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EURUSD only

1.19289 long order entry triggered, either a big win or a fast loss. That 4 hour candle wick that made a slightly higher high before immediate rejection has enough momentum to crush the bulls imo.
if closes below 1935 short seller are coming in harder. Buying low is the only option. 1901 area will be another hurdle.
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--
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
USDX

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

EURUSD

https://www.mql5.com/en/charts/13633...-group-limited
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Quoting Austyno
{quote} Buy limit active
Curious why do you always use 50 pip stops?
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
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
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.
Ata do you have a bail out price for your long or has your bias switched to short?
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.
Get in the Zone ii.
https://forexfore.blog/2021/03/18/ha...-fur-the-zone/
1.19157 is a support take longs
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
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
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--
Have you guys seen this Powell speech in 15? is that new?

https://www.federalreserve.gov/newsevents/calendar.htm
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.
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.
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