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EURUSD only

  • #131,941
  • May 11, 2021 2:24am May 11, 2021 2:24am
Quoting hesron
{quote} 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.....
On days like this the moment you put out an explanation market always proves you wrong.. I prefer to stay neutral for now!
Focus only on what truly matters!
  • #131,942
  • May 11, 2021 2:26am May 11, 2021 2:26am
Volatility rising period of the day has begun!!!!!!
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,943
  • May 11, 2021 2:30am May 11, 2021 2:30am
my view
I BUY until green line is not crossed
Attached Image (click to enlarge)
Click to Enlarge Name: up.jpg Size: 312 KB
Trendlines H1,H4, SMC
  • #131,944
  • May 11, 2021 2:52am May 11, 2021 2:52am
Quoting nic9man
On the other hand this might become a falling wedge on H4 in which case 1.2121 should support next. {image}
Support as expected (2 pips higher), so I think this H4 wedge is valid.
Another day, another dollar.
  • #131,945
  • May 11, 2021 2:59am May 11, 2021 2:59am
Quoting MzansiObi
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 {image}
As per the H4 chart, following that leg up, will only be looking to load longs on EU as and when price dips, while RSI may show a bit of a downward move, its worth mentioning it tends to take a bit longer to play out and given where price is on the H4 levels and the quicker stoch pointing upwards, we can see hpw the H4 bulls are defending the current support handle.....


Green Pips.....
Attached Image (click to enlarge)
Click to Enlarge Name: new week outlook.png Size: 86 KB
4&1 All Time Profit: $37,496
  • #131,946
  • May 11, 2021 2:59am May 11, 2021 2:59am
Here are my daily S/R levels for tomorrow because I think today is wasted..

Bulls trying to reach 1.2170/90 area in a wishy-washy way because it is just another "no news" day.. Maybe tomorrow could be more revealing.. Bulls have the upper hand but they are passive aggressive lol

My shark on H4 is also showing confusing behavior so far which is another reason why I am also not confident in selling the pattern..

Long story short: Smart money is stalling whatever this pair is normally headed towards.. I stay away from this BS and call it a day.. See you tomorrow..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 24 KB
Focus only on what truly matters!
  • #131,947
  • May 11, 2021 3:01am May 11, 2021 3:01am
Have to move my 2138 SL at 1.21374... will get back in probably if stopped out. Need to see what bears can do below that level with this volatility.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,948
  • May 11, 2021 3:03am May 11, 2021 3:03am
Quoting Ata-Turkoglu
{quote} On days like this the moment you put out an explanation market always proves you wrong.. I prefer to stay neutral for now!
yes .. better to monitoring price now .... market will show us their information
Attached Image (click to enlarge)
Click to Enlarge Name: 4541a912d359b0b07dbf9f18b93eefa3.png Size: 27 KB
The Average Discount Everything
  • #131,949
  • May 11, 2021 3:08am May 11, 2021 3:08am
Quoting Ata-Turkoglu
Here are my daily S/R levels for tomorrow because I think today is wasted.. Bulls trying to reach 1.2170/90 area in a wishy-washy way because it is just another "no news" day.. Maybe tomorrow could be more revealing.. Bulls have the upper hand but they are passive aggressive lol My shark on H4 is also showing confusing behavior so far which is another reason why I am also not confident in selling the pattern.. Long story short: Smart money is stalling whatever this pair is normally headed towards.. I stay away from this BS and call it a day.. See...
See you Ata, and thanks for this chart, I always use it. Not another passive aggressive day like yesterday! Range scalping heaven .

Cant be any more passive aggressive than my trading !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,950
  • May 11, 2021 3:37am May 11, 2021 3:37am
Quoting mtako
{quote} Moved to BE Bought at 1.21446
In this volatility, for this position, needed a close above 2148 to keep SL loose. Still can make it... But have to move SL at 21418. Bears might be lurking under there, especially if we dont get a clean break of 2150 soon.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,951
  • May 11, 2021 4:00am May 11, 2021 4:00am
Bought ! 1.21649! This is longer term trade...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,952
  • May 11, 2021 4:11am May 11, 2021 4:11am
Quoting mtako
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 !

My 2138 and 2155 SLs are now at 2147, will both be moved back to BE if 30m closes above the last.

Being careful, the bears can counter just as strongly in such volatility. I need it to stay above 2150 for another good hour for my todays longs to have a chance of surviving.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,953
  • May 11, 2021 4:15am May 11, 2021 4:15am
rising wedge
this pic I like...

...if it fills up, we go down...
Attached Image (click to enlarge)
Click to Enlarge Name: up.jpg Size: 268 KB
Trendlines H1,H4, SMC
  • #131,954
  • May 11, 2021 4:34am May 11, 2021 4:34am
Buy Stop on volatility 1.21669. SL 2160. Getting out fast if 15 min closes under .2169.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,955
  • May 11, 2021 4:52am May 11, 2021 4:52am
Quoting mtako
Buy Stop on volatility 1.21669. SL 2160. Getting out fast if 15 min closes under .2169.
Mistake. Stayed in finally, SL at low of previous 15m though. Volatility just dropped at last. Very good sign it has done so above 2160.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,956
  • May 11, 2021 5:07am May 11, 2021 5:07am
That was my last trade. Lost 4 pips.

Now, not worth getting any in the early 2170s, if it ever gets there...

We are perhaps just at the top of a range for a while. If so, I would need for the top of it to be properly broken and then catch a pullback happening above that top.

So next step:

It all depends on if price tests the weeks highs again, and HOW it acts around it.

And on the other end :

It all depends on how price acts in the 2090s to 2010s

Time for more patience


I hear crickets.

Im done for the day, unless I hear my weeks highs or lows alerts go off.

Cheers all!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #131,957
  • May 11, 2021 5:09am May 11, 2021 5:09am
Stay on sideline. And 10 pips locked to BE
  • #131,958
  • May 11, 2021 5:54am May 11, 2021 5:54am
Quoting mtako
{quote} Mistake. Stayed in finally, SL at low of previous 15m though. Volatility just dropped at last. Very good sign it has done so above 2160.

before u leave
I've always been curious if u have an indicator or system that calculates volatility specifically
or u just assume
just curious
  • #131,959
  • May 11, 2021 6:25am May 11, 2021 6:25am
Quoting decklinz
{quote} before u leave I've always been curious if u have an indicator or system that calculates volatility specifically or u just assume just curious
I understand he computes it. But it is easy if you have the data, even in Excel it is just a predefined formula, even if you don‘t know how you would compute it yourself. The more complicated task is to build profitable signals based on this volatility and of course the volatility itself is a parameterized number, making optimization more complex.
Another day, another dollar.
  • #131,960
  • May 11, 2021 6:56am May 11, 2021 6:56am
My key level 1.2193-1.2250 waiting for bear sign. My perspective long but now price need correction before rising up.
258 traders viewing now, 4 are registered:
Ar.Nabeel
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maliksufyant
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fmtrad3r
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Ata-Turkoglu