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Trading EURUSD only 43,756 replies

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  • #131,821
  • May 7, 2021 3:08pm May 7, 2021 3:08pm
Quoting nic9man
{quote} Indeed, but we must not forget that it was the greatest payrolls miss compared to expectations in the whole history. So we all witnessed a historical moment today. Cheers ladies and gentlemen.

Do you have any idea of how they can miss it by such a wide margin ???
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,822
  • May 7, 2021 3:20pm May 7, 2021 3:20pm
Quoting nic9man
{quote} hey energies, love how you switched the slope of your channel from negative to positive - looks much better now in my eyes. In my medium term setup 1.2275 is the next strong resistance.
....thanks brov, so if medium therm is 1.2275 -> it should go to 1.192x than go up... that's why ata is looking for sell
  • #131,823
  • May 7, 2021 3:31pm May 7, 2021 3:31pm
Quoting energies
{quote} ....thanks brov, so if medium therm is 1.2275 -> it should go to 1.192x than go up... that's why ata is looking for sell
Haha, just meant based on medium term lines, some reaching back years. Think we will reach it next week, Ata already said he wants to go long at 1.2136 in case we get back there...
Another day, another dollar.
  • #131,824
  • May 7, 2021 3:35pm May 7, 2021 3:35pm
Quoting Ata-Turkoglu
Just sold 1.2166... Stops at least 24 pips higher.. Will close no matter what before market close..
Closing order with +3 pips... At least I tried but market says: try me next week.. lol

Calling it a day and week.. Enjoy your weekends folks
Focus only on what truly matters!
  • #131,825
  • May 7, 2021 3:47pm May 7, 2021 3:47pm
Quoting Ata-Turkoglu
{quote} Closing order with +3 pips... At least I tried but market says: try me next week.. lol Calling it a day and week.. Enjoy your weekends folks
We'll all keep trying...and the market will always be right! That's how this goes...
Good weekend all! JS
  • #131,826
  • May 7, 2021 3:50pm May 7, 2021 3:50pm
Just closed my “scalp” I got distracted at work from for around +17 I think lol. I’d never be a good scalper i get distracted too easy with work

overall had a good week. Some dumb ass trades in there as usual. Sort of pissy I missed NFP fireworks. Was at 730am my time - set my alarm for 715 and woke up but then stretched and “rested” my eyes a minute and dozed back off having been up all night watching Billions dreaming big lol. Probably for the best I’d had most likely.

anyways - thanks to all for replies and comments and those who just read my rants
--post hoc ergo propter hoc--
  • #131,827
  • May 7, 2021 3:58pm May 7, 2021 3:58pm
Quoting mtako
{quote} Do you have any idea of how they can miss it by such a wide margin ???
The payrolls number has an incredible volatility in general, but this does not explain such a miss. In this particular instance it seems that many indicators, especially new big data based indicators gave completely incorrect picture. It seems that there are many open positions to be filled but many people are not taking the jobs as they get government benefits. Probably they are not lazy and would prefer to take the job in general but are being held back as schools are closed and children at home or as they are not vaccinated yet and afraid of corona. That's how I understand it.

Of course Hesron would present you another story Namely that smart money made this NFP estimate for dumb money

Btw in hindsight, knowing the outcome, it is too funny to read this short article again:
https://www.businessinsider.com/apri...21-5?r=DE&IR=T
Another day, another dollar.
  • #131,828
  • May 7, 2021 4:01pm May 7, 2021 4:01pm
Just closed my “scalp” I got distracted at work from for around +17 I think lol. I’d never be a good scalper i get distracted too easy with work
--post hoc ergo propter hoc--
  • #131,829
  • May 7, 2021 4:04pm May 7, 2021 4:04pm
Quoting Monk
Stop out at 2150 and now flat. Of course the FOMO is me wishing I’d closed at 2160+ and gone short and heavy lol. hope everyone ended up positive for the week or at least even. The last couple weeks I’ve almost dig myself out of a hole I created 3 weeks ago in about 2 days of stupidity.
You have all my respect. Only stupid people state that they never make mistakes. Your two losing days were not stupidity but part of your learning process. I have been trading since 2005 and I still make mistakes. It's still part of my learning process.
  • #131,830
  • May 7, 2021 5:13pm May 7, 2021 5:13pm
Thanks Hutch! Always looking for all the info I can absorb. Sometimes i make really good decisions but many more times not.
--post hoc ergo propter hoc--
  • #131,831
  • May 8, 2021 5:27am May 8, 2021 5:27am
Weekly chart. The "Bounce Area" is where EURUSD found resistance and failed to 1.1704.

I keep my bullish view from yesterday. A break of 1.2243 resistance will lead price at 1.2349 first, before the last supply level, unless it stays in the orange area and back down again.

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Looking for profitable short term trades ...|
  • #131,832
  • May 8, 2021 6:16am May 8, 2021 6:16am
Those who do it for a living, what is the average value of your pip earned? I am not asking about your won/lost ratio as it is an intimate information, just like the profit you make. Or perhaps, if you can't share the value, then I'd be interested to learn about what your plan is a week/month in terms of net pips earned? Thanks for whatever you can share. Anyone trading solely EUR/USD out of those who make money for a living out of trading?
  • #131,833
  • May 8, 2021 6:34am May 8, 2021 6:34am
Lower Low, Higher High - trend broken
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  • #131,834
  • May 8, 2021 8:11am May 8, 2021 8:11am
Quoting Ata-Turkoglu
Opposite of falling knife.. don't try to catch it..
Trying to catch a falling knife / trying to catch a speeding arrow...just remember me my naive period of trading...

My cure was to increase the average time of opened trades from a few minutes to many hours till a few days, with an increase of the expected payoff with the same ratio...
I am who I am
  • #131,835
  • Edited 9:00am May 8, 2021 8:41am | Edited 9:00am
H1 Status Update

For the next 10 hours after market opening these are my roughly projected S/R levels..

  1. For my followers: 1.2145/50 was our most current aggressive buy level and depending on opening gap this might change..
  2. If 1.2178 area breaks bulls could easily rally to 1.2228/38 area..
  3. While candles open above my red envelope line I stay away from selling and keep buying dips.. (As some of you will remember I have tried to sell 1.2166 on Friday but market didn't want to give in.. with help of my levels you can see why I dared to sell.. I was relying on 1.2178 but of course it can be a dangerous thing.. so always careful when selling at resistance)

*I had to squeeze and flatten the chart vertically to fit everything in..

I hope it helps! Happy weekends to all..

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Focus only on what truly matters!
  • #131,836
  • May 8, 2021 10:11am May 8, 2021 10:11am
Quoting yvestrcz
Those who do it for a living, what is the average value of your pip earned? I am not asking about your won/lost ratio as it is an intimate information, just like the profit you make. Or perhaps, if you can't share the value, then I'd be interested to learn about what your plan is a week/month in terms of net pips earned? Thanks for whatever you can share. Anyone trading solely EUR/USD out of those who make money for a living out of trading?
I do not use a static or average pip value when trading. Every entry level in relation to the current market movement and potential take profit price has it's own value for my system. I cannot speak for anyone else but that is the way I do it.
MY GRID. Markets are NOT random.
  • #131,837
  • Edited 11:06am May 8, 2021 10:20am | Edited 11:06am
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in general i change all scenarios.

Now for shorterm its potential to 1.21000 before back to up. Price will going to 2240-2250 daily stochastic golden croses for up and weekly to. So short for shorterm
But if that price back to 1.1980 really Bear for me. Now i watching how long uptrend can be reach.
Dont tell to me 1.1980 Unreached all can be happened. We must prepare all scenarios

My view still bias. Not really valid for up move.
Daily volume increases. Prices increases.
  • #131,838
  • Edited 1:39pm May 8, 2021 11:32am | Edited 1:39pm
Price is moving where it should. Horizontal lines were added where blue vertical line is. Actually it is over now. We made it to the high. These are old so I guess I can share them now without any copyright. xD

Just to explain... Price is moving in cycles. For example those were last cycles we had on EUR/USD. Now they are old as said. They should be recalculated now. But I'm still learning this.

SF
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  • #131,839
  • May 8, 2021 2:14pm May 8, 2021 2:14pm
The ECB is not going to tolerate an Euro above 1.21

https://www.bloomberg.com/news/video...the-euro-video
  • #131,840
  • May 8, 2021 3:02pm May 8, 2021 3:02pm
Quoting SilentFather
Price is moving where it should. Horizontal lines were added where blue vertical line is. Actually it is over now. We made it to the high. These are old so I guess I can share them now without any copyright. xD Just to explain... Price is moving in cycles. For example those were last cycles we had on EUR/USD. Now they are old as said. They should be recalculated now. But I'm still learning this. SF {image}
If counting an elliot wave its complate cycle but. Its not correlate about big future. So im waiting for it. If its must be correlate? Eurusd must be rebounce on 1.14. If we need recalculate, its time to make wave 1.
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