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EURUSD only

  • #136,521
  • Jul 20, 2021 1:11pm Jul 20, 2021 1:11pm
Imagine the blue fence is the next stop 1.1800
Attached Image
...because you never know - until you do!
  • #136,522
  • Jul 20, 2021 1:14pm Jul 20, 2021 1:14pm
Quoting HoleyProfit
Looks like next downturn might be starting. Shorting EURUSD again at 1.1777 and stop 1.1799
What time frame are you looking at? The 1 hr has been bullish for the past 3 bars so downturn....in the afternoon...with no news.....unlikely IMHO
...because you never know - until you do!
  • #136,523
  • Jul 20, 2021 1:22pm Jul 20, 2021 1:22pm
Quoting HoleyProfit
Looks like next downturn might be starting. Shorting EURUSD again at 1.1777 and stop 1.1799
And adding to this position at 1.1782. This would be the typical retracement area if this is downtrending.
  • #136,524
  • Jul 20, 2021 1:23pm Jul 20, 2021 1:23pm
Quoting fxsport
{quote} What time frame are you looking at? The 1 hr has been bullish for the past 3 bars so downturn....in the afternoon...with no news.....unlikely IMHO
I think in the daily chart we're starting to downtrend and I am using 15 min charts for entry signals.
  • #136,525
  • Jul 20, 2021 1:27pm Jul 20, 2021 1:27pm
The 6th sense...the 6th rejection from the lower H4 trend line on EURUSD...
Inserted Video
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I am who I am
  • #136,526
  • Jul 20, 2021 1:39pm Jul 20, 2021 1:39pm
Quoting Eren10
{quote} I saw literally bull power around 1.1778, there is real fight there
I think it will be a false breakout. We should find out soon enough one way or the other.
  • #136,527
  • Jul 20, 2021 2:02pm Jul 20, 2021 2:02pm
I was able to close with a 20 pip gain today. Structure hasn't broken on the H1 chart yet so I'm weary of entering for another buy. Definitely a fight between bears and bulls...Sitting on my hands for now!
  • #136,528
  • Jul 20, 2021 2:39pm Jul 20, 2021 2:39pm
Quoting MrsStarr86
I was able to close with a 20 pip gain today. Structure hasn't broken on the H1 chart yet so I'm weary of entering for another buy. Definitely a fight between bears and bulls...Sitting on my hands for now!
keep out trading if you are not sure about your trade. Try simulator to got experience
  • #136,529
  • Jul 20, 2021 2:48pm Jul 20, 2021 2:48pm
Quoting superamigo
{quote} keep out trading if you are not sure about your trade. Try simulator to got experience

Absolutely! I only enter if my confluences are checked Thanks for the tip!
  • #136,530
  • Edited 5:32pm Jul 20, 2021 5:04pm | Edited 5:32pm
I had a short position sl around 1.1788. I thought maybe it could turn so let it open and the loss was there. But what happens, the price is around 1.1780 around 1 hour ago.

My broker decides to close this trade at a price of 1.1790 while the price is around 1.1780, even I see on the chart a spike down towards 1.17684 at that time 1 minute candle , so in mine favour.

I guess they put the spread at about 10 pips

edit: I contacted the broker service. I think they put the spread at about 20 pips at that time. Sell price went down to 1.1769 but the buy price was at 1.1790 on the graph the service employee showed to me.

I am new to trading, still I don't think that this spread is acceptable at this level of leverage. And I don't know if they have any good reason to put such large spread.
  • #136,531
  • Jul 20, 2021 5:30pm Jul 20, 2021 5:30pm
Quoting Eren10
I had a short position sl around 1.1788. I thought maybe it could turn so let it open and the loss was there. But what happens, the price is around 1.1780 around 1 hour ago. My broker decides to close this trade at a price of 1.1790 while the price is around 1.1780, even I see on the chart a spike down towards 1.17684 at that time 1 minute candle , so in mine favour. I guess they put the spread at about 10 pips
Spreads on all brokers will increase at this time of the day every day. Typically you either close trades and open them again an hour later or widen stops during that hour to prevent that happening.

10 pips on EURUSD is a lot, though. You can probably get a better broker.
  • #136,532
  • Jul 20, 2021 5:44pm Jul 20, 2021 5:44pm
Quoting HoleyProfit
{quote} Spreads on all brokers will increase at this time of the day every day. Typically you either close trades and open them again an hour later or widen stops during that hour to prevent that happening. 10 pips on EURUSD is a lot, though. You can probably get a better broker.
Hmm ok that is the strategy. I had remarked some increase of spreads at late time. But I did not expect that it could be that large. I think they put the spreads at 20 pips at that time. (on the website they show always a spread of 0.8 so it is not easy to see the spread if they change it at some time)
  • #136,533
  • Jul 20, 2021 5:47pm Jul 20, 2021 5:47pm
Quoting Eren10
{quote} Hmm ok that is the strategy. I had remarked some increase of spreads at late time. But I did not expect that it could be that large. I think they put the spreads at 20 pips at that time.
That's really high. My EURUSD spread increases in that hour but never more than 5 pips. Probably worth looking into brokerage options.
  • #136,534
  • Jul 20, 2021 5:49pm Jul 20, 2021 5:49pm
you need wait that open asian stocks exchange to the spread be low again
  • #136,535
  • Jul 21, 2021 1:05am Jul 21, 2021 1:05am
Going to 1.1740/30
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https://investizo.com/investment/view?server=1&login=2141779119
  • #136,536
  • Jul 21, 2021 1:38am Jul 21, 2021 1:38am
Quoting Wavegarrick
{quote} Hi Guys, As we are entering the 3rd quarter or 2nd half of the year. Little tell-tale signs are coming up. We had an exact bounce of the 2nd quarter open candle at 1.17800. Bears are running out of steam at this point with my cycle nearing an end, nevertheless, anything can happen. I am going to take my time on this and will start entering buy trades only when I get proper confirmation of a swing reversal. We still have until the 20th of this month and they could turn it down very quickly. I will also look at closing some of my sell trades...
Hi Guys,
So far it has been one-way traffic for bears. Interestingly we had two months up from my yearly pivot at 1.1721 and 2 months down back to my yearly pivot. I will be monitoring a break above my descending trendline (plum) for bullish signals. Importantly at this stage, a break back up above my round number 1.18000 could be a sign of bulls kicking in. Up until then I stay put with my shorts and will enjoy the ride as long as I can.
Have a great week,
Cheers.
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Trade to trade another day
  • #136,537
  • Jul 21, 2021 1:49am Jul 21, 2021 1:49am
Quoting dondealova
Going to 1.1740/30 {image}
Agreed. 1.1740 is my target as well.
  • #136,538
  • Jul 21, 2021 2:04am Jul 21, 2021 2:04am
it is risky to short at this price ; Long 1.175x-6x tp open
  • #136,539
  • Jul 21, 2021 2:24am Jul 21, 2021 2:24am
Red zones could be to enter short, 1.1750 will be hard to crack and usa close and europa close are 1.1783 and 1.1775 while daily pivot is 1.1780.
Green zone is to close short when you scalp. Daily S1 is 1.1756.

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Trends have a higher probability of continuing than not.
  • #136,540
  • Jul 21, 2021 2:32am Jul 21, 2021 2:32am
These are my S/R levels for the next 10 hours or so..

  1. Bears never lost the upper hand and still are causing new breakouts!
  2. 1.17695 is the nearest resistance and about to break!
  3. 1.1749 area is last man standing support.. If that level breaks, we can soon say goodbye to 1.17..
  4. Statistics wise, smart money is on the sell side!

I hope it helps

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Focus only on what truly matters!
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