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  • #131,201
  • Apr 29, 2021 12:50pm Apr 29, 2021 12:50pm
Quoting mtako
Its simply ranging quite possibly, so id be extra careful selling low and buying high.
my entire strategy summed up in one sentence lol

seriously though out of say 10 trades I’ll have one absolutely wonderful one where I get in a few pips from the bottom or top and over whatever period I scale up my position and do very well and even seem to get out a few pips before it turns.

The other 9 trades though I get bled out 20-30 pips at a time getting in at the wrong moment and often “cutting my losses” only to see it go where I wanted not too long after. My shorts from last night good example.

It’s like I’m trying to pick the perfect entry and when I’m not dead on I jump out at a small loss then try again.

at least I’m persistent lol
--post hoc ergo propter hoc--
  • #131,202
  • Apr 29, 2021 1:23pm Apr 29, 2021 1:23pm
Quoting yvestrcz
{quote} The price has to get lower to comfort the bears. I won't fight it, thus now I am short 1.2121, TP 1.2095, SL 1.2130.
I really hope it works out Yvestrcz !

For me bears are closer to winning the short-term match since, among other things, bulls didnt even manage to bring it back up in the 30s, and also it is looking like bears are slowly building up momentum, though it is just not quite there yet.

But in regards to most of my strats, it needs to do more than hover around 10s in this manner for me to have enough importance. And we will know very soon if the choppiness is not dragged on into the asian session because, well, we will be in the asian session bed time !

I myself closed most of my days positions gradually as I kept on getting range scalps setup both ways. As usual, I allow myself a couple shorts amid my longs

Also bulls still winning the war so they get special treatment from me, as long as they stay above 2060s !



Quoting Monk
{quote} my entire strategy summed up in one sentence lol seriously though out of say 10 trades I’ll have one absolutely wonderful one where I get in a few pips from the bottom or top and over whatever period I scale up my position and do very well and even seem to get out a few pips before it turns. The other 9 trades though I get bled out 20-30 pips at a time getting in at the wrong moment and often “cutting my losses” only to see it go where I wanted not too long after. My shorts from last night good example. It’s like I’m trying to pick the perfect...

I know what you mean. In my beginnings I was a trend following nut, and I thought I just had to eat that ranging market drawdown !

It paid off to develop a few strategies for ranging conditions. Was a lot of work though !



Cheers all
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,203
  • Apr 29, 2021 2:02pm Apr 29, 2021 2:02pm
sneeky bulls. Just as I was getting ready to go have some nice dreams they had to ring my alarm and call for a change of SL. Maybe even before asian will it go right back to where it started.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,204
  • Apr 29, 2021 2:28pm Apr 29, 2021 2:28pm
Quoting mtako
sneeky bulls. Just as I was getting ready to go have some nice dreams they had to ring my alarm and call for a change of SL. Maybe even before asian will it go right back to where it started.
Same me, almost 20:30 here in Berkshire...and back on my monitors!
Not really complaining, this is the game...but it's good to share the feeling!
  • #131,205
  • Apr 29, 2021 2:28pm Apr 29, 2021 2:28pm
Quoting mtako
sneeky bulls. Just as I was getting ready to go have some nice dreams they had to ring my alarm and call for a change of SL. Maybe even before asian will it go right back to where it started.
Bull trap me thinks.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: -15.1%
  • #131,206
  • Apr 29, 2021 2:30pm Apr 29, 2021 2:30pm
Quoting surgeon
{quote} Bull trap me thinks.
I see it too!
"No pain no gain"
  • #131,207
  • Apr 29, 2021 2:44pm Apr 29, 2021 2:44pm
Seems like it will be hitting 1.2165-1.2175 before any meaningful retrace
  • #131,208
  • Apr 29, 2021 3:06pm Apr 29, 2021 3:06pm
Quoting fxmasterdxb
Seems like it will be hitting 1.2165-1.2175 before any meaningful retrace
That would be just fine with me. Entered a long at 21270 earlier this morning and nursed it back to life now sitting at be and was even up a few pips in last 15. Was tempted to close lick my wounds and sit on side. These are the times I keep referring to. Bad entry, stay underwater, get back to be thinking ok now it’ll keep going and then the direction change comes and goes back down (or up) and I’m just sitting on the edge of the wrong side of the move.
--post hoc ergo propter hoc--
  • #131,209
  • Apr 29, 2021 4:47pm Apr 29, 2021 4:47pm
Daily S/R Levels for Friday

  1. Resistance levels: 1.2131 and 1.2165
  2. Support levels: 1.2094 and 1.2057

Focus only on what truly matters!
  • #131,210
  • Apr 29, 2021 6:25pm Apr 29, 2021 6:25pm
Quoting Godzilla
we are going on a bear hunt. 2085 we cant go under it. 2220 we can go over it. 2100 can get us through it. bet this resonates with every dad on the forum.
Well, I have 2 daughters, so quite a different upbringing! But nonetheless I get the reference though! Nice and Happy Friday to you!!
  • #131,211
  • Apr 29, 2021 10:22pm Apr 29, 2021 10:22pm
Quoting fxmasterdxb
Seems like it will be hitting 1.2165-1.2175 before any meaningful retrace
looks to have one more move down circa 2100 imho. we willl see.
  • #131,212
  • Apr 29, 2021 10:54pm Apr 29, 2021 10:54pm
accumulation in process for next month
Attached Image (click to enlarge)
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  • #131,213
  • Apr 29, 2021 11:33pm Apr 29, 2021 11:33pm
Quoting Ata-Turkoglu
Daily S/R Levels for Friday Resistance levels: 1.2131 and 1.2165 Support levels: 1.2094 and 1.2057
I think we'll either see 1.22 or 1.205 depending on the remaining bear flag believers among retails.
I'm waiting for the US session to see a big move.
Withdrawal makes your profit real.
  • #131,214
  • Apr 29, 2021 11:58pm Apr 29, 2021 11:58pm
Good morning @ all,
to respect the weekly trendline, we need to move down today... Let's see...

Best
Chriss
  • #131,215
  • Apr 30, 2021 12:29am Apr 30, 2021 12:29am
My view is, month will settle down around 1.2050. Give or take 20 pips.
  • #131,216
  • Edited 9:51am Apr 30, 2021 12:51am | Edited 9:51am
Quoting Endoephemera
{quote} You were right about the up direction. B=Buy; S=Sell; L=Low; H=High. I BLaSH and SHaBL meaning I scale in and out and increase on adverse moves and decrease on favorable moves taking out the positions that are doing worse or gaining less, first. It works wonders until it doesn't when getting overstretched on unforeseen no retr. moves. {quote} Yesterday I managed to save the account from a significant floating loss taking the chance that it would retr. down somewhat before rollover. Today, short 1.2135 11:05 Server Time. Closed. Account +5.8%...
Short 1.2117 ...a bit premature perhaps since price is presently negotiating a S
09:29 Server Time ...on the other hand it is breaking as expected. Target 1.208
17:45 ST Target reached. Bit more B & S. Account +3.6%

Enough of this. Best week this year, +60%
Practitioner of the cryptic trading arts
  • #131,217
  • Apr 30, 2021 1:01am Apr 30, 2021 1:01am
Quoting PatienceFx
accumulation in process for next month {image}
I think one of the most important thing to watch is how oil trades, another reason why Iran deal is so important
At this price WTI to 65 maybe 70 you Cleary hit Europe with inflation already above 2%

German bunds are trading with yields close to -0.15% very close to 2019 high - that's a very sensitive level and if it goes like that we will have some pressure on ECB.

5Y chart - of 10y yield
Attached Image (click to enlarge)
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #131,218
  • Apr 30, 2021 1:32am Apr 30, 2021 1:32am
Quoting Traderview
My view is, month will settle down around 1.2050. Give or take 20 pips.
As for today, I expect some bull slaughter so we have abundance of steaks for a nice braai on Saturday.
  • #131,219
  • Apr 30, 2021 2:03am Apr 30, 2021 2:03am
Sell 1.2110 sl 1.2125 tp 1.2067
  • #131,220
  • Apr 30, 2021 2:17am Apr 30, 2021 2:17am
Two equal legs pattern target above 1.2500. Also there is good demand yet above 1700 and history repeats its self forex past studies has shown. Will it close the next three Months up again!

Attached Image (click to enlarge)
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EURUSD Monthly chart.
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