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  • #135,061
  • Jun 16, 2021 3:32pm Jun 16, 2021 3:32pm
Damn I missed out, (on purpose). Dropped way harder than I thought, and it’s still going. I thought it would pause at 2050 or so. Anyway, 1985 might be a good place to start buying again.
  • #135,062
  • Jun 16, 2021 3:33pm Jun 16, 2021 3:33pm
Quoting louisfx
{quote} Perfect
Thanks, Louis for thinking about me much appreciated, I will post my current update shortly,
Cheers,
Trade to trade another day
  • #135,063
  • Jun 16, 2021 3:33pm Jun 16, 2021 3:33pm
https://www.forexlive.com/technical-...ay-ma-20210616

"Traders will now want to see the 100 day moving average as resistance."==1.2040 zone

1.1980 targetting now i think
Trends have a higher probability of continuing than not.
  • #135,064
  • Jun 16, 2021 6:19pm Jun 16, 2021 6:19pm
Based on H4 and based on KiwiOz's magnetic theory, these are my personal S/R levels for tomorrow: 1.2035 area is nearest resistance.. and for now I have 1.1977 area as last man standing support..

*If 1.1977 area breaks I have one final monthly support waiting around 1.1890 area..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #135,065
  • Jun 16, 2021 8:11pm Jun 16, 2021 8:11pm
Quoting fxpipper
Damn I missed out, (on purpose). Dropped way harder than I thought, and it’s still going. I thought it would pause at 2050 or so. Anyway, 1985 might be a good place to start buying again.
I think the same. During the EU session it has the chance to recover a bit, but who knows what will happen after NY open. Jobless Claims can move it anywhere. I will wait for London before jumping in again...
  • #135,066
  • Jun 16, 2021 8:45pm Jun 16, 2021 8:45pm
unexpected things often happen in the market because the market is dynamic ...... now EURUSD is valid bearish and we can't deny it .....and this condition is not only for EURUSD but also for all USDXXX and XXXUSD pairs
The Average Discount Everything
  • #135,067
  • Jun 16, 2021 11:35pm Jun 16, 2021 11:35pm
Hello folks, happy trading to everyone! There we have it - the trend turning has most likely been accomplished, and PA even took 1.19855 in course of the Asian session. Now I don't know how to trade it, thus staying on sidelines till I get some reasonable ideas again. :-)
  • #135,068
  • Jun 17, 2021 12:19am Jun 17, 2021 12:19am
I got into bad drawdown coz my buy limit of 1.205 got activated.
Is it reasonable to expect price to come back up to 1.206? That should be around 50 fib for another perfect entry for the dip down.
*Open for advice and thoughts*
Attached Image (click to enlarge)
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Even if the morrow is barren of promises, nothing shall forestall my return
  • #135,069
  • Jun 17, 2021 12:54am Jun 17, 2021 12:54am
i still believe this will go up again, because the fed is doing nothing, just because 7 people said next year will be rise in interest rate and this will going down to 1.16xx c'mon the inflation is true just transitory for now. but i can be wrong too, so trade with proper risk money management. we are now in monthly resistant in bullish trend. what do you expect?
Attached Image (click to enlarge)
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Ride the wave with scalp.
  • #135,070
  • Edited 1:32am Jun 17, 2021 1:21am | Edited 1:32am
Quoting eldarreiny
I got into bad drawdown coz my buy limit of 1.205 got activated. Is it reasonable to expect price to come back up to 1.206? That should be around 50 fib for another perfect entry for the dip down. *Open for advice and thoughts* {image}
Open a sell with same lotsize and then do sells only till you have gained the amount in the hedge.
The buy and one sell without tp and sl.

Advantage of this way of doing is that your available margin becomes equal to your balance again.
(with a lot of brokers, some are that criminal that even with hedge they ask more margin).
Trends have a higher probability of continuing than not.
  • #135,071
  • Jun 17, 2021 1:30am Jun 17, 2021 1:30am
Quoting eurusd-thijs
{quote} Open a sell with same lotsize and then do sells only till you have gained the amount in the hedge. The buy and one sell without tp and sl.
Sure, sounds like a good plan. Only if he can afford it in terms lot size vs account balance, of course.
Other than that, I am starting to suspect we can see 1.190x today if this mighty selling pressure prevails.
  • #135,072
  • Jun 17, 2021 1:35am Jun 17, 2021 1:35am
Quoting yvestrcz
{quote} Sure, sounds like a good plan. Only if he can afford it in terms lot size vs account balance, of course. Other than that, I am starting to suspect we can see 1.190x today if this mighty selling pressure prevails.
"Only if he can afford it in terms lot size vs account balance, of course."
with the hedge with most brokers his available margin will be as before the wrong buy !
Trends have a higher probability of continuing than not.
  • #135,073
  • Jun 17, 2021 2:09am Jun 17, 2021 2:09am
Quoting eurusd-thijs
{quote} "Only if he can afford it in terms lot size vs account balance, of course." with the hedge with most brokers his available margin will be as before the wrong buy !
Sure, of course, margin for the same lot size is okay, but how did you mean "and then do sells only".
The consequent "sells only" while having the wrong buy trade hedged by the same lot size sell order will require additional margin.
Or perhaps I don't get your idea.
  • #135,074
  • Jun 17, 2021 2:10am Jun 17, 2021 2:10am
Anyway, yes, odds are we are heading South. We have just lost Ata's last man standing, I guess.
  • #135,075
  • Jun 17, 2021 2:14am Jun 17, 2021 2:14am
Quoting eldarreiny
I got into bad drawdown coz my buy limit of 1.205 got activated. Is it reasonable to expect price to come back up to 1.206? That should be around 50 fib for another perfect entry for the dip down. *Open for advice and thoughts* {image}
Close it. Don't think twice.
  • #135,076
  • Jun 17, 2021 2:30am Jun 17, 2021 2:30am
that's why you follow the trend, but you guys here seem to want to defend the euro, even though all of that is just a lie ...... the proof is that you buy the bearish trend and then if the price is going sideways you're crazy buying ...... then market trap you
The Average Discount Everything
  • #135,077
  • Jun 17, 2021 2:31am Jun 17, 2021 2:31am
Quoting yvestrcz
{quote} Sure, of course, margin for the same lot size is okay, but how did you mean "and then do sells only". The consequent "sells only" while having the wrong buy trade hedged by the same lot size sell order will require additional margin. Or perhaps I don't get your idea.
You dont, try it in demo.
When i posted price was 1.1985 = a hedge of 65 pips.
Then open second sell.
Price now 1.1945 = 40 pips win
netto loss reduced to 25 pips from 65.
Trends have a higher probability of continuing than not.
  • #135,078
  • Jun 17, 2021 2:37am Jun 17, 2021 2:37am
Quoting eurusd-thijs
{quote} Open a sell with same lotsize and then do sells only till you have gained the amount in the hedge. The buy and one sell without tp and sl. Advantage of this way of doing is that your available margin becomes equal to your balance again. (with a lot of brokers, some are that criminal that even with hedge they ask more margin).
I actually did this butended up closing it coz I was it break below the support.
took a bigger lot entry than the total of the previous so currently halved my losses (if i close my trade)

Thank you for the advice
Even if the morrow is barren of promises, nothing shall forestall my return
  • #135,079
  • Jun 17, 2021 2:38am Jun 17, 2021 2:38am
Quoting Traderview
{quote} Close it. Don't think twice.
, I did. the loss was significant but I think it was for the best than holding on to a losing trade.

Thank you Traderview
Even if the morrow is barren of promises, nothing shall forestall my return
  • #135,080
  • Jun 17, 2021 2:40am Jun 17, 2021 2:40am
On my 15 min chart, 1.194/1.1945 is my falling support line Which I’ll post tomorrow. Honestly, I’ve got no idea what’s happening since this move was HUGE, but I’m long here and goin to bed

Last 14 hours of trading has absolutely blown my mind and despite all odds, this would technically be my final turning point if were still in an up trend, definitely not shorting it here so here goes
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