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  • #132,221
  • May 14, 2021 4:32am May 14, 2021 4:32am
Quick revisit to my Daily S/R levels:

Bulls need to watch out for sell pressure appearing around 1.2136.. As long as 1.2100 acts as support I prefer to buy dips.. BUT my TP targets are limited with 1.2136 for Friday.. I personally don't believe that bulls will break this resistance before this week ends.. Time will tell
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Focus only on what truly matters!
  • #132,222
  • May 14, 2021 4:43am May 14, 2021 4:43am
Quick revisit to my H4 S/R levels:

Price might be trapped inside diamond channel.. Resistance: 1.2137 area, Support: 1.2102 area..
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Focus only on what truly matters!
  • #132,223
  • Edited 5:59am May 14, 2021 4:43am | Edited 5:59am
update3
closing Long positions.
and wait for better entry for BUY.
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Trendlines H1,H4, SMC
  • #132,224
  • May 14, 2021 4:48am May 14, 2021 4:48am
Quoting redbaron1981
{quote} How did they manipulate your charts?
Today price is stuck at 1.21000 when other brokers are having their prices trading around 1.214. On my chart price spike every second and goes back to 1.2100, the worst part of it I'm trying to call the broker and they not picking up their phone.
Plan your trades and trade your plan.
  • #132,225
  • May 14, 2021 5:02am May 14, 2021 5:02am
Quoting Wavegarrick
{quote} These trades with the rejection off 1.21000 worked out nicely. We could possibly have a retrace to 1.20729 ish before another try down for 1.20500 and my weekly support 1 at 1.20455. Cheers. {image}
Hi Guys,
This pullback has been a lot deeper than I could have anticipated. Signals are currently mixed even though I still tend to lean to the downside. Today I opened a small buy trade and a sell trade all locked in currently. The news in 2 and a half hours should shake the market.
We shall see.
Cheers.
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Trade to trade another day
  • #132,226
  • Edited 10:32am May 14, 2021 5:04am | Edited 10:32am
Quoting Endoephemera
{quote} Out of my longs 1.2090 Even if it were to go 20 PiPs higher we'll have to go back down to the Asia session range. 09:50 Server Time Quick long on demo account for 1.211 I still expect a move back down from there. 10:44 ST They won't even give me 1.211... Working for nothing here. Will reverse short when it approaches again the high. 10:54 ST Got out of long in real but underwater in demo. Price will not go below yesterday's low and it will not go above 1.2122 for a few hours at least. Positions against those extremes. 11:53...
Going to try a bit of heavy longing here around 1.2107
13:57 Server Time. Switched to heavy shorting around 1.2113

16:56 ST. How it keeps rising is obscene. I should send a strongly worded letter to Goldman Sachs and the others.
18:30 ST. Out. Been managing my heavy short (8% of account) through over 30 PiPs adverse move with occasional net longing. Out -0.8% on account which is totally fine. Closing first week back in real money with +10%. Demo account -66% or something today; couldn't have the distraction, leaving it with a bunch of fresh shorts on. EURUSD is going to tank.
Practitioner of the cryptic trading arts
  • #132,227
  • May 14, 2021 5:51am May 14, 2021 5:51am
Quoting Wavegarrick
{quote} Hi Guys, This pullback has been a lot deeper than I could have anticipated. Signals are currently mixed even though I still tend to lean to the downside. Today I opened a small buy trade and a sell trade all locked in currently. The news in 2 and a half hours should shake the market. We shall see. Cheers. {image}

Could it be after the news the price will go up ? Because the forecast said that usd will be weak.
  • #132,228
  • May 14, 2021 5:52am May 14, 2021 5:52am
Good day all ! Finally get a little time off trading. This momentum build from 2075-81 turned into the best case scenario for the intraday momentum traders. Now it is perhaps going into trending mode, especially if 2100 does not get properly broken before a new move up above 2011, with this same increasing volatility.

I have shared more details of this scenario in my previous posts, if anyone is interested. I also shared my thoughts on the potential of a ranging period transforming into a momentum period at this point, which has, for the first time in a while for the bulls, come to fruition.


Now that the .2100s break 'no mans land' is expired, I can get back into taking longs. My last was at 2096 and I stopped as usual under these circumstances, to wait for the first pullback above previous resistance, 2100.

I have bought my first of a scalp countertrend setup, at 2104, stoploss now at 2099, and my first buy stop at 2112 with SL below low of the hour. But is almost expired as it is based on time/volatility + average range growing, the last of which has just ceased for the last hour or so.

Next one would be at 21175, good as long as previous 30m low not breached.

If the bears take it back = possibility of longer term ranging will be too much for me and Ill have to close some positions.

We have been through these levels the 7th. That spike up not allowing much setups to occur, this tight momentum period stemming from the 2070s has been a blessing for my longer-term endeavors.

As I already stated, these levels were too important for me to ignore. I will sleep soon, promise. But it has been worth it.

If 21 holds, this will have been my most productive 11 hours of the month, thanks to the unwavering momentum and the unceasing momentum-based setups confirmed one after the other. This does not happen often. Theses conditions make it possible to have many momentum setups confirmed, which have very tight stops and have previous SL at BE with every new one. The earlier bottom of range trades and trend scalps also helped greatly in the way to the momentums confirmation. The lack of any new movements below 2070 played a big part in the origin of this momentum move.


I wish you all a great weekend! Trade safe, relaxed and happy.


Quoting mtako
{quote} ... 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...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,229
  • May 14, 2021 6:41am May 14, 2021 6:41am
why it was easy to take the morning to a long position
its 30min chart, LONG is still working
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Trendlines H1,H4, SMC
  • #132,230
  • Edited 8:27am May 14, 2021 8:15am | Edited 8:27am
Still too many retail sellers... Nothing to short yet

*Based on M15, If 1.2133 breaks next stop would be 1.2155 area..
Focus only on what truly matters!
  • #132,231
  • May 14, 2021 8:41am May 14, 2021 8:41am
Are we going to see 1.2170 today yet? I am kind of serious about it, SL high above BE, thinking of where we can get without losing too much of the opportunity there can still be... other than that, have a great weekend, Folks!
  • #132,232
  • May 14, 2021 8:48am May 14, 2021 8:48am
Quoting yvestrcz
Are we going to see 1.2170 today yet? I am kind of serious about it, SL high above BE, thinking of where we can get without losing too much of the opportunity there can still be... other than that, have a great weekend, Folks!
Without a kick bulls won't feel satisfied.. there is always that kick.. that extra rally nobody expects.. So yes imho 1.2155 is possible today but 1.2170 is still a mystery.. Speaking from past experience: Fridays are famous with its last minute, never ending rallies..

*I can already sense it: banks and smart money have zero intention to allow reversal..
Focus only on what truly matters!
  • #132,233
  • May 14, 2021 8:56am May 14, 2021 8:56am
2154-2161 area loaded with sells? The day is still young this friday.
  • #132,234
  • May 14, 2021 8:59am May 14, 2021 8:59am
Quoting SnaveForex
2154-2161 area loaded with sells? The day is still young this friday.
I would suggest to leave that "searching for tops" mindset and enjoy the bull carnival.. Cheers..

Bulls are singing:
Mas que nada,
Sai da minha frente
Eu quero passar
Pois o samba está animado
O que eu quero é sambar.
Focus only on what truly matters!
  • #132,235
  • May 14, 2021 9:14am May 14, 2021 9:14am
Sold @ 1.2140

Sl 1.2170

Tp open.

Based on 4hrs.

1.2156 is the key. I expect the daily close below 1.2136.

Let's see
  • #132,236
  • May 14, 2021 9:24am May 14, 2021 9:24am
Well my small longs from 2073 earlier this week finally came alive. Was going to close here but put a stop in @ 2136 locking in some nice pips and see what it does rest of the day. So tempted to close and take a short just over 2150 level and hold through the weekend
--post hoc ergo propter hoc--
  • #132,237
  • May 14, 2021 9:30am May 14, 2021 9:30am
Based on M15, I am marking 1.2133 as nearest support...
Focus only on what truly matters!
  • #132,238
  • May 14, 2021 10:01am May 14, 2021 10:01am
I am almost done for the day. A day that now feels like a week

Did not think I could come back for a final update on my trading and analysis. Glad to be here with you all.


Over 2131, for now and for my strategies, momentum is still as strong as it can get, and I continue to take all long setups.

Above 2120, still too strong to sell, but pause buying till next pullback is done.

Above 2152, potential uncalculatable, for me.

2172 Is my max for opening positions. As a battle of new monthly highs would be too probable. If we get there, ideally it would move enough for it to become support, then I would start again to accept all longs setups. Wont be today of course.


Long term. A momentum daily setup will be confirmed if:

A close today above 2131, and a break of that high needs to occur Monday or Tuesday, at the latest.

If that happens, potential of a new and a much strong push up would have a good enough chance of unfolding, and my main stops could be pushed up to 2060.


Now relaxing, eating a yummy cod fish plate and waiting for the bears to be done with their own push. next buy stop is 21416, SL below low of last 30m since entry. A touch of 2123 before and buystop cancelled. Usual TP would 2172. I keep at BE, as usual, longterm trend still intact.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #132,239
  • May 14, 2021 10:16am May 14, 2021 10:16am
Quoting yvestrcz
Are we going to see 1.2170 today yet? I am kind of serious about it, SL high above BE, thinking of where we can get without losing too much of the opportunity there can still be... other than that, have a great weekend, Folks!
Set TP @ 1.2165, I close my eyes and leave it to the bulls' capables "que sera, sera". :-)
  • #132,240
  • May 14, 2021 10:29am May 14, 2021 10:29am
Hello everyone, hope you're all great. I think we have reached the highest price for today, on the previous 1H candle. Therefore, I think bears could try, and take it low for today lol.
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