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  • #137,001
  • Jul 28, 2021 2:00pm Jul 28, 2021 2:00pm
Quoting Ata-Turkoglu
{quote} You earned yourself the "best buy of the day" medal.. Kudos brother
Well you definitely earned the best short take profit of the day too at the exact same level
  • #137,002
  • Jul 28, 2021 2:06pm Jul 28, 2021 2:06pm
Just curious... do we have any casualties? Anybody ended up in the ER during the process??? I really hope that none of our members got axed today..
Focus only on what truly matters!
  • #137,003
  • Jul 28, 2021 2:10pm Jul 28, 2021 2:10pm
Quoting Ata-Turkoglu
Just curious... do we have any casualties? Anybody ended up in the ER during the process??? I really hope that none of our members got axed today..
Luckily no, although my hands are numb from all the sitting on them. Managed a few quick in-n-outs and up for the day, that'll do me.
A wise man changes his mind, a fool never will
  • #137,004
  • Jul 28, 2021 2:21pm Jul 28, 2021 2:21pm
Meanwhile on H1...

I am on side lines for now.. but bulls have the upper hand for sure!

1.1814 is nearest buy area for now! No rush!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #137,005
  • Jul 28, 2021 2:28pm Jul 28, 2021 2:28pm
Quoting Ata-Turkoglu
Just curious... do we have any casualties? Anybody ended up in the ER during the process??? I really hope that none of our members got axed today..
I made quite good profit recently not only today. Thanks everybody in the group. I am happy to be here.
  • #137,006
  • Jul 28, 2021 2:28pm Jul 28, 2021 2:28pm
Now we must think: Only 2 days left until monthly candle closes!

  1. Best scenario for bulls is to keep price above 1.1831 before monthly candle close..
  2. "Meh!" scenario for bulls is to keep it at least above 1.1800 to keep hopes!
  3. Best scenario for bears: Inside these two days price drops back below 1.1795!

I think one of the first two will play out.. Let's see..

Focus only on what truly matters!
  • #137,007
  • Jul 28, 2021 2:30pm Jul 28, 2021 2:30pm
I just finished listening to Powell talk about the FED's decision.

This was the 1st time that I heard someone CLEARLY explain the difference between transitory and persistent inflation.

My read on this was:

Fed will agree to talk at September in Jackson Wyoming

Fed will agree to talk about taping at the October meeting

Earliest Fed would consider hiking is January 2022.

My bottom line on this is : RISK ON!
...because you never know - until you do!
  • #137,008
  • Jul 28, 2021 2:32pm Jul 28, 2021 2:32pm
Quoting Ata-Turkoglu
Just curious... do we have any casualties? Anybody ended up in the ER during the process??? I really hope that none of our members got axed today..
This was me earlier but so far so good.
Attached Image
...because you never know - until you do!
  • #137,009
  • Jul 28, 2021 2:35pm Jul 28, 2021 2:35pm
I can already share important DAILY s/r levels for tomorrow: 1.1846 is key resistance and that's exactly where we are right now! I would say: be careful bulls.. no need for greed!
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #137,010
  • Jul 28, 2021 2:36pm Jul 28, 2021 2:36pm
The only obstacle i see sits at 1.1870-1.18800. lets see how price reacts there
Risk comes from not knowing what to do
  • #137,011
  • Jul 28, 2021 2:49pm Jul 28, 2021 2:49pm
Quoting Kyuu
{quote} Here's why I am scared of shorting: Image 1: the 4H built support here. Image 2: the Daily is bouncing off the support that broke The 15 min chart also built my own long pattern. I missed the opportunity to short at 1.18386 and long at 1.1784. Depending on where price goes from here will finally solidify my long term bias. {image} {image}
My updated 4H view (Image 1):

I bought at 1.1775 because 1.1785 was where the "support line" was (arrow 1), and 10 pips is usually the size of a stop hunt and it happened to be a support line I drew from price before it made its first bullish move (arrow 2). Luckily I got in at the perfect time and I was right.

We broke both of the resistances I have drawn and hopefully we close above them. Todays price action has made my long term bias bullish for a very long time.

Previous FOMC we crashed from 1.21 to now, let's see if this FOMC will create the new up trend to go back above those prices. We definitely had enough of a "accumulation" period (highlighted) for smart money to enter at a reasonable position (arrow 3)

~

Image 2 Daily: I believe that we just had an accumulation period for longs. This is a common pattern.

~

Image 3 Monthly: I was originally thinking there is a good chance we may drop as low as 1.15, but it's just too big of a move for price to go back up in my opinion. I think "Market Makers" can only do so much to fake price movement before the real move occurs and that black horizontal line I have drawn is key for bulls.

~

Because I believe that:

1.) Monthly wants to go up
2.) The last FOMC had a HUGE drop
3.) Daily PA seemingly "accumulating" below the support

My long term bias is officially bullish to 1.25-1.35. I will be taking trades according to this main bias and price must stay above 1.17908 for me to keep this bias.
Attached Image(s) (click to enlarge)
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  • #137,012
  • Jul 28, 2021 2:54pm Jul 28, 2021 2:54pm
If price drops back below 1.1818 area, market could act as if this FOMC turmoil never happened.. Just thinking out loud!
Focus only on what truly matters!
  • #137,013
  • Jul 28, 2021 3:04pm Jul 28, 2021 3:04pm
Last months low 18449
All charts/ideas based on UK time zone
  • #137,014
  • Jul 28, 2021 3:15pm Jul 28, 2021 3:15pm
I am calling it day folks.. Thanks to all who collaborated

This has normally a wonderful range to drop BUT because retail is always blindly selling at these highs thinking it MUST drop only helps smart money to push price higher.. That's how they trick retail each and every time.. Beware!

Peace.. out...
Focus only on what truly matters!
  • #137,015
  • Jul 28, 2021 3:25pm Jul 28, 2021 3:25pm
Quoting Ata-Turkoglu
Just curious... do we have any casualties? Anybody ended up in the ER during the process??? I really hope that none of our members got axed today..
I rode my long trade from 1.18139 to 1.18476, just a 0.1 lot size albeit for nice USD 33.70.
Wish I could have hopped in @ 1.178x's, but... PA was just there and back in a weird manner, kind of too hazardous to mess with.
Good night folks!
  • #137,016
  • Jul 28, 2021 3:43pm Jul 28, 2021 3:43pm
Going short. 1.618 met.
Attached Image (click to enlarge)
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Managing your lot size is the key
  • #137,017
  • Jul 28, 2021 3:43pm Jul 28, 2021 3:43pm
Quoting sponge
Last months low 18449
Last weeks high 1830

looks a tad bullish above these levels ....caution below for me .....monthly looks a party pooper below 18449

More volume today so what gives? I'm on the bull side ....famous last
All charts/ideas based on UK time zone
  • #137,018
  • Jul 28, 2021 4:25pm Jul 28, 2021 4:25pm
Just speculating on the type of monthly candle that will be formed this month. Its either we have a bullish hammer going all the way to 1.19840 or we simply have a bullish doji both indicating trend reversal to the upside. Time will tell
Risk comes from not knowing what to do
  • #137,019
  • Edited 4:52pm Jul 28, 2021 4:27pm | Edited 4:52pm
Quoting Ata-Turkoglu
Just curious... do we have any casualties? Anybody ended up in the ER during the process??? I really hope that none of our members got axed today..
I missed my buy entry by a few pips but eventually got in about 10 pips late. Took profit around 18350 area. My first post FOMC order didn't go well though. Took a 25 pip hit on that one.

Moving on. Have a buy order waiting at 1.18200 targeting 1.18850 area. SL: open

I also have an active sell order from 1.18450 targeting 12+ pips (yeh yeh i'm greedy !!!).

Attached Image (click to enlarge)
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  • #137,020
  • Jul 28, 2021 4:47pm Jul 28, 2021 4:47pm
Quoting Austyno
Observe what's happening on the daily timeframe and you notice that, the lows are very close to each other, today(FOMC) shouldn't be any different. I am still on the buy the dip basis and my view/bias was strengthen when we took out the highs of last week(bullish engulfing candle loading). Based on my experiences with FOMC, the price usually go for the extreme edges. In this case, the last hope for bulls based on my system is @ 1.17773. To cut long story short, I have a buy limit @ 1.17773 Sl 50 pips Tp @ 1.19191( a possibility but am skeptical....
So far so good, worked out exactly as planned, as Wavegarrick would say,"I love it when a plan comes together" , i am still holding my long till my target hits or till end of the week.

I still maintain my bullish bias as before although we have a tough nut to crack at 1.187-1.189 area

My entry levels for tomorrow are as follows
buy limit@ 1.18216
sl 50 pips(below yesterday's low)
tp 1.18988
Risk comes from not knowing what to do
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