EURUSD only

long taken with 10 pip sl

Hi traders, today's plan is to buy every dip towards 1.1871 with hopes that the lows will act supportive until bulls show up.. Stops must go a little below 1.1852.. For today only keep your targets limited with 1.1930 area roughly.. Happy trading to all

Im still out. I don't like the feel of the H4 chart wedge. I'm starting to wonder if we are gunna see a plunge on the daily chart with the Fed news later and a bounce near the daily 200 sma as a cover to clear bull stops... it would be a big movement but wouldn't put it past them to do it. Might scalp some today if the opportunity presents.

We are in the middle of a longer valid downtrend on D1. Enough room for up/down. By the way: yesterdays candle followed exactly "the rules" and hit Daily Short Target 2... (don't have the screenshot, but it did. Believe me...)

Levels for today (D1):

Waiting on this too...

Thats a good risk to reward ratio

fully prepared for fomc today

it will be usd weakness day

Hi,

I have been trying to milk 100 pips per trade and while doing that I end up in getting my BE hit. It is easy to get 20 to 25 pips per trade. So will be aiming for 20 pips per trade until there is a clear direction.

Following Ata (My teacher) going with buys with tight sl.

If you want to avoid my dislikes for next time ditch the other charts on your posts.. Only EURUSD charts please.. Thanks

what if all are fully prepared for fomc and usd weakness? Buy on expectations sell on fact.?

I think your strategy for short term not mid-term or longterm

It seems the direction has been set (south)
I am only interested in one level today for selling 1.19421
Sl 50 pips
Tp 1@ 1.18725
Tp 2@ 1.18425
Tp 3@ 1.18029

Am tired of fighting bears, time to join the party

I am longing for some profits 1.1898

UPDATE. Now long at 1.1892 but took some losses and at one point I even lost my net long because I increased too fast as it went down and found myself overextended.

UPDATE. Now long at 1.891 after reducing position at profit. PS. I was such a fool for increasing too fast the long in the down and taking losses...

UPDATE. Out at 1.1916 +2% on equity. Without the original mistake it would have been double that, with no angst.

UPDATE. Small short 1.1915 closed in profit and building another long position 1.1898 This second long building is proving just as tricky as the first one...

UPDATE. 15:14 time from rollover, OK Now long moved to 1.1893 but lost a wee bit of moneys to do it. Erased the long building loss reducing position size. 15:25 It seems to me we shouldn't go down without before running the stops of the currently short guys and yet it's not taking off... 15:35 New relative high 1.19 seems promising... 15:40 1.1901 OK We need to make a new daily high to have the shorts close out.

UPDATE. 16:00 1.1912 locked profits on two thirds of the long. Probably a mistake... I'm betting on a 5 PiPs down retr. before new daily high.
Hedging a winning position mid swing is always tricky... 16:55 1.1905 Hedge off at profit.

UPDATE. 17:28 The hedge paid off. The long is at 1.1893

UPDATE. 20:42 FX time. 1,1909 high hedged one third after riding and closing a few long increments. Still running two thirds of the 1.1893 long
The past hour and a half has been a real challenge... not to fall asleep. If I closed everything at 1.1909 it would be a +4.2% day.

Shorting 1.19, SL to BE asap TP around 1.1860. Heavily short biased following the fundamentals. Which could change tonight

It will be nice to see1.1830-60 ahead of fomc..

H1 Status Update

Based on my chart below bears temporarily have the upper hand until FOMC.. 1.1902 is roughly nearest resistance.. Blue triangle is my focus area to look for buying.. The potential lows for today land at 1.18675 area when I align blue trendline to FOMC minutes.. Scalp-selling is okay.. No rush dear bulls!

*Imho, starting from 1.1871 bulls should kick in.. or when H1 candles close back above Dashed-RED TL.. MACD will probably print a divergence pattern with a new lower low..

See How the Bulls and Bears are working from Jan 2021 till date of 17th March.

See the Bullish and Bearish Candles.

Specially Focus on the ROUND NUMBERS IN GREEN @ ZIGZAG

How they are Acting like Support and Resistance Zone

how many pips up and how many pips down @ ZIGZAG and ROUND NUMBERS

1.1875 - super zone for long

Super Zone for sell
I set sell limit 1.1948 SL 10pips

buckle up gents. this is the last hour or last couple of hours to fall from 1910