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  • #130,441
  • Apr 19, 2021 9:14pm Apr 19, 2021 9:14pm
close below 2031 and i close my longs. +67 and +74; bulls have work to do here.
  • #130,442
  • Apr 19, 2021 10:18pm Apr 19, 2021 10:18pm
Quoting Godzilla
close below 2031 and i close my longs. +67 and +74; bulls have work to do here.
LOL...I took a few buy scalps, but being so high up near resistance, I can't help but wonder if it is being pumped up for a bit of profit taking...I am too suspicious as it produced an easy 20 pips today...well I took a few so I can't complain!
  • #130,443
  • Apr 19, 2021 10:27pm Apr 19, 2021 10:27pm
So kicking myself for closing out my Friday trade when I was down 30 pips... shoot have loaded more and just held. Damn it....so frustrating. Not just that stupid move but the few others trying to then change my original sentiment and chase the crash of a high
--post hoc ergo propter hoc--
  • #130,444
  • Apr 19, 2021 10:47pm Apr 19, 2021 10:47pm
Quoting Monk
So kicking myself for closing out my Friday trade when I was down 30 pips... shoot have loaded more and just held. Damn it....so frustrating. Not just that stupid move but the few others trying to then change my original sentiment and chase the crash of a high
yes it’s actually worse than losing money. watching a price move favourably After u have exited.
  • #130,445
  • Apr 19, 2021 10:50pm Apr 19, 2021 10:50pm
Quoting Godzilla
{quote} yes it’s actually worse than losing money. watching a price move favourably After u have exited.
Oh yes...so so true! I can pick things pretty well but galvanising the courage and taking action, sometimes no! I sat back and watched EU from yesterday thinking it was OB...I sat back and watched about 3 other pairs,,,(well to be fair I took 5 pip scalps as I am primarily a scalper so that mindset is a bit different). So Monk and Godzilla, I feel you!! Developing a system where we can be more robotic, take the opportunities or be more patient is my new goal!!
  • #130,446
  • Apr 19, 2021 10:53pm Apr 19, 2021 10:53pm
Quoting Godzilla
close below 2031 and i close my longs. +67 and +74; bulls have work to do here.
Ask and u shall recieve
pruce just jumped up 20 pip

Need a close above 2066
  • #130,447
  • Edited 11:14pm Apr 19, 2021 10:59pm | Edited 11:14pm
Quoting Kyuu
I predicted yesterday we're going straight up past 1.23 and expected no real pullback today either. Am hoping 1.185 will break today. Expecting this to be a mini pullback to bait shorts before the next massive up move. First image is my 1hr chart, 2nd is 4h, a close below 1.17508 will change my mind {image} {image}
Everything going as expected , an impulsive move faster than the down move we had for the past few weeks. Still kicking myself that I let myself exit my long from 1.1743 and try to re-enter long out of greed when my plan was to hold to 1.25. Anyways, I'll hope for a long term pullback like the image I have attached, but the last time I had the same signal during March of coronavirus, we just never looked back going up (we did crash again after, but that's different).

Last night, price simply wicked the support line that held a little earlier on my screen, we're clearly in a strong impulse move. I'm really hoping for a pull back as strong as my #2 scenario, it would make sense because there would be lots of buyers who buy at the high of the FOMC around 1.19822 and many support below.

Image 2 is my weekly chart, as you can see we're at a relatively important horizontal level. This line can easily break by 60-100 pips before showing whether or not it will hold, the weekly still is not even close to closed yet. Because of this, I'm short here at 1.2067 since I like 15 min engulfing patterns. Risking 8 pips and will try only one more time if we break this high. Otherwise, only looking to buy a major dip and hold/add to 1.25+.

Note: image 1 and 2 swapped, 1 is weekly and 2 is 4H
TLDR: Expecting price to go impulsively to 1.25 but hoping for a big pullback here. Short at 1.2067 8 pip risk and with TP at 1.18386-1.1844 (220 pip target) where I'd look to long to 1.25 (640 pip target). Otherwise, the target is still 1.25+ (super long term, expecting 1.35+) but I'll need to find a safe entry.
Attached Image(s) (click to enlarge)
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  • #130,448
  • Apr 19, 2021 11:19pm Apr 19, 2021 11:19pm
long term weekly of EURUSD, I think we're going back to the place where we dropped from before with an impulse move equal to the weekly I have an arrow pointed at. That'd be absolutely crazy if we make it up to 1.4/1.45 in the several upcoming weeks to come.
Attached Image (click to enlarge)
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  • #130,449
  • Apr 19, 2021 11:47pm Apr 19, 2021 11:47pm
Quoting bigiivan
Sell EU at 1,1970.
Add a second trade at 1,2062. Same size.
  • #130,450
  • Apr 20, 2021 12:30am Apr 20, 2021 12:30am
Attached Image (click to enlarge)
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1.2085 and 1.2105 my targets
buy the dip
Trends have a higher probability of continuing than not.
  • #130,451
  • Apr 20, 2021 12:35am Apr 20, 2021 12:35am
Quoting Kyuu
long term weekly of EURUSD, I think we're going back to the place where we dropped from before with an impulse move equal to the weekly I have an arrow pointed at. That'd be absolutely crazy if we make it up to 1.4/1.45 in the several upcoming weeks to come. {image}
Sounds crazy, but that is where the purchasing power parity is located.
Another day, another dollar.
  • #130,452
  • Apr 20, 2021 12:37am Apr 20, 2021 12:37am
Quoting Traderview
{quote} Check it with HTF Weekly and monthly. This is the zone 1.2157 - 1.2194. But 1.2168 - 1.2177 is the real deal.
Hey Traderview, could you please share how you came up with those big teddy bear levels if you have a few minutes to make the chart? Would be highly appreciated.
Another day, another dollar.
  • #130,453
  • Apr 20, 2021 12:47am Apr 20, 2021 12:47am
1.2048 is the long entry with my system, the 2 channel lines ema50 high and low in m15, in a strong upward trend it touches ema50 high and rebounds and does not enter the channel.
Trends have a higher probability of continuing than not.
  • #130,454
  • Edited 11:03am Apr 20, 2021 12:56am | Edited 11:03am
Quoting Endoephemera
A couple of limit buys triggered in Asia. One closed. One open 1.1948, now +29 PiPs ...Equity +1% for the day For me this week is all about building a long for 1.205 10:12 Server Time. Price reached 1.1984 about and +34 PiPs on my position (+1.5% on equity). The temptation to TP is there. Unfortunately I can't lose my position. Now it's all up to the big boys to see if they got what it takes to break R. (actually, they got it, it's more a matter if they are willing to take up the challenge to break R) 10:51 ST. Out 1.201 +60 PiPs. Could have held...
I'll begin with a short 1.2061 for 1.203 about. ...Once that is done, it's back to longing... and hard.

09:48 Server Time. Price bounces back up before my target. Increasing short. My view unchanged.
10:10 ST. My short significantly overrun and new high in strong up trend. Now short five times the size at 1.2072 -0.6% on balance.
10:28 ST. BLaSHing and SHaBLing all the way. Now short triple size 1.2073 (12 PiPs higher than before) and +0.8% on account.
10:42 ST. The second higher high was more cause for concern than the first. Not increasing the short as readily as before, now third higher high 1.2077 @ ...doing a bit of waiting now.
10:57 ST. Reversing net long as it comes down from 1.208 I hate reversing. ...I'm leaning towards short again...
11:44 ST. OK That was a very convoluted bit of trading for me. Out of the long and short 1.2069 +0.4% on account. The high 1.208 threw me off and out of my shorting intentions but the depth of the down from there rehabilitated the short.
12:23 ST Still short 1.2069 Skeptical it can reach 1.203 though.
12:29 ST Cut half the short 1.2059 Now 2 short 1.207 and one long 1.206 Account +1%
12;43 ST Now fully hedged. Equity +1.8% and no clue what to do ...super idea; I'll take a break and go for a walk.

14:06 ST Looks like it will continue down after all. Looking to go net short.
15:32 ST Out at 1.2039 Account +2.8% I was a bit light and too early to exit. Limit longs on around 1.203x Not yet as hoping for new day's low. It is nice to go long on new day's low.
15:45 ST Long 1.2028
16:43 ST Fully hedged Account +4.2%
18:21 ST Closed the long. Played with the short side. Long 1.204 Account +5.3%
18:54 ST Reduced long 1.2034 Account +5.7%
Practitioner of the cryptic trading arts
  • #130,455
  • Apr 20, 2021 1:05am Apr 20, 2021 1:05am
There is just a step up to 61.8 Fibs
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  • #130,456
  • Apr 20, 2021 1:27am Apr 20, 2021 1:27am
Attached Image (click to enlarge)
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Trends have a higher probability of continuing than not.
  • #130,457
  • Edited 2:25am Apr 20, 2021 1:58am | Edited 2:25am
Attached Image (click to enlarge)
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  • #130,458
  • Apr 20, 2021 2:32am Apr 20, 2021 2:32am
Quoting energies
{image}
im targetting 1.20/25
pitchforks are fantastic but wouldnt risk an exit price as they are guides. im leveraging straight line to my target

Attached Image (click to enlarge)
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  • #130,459
  • Apr 20, 2021 2:36am Apr 20, 2021 2:36am
Quoting Godzilla
{quote} im targetting 1.20/25 pitchforks are fantastic but wouldnt risk an exit price as they are guides. im leveraging straight line to my target {image}
You mean 1.2120/25
Another day, another dollar.
  • #130,460
  • Apr 20, 2021 2:47am Apr 20, 2021 2:47am
In my view bulls have achieved what they were up to.. Anything higher than 1.2077 is irrelevant for my calculations.. Time for the wind of change..
Focus only on what truly matters!
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