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  • #129,301
  • Mar 26, 2021 10:51am Mar 26, 2021 10:51am
EURUSD going UP from here. Good luck next week people.
  • #129,302
  • Mar 26, 2021 10:59am Mar 26, 2021 10:59am
Quoting shay14
{quote} your second sell limit is my long tp let's gooo
Me too!
...because you never know - until you do!
  • #129,303
  • Mar 26, 2021 11:35am Mar 26, 2021 11:35am
Quoting Kyuu
{quote} They force closed half my position at 1.17162 at 3:18 PM EST. That conveniently happened to be the very bottom of this move as we're getting a rebound. I'm also getting my signals to enter long. If we break 1.18 on the 15 min, I'm pretty sure we're finally going back up. they just so happened to cut my position in half at the low at such a random time before turning? They just happened to take my stops perfectly be the spread before jumping in my direction even though I used random sized stops after manipulation has occurred? All...
1.1762 ? You get stopped at the bottom because that's when the loss exceeds the stop out level. That it reversed later is coincidence. As long as your broker is not making up price feed, and I'm sure it's not and it would be easy to verify with alternative feeds.

As for future price direction, I see today's up as a retr. and at 1.1805 it could be over.
Practitioner of the cryptic trading arts
  • #129,304
  • Edited 12:16pm Mar 26, 2021 11:43am | Edited 12:16pm
Quoting Endoephemera
{quote} 1.1762 ? You get stopped at the bottom because that's when the loss exceeds the stop out level. That it reversed later is coincidence. As long as your broker is not making up price feed, and I'm sure it's not and it would be easy to verify with alternative feeds. As for future price direction, I see today's up as a retr. and at 1.1805 it could be over.
My stop was at 1.175. I got half my position taken out at 1.1762 (12 pips above) because I was below margin, but why at that exact point? the exact time of 3:18 ? If it were supposed to stop me at that price it would've taken that position out earlier around 1 when it hit 1.1761 the first time but it took me out at 1.1762 when the low was 1.1771 at the time (9 pip spread? Unlikely). And when it finally hit 1.1762, immediate reversal 20-30 min after.

It's way too convenient that it happened perfectly at the exact turning point of the graph. I had no stop there.

So many of my trades get stopped by 1 pip or the spread and the one time I extend my stop, they still manage to take out half my position before reversing. That's my main point, my broker is IG but me getting stopped by the spread/1 pip should have nothing to do with the broker considering that all brokers show the same price (I use FXCM trading station to chart, "Price Action" hit my stops that is universal)

Just the fact that the market itself has taken out almost all my trades this month in some way right before a massive reversal by 1 pip or the spread is starting to look more convenient than coincidental. I'm still hoping it's just coincidence but I also think everything happens for a reason.

If it keeps happening, I think intentionally being done by a force greater than the broker
  • #129,305
  • Mar 26, 2021 12:13pm Mar 26, 2021 12:13pm
Quoting fxsport
{quote} Hey do you know the TF for that? Personally I'm not buying into the doom and gloom stuff this time around - burned too many times.
This is the guy:
https://www.linkedin.com/in/nathanlabbe/
  • #129,306
  • Mar 26, 2021 12:15pm Mar 26, 2021 12:15pm
Quoting sing2x
{quote} 3-5% amonth can make you live happily? how much is your capital. 1Million dollar ?
usd 400k
  • #129,307
  • Mar 26, 2021 12:18pm Mar 26, 2021 12:18pm
long 1.1798 stop -17 / target +22
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MTF PA with indicators = a winning team
  • #129,308
  • Mar 26, 2021 12:21pm Mar 26, 2021 12:21pm
Quoting Kyuu
{quote} My stop was at 1.175. I got half my position taken out at 1.1762 (12 pips above) because I was below margin, but why at that exact point? the exact time of 3:18 ? If it were supposed to stop me at that price it would've taken that position out earlier around 1 when it hit 1.1761 the first time. It's way too convenient that it happened perfectly at the exact turning point of the graph. I had no stop there. So many of my trades get stopped by 1 pip or the spread and the one time I extend my stop, they still manage to take out half my position...
That your position was cut at 1.1762 later, after it survived 1.1761 earlier is odd beyond explanation. Unless you are recalling it wrongly.

In my experience, when operating from fear or anger, it is easy to get whipsawed continuously. I think that the larger banks must have full and live access to retail positions from many brokers. And your recent choice of stops must have been, on average, the same as a large enough sample of retails.
Practitioner of the cryptic trading arts
  • #129,309
  • Mar 26, 2021 12:32pm Mar 26, 2021 12:32pm
Quoting Traderview
usd 400k
50% a year 1:1 leverage is (I hear) a benchmark for great trading performance

If you get 3-5% a month (@50% per year) from $400k and leverage is 1:1, you are great. If you use more leverage than that, the performance is not that impressive, objectively speaking.

Of course it is still enviable whatever your leverage is.
Practitioner of the cryptic trading arts
  • #129,310
  • Mar 26, 2021 12:36pm Mar 26, 2021 12:36pm
Quoting Endoephemera
{quote} That your position was cut at 1.1762 later, after it survived 1.1761 earlier is odd beyond explanation. Unless you are recalling it wrongly. In my experience, when operating from fear or anger, it is easy to get whipsawed continuously. I think that the larger banks must have full and live access to retail positions from many brokers. And your recent choice of stops must have been, on average, the same as a large enough sample of retails.
I called IG, they said it’s 4:18 EST so it did happen at that low and the time on my screen apparently is incorrect. The reason for them cutting my position at that time is because that’s the time they cut positions for People below margin. That’s never happened to me before, and it just happened to be at the exact low like all the other times I’ve been stopped

It still sounds like and I want to believe it’s coincidence or maybe I’m just naive. We’ll see how future trades of mine go.
  • #129,311
  • Mar 26, 2021 1:13pm Mar 26, 2021 1:13pm
6 4HR Inside bars, If this week cannot close above 1.1812 or a gap above that price at the beginning of the week we will have another push down 1.1715-1.1660.
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MY GRID. Markets are NOT random.
  • #129,312
  • Mar 26, 2021 2:59pm Mar 26, 2021 2:59pm
IMHO: EU will be down.
its my reason: GDP EU VS US


One of the things to judge a country is healthy or not is by looking at the growth of GDP, EU and US have experienced a significant decline from Q3 to Q4 2020. However, what distinguishes is the final figure of EU GDP which is below 0% and the US remains above 0%, which is still hard for me to make a decision, whether this is the best point of reversal, or will there be a significant pulback.

I have 2-3 Scenarios. next week i will start after COT realese
  • #129,313
  • Mar 27, 2021 11:02pm Mar 27, 2021 11:02pm
Quoting Traderview
{quote} usd 400k
Hi bro, which broker do you use to trade ?
  • #129,314
  • Edited 3:36am Mar 28, 2021 1:40am | Edited 3:36am
Daily S/R Levels for Monday (and next week as a whole)

  1. Yellow area is the potential range for the whole week in case price gets trapped inside the falling wedge channel..
  2. Since we are waiting for wave 4 to finish, any upwards breakout can cause rallies towards the D leg of a potential Cypher completion point and/or towards the expected wave 5.. Time will tell..

*Clear and noticeable bear rejection at 1.1765/71 will be my earliest clue for more bull power to come inside next week..

Happy Sunday..

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Focus only on what truly matters!
  • #129,315
  • Mar 28, 2021 2:40am Mar 28, 2021 2:40am
I posted this weekly chart a while ago, still valid.
A potential ABC correction to a rally from March 20.
Note the end of WC price and time targets the DT software calculates.
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  • #129,316
  • Mar 28, 2021 2:41am Mar 28, 2021 2:41am
This is the daily chart, with a closer look at the corrective wave C which may be happening now. It "should" unfold into 5 waves.
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  • #129,317
  • Mar 28, 2021 2:48am Mar 28, 2021 2:48am
And a closer look at the same WC down, from the 240 chart.
Each one unfolding in a textbook ABC correction so far.
If it holds true, then the real support comes no sooner than the 1,1500 area. And time-wise, between the next 2 weeks. (US non-farm is on Friday!)

And last but not least, if EURUSD really read Elliot Wave books lately, it should then resume the rally to beyond the last W5 high at 1,2349
Happy Sunday and stay safe.
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  • #129,318
  • Edited 9:19am Mar 28, 2021 8:53am | Edited 9:19am
Quoting Kyuu
{quote} They force closed half my position at 1.17162 at 3:18 PM EST. That conveniently happened to be the very bottom of this move as we're getting a rebound. I'm also getting my signals to enter long. If we break 1.18 on the 15 min, I'm pretty sure we're finally going back up. they just so happened to cut my position in half at the low at such a random time before turning? They just happened to take my stops perfectly be the spread before jumping in my direction even though I used random sized stops after manipulation has occurred? All the sequences...
I have not had problems with IG closing positions although sometimes there is slippage, usually against my trade. Based on the chart I posted you will see that was an area where stops were parked, near 1.1761 so that was where the movers were targeting to book profits this week.

Attached Image (click to enlarge)
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I am looking for lower now that they painted the M on the daily and look at the power in the weekly and monthly candles. Month is still open but I expect the trade to be slow for Passover and Easter Week so I think March candle is a lock unless a BSE (Black Swan Event) occurs.

Best of luck. A career in trading is an exciting adventure that very few survive but if you do, it can be rewarding. But it is not easy to learn.

I was in the doctors office a few years back and I had told my doctor I quit my consulting job and was a full time trader now. He asked me could I teach him to become a trader? I told him I could and asked him could he teach me to be a doctor? He stared at me for a few seconds, then he laughed. He realized what I was saying.

Now back to EURUSD. Looking for Lower, first target 1.1740, second target 1.1630. I expect a bounce in the 1.1620 area.
Ecclesiastes 1:9
  • #129,319
  • Mar 28, 2021 11:34am Mar 28, 2021 11:34am
Quoting Ata-Turkoglu
Daily S/R Levels for Monday (and next week as a whole) Yellow area is the potential range for the whole week in case price gets trapped inside the falling wedge channel.. Since we are waiting for wave 4 to finish, any upwards breakout can cause rallies towards the D leg of a potential Cypher completion point and/or towards the expected wave 5.. Time will tell.. *Clear and noticeable bear rejection at 1.1765/71 will be my earliest clue for more bull power to come inside next week.. Happy Sunday.. {image}
I think u mean bull rejection... Anyways I also have my eyes on that 1.17771 area for buys
Risk comes from not knowing what to do
  • #129,320
  • Mar 28, 2021 12:22pm Mar 28, 2021 12:22pm
Quoting Wavegarrick
{quote} Hi Guys, This is what I would be looking out for next week. My future weekly pivot (magenta/ purple line) at 1.22532 ish. Price tends to retrace to this. I will carefully monitor price here for possible rejection and move back down. If price overshoots my weekly pivot we could have a possible up week towards my weekly res 1 at 1.23127 and also to form the right shoulder of a head and shoulders pattern. I would not be surprised if this happens to take out all current shorts before the real drop. A break above 1.23127 will put bulls in the...
Hi Guys,
It has been a slog since my post in January this year. Targets are finally coming to fruition. 1.1721 is finally within a stone's throw away.
Have a great week Guys.
Cheers.
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