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EURUSD only

  • #129,541
  • Apr 1, 2021 4:01am Apr 1, 2021 4:01am
Quoting eurusd-thijs
short 1.1740 for 1.1730 as 1.1730 is daily pivot and usa close was 1.1726
Trends have a higher probability of continuing than not.
  • #129,542
  • Apr 1, 2021 4:03am Apr 1, 2021 4:03am
Just went long here at 1.1726.. Initial stop should be 24 pips or more.. Later I will try to trail..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #129,543
  • Apr 1, 2021 4:08am Apr 1, 2021 4:08am
This resistance line is the biggest pain in the &&& for bulls. still hoping this resistance line breaks
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  • #129,544
  • Apr 1, 2021 4:12am Apr 1, 2021 4:12am
sell limit 1.1755 and another one 1.1770
Trends have a higher probability of continuing than not.
  • #129,545
  • Apr 1, 2021 4:14am Apr 1, 2021 4:14am
Quoting Ata-Turkoglu
Just went long here at 1.1726.. Initial stop should be 24 pips or more.. Later I will try to trail.. {image}
Moved SL to break even.. Zero risk..
Focus only on what truly matters!
  • #129,546
  • Apr 1, 2021 4:47am Apr 1, 2021 4:47am
Quoting Ata-Turkoglu
{quote} Moved SL to break even.. Zero risk..
Moving SL to 1.1730 (+4 pips locked)
Focus only on what truly matters!
  • #129,547
  • Apr 1, 2021 5:24am Apr 1, 2021 5:24am
Quoting Endoephemera
Short 1.1752... because most of you are long. ...but I'm also long 1.1732 because I like to mix it up (also, I think we'll go up next few days)
Quoting mysterio
{quote} Oh well- now I remember why I scalp and don't hold positions all day. Let's see if the prez can save this position
Quoting mysterio
Hello team, Maddeningly I got stopped out BE after it going 40 pips in my favour. No point complaining it's just what this pair does and I should have TP'd at top. Luckily I was watching the 1h demand created at yesterdays LO and bought the breakout of a mini channel on 5m and got in long at 1.1719 this time. Let's see where we go
Yesterday I defended my long with a short hedge and cashed it in when it dropped and refilled long triple size at the bottom.
Just now I took out partial profits on the long. Currently long double size 1.1717

Bragging aside, I find that hedging (partial or full) when expecting a retr. and partial profit taking is more suitable to me and avoids the "maddening" emotional upset your approach exposes to. Just an idea.
Practitioner of the cryptic trading arts
  • #129,548
  • Apr 1, 2021 5:27am Apr 1, 2021 5:27am
Quoting Ata-Turkoglu
{quote} Moving SL to 1.1730 (+4 pips locked)
Closing order here at 1.1748 (+22 pips)
Focus only on what truly matters!
  • #129,549
  • Apr 1, 2021 5:31am Apr 1, 2021 5:31am
Quoting Endoephemera
{quote} {quote} {quote} Yesterday I defended my long with a short hedge and cashed it in when it dropped and refilled long triple size at the bottom. Just now I took out half profits on the long. Currently long double size 1.1717 Bragging aside, I find that hedging (partial or full) when expecting a retr. and partial profit taking is more suitable to me and avoids the "maddening" emotional upset your approach exposes to. Just an idea.
Yeah man. I hadn't traded this pair in a little while, this kind of PA was totally predictable. I was asleep at the wheel and missed the chance to short. I normally take profits often and reload but for whatever reason abandoned that yesterday. Congrats for reading the situation. I'm not at home currently so thought I'd just 'buy and hold' but that doesn't get you particularly far in this market, usually
  • #129,550
  • Apr 1, 2021 6:12am Apr 1, 2021 6:12am
Doesnt seem like impulsive, more like corrective triangular waves on hourlies...
  • #129,551
  • Apr 1, 2021 6:24am Apr 1, 2021 6:24am
Quoting pipfarm
{quote} So as we see the support level from the hourly became resistance yesterday and once broken has now been retested as per the chart in the quoted post, joining the tops of swing points with trend lines are not support and resistance , apples are apples and oranges are oranges there are no two ways around it. {image}
Ever heard of dynamic support and resistance?
Risk comes from not knowing what to do
  • #129,552
  • Apr 1, 2021 7:10am Apr 1, 2021 7:10am
This is the Daily chart. We are currently stuck between the previous horizontal level that where we originally had recent up move start and below. This area is either accumulation, or straight up rejecting price to ever go above this horizontal line.

2nd image is the 4H chart. We seemingly have a W pattern, but whether or not that will hold is a different question.

3rd image is the 15 min chart. in this W shape, we've had seemingly 2 stop hunts to take out longs and price seems to be slowly breaking the smaller time frame resistance lines of mine.

~

My personal bias is long and I believe these past few days has been a massive accumulation. I also think this is in preparation for the news tomorrow, I think there may be no pullback. I think we may have a surge that will easily break 1.23 in the coming days and this was a super accumulation for move and the final low for a long time. That bias will immediately change to bearish if the stop hunt lows we seemingly have on the 15 min get violated. I can be completely wrong, but we may have a up move even faster than this recent down move soon...
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  • #129,553
  • Apr 1, 2021 7:11am Apr 1, 2021 7:11am
Quoting Kyuu
This resistance line is the biggest pain in the &&& for bulls. still hoping this resistance line breaks {image}
gone
Attached Image (click to enlarge)
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feel free to invite me to your forum, if you have any
  • #129,554
  • Apr 1, 2021 7:13am Apr 1, 2021 7:13am
Quoting JungleLionFx
{quote} gone {image}
Check my most recent post, the daily and 4H horizontal line is the one that truly needs to break. Our resistance lines are a little different so mine truly hasn't been broken unless it has been closed above and we see more bullish pressure from there.

The box area in arrow 2 is the whole FOMC move that broke the resistance line. I guessed it was a potential fakeout and the overall direction was short but I tunnel-visioned and got scared from the different ideas I read about (I will not allow myself to do that again).

My analysis for the past few days is that:

Arrow 1, we spiked above the resistance line with FOMC. We were "hovering" above that broken resistance line for a while, which was suspicious. We finally wicked below but closed above on Friday.

Arrow 2, we gapped down. This was the biggest signal we wanted to respect the resistance line and that entire FOMC was just a fakeout move. After retracing all the way up to the resistance line (Arrow 3) , we finally went below and respected it until now where we may potentially (key word), break this resistance line.

~

I believe we'll first test the big 4H resistance line where I expect many shorts to orders to be triggered, but I believe this line will also break and start a brand new bullish up trend.
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  • #129,555
  • Edited 11:05am Apr 1, 2021 7:18am | Edited 11:05am
Quoting Endoephemera
{quote} {quote} {quote} Yesterday I defended my long with a short hedge and cashed it in when it dropped and refilled long triple size at the bottom. Just now I took out partial profits on the long. Currently long double size 1.1717 Bragging aside, I find that hedging (partial or full) when expecting a retr. and partial profit taking is more suitable to me and avoids the "maddening" emotional upset your approach exposes to. Just an idea.
15:17 Server Time. I have a long increment at 1.1735 Watching this closely to see if it warrants a defensive hedge. The increment was a little tough to establish but I was net profitable in the BLaSHing and SHaBLing.
15:24 ST Established short hedge 1.1749 for the increment long 1.1735. Running a floating +3.8% on equity. Even if it goes up it should retr. from 1.176x area and that's how I should be able to manage the eventual underwater hedge...
15:30 ST. ...and actually took out the partial short hedge at down retr. from new high at nominal profit. It should reach 1.176x now.
15:39 ST. Not liking this action around 1.1752 Reestablished hedge 1.1753 for the highest long. This action is so tight that even posting this is making me miss stuff...
15:47 ST Closed the short hedge for 7 PiPs ..and it breaks for another push down. Damn! Overall long triple size 1.1723 average. I'm not incrementing the long above my highest long entry 1.1735 I'll wait
15:58 ST Took out the highest long for 12 PiPs 1.1747. Long double size 1.1717 Floating >+4%
16:49 ST. I screwed up by going net short too soon (shouldn't have at all) Now sitting fully heged with around +4% on account. Would like to see 1.175x to go net long again
17:05 ST Short hedge off 1.1748 and now long single size 1.1715
17:08 ST Increment long 1.1746
17:16 ST OK BLaSHing and SHaBLing and now the long increment is at 1.1739 +5.6% on equity. The B&S was profitable... also added another long 1.1740 Now triple size long at 1.1731 average.
17:51 ST took out the two long increments for around 18 PiPs and sitting on my core long 1.1715 with floating +8% on account.
19:02 ST Fully hedged locking 56 PiPs profit. No undue risks taken. Equity +9.7% Great day.
Practitioner of the cryptic trading arts
  • #129,556
  • Apr 1, 2021 7:21am Apr 1, 2021 7:21am
1.1745 is slowly and steadily being violated. Bulls piercing through 1.1745 - 1.1765 is very near. But after the NFP, if the daily closed below 1.1740 - 1.1720, then likely 100 more pips on the downside to count.
  • #129,557
  • Apr 1, 2021 8:03am Apr 1, 2021 8:03am
Quoting mysterio
Hello team, Maddeningly I got stopped out BE after it going 40 pips in my favour. No point complaining it's just what this pair does and I should have TP'd at top. Luckily I was watching the 1h demand created at yesterdays LO and bought the breakout of a mini channel on 5m and got in long at 1.1719 this time. Let's see where we go
TPd at 1.1753, re bought at 1.1742, stop to BE and TP open
  • #129,558
  • Apr 1, 2021 8:15am Apr 1, 2021 8:15am
Based on daily, I am watching if 1.1763 area will resist..
Focus only on what truly matters!
  • #129,559
  • Apr 1, 2021 8:42am Apr 1, 2021 8:42am
We've officially broken the resistnace line since FOMC happened. I'm expecting price to do something like this, first stop 1.1874 and if that horizontal level + resistance line breaks, we are going to go up much faster than we came down. Let's see if we get the greatest bull move in history to 1.35! (Not a typo, 2nd image is weekly)

If we keep going up today and tomorrows news keeps rocketing us up, that will be my confirmation that this massive selloff was just a long term weekly accumulation for the final up move we are about to experience. Crazy if that will actually unfold
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  • #129,560
  • Apr 1, 2021 8:43am Apr 1, 2021 8:43am
Quoting dashlat
Long. {image}
I'm waiting to break this strong resistance, so I could risk free my position:
Attached Image (click to enlarge)
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