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EURUSD only

  • #132,201
  • May 13, 2021 2:13pm May 13, 2021 2:13pm
I;m paying BOTH LONG and SHORT EU .

the different :
LONG- cost much more swaps
SHORT- cost lesser.

either way , holding EU positions . I have to pay broker daily swaps.
  • #132,202
  • May 13, 2021 2:14pm May 13, 2021 2:14pm
Quoting imwim
{quote} I wait for the moment when FED will raise interest rate...the swap for short EURUSD will be again positive...
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #132,203
  • May 13, 2021 2:42pm May 13, 2021 2:42pm
Quoting jonasdao
{quote} Taking my statement back. I start to believe, that the FED has to and will raise intertest rates. You can never be too sure about people wearing a rope around their neck aka tie. Peace and love to you all.
But can they really when the state is taking on massive amount of debt?
Another day, another dollar.
  • #132,204
  • May 13, 2021 2:43pm May 13, 2021 2:43pm
Can‘t believe the played the whole range again! Unbelievable.
Another day, another dollar.
  • #132,205
  • Edited 3:32pm May 13, 2021 3:16pm | Edited 3:32pm
Hi - This is my first post. I have enjoyed following this thread and wanted to contribute. I swing trade. Based on my analysis on a Daily chart; price fell from an area of divergence between price and momentum down to an area of demand. Will look for price to fall further to provide a better risk reward. If 1.2000 area finds institutional support - could get a set up to go long and rejoin the uptrend. Day trading now could be dicey. Overall Trend is up attracting buyers, but current momentum is down attracting sellers; and price is currently at a level of demand attracting buyers. So - basically a war zone between buyers and sellers and the battleground is between 1.2100 and 1.2050. I will watch the battle and wait for the 1.2000 area then look for a set up. Hope this made sense. Screen Shot attached
Attached Image (click to enlarge)
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  • #132,206
  • May 13, 2021 3:30pm May 13, 2021 3:30pm
Quoting nic9man
{quote} But can they really when the state is taking on massive amount of debt?
That was also my second (or maybe first) thought...
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #132,207
  • May 13, 2021 3:51pm May 13, 2021 3:51pm
Quoting jphilife
Hi - This is my first post. I have enjoyed following this thread and wanted to contribute. I swing trade. Based on my analysis on a Daily chart; price fell from an area of divergence between price and momentum down to an area of demand. Will look for price to fall further to provide a better risk reward. If 1.2000 area finds institutional support - could get a set up to go long and rejoin the uptrend. Day trading now could be dicey. Overall Trend is up attracting buyers, but current momentum is down attracting sellers; and price is currently at...

Warm welcome mate,

Very much appreciated your analysis, thank you. Definitely looking forward to your other posts.



Quoting nic9man
Can‘t believe the played the whole range again! Unbelievable.
I also found it impressive. Even though it happens quite regularly, today it is respecting the exact same center and that is rarer as usually there is more shifting up and/or down when it lasts that long. My record for range trading is not even believable

Now as I fall asleep like the price, I consider this last move up to be the third rise up the range and, more often than not, third or the fourth is the last. And every new break of 2075-81 is more important than the last. 2075-81 becoming support at this moment could give it the boost for a straight up to a first .21 test. Will surely see in asia.

I have to wait and see how 2070s do one last time, but probably my last longs marathon of the day (seting alarms though. Too important levels here).

Last move up was the cleanest of the three for me, and by far. Picked up a 1min countertrend at the very low, a 15m range trend, and three 3 momentum scalps that were sooooo smooth it actually got me worrying. Would be a miracle if they make it, but at the very end, they do.


Done for the day. Have a good one everyone ! Take good care
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,208
  • May 13, 2021 4:30pm May 13, 2021 4:30pm
Okay finally end of week again.. For Friday here are my thoughts:

  1. If volume is absent: Price will bounce between 1.2100 and 1.2056..
  2. If volume is plenty: We could see a retest of 1.2100/15 area.. Could bulls break above or not isn't clear yet!
  3. I keep it simple: While price is roughly below 1.2100 bears have the upper hand BUT based on retail trader statistics there are still too many sellers.. Meaning: Smart money probably favors bulls for now and it looks like buyers are not giving up because of that..
  4. Long story short: In my thinking it is still better to buy dips until 1.2100 area is properly tested..

I hope it helps... I am calling it a day and hopefully continue after London opening.. Happy Asian sessions

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D-SR.png Size: 29 KB
Focus only on what truly matters!
  • #132,209
  • May 13, 2021 7:36pm May 13, 2021 7:36pm
Attached Image (click to enlarge)
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Quoting Ata-Turkoglu
Okay finally end of week again.. For Friday here are my thoughts: If volume is absent: Price will bounce between 1.2100 and 1.2056.. If volume is plenty: We could see a retest of 1.2100/15 area.. Could bulls break above or not isn't clear yet! I keep it simple: While price is roughly below 1.2100 bears have the upper hand BUT based on retail trader statistics there are still too many sellers.. Meaning: Smart money probably favors bulls for now and it looks like buyers are not giving up because of that.. Long story short: In my thinking it is still...
I have same of view. Failur Wave 5. my expectations now im buy dip maybe it could be reach 1.2250 for testing this area.
  • #132,211
  • May 14, 2021 1:13am May 14, 2021 1:13am
Once again we arrived at crucial levels where novice sellers can't help themselves to sell every tiny drop just to end up dragged into more and more draw down by smart money.. Don't be a victim!
Focus only on what truly matters!
  • #132,212
  • May 14, 2021 1:25am May 14, 2021 1:25am
Bought again at 1.2099 with TP sentiment 1.2230
My observation may be wrong but intent correct. Stay calm!
  • #132,213
  • May 14, 2021 1:39am May 14, 2021 1:39am
....watch out guys, friday flying day ))) ....yeeeeehaaaaa )))
Attached Image
  • #132,214
  • May 14, 2021 1:44am May 14, 2021 1:44am
Folks, easy target for today
Attached Image (click to enlarge)
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  • #132,215
  • May 14, 2021 1:45am May 14, 2021 1:45am
Quoting Ata-Turkoglu
Once again we arrived at crucial levels where novice sellers can't help themselves to sell every tiny drop just to end up dragged into more and more draw down by smart money.. Don't be a victim!
Hey Ata, your next resistance is 1.21155 followed by 1.21795, correct?
Because I accumulated some excess longs at 1.2060 and need to load off at some smart point, or I set a stop loss. Which point would you recommend for a stop-loss to let upside run? 1.2095?
Another day, another dollar.
  • #132,216
  • May 14, 2021 2:47am May 14, 2021 2:47am
Quoting nic9man
{quote} Hey Ata, your next resistance is 1.21155 followed by 1.21795, correct? Because I accumulated some excess longs at 1.2060 and need to load off at some smart point, or I set a stop loss. Which point would you recommend for a stop-loss to let upside run? 1.2095?
Based on DAILY yes... but based on H1 there is one intraday level sitting at 1.2133

And yes for stops 1.2095 looks fair enough imho..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 39 KB
Focus only on what truly matters!
  • #132,217
  • May 14, 2021 2:56am May 14, 2021 2:56am
Quoting Bryan5229
{quote} Next support at 1.19931 which is daily support, the break of this level means daily is shifting to bear trend, but will confirm once we get at 1.19931. {image}
Closed all my trades. Having troubles with my broker.
Plan your trades and trade your plan.
  • #132,218
  • May 14, 2021 3:53am May 14, 2021 3:53am
Had my broker not been manipulating my charts, I would have beautiful buy setups.
Attached Image (click to enlarge)
Click to Enlarge Name: 844acac536e1626a34986f7b17772f98.png Size: 85 KB
Plan your trades and trade your plan.
  • #132,219
  • May 14, 2021 4:20am May 14, 2021 4:20am
Quoting Bryan5229
Had my broker not been manipulating my charts, I would have beautiful buy setups. {image}
How did they manipulate your charts?
  • #132,220
  • May 14, 2021 4:23am May 14, 2021 4:23am
Quoting redbaron1981
{quote} How did they manipulate your charts?
Let's keep broker issues behind the scenes (via pm) or for the weekend..

We better continue posting around EURUSD.. Thanks

*Based on H4, I am marking 1.2095/1.2105 area as main support..
Focus only on what truly matters!
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