Founder of Sutherland Wave Principle
- #1,191,421
- Feb 26, 2021 12:31pm Feb 26, 2021 12:31pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
- #1,191,422
- Feb 26, 2021 12:36pm Feb 26, 2021 12:36pm
- | Joined Sep 2010 | Status: Trader | 1,883 Posts
- #1,191,423
- Edited 5:18pm Feb 26, 2021 1:03pm | Edited 5:18pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
Whew!! 
Finally made it back to BE with my shorts at 1.2079!!!
I was unfortunately on deep drawdown for a couple weeks. Had to bring in emergency funds to prevent margin call.
Cashed out now with small profit at the bottom at 1.207xx and went long for next week.
If my long positions are in the green by the end of day, I will close them and start afresh next week.
I expect a consistent bullish run for the next few weeks, for the purpose of testing January's high of 1.234, and possibly a little higher to trap bulls before more consolidation around 1.21-1.225, then finally a real bear market in April with target of 1.16xx. But remember, on Forex, nothing goes in a straight line.
So, I'm expecting to buy the dips next week, and sell the tops if they get stretched out.
Good luck and stay green.
Finally made it back to BE with my shorts at 1.2079!!!
I was unfortunately on deep drawdown for a couple weeks. Had to bring in emergency funds to prevent margin call.
Cashed out now with small profit at the bottom at 1.207xx and went long for next week.
If my long positions are in the green by the end of day, I will close them and start afresh next week.
I expect a consistent bullish run for the next few weeks, for the purpose of testing January's high of 1.234, and possibly a little higher to trap bulls before more consolidation around 1.21-1.225, then finally a real bear market in April with target of 1.16xx. But remember, on Forex, nothing goes in a straight line.
So, I'm expecting to buy the dips next week, and sell the tops if they get stretched out.
Good luck and stay green.
You cannot fail if you never give up.
- #1,191,425
- Feb 26, 2021 3:16pm Feb 26, 2021 3:16pm
- Joined Aug 2016 | Status: Trader | 10,372 Posts
Exited shorts as shown... and reversed to long. Standing orders for more at 61.2 and lower IF seen...
- #1,191,426
- Feb 26, 2021 4:18pm Feb 26, 2021 4:18pm
- Joined Aug 2016 | Status: Trader | 10,372 Posts
E. cls at 1.20 73 have a nice weekend all
- #1,191,427
- Feb 26, 2021 4:20pm Feb 26, 2021 4:20pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} That's the problem with this thread. There are people in here who just like to start stuff with others. Nothing changes.
You cannot fail if you never give up.
- #1,191,428
- Feb 26, 2021 4:46pm Feb 26, 2021 4:46pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
{quote} That's because there is nobody really overseeing this thread. So, all the trolls come here because they know they won't get blocked out...
Learn from your mistakes and march on.
- #1,191,429
- Feb 26, 2021 5:09pm Feb 26, 2021 5:09pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} Ignoring them isn't enough, in my opinion. If they behave like trolls, then should be blocked from posting. It's unfortunate this thread doesn't have a moderator.
I also tend to be outspoken sometimes, calling others out because of hypocrisy or inconsistencies. Or because of misleading posts like Techanalyst. Or just vent my emotions and be heard...
Ata won't allow it on "EUR/USD Only." Klm1011 won't allow it on "EUR/USD Club." You might not allow it on your thread...
But guess what? All the action comes here then....
Ata keeps his "professionals" who cater to his style.
And everybody else who likes it loud and noisy comes here...
That's fine by me.... I know how to put a troll in his place. This is not my first rodeo... But I like the diverse action and the freedom of speech. That's awesome! No restrictions or fear of getting kicked out.
Just in case you didn't notice, this thread was dead until I came along. I tend to have that kind of effect on people...
You cannot fail if you never give up.
- #1,191,430
- Feb 26, 2021 5:23pm Feb 26, 2021 5:23pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
Whew!!
Anyway, so I'm holding my longs over the weekend, hoping for a good retrace up to 1.213 or more on Monday.
You cannot fail if you never give up.
- #1,191,432
- Feb 28, 2021 3:29pm Feb 28, 2021 3:29pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
If you are tracking the EUUSD this week, consider this technical perspective. A shooting star formation was produced on Thursday on the EURUSD daily time frame. This was followed by a relatively big bearish continuation candlestick on Friday. A bearish follow-through may initially find a reaction around 1.120400 but we can see a further bearish move to the 19430 horizontal support area (green) to complete an ‘M’ pattern that began with a bullish drive on February 5, 2021.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #1,191,433
- Feb 28, 2021 5:24pm Feb 28, 2021 5:24pm
- | Joined Nov 2019 | Status: Trader | 2,763 Posts
LOCK IN RE-ENTER
- #1,191,434
- Feb 28, 2021 5:40pm Feb 28, 2021 5:40pm
- Joined Jan 2019 | Status: Trader | 2,797 Posts
I'll look at EU from the bigger picture stance as going into much details will mix things a lot since lot of supports/resistance might or not hold the pair from lower time frames perspective.
Mainly, I look at 1.2230s as major turning point, base above will push the pair to 1.2380s and possibly above later on, while staying below there might lead to breaking 1.2060 toward 1.1870s that should hold the pair from further falling in March. Only an unexpected base below 1.1820 will change the whole picture to a clear very bearish movement.
In general, like I see it for most currencies vs the dollar, there might be an up move first as a swing to retrace then the fall will follow.
In any case, set your entries TP/SL according to my said levels
Mainly, I look at 1.2230s as major turning point, base above will push the pair to 1.2380s and possibly above later on, while staying below there might lead to breaking 1.2060 toward 1.1870s that should hold the pair from further falling in March. Only an unexpected base below 1.1820 will change the whole picture to a clear very bearish movement.
In general, like I see it for most currencies vs the dollar, there might be an up move first as a swing to retrace then the fall will follow.
In any case, set your entries TP/SL according to my said levels
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
- #1,191,435
- Feb 28, 2021 5:50pm Feb 28, 2021 5:50pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
Learn from your mistakes and march on.
- #1,191,437
- Feb 28, 2021 6:23pm Feb 28, 2021 6:23pm
- Joined Mar 2010 | Status: Trader | 376 Posts
I am convinced that bonds will rise (yields down) which will mean a way stronger USD.
First trade of the week: SELL EUR/USD 1.2089.
Close 50% of this trade at 1.2045 and put a stop in at entry and let it run. 
First trade of the week: SELL EUR/USD 1.2089.
Close 50% of this trade at 1.2045 and put a stop in at entry and let it run.
It's a big game.
- #1,191,438
- Feb 28, 2021 7:51pm Feb 28, 2021 7:51pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
At the moment the croud seems to be eager for a bull ride so things are going to be a little slower... but to be on a safer side, just wait for the tide... i presume its going to be a long bumpy BULL ride... just brace your skate board for the perfect timing BEWARE OF sharks (spikes)
Excellent perspective. We are indeed surfing the ocean waves, and gotta watch out for the sharks....
You cannot fail if you never give up.
- #1,191,440
- Feb 28, 2021 10:29pm Feb 28, 2021 10:29pm
- Joined Jun 2013 | Status: enjoying life | 23,864 Posts | Online Now
