EURUSD only

Buying a second one at 666, BE when 75 is hit.

Not worth trying to predict when this ranging will end.

Buying safely on enough volatility

Varied SLs trailing now from 1925 to 1950. Range could grow again, or could start narrowing, will know soon.

I am long on EUR/USD since 1.175, US Inflation data is high, today retail sales came a lot higher than expected as well. Also Jerome Powell said that FED will continue dovish policies until 2022. I am bullish all the way

Moved my 666 to BE and my 695 @ 55. If price doesnt reach 80 in the next hour, Im out of that one.

Need breaks some more closing above 79 to push the range back up a little.

Being extra careful as if 75 holds against this and shoots back down again, the big bulls are possibly going to sleep much longer than anticipated !

That spinning top, under these conditions, forced me to move all todays longs at BE right away.

If there are not enough closings above 77, looking for sells under the spinning low, would aim for 1940s

The moment of truth at last? I doubt it, but worth the risk trying, that is the important thing.

Another ranging day about to end? mmm feels like yesterday

Moved SL to 98

This is the first time in a long time where I can honestly say that I have no idea where EU is going......It's bad when you can make a case for going up and going down at the same time....[no you can't] oh yes I can ...[no you can't]......Ugh I feel like Schmigel/Gollum regarding EU....my precious...

Price stayed volatile since the numbers came out. However, Treasuries are firm, so the channel of: strong US data --> higher yields --> higher USD is dead for the time being, too much has already been priced and the market returned to buying risk currencies when economic news look good. Therefore I think this will be bullish. Also the downward sloping support which I posted earlier held pretty much exactly, which is a good sign. If H1 can close above 1.1975 I am fully bullish again, if it coses below 1.1955 I have question marks for bullishness, probably it will hit at least 1.1925 then.

yeahhhh sucks for anything but range trading. When its been ranging for so long (+-30h now in my book), as you said, you really cant know, intraday of course.

With a ranging market adapted strategy, the basis of which is selling high and buying low, going for the middle or trailing stop to the other end, gives more opportunities than buying high or selling low...

Nobody knows WHEN this will end, nor when it has been established exactly, and that changes everything. Best case scenario under these conditions, I BE the first and second last trade, the last surviving into the new direction. Worst case scenario for me, lose the couple first and couple last, win the middle if any, but end in a lost. Most times I end with a small profit. 100% mechanical.

Most of my strategies are on hold under these conditions. I trade this pair half as much under these conditions so its nice to take advantage of the break!

Got three longs closed at BE. If I wasnt compounding longs for the longterm, I wouldve taken profit at 80 or gotten out at the return of price at that spinning top.

Now am mainly looking to reenter after the big bear move, as long as volatility stays like this, or till I have another valid short opportunity when this clears up(sold the spinning top mentioned above, SL at BE).

Continuing systematically and by all rules, till it breaks.

I do believe the bears are back again.... 1.19 should be a good test for the bulls. Once 1.19 is broken, we could see another strong bearish push to the lows of this year again.

do not look for logic where it is not. technical analysis is a thing of the past. now decisions are made by AI based on neural networks Nobody knows why they decide anyway. An explanation of why AI bought or sold? no one even knows what they programmed them. Objective and technical analysis can be thrown away when computers trade

Going short is quite tempting with bearish PA going on atm but I'll just watch it for now, the reason still seeing retracement traders sitting below 19600 who wants to go long and probably more buy limit orders down there as well. If price get past below 19500 and break that structure will be nice to go short and fill that gap/inefficiency all the way down to 18800.

Dude Finance is not a natural science, relationships change, price patterns change, most AIs are completely lost. Only a handful of hedge funds might employ good AIs, but don't underestimate the pattern recognition power of human eyes..

Volatility stagnating for the last 30m, need another 10-20min to prove to me that its the calm before the storm (would be very good sign for the bears now !)

OR that its no condition to trade in at all anymore.

Got two longs back in, BUY stops in place.

See you all tomorrow and happy trading !

The last wave made a higher high and a higher low.

I established a position long 1.1959 with 10% of the account and got paid +3.2% gain on account to do it.
(Without AI)

19:35 Server Time. Booked some. Now long 3% of account 1.1959 and balance +6.4% (equity +8% now)
The long is for 1.205 of course, unless they make me a good offer soon, like 1.2002 tonight.
20:41 ST. Increased the long 1.1959 (4.5% of account) at quick drop to the lows. I'd be surprised if it breaks down but would handle it.
I'm thinking that those three lows around 1.1958 beg to be broken. Given a chance I'll leave only 1.5% long... or nothing and leave to tomorrow's session. A drop to new lows may be possible. If it's a quick one, The up is still in the cards...
20:51 ST. Prudence (or fear) prevailed and took out two thirds of the long. Now 1.5% account long 1.1958 and +7.2% on balance. ...1.5% of account long is now something I feel comfortable with even if it should go underwater.
21:01 ST. I'm out. I've been wanting to establish a good long position for three days and today I did it. But those three lows and the three higher highs above make me doubt my up scenario. A quick drop to new lows is in order and I expect it to be a fake break before rapid up resumption to 1.205. Tomorrow we'll see.
Closing the day with a great +8% on account made playing only the long side. 34 ops out of 49 in profit.

Turning in Slow Motion

Inflection point Guys. I Will see where this goes and will lock in soon.

Cheers

Closed wit 10 pip profit.

10 year bond yields have fallen to 1.5% and the EU is sitting at the daily pivot.

With great trepidation I'm going long here at 1.1974 as I expect a big push up to 1.2100

15:17 - with 10 year yields stable and the US market at all time highs I think it's safe to assume it's risk on; therefore, I expect EU to consolidate here at 1.1970-80 region to digest the move from 1.1880 to here.