- #138,366
- Aug 20, 2021 4:21am Aug 20, 2021 4:21am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Morning everyone 
Wishing to all the very best Friday.
I have almost finished my range trading. It was soo tight, good for 3-4 pips only with my range strats.
A rise back to 16782 and I would usually go for minimum 7 pips with a long, but medium-longterm momentum being so steady for the bears + tightness of the range today as well as a few other more present factors like volatility, are now forcing me to stop buying completely except the smallest scalps (3-7), and at least till I get a decent countertrend.
NOT that it means bulls wont completely take over here, anything can happen at all times, but probabilities, at this very second, tells me otherwise, in my limited view and flawed calculations...
Volatility having grown considerably the last hour or so, a return right now to days low with this power will signal for me a reach to years low, at the very least.
But could be much much deeper.
Trade safe and happy everyone!
P.S I will maybe finally have some TPs today after much much patience ! Still being patient though, could be for next week.
My favorite post today. I would like this twice if I could. I feel the exact same way about everything you say here
Wishing to all the very best Friday.I have almost finished my range trading. It was soo tight, good for 3-4 pips only with my range strats.
A rise back to 16782 and I would usually go for minimum 7 pips with a long, but medium-longterm momentum being so steady for the bears + tightness of the range today as well as a few other more present factors like volatility, are now forcing me to stop buying completely except the smallest scalps (3-7), and at least till I get a decent countertrend.
NOT that it means bulls wont completely take over here, anything can happen at all times, but probabilities, at this very second, tells me otherwise, in my limited view and flawed calculations...
Volatility having grown considerably the last hour or so, a return right now to days low with this power will signal for me a reach to years low, at the very least.
But could be much much deeper.
Trade safe and happy everyone!
P.S I will maybe finally have some TPs today after much much patience ! Still being patient though, could be for next week.
{quote} Hey guess what - I'm in his/her ignored list! Remember you aren't judged by your friends but by the enemies you make!I'm just joking! I don't blame EurUsd-thijs because maybe they don't like my gif's/pics. I "know" it's unprofessional but hey I've got to be professional at my "real job" while on here I just post to "learn" from others. In fact this is a perfect time for me to personally acknowledge and thank the starter of this thread - Ata-Turkoglu. I believe that it is his dedication to keeping all us Forex traders focused...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,367
- Aug 20, 2021 4:37am Aug 20, 2021 4:37am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Have a rare setup confirmed. sell stop 16717, TP 22 pips SL 6 pips, moved to BE if 7pips in profit.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,368
- Aug 20, 2021 4:50am Aug 20, 2021 4:50am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
Maybe
POSTMASTER
- #138,370
- Aug 20, 2021 5:21am Aug 20, 2021 5:21am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
Pattern recognition
POSTMASTER
- #138,372
- Aug 20, 2021 5:44am Aug 20, 2021 5:44am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
As a bull
, I would be comfortable with this last 15m reach from the low + back in late 70s. + after so many double bottoms, I usually would buy right here.I am selling at 2 consecutive down ticks below that big bull candles low with SL right above it
Yes, I know, silly me, I already have a 1670 position... They both would have very different outcomes if the downtrend continues.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,373
- Aug 20, 2021 5:56am Aug 20, 2021 5:56am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Pending Orders for Asian session and Tomorrow's LONDON & NY session Pending Buy Orders SL & TP open (Only Valid for Today) 1x 1.1652 2x 1.1642 3x 1.1616 4x 1.1604 Reasons: EU kinda over sold short term No major news events to push the bears I believe FED Tapering almost priced in Happy Trading
Good Morning Traders
After doing some extensive fundamental analysis I am sticking with my Buy order only for today, and switching to my longer terms strategy to 'sell the high' on EU, I have reasons to believe that with current deteriorating global financial condition, that's being said currency with ultra lose monetary policy like EU has more space to go down in coming months unless we see a significant positive shift in Global situation including Virus surge. but this is only my view
Trade safe & Do not forget to lock your weekly gains. Have a nice weekend all.
Happy Trading
Trades technical moves enforced by fundamentals
- #138,374
- Aug 20, 2021 6:11am Aug 20, 2021 6:11am
- Joined May 2014 | Status: Full Time Trader | 27,109 Posts
Based on H4: If 1.1655/65 zone supports today all good for bulls! 
Focus only on what truly matters!
- #138,375
- Aug 20, 2021 6:11am Aug 20, 2021 6:11am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
{quote} I agree - you don't want this to happen to you/your position...{image} Full disclosure - I'm short at 1.1698 with a "mental stop" of 1.1730ish.{image}
What strikes me is the "turn around" in the number of long positions that I'm reading. While I understand rebound (I love to trade Fibs) it strikes me how quickly people "change their mind".
Personally I've moved my TP to 1.1640 and I have some buy orders in at 1.1620 as I anticipated a rather fierce drop and rebound in price.
...because you never know - until you do!
- #138,376
- Aug 20, 2021 6:12am Aug 20, 2021 6:12am
- Joined Mar 2010 | Status: Trader | 5,930 Posts
{quote} Good Morning Traders After doing some extensive fundamental analysis I am sticking with my Buy order only for today, and switching to my longer terms strategy to 'sell the high' on EU, I have reasons to believe that with current deteriorating global financial condition, that's being said currency with ultra lose monetary policy like EU has more space to go down in coming months unless we see a significant positive shift in Global situation including Virus surge. but this is only my view
EURUSD
breaking 1.16714 should go down to D1 @ 1.15980 and to fulfill month range 1.15300
with 20 pips range and mixed (step aside) signals not sure is it worth it for trade today + FRYday ???
Forex can only be understood backwards, but it must be traded forwards.
- #138,378
- Aug 20, 2021 6:20am Aug 20, 2021 6:20am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #138,379
- Aug 20, 2021 6:24am Aug 20, 2021 6:24am
- Joined May 2014 | Status: Full Time Trader | 27,109 Posts
Meanwhile, on M30:
- Bulls will hope for a bounce up latest from my steep descending black trend line. To round it up: Roughly 1.1650 area for the next 5 hours or so.. A M30 close below this level would mean danger for long orders! Unless that happens, I keep my bullish bias..
- On a side note: On DAILY it can go down to 1.1630 and still bounce up.. So these are the times to be a little flexible and generous with stops for those who want to buy the dips "long-term"...
I hope it helps
Focus only on what truly matters!
- #138,380
- Aug 20, 2021 6:25am Aug 20, 2021 6:25am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote}
and this would also allow the over sold conditions to be corrected on charts , imoHappy Trading
Trades technical moves enforced by fundamentals