If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #132,721
- Edited 6:16am May 21, 2021 6:01am | Edited 6:16am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
- #132,723
- May 21, 2021 6:15am May 21, 2021 6:15am
Guys this DXY falling wedge drives me nuts. I will sell some of my EURUSD longs, too risky that the wedge is real. {image}
Yep, also I have a tight eye on the DXY. You can see this from my posts. The base line is a really strong tractor beam... and I expect that this will continue. It will bounce again and again. For the near term I expect that the DXY will continue the same trajectory (with some short relief stories of course) to the 8915 level from 6 January. I expect that this level will be reached next month... approx 2-3 weeks from now.
Then it might bounce a little around, have a short relief run near the upper line for 1-2 weeks just to continue the down trajectory to the real target -> the 8850-8825 zone.
This I expect to b e reached somewhere in July. In August we might have the expected the retracement. Because in August the FED is expected to change some of their regimes - which is not much in the public media but top analysts (I mean realy good ones) are hinting at this.
- #132,724
- May 21, 2021 6:27am May 21, 2021 6:27am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Hallo nic9man, hoffe bei Dir ist alles im lot
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #132,725
- May 21, 2021 6:41am May 21, 2021 6:41am
{quote} Where have you been all this time !!! Your posts today have been my favorites. I dont get many posts that I can actually relate to... Cheers and thanks mate and hope to see you around often.
Well... Covid mess has a bit of impact on my situation. Running in circles here in the desert... so I am on and off here. Currently I am hanging around so I use some time for trading hence, you can find a few posts from me.
- #132,726
- May 21, 2021 6:58am May 21, 2021 6:58am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Now if this move can move into stronger volatility in momentum mode like in July... mmmmm. Anyways, we are far from there, but we are at the limits of that possibility unfolding. Here the Weekly chart. Important to notice the potential resistance we are facing at the moment. Massive. Just as important to remind ourselves that if it breaks it, it will have to go through that. And we are there to weigh the probabilities and manage our risk. Possible times for some tight stops and large TP. That is exactly why I am more aggressive than ever. Also, as ridiculous as that seems, even higher TFs can have influence on intraday trading.
And I am almost done for the week! Amazing week full of twist and turns and another great one for long-term holding bulls like me. I have been in optimizing mode this week and have relived many periods, like last Decembers and last Julys moves more than a few times again. Very important to go back for me, helps keep my mind fresh on the million scenarios that can happen, both ways. If this keeps up just a little bit more, I will beat my December record in terms of secured intraday trades gone long-term, which probably seems like bragging
, but its not. I work hard like all you good folks, and need this regular look back, and especially at the bad periods.
BEs flying right and left for me, as usual. Got a new set up with a limit at 2200 just triggered, and that is also my new level over which I can buy. And will continue buying aggressively as long as we are above that(will not miss my favorite 2015 !), but not over 2240, as that is now "no mans land" for me.
Hope you all had a good week. Wish you all a great weekend !
And I am almost done for the week! Amazing week full of twist and turns and another great one for long-term holding bulls like me. I have been in optimizing mode this week and have relived many periods, like last Decembers and last Julys moves more than a few times again. Very important to go back for me, helps keep my mind fresh on the million scenarios that can happen, both ways. If this keeps up just a little bit more, I will beat my December record in terms of secured intraday trades gone long-term, which probably seems like bragging
, but its not. I work hard like all you good folks, and need this regular look back, and especially at the bad periods.BEs flying right and left for me, as usual. Got a new set up with a limit at 2200 just triggered, and that is also my new level over which I can buy. And will continue buying aggressively as long as we are above that(will not miss my favorite 2015 !), but not over 2240, as that is now "no mans land" for me.
Hope you all had a good week. Wish you all a great weekend !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #132,729
- May 21, 2021 7:02am May 21, 2021 7:02am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #132,730
- May 21, 2021 7:13am May 21, 2021 7:13am
- | Joined Apr 2009 | Status: Trader | 1,197 Posts
DXY double bottom? 
Trade to enjoy... Money is after!
- #132,731
- May 21, 2021 7:18am May 21, 2021 7:18am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #132,734
- May 21, 2021 8:01am May 21, 2021 8:01am
- Joined Jun 2009 | Status: Trader | 1,734 Posts
1.2215-1.2206 support.{image}
Picked up another entry at the low and market is nearing the downside 50%. I don't expect it to hold.
MY GRID. Markets are NOT random.
- #132,736
- May 21, 2021 8:45am May 21, 2021 8:45am
- Joined May 2014 | Status: Full Time Trader | 27,121 Posts | Online Now
Comes out it was wise to close my sell order from 1.2217 with +5 pips.. Now as I planned to trade my AB=CD.. I keep selling this.. This time with a little better price than before.. Sold at 1.2228 (+11 pips improvement lol)... Stops go again at least 24 pips higher or more.. What is left is waiting!
*Meanwhile on H4: 1.2216 is nearest resistance now!
Focus only on what truly matters!
- #132,737
- May 21, 2021 8:49am May 21, 2021 8:49am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
{quote} Hallo nic9man, hoffe bei Dir ist alles im lot
US Services PMI quite strong, might retest 1.2152 now.
Happy I sold some lots at 1.2232 earlier... But still massively long
Another day, another dollar.
- #132,738
- May 21, 2021 8:53am May 21, 2021 8:53am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #132,739
- May 21, 2021 8:54am May 21, 2021 8:54am
- Joined May 2014 | Status: Full Time Trader | 27,121 Posts | Online Now
{quote} Moving SL to 1.2202 (+26 pips locked).. I keep trailing until I get stopped out..
Focus only on what truly matters!
- #132,740
- May 21, 2021 8:56am May 21, 2021 8:56am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
{quote} Closing order here at 1.2176 with +52 pips... Will hopefully reload again with a new short order! No rush!
Another day, another dollar.