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EURUSD only

  • #135,041
  • Jun 16, 2021 2:11pm Jun 16, 2021 2:11pm
The $index should also return to the midline of the fork in the next H4
Attached Image (click to enlarge)
Click to Enlarge Name: $INDEXH4 16-06-2021.png Size: 86 KB
  • #135,042
  • Jun 16, 2021 2:16pm Jun 16, 2021 2:16pm
Whooooh... Truly crazy minutes.. I faced a -58 pips loss and went short to get some back.. Could catch a +26 pips drop.. -58+26=-32 pips is the bill for my pre-fomc expectation.. Nice slap to be honest.. Now I am on side lines.. Calling it a day folks.. It is better to continue tomorrow after going back to the drawing board.. Trade safe
Focus only on what truly matters!
  • #135,043
  • Jun 16, 2021 2:18pm Jun 16, 2021 2:18pm
Quoting Ata-Turkoglu
Whooooh... Truly crazy minutes.. I faced a -58 pips loss and went short to get some back.. Could catch a +26 pips drop.. -58+26=-32 pips is the bill for my pre-fomc expectation.. Nice slap to be honest.. Now I am on side lines.. Calling it a day folks.. It is better to continue tomorrow after going back to the drawing board.. Trade safe
Curious, what made you short/where did you short when you did because there was no real pullback? I'm guessing you had your 2nd order long which was manually closed before going short because I don't think you would close your long trade with 1 long entry only, nice recovery though
  • #135,044
  • Jun 16, 2021 2:21pm Jun 16, 2021 2:21pm
Quoting Kyuu
{quote} Here it comes.. the moment of truth, will 1.2-1.2010 be one of the greatest reversal point of all time or am I just hella wrong? (1 min chart) {image}
Love your enthusiasm, but I hate to break it to you.
Don't fight the market. The major move of the day has already been made.
Take a break and reassess.
Come back tomorrow.
  • #135,045
  • Jun 16, 2021 2:25pm Jun 16, 2021 2:25pm
Quoting pkimnyc
{quote} Love your enthusiasm, but I hate to break it to you. Don't fight the market. The major move of the day has already been made. Take a break and reassess. Come back tomorrow.
I'm just speculating All significant moves have reason
  • #135,046
  • Jun 16, 2021 2:28pm Jun 16, 2021 2:28pm
Quoting Kyuu
{quote} I'm just speculating All significant moves have reason
Great!
So, think about the reason why the reverse.
Best wishes.
  • #135,047
  • Edited 2:52pm Jun 16, 2021 2:40pm | Edited 2:52pm
Quoting Kyuu
{quote} Curious, what made you short/where did you short when you did because there was no real pullback? I'm guessing you had your 2nd order long which was manually closed before going short because I don't think you would close your long trade with 1 long entry only, nice recovery though
My normal loss would be 35 pips but because I waited a little to see some bullish signs my draw down exceeded my last resort support at 1.2101.. Once below that level I can not open 2nd order because I have no Support level to rely on.. (remember: I always preach to rely on some big support with the 2nd order method) So I had to close main order with a bigger loss than planned with -58 pips..

Based on M15 I could only short after close of pinbar (spinning top) at 1.2046.. See chart!
Attached Image (click to enlarge)
Click to Enlarge Name: M15_Status.png Size: 35 KB
Focus only on what truly matters!
  • #135,048
  • Edited 3:01pm Jun 16, 2021 2:41pm | Edited 3:01pm
Big boys will have been on the wrong foot also so retrace will come to sell, dont buy.
Attached Image (click to enlarge)
Click to Enlarge Name: f254b434edce8b2ddbd1c3498234b62e.png Size: 24 KB
1 minute graph with sell zones
Trends have a higher probability of continuing than not.
  • #135,049
  • Jun 16, 2021 2:41pm Jun 16, 2021 2:41pm
Quoting Ata-Turkoglu
Whooooh... Truly crazy minutes.. I faced a -58 pips loss and went short to get some back.. Could catch a +26 pips drop.. -58+26=-32 pips is the bill for my pre-fomc expectation.. Nice slap to be honest.. Now I am on side lines.. Calling it a day folks.. It is better to continue tomorrow after going back to the drawing board.. Trade safe
Also took a sucker punch to the face
  • #135,050
  • Jun 16, 2021 2:42pm Jun 16, 2021 2:42pm
Quoting louisfx
Honestly speaking was wondering why some should go long on EURO/USD. Last week weekly chart showed an engulfing candel against the previous weekly candel which shows that the possibilty of price going below last week low was 80%. On a long term,why should I go Long no way. Check weekly chart, there is bearish divergent with its leg at 1.13000. So I will keep looking for a good level for a short entry with a target of 1.13000 long term.
Remember this,Good news
Make it Green
  • #135,051
  • Jun 16, 2021 2:44pm Jun 16, 2021 2:44pm
Quoting SnaveForex
{quote} Also took a sucker punch to the face
typically 2054 should have held the bear tight. Day end soon and the close is very crucial. Just my 2 cents
  • #135,052
  • Jun 16, 2021 2:46pm Jun 16, 2021 2:46pm
Quoting louisfx
Honestly speaking was wondering why some should go long on EURO/USD. Last week weekly chart showed an engulfing candel against the previous weekly candel which shows that the possibilty of price going below last week low was 80%. On a long term,why should I go Long no way. Check weekly chart, there is bearish divergent with its leg at 1.13000. So I will keep looking for a good level for a short entry with a target of 1.13000 long term.
Nice to see that somebody's been paying attention.
  • #135,053
  • Jun 16, 2021 2:49pm Jun 16, 2021 2:49pm
Quoting Ata-Turkoglu
{quote} My normal loss would be 35 pips but because I waited a little to see some bullish signs my draw down exceeded my last resort support at 1.2101.. Once below that level I can not open 2nd order because I have no Support level to rely on.. (remember: I always preach to rely on some big support with the 2nd order method) So I had to close main order with a bigger loss than planned with -58 pips.. Based on M15 I could only short after close of pinbar (spinning top) at 1.2046..
Thanks for the explanation, makes sense
  • #135,054
  • Jun 16, 2021 2:53pm Jun 16, 2021 2:53pm
gap tf h1 make me confuse ..........
The Average Discount Everything
  • #135,055
  • Jun 16, 2021 2:55pm Jun 16, 2021 2:55pm
small long @ 2010 sl 1995
--post hoc ergo propter hoc--
  • #135,056
  • Jun 16, 2021 2:55pm Jun 16, 2021 2:55pm
Quoting louisfx
{quote} While will you buy bro,check previous daily candle and todays candle it will help.We are going down down down. look for level to short.
I'm posting my thoughts and opinions, you should post your reasons for selling rather than telling others what to do. It's a forum with open discussion, regardless with what anyone here tells me, I am long now because that's my strategy. However, I'm interested to look at other biases and illustrations which may either change the way I view the market or not, that's why this forum exists
  • #135,057
  • Jun 16, 2021 2:55pm Jun 16, 2021 2:55pm
Quoting Wavegarrick
{quote} Lining up for more sell trades, Cheers {image}
Perfect
Make it Green
  • #135,058
  • Jun 16, 2021 2:58pm Jun 16, 2021 2:58pm
Quoting Kyuu
{quote} I'm posting my thoughts and opinions, you should post your reasons for selling rather than telling others what to do. It's a forum with open discussion, regardless with what anyone here tells me, I am long now because that's my strategy. However, I'm interested to look at other biases and illustrations which may either change the way I view the market or not, that's why this forum exists
i dnt understand, was only asking while buying. well sorry i thought i was helping. thank you.
Make it Green
  • #135,059
  • Jun 16, 2021 3:15pm Jun 16, 2021 3:15pm
Quoting louisfx
{quote} i dnt understand, was only asking while buying. well sorry i thought i was helping. thank you.
I am buying because of the images I posted, I think you mean why I'm buying. I am not mad, I am just saying what I believe that's all
  • #135,060
  • Jun 16, 2021 3:16pm Jun 16, 2021 3:16pm
Quoting Kyuu
{quote} I am buying because of the images I posted, I think you mean why I'm buying. I am not mad, I am just saying what I believe that's all
Is ok boss.
Make it Green
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