I hold my long possition and im out today. Goodluck all
1
- #138,603
- Aug 25, 2021 2:46am Aug 25, 2021 2:46am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Hi traders..
Based on M30, be very careful with 1.1760/65 resistance! For today, I am still inclined to sell the up swings. Especially while price is below 1.1770!
For a major down move, of course, bears have to break below 1.1747. Let's see!
Based on M30, be very careful with 1.1760/65 resistance! For today, I am still inclined to sell the up swings. Especially while price is below 1.1770!
For a major down move, of course, bears have to break below 1.1747. Let's see!
Focus only on what truly matters!
- #138,604
- Aug 25, 2021 3:00am Aug 25, 2021 3:00am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
Maybe There can be a Divergence
- #138,605
- Aug 25, 2021 4:35am Aug 25, 2021 4:35am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
Yearly & Monthly - 61.8 Fib - @ 1.17553 Acted as Resistance 5 Times
- #138,606
- Aug 25, 2021 5:35am Aug 25, 2021 5:35am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #138,607
- Aug 25, 2021 5:42am Aug 25, 2021 5:42am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
breaking 11725 the game is over and down we go even pulling back a bit
POSTMASTER
- #138,608
- Edited 6:05am Aug 25, 2021 5:46am | Edited 6:05am
Hi traders.. Based on M30, be very careful with 1.1760/65 resistance! For today, I am still inclined to sell the up swings. Especially while price is below 1.1770! For a major down move, of course, bears have to break below 1.1747. Let's see!
Since we had a very "obvious" W on the daily and a double bottom on the 4H, I am not sure whether this is a true bottom or if it's just a quick pump on the longer time frame. Because the reactionary emotion I feel wants to buy yet all my learned logic says to sell, I am keeping my short from 1.1753 until we make a new low
My analysis on the 15 min time frame: The area in yellow I consider a "pump" action. After our first "pump", we had some more consolidation and one mini pump. This probably got rid of some shorts while making late buyers go long. During asian session (red box), price stalled and for my short to work, we had to go down from there (as we did). Today, we had a final mini stop-hunt to eliminate shorts + accumulation, and now I believe we will see the lows break.
VERRY long term (monthly/weekly), I am bullish. However, based on the last 3 days of price action, I believe the low will be broken. This is too much time spent in this area to be a simple pullback on the long timeframe.
I personally want to see 1.1719 break, I really don't want to see 1.1725 area hold as support. Goodluck everyone!
- #138,609
- Aug 25, 2021 6:00am Aug 25, 2021 6:00am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
{quote} Looks like it broke with 4 am EST EUR news being the quick pump catalyst :o (16 likes on your post is the most I've ever seen! haha) Since we had a very "obvious" W on the daily and a double bottom on the 4H, I am not sure whether this is a true bottom or if it's just a quick pump on the longer time frame. Because the reactionary emotion I feel wants to buy yet all my learned logic says to sell, I am keeping my short from 1.1753 until we make a new low
POSTMASTER
Good Morning {image} Target S1= 1.1736. Hoping to catch that move around 1.1758 If price is reached before trade cancelled. {image} london open = + 1hour hour and displayed is yesterdays
Trends have a higher probability of continuing than not.
- #138,611
- Aug 25, 2021 6:13am Aug 25, 2021 6:13am
- Joined Aug 2010 | Status: Trader | 1,762 Posts
I do not know how I do it, but I take always the wrong decision. I bought at 1.1736. Then decents I think maybe i should hedge someting buy selling it than later will decide which to close.
I do this, when I close the popup, it begins to rise
. Eventually rose enough to cover the loss but so no profit 
I do this, when I close the popup, it begins to rise
. Eventually rose enough to cover the loss but so no profit - #138,612
- Aug 25, 2021 6:22am Aug 25, 2021 6:22am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
I do not know how I do it, but I take always the wrong decision. I bought at 1.1736. Then decents I think maybe i should hedge someting buy selling it than later will decide which to close. I do this, when I close the popup, it begins to rise
- #138,616
- Aug 25, 2021 6:44am Aug 25, 2021 6:44am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #138,618
- Aug 25, 2021 6:55am Aug 25, 2021 6:55am
- Joined Dec 2011 | Status: Trader | 4,013 Posts
It is another test of the 1681 area again for a decent bull move I speculate. Time will tell. EURUSD been moving at a snails pace recently and PA is just boring.
1718 is a very significant support resistance PA will ram through it like it is not tricking both bulls and bears.
Buying extreme lows under 1718 and selling extreme highs above 1718
Long short In a loud voice" We need decent move up and down"
Waiting to buy lower in the next 16 hours
1718 is a very significant support resistance PA will ram through it like it is not tricking both bulls and bears.
Buying extreme lows under 1718 and selling extreme highs above 1718
Long short In a loud voice" We need decent move up and down"
Waiting to buy lower in the next 16 hours
- #138,619
- Aug 25, 2021 7:01am Aug 25, 2021 7:01am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #138,620
- Aug 25, 2021 7:10am Aug 25, 2021 7:10am
- Joined Aug 2010 | Status: Trader | 1,762 Posts
{quote} Welcome to the world of Forex Trading
( and low patience and low capital at the moment.)