts
  • #125,875
  • Feb 3, 2021 11:17am Feb 3, 2021 11:17am
Quoting parshal
taken long at1.2013
added take profit as 1.2130 now
My observation may be wrong but intent correct. Stay calm!
  • #125,876
  • Feb 3, 2021 11:41am Feb 3, 2021 11:41am
H1 Status Update

I don't plan to sell this for now (based on low volume and divergence) but as you can see 1.2027 is still resisting well.. Calling it a day here.. Hopefully I continue tomorrow after London opening.. Cheers
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Focus only on what truly matters!
  • #125,877
  • Feb 3, 2021 12:02pm Feb 3, 2021 12:02pm
Quoting Matts Micro
{quote} Short. {image}
Added to position.
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As the lights go by so too do the shadows move
  • #125,878
  • Feb 3, 2021 12:37pm Feb 3, 2021 12:37pm
Long and waiting for price to close above 1.203 for me to be comfortable
  • #125,879
  • Feb 3, 2021 12:39pm Feb 3, 2021 12:39pm
Quoting Kyuu
Long and waiting for price to close above 1.203 for me to be comfortable
Careful it might not be able to break 1.2027 resistance watch for move down in early pm lunch hour done power hour coming. Banks should increase short position before close
Over 1500+ confirmed sniped pips... and counting...
  • #125,880
  • Feb 3, 2021 12:59pm Feb 3, 2021 12:59pm
Quoting Ata-Turkoglu
{quote} 1.2003 is the bottom of a falling wedge on DAILY.. I hate falling wedges because they can trick both sides.. It is likely we will see a bounce up but before that they can imitate a smash down.. My two cents
Hey Ata, what do you mean by „imitate a smash down“?
Another day, another dollar.
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