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  • #128,861
  • Mar 18, 2021 7:30am Mar 18, 2021 7:30am
if closes below 1935 short seller are coming in harder. Buying low is the only option. 1901 area will be another hurdle.
  • #128,862
  • Mar 18, 2021 7:30am Mar 18, 2021 7:30am
Well that’s not a fun way to wake up....startled by the alert your position was closed...at stop. Trying a small short on the pullback and holding for the remainder of the week. Just gave up the gains of my last 3 well played trades
--post hoc ergo propter hoc--
  • #128,863
  • Mar 18, 2021 7:35am Mar 18, 2021 7:35am
Quoting Austyno
IMO the level that might save bulls now is 1.19300 and reason being that we took out yesterday's high before dropping... Booked all my shorts from top with a cumulative of +125 pips. I have a buy limit @ 1.19300 Sl 50 pips Tp 1.20148 I hope I don't regret the decision of closing my shorts
Buy limit active
Risk comes from not knowing what to do
  • #128,864
  • Mar 18, 2021 7:38am Mar 18, 2021 7:38am
USDX

https://www.mql5.com/en/charts/13633...-group-limited

EURUSD

https://www.mql5.com/en/charts/13633...-group-limited
  • #128,865
  • Mar 18, 2021 7:48am Mar 18, 2021 7:48am
Attached Image (click to enlarge)
Click to Enlarge Name: 9ae0582c53328eb152ebef3f1498987d.png Size: 120 KB
  • #128,866
  • Mar 18, 2021 8:03am Mar 18, 2021 8:03am
Quoting Austyno
{quote} Buy limit active
Curious why do you always use 50 pip stops?
  • #128,867
  • Mar 18, 2021 8:14am Mar 18, 2021 8:14am
This is looking pretty awful for my long now, 1.19105 is the important horizontal level we broke through yesterday but I have a feeling we won't hold it.. sitting on a 15 pip draw down... I knew I shouldn't have longed with that 4H candle
  • #128,868
  • Mar 18, 2021 8:51am Mar 18, 2021 8:51am
Quoting Kyuu
{quote} Curious why do you always use 50 pip stops?
First and foremost, I am a day trader and I noticed that based on Eurusd current Atr, a stop of 50 pips will not hit if my direction is correct. Unless it's a bad trade.
Risk comes from not knowing what to do
  • #128,869
  • Mar 18, 2021 8:53am Mar 18, 2021 8:53am
Quoting Austyno
{quote} First and foremost, I am a day trader and I noticed that based on Eurusd current Atr, a stop of 50 pips will not hit if my direction is correct. Unless it's a bad trade.
that actually confuses me even more because I thought swing traders who hold for longer time frames trade on candles like the daily so their stops are bigger, but I've noticed you always use 50 but your logic makes sense.
  • #128,870
  • Mar 18, 2021 9:01am Mar 18, 2021 9:01am
Ata do you have a bail out price for your long or has your bias switched to short?
  • #128,871
  • Mar 18, 2021 9:02am Mar 18, 2021 9:02am
I am looking at the 1.1905-1.1910 area as the tipping zone between short term bullish reversal and longer term bearish continuation. Yesterday's giant 2 p.m. (EDT) candle opened at 1.1908 and if the market makers are trying to clear out as many long positions as they can by erasing all the post FOMC announcement gains, this should be the level to go to. If we continue below however then I think there is a stronger force at play. Currently holding a long position from 1.941 but on the edge of cutting the loss and likely reversing to short.
  • #128,872
  • Mar 18, 2021 9:05am Mar 18, 2021 9:05am
Get in the Zone ii.
https://forexfore.blog/2021/03/18/ha...-fur-the-zone/
  • #128,873
  • Mar 18, 2021 9:11am Mar 18, 2021 9:11am
1.19157 is a support take longs
  • #128,874
  • Mar 18, 2021 9:13am Mar 18, 2021 9:13am
Quoting macdulio
Get in the Zone ii. https://forexfore.blog/2021/03/18/ha...-fur-the-zone/
Thanks macdulio now if I understand your latest graphics when you show your possible operations. Thanks
  • #128,875
  • Mar 18, 2021 9:16am Mar 18, 2021 9:16am
Quoting macdulio
Get in the Zone ii. https://forexfore.blog/2021/03/18/ha...-fur-the-zone/
I hardly understand what you're trying to say haha. I'm guessing you're short with your stop where you have it, and grand exit was the fake out for longs. I don't understand all the other markings though
  • #128,876
  • Mar 18, 2021 10:19am Mar 18, 2021 10:19am
Quoting Kyuu
{quote} I hardly understand what you're trying to say haha. I'm guessing you're short with your stop where you have it, and grand exit was the fake out for longs. I don't understand all the other markings though
Ditto - thanks for the chart would appreciate a breakdown sometime what means what.
--post hoc ergo propter hoc--
  • #128,877
  • Mar 18, 2021 10:41am Mar 18, 2021 10:41am
Have you guys seen this Powell speech in 15? is that new?

https://www.federalreserve.gov/newsevents/calendar.htm
  • #128,878
  • Mar 18, 2021 11:05am Mar 18, 2021 11:05am
My trash long is now BE , but idk if the trend is up or this is ap ullback... i think ill just cut it to be safe

Edit: Exited my long with a super small profit, that will be my rule for when my level of support simply does not hold. Even though the horizontal level is holding now, I can simply re-enter if price goes back if I price lets me, or maybe even short.
  • #128,879
  • Mar 18, 2021 11:19am Mar 18, 2021 11:19am
This is a broken resistance as support + important horizontal level. It makes perfect sense in hindsight why price has rejected hard there. If price goes back down 1 more time, I will long there anticipating some type of stop hunt with a small stop once a new low is made. worst case scenario I lose or don't even trade since price may simply continue upwards.
Attached Image (click to enlarge)
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  • #128,880
  • Mar 18, 2021 11:35am Mar 18, 2021 11:35am
Quoting MtheD
Have you guys seen this Powell speech in 15? is that new? https://www.federalreserve.gov/newsevents/calendar.htm
Was a last-minute addition, only added 44mins before it was scheduled to go ahead. Not sure why, seems a bit odd though,
A wise man changes his mind, a fool never will
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