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  • #136,841
  • Jul 27, 2021 5:02am Jul 27, 2021 5:02am
Good day all! just popping in quickly as I have appointments.

Taking new shorts setups since 1809 has worked very well, and gave most of my yesterday scaled down positions much better entries (most +20pips better).

Now is my last short of the day from the first pullback of this move, SELL STOP at 17812. I have got some scaling down a bit only if price gets back to 1794.

Volatility has been very generous to bears today. Lets see how momentum can be added to volatility growth on the 15m! Let's bring this long-term movement to the intraday arena, properly, like in June

context...

Quoting mtako
...Today I have had scaled down some of my shorts as planned from 1780s, but bulls are not done, probably! But am still now starting to get good enough setups again for gradual re-entries, starting now if price returns below 1809 before reaching new high. {quote} I have shared setups formed through 2H to 1D charts. More precisely, intraday entries taken over by and adjusted to longer-term setups, which does not happen often.. I have 2 that have lost strength. My 2H is a shorter-term pullback in longer-term (3x) trend (6H), and SL is mainly...

Cheers all and trade safe and smiling !!

PS New setup on the 1D if we break yesterdays low today ! That would give me some breathing room to secure some gains at last also !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #136,842
  • Jul 27, 2021 5:06am Jul 27, 2021 5:06am
So far 1.1776 is supporting nicely (helping for the inverted shoulders to build on M15) BUT day is long.. Not enough to come to any conclusions.. We keep trading carefully!
Focus only on what truly matters!
  • #136,843
  • Jul 27, 2021 5:12am Jul 27, 2021 5:12am
Quoting RickM
{quote} The big players put a order block at 1.17835 on two ocassions. It was just a single continuous rolling order absorpting any long orders that came close. They wanted it bearish and I sold as well. It wasn't hidden and very visible on the books. I will keep a eye out to see what happens soon as its looking to move up at present. At present there is no real effort to do anything but the retail traders are Buying.
A very interesting and inspirational post, Rick. Thank you for an unusual insight! Much appreciated indeed.
  • #136,844
  • Jul 27, 2021 5:26am Jul 27, 2021 5:26am
Price arrived at mentioned levels, and it is time again to look for sale opportunities..
Focus only on what truly matters!
  • #136,845
  • Jul 27, 2021 5:57am Jul 27, 2021 5:57am
Quoting Endoephemera
{quote} OK they blocked it at 1.17835 preventing it from going up. Doesn't mean they'll maintain the block. It could be that they needed to build longs below that level and once done they'll break it. As for retails buying, the retail positions are nowhere near the extremes that trigger a counter move to drive them into loss. So not a factor presently. Right now testing again 1.17835 Do you have any reason for seeing 1.17835 as significant other than the block you saw on the book (futures, I presume)?
Hi Endoephemera

They didn't on that recent visit to 1.17835 - they did nothing so they didn't absorb the Buyers orders. The order was missing on this recent visit.
But as we speak, they have left a block on at 1.7889 and price is acculating just below the block as I write..

This was the first attempt tonight to keep price down and it when on the books 3.5 hours ago. There seems to be only one big player running the game here but thats just my opinion. Notice that big M1 candle at 1.17885 that hit the block and reverse.

edit 10 min later - this has been cleaned out my retail buyers, there is clear buying strength but only at moderate levels.


I am Buying at present because as thats where the pressure is going. The block can mean anything but looking at the data, they are Selling to the retail traders with purpose now..

Yes EU6U21
Cheers
Trading thin liquidity at the boundary of the charts
  • #136,846
  • Edited 7:04am Jul 27, 2021 6:36am | Edited 7:04am
Short here at 1.1792

EDIT:

That's what I get for being too early. Out with a loss at 1.1803.
Attached Image
...because you never know - until you do!
  • #136,847
  • Edited 7:03am Jul 27, 2021 6:48am | Edited 7:03am
sell 1.1805 sl 1.1825 tp 1.1755
or no sl at all as this goes down anyway

the usd index as often back to usa close

Attached Image (click to enlarge)
Click to Enlarge Name: 55445f067933bb9ee65f59f8bd827941.png Size: 42 KB

and eurusd 1.1805 same story
Trends have a higher probability of continuing than not.
  • #136,848
  • Jul 27, 2021 6:48am Jul 27, 2021 6:48am
Test Drive to the future.
  • #136,849
  • Jul 27, 2021 7:09am Jul 27, 2021 7:09am
big bazooka confirmed..first step 1.2 second step 1,25 and 1,27 for the end of the year
  • #136,850
  • Jul 27, 2021 7:14am Jul 27, 2021 7:14am
Quoting Ata-Turkoglu
1.1802/09 area could actually provide the best sell opportunities for today.. I am not sure that spikes will reach this level though.. but it would be nice if they do..
Ata, are you shorting .1810?
  • #136,851
  • Jul 27, 2021 7:22am Jul 27, 2021 7:22am
all above 1.1850 is to short
Trends have a higher probability of continuing than not.
  • #136,852
  • Jul 27, 2021 7:24am Jul 27, 2021 7:24am
Quoting Pippuz
{image} eur usd ready for big bazooka long. stop 1.1755 if price re gain 1.18 ----1.195 1.2 next days
this is a very important low for the next months of the year..target is above 1.26
  • #136,853
  • Jul 27, 2021 7:26am Jul 27, 2021 7:26am
Attached Image
test 92.52 usd index without new
Trends have a higher probability of continuing than not.
  • #136,854
  • Jul 27, 2021 7:29am Jul 27, 2021 7:29am
Quoting yvestrcz
{quote} Ata, are you shorting .1810?
I am waiting for tiny signs of bear power.. No rush!
Focus only on what truly matters!
  • #136,855
  • Jul 27, 2021 7:31am Jul 27, 2021 7:31am
I'd not say it will be bearish movement right now.
So I'm waiting for strong bull.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_STPH4.png Size: 30 KB
  • #136,856
  • Jul 27, 2021 7:37am Jul 27, 2021 7:37am
This looks like the classic pump before the dump..
Focus only on what truly matters!
  • #136,857
  • Jul 27, 2021 7:43am Jul 27, 2021 7:43am
Quoting Wavegarrick
{quote} Hi Guys, A shot in the dark. Could we have a daily close above 1.18000 for bulls to kick in???. Trade safe, Cheers. {image}
My buy trade from yesterday was taken out for a few pips profit. Got in on another buy trade.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1243.png Size: 80 KB
Trade to trade another day
  • #136,858
  • Jul 27, 2021 7:49am Jul 27, 2021 7:49am
Re-sharing projected levels for new month..

It shows why a candle close below 1.1800 is so important BUT it also shows why a candle close above 1.1831 is also important..
Attached Image (click to enlarge)
Click to Enlarge Name: Monthly.png Size: 17 KB
Focus only on what truly matters!
  • #136,859
  • Jul 27, 2021 7:53am Jul 27, 2021 7:53am
The durable goods look not that good but the revisions are good for the usd.

Attached Image

from :

https://www.forexlive.com/news/!/us-...ected-20210727
Trends have a higher probability of continuing than not.
  • #136,860
  • Jul 27, 2021 8:00am Jul 27, 2021 8:00am
I have just shorted 1.1819.... The rest is up to God
Mental stops at least 26 pips or higher.. TP: Open..
Focus only on what truly matters!
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