{quote}
POSTMASTER
- #138,021
- Aug 16, 2021 4:08am Aug 16, 2021 4:08am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
- #138,022
- Aug 16, 2021 4:33am Aug 16, 2021 4:33am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Hi Guys, Some nice price action todaySo far my trades playing out accordingly with some stop-outs at breakeven and some and re-entry trades. I am in a cyclic uptrend and will look to add buy trades on retraces. My 50% fib retrace (coral highlight) at 1.18071 could hold for this week and I could look at adding buy trades towards my future weekly pivot at 1.17695 ish. We could have a retrace towards my mid-round number at 1.17500 but remains to be seen next week. Have a great weekend, Cheers. {image}
Trade safe,
Cheers.
Trade to trade another day
- #138,023
- Aug 16, 2021 4:57am Aug 16, 2021 4:57am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #138,024
- Aug 16, 2021 5:05am Aug 16, 2021 5:05am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Happy Monday everyone !
Price has been in my Range Trading Heaven for a bit over 1H but now just starting to show signs that it is ready to get out. Could take a first short to hold of the week a second ago, 17823 !
Hope everyone is well !
Price has been in my Range Trading Heaven for a bit over 1H but now just starting to show signs that it is ready to get out. Could take a first short to hold of the week a second ago, 17823 !
Hope everyone is well !
{quote} Levels have changed more in one day than whole rest of the week for the majority of my stratsNow just need 1H low break and Ill have my : {quote} Taking a little longer than usual. Probably only next week... Maybe today, helped by thin liquidity... This same volatility can be utilized by the bears next week, for that is the blood vampire bears feed on
! Nothing is ever set in stone ! Bulls can push this beyond this galaxy and forever leave .17 land ! Strategies and their respective risk mgt based on worst case...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,025
- Aug 16, 2021 5:06am Aug 16, 2021 5:06am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Focus only on what truly matters!
- #138,026
- Edited 5:42am Aug 16, 2021 5:23am | Edited 5:42am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Good Morning Traders 
I don’t think that the jump in EU on Friday to the 1.18 was the start of a more bull rally. I continue to expect EU to feel some pressure coming from a bull dollar sentiment (Tapering) in the short term, more to that EU also seems to be lacking strong bullish drivers.. the ECB’s ultra-dovish stance which is going to start a policy divergence with the Fed, Over all I expect EU to move back to the lower half of the 1.1700(Short Term).
Update: meanwhile on air
*Fed's Kaplan: Would Prefer to Phase Out Asset Purchases Over Eight Months *Fed's Kaplan: Should Reduce $10 Billion in Treasurys, $5 Billion in Mortgage Securities a Month
*Fed's Bullard: Fed Should End Asset Purchases by March*
Trade safe
Happy Trading
I don’t think that the jump in EU on Friday to the 1.18 was the start of a more bull rally. I continue to expect EU to feel some pressure coming from a bull dollar sentiment (Tapering) in the short term, more to that EU also seems to be lacking strong bullish drivers.. the ECB’s ultra-dovish stance which is going to start a policy divergence with the Fed, Over all I expect EU to move back to the lower half of the 1.1700(Short Term).
Update: meanwhile on air
*Fed's Kaplan: Would Prefer to Phase Out Asset Purchases Over Eight Months *Fed's Kaplan: Should Reduce $10 Billion in Treasurys, $5 Billion in Mortgage Securities a Month
*Fed's Bullard: Fed Should End Asset Purchases by March*
Trade safe
Happy Trading
Trades technical moves enforced by fundamentals
- #138,028
- Aug 16, 2021 6:14am Aug 16, 2021 6:14am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #138,029
- Aug 16, 2021 6:21am Aug 16, 2021 6:21am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
In my crazy 
Mtako view, bulls really need to stop bears from getting back under 1750, as that would break their Friday momentum and would open too many doors for a bit of directionless ranging or a full on bears take over. If bulls can keep price mainly above the 1760s, they could still build on their Friday move and reach new highs.
Bears on the other hand, have it a bit simpler in my book, they already have the trend, now they need to take back the day ! A definite break of 60s(they have to stay down for a few hours !) is necessary. No rush !
My usual TP for this momentum build out of ranging conditions trade is in next main support levels, 1767. Usual SL is dynamic but now is at 1792...
I will hold it though, with my other shorts to be kept warm, as I have a strong enough longer-term setup still in the works.
P.S Bears feel a bit too comfortable perhaps
?
Mtako view, bulls really need to stop bears from getting back under 1750, as that would break their Friday momentum and would open too many doors for a bit of directionless ranging or a full on bears take over. If bulls can keep price mainly above the 1760s, they could still build on their Friday move and reach new highs.Bears on the other hand, have it a bit simpler in my book, they already have the trend, now they need to take back the day ! A definite break of 60s(they have to stay down for a few hours !) is necessary. No rush !
Happy Monday everyone ! Price has been in my Range Trading Heaven for a bit over 1H but now just starting to show signs that it is ready to get out. Could take a first short to hold of the week a second ago, 17823 ! Hope everyone is well ! {quote}
My usual TP for this momentum build out of ranging conditions trade is in next main support levels, 1767. Usual SL is dynamic but now is at 1792...
I will hold it though, with my other shorts to be kept warm, as I have a strong enough longer-term setup still in the works.
P.S Bears feel a bit too comfortable perhaps
?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,031
- Aug 16, 2021 7:24am Aug 16, 2021 7:24am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
! First really dangerous territory of the week for me. Bulls have all that they need to make it from here to test the 1830s, especially if they counter right here to get back in 80s, at minimum! Nonetheless, if goes back below 1768 without reaching above 17765, bears probably have an extra minimum 4 pips at least before probable strong bulls signs.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,032
- Aug 16, 2021 7:43am Aug 16, 2021 7:43am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,033
- Aug 16, 2021 7:52am Aug 16, 2021 7:52am
- Joined Mar 2020 | Status: Trader | 1,129 Posts
Bulls must have released all their juices in course of the rally on Friday... 
- #138,034
- Aug 16, 2021 7:58am Aug 16, 2021 7:58am
- Joined Jul 2011 | Status: Trader | 3,144 Posts
Holy Betting Grail strategy
- #138,035
- Aug 16, 2021 7:58am Aug 16, 2021 7:58am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Bulls must have released all their juices in course of the rally on Friday...
Wonderful imagery mate!Usually expect more here from a 1767 type support rejection after Friday's inglorious countertrend moves! Holding on to my hat !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,036
- Aug 16, 2021 8:21am Aug 16, 2021 8:21am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
New sell stop 1.17741. I forgot ! My best case scenario for bears today, possible with the present intraday momentum : Clean break of 1763 with enough sudden increased volatility to keep it away from 1770s for the rest of the day.
! This setup with sell stop expired 
. Got a new one
! Sell stop 1.17763, but 15 minute cdl that would hit it needs to close below 75 or I am out of this one. It needs more volatility for the bulls to stand back! Action !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,037
- Aug 16, 2021 8:21am Aug 16, 2021 8:21am
- Joined Jul 2011 | Status: Trader | 3,144 Posts
Holy Betting Grail strategy
- #138,039
- Aug 16, 2021 9:23am Aug 16, 2021 9:23am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
Very busy here so I'm just placing swing orders.
Short now at 1.1775 with a TP at 1.1740. As for my Stop:
1.1820 = 
Short now at 1.1775 with a TP at 1.1740. As for my Stop:
1.1820 =
...because you never know - until you do!
- #138,040
- Aug 16, 2021 9:40am Aug 16, 2021 9:40am
- Joined Jun 2009 | Status: Trader | 1,734 Posts
Buy above 4th green box confirmation. If not sell. 
MY GRID. Markets are NOT random.