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  • #1,193,821
  • May 6, 2021 7:56am May 6, 2021 7:56am
Quoting Techanalyst
{image} {image}
Looks like it worked out for you. I started getting concerned when things slowed down. So I got out. Fortunately, I saw an opportunity approaching on EURNZD, which worked out nicely.
Learn from your mistakes and march on.
  • #1,193,822
  • May 6, 2021 8:06am May 6, 2021 8:06am
Quoting here2there
{quote} Looks like it worked out for you. I started getting concerned when things slowed down. So I got out. Fortunately, I saw an opportunity approaching on EURNZD, which worked out nicely.
You see where I put the arrow pointing at that big red candle. That was another confirmation that this will possibly turn and go bullish. That red candle tells me that institutions added some sell positions and pushing it down hard and fast to get all the other traders to enter sell positions which they did, and now they are pushing the price up to take the profit and knock out anyone in the way.
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  • #1,193,823
  • May 6, 2021 8:13am May 6, 2021 8:13am
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  • #1,193,824
  • May 6, 2021 8:13am May 6, 2021 8:13am
Quoting PatienceFx
look at ADR and look at daily 14 sma, the result of news in 5 minutes will be crystal clear 2054 short taken, no sl chart pattern on h4 and previous supports
unemployment claims shows whatthe emploment data and NFP will be tomorrow

and not to forget MAY month seasonals
  • #1,193,825
  • May 6, 2021 8:17am May 6, 2021 8:17am
Quoting SamiFX
{image}
institutions trade in one direction ans specialized hedge companioes work to hedge those positions

look at COT closely, i had a biog laugh when i figured that out, this is why its a zero sum game
  • #1,193,826
  • May 6, 2021 8:20am May 6, 2021 8:20am
Quoting Techanalyst
{quote} You see where I put the arrow pointing at that big red candle. That was another confirmation that this will possibly turn and go bullish. That red candle tells me that institutions added some sell positions and pushing it down hard and fast to get all the other traders to enter sell positions which they did, and now they are pushing the price up to take the profit and knock out anyone in the way. {image}
Trading supply and demand zones is certainly the best way to trade. But it takes a lot of patience.
Learn from your mistakes and march on.
  • #1,193,827
  • May 6, 2021 8:22am May 6, 2021 8:22am
Quoting here2there
{quote} Trading supply and demand zones is certainly the best way to trade. But it takes a lot of patience.
Totally agree. It does take time and patience, but once it gets to that demand level for example, and you know it is time to buy, you are almost always right and you start adding buy positions and let it run from there 200 pips and up and make a lot of money. Same goes the opposite when sell.
  • #1,193,828
  • May 6, 2021 8:25am May 6, 2021 8:25am
I forgot NFP would be tomorrow. I'll wait that out before I trade this pair.
  • #1,193,829
  • May 6, 2021 8:29am May 6, 2021 8:29am
Take Note!

FXSSI Current Ratio
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Learn from your mistakes and march on.
  • #1,193,830
  • May 6, 2021 8:45am May 6, 2021 8:45am
Remember traders...

Money is made by sitting, not trading. Take your time, once there is opportunity, buy/sell and hold. When the market starts going the opposite way of your trade, take the profit and wait for the next long term set up. It does take time, it is slow, but you will make money. Be patient. That is what trading/investing is patience.
  • #1,193,831
  • May 6, 2021 8:45am May 6, 2021 8:45am
Good boy EU .Don't stop till 1.21500...
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #1,193,832
  • May 6, 2021 10:01am May 6, 2021 10:01am
EURUSD is bullish but still not in the clear, in my opinion. Take caution!

Price could potentially retrace to 20280 before continuing up.

Attached Image
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Learn from your mistakes and march on.
  • #1,193,833
  • May 6, 2021 10:36am May 6, 2021 10:36am
Thursday , EU fx option expires
10am NY eastern time

again , majority traders lose $$$ .
1.3B + 1.4B ===> Ouchhhh
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  • #1,193,834
  • Edited 11:42am May 6, 2021 10:41am | Edited 11:42am
Quoting Js3mwtRc
The price may not rise above 2035, but in case of a fake out above 2050 this is the scenario {image} 15 min. {image}
Will it fall below 2042!

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  • #1,193,835
  • May 6, 2021 11:34am May 6, 2021 11:34am
Quoting here2there
EURUSD is bullish but still not in the clear, in my opinion. Take caution! Price could potentially retrace to 20280 before continuing up. {image}{image}
Market is never clear. It is designed to fool people. The moment we think it is clear... we get fucked up. Our job as a trader is to technicaly/methodologically measure our own risk/reward. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,193,836
  • May 6, 2021 11:57am May 6, 2021 11:57am
If no liquidity in system means large position is held by few.. They do manipulate price too..
Best trade in such sittuation is, if short and trade if in profit, simply book it..
If long and trade in profit, simply close it..
Both cases, high chance to get better rate for buy and sell later.
  • #1,193,837
  • May 6, 2021 12:40pm May 6, 2021 12:40pm
Quoting MrBullBear
{quote} Market is never clear. It is designed to fool people. The moment we think it is clear... we get fucked up. Our job as a trader is to technicaly/methodologically measure our own risk/reward. Cheers!
I understand that. But what I meant by 'clear' in this case, is a strong signal indicating the bullish trend is likely to continue.

The Daily shows EURUSD is bullish. But it is at a critical point. It could go south, as the Daily candle hasn't closed yet. But it is looking good for bulls thus far.

What I want to see is a close above 20653 (based on current PA), a test for support, and a bullish candle to confirm a continuation of the trend.

EURUSD Daily
Attached Image
Learn from your mistakes and march on.
  • #1,193,838
  • May 6, 2021 6:34pm May 6, 2021 6:34pm
Tomorrow is Friday, it's a COT reports. Can't wait to see how many more buy positions institutions added.
  • #1,193,839
  • May 6, 2021 9:50pm May 6, 2021 9:50pm
NFP today.
After a bit of analysis I don't think price is trending anymore.
It's waiting the results of NFP to start misdirecting the traders again.
  • #1,193,840
  • May 7, 2021 12:14am May 7, 2021 12:14am
NFP today, but looking at this chart - Daily, I can think its going to continue up.

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