EURUSD only | Page 6364 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

  • #127,261
  • Feb 23, 2021 7:19am Feb 23, 2021 7:19am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20210223_184837.jpg Size: 189 KB
  • #127,262
  • Feb 23, 2021 7:24am Feb 23, 2021 7:24am
1hr close above 1.2154 is more bullishness to 1.2166 - 1.2177.

Dxy no 1hr closes below 90.17
  • #127,263
  • Edited 7:52am Feb 23, 2021 7:34am | Edited 7:52am
Quoting JeromePowell
So we had this inverse H&S pattern, featured on various news websites. On 4H chart one can see the false break of the neckline and 4HR bearish outside bar. Seems like longs are trapped and eurusd might go lower. {image}
The larger TF H&S patterns on Euro rarely if ever behave in a 'textbook' way I find, IE break neckline, retest neckline, complete. It's pretty good for an early indication of the ultimate direction but I find you can't get reliable entries from them. This one will eventually come good I think but you've no chance getting a good entry/stoploss on it. On a side note, we're lucky to have Jerome Powell squeezing in an FF post before testifying

Re-entered long on the pivot with stop at BE but I feel it might make another dash down before up. Either that or EU totally tricked me, would not be the first time
  • #127,264
  • Feb 23, 2021 7:38am Feb 23, 2021 7:38am
Sell EU at 1,2140.
  • #127,265
  • Feb 23, 2021 7:46am Feb 23, 2021 7:46am
Quoting bigiivan
Sell EU at 1,2140.
IMO, Better wait for the US open or DXY 4hr to close.
  • #127,266
  • Edited 8:43am Feb 23, 2021 7:49am | Edited 8:43am
Quoting bigiivan
Sell EU at 1,2140.
Any reason why?
...because you never know - until you do!
  • #127,267
  • Feb 23, 2021 8:00am Feb 23, 2021 8:00am
If the bears are true, retest of 1.2166 - 1.2174 is inevitable.
  • #127,268
  • Feb 23, 2021 8:25am Feb 23, 2021 8:25am
Two '' M '' Patterns with variations.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (382).png Size: 319 KB
Click to Enlarge Name: Screenshot (383).png Size: 365 KB
  • #127,269
  • Feb 23, 2021 8:35am Feb 23, 2021 8:35am
If any M15 candle closes below 1.2143 I switch to selling.. Otherwise keep buying dips..
Focus only on what truly matters!
  • #127,270
  • Feb 23, 2021 8:45am Feb 23, 2021 8:45am
Quoting Ata-Turkoglu
If any M15 candle closes below 1.2143 I switch to selling.. Otherwise keep buying dips..
This candle closed below, I've been short but where do you plan on selling? What's your nearest resistance? Also news comes in 15 minutes
  • #127,271
  • Feb 23, 2021 8:56am Feb 23, 2021 8:56am
Quoting Kyuu
{quote} This candle closed below, I've been short but where do you plan on selling? What's your nearest resistance? Also news comes in 15 minutes
Based on M15, 1.2143 is my current aggressive sell level.. *I don't give a damn about news..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M15-Status-Update.png Size: 33 KB
Focus only on what truly matters!
  • #127,272
  • Feb 23, 2021 9:01am Feb 23, 2021 9:01am
Quoting Ata-Turkoglu
{quote} Based on M15, 1.2143 is my current aggressive sell level.. *I don't give a damn about news.. {image}
Yeah me neither, but sometimes I get stopped in a correct trade before news because they mess with the market but lately, the market has already accumulated by then and just shoots in the right direction. What's your stop if you get triggered in the trade? Goodluck

Edit: If you sold, I'd assume you are entered now
  • #127,273
  • Feb 23, 2021 9:02am Feb 23, 2021 9:02am
Quoting mysterio
{quote} Watching DXY retest a 4h TL soon too.
So, this is done, either it's straight bull from here on Euro or I have to rethink !
  • #127,274
  • Feb 23, 2021 9:04am Feb 23, 2021 9:04am
Quoting mysterio
{quote} So, this is done, either it's straight bull from here on Euro or I have to rethink !
I agree with you but also a potential straight bear with a pullback. Regardless, we should see a powerful move in either direction over the next couple 4 hour candles
  • #127,275
  • Feb 23, 2021 9:04am Feb 23, 2021 9:04am
Quoting Kyuu
{quote} Yeah me neither, but sometimes I get stopped in a correct trade before news because they mess with the market but lately, the market has already accumulated by then and just shoots in the right direction. What's your stop if you get triggered in the trade? Goodluck Edit: If you sold, I'd assume you are entered now
My mental stop is at 1.2162..
Focus only on what truly matters!
  • #127,276
  • Feb 23, 2021 9:12am Feb 23, 2021 9:12am
Quoting Kyuu
{quote} I agree with you but also a potential straight bear with a pullback. Regardless, we should see a powerful move in either direction over the next couple 4 hour candles
Yea true. I'm piecing together other parts, like bull wave 3, overall long term trend, H&S, triangle breakout, COT, triangle/fib retrace etc. But yea i'm trading very carefully as the more obvious something seems to me, the more lax I tend to get! The daily supply we're at is the main thing i'm worried about.. going to need a lot of bull power.
  • #127,277
  • Feb 23, 2021 9:12am Feb 23, 2021 9:12am
Quoting Traderview
Two '' M '' Patterns with variations. {image} {image}
hello dear.
where do you think the short transaction should be taken again?
  • #127,278
  • Feb 23, 2021 9:13am Feb 23, 2021 9:13am
Quoting Ata-Turkoglu
{quote} My mental stop is at 1.2162..
That's hilarious, that's exactly to the pip where I have my stop for no apparent reason haha. I moved mine up now to 1.2165 just in case
  • #127,279
  • Feb 23, 2021 9:27am Feb 23, 2021 9:27am
As so often:
Attached Image
Trends have a higher probability of continuing than not.
  • #127,280
  • Feb 23, 2021 9:31am Feb 23, 2021 9:31am
1.22 coming up!
78 traders viewing now, 2 are registered:
ricj18
,
drawdownfx