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- #136,442
- Jul 19, 2021 9:03am Jul 19, 2021 9:03am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,445
- Jul 19, 2021 9:41am Jul 19, 2021 9:41am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Though tempting, I cannot consider buying anymore after this rejection. Don't get me wrong, It can go all the way to Kingdom Come ! But I am just one (very very imperfect 
) trader and only have 2 eyes and am dependent on my own developed system of strategies...
Bulls have another chance today at breaking resistance though, sure... as long as it doesnt go back too long below .1800 (my 15m below shares a bit of my view). Momentum on the 1min is building nicely. But times running out !
From here, I can only consider longs only if price hangs beyond 1810s resistance for at least a couple of hours. So not today for me ! But I see the potential, bulls are building something if stays above 1797 definitely ! So I really hope bulls get their fair share and that this was not a one impulse bulls trap !
For scalps shorts, just got a new setup, sold at 18056. 1.1797 is the big one to break, after that I would be selling again 1.17944, grabbing some profits at 1787, then moving some at BE if it hits 1776. My .18144 short shared earlier it is staying with no SL for reasons I have shared here :
) trader and only have 2 eyes and am dependent on my own developed system of strategies...Bulls have another chance today at breaking resistance though, sure... as long as it doesnt go back too long below .1800 (my 15m below shares a bit of my view). Momentum on the 1min is building nicely. But times running out !
From here, I can only consider longs only if price hangs beyond 1810s resistance for at least a couple of hours. So not today for me ! But I see the potential, bulls are building something if stays above 1797 definitely ! So I really hope bulls get their fair share and that this was not a one impulse bulls trap !
For scalps shorts, just got a new setup, sold at 18056. 1.1797 is the big one to break, after that I would be selling again 1.17944, grabbing some profits at 1787, then moving some at BE if it hits 1776. My .18144 short shared earlier it is staying with no SL for reasons I have shared here :
{quote} Have a bit of extra time for more sharingMy last short at .18144 was based on a 1min double-top countertrend scalp, that merged into a 15 min growing volatility war coming from established resistance(did grab a partial 8 pips from it), and now merging possibly into 4H momentum trade... will know for sure in a couple of hours. So now SL for my remaining volume has been taken off. Probably will have an update only tomorrow. TP is open for longer-term, minimum .1730s Cheers all, happy trading and stay taco cool! Bye again, again...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,446
- Jul 19, 2021 9:54am Jul 19, 2021 9:54am
- Joined Mar 2020 | Status: Trader | 1,129 Posts
Though tempting, I cannot consider buying anymore after this rejection. Don't get me wrong, It can go all the way to Kingdom Come ! But I am just one (very very imperfect
- #136,447
- Jul 19, 2021 10:03am Jul 19, 2021 10:03am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Hi, guys. I am new to the forum but have been trading for a while. This is starting to look like there might be a bearish break on the daily chart. if that breaks I think this can enter into a downtrend to 1.13's. I'm short from around 1.1817, stops 1.1836.
Welcome mate ! 1.13 is a long way from home ! Lot of things can happen before that... 1600s-2100s is multi-year important levels... Would be nice though ! I for one am anxious to see what happens if we get below 1700. I could never think multiple moves ahead with trading, not like I do with chess or my daily errands
Cheers mate and wish you a warm welcome!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,448
- Jul 19, 2021 10:14am Jul 19, 2021 10:14am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Bulls turning out very, very weak now. Houston, we are dropping...
Yeah... if it wasnt for 1810s resistance, I would be mainly buying with stops around 1775.Bulls can still make it in my book though, especially if 15m closes above .1800, where I would have to close my 18014!
And they can still build up enough momentum to test resistance again today, as long as they close above 1790, at least in my crazy
book!Then again, anything is possible ! My 17944 sell stop not getting hit here by soo close is a bad timing sign for me !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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- #136,451
- Jul 19, 2021 10:35am Jul 19, 2021 10:35am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Thanks for the welcome. For it to break the local daily lows can be tough, but I think if we do get under that we might move into a pretty smooth zig-zag down. Which would be good for trading. The USD seems to be getting strong. USDCAD today is flying.
Unfortunately EURUSD is no longer in the occasional "400 pips drop after one daily low break" business. But I share your optimism !
I see you have been trading a while like me. Sometimes I miss those 100+ pips a day!
P.S Dont want to do Ata s work, so here is a heads up! This is what he does to whoever mentions any other pair than eurusd! Be warned
!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
{quote} Unfortunately EURUSD is no longer in the occasional "400 pips drop after one daily low break" business. But I share your optimism ! I see you have been trading a while like me. Sometimes I miss those 100+ pips a day! P.S Dont want to do Ata s work, so here is a heads up! This is what he does to whoever mentions any other pair than eurusd! Be warned
Thanks for the warning. I have a feeling we might start to see broad markets starting to get more volatile and it will not be too long before the FX market is fast and furious again. I think EURUSD might have made a year long correction to the last big trend down through 2020. If it has and it's putting a double top in here and ready to break, might be back into the trending conditions. For a while.
- #136,453
- Jul 19, 2021 10:58am Jul 19, 2021 10:58am
- Joined May 2014 | Status: Full Time Trader | 27,149 Posts | Online Now
{quote} Thanks for the warning. I have a feeling we might start to see broad markets starting to get more volatile and it will not be too long before the FX market is fast and furious again. I think EURUSD might have made a year long correction to the last big trend down through 2020. If it has and it's putting a double top in here and ready to break, might be back into the trending conditions. For a while.
Focus only on what truly matters!
- #136,455
- Jul 19, 2021 11:11am Jul 19, 2021 11:11am
- Joined May 2014 | Status: Full Time Trader | 27,149 Posts | Online Now
Daily S/R Levels for Tuesday
- 1.1812 is still resisting..
- 1.1765 is last man standing level..
- Overall bears still have the upper hand BUT if bulls can keep H1 candles above 1.1802 there is a chance.. Time will tell..
I hope it helps
Focus only on what truly matters!
- #136,460
- Jul 19, 2021 11:41am Jul 19, 2021 11:41am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote}... Bulls can still make it in my book though, especially if 15m closes above .1800, where I would have to close my 18014! And they can still build up enough momentum to test resistance again today, as long as they close above 1790, at least in my crazy
Keeping my shorts open even though it got a close above 1800, since new setup confirmed at 1800 exactly, top of new range scalp... so we are probably entering ranging conditions, and this could be the tops...
Bull are still building momentum as long as above 1790 though, but with every second, that level raises... and they need to keep up, now needing close above 1804 soon!
We will see very soon who is running the show
If I don't mention SL and/or TP = longer-term setup possibly in the works!