God bless you 
Focus only on what truly matters!
- #136,561
- Jul 21, 2021 3:58am Jul 21, 2021 3:58am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
- #136,562
- Edited 4:10am Jul 21, 2021 4:00am | Edited 4:10am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
Statistics wise, smart money is on the sell side! I hope it helps
Ata I agree with your posts the maority of tmes but frankly I object to your term "smart money". Big money/bankers/commercials etc. is on the sell side.
In my opinion smart money makes money IRREGARDLESS of others that is why it is smart money.
It may seem trivial but while you feel smart money is shorting I just got over 11 pips on this latest jump from 1.1760
...because you never know - until you do!
- #136,563
- Jul 21, 2021 4:02am Jul 21, 2021 4:02am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Focus only on what truly matters!
- #136,564
- Jul 21, 2021 4:04am Jul 21, 2021 4:04am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} I have closed my shorts as perhaps 1.1750 is a nut too hard to crack by the bears. However, are you noticing the brutal selling pressure that can be observed from time to time now? It may not be enough to get over the barricade, though.
Hi mate,
Good time to get back in !
I think trading ranges and taking profits at opposite ends is the way to go quite often. And it is what has worked out the best right now, intraday. But on the long run, that has only got me so far. And as long as this longer-terms momentum is steady, I am trading "a tiny little bit" differently in case price falls into down trending mode on the Daily. Early 1700s support makes this even more interesting. If it attacks these levels and breaks them, could mean the start of a confirmation of a bear trend on the 1D. That there is a bit less likely to happen, but still worth a go or two with the help of this awesome momentum that has till now shown no end in sight yet
Bulls do still have the upper hand 1D. But 12 hour to 5min, price has pierced average supports based on all the way to 450+ candles, and for enough time to rule out that it is simply impulse to be just has swiftly countered by the bulls.
Momentum building up without letting go on many TFs, and the more it does, the closer we get to another break out. In trending circumstances, probability is it will break out south. But like you say, are the bears really there yet ? Or are we really just at the bottom of another long-term correction nearing its end. That is why it is worth for me to hold on, and at least till bulls put an abrupt end to this steady but slow downfall, and let me get on their ride !
Ok, enough rambling away my 2 cents again
. Cheers mate !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,565
- Jul 21, 2021 4:08am Jul 21, 2021 4:08am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} As a famous person once said "Don't tell me the facts." Ata I agree with your posts the maority of tmes but frankly I object to your term "smart money". Big money/bankers/commercials etc. is on the sell side. In my opinion smart money makes money IRREGARDLESS of others that is why it is smart money. It may seem trivial but while you feel smart money is shorting I just got over 11 pips on this latest jump from 1.1760
*Long story short: Based on H4 bears still have the upper hand.. H1 caused some bullish pump action.. We must wait and see if this is a pump and dump operation.. Peace
Focus only on what truly matters!
- #136,567
- Jul 21, 2021 4:35am Jul 21, 2021 4:35am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
Here we are back at 1.177ish area. We were here 24 hours ago and we are back.
This level used to be good support now it is strong resistance.
...because you never know - until you do!
- #136,568
- Edited 5:05am Jul 21, 2021 4:36am | Edited 5:05am
- Joined Mar 2020 | Status: Trader | 1,129 Posts
My broader perspective, probably just like many others', is that this is quite clearly a falling wedge that could break out to the upside now, but will likely take another round, and then up.
- #136,569
- Edited 4:49am Jul 21, 2021 4:37am | Edited 4:49am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
P.S to all you who hate and those who hate based on ignorance: I myself trade from multiple DEMO and real accounts. It is called trade copying and it is crucial to my work. Go ahead and waste your time on jumping to negative conclusions instead of the positive that could actually open doors instead of shutting some.
Thinking hard enough before hitting is also a crucial skill to have as a trader, in my humble experience. Also, hitting is seldom necessary, right ? A nudge is all it takes to click the buy/sell button but also to press the delete button before sending any baseless judgement aimed at a perfect stranger who shouldnt have to waste his/her precious time proving anything in a free community. Her/his precious time much better if is taken to share openly to their hearts desire. Better to share stupid gifs that make someone smile
, like demo trading me 
!eurusd beware the return below 1773 ! deja vuuuuu
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #136,571
- Jul 21, 2021 4:53am Jul 21, 2021 4:53am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} ok profit return 907,1% it is not a realist return. IF you are trading real account probaly you will kill your balance so fast like you got this return. The most important in trading it is the risk management.
We better continue to post ideas around EURUSD.. Thanks
Focus only on what truly matters!
- #136,572
- Jul 21, 2021 4:57am Jul 21, 2021 4:57am
- | Joined Jul 2021 | Status: Swinger Member | 184 Posts
{quote} Don't waste your time on him.. I blocked him.. We better continue to post ideas around EURUSD.. Thanks
- #136,573
- Jul 21, 2021 4:59am Jul 21, 2021 4:59am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
{quote} Sure, but at momment I have nothing to say about EURUSD.MY trade system isnt focused about EURUSD right now.
Focus only on what truly matters!
- #136,574
- Jul 21, 2021 5:05am Jul 21, 2021 5:05am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Quick and basic S/R levels for the day..
Focus only on what truly matters!
- #136,577
- Jul 21, 2021 6:36am Jul 21, 2021 6:36am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
If the bulls can 
just break this daily pivot and hold on a 1 hour I would feel sooooo much better.
...because you never know - until you do!
- #136,578
- Jul 21, 2021 6:50am Jul 21, 2021 6:50am
- Joined Mar 2020 | Status: Trader | 1,129 Posts
If the bulls can {image}just break this daily pivot and hold on a 1 hour I would feel sooooo much better.
- #136,579
- Edited 7:03am Jul 21, 2021 6:51am | Edited 7:03am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Ata, do you know of a nice & simple EUR/USD widget that works on your Galaxy, and which would refresh as frequently as I set it to? Possibly with adjustable price alarm or something (as a bonus I do not stand on firm)? Thank you.
Focus only on what truly matters!
