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  • #131,321
  • Apr 30, 2021 10:29am Apr 30, 2021 10:29am
EU GDP and Inflation datas are released. Although Euro lost some strength fundamentally, it still has advantage over USD. So i think today is just a pullback. When this pullback ends, i will add more to my EURUSD long position again.
You have to have an IQ higher than 90 to interact with this user.
  • #131,322
  • Apr 30, 2021 10:30am Apr 30, 2021 10:30am
I still think we are going long long-term, but I think we are finally having our pullback.

First image is the weekly, I believe we're having a pullback similar to the area I have pointed. We also closed above my horizontal line, which would make a perfect place for a whipsaw.

2nd image is my analysis on the daily, we "broke" the obvious daily resistance and looked like it was supporting the next day, let's see what we have in store for us next month my arrow 1 and 2 are what i think will happen, I'm looking to exit my short and go long if/when price reaches those points
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  • #131,323
  • Apr 30, 2021 10:30am Apr 30, 2021 10:30am
Quoting Ata-Turkoglu
{quote} One thing for sure bro: you are the most dramatic trader on this thread
forex is dramatic, so do i
....now it's dramatic to see the funny guys buying
  • #131,324
  • Apr 30, 2021 10:39am Apr 30, 2021 10:39am
If PA hits 1.2010 i will take a scalp long
  • #131,325
  • Apr 30, 2021 10:39am Apr 30, 2021 10:39am
Quoting Ata-Turkoglu
{quote} Check the weekly chart and try to see why 1.1910/30 area is actually the main stopper! Before your 1.1800 bears have to crack that area.. So... let's better go step by step
....maybe monday it'll have a short break somewhere around 1.1900...
  • #131,326
  • Apr 30, 2021 10:41am Apr 30, 2021 10:41am
Quoting energies
{quote} ....maybe monday it'll have a short break somewhere around 1.1900...
1.1990 is next support on DAILY... Monday or whatever day it is bears will attack it.. But until it is not broken it is not broken.. Step by step is key! No rush!
Focus only on what truly matters!
  • #131,327
  • Edited 12:02pm Apr 30, 2021 10:44am | Edited 12:02pm
- I still have a 4% drop in my chart H1
"No pain no gain"
  • #131,328
  • Apr 30, 2021 10:48am Apr 30, 2021 10:48am
Quoting Traderview
My view is, month will settle down around 1.2050. Give or take 20 pips.
And done the day with 100 pips from 1.2130 to 1.2030 with 10 lots.
Waited for 2 days for this trade.

See you guys on Monday.

Trade safe and stay safe
  • #131,329
  • Apr 30, 2021 10:49am Apr 30, 2021 10:49am
Quoting Ata-Turkoglu
{quote} 1.1990 is next support on DAILY... Monday or whatever day it is bears will attack it.. But until it is not broken it is not broken.. Step by step is key! No rush!
thanks brov
  • #131,330
  • Apr 30, 2021 10:50am Apr 30, 2021 10:50am
Quoting jdtown99
Looking at monthly chart. Seems like 50% retraction, 1.2167, of May 2014 bear run is being tested again. If 1.2167 resistance holds, I expect the Q1 2021 bear run to return in full force for the remainder of 2021.
1.2150 resistance held this week. My sell signal is active on 4H. Normally I'd look for a retest of 1.2150 where I would add sell positions and hold for a significant swing down. Unfortunately, I entered sell positions way too early on this Q2 bull run last week which limits my ability to add more sell positions at retests. Lesson learned for next swing.
  • #131,331
  • Apr 30, 2021 11:08am Apr 30, 2021 11:08am
Quoting Kyuu
I still think we are going long long-term, but I think we are finally having our pullback. First image is the weekly, I believe we're having a pullback similar to the area I have pointed. We also closed above my horizontal line, which would make a perfect place for a whipsaw. 2nd image is my analysis on the daily, we "broke" the obvious daily resistance and looked like it was supporting the next day, let's see what we have in store for us next month my arrow 1 and 2 are what i think will happen, I'm looking to exit my short and go long if/when...

Finally, the uptrend got the decent correction it deserved! And yes, perhaps a pullback, that will slingshot the price even higher.

I am actually surprised it did not happen sooner.

Anything more would be the cherries on top , but I wont insist.

Bulls must be so tired after such a month! All now cozy in their caves, or still lurking around ?


Cheers all and again have a great weekend, and thanks a lot for the shares and company, and an extra thanks to Ata !


Boring stuff :

Bought at 32. Next ! Probably NEXT week that is, but late fridays h a v e surprised me before...

As I have shared days ago, I have been closing some old longs, at 2070s and other levels and times, and today especially since 2030s, and will continue till the 1980s. At which point this move will have brought me much satisfaction.

I will not bother listing them, for there are a lot and it would be just another useless share by me.

Will continue mainly as I was of course, if these levels are rejected with mainly longs.
And if below -+2010, would start accepting even more short setups (already increased, as planned, since 2038).

But its not over yet ! Probably know next week.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,332
  • Apr 30, 2021 11:11am Apr 30, 2021 11:11am
Quoting mtako
{quote} Me too! got a buy stop at 37 Ill be right behind !
Question - when doing your scalps what are you usually settling your stop at? Like 5 pips below most recent low on a 15 minute chart? Do you have a set pip target amount in mind like 15 pips? How many pips up till you move the stop to be?

just tried a small long “scalp” at 2032 with a stop at 2019....trying something new. Seems like a big drop over last several hours to not have some sort of a pullback.
--post hoc ergo propter hoc--
  • #131,333
  • Apr 30, 2021 11:20am Apr 30, 2021 11:20am
Quoting Monk
{quote} Seems like a big drop over last several hours to not have some sort of a pullback.
Lol can't count how many times that thought has come around to bite me in the buttocks
  • #131,334
  • Apr 30, 2021 11:20am Apr 30, 2021 11:20am
good battle mates, this is already over, happy weekend

buenos compañeros de batalla, esto ya se acabó, feliz fin de semana
  • #131,335
  • Apr 30, 2021 11:30am Apr 30, 2021 11:30am
I want to see next week, add more short ASAP, and i use COT data.

Good luck and have a nice day
  • #131,336
  • Apr 30, 2021 11:35am Apr 30, 2021 11:35am
Renko 50R broke 50%
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"No pain no gain"
  • #131,337
  • Apr 30, 2021 11:38am Apr 30, 2021 11:38am
Quoting mtako
{quote} Me too! got a buy stop at 37 Ill be right behind !
Still not in, amazing, turned one pip below
Another day, another dollar.
  • #131,338
  • Edited 11:54am Apr 30, 2021 11:43am | Edited 11:54am
Quoting Monk
{quote} Question - when doing your scalps what are you usually settling your stop at? Like 5 pips below most recent low on a 15 minute chart? Do you have a set pip target amount in mind like 15 pips? How many pips up till you move the stop to be? just tried a small long “scalp” at 2032 with a stop at 2019....trying something new. Seems like a big drop over last several hours to not have some sort of a pullback.

Hi Monk. I was just about to switch PCs without forum ! Kidding its a pleasure ! But please excuse my incomplete answer.

There is no one general answer for any of your questions and I doubt any short answer could be of any value to you, but hope nonetheless that the following too short answer will be appreciated.

I use several very different strategies. But my SLs are all dynamic, and are based on the given strategy as well as aspects from current market conditions and on mm.

SLs are rarely larger than TP but it depends on the given conditions. And I usually do not move SL to BE.

Only one of my longs today had a harder time, my 85. The rest was the usual "reach TP, moved SL at BE", or got out early since there was not the ideal unfolding and probability went down too much. I have been moving at BE for most of my longs setups taken in dips and since the start of this months trend, but only because of it.

For me, a position at 2032 still has potential, but I personally would be out or SL tightened because, to make it short, what triggered mine was mainly volatility, and volatility has been down too long, and stuck right at the entry.

The only other one I got left is, at its core, a scalp volatility based trade taken from a double bottom, doubt it will survive though, as it is at 27, at BE.

Got to be persistent though, and diversify ! Thats the only way it works out well for me.


P.S be careful. I got a strong sell setup below 28, who knows if they are done...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,339
  • Apr 30, 2021 11:51am Apr 30, 2021 11:51am
Quoting nic9man
{quote} Still not in, amazing, turned one pip below
Nic ! Nice to see.

! you caught that ! wow, nice !. ya, most of my buy stops never even get triggered under these conditions. And that is the important point. And they expire pretty fast also... Should stop sharing some probably... as I cant always fill in the blank here and update enough..
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,340
  • Apr 30, 2021 12:02pm Apr 30, 2021 12:02pm
Quoting JBRolim
- I still have a 4% drop in my chart H1
- Increased to 5% from seller H1
"No pain no gain"
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