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Trading EURUSD only 43,756 replies

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EURUSD only

  • #127,721
  • Edited 4:40pm Mar 1, 2021 4:29pm | Edited 4:40pm
Quoting PipPower
{quote} Math is pips for each trade combined. I use a intraday trend following strategy, and look for 3, or 4 to 1 R:R Risking typically .5% account each trade Up to 1% if I’m confident on trade. Very well could be what you’re saying! 1.2050 acting as resistance now though, but sleepy volume so on the side lines for now. let’s wait, watch, and find out. Green Trading!
Ahh I see what you did there. Yeah, my mental stop is still 1.2055 area since I expected a block around 1.205 , I moved my stop up so it doesn't get triggered by the spread right now. Any close above 1.205 or if price breaches 1.2055/1.206 I'll look to exit my short and sideline. The Daily closed right at the place where I expected it to hold resistance which is a bit sus so I'll have to keep an eye on this till London open I guess.

I'm thinking price will do something like my drawing below, it'll most likely definitely break this resistance line and consolidate outside of it without closing above this line, but closing above the resistance line, and it'll then drop for it's final leg .
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  • #127,722
  • Mar 1, 2021 6:59pm Mar 1, 2021 6:59pm
Quoting Kyuu
{quote} Ahh I see what you did there. Yeah, my mental stop is still 1.2055 area since I expected a block around 1.205 , I moved my stop up so it doesn't get triggered by the spread right now. Any close above 1.205 or if price breaches 1.2055/1.206 I'll look to exit my short and sideline. The Daily closed right at the place where I expected it to hold resistance which is a bit sus so I'll have to keep an eye on this till London open I guess. I'm thinking price will do something like my drawing below, it'll most likely definitely break this resistance...
Close enough on the photos The real question is will we see a pullback/reversal tonight on London open or will we drop more?
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  • #127,723
  • Mar 1, 2021 7:48pm Mar 1, 2021 7:48pm
If I see a hard bounce off of 1.2026 and a W form, my strategy says we should pullback to 1.21258 before dropping lower.

If we manage to crush this support level, I don't think we'll have the pullback I want and I also have no idea how far this can drop. I have another support level at 1.2020 but it's been violated many times. I'm on the lookout for a W tonight to cover my short and go long. I hope we get something as clean as we had recently at the beginning of February (box is accumulation, pop above support, crush horizontal resistance level, re-test the level.
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  • #127,724
  • Mar 1, 2021 9:28pm Mar 1, 2021 9:28pm
Quoting corongumet
TF H4 Im not perfect counting elliot wave but maybe it can help us. Wave 3-5 Use Fibo extention Wave 2-4 use fibo Retracement {image} TF Weekly {image}
Wave 1 has minimum rules its break wave C (correction). If we look at 5min and 15 min. Its maybe has done. So i look for pullback. With key level pullback on 1.1995
  • #127,725
  • Mar 1, 2021 10:28pm Mar 1, 2021 10:28pm
I shall keep selling High EU all day
  • #127,726
  • Mar 1, 2021 10:59pm Mar 1, 2021 10:59pm
Divergence in 15m can indicate pullback is near, market likely to test 1.215xx before head back south again
Attached Image (click to enlarge)
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  • #127,727
  • Mar 2, 2021 12:22am Mar 2, 2021 12:22am
let us not forget we have nfp around the corner markets should be going slow till then
Forensic
  • #127,728
  • Mar 2, 2021 12:41am Mar 2, 2021 12:41am
Good morning y'all
As i mentioned earlier, i have started selling the highs

I have a sell limit @ 1.20591 (main trade for today)
Sl 50 pips
Tp @ 1.19855

i also have a buy @ 1.19855( i think that's a bouncing spot and its also a verified support on daily...i don't expect us to take out the lows of last month...There is a possibility that today will close bullish as a hammer)
Target is 1.21327
Sl 50 pips.

lets see how it plays out today.
Risk comes from not knowing what to do
  • #127,729
  • Mar 2, 2021 1:22am Mar 2, 2021 1:22am
1.20061 is my last pullback potential price, otherwise we just keep going lower. 1.19822 should hold as support IF we are going to actually continue up as a trend, but I think that's over.
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  • #127,730
  • Mar 2, 2021 1:57am Mar 2, 2021 1:57am
Pull back most likely from NY.
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  • #127,731
  • Mar 2, 2021 1:58am Mar 2, 2021 1:58am
Quoting Traderview
Pull back most likely from NY. {image} {image}
In my view at 1.1995
  • #127,732
  • Mar 2, 2021 2:10am Mar 2, 2021 2:10am
Quoting corongumet
{quote} In my view at 1.1995
Might hunt the SL. From 1.1977 - 1.1950 all are bulls spot but it could bounce earlier from 1.1977 and deception the traders.

Lets see
  • #127,733
  • Mar 2, 2021 2:22am Mar 2, 2021 2:22am
I think it is heading to 19.55
Attached Image (click to enlarge)
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Do more of what works and less of what doesn't
  • #127,734
  • Mar 2, 2021 2:25am Mar 2, 2021 2:25am
I will post about it., On the way, going to my home.
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  • #127,735
  • Mar 2, 2021 2:28am Mar 2, 2021 2:28am
If 1.19822 does not hold as support, 1.18865 is my next target most likely to see if there's a pullback. Still watching the market carefully now for a pullback signal.
  • #127,736
  • Edited 2:49am Mar 2, 2021 2:36am | Edited 2:49am
Hi,

After learning so much from Ata, This is the first time i post my humble entry.

Brought @ 1.20068
SL @ 1.19800
TP will be look @1.20250 (see how it react) and ultimate TP will be @ 1.21000

Green pips to all bro and sis here

(edited the price to 1.20250)
  • #127,737
  • Mar 2, 2021 2:44am Mar 2, 2021 2:44am
Quoting xUoyssimix
Hi, After learning so much from Ata, This is the first time i post my humble entry. Brought @ 1.20068 SL @ 1.19800 TP will be look @1.20500 (see how it react) and ultimate TP will be @ 1.21000 Green pips to all bro and sis here
sell spike and retrace is the game, sell 1.2047, 1.2037, 1.2027, 1.2017 for tp 1.1984 ( Big Brother is watching you )

Attached Image
Trends have a higher probability of continuing than not.
  • #127,738
  • Mar 2, 2021 3:21am Mar 2, 2021 3:21am
Buy 1.2002 for a 20-40 PiPs retr. up
Practitioner of the cryptic trading arts
  • #127,739
  • Mar 2, 2021 3:53am Mar 2, 2021 3:53am
Attached Image (click to enlarge)
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My trading plan for this week

i want to set sell limit @1.2116
SL (iv)+5 pips
TP 1.20541

I want to set again sell limit @1.21649
TP: Unsetup
SL: 10 Pips

Skenario will valid if break 1.2068x
  • #127,740
  • Mar 2, 2021 4:12am Mar 2, 2021 4:12am
updates on another trade

added an additional short trade on eurusd on 2/3
Attached Image (click to enlarge)
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