EURUSD only

Powell might say: "Monetary policy stance still holds despite Delta outbreak and the variant does raise economic uncertainty but is not a game changer".

Hmm did hear that from someone else also

H1 Status Update

1. Sell pressure can be expected from 1.1750/52 area..
2. Nearest support sits at 1.17365 area..
3. Volume will drop and therefore I plan to continue after London opening..

Calling it a day.. Happy trading to those who keep going

Zooming into the smaller time frames is always helpful folks. Stall and reverse from a 4hr t/frame going into 15 minutes. 1.17500 remains crux.

Cheers.

#EURUSD / H4

Said and done, hit and run, quick +15 pips short, with 0 drawdown. As clean as it could've been

If you chart is correct that would put a "bottom" on EU in September...hmmmmm

15 min view posted, all these "support" and "resistance" lines have seemed to play a role in todays price action. I'm currently short from 1.1753 and I want price to stay under 1.176

2nd image is 1 HR, i hope this support line breaks!

I can live with thiS. 1.175000 remains crux
Cheers

Cracked 1k today.
Almost ran out of time with my hectic work schedule today that involved painting, PPMS, team meeting, escorting Mewp support, fire evacuation - I made £80 with these efforts - wrong profession?

Ok, my short entry triggered @1.17570, sell TP set for 1.16960

Guy

Hope everyone is sleeping well. Alarms woke me up. Big update for me. I am officially out of my long-term shorts, with a tiny profit. Closed all here at 17358!

Generally

There are many tools that help interpret price, and as many ways to react to price fruitfully.

Often times, it is by responsibly exploiting patterns and probabilities.

Sometimes though, it is also by responsibly tackling the rarest of possible outcomes. I say rarest compared to usual movements, but they actually occur quite often, often enough to take very seriously beforehand.

For example. At this rare moment here, and for the last weeks, price is facing immense supports from the monthly and weekly.

In these moments, put simply and incompletely:

1) We often get much heightened volatility. The levels get at least one violent rejection. More often than not, many rejections. Stops and TP vary greatly from strategy to strategy.

2) On rarer occasions, a clean rejection occurs, and said level is not seen anytime soon. SLs can be tight compared to TPs

3) On rarer occasions, a clean break-out occurs, and said level is not seen in a while. SLs can be tight compared to TPs

4) On rarer occasions, a slow but steady break-out occurs.... and on and on, 5), 6).... We all know how many outcomes are possible. We learn to exploit the different ones with strategies adapted to each and every one.

Each one of these scenarios can be taken advantage of, in so many different ways according to the strategies and outcomes at play.

Some might have noticed from my live shared entries that I have been holding on to some shorts from 1680s all the way up to 1790s. I have been attacking these supports as price was approaching them, and at every moment I could identify a new window with optimum conditions for, alas, the little chance of it succeeding anyways.

As I have been continuing to scalp both ways as usual, I have not mentioned most of these particular positions since the last major down move for the following reason :

While I also have plans to continue to take advantage of 1 and 2..., till today these shorts were in preparation for the RARE 3 outcome. That has come to an end, again. Small note : one might jump to the conclusion that there is a big drawdown compared to potential return. That could not be further from the truth when it is done right.


I am not saying that the drop will not happen still from here, far from it. But I prefer to get in with the appropriate swing move, and this is not it anymore. I am still planning for this possibility though, just as I also plan for the worst case scenarios. Whatever happens, happens. I will react to the best of my knowledge and skills, accordingly. This time didn't work out, and that is what mostly happens with this approach. But it is still worth it on the long run, because every time it does, the rewards cover it all and so much more.

If anyone was interested by this and my other crazy shares, I am very pleased. Apologies for the poor writing, I am just waking up, and much earlier than usual.


And to continue this decades long adventure : bought here 17342 !

Happy Trading Day everyone !

Here is a turning point in 1hr chart which is most likely to occur on 2 EST bar and it will occur aroun 2.15 EST in 15 min chart. A top or a bottom is formed around this time in 1hr chart.

Good Morning


Target S1= 1.1736. Hoping to catch that move around 1.1758
If price is reached before trade cancelled.


london open = + 1hour hour and displayed is yesterdays

A weak price rejection seen on M30
I think it reaches 1.17200

or even tp 1.1710

Please check & match if my Turning Point if they are OK wih yours

so it will be i think
meanwhile
Grandaddy will receive his third booster in September and the rest of usa citizens who want to follow,
USA is ahead of Europe.

breaking 11725 the game is over and down we go even pulling back a bit