EURUSD only

WOOHOOO BOOOOOKKKEDDD 130 pips and now TRIGGEREDDDD long at 1.1667 Will bring my SL to BE if we go up by 20 pips. 20 pip stop. TP 1.18147 (148 pips)

uptrend is either starting here or 1.15 area , OR we’ll just crash to 0 I guess

Good day. Although breaking these all time mega supports still falling slow..... If i were long we´d be right at the bottom. When you are wrong market wipes your account within a few days but positioned correctly its huge effort scratching some dollars. I think it happens to all of us. Maybe its just a feeling.
Last time i was incorrectly positioned (blue arrow) account went down from 1000 euros to 100 but managed to come back hedging short. I did not have my strategy completed at that time. Green lines are the swing movements. By the way, experienced my first fustration having a withdrawl declined after 3 years without a problem on any other bank transfer. My broker wanted to check my oficial bank statement and finally i was able to see transfer into my account. There is no university carreer to teach you this subject, its that difficult.

TP hit for 78 pips.

Guy

Good morning everyone, welcome to the great Asia surprise !


Sold here 1.16700

Good Morning.
Find nice spots to sell:
1.1688
1.1701
1.1713
for a test 1.1650

H4 Status Update

Hi traders... We are at the edge of new lows BUT will bears jump?

1. 1.1671 is the edge of the cliff.. As I said a few days ago: I don't expect this to become "the" week.. 1.1645 is my absolute low in case 1.1671 seems to break: I will see it as a bear trap!
2. My goal during fomc was to eventually buy dips, but the event didn't give bulls the necessary power to achieve a clear H4 candle close above 1.1721 yesterday.. Today that level has dropped to 1.1716 and continues to drop with each new candle. Meaning: any delay for new lows is in favor of bulls!
3. For today and until next week's Monday or Tuesday this might go sideways or try to pierce through 1.1671 and I will use every opportunity to look for buying at lowest point possible..
4. Long story short: Beware of bear traps!

I hope it helps

Good Morning Traders

As finally we are below 1.17 we can now focus on 1.1640-50 & finally 1.160x from where I am expecting a decent bounce. I might start taking long positions once if we hit 1.1640-50 area till then sell the high

in the meantime "
BUSINESS NEWS
AUGUST 19, 20213:27 AMUPDATED 14 MINUTES AGO
Stocks slide, dollar climbs as taper and virus fears combine
By Alun John, Tom Westbrook" HONG KONG/SINGAPORE (Reuters)"


Trade safe
Happy Trading

When I was young there was a phenomenon called "Reversal Thursday". Does it still exist?
Let's see!

First off : beware the fake Asia break-outs ! Worth a whole study on their own

Next stop, pre-covid prices ?! WOooooooooooooooooo HOld on to your horses !
Ok, ok, it WILL be a big enough of a miracle if 1620s get reached and broken through as quickly as the last 50 pips, IF it does at all. But not the first time that that would happen under such volatility in momentum (1H to 12H for now still strong enough for the possibility this very week). Just as well, a reversal just as strong is possible after a good 'ol bear trap, as ATA explains above so well!

More importantly, for right now, woke up with 1D momentum setup confirmed. Nice feeling. Another good sign for bears. BUT also indicates that we are at dangerous times, at an increasing "moment of tension", and that volatility could potentially pick up even more, but both ways, beware intraday trades : adjusting TP and SL accordingly !
Been awhile I did not get one of these. It is only at its infancy, sooo very much fragile still. But if the 1D evolves as well as my 15m to 8H shared live entries are, it will have an impact on ALL my live-shared shorts as that would mean a new 1D break with highest volatility(think June 17th) would come soon, which could lead to another +10 days of bears. Great Bulls also have prepared for the worst case scenario, of course !

This is my new 1D based trade :

Dynamic SL starting around 10 pips above Tuesdays high.


My 15m was a simple "back to top of range from probable fake break out on previously established ranging condition... " setup
That is this one :
Which would have had a TP hit at this lately failed attempt at breaking that hammer, about an hour ago. Now at BE of course, waiting to see .1680s reactions, good sign up to now, TP is now at 55 but could move up or down a bit... A touch of 90s would not come as a surprise at all, and a successful landing back at 1782 would bring the SL down to that periods high.



Now this is just the beginning. Bulls still have a lot of potential as long as 1620 exists and is so close. One step at a time... The most essential part for now is that shorter than 1D momentum stay strong and steady enough to test 1620s BEFORE any attempts at 1740s.




! Hurrah two nights of Low of the Year TPs hit in Asia surprises in row. Maybe a third tonight ? Who does not love to wake up to see your computer did a good job taking care of your hard days work.

Kidding good folks! This was most probably my last time with Low of the Year funny trades. But you have to admit, it's a little nice to be here after all this timeLet's take advantage of it before it disappears for another God knows how many months !

Wishing to every one a wonderful day! And don't worry, I didn't forget : I am sending out by E-FEDEX free e-espressos and e-croissants to everyone !

There are few in the option market also thinking the same and also watch out for today's US Job data if we get really bad numbers out there then who knows your dream might just come true (at least tapering balloon could lose some air) ... Take care my friend


Happy Trading

Who said you that? It is not right. My dreams are only about Jennifer Aniston, not about Forex.

I wish this one to come true , too

That investor in Singapore should have waited to sell as there was not enough liquidity in the market.

"most participants judged it could be appropriate to start tapering this year" so it is sell high

I once have seen a guy making a study of these "Singapore moves".
He concluded it was manipulation and the moves were very often retraced completely.

First volatility trade of the day! Sell stop 16815 !

Quick Daily Outlook for Tomorrow

1. Motto: Tomorrow's levels often affect today's pa!
2. That being said, bears are really trying to keep it below 1.1684.. Here we can see that there is room until 1.1637 BUT thanks to the weekly chart there is strong support at: 1.1678! <-- Note this level down!
3. If today, tomorrow or latest Monday: as soon as H1 candles settle above 1.1678 I will become a buyer! Until then, I will try scalping mixed, depending on situation...
4. And remember: while below monthly 1.17135 buyers always have to be careful! For now that's where I would set my targets whenever I buy dips!

I hope it helps

loading shorts

Based on H1, bulls are clearly smashing the gates of 1.1678... From here I will keep buying dips but no more scalpers! I go full power!

I manually closed my long here at 1.1694, and i am waiting to get a new order. I might be short when it reaches 1.171+