EURUSD only

This is usually indication of something big is being cooked

all countries are experiencing economic recession, including European countries .... ECB said the inflation rate is still low .... a currency that is too high will be a burden ........ it will confuse trade in the current EURUSD pair.

too predictable these guys!

Probably 1.2084 will resist - would be happy if not though..

Hi all !

Enjoyed reading you all!

What a beginning of a day before it all stopped ! Nice range and volatility scalps way before the news was a nice surprise.


So, as usual, I have more questions than answers for this week :

Will it go on to make a new high of the month, again ?

Will price finally drop deeper, in relation to last highs, than it has in a month ?

Or will price stay indecisive and continue hovering around 20-21 for days on end?

I myself have have come to no conclusion on those.

I mostly enter with strategies that does not rely on anything but what is happening right now.

But my mm is influenced by how price has been acting on the longer-term. And for now, nothing has changed, no significant enough down-moves in comparison with the up-moves.

Thats my 2 cents for now.


Time for some more action at last !


Boring stuff :

I got Stopped out again at BEs earlier in the day, like at every single bottom retest since the beginning of the month and yes, its a good thing, because at the end, I have almost always got it back and more.

Just got 2 different entries consecutively, one purely on volatility, the other support based, 2 new longs 61 & 65 but wont take more. Some of my positions that have survived form the previous level (2000-2040s) will still probably survive and they are enough for me to have them through the news.

I also took advantage of the established range and the volatility in the beginning of the day, scalping a bit, as we were still far away from news.

My range trading strats are almost always lifesavers when in long ranging period. Very important to diversify for me!

Cheers all !

About time bitches, 1.20923 break is eminent

Bottles on me bitches
The week just began
already closing few of my longs and getting new orders

21 next target

but nevertheless let's not het too comfortable cause after this i guess we're going back below 205-203 prolly 1.9

Just sold the 10% extra I bought at 1.2065 at 1.2098, little optimization around my long, as we might still see 1.2050 during the FED.

yes, maybe, but still too soon for me though. News... and strong resistance still possible.


I am now officially in "No Mans Land (2085-2130)" no trading allowed at all till volatility stops growing for a good hour !


Surprisingly, managed to enter on 2 1minsetups, on the way to 85


All longs at BE again.

Be extra careful bulls !!!! I know a lot of bears selling here !!!

Still too many retail sellers.. Good for bulls!

2102, 2113 will be strong resistance. expecting close above 2113

Yes!!

I myself would need at least a good few hours of closings above that to start planning the next possible scenarios and updating my positions

mmmm I would normally take some profits here if drops again below 2091, would even probably scalp sell if 2083 is reached in the next 45m. ahhhh the "would" world

another way if you can't break the current highs .... daily range high around 1.21441

Attached Image (click to enlarge)

Wait! We have not hit the second rocket. Then should be safe to short.

DXY just retesting the broken daily TL then we can dump

But with FOMC coming up, probably not smart to start taking positions right now (for me), closing only

I am fully loaded with longs but still have space to buy some more if we should dump to 1.2050. In case the FED makes a direct reference to tapering I will close a good portion of my longs.

Look at that bull candle again!
It seems like dumb money is really dumb these days.

a possible bounce to go up

Correct, I think short from here but i'll hold off wait and see what the price says

Should be a decent short imo

https://www.tradingview.com/x/dVW6mUK4/

Note, FOMC can take us up more, so protect your shorts

Volatility has had a crazy hour long growth, but now has stopped growing again and for a bit over 45m.

The calm before the storm ?

The next 30m long growth of volatility has even more chance than the last to determine the direction.

Anybody else standing aside till news passes ?