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  • #131,901
  • May 10, 2021 1:46pm May 10, 2021 1:46pm
Quoting Monk
Caught a couple more scalpes for +10 and one short just closed now for +15. Trying a small long here @ 2154. Probably will wiped out all my scalps lol

Well shoot....got busy on a conference call and underwater.....like I said....there go my scalped pips lol. Guessing will look to buy more at 2136 with hopes it bounces some there. It's quiet on here today. Everyone out spending all their bounty from friday's move?
--post hoc ergo propter hoc--
  • #131,902
  • May 10, 2021 1:58pm May 10, 2021 1:58pm
I think as long as H4 keeps opening above 1.2144 it looks fine for your long. High probability of seeing highs above 1.2175 I reckon, because we were hovering at this threshold so long today, probably lots of stop-losses gathering around there.
Another day, another dollar.
  • #131,903
  • May 10, 2021 2:11pm May 10, 2021 2:11pm
Quoting JBRolim
I see market in H1 over bought, I will continue with my sale,,,
Hello guys, I'm here again!
My humble view of the market ...
The market turned to selling, so be careful with purchases.

My sales will be stress-free for a long time,,,
"No pain no gain"
  • #131,904
  • May 10, 2021 2:22pm May 10, 2021 2:22pm
Quoting josip
{quote} And why?
Because we are in a EUR/USD bull market right now - that's why. Follow the trend
...because you never know - until you do!
  • #131,905
  • May 10, 2021 2:56pm May 10, 2021 2:56pm
Quoting fxsport
{quote} Because we are in a EUR/USD bull market right now - that's why. Follow the trend
The trend can turn easily within one day...and most people are too late to see it...so they get trapped with trades in the previous trend.
Everyone can see the chart, but only a few can actually read it.
  • #131,906
  • May 10, 2021 3:01pm May 10, 2021 3:01pm
Falling wedge... Would recommend to close shorts here and go long.
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Another day, another dollar.
  • #131,907
  • May 10, 2021 3:29pm May 10, 2021 3:29pm
Well, can this dip as low as 1.209x so to find support at last?
  • #131,908
  • May 10, 2021 3:38pm May 10, 2021 3:38pm
Quoting nic9man
Falling wedge... Would recommend to close shorts here and go long. {image}
What did you use as confirmation of the breaking ?


I have closed a long for a loss of -27. For now, will not take any long setups under 2139. We could be heading for a normal 2080s-2110s correction.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,909
  • May 10, 2021 3:47pm May 10, 2021 3:47pm
Quoting nic9man
Falling wedge... Would recommend to close shorts here and go long. {image}
I dont think so...it looks 5min chart, too small, better is 1H chart to see something good
we can go to 1.2090... will see
Trendlines H1,H4, SMC
  • #131,910
  • May 10, 2021 3:53pm May 10, 2021 3:53pm
Quoting mtako
{quote} What did you use as confirmation of the breaking ? I have closed a long for a loss of -27. For now, will not take any long setups under 2139. We could be heading for a normal 2080s-2110s correction.
When I posted it it was not broken yet. Now it broke to the downside, not as expected. Well sometimes it breaks to the downside and turns at the level of the peak, but seems not the case here.
@josip: Yes it was on M3, but looked good. Generally you are right, lower hit ratio for lower frequency.
Another day, another dollar.
  • #131,911
  • May 10, 2021 3:59pm May 10, 2021 3:59pm
nic9man
5min, 15mins its nothing
1h and more... there have a look
on 4H there is one wedge... hmm...lets find
Trendlines H1,H4, SMC
  • #131,912
  • May 10, 2021 3:59pm May 10, 2021 3:59pm
Well shoot.... now I’m getting chiseled away -15 pip stop hit at a time trying to pick the damn bottom
--post hoc ergo propter hoc--
  • #131,913
  • May 10, 2021 4:07pm May 10, 2021 4:07pm
Quoting mtako
{quote}
I have closed a long for a loss of -27
I don’t like seeing anyone loose trades but I do like see what I see as those who know what they are doing posting the times they do. Makes me realize often the price just moves against you and not that it was a poorly planned trade.

was that trade stopped out or you manually closed it? At what point did you think “uh oh this one could be in trouble” vs it just being under water some which often happens?
--post hoc ergo propter hoc--
  • #131,914
  • May 10, 2021 4:08pm May 10, 2021 4:08pm
Quoting OnlineAddict
{quote} The trend can turn easily within one day...and most people are too late to see it...so they get trapped with trades in the previous trend.
Totally agree, to play this you have to always stay focused. In a blink of an eye everything changes ...within the day, hours and minutes!
You can learn it the hard way or the bad. But that how it goes....
Grüße Freund, Zach
  • #131,915
  • May 10, 2021 4:10pm May 10, 2021 4:10pm
Hello again everyone, I haven't posted in a few weeks.

I'm short from 2155. SL to BE now. Targeting 2095ish area. Looking to buy at that area as well.
  • #131,916
  • May 10, 2021 4:17pm May 10, 2021 4:17pm
Quoting Monk
{quote} I don’t like seeing anyone loose trades but I do like see what I see as those who know what they are doing posting the times they do. Makes me realize often the price just moves against you and not that it was a poorly planned trade. was that trade stopped out or you manually closed it? At what point did you think “uh oh this one could be in trouble” vs it just being under water some which often happens?

Hi Monk, it was stopped out.

I did not think “uh oh this one could be in trouble”. What I usually do is close my most recent trade in one direction if I get an equally or more strong setup in the other direction. In this case, the only strong enough short setup to counter the potential that long still had was only 9 pips above the longs SLs, not enough to justify the close for that particular strategy.

Losses are very important to me, just as important as wins.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,917
  • Edited 4:47pm May 10, 2021 4:17pm | Edited 4:47pm
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The Average Discount Everything
  • #131,918
  • May 10, 2021 4:21pm May 10, 2021 4:21pm
Daily S/R Levels for Tuesday

Nearest target and supportive area sits roughly around 1.2102/12.. Still waiting for this correction to finish..

Bulls have to deal with strong sell pressure each time they come closer to 1.2170/85 area..
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Focus only on what truly matters!
  • #131,919
  • May 10, 2021 4:41pm May 10, 2021 4:41pm
Daily view
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Trade to enjoy... Money is after!
  • #131,920
  • May 10, 2021 4:49pm May 10, 2021 4:49pm
Attached Image
The Average Discount Everything
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