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  • #127,801
  • Edited 4:15am Mar 3, 2021 3:02am | Edited 4:15am
From here it's either an up and down or a down and up. Either is fine, but the up and down is preferable because there's more movement.

UPDATE. That, 1.21062 was the up

UPDATE. ...and that didn't quite work out. Should go make a new daily now...

UPDATE. OK Forget the the new daily low. Just give me 1.201 1.2101

UPDATE. OK Thanks. I'm long now. Damn. 1.21062 was good for new wave down to new daily low. But instead they decided for the up direct... apparently

UPDATE. Around 1.2094 everybody that matters should be on board, positioned long, let's go.

UPDATE. ...on the other hand there are retails long below that are in the money. It would be nice to run them over first...
Practitioner of the cryptic trading arts
  • #127,802
  • Mar 3, 2021 3:16am Mar 3, 2021 3:16am
all on sell
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  • #127,803
  • Mar 3, 2021 3:29am Mar 3, 2021 3:29am
Quoting corongumet
{image} 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
added Sell limit @ 1.21346 SL 10pips TP 1.20661
set sell limit @1.2116 SL (iv)+5 pips TP 1.2054 edited to Sell limit @S 1.2116 SL open TP 1.20661 (maybe adjusted waiting for confirmation)
  • #127,804
  • Edited 3:53am Mar 3, 2021 3:41am | Edited 3:53am
Wow I got screwed , long got stopped at 1.2074 (the exact pip) so I went short thinking it was a rejection of a bull flag and a M and of course a W formed at the exact point I entered, lost 26 pips instead of making 26.

Looks like my original plan of longing TP 1.21258 then shorting at 1.21258 is still valid. Next time, I won't trust patterns created by low volatility and will expect a whipsaw. If 1.21258 doesn't hold, I'll sideline

I always tell myself the 4H close tells the truth. In hindsight, it's 20/20. You just don't see the whipsaw they do on the 15 min there. My stop was at 1.207 but after I woke up for London session, I moved it up 4 pips only because I saw some up movement. My support was at 1.20779 and I know I need to give myself around 10 pips under support to take into consideration the noise.

I definitely didn't expect that hardcore pullback just to go back up in my original direction, but what a small and greedy mistake that was on me.
  • #127,805
  • Mar 3, 2021 3:49am Mar 3, 2021 3:49am
While US 10 year bond yield is taking Breathe under 1.5%. For today it looks the target can be 1.21630
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  • #127,806
  • Mar 3, 2021 3:52am Mar 3, 2021 3:52am
Quoting tush1822
While US 10 year bond yield is taking Breathe under 1.5%. For today it looks the target can be 1.21630 {image}
Lets see
  • #127,807
  • Mar 3, 2021 3:58am Mar 3, 2021 3:58am
EUR/USD turning point on 1H chart which will occur on 2021.03.03
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  • #127,808
  • Mar 3, 2021 4:00am Mar 3, 2021 4:00am
Thats the 0.5 fib of the down move and 4h TL retest at 1.2115

If this isn't the top then i'm screwed
  • #127,809
  • Mar 3, 2021 4:25am Mar 3, 2021 4:25am
Unless a top really forms here over the next 2 days or so, then momentum is still up. Seems reasonable that price can challenge the upper part of this range.
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  • #127,810
  • Mar 3, 2021 4:32am Mar 3, 2021 4:32am
Quoting mysterio
Thats the 0.5 fib of the down move and 4h TL retest at 1.2115 If this isn't the top then i'm screwed
No more drop, its going to up again but not fully until hitted 1.2140-1.2180
  • #127,811
  • Mar 3, 2021 4:34am Mar 3, 2021 4:34am
Quoting mysterio
Thats the 0.5 fib of the down move and 4h TL retest at 1.2115 If this isn't the top then i'm screwed
I propose we make another run down to 1.2075 +/- 10 PiPs so that mysterio can reverse long and then we go up.
Practitioner of the cryptic trading arts
  • #127,812
  • Mar 3, 2021 4:57am Mar 3, 2021 4:57am
Quoting Endoephemera
{quote} I propose we make another run down to 1.2075 +/- 10 PiPs so that mysterio can reverse long and then we go up.
Hahaha yes please

Anyone have those amazing days where you decide in a split second ahhh just one more to cap it off, got money banked what could go wrong, then completely ruin everything. Was over 10% positive before this yolo trade and i'm missing out on plenty of other opps whilst this hogs my margin

With that said I did originally say 1.2115 could be the top but I cant tolerate higher than that.. I am still bearish but constantly questioning myself..!
  • #127,813
  • Mar 3, 2021 4:57am Mar 3, 2021 4:57am
I'm in sell mode. TP: 1.1964

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If you do not know who you are, the Forex is the worst place to find you
  • #127,814
  • Edited 5:24am Mar 3, 2021 5:11am | Edited 5:24am
Potential megaphone on M30, if it rebounds from 1.2072, would be similar to 8th Feb pattern after the rebound on the precious day
Another day, another dollar.
  • #127,815
  • Mar 3, 2021 5:24am Mar 3, 2021 5:24am
Quoting skassacomput
I'm in sell mode. TP: 1.1964 {image}
This is similar to my plan, I think we have to at least test the low there, then the bottom of this channel around 1.1900, then possibly even the weekly demand around 1.1883-1.1745- not beyond here though. I'll be looking for a long term bull trade if we get there

What I can see happening is getting down to 1.19ish then making a quick push down to 1.1850-1.1900 area then close the day inside the channel then switch to bullish. From there we are actually in a huge daily bull flag so it would be the perfect play if it works. Not today I mean in the coming days/next week

If we start breaking above 1.2125-41 then i need to rethink
  • #127,816
  • Mar 3, 2021 5:26am Mar 3, 2021 5:26am
Hidden Divergent on H4 TF
Rising and falling like waves in the ocean
  • #127,817
  • Mar 3, 2021 5:28am Mar 3, 2021 5:28am
Quoting nic9man
Potential megaphone on M30, if it rebounds from 1.2072, would be similar to 8th Feb pattern after the rebound on the precious day
How so? On the 5th, it made a new high, then a lower low, then a higher high, then a lower low. If it bounces off of 1.2072, we just have a higher high, lower low, higher high and another lower low. I'm hoping this will bounce up from here
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  • #127,818
  • Mar 3, 2021 5:31am Mar 3, 2021 5:31am
Quoting corongumet
{quote} added Sell limit @ 1.21346 SL 10pips TP 1.20661 set sell limit @1.2116 SL (iv)+5 pips TP 1.2054 edited to Sell limit @S 1.2116 SL open TP 1.20661 (maybe adjusted waiting for confirmation)
Sell limit @1.2116 and sell limit 1.21346 deleted
  • #127,819
  • Edited 5:52am Mar 3, 2021 5:40am | Edited 5:52am
Alright- finally in profit more or less! If i'm right then we should have a nice drop down, assuming we dont rebound significantly off of the megaphone wall

I don't think i've ever been so happy to see the Euro drop like this
  • #127,820
  • Mar 3, 2021 5:50am Mar 3, 2021 5:50am
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