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  • #128,881
  • Mar 18, 2021 11:40am Mar 18, 2021 11:40am
Sold this @ 1.1937

TP open

Sl @ 1.1960

Now SL @BE.
  • #128,882
  • Mar 18, 2021 11:58am Mar 18, 2021 11:58am
MOFU candle caused deep correction.. However, I still chase buy orders especially until 1.1904 based on H4...
Focus only on what truly matters!
  • #128,883
  • Edited 12:19pm Mar 18, 2021 12:08pm | Edited 12:19pm
Similar with H4, here is my H1 status update.. 1.19165 is classic entry level (the mofu candle is the only reason that causes an exception to buy below GREEN), Based on H1 long entries, all stops must go at least a little below 1.1884..

*I think many newbies now understand what a mofu candle vacuum effect is..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #128,884
  • Mar 18, 2021 12:11pm Mar 18, 2021 12:11pm
Quoting Ata-Turkoglu
Welcome to "EURUSD Only" Every trader loves to post his/her ideas and interact with other traders during exciting, frustrating and most of the times boring trading hours. I believe that the overall subconscious goal is to feel surrounded by living, breathing, real people.. friends.. like-minded personalities who knowingly or unknowingly help each other not to feel isolated from daily life. Otherwise, we would just sit in front of a screen for hours and have conversations with our inner voices, right? That sounds very pathetic to me, to be honest....
Tks for your good ideas
  • #128,885
  • Mar 18, 2021 12:19pm Mar 18, 2021 12:19pm
Quoting Kyuu
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. {image}
I'm glad I took small profit on the long, I had a feeling it would come down to re-test. This is the 4H chart, that big FOMC candle shattered the resistance and we have simply come back to re-test the horizontal level/broken resistance as potential support. Whether or not it will hold, we will figure out but I plan to take a long when the current low is broken when price re-tests the broken resistance a 2nd time IF we get there.

My only problem is that there's only 1 more 4H candle left in the day, trends rarely shoot the other way around this time. If price comes back and touches it close to 5pm EST, I probably will avoid buying. If price consolidates, we could get a re-test during Asian session where most of the big moves the last 2 weeks have taken place...

For now sidelines. Goodluck everyone!
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  • #128,886
  • Mar 18, 2021 12:30pm Mar 18, 2021 12:30pm
Puh, another sweatful day for a grid trader. From noon to LC only down, almost no helpful oscillation. And the robber banks knew my break-even level, came close just to show me the middle finger... huge DD for at least a short win. LC candle saved me... all positions closed and now I can enjoy the evening with my girls... (no, not what you think: "just" daughter and wife).
Green pips and see y'all tomorrow!
  • #128,887
  • Mar 18, 2021 1:34pm Mar 18, 2021 1:34pm
Quoting Traderview
Sold this @ 1.1937 TP open Sl @ 1.1960 Now SL @BE.
I’m short last several hours at 1932 stop -20 pips
still burned about this morning / last night mistake
--post hoc ergo propter hoc--
  • #128,888
  • Mar 18, 2021 1:40pm Mar 18, 2021 1:40pm
Quoting Ata-Turkoglu
*I think many newbies now understand what a mofu candle vacuum effect is.. {image}
not a clue....just getting back into the markets but a quick learner. Read some of your other threads great stuff and way above me at least at the moment.

saw your other recent post and curious what happens if we break past the 1.19165 area? If I’m reading your post right you are long either there or up some more
--post hoc ergo propter hoc--
  • #128,889
  • Mar 18, 2021 1:54pm Mar 18, 2021 1:54pm
Quoting Monk
{quote} not a clue....just getting back into the markets but a quick learner. Read some of your other threads great stuff and way above me at least at the moment. saw your other recent post and curious what happens if we break past the 1.19165 area? If I’m reading your post right you are long either there or up some more
If 1.19165 breaks there is still support at 1.1908.. That's why I said stops have to go a little below 1.1884..
Focus only on what truly matters!
  • #128,890
  • Mar 18, 2021 2:11pm Mar 18, 2021 2:11pm
Quoting Ata-Turkoglu
{quote} If 1.19165 breaks there is still support at 1.1908.. That's why I said stops have to go a little below 1.1884..
eger mavi açıyı (1/1) taşıyan kanal çizgisi kırılırsa yukarıdan gelen sarı renkli 8/1 açısına seviyeyi görene kadar düşer ...şu anki H4 barı itibariyle 1.1850x civarları...iyi çalışmalar
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  • #128,891
  • Mar 18, 2021 2:20pm Mar 18, 2021 2:20pm
After the FOMC release yesterday, price ended up back in my 4hr supply zone which we've obviously rejected strongly and the volume and momentum has been bearish all day. I'm anticipating that the overall bearish momentum will continue and that will carry us to at least 1.18890ish if bears remain relentless in Asia and through the remaining sessions tomorrow, then I believe we'll see 1.18700ish and maybe even 1.18400ish (Both 4hr demand zones) Looking forward to finishing the week strong! Trade Safe and smart!!

https://www.tradingview.com/x/A9hWFmZN/
  • #128,892
  • Edited 3:01pm Mar 18, 2021 2:31pm | Edited 3:01pm
Just opened a buy order at 1.19155 with hopes of a double bottom on M15 and by relying on my H1 classic buy level.. Stops must go at least 20 pips lower.. Cheers
Focus only on what truly matters!
  • #128,893
  • Mar 18, 2021 2:52pm Mar 18, 2021 2:52pm
Quoting Ata-Turkoglu
Just opened a buy order at 1.19155 with hopes of a double bottom on M15 and by relying on H1 classic buy level.. Stops must go at least 20 pips lower.. Cheers

I think NO BUY - only SELL

U.S. Dollar Index (DXY) :
91.87 UP 0.42 0.46%

U.S. 10 Year Treasury Note :
1.714 % UP 0.068
  • #128,894
  • Mar 18, 2021 3:07pm Mar 18, 2021 3:07pm
EUR / USD level is close to 1.1894
I have buy limit
https://www.forexfactory.com/thread/...r-super-levels
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  • #128,895
  • Mar 18, 2021 3:33pm Mar 18, 2021 3:33pm
Closed my short with 20 pip profit and enter long @ 1.19150 stop 20 down. Just looking at it pausing there feels more like I’ll get stopped out on the short at b/e then it shooting back up and continuing the climb. Use my 20 pips from today as a buffer and gamble a little. I really can’t decide on a direction. Still so out of shape on all this
--post hoc ergo propter hoc--
  • #128,896
  • Mar 18, 2021 3:48pm Mar 18, 2021 3:48pm
My long entry at 1.1905 missed by 1 pip, I would have definitely taken a manual long order if I was at home. Damn, I think that's the ultimate reversal point for this to go straight up now.. The only luck I may have is that it's about to hit Asian session and that the big players will make their move to re-visit the area 1 last time before going up
  • #128,897
  • Mar 18, 2021 3:54pm Mar 18, 2021 3:54pm
Quoting Kyuu
The only luck I may have is that it's about to hit Asian session and that the big players will make their move to re-visit the area 1 last time before going up
what levels you see then driving to? 8850 would be a full retrace of that initial move up other day. 19100 was the beginning of the actual rocket ship. Any stops placed on that move up I’m assuming have already been triggered by the retrace over last day.

8380 is really the bottom of recent move from 10 days ago
--post hoc ergo propter hoc--
  • #128,898
  • Mar 18, 2021 4:04pm Mar 18, 2021 4:04pm
Retrace and what not does not matter to me at all. All I look for is certain price action behavior in areas where retail traders should have stops (obvious support/resistance levels) and if they line up with a horizontal level (extremely rare), it's almost too good to be true.

1 of my photos is a very simple 4H chart that shows we tested resistance as support 1 time, but I knew it would come down 1 more time to test it again based on price action

The other photo is my 1 min chart and the black line was the low. Here it broke, and here I look for my pattern. To me, this us accumulation. What I'm hoping for is since it's Asian session, another whale wants to load up as well. Often times, in my experience, markets don't turn until there's a 3rd lower low or higher high on the 4H. that's why in case I missed it, sometime from now until the next 4H closes IF we are going up, price will come down to touch my order before finally going up.
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  • #128,899
  • Mar 18, 2021 4:07pm Mar 18, 2021 4:07pm
The daily just closed and the spreads spread as usual, it dropped right to the level where I expect an order block. The spread sucks and I really don't want to enter now, , I will wait for a 3rd low or worst case, I can wait for a pullback to long to minimize drawdown in case I miss it. Typically, if the market doesn't fly in my direction in a couple 15 min candles completely one sidely in my direction, I will scalp a small profit because my entry was not the beginning of the real impulse move.

New long order is at 1.19036 for me , 1 pip above where I expect the new low (If there is one) to be so I get filled (Expecting 1.19026 to be the low of this 4H candle IF we get there). Otherwise, I will long on a pullback if we break above
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  • #128,900
  • Mar 18, 2021 4:12pm Mar 18, 2021 4:12pm
Thanks!!! Makes sense. I’m starting to refresh myself with fins and trying to trade just off the main lines. Or close to it. Practicing looking from the weekly on down to the 15 min chart and go with the over all trend of the last 3 major times - 1, 4hr and daily and trade in that trend. Of course I’ve been stupid from the beginning and have feelings which rarely pan out. Really just having fun with it now and trying to soak as much in way more then last time I was following along.

Trading very small positions 10-30k with some tight stops do not exactly painful decisions. Not like when I first tried and leverage was 500:1 lol. There you could get hurt just talking a pee
--post hoc ergo propter hoc--
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