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  • #131,921
  • May 10, 2021 4:58pm May 10, 2021 4:58pm
Large move while volatility decreasing for the last 4 hours or so.

Half asleep... These can go pretty far before any decent pullbacks or reversal.

But for now, it did not go far enough to exclude the possibility that it is just a new bottom of a range that has slightly shifted downwards.
The early 2120 would make it too far.

My alarms will wake me up again probably

I wish you all a very very good night
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,922
  • May 10, 2021 5:05pm May 10, 2021 5:05pm
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The Average Discount Everything
  • #131,923
  • May 10, 2021 5:26pm May 10, 2021 5:26pm
Ok last attempt - long @ 2128. I’m close to flat for the day. Win 12 pips lose 9 win 8 loose 11.... all very small positions to I guess I can call it paying for practice.
--post hoc ergo propter hoc--
  • #131,924
  • May 10, 2021 5:34pm May 10, 2021 5:34pm
Quoting Monk
Ok last attempt - long @ 2128. I’m close to flat for the day. Win 12 pips lose 9 win 8 loose 11.... all very small positions to I guess I can call it paying for practice.
I don't think this correction is over bro.
Still more room to reach a support at least 2115 I think.
Trade to enjoy... Money is after!
  • #131,925
  • May 10, 2021 5:35pm May 10, 2021 5:35pm
That was fast. Buy stop 1.21390.



Quoting Monk
Ok last attempt - long @ 2128. I’m close to flat for the day. Win 12 pips lose 9 win 8 loose 11.... all very small positions to I guess I can call it paying for practice.
You are active! nice! PS i have a sell if price goes back down to 2131 in the next 30m.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,926
  • Edited 8:02pm May 10, 2021 6:17pm | Edited 8:02pm
Quoting saninvestor
{quote} I don't think this correction is over bro. Still more room to reach a support at least 2115 I think.

me either...trying my hand at “scalps” of say 7-15 pips of different sizes. I’ve got sort of a “goal” I’d like to take down in pips / $$ each day (obviously x position size) and wondering if I can make that easier by taking a larger position size over a smaller move. Usually I’m opening trades at .1 to .2 lots and then ideally adding 2 or 3 more of them not going over say .6 of a lot. Often I will sit in a .15 trade app damn day up or down $36 till finally it moves where I was hoping and I’ll capture 70-80 pips.

often I sit there and watch it go up 18 then down 22 and up 20 and down 18 and haven’t ever really tried to trade those.

if I can catch say 15 pips initial trade @ .4 using a pretty tight stop of day off 10pips I might be better at that. Especially if I catch some runners.

I do have a knack at getting into a direction change very close to the bottom or top. Doesn’t happen often but once a week or so I time it just right

edit: guess if I’m going to learn to scalp I need to learn to close the position when it hits +10
--post hoc ergo propter hoc--
  • #131,927
  • May 10, 2021 10:10pm May 10, 2021 10:10pm
For the next 8 to 12 hours these are my S/R levels on H4..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #131,928
  • Edited 11:10pm May 10, 2021 10:53pm | Edited 11:10pm
hopely candle tf h4 close above 1.21496 is better .... if until LO can breakout ... advantage for bearish after valid confirmation of bull trap
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The Average Discount Everything
  • #131,929
  • Edited 11:43pm May 10, 2021 11:16pm | Edited 11:43pm
Quoting hesron
hopely candle tf h4 close above 1.21496 is better .... if until LO can breakout ... advantage for bearish after valid confirmation of bull trap {image}
Agreed.. One thing for sure: I don't buy while M15 candles open below 1.2150/56...
Focus only on what truly matters!
  • #131,930
  • May 11, 2021 12:41am May 11, 2021 12:41am
Quoting mtako
That was fast. Buy stop 1.21390. {quote} You are active! nice! PS i have a sell if price goes back down to 2131 in the next 30m.
Moved to BE

Bought at 1.21446
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,931
  • May 11, 2021 12:58am May 11, 2021 12:58am
Quoting nic9man
Falling wedge... Would recommend to close shorts here and go long. {image}
if you looked at this wedge 1H, you wouldn't buy
ok, but we have a new day

search in 1h chart or 4H
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 298 KB
Trendlines H1,H4, SMC
  • #131,932
  • May 11, 2021 1:05am May 11, 2021 1:05am
Sellers obtained the rights for a Leg 2 down
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  • #131,933
  • May 11, 2021 1:13am May 11, 2021 1:13am
my view

I would be careful with Buy.
Maybe not today, but it breaks once.
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #131,934
  • Edited 2:02am May 11, 2021 1:37am | Edited 2:02am
Potential volatility at tomorrow's CPI print, as markets are now worrying about this number coming in higher than +0,3%, which would already be the highest April MoM forecast since 2000.
Another day, another dollar.
  • #131,935
  • May 11, 2021 1:45am May 11, 2021 1:45am
Good morning all

We might be at the bottom of the range for the day. Or bears will maybe take it down to test 1980s-2010s. Its now going for a third test. Third times the charm!?

buy stop 21388

As long as price is above 2125, buy stop 1.21551.

If price goes in the 2110s, Buy stop 2125

If goes below .21, I would be waiting for volatility to decrease, then establishing new level to close some older longs.

I wish you all a great trading day !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,936
  • May 11, 2021 1:50am May 11, 2021 1:50am
Quoting josip
my view I would be careful with Buy. Maybe not today, but it breaks once. {image}
It might be one, probably it would bounce one more time from the support to above 1.22 before breaking.
Another day, another dollar.
  • #131,937
  • May 11, 2021 1:54am May 11, 2021 1:54am
On the other hand this might become a falling wedge on H4 in which case 1.2121 should support next.
Attached Image
Another day, another dollar.
  • #131,938
  • May 11, 2021 2:13am May 11, 2021 2:13am
I really would love to sell BUT this is just another day I stay away because statistics are against current flow.. No logic at all why banks allow majority of retail traders to win.. I really can't comprehend.. So I stay away.. One thing for sure: I don't touch the buy button while M15 candles are below 1.2135 now... But I don't sell either.. Zzzzzz (at least for me)
Focus only on what truly matters!
  • #131,939
  • May 11, 2021 2:14am May 11, 2021 2:14am
Daily chart. May take some time.


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Looking for profitable short term trades ...|
  • #131,940
  • Edited 2:46am May 11, 2021 2:21am | Edited 2:46am
Quoting Ata-Turkoglu
I really would love to sell BUT this is just another day I stay away because statistics are against current flow.. No logic at all why banks allow majority of retail traders to win.. I really can't comprehend.. So I stay away.. One thing for sure: I don't touch the buy button while M15 candles are below 1.2135 now... But I don't sell either.. Zzzzzz (at least for me)
I try to see the last up movement projection, the range high limit has reach ....... and now bull trap has valid tf h4 ....... so if price going up in narrow volatility , i feel that is only manipulation ...... may be , i am wrong..... but banks not agreed for price higher more .... and ECB too
The Average Discount Everything
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