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  • #137,381
  • Aug 4, 2021 7:18am Aug 4, 2021 7:18am
Just went long at 1.18495...
Don't risk much.. 10 pips or so...
Focus only on what truly matters!
  • #137,382
  • Aug 4, 2021 7:19am Aug 4, 2021 7:19am
Quoting Ata-Turkoglu
{quote} Tell me what you notice the first 2 seconds you look at this chart? {image}
seems like a bounce back up from 1.18500
  • #137,383
  • Aug 4, 2021 7:22am Aug 4, 2021 7:22am
Quoting sat1970
{quote} seems like a bounce back up from 1.18500
I am doubtful about that.. but you never know.. let's see..
Focus only on what truly matters!
  • #137,384
  • Aug 4, 2021 7:23am Aug 4, 2021 7:23am
Quoting SnaveForex
Was thinking 1829 would rather give a health bounce like this. 1848 did again. I believe a failure above 1888 would lead to 1829 or may be 1800 into sub 1785 for a bounce to 1944. Waiting for a proper bottom to buy 1829 or even lower for 1944
Would the 1829 give this bounce back and they keep going until 1812 1785?. Will watch this London close carefully. Something sure cooking
  • #137,385
  • Aug 4, 2021 7:24am Aug 4, 2021 7:24am
Quoting yvestrcz
{quote} These bulls are plain slyboots, mate. They patiently kill all shorts appearing on the stage, no rush and hardly any hesitation. I suspect they can make it pretty high this time. More sad US news could only give them more energy. And yes, they're also very mean to some. But they also say no tree grows to the sky...



Quoting Ata-Turkoglu
Coming up next are Ingrid's Spicy Muffins (ISM) and let's see if we get diarrhea from them or not..




You two made me laugh so hard, and after my return from my ALMOST worst case scenario happened, thanks a lot I needed that !!


AAaand for some more of my bs


Quoting mtako
{quote} ....Worst case scenario for me, price stalls in the 90s and I have to have even more measures in place for ISM... Then get taken out of my intradays and finish off at around BE... Would be much easier if this volatility pushed it beyond 1920 first.... Beware bulls a return below 1877 in this volatility and top of range !


Beware bears a return to 1860 in this volatility and bottom of range !

And here we go again !!!! Buy stop 18476, 54, 1860
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,386
  • Aug 4, 2021 7:26am Aug 4, 2021 7:26am
Quoting Endoephemera
I have short increments 1.1873. Will add around 1.189 Let's see if I get out of this unscathed
All hail Endoephemera.

Account up 20% for the day.
It took a whole lot of sitting on my hands, a walk outside and even a movie,
resisting the moronic temptation to reverse or hedge, but I made it!

I closed everything.
Practitioner of the cryptic trading arts
  • #137,387
  • Aug 4, 2021 7:26am Aug 4, 2021 7:26am
Quoting Ata-Turkoglu
Just went long at 1.18495... Don't risk much.. 10 pips or so...
If M5 closes below 1.1839 I will accept the loss.. Waiting!
Focus only on what truly matters!
  • #137,388
  • Aug 4, 2021 7:27am Aug 4, 2021 7:27am
Quoting Endoephemera
{quote} All hail Endoephemera. Account up 20% for the day. It took a whole lot of sitting on my hands, a walk outside and even a movie, resisting the moronic temptation to reverse or hedge, but I made it! I closed everything.

I had to do the same! Took the dog for a walk and started cleaning the kitchen just to keep from getting emotional and closing it out haha!
  • #137,389
  • Aug 4, 2021 7:28am Aug 4, 2021 7:28am
Quoting Austyno
{quote} The goal of this 4hr candle is to engulf the previous one and break 1.184 once and for all
Ladies and gentleman, it's official, we have broken 1.184 support
Risk comes from not knowing what to do
  • #137,390
  • Aug 4, 2021 7:30am Aug 4, 2021 7:30am
Quoting Ata-Turkoglu
{quote} If M5 closes below 1.1839 I will accept the loss.. Waiting!
My broker closed below 1.1839 but I still holding my longs
  • #137,391
  • Aug 4, 2021 7:36am Aug 4, 2021 7:36am
Quoting Griffinx
{quote} My broker closed below 1.1839 but I still holding my longs
Try to get rid of them with BE or little profit if you can.. this drop is signaling visits to some deeper levels..
Focus only on what truly matters!
  • #137,392
  • Aug 4, 2021 7:37am Aug 4, 2021 7:37am
Quoting sat1970
{quote} seems like a bounce back up from 1.18500
Did you say 1,1950?
  • #137,393
  • Aug 4, 2021 7:40am Aug 4, 2021 7:40am
Quoting mtako
..... Beware bears a return to 1860 in this volatility and bottom of range ! And here we go again !!!! Buy stop 18476, 54, 1860

Bought my first since the news closed all. 1842. Buy stops waiting to get triggered as long as volatility is present for today... New levels for fresh buy stops 1856, 1867, 1877, filling it up as usual! 4th time the charm ?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,394
  • Aug 4, 2021 7:43am Aug 4, 2021 7:43am
Quoting Ata-Turkoglu
Just went long at 1.18495... Don't risk much.. 10 pips or so...
I am not happy with this strong drop, so I am getting rid of this now here at 1.18492 with 3 ticks loss.. It is what it is..
Focus only on what truly matters!
  • #137,395
  • Aug 4, 2021 7:47am Aug 4, 2021 7:47am
my view
news helped the USD, we'll see if the support hold on..
Attached Image (click to enlarge)
Click to Enlarge Name: rrr.png Size: 48 KB
Trendlines H1,H4, SMC
  • #137,396
  • Edited 8:29pm Aug 4, 2021 7:59am | Edited 8:29pm
Next sell level sits at 1.18803
Risk comes from not knowing what to do
  • #137,397
  • Aug 4, 2021 8:03am Aug 4, 2021 8:03am
Quoting Ata-Turkoglu
{quote} I am doubtful about that.. but you never know.. let's see..
Placed Buy at 1.18390 .. let's see if get 8 pips
  • #137,398
  • Aug 4, 2021 8:05am Aug 4, 2021 8:05am
I am calling it day here.. EU banks will close soon anyway.. then volume might drop significantly and so on and so forth.. same old same old.. Friday is NFP day anyway..

*My overall roughly bear target sits at 1.1803...

Trade safe
Focus only on what truly matters!
  • #137,399
  • Aug 4, 2021 8:06am Aug 4, 2021 8:06am
Quoting Kyuu
Here is the reason why I believe we are experiencing bear power (weekly) This resistance that was broken is holding on the weekly. However if you draw this on the daily, it has not reached. I'm still holding my long and long bias unless 1.18386 gets breached. If it does, I will consider this weekly support break as bear power instead of bull accumulation and this recent bullish spike from a long term up trend to a quick pump before the next real dump. Time will tell I've attached my 4H prediction as well (image 2) {image} {image}
Update on my 4H chart. Added to my long at 1.18386 (original long 1.1775) and have a hard stop at 1.1825 but may close manually if I see no bull strength. This was my prediction yesterday, but I don't like how this has played out at all. Hoping the news was just a way to scare all the Longs away but it needs to swing fast. Worst case scenario I come out with a profit and will re-evaluate my long term direction.
Attached Image (click to enlarge)
Click to Enlarge Name: af97fd3f948c0cc2d9d878a264efb4ba.png Size: 201 KB
  • #137,400
  • Aug 4, 2021 8:12am Aug 4, 2021 8:12am
Just ended my usual +4 pips range scalping.. 3 is my max after such a move.

With these types of reversals and follow throughs with such volatility beyond such established top and bottom of 5 days ranging, it is not uncommon for price to eventually not have any more ordinary dips to buy or sell into, and to break through 1 or even 2 established resistances or support. And today, tomorrow or Friday, that could happen either direction.

Under these price dynamics, I have learned to not be fooled by intraday volatility wars, both ways, especially during news. In my clumsy view, there is no established direction under such sustained ranging conditions, intraday... Perfect for buying lows and selling highs, and dips like Ata does so well. Sooner or later price movements changes just enough to have one strategy come to a halt or losses, and mm saves the day. Better yet, another strategy takes more place, momentarily. Diversification changes everything.

Respecting every strategy's respective rules and mm, and that includes adjusting to any changes in dynamic, tick by tick, will keep the doctor away and the years of success to stay.


And I was soooo close to getting an early weekend. Another normal trading day.

Ok, one last setup accepted, bought 1836 !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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