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  • #1,193,661
  • May 3, 2021 4:00pm May 3, 2021 4:00pm
Quoting here2there
{quote} We have to wait for it to get unstuck.
What happened to your short position, did you close it? Did it hit your stop loss, or still open?
  • #1,193,662
  • May 3, 2021 4:56pm May 3, 2021 4:56pm
Quoting Techanalyst
{quote} What happened to your short position, did you close it? Did it hit your stop loss, or still open?
I'm still short. If it breaks below 2015, I may add to my position on a pullback.
Learn from your mistakes and march on.
  • #1,193,663
  • May 3, 2021 4:58pm May 3, 2021 4:58pm
My first trade for today... Let's see where asia will take it.
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Only an idiot knows with certainty to where the market is going.
  • #1,193,664
  • May 3, 2021 5:13pm May 3, 2021 5:13pm
Quoting Techanalyst
{quote} What happened to your short position, did you close it? Did it hit your stop loss, or still open?
I can't deny that it is starting to look like bears have thrown in the towel. Frankly, there really isn't any reason for people to have any confidence in the dollar. So it's not surprising it is being punished so severely.

Nevertheless, I will hold my position.
Learn from your mistakes and march on.
  • #1,193,665
  • May 3, 2021 6:27pm May 3, 2021 6:27pm
I got in long at the bottom. Called this one over the weekend.
Was ready to pounce yesterday.
This is a no-short zone.
  • #1,193,666
  • May 3, 2021 6:39pm May 3, 2021 6:39pm
If it makes it to 19306, I will move my stop to break even and close out half of my trade.
Learn from your mistakes and march on.
  • #1,193,667
  • May 3, 2021 7:25pm May 3, 2021 7:25pm
Bears have no strength. EURUSD remains bullish.Will add more buy positions tomorrow.
  • #1,193,668
  • May 3, 2021 7:38pm May 3, 2021 7:38pm
Seasonally, EUR is weak and USD is strong in month of May
  • #1,193,669
  • May 3, 2021 7:40pm May 3, 2021 7:40pm
And the summer months I see USD strengthening therefore I see EURUSD has one more push up to 1.22 and then it will fall to 1.16 area
  • #1,193,670
  • May 3, 2021 9:47pm May 3, 2021 9:47pm
Still holding my shorts.
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  • #1,193,671
  • May 4, 2021 12:12am May 4, 2021 12:12am
Quoting paogeh
Still holding my shorts. {image}
am i correct master ?
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  • #1,193,672
  • May 4, 2021 12:14am May 4, 2021 12:14am
Bearish yet, but watch the level below 2000 may bounce.

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  • #1,193,673
  • May 4, 2021 12:33am May 4, 2021 12:33am
Quoting Js3mwtRc
{quote} Price did 11/12 pips above this level and bounced back, this may be what bears want! Price has memory, we people forget, cpu's have the advantage here.
Free lunch! That was a good trade for doing almost nothing. I don't risk more than 20 pips in these levels, or wait for a close. Watch next is 2000.

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  • #1,193,674
  • May 4, 2021 12:37am May 4, 2021 12:37am
lets see coz rvi is in bullish territory
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  • #1,193,675
  • May 4, 2021 12:58am May 4, 2021 12:58am
Quoting PatienceFx
{quote} am i correct master ? {image}
my chart is empty .
except volume , just for reference.
  • #1,193,676
  • May 4, 2021 1:37am May 4, 2021 1:37am
Quoting paogeh
{quote} my chart is empty . except volume , just for reference.
sorry tuntun is excessive volume for me to handle

anyways i do not trust mt4 volume which is calculated from price itself
  • #1,193,677
  • May 4, 2021 1:41am May 4, 2021 1:41am
VOLUME MEASUREMENT
The Forex market is a decentralized market, which means that there is no formula for volume or method of keeping track of the number of contracts and contract sizes, such as in the stock market. The Forex market measures volume by counting the tick movements. The logic behind this is straightforward:
a) Price moves up and down in ticks.
b) The Forex market cannot measure how many contracts are sold, but it can measure how many ticks price moves up or down in any given time frame.
c) It can still be measured by measuring how many ticks price moves up and down.
d) Therefore, irrespective of how many transactions have been completed to make the price move, the net effect will be measured.
It is the equivalent of focusing on the next result instead of analyzing the process. The volume measurement in the Forex market is looking at how much price moves within a certain period and it does not care how many or few buying and selling transactions are in fact needed to make that price move 1 tick. All it knows is how many ticks it moved, regardless of the fact if 100 trades were involved or 10,000.
  • #1,193,678
  • May 4, 2021 1:42am May 4, 2021 1:42am
Quoting PatienceFx
VOLUME MEASUREMENT The Forex market is a decentralized market, which means that there is no formula for volume or method of keeping track of the number of contracts and contract sizes, such as in the stock market. The Forex market measures volume by counting the tick movements. The logic behind this is straightforward: a) Price moves up and down in ticks. b) The Forex market cannot measure how many contracts are sold, but it can measure how many ticks price moves up or down in any given time frame. c) It can still be measured by measuring how many...
after reading this, those who trust mt4 volume will kill me lol
  • #1,193,679
  • May 4, 2021 1:49am May 4, 2021 1:49am
Falling NZD and CHF are not good omens for EURUSD

https://finviz.com/forex_performance.ashx

Remember? The range may work until NFP.

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  • #1,193,680
  • May 4, 2021 2:20am May 4, 2021 2:20am
Another buy op here
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