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  • #131,701
  • May 7, 2021 2:42am May 7, 2021 2:42am
If I had a long above 2040, Id be closing it now and let bears have their volatility fun time.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,702
  • May 7, 2021 2:44am May 7, 2021 2:44am
Quoting Ata-Turkoglu
{quote} Sorry I waited already.. now I am long from 1.2070..
Wow that's an aggressive one - think before the NFP we will see a strong mean reversion, but there are still some hours to go
Another day, another dollar.
  • #131,703
  • May 7, 2021 2:48am May 7, 2021 2:48am
Quite unexpected to see tapering headlines from EU side
Another day, another dollar.
  • #131,704
  • May 7, 2021 2:54am May 7, 2021 2:54am
my view
I had to redraw ... NFP shows

staying Short
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 345 KB
Trendlines H1,H4, SMC
  • #131,705
  • May 7, 2021 2:55am May 7, 2021 2:55am
Quoting Ata-Turkoglu
{quote} Sorry I waited already.. now I am long from 1.2070..
Quoting nic9man
{quote} Wow that's an aggressive one - think before the NFP we will see a strong mean reversion, but there are still some hours to go
Big (smart)risk = big rewards

Bulls have been in control for almost 50 hours now. And with some sweeeeeeet tight momentum for almost as long.

If they start to put an end to long term correction, it would probably be with a clean (tight SL gooooody)break above 70, maybe now.

I cant wait to see ifi it gets far enough before us news. Maybe I will not even need to manage my longs and have an early weekend !!!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,706
  • May 7, 2021 2:55am May 7, 2021 2:55am
Quoting josip
my view I had to redraw ... NFP shows staying Short {image}
Finally you have the wedge in your chart
Another day, another dollar.
  • #131,707
  • May 7, 2021 2:59am May 7, 2021 2:59am
Quoting Monk
My 2050 long not looking to hot at moment lol. Stop at be. Stop is at 2040 and thinking moving to be and if hit then out for the night. Sure as soon at that happens 2150 will happen by end of my night lol
Now I’m liking my long again lol
--post hoc ergo propter hoc--
  • #131,708
  • May 7, 2021 3:27am May 7, 2021 3:27am
07/05/21


Outlook on EU as per the H1 is continued bullishness, a look to the left gives a clear indication of how price retesting key resistance handle which coincides with that falling wedge target and H4 bulls managed to clear 1.20500 handle which has been the last line of defense for bears......as such will be looking to use any dip as an opportunity to go long.

Pending Buy order
Buy: 1.20455
SL 1.20200
TP1:1.20932
TP2:1.21142


Greeneries
Attached Image (click to enlarge)
Click to Enlarge Name: EU outlook.png Size: 106 KB
4&1 All Time Profit: $37,496
  • #131,709
  • May 7, 2021 3:29am May 7, 2021 3:29am
At around 1.2095 we reach the resistance through the Jan/Feb highs again.
Another day, another dollar.
  • #131,710
  • May 7, 2021 3:33am May 7, 2021 3:33am
Quoting mtako
{quote} {quote} {quote} Best case scenario for bulls, for me, has been reached: 2068. All positions now at BE again. Now, for me, no selling allowed above 2057, and at least till next week. Bulls need it to make a clear and clean close above 2070 for a much higher chance of a continuation tomorrow; and that could mean a push much higher still, as many more longer term bulls would be jumping on board. Bears need to be(ar) extra beware! Now no buying allowed before tomorrow is done with its funky news ticks dances....


Now no selling allowed above 2068 but actually am very serious, dont do it.

No buying allowed under it before volatility dance has ended, although till now it has been more of a solo dance

Espresso time anyone ? I send you all fresh e-espresso mmmmmmmmmm
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,711
  • May 7, 2021 3:36am May 7, 2021 3:36am
Hey Ata, where would you sell your long? Thinking of selling 10% as well before NFP, maybe at 1.2095?
Another day, another dollar.
  • #131,712
  • May 7, 2021 3:37am May 7, 2021 3:37am
Quoting Ata-Turkoglu
{quote} Sorry I waited already.. now I am long from 1.2070..
Closing here at 1.2085 with +15 pips.. Waiting for the next opportunity..
Focus only on what truly matters!
  • #131,713
  • May 7, 2021 3:37am May 7, 2021 3:37am
Quoting mtako
{quote} Now no selling allowed above 2068 but actually am very serious, dont do it. No buying allowed under it before volatility dance has ended, although till now it has been more of a solo dance Espresso time anyone ? I send you all fresh e-espresso mmmmmmmmmm {image}
For someone with huge long exposure it might make sense to close a bit before NFP. Just in case. Most wall street banks expect payrolls above consensus of a million, apparently big data based indicators are that strong. That said the shadow expectation is probably also above a million.
Another day, another dollar.
  • #131,714
  • May 7, 2021 3:38am May 7, 2021 3:38am
Quoting nic9man
Hey Ata, where would you sell your long? Thinking of selling 10% as well before NFP, maybe at 1.2095?
I am careful around 1.2090... Waiting on side lines feels better or I will keep buying dips if I see enough amounts of a drop..
Focus only on what truly matters!
  • #131,715
  • May 7, 2021 3:42am May 7, 2021 3:42am
Quoting nic9man
{quote} For me your charts are nearly as confusing as those from Macdulio
Not really. There are just two things to watch. Signal is created literally automatically. I might explain later.


SF
  • #131,716
  • May 7, 2021 3:50am May 7, 2021 3:50am
Quoting Ata-Turkoglu
{quote} Sorry I waited already.. now I am long from 1.2070..
... that feeling when you were not sure but decided to go short and then read in the forum that Ata went long.
Withdrawal makes your profit real.
  • #131,717
  • May 7, 2021 3:54am May 7, 2021 3:54am
Quoting nic9man
{quote} For someone with huge long exposure it might make sense to close a bit before NFP. Just in case. Most wall street banks expect payrolls above consensus of a million, apparently big data based indicators are that strong.

heres what I generally do before big news, aside from stopping to take any entries (resisted 6 nice setups since yesterday night!) a couple sessions before it :

Quoting mtako
{quote} .... Before considering any entries, I personally wait for volatility and average range to stop growing for at least half an hour. The majority of the time, I still get at least a decent setup after that, and a much safer one at that. And I loosen SLs that are around border of range and close any that are within.
My closest ones are 2041 and 2033 and 2028. I had planned to loosen those stops actually, but might not need to after all
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,718
  • Edited 4:47am May 7, 2021 3:57am | Edited 4:47am
Closed my long at 2088..was hoping for 2095 but good enough for me seeing NFP in a few hours.

edit: couldn’t resist a small short from up here...wanting to makeup those few pips from 88 to 95 lol. Tight stop 2012

edit: closed the short @ 2076

now flat for NFP
--post hoc ergo propter hoc--
  • #131,719
  • May 7, 2021 3:58am May 7, 2021 3:58am
Quoting mtako
{quote} heres what I generally do before big news, aside from stopping to take any entries (resisted 6 nice setups since yesterday night!) a couple sessions before it : {quote} My closest ones are 2041 and 2033 and 2028. I had planned to loosen those stops actually, but might not need to after all
Yes sure, that makes sense - but in case a 2mm number shows up we might see below 1.20s, so there is some known tailrisk here and someone who is very long can reduce a bit to be able to buy much lower just in case.
Another day, another dollar.
  • #131,720
  • May 7, 2021 3:59am May 7, 2021 3:59am
Quoting mtako
{quote} Now no selling allowed above 2068 but actually am very serious, dont do it. No buying allowed under it before volatility dance has ended, although till now it has been more of a solo dance Espresso time anyone ? I send you all fresh e-espresso mmmmmmmmmm {image}

Now no selling allowed above 2084 but actually am very serious, dont do it.

No buying allowed under it before volatility dance has ended chachacha
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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