Attachments: EURUSD only

EURUSD only

#141,441
Oct 28, 2021 5:58am Oct 28, 2021 5:58am

Alorente
Joined Aug 2011 | Status: Trader | 4,928 Posts

EurUsd is building a solid Bull Wedge on the Daily. I know we all expect EU to drop further, but with the ECB news upcoming, I would feel uneasy about holding a short position. The chart shows a potential explosion higher. I think the safe route is to stay out until it shows a clear direction.

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Observation is the path to discovery.

#141,442
Oct 28, 2021 6:54am Oct 28, 2021 6:54am

Austyno
Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts

Quoting Alorente

Disliked

EurUsd is building a solid Bull Wedge on the Daily. I know we all expect EU to drop further, but with the ECB news upcoming, I would feel uneasy about holding a short position. The chart shows a potential explosion higher. I think the safe route is to stay out until it shows a clear direction. {image}

Ignored

Not until bears test 1.15635

Risk comes from not knowing what to do

#141,443
Oct 28, 2021 6:55am Oct 28, 2021 6:55am

Austyno
Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts

The direction of the day was already clear the moment price took out the lows of yesterday

Risk comes from not knowing what to do

#141,444
Oct 28, 2021 7:20am Oct 28, 2021 7:20am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now

Quoting Ata-Turkoglu

Disliked

{quote} Closing order here at 1.1605 with -15 pips loss (Total loss so far from choppiness: -65-15=-80 pips) Immediately opening BUY order at: 1.1605... Stops at least 18 pips..

Ignored

Closing buy order here at 1.1589 with -16 pips loss (Total loss so far from choppiness: -80-16=-96 pips)
Immediately opening SELL order at: 1.1589... Stops at least 18 pips..

Focus only on what truly matters!

#141,445
Oct 28, 2021 7:33am Oct 28, 2021 7:33am

Trittico
| Joined Mar 2021 | Status: Trader | 24 Posts

EURUSD 1H
There are already 3 days since the price is within Bollinger Bands....

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#141,446
Oct 28, 2021 7:35am Oct 28, 2021 7:35am

SnaveForex
Joined Dec 2011 | Status: Trader | 4,013 Posts

Something must give. 1589 or 1618

#141,447
Edited 9:10am Oct 28, 2021 7:42am | Edited 9:10am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now

Quoting Ata-Turkoglu

Disliked

{quote} Closing buy order here at 1.1589 with -16 pips loss (Total loss so far from choppiness: -80-16=-96 pips) Immediately opening SELL order at: 1.1589... Stops at least 18 pips..

Ignored

Closing sell order here at 1.1611 with -22 pips loss (Total loss so far from choppiness: -96-22=-118 pips)
Immediately opening BUY order at: 1.1611... Stops at least 18 pips..

Focus only on what truly matters!

#141,448
Oct 28, 2021 7:46am Oct 28, 2021 7:46am

Starcraftmaz
Joined Mar 2012 | Status: Trader | 1,982 Posts

She's going up!

1h breakout

#141,449
Oct 28, 2021 7:52am Oct 28, 2021 7:52am

SnaveForex
Joined Dec 2011 | Status: Trader | 4,013 Posts

Quoting SnaveForex

Disliked

Something must give. 1589 or 1618

Ignored

watching 1629 for change for sellers to target the lows again for another run up possibly

dicey situation now

#141,450
Oct 28, 2021 8:13am Oct 28, 2021 8:13am

procrude
Joined Jan 2016 | Status: Trader | 1,309 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Closing buy order here at 1.1611 with -22 pips loss (Total loss so far from choppiness: -96-22=-118 pips) Immediately opening BUY order at: 1.1611... Stops at least 18 pips..

Ignored

Hey Ata, we all know you will get the lost pips back from the market .... you are an amazing trader !

Drawdown is more important than Account Size !

#141,451
Oct 28, 2021 8:14am Oct 28, 2021 8:14am

eldarreiny
| Joined Jan 2021 | Status: Trader | 48 Posts

Question:
I dont understand why the market moved upwards at all today.
all my analysis was for a drop.
All news came in with the $ being positive.
but it went up to even above the daily resistance.
Could it be market movers or was my analysis wrong?

Even if the morrow is barren of promises, nothing shall forestall my return

#141,452
Oct 28, 2021 8:21am Oct 28, 2021 8:21am

LucasT
| Joined Jun 2015 | Status: Trader | 620 Posts

Quoting eldarreiny

Disliked

Question: I dont understand why the market moved upwards at all today. all my analysis was for a drop. All news came in with the $ being positive. but it went up to even above the daily resistance. Could it be market movers or was my analysis wrong?

Ignored

Market is always right.

Fundamental provide Volume, Technical shows Direction

#141,453
Oct 28, 2021 8:23am Oct 28, 2021 8:23am

Starcraftmaz
Joined Mar 2012 | Status: Trader | 1,982 Posts

200ma coming up on 4h, pretty big.

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#141,454
Oct 28, 2021 8:23am Oct 28, 2021 8:23am

eldarreiny
| Joined Jan 2021 | Status: Trader | 48 Posts

Quoting LucasT

Disliked

{quote} Market is always right.

Ignored

... alright, but where did i go wrong?

Even if the morrow is barren of promises, nothing shall forestall my return

#141,455
Oct 28, 2021 8:34am Oct 28, 2021 8:34am

marcin.kamaj
| Joined Feb 2020 | Status: Full-Time Trader | 263 Posts

Close all long from this week at 1.1632 and now stay sideline, looking what this action will provide.

Everyone makes mistakes, but only few use equity management.

#141,456
Oct 28, 2021 8:39am Oct 28, 2021 8:39am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now

Quoting procrude

Disliked

{quote} Hey Ata, we all know you will get the lost pips back from the market .... you are an amazing trader !

Ignored

Lol... Thanks buddy.. Appreciated.. As my German friends would say: "Ende gut alles gut".. The "end" is most important.. The beginning or the process often not so much.. Cheers..

Focus only on what truly matters!

#141,457
Oct 28, 2021 8:54am Oct 28, 2021 8:54am

SiamonSings
| Joined Jul 2020 | Status: Trader | 185 Posts

Took three SL for a total of -47 pips

At least the price broke out of the channel so thats something. But i'm not convinced with this up move.
Entered a short at 1.16440 and I'm not closing this until 1.15600 area. SL: Open

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#141,458
Oct 28, 2021 9:08am Oct 28, 2021 9:08am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now

Quoting Ata-Turkoglu

Disliked

{quote} Closing sell order here at 1.1611 with -22 pips loss (Total loss so far from choppiness: -96-22=-118 pips) Immediately opening BUY order at: 1.1611... Stops at least 18 pips..

Ignored

Taking a pause here at 1.1673 and closing long order with +62 pips.. (Total loss so far from choppiness: -118+62=-56 pips..)

To be continued!

Focus only on what truly matters!

#141,459
Oct 28, 2021 9:15am Oct 28, 2021 9:15am

SiamonSings
| Joined Jul 2020 | Status: Trader | 185 Posts

Quoting SiamonSings

Disliked

Took three SL for a total of -47 pips At least the price broke out of the channel so thats something. But i'm not convinced with this up move. Entered a short at 1.16440 and I'm not closing this until 1.15600 area. SL: Open {image}

Ignored

Looks like it went another channel up. 1.16760 would have been the ideal sell area.

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