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EURUSD only

  • #131,061
  • Apr 28, 2021 11:02am Apr 28, 2021 11:02am
Best place to short is once the trendline is broken on 4h and tested again, probably by tomorrow

Anyway im still in my shorts @ avg 1.2085
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  • #131,062
  • Apr 28, 2021 11:11am Apr 28, 2021 11:11am
So many ideas....

So many charts.....

What is one to do?.....


As for me - I'm on the sidelines watching but frankly I don't think I'll pull the trigger today - wait for tomorrow for "clear direction" Good luck all.
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...because you never know - until you do!
  • #131,063
  • Apr 28, 2021 11:28am Apr 28, 2021 11:28am

man if it starts to drop below 2088 right now, rangingggggg againnnnn probablyyyy .

Scalp sellers could probably get at least 10 pips from that..

Longer-term bears would hold to see how 50-70s react.


Bulls would maybe have a blast if 88 would then be strongly rejected.




Quoting mtako
....Very possible thought that price will not even see 2110s again before 2030-70s are properly tested again, and just as strongly rejected AGAIN. Got a plan for that and for the many black swans lurking also {quote} That was probably my last position for a while, unless we retest the 2030s-2070s. This one needs more room mostly because it is range based, and the SL is very dynamic, but I will get out of it if price has not reached .21 before news Had an above average...

Early on, bottom of range was retested, then .21 reached... I was not surprised to see all this before FOMC, but then again, I am rarely surprised.

As I am totally expecting for 30s-60s to be retested before a continuance of the rise, and even perhaps properly broken (more than wicks..), followed by a first significant disturbance of this month long momentum.

The day is far from being over !

I wonder about everyones potential setups, especially either about shorts below 2088 or longs above 2100, before the news or after...

Anyways, thanks for sharing all!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,064
  • Apr 28, 2021 11:37am Apr 28, 2021 11:37am
Hi Guys.
The odds for me are stacked to the short side. I leave it at that. Trading before FOMC is dangerous so I will not post my trades as yet.
Take care.
Cheers.
Trade to trade another day
  • #131,065
  • Apr 28, 2021 11:40am Apr 28, 2021 11:40am
Quoting Wavegarrick
Hi Guys. The odds for me are stacked to the short side. I leave it at that. Trading before FOMC is dangerous so I will not post my trades as yet. Take care. Cheers.
Yeah me to 3 or 4 time stopped out at same price

We have 2 big data. Advance GDP of US and FOMC.
  • #131,066
  • Apr 28, 2021 11:41am Apr 28, 2021 11:41am
Quoting tonyb123
{quote} Short squeeze did not work out, made a small profit to 1.1995. Bulls are continuing to move up to 1.2108 next target maybe today.{image}
1.1956 Is the numerical C (yellow) for this next D (yellow) target. So far, the market has not been able to make it there and get a close below the previous D's(Green) target price. There is still buying pressure in the market.

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MY GRID. Markets are NOT random.
  • #131,067
  • Edited 4:27pm Apr 28, 2021 11:56am | Edited 4:27pm
Quoting mysterio
{quote} 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
Tradingwise I screwed up. Upon new high I built a long hedge to my short (the short was too low because premature --> panic hedge upon new high) locking -2.5% on account temporarily. Now after exploiting the little movement, running -0.5% with 6 short 1.2096 and 4 long 1.2098
So, for now, my plan is to BLaSH and SHaBL to finish getting out of my little mess.

As for FOMC, I believe it will be used to drive it down below 1.205 Not overly convinced though. Might face it will a small short.


PS It went up, against my expectations. Out +1.4%
Practitioner of the cryptic trading arts
  • #131,068
  • Apr 28, 2021 11:57am Apr 28, 2021 11:57am
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The Average Discount Everything
  • #131,069
  • Edited 12:22pm Apr 28, 2021 12:04pm | Edited 12:22pm
Finally, we will be caught in a bull trap or bear trap at the release of the USD fund rate

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The Average Discount Everything
  • #131,070
  • Apr 28, 2021 12:12pm Apr 28, 2021 12:12pm
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MY GRID. Markets are NOT random.
  • #131,071
  • Apr 28, 2021 12:21pm Apr 28, 2021 12:21pm
Quoting Endoephemera
{quote} Tradingwise I screwed up. Upon new high I built a long hedge to my short (the short was too low because premature --> panic hedge upon new high) locking -2.5% on account temporarily. Now after exploiting the little movement, running -0.5% with 6 short 1.2096 and 4 long 1.2098 So, for now, my plan is to BLaSH and SHaBL to finish getting out of my little mess. As for FOMC, I believe it will be used to drive it down below 1.205 Not overly convinced though. Might face it will a small short.
Hey it happens! Have had a mixed week myself, some home runs and some dumb, panicky errors.

I am tempted to say, another spike up for FOMC. Clear the last of the shorters (retail is heavily short), another high on the 26th of April to clear as well before the move down. I obviously have no idea though, the more time you spend around these markets the more you become inured in the trickery and conspiracy theories!

BLASH & SHABL? What does that mean?
  • #131,072
  • Apr 28, 2021 12:27pm Apr 28, 2021 12:27pm
I am short 1.2095... I expect FOMC to be a bit more Hawkish today
  • #131,073
  • Apr 28, 2021 12:46pm Apr 28, 2021 12:46pm
What if rates stay unchanged?
Trade to enjoy... Money is after!
  • #131,074
  • Apr 28, 2021 1:02pm Apr 28, 2021 1:02pm
1.2079 for bears.
  • #131,075
  • Edited 1:19pm Apr 28, 2021 1:04pm | Edited 1:19pm
First down then up, so far so predictable. Let's see if this rise is sustainable. For me the statement looks dovish. Some acknoledgement of stronger labor market and better economic conditions, but that does not look as a preparation for tapering yet. Will keep my longs.
Another day, another dollar.
  • #131,076
  • Apr 28, 2021 1:10pm Apr 28, 2021 1:10pm
as I said before ... we are in trap ..... so better don't trade ...... wait for clear direction
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The Average Discount Everything
  • #131,077
  • Apr 28, 2021 1:12pm Apr 28, 2021 1:12pm
USD inflation is 2% ... and now USD can tapering as FOCM report .... but price in manipulation side ....... be carefull
The Average Discount Everything
  • #131,078
  • Apr 28, 2021 1:15pm Apr 28, 2021 1:15pm
Quoting saninvestor
What if rates stay unchanged?
lol, dude...
Another day, another dollar.
  • #131,079
  • Apr 28, 2021 1:21pm Apr 28, 2021 1:21pm
Quoting nic9man
{quote} lol, dude...
I meant how effects on US dollar index atm?
Trade to enjoy... Money is after!
  • #131,080
  • Apr 28, 2021 1:23pm Apr 28, 2021 1:23pm
sure but the chance of a rate change was zero, rate changes are expected for 2023 or earliest Q4 2022. this fomc is all about whether the fed gives hints for tapering, i.e. if they hint to scaling down asset purchases in a few month from now
Another day, another dollar.
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