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EURUSD only

  • #127,321
  • Feb 24, 2021 3:30am Feb 24, 2021 3:30am
Quoting peterfahey
{quote} Or no way?
...it can stop moving forever !?
  • #127,322
  • Feb 24, 2021 3:32am Feb 24, 2021 3:32am
Quoting mysterio
This is painful- anyone still long? Tempting to take my 20 or so pips and run
I took Half if in doubt take half
  • #127,323
  • Feb 24, 2021 3:34am Feb 24, 2021 3:34am
Quoting mysterio
This is painful- anyone still long? Tempting to take my 20 or so pips and run
There's so much stake in this pair, if I were you, I will take it and wait until the direction is clear
  • #127,324
  • Feb 24, 2021 3:45am Feb 24, 2021 3:45am
Quoting mysterio
This is painful- anyone still long? Tempting to take my 20 or so pips and run edit- screw it- just took 20, its my daily target after all
1.2174 is 23% fib on daily. If we see today close below 1.2150 then more bearishness.

From 1.2150 - 1.2174 is all break out area. Wait for the price to go above or below and in the middle 1.2166 is pull back spot to enter.

If you look at it in 4hrs it's sideways and slight edge to downside but in all other lower TF it looks bullish.

Patience. No rush.
  • #127,325
  • Feb 24, 2021 3:48am Feb 24, 2021 3:48am
Divergence on 1H TF
Safe trade folks
Rising and falling like waves in the ocean
  • #127,326
  • Feb 24, 2021 3:58am Feb 24, 2021 3:58am
The same but different!
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  • #127,327
  • Feb 24, 2021 4:24am Feb 24, 2021 4:24am
Quoting Traderview
{quote} 1.2174 is 23% fib on daily. If we see today close below 1.2150 then more bearishness. From 1.2150 - 1.2174 is all break out area. Wait for the price to go above or below and in the middle 1.2166 is pull back spot to enter. If you look at it in 4hrs it's sideways and slight edge to downside but in all other lower TF it looks bullish. Patience. No rush.
Thanks appreciate the comments. Like you say much better to wait for confirmation and get in on the pullback. It is fun trying to get in before the move but a bit of a crapshoot sometimes.

Looks like I got it wrong, anyway- looks way more likely to be selling in the 1.2160s now, for sure if this TL breaks. The writing was on the wall with the price action around LO, glad I grabbed some pips whilst I could
  • #127,328
  • Feb 24, 2021 4:50am Feb 24, 2021 4:50am
Quoting mysterio
This is painful- anyone still long? Tempting to take my 20 or so pips and run edit- screw it- just took 20, its my daily target after all
well done
Trends have a higher probability of continuing than not.
  • #127,329
  • Feb 24, 2021 5:50am Feb 24, 2021 5:50am
Ata , are you still short?
  • #127,330
  • Edited 6:48am Feb 24, 2021 5:57am | Edited 6:48am
Quoting eurusd-thijs
{quote} well done
Will see- longs looking good again. If we break above this area decisively then i'll long again on the pull back. Trendline held perfectly. Dollar is very indecisive, had a bit of a yield spike today hence the early up move but it's backing off a bit. Just bouncing between two horizontal levels. Got a rectangle drawn around it- looks like a double top/M which means bullish Euro but will wait for conf., Or, it could be a W which is just completing, haha.

Getting confused by this, but currently, looks like a W/double bottom on DXY and the opposite on Eur.. Hate to say it but it's looking like a bear move
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  • #127,331
  • Feb 24, 2021 6:04am Feb 24, 2021 6:04am
With the longs its a case of riding out the corrections as these are part of the structure of the swing , when the corrections change direction then its time to get out

The market will constantly try and fake the longs out with the smaller corrections , its common practise , happens in every swing
Follow The Markets Structure - Patience and Discipline
  • #127,332
  • Feb 24, 2021 6:30am Feb 24, 2021 6:30am
The thing is for longs, there have been no stop hunts really. Put your SL at the low and you’re doing just fine

meanwhile there are so many corrections and shorts are definitely getting stopped (by the looks of it), But is that really the case?

it feels like either there are 2 big forces at play fighting about price, a massive take profit for institutions tricking people to long. Who knows, but I’m sure we’ll find out today and violently. Maybe there will be a final massive stop hunt before the direction is chosen. Let’s see what happens
  • #127,333
  • Feb 24, 2021 6:42am Feb 24, 2021 6:42am
..dear bears: patience!
Focus only on what truly matters!
  • #127,334
  • Feb 24, 2021 6:42am Feb 24, 2021 6:42am
We have to exit from this sideways with spike up and then real down move.
  • #127,335
  • Feb 24, 2021 6:47am Feb 24, 2021 6:47am
Quoting pipfarm
With the longs its a case of riding out the corrections as these are part of the structure of the swing , when the corrections change direction then its time to get out The market will constantly try and fake the longs out with the smaller corrections , its common practise , happens in every swing
yeah sure.
  • #127,336
  • Feb 24, 2021 6:57am Feb 24, 2021 6:57am
Quoting Ata-Turkoglu
..dear bears: patience!
ATA! finally showed up, I am short , I think these robbers are out to trap a lot of retailers today, just watch the footprint on 1H.
  • #127,337
  • Feb 24, 2021 7:06am Feb 24, 2021 7:06am
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  • #127,338
  • Feb 24, 2021 7:08am Feb 24, 2021 7:08am
Honestly, price has just simply completely respected this resistance line and even my horizontal level at one point where it bounced off the pip. This looks to be the official deciding movement because the 4 hour will close in 53 min. Goodluck traders!
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  • #127,339
  • Feb 24, 2021 7:10am Feb 24, 2021 7:10am
30 min lower high lower low minor swings reverses the larger degree swing - time to exit longs but not necessarily time to short
Follow The Markets Structure - Patience and Discipline
  • #127,340
  • Feb 24, 2021 7:12am Feb 24, 2021 7:12am
Quoting energies
............be ready guys, 200 pips south...... {image}
your pictures are the best
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