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  • #133,161
  • May 27, 2021 1:34am May 27, 2021 1:34am
Quoting corongumet
{quote} Yeah. Lets see
I think today will be a bullish day. And till the end of week we will understand if there will be a new high or not.
  • #133,162
  • May 27, 2021 1:46am May 27, 2021 1:46am
More and more retail sellers coming in.. Good for bulls
Focus only on what truly matters!
  • #133,163
  • May 27, 2021 1:55am May 27, 2021 1:55am
Quoting Ata-Turkoglu
More and more retail sellers coming in.. Good for bulls
May retest 2220-26 before more drop
Trade to enjoy... Money is after!
  • #133,164
  • May 27, 2021 1:59am May 27, 2021 1:59am
S/R levels for the next day often give better results.. Here are my important levels:

  1. It is easy to see how important 1.2180 area is!
  2. Bulls have to re-break above 1.2203 to keep hopes!
  3. Overall I believe selling attacks towards 1.2230 area is the better option.. Once I get rid of my long order I hopefully will begin to sell BUT for now I am still in recovery mode!

I hope it helps

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Focus only on what truly matters!
  • #133,165
  • May 27, 2021 2:18am May 27, 2021 2:18am
aggressive short @ 2204 targetting 2160
  • #133,166
  • Edited 2:30am May 27, 2021 2:18am | Edited 2:30am
Finally got myself another +5 pips.. Price reached 1.2205 and I am closing main order as well.. Collected profits during drawdown: +20 pips.. main order loss: -20 pips... Loss is equalized with break even! Now will wait on side lines for a while.. I can start my trading day from scratch..

*Some of you could ask: why did you close early? Well I just shared my daily S/R levels and there you can see that 1.2203 area is important resistance.. While under draw down we can not push for more... We must equalize first and when there is a potential wall there is no need to get greedy and to expect every wall to break.. Starting from scratch is always better for a clear mind!
Focus only on what truly matters!
  • #133,167
  • May 27, 2021 2:26am May 27, 2021 2:26am
Sold a few longs as well, the move yesterday got me scared.
Another day, another dollar.
  • #133,169
  • May 27, 2021 2:33am May 27, 2021 2:33am
Based on M15, I am marking 1.2192/96 as nearest support!
Focus only on what truly matters!
  • #133,170
  • May 27, 2021 2:34am May 27, 2021 2:34am
MondumaFx.. please read rules on page 1 of this thread.. Only EURUSD.. Thanks!
Focus only on what truly matters!
  • #133,171
  • May 27, 2021 2:43am May 27, 2021 2:43am
lol
yes I broke the rule 1 sorry
the moderator is on the lookout

Maybe I closed my eurusd too early, but I expect a flash pullback at 1.2153 (pending order there)

I'm often wrong to expect this kind of situation.
Let the market decide
  • #133,172
  • Edited 3:13am May 27, 2021 2:48am | Edited 3:13am
Quoting MondumaFx
lol yes I broke the rule 1 sorry the moderator is on the lookout Maybe I closed my eurusd too early, but I expect a flash pullback at 1.2153 (pending order there) I'm often wrong to expect this kind of situation.
No actually your reasoning is quite logical.. I am too waiting on side lines to see if 1.2203 area will resist or not.. Best wishes

*As long as price stays above 1.2181 all good for bulls (at least for today)
Focus only on what truly matters!
  • #133,173
  • May 27, 2021 2:59am May 27, 2021 2:59am
Quoting Monk
{quote} thanks for the reply and comments!! I’m really not that experienced at all. Traded for a couple years or so back on 2007 through 2009. August 2008 through early 2009 was crazy. I’m guessing some of you traded that and hope all did well. Crazy swings. Few months ago when I started demo reading again I was shocked by how little the pairs seemed to move from what I remembered. back to the stops and take profits. I’m open to any suggested reading materials or systems. Have been going through Ata thread on the effortless trading. Amazing content...
Nice bro. keep at it. I feel like you are finding your way. The best way to find consistency is through trial and error so you figure out what works what doesnt and more importantly what you are capable of doing and what you are not. Ive been down the road of getting lost in other traders techniques but many f them i always find to be too subjective so i never really know if I am taking the proper trade meaning just because they can see it doesnt mean I can so trial and error helps reveal your strengths and more importantly your weaknesses so you can properly develop your own style. Just make sure it is rooted in compelling logic because in order to have a strategy prove consistent forever, it must have compelling logic. Baacktesting and a few live trades here and there may show some success but they can show losses the next week so in order to best ensure that you remain consistent, you must have compelling logic in your strategy. hope that helps
  • #133,174
  • May 27, 2021 3:03am May 27, 2021 3:03am
Tricky setup. On the one hand a rising wedge breakout is looming, which would be substential, on the other hand the recent upmove does also look as a channel and we are between to highly significant horizontal resistances (~1.2180 and ~1.2213). Sooner or later this wedge will break to the downside for sure and yesterday it looked like it definitely would go for it right away, but who knows. Could do another round up as well.
On this statistic: https://fxssi.com/tools/current-ratio the short ratio has been reduced from 70% to 57%, meaning odds will probably shift in bears favor, if bulls cannot climb above 1.2213 again.
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Another day, another dollar.
  • #133,175
  • May 27, 2021 3:07am May 27, 2021 3:07am
Bulls are showing off so far.. nice.. I can continue to buy dips until 1.2230.. 1.2196 area looks good..
Focus only on what truly matters!
  • #133,176
  • May 27, 2021 3:09am May 27, 2021 3:09am
Quoting Ata-Turkoglu
S/R levels for the next day often give better results.. Here are my important levels: It is easy to see how important 1.2180 area is! Bulls have to re-break above 1.2203 to keep hopes! Overall I believe selling attacks towards 1.2230 area is the better option.. Once I get rid of my long order I hopefully will begin to sell BUT for now I am still in recovery mode! I hope it helps {image}
Hey Ata
Price broke 1.2203 (H1) & moving towards 1.2230
Can 1.2230 be a take profit level.....
  • #133,177
  • May 27, 2021 3:13am May 27, 2021 3:13am
my view for today
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  • #133,178
  • May 27, 2021 3:15am May 27, 2021 3:15am
Quoting Ata-Turkoglu
Bulls are showing off so far.. nice.. I can continue to buy dips until 1.2230.. 1.2196 area looks good..
I thought the same yesterday when it went from 1.2020 to 1.2040 but then it suddenly dropped like a stone. Is this move any different?
Another day, another dollar.
  • #133,179
  • May 27, 2021 3:20am May 27, 2021 3:20am
Quoting nic9man
Sold a few longs as well, the move yesterday got me scared.
Today its just a watch day for me unless buyers create a buy signal at 1.2212. Sellers pushed for a lower low today but price is now bouncing off of weekly (blue line) where people took profits from the drop yesterday. But then bulls have bought price up to the daily pivot where sellers can continue the downtrend or buyers can break above it to change back to bullish sentiment which combined with bounce of the weekly pivot an be a big up move but i cant tell currrenty until a price structure high break is formed above that 1.2212 pivot price. If a buy signal is formed i will close my shorts and go long.

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  • #133,180
  • May 27, 2021 3:24am May 27, 2021 3:24am
Good day
IMHO it looks like it's going to test 1.20800
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