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  • #131,421
  • May 3, 2021 7:45pm May 3, 2021 7:45pm
Quoting Godzilla
my wave analysis indicates sideways move daily: {image}
im short to 2020. expecting bounce from there to 2100s.

good luck to all
  • #131,422
  • May 3, 2021 8:06pm May 3, 2021 8:06pm
Quoting Godzilla
{quote} im short to 2020. expecting bounce from there to 2100s. good luck to all
there with you short @ 2060 tp @ 2025 sl @ 2080
--post hoc ergo propter hoc--
  • #131,423
  • May 3, 2021 10:18pm May 3, 2021 10:18pm
I keep updating my Tradingview H4 chart.. We can see that bears took control.. I got rid of my long entry from 1.2055 with +3 pips profit and switched back to selling.. But I will be watching on side lines until we see some volume.. Until then: Zzzzzz..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 64 KB
Focus only on what truly matters!
  • #131,424
  • Edited 10:52pm May 3, 2021 10:31pm | Edited 10:52pm
I covered my long trades and starting a short position in my swing account.

Still holding the shorts in my long term account, which went in the red a little after this big bull move but I did not close. As Jessie used to say, "sit tight when you know your right."

Just in time to "sell in May and go away". It does not always work but as you see on the chart, it has worked 6 out of 8 on the chart below. Pretty good odds.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 99 KB
Ecclesiastes 1:9
  • #131,425
  • Edited 11:09pm May 3, 2021 10:51pm | Edited 11:09pm
Quoting newbegger
I covered my long trades and starting a short position in my swing account. Still holding the shorts in my long term account, which went in the red a little after this big bull move but I did not close. Asa Jessie used to say, "sit tight when you know your right." Just in time to sell in May and go away. It does not always work but as you see on the chart, it has worked 6 out of 8 on the chart below. Pretty good odds. {image}
I am not posting much these days. I don't think I have much left to offer here as I am too tired to scalp anymore. Swing trades and long term only and that means less time in the chat rooms and my trades are days old sometimes before I remember to post. I started a couple of threads in forex factory awhile back to offer free advise to new traders. To help others build their fortunes. Some new traders people commented back but the Can't Do people took over and discouraged me from continuing.

To win at this game, you need to get your mindset aligned with how the markets work with trading.

But tonight, I posted almost a live trade as I did not check charts until an hour ago. Best of luck to you all. I am staying short for May, then probably cash out until August. August has usually been good to me,
Ecclesiastes 1:9
  • #131,426
  • May 3, 2021 11:11pm May 3, 2021 11:11pm
Okay, just like many of you, I am short from 1.2040, TP 1.2025, SL @ BE at the time of writing. This one could be pretty flawless, but let's see how it goes. Have a great day everyone!
  • #131,427
  • May 3, 2021 11:22pm May 3, 2021 11:22pm
Quoting yvestrcz
Okay, just like many of you, I am short from 1.2040, TP 1.2025, SL @ BE at the time of writing. This one could be pretty flawless, but let's see how it goes. Have a great day everyone!
Edit: SL 1.20435.
  • #131,428
  • May 3, 2021 11:31pm May 3, 2021 11:31pm
And of course I have to be the sore thumb , good morning all. Buy stop 1.20413
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,429
  • May 3, 2021 11:40pm May 3, 2021 11:40pm
my view
still short / downtrend
sell / sell limit
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 205 KB
Trendlines H1,H4, SMC
  • #131,430
  • Edited May 4, 2021 4:05pm May 3, 2021 11:41pm | Edited May 4, 2021 4:05pm
Quoting Endoephemera
... Account -4% Looking to go short. and out -4%
07:40 Server Time. Long 1.2038 to begin with. No reason other than it has dropped all Asia session. 1.202 possible but should support. Upside to 1.208 possible.
08:30 ST Increased long, heavy, 1.2035 tight SL
10:14 ST Long failed. Fully hedged running -3.6% on equity. Looking to go net short on retrs. ...net short
23:59 ST -4.1% on equity. Long 1.2005
Practitioner of the cryptic trading arts
  • #131,431
  • Edited 1:58am May 4, 2021 1:42am | Edited 1:58am
retail should be clustered like a flock of sheep, like in this group .... but support and remind each other well .... because retail cannot move prices, retail can only follow what smart money is making .... following changes in the behavior and character of the smart money .... retail only hitched a ride in the smart money market .... only flakes of ash in the market .... And we must remember that prices can be manipulated at any time, but the major trends are difficult to manipulate (that's R.D Wyckoff's word, so it's not mine)
Attached Image (click to enlarge)
Click to Enlarge Name: 3c01a3ceaa3cb9bea5f49eed60430dea.png Size: 100 KB
The Average Discount Everything
  • #131,432
  • May 4, 2021 1:56am May 4, 2021 1:56am
Attached Image
Another day, another dollar.
  • #131,433
  • May 4, 2021 2:32am May 4, 2021 2:32am
One more short from 1.20174, SL 1.2025, TP 1.20015.
  • #131,434
  • May 4, 2021 2:52am May 4, 2021 2:52am
EU on S (red line),
can be use for Long, but we are in downtrend... will wait for better position for sell
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 294 KB
Trendlines H1,H4, SMC
  • #131,435
  • May 4, 2021 3:14am May 4, 2021 3:14am
bought 2017 sl 1969
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,436
  • May 4, 2021 3:20am May 4, 2021 3:20am
bought 20202, buy stop 20285
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,437
  • May 4, 2021 3:51am May 4, 2021 3:51am
....watch out longs, the peregrine falcon is back , this time it can go to 1.17xx
Attached Image
  • #131,438
  • May 4, 2021 4:04am May 4, 2021 4:04am
Closed short nice. Long @ 2010 stop @ 9710
--post hoc ergo propter hoc--
  • #131,439
  • May 4, 2021 4:14am May 4, 2021 4:14am
Quoting Monk
Closed short nice. Long @ 2010 stop @ 9710
stop 9710 r you sure dude??
  • #131,440
  • Edited 5:34am May 4, 2021 4:30am | Edited 5:34am
What a day, two won short positions before the noon!
I believe it is going to go even lower. Would not be surprised if we see 1.195x today yet.
Thus another short 1.20012, TP 1.196, SL 1.20112.
Let's see what it does. A temporary bearishness is kind of unpredictable...
EDIT: Extended SL to 1.2015 as bears may need to take a deeper breath.
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