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EURUSD

  • #1,196,081
  • Jun 17, 2021 3:47pm Jun 17, 2021 3:47pm
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The trend is down.... I go long for a fast trade here at 1.19 10 . For few hours imho

  • #1,196,082
  • Jun 17, 2021 3:49pm Jun 17, 2021 3:49pm
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Hourly.....

  • #1,196,083
  • Jun 17, 2021 3:57pm Jun 17, 2021 3:57pm
The numerical TP was hit at 1.1987. (box)
The bear trap low is at 1.1872
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MY GRID. Markets are NOT random.
  • #1,196,084
  • Jun 17, 2021 5:32pm Jun 17, 2021 5:32pm
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SL very close.......

  • #1,196,085
  • Jun 17, 2021 6:04pm Jun 17, 2021 6:04pm
Quoting here2there
{quote} I'm tired of day trading. I'm going to work on developing a Weekly chart strategy. If you can be satisfied with 200 to 300 pips a month, and you can handle drawdown, trading the Weekly chart seems to be the ticket. Everything is so clear on the Weekly! Trading the Weekly chart would mean less trades, but I think the results will prove to be better. So I will look for direction on the Weekly, and for entries on the Daily.
Good luck,

But being in high draw down when price keeps running away from you sucks more and destroys your confidence.
I have tried both scalping and long term trading and I much prefer scalping for a simple reason.

No preparation, no guess work. Just go with the flow for short pips and your’e out.
Get ten 5 pip winners and you are done for the day.
No red news or unexpected world events can touch your setups.


Cheers
Trading thin liquidity at the boundary of the charts
  • #1,196,086
  • Jun 17, 2021 6:14pm Jun 17, 2021 6:14pm
Quoting RickM
{quote} Good luck, But being in high draw down when price keeps running away from you sucks more and destroys your confidence. I have tried both scalping and long term trading and I much prefer scalping for a simple reason. No preparation, no guess work. Just go with the flow for short pips and your’e out. Get ten 5 pip winners and you are done for the day. No red news or unexpected world events can touch your setups. Cheers
I can handle the drawdown a lot easier than I can handle the stress of scalp trading. LOL

But thanks for the advice and best wishes.

Good luck to you also.
Learn from your mistakes and march on.
  • #1,196,087
  • Jun 17, 2021 6:29pm Jun 17, 2021 6:29pm
So far so good, fundamentals macro are right.
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  • #1,196,088
  • Jun 17, 2021 6:51pm Jun 17, 2021 6:51pm
EURUSD drop drastically only in two days market, the news seems giving big impact on the currency, beside EURUSD also EURJPY has dropped drastically

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  • #1,196,089
  • Jun 17, 2021 7:03pm Jun 17, 2021 7:03pm
Quoting Fxoday
EURUSD drop drastically only in two days market, the news seems giving big impact on the currency, beside EURUSD also EURJPY has dropped drastically {image}
Yep.
Learn from your mistakes and march on.
  • #1,196,090
  • Jun 17, 2021 7:11pm Jun 17, 2021 7:11pm
Will we get more Bitcoin volatility vibes on EURUSD or will we at least get a merciful retracement before going deeper? Maybe the big boys will say, "To hell with a retracement! Let's take it straight down to 1.17!"

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Learn from your mistakes and march on.
  • #1,196,091
  • Jun 17, 2021 11:16pm Jun 17, 2021 11:16pm
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Lifted SL to BE now.....I don't think it will move much further up . . . Ready to abandon pos. soon . . . .

  • #1,196,092
  • Jun 18, 2021 12:22am Jun 18, 2021 12:22am
EU has broke many support levels and runned several pips in two days (271 pips). Strong support is at 1850 and resistance is at 1950.

Daily with 100 & 200 sma

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Looking for profitable short term trades ...|
  • #1,196,093
  • Jun 18, 2021 12:32am Jun 18, 2021 12:32am
Quoting Js3mwtRc
EU has broke many support levels and runned several pips in two days (271 pips). Strong support is at 1850 and resistance is at 1950. Daily with 100 & 200 sma {image}
even after 15 years in forex and 15 years on forexfactory !!! i have much to learn
  • #1,196,094
  • Jun 18, 2021 12:35am Jun 18, 2021 12:35am
Quoting Js3mwtRc
EU has broke many support levels and runned several pips in two days (271 pips). Strong support is at 1850 and resistance is at 1950. Daily with 100 & 200 sma {image}
profit booking may start sometime today
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  • #1,196,095
  • Jun 18, 2021 12:41am Jun 18, 2021 12:41am
also tracking real money spinners
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  • #1,196,096
  • Jun 18, 2021 1:08am Jun 18, 2021 1:08am
Quoting PatienceFx
{quote} even after 15 years in forex and 15 years on forexfactory !!! i have much to learn
I am still learning
Looking for profitable short term trades ...|
  • #1,196,097
  • Jun 18, 2021 1:23am Jun 18, 2021 1:23am
Quoting Js3mwtRc
{quote} I am still learning
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  • #1,196,098
  • Jun 18, 2021 1:26am Jun 18, 2021 1:26am
Quoting Js3mwtRc
EU has broke many support levels and runned several pips in two days (271 pips). Strong support is at 1850 and resistance is at 1950. Daily with 100 & 200 sma {image}
so your 1850 level is best to start looking for buy orders
  • #1,196,099
  • Jun 18, 2021 1:35am Jun 18, 2021 1:35am
Quoting PatienceFx
{quote} so your 1850 level is best to start looking for buy orders
Agree, but it looks like it is going to reverse soon from here 1900 and head to resistance 1950.

Here is a snapshot. Above 1850 looking for buys, 1887 is a good place too.

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Looking for profitable short term trades ...|
  • #1,196,100
  • Jun 18, 2021 2:00am Jun 18, 2021 2:00am
Quoting Js3mwtRc
{quote} Agree, but it looks like it is going to reverse soon from here 1900 and head to resistance 1950. Here is a snapshot. Above 1850 looking for buys, 1887 is a good place too. {image}
price has already KILLED the weekly pivots
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