EURUSD only | Page 6606 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

  • #132,101
  • May 12, 2021 12:06pm May 12, 2021 12:06pm
https://www.forexfactory.com/thread/...0#post13533260
===================
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily sr.png Size: 61 KB
  • #132,102
  • May 12, 2021 12:15pm May 12, 2021 12:15pm
Quoting Ata-Turkoglu
I just dared to buy 1.2066.. Stops should go at least 24 pips lower or more..
Me too... @ 70...
  • #132,103
  • May 12, 2021 12:17pm May 12, 2021 12:17pm
Quoting chrissfx
{quote} Me too... @ 70...
I have 1.2055 as an additional daily support level for Thursday that gives me confidence.. Good luck to you as well

Meanwhile on H1: temporary target of correction could be 1.2099 area or maybe a little lower..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 38 KB
Focus only on what truly matters!
  • #132,104
  • May 12, 2021 12:18pm May 12, 2021 12:18pm
Looks like a 127.2 extended double top on the daily. Don't know why I didn't notice this before. This may make me go full bearish on this pair. If today's movement wasn't proof enough. Combined with clear divergence on the RSI, it's definitely looking bearish. I'll wait and see what happens if/when RSI drops near 50.
Attached Image (click to enlarge)
Click to Enlarge Name: mkDEpCXf.png Size: 89 KB
  • #132,105
  • May 12, 2021 12:27pm May 12, 2021 12:27pm
Came back to share my deep thanks to all, about the PMs I received that only today one too many started to give me the wrong impression... Looks like it is not general after all and am very happy about that !


I thought my day was over, again.. Now I also have to plan for the very important 2050s support reaction, that will perhaps establish a period of ranging between .18s and .22s. If that happens, my longs in trend adventure would have no more reason to exist.

I doubt that it will happen, but still have to prepare for it.

Bears need to break and stay below 2050s now, and have a good continuation below Fridays low to give this weight on the longer term, in my view.

Did expect 4h momentum to be challenged soon, but not to see such a big dent in it ! a good 20h below 2070s and past long momentum will be broken apart. One 4h is usually not enough though. "not usually" is a traders killer. Preparing....

Did plan for Fridays first half to be tested, but not from the high in one single day and so deep!! Amazing.

Volatility still hasnt stopped growing for more than 15 minutes. Need another 30m decreasing volatility in order to update some of my stops, now mainly at 1985, 2020 and 2040.

This could very well be the bottom of a ranging period. Hope it will shift slightly up in time, if that is the case !




Quoting Ata-Turkoglu
{quote} I didn't notice direct insults buddy.. If you can pm me the posts that you think are insults I can inspect and warn or ban the toxic member if necessary.. Just let me know via pm.. We continue to post around EURUSD.. Thanks
Big thanks for everything Ata!

No, it is through PMs of course...about my posts on this thread... Will just ignore any future messages of that nature now that I know it is not a general feeling..

But I didnt take offense. Just needed to make sure. Im not the type of guy to hang around where I am not wanted by too many.

Thank you for your understanding. You are truly awesome ! Glad to see up to now that it is not general, as I value you guys and this place.

for all !!!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,106
  • May 12, 2021 12:29pm May 12, 2021 12:29pm
Quoting Ata-Turkoglu
I just dared to buy 1.2066.. Stops should go at least 24 pips lower or more..
Closing order with +12 pips... I still prefer tiny bits since shark pattern territory requires extra caution! (At least for me)
Focus only on what truly matters!
  • #132,107
  • May 12, 2021 12:46pm May 12, 2021 12:46pm
Quoting chrissfx
{quote} Me too... @ 70...
I’m still in @ 2073 from like 2 hours ago. Why does the price often scream in one direction and once I play frogged and jump in it stalls in a 8 pip range lol

Mtako - earlier you posted:
Ok, Im done, my latest buy stops are now at 2078 and 2089. Others posted are still active. But they will all be cancelled soon, probably in an hour or two, depends on average range and volatility...

I’ve seen you post before about time frames on cancelling a trade. So you enter this with the goal of price doing some move within X number of candles and if it doesn’t then cancel the trades? In other words if price doesn’t go to whatever by the close of some future candle you see the “setup” as null and void, cancel then reevaluate based on whatever happened over that time period?

ive got so much to learn
--post hoc ergo propter hoc--
  • #132,108
  • May 12, 2021 12:47pm May 12, 2021 12:47pm
Quoting mtako
Came back to share my deep thanks to all, about the PMs I received that only today one too many started to give me the wrong impression... Looks like it is not general after all and am very happy about that ! I thought my day was over, again.. Now I also have to plan for the very important 2050s support reaction, that will perhaps establish a period of ranging between .18s and .22s. If that happens, my longs in trend adventure would have no more reason to exist. I doubt that it will happen, but still have to prepare for it. Bears need to break and...
Hi Mtako,
Ata has religiously policed this thread since Sept 2017. There is no thread like this on forex factory. The reason I come back to this thread. I wish all threads were controlled like this. Do your thing .
Cheers
Trade to trade another day
  • #132,109
  • May 12, 2021 12:48pm May 12, 2021 12:48pm
Quoting Ata-Turkoglu
I just dared to buy 1.2066.. Stops should go at least 24 pips lower or more..
Quoting chrissfx
{quote} Me too... @ 70...
Welcome to the club ! At last, not only takos in the room !

Just got a good 2074 countertrend setup confirmed, but it has to be closed above 2078 in 30 minutes and only has 3 hours to break above .21, or it is closed.


Quoting Ata-Turkoglu
{quote} Closing order with +12 pips... I still prefer tiny bits since shark pattern territory requires extra caution! (At least for me)



Ata ! You just made my heart go through a bigger roller coaster than EURUSD ever did !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,110
  • May 12, 2021 12:51pm May 12, 2021 12:51pm
EURX H4 trend just turned to Down, USDX H4 trend just turned to Up...EURUSD buys will be risky for next 2 weeks...
I am who I am
  • #132,111
  • May 12, 2021 1:20pm May 12, 2021 1:20pm
Quoting imwim
EURX H4 trend just turned to Down, USDX H4 trend just turned to Up...EURUSD buys will be risky for next 2 weeks...
USDX - yes, it is in the uptrend, but the price has just reached the beginning of the resistance area, + 20pips more. can be...
so we can think about BUY on EU
Trendlines H1,H4, SMC
  • #132,112
  • May 12, 2021 1:22pm May 12, 2021 1:22pm
My personal belief is that this was massive accumulation under the line I expected to bounce, meaning we're in for a huge potential up move.. holding the long and time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: c2d96d581146b6871b1220d8958ce5af.png Size: 107 KB
  • #132,113
  • May 12, 2021 1:24pm May 12, 2021 1:24pm
Quoting Wavegarrick
{quote} Hi Mtako, Ata has religiously policed this thread since Sept 2017. There is no thread like this on forex factory. The reason I come back to this thread. I wish all threads were controlled like this. Do your thing . Cheers
Thank you Leon.. Means a lot to get positive critic from loyal family members.. Best wishes
Focus only on what truly matters!
  • #132,114
  • May 12, 2021 1:33pm May 12, 2021 1:33pm
Volume dropped as we are near end of day.. I stepped down to M15 now..

As long as M15 candles open above 1.2071 it is better to stay long! Of course with very tight and tiny targets!
Focus only on what truly matters!
  • #132,115
  • Edited 1:55pm May 12, 2021 1:39pm | Edited 1:55pm
Quoting josip
{quote} USDX - yes, it is in the uptrend, but the price has just reached the beginning of the resistance area, + 20pips more. can be... so we can think about BUY on EU
Nearest weekly target for the bear trend is 150 pips ATR = 1.20314, and nearest monthly target is 200 pips ATR = 1.19814...best places for a bounce...

Hyper inflation in USA announced today at 12 years high...USDX is near the 3 years low...any resistance will be easy to be broken...
I am who I am
  • #132,116
  • May 12, 2021 1:39pm May 12, 2021 1:39pm
Quoting jdtown99
{quote}... added sell positions. Sell: 1.2162 SL: 40 pips Profit: Open

Break below 1.21166 next week will validate a bear run.
Trades:
Sell orders at 1.2162 remain open
SL: 1.2122 (+40 pips) locked
TP: 1.2022 (+140 pips)

Levels:
Major resistance: 1.21669 held again.
Weekly Support: 1.21166 broke.

Forecast:
Formation of head & shoulders in progress. Waiting to close sell orders at next support (neck line) and looking for opportunity to add more sell order on the bounce back and formation of 2nd shoulder.
  • #132,117
  • May 12, 2021 1:48pm May 12, 2021 1:48pm
Potential rising wedge on M15 now, so we will probably see another run towards 1.2070 or deeper soon, unless M15 closes above 1.2083
Another day, another dollar.
  • #132,118
  • May 12, 2021 2:05pm May 12, 2021 2:05pm
Quoting Bryan5229
{quote} hahaha the shark is real, it's just pretending to be fake.
A simple joke about a shark is paying off.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210512-205540.png Size: 68 KB
Plan your trades and trade your plan.
  • #132,119
  • May 12, 2021 2:12pm May 12, 2021 2:12pm
Bulls cannot let bears momentum hold at this level. It is too low still. Need a push above 2088 in the next hour, and to .21 in a little less than 2H, at least.


Of course the bears might take over even before.. Under these circumstances, too often, the smaller the pullback = the longer the next downward move.

Eyeing a growing number of deal breakers for the bulls, and the longer most closings remain under 2081, the worst it is.




Had not seen you post mate, hope this answers your question and perhaps even give you ideas to eventually test out with your own strategy/ies.

Quoting Monk
{quote} I’m still in @ 2073 from like 2 hours ago. Why does the price often scream in one direction and once I play frogged and jump in it stalls in a 8 pip range lol Mtako - earlier you posted: Ok, Im done, my latest buy stops are now at 2078 and 2089. Others posted are still active. But they will all be cancelled soon, probably in an hour or two, depends on average range and volatility... I’ve seen you post before about time frames on cancelling a trade. So you enter this with the goal of price doing some move within X number of candles and...

You got it 100% mate! But that is not always needed. For some strategies of mine, the probability of it succeeding can be calculated also with factors from after the entry, time, reaction to certain levels, patterns, opposing setups, etc. But those all change constantly according to fixed rules.

I add, close or partially close, according to the change in probability.

Dont let it discourage you mate ! It is not necessary to learn and work that much.... Remember, in a zero sum game, there are probably as many ways to profit than to lose. Imagination, rigor in research and development is therefore very helpful, but not necessary at a high degree. The world of consistently profitable strategies is much more diverse and rich than anyone can imagine. I firmly believe this based not only on my own experience but also of other traders with whom I have worked with. There are very complex approaches and very simple approaches.

I know what I do is not completely necessary to be successful overall. I often admire the trader with a much simpler approach. My adventure has just taken that naturally I guess ! And I have become accustomed to constantly do everything in my power to keep my return/dd as low as possible and that takes a lot of optimized diversifying, and so a lot of work. But that is just me and it is really not all necessary to do well. I did well enough for a few years with only 2 pairs and 3 strategies (trend, countertrend, range). But couldnt stop researching and developing at the time and therefore slowly build that up.

Hope it helps and
Good luck with your trade !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,120
  • May 12, 2021 2:34pm May 12, 2021 2:34pm
Quoting Bryan5229
{quote} A simple joke about a shark is paying off. {image}
Fully agree.. you nailed it with that post.. If I just knew but my 6th sense which generally alerts me quite well left me in the shadows for this one
Focus only on what truly matters!
586 traders viewing now, 2 are registered:
,