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EURUSD only

  • #142,021
  • Nov 11, 2021 8:57am Nov 11, 2021 8:57am
Quoting fafnir
{quote} I see strong downtrend. Nobody knows where the bottom is, we will know after the fact. It can still drop to 1.13 and if that does not hold, then 1.10 area. 1.13 is a 61.8%FIB from the last bottom to high on the weekly. Currently long from 1.1483 but partially hedged just in case. Chart looks terrible. The way I see it, we would have to retake 1.17 to have turned a corner. Until then it looks bearish.

as we lost and closed below 1493... next strong support could be 1290 and could react as a hard floor to this downtrend

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Fibo.png Size: 78 KB


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Trades technical moves enforced by fundamentals
  • #142,023
  • Nov 11, 2021 9:38am Nov 11, 2021 9:38am
Okay, now back to the ordinary practicality... are you guys buying these tiny dips if scalping at all? Or what is your trading fetish in course of a day as boring as today.
Both worked for me today, however I feel less tension buying dips than selling those swings.
  • #142,024
  • Nov 11, 2021 9:46am Nov 11, 2021 9:46am
Today is a scalp day.
MY GRID. Markets are NOT random.
  • #142,025
  • Nov 11, 2021 10:03am Nov 11, 2021 10:03am
Quoting tonyb123
Today is a scalp day.
Oookay. And how do you do the scalping today. Selling or buying or both?
  • #142,026
  • Nov 11, 2021 10:23am Nov 11, 2021 10:23am
Quoting yvestrcz
{quote} Oookay. And how do you do the scalping today. Selling or buying or both?
Both, from 1.1465 and range up 1.1458, range down 1.1473.
MY GRID. Markets are NOT random.
  • #142,027
  • Nov 11, 2021 11:20am Nov 11, 2021 11:20am
Tommorow could be better. Today eu was enought.
  • #142,028
  • Nov 11, 2021 12:11pm Nov 11, 2021 12:11pm
How LOW is this thing going ! *crap*
Drawdown is more important than Account Size !
  • #142,029
  • Nov 11, 2021 12:11pm Nov 11, 2021 12:11pm
Wonder if this latest drop has anything to do with the dispute in Belarus and them threatening to hold EU gas supplies to ransom if they go ahead with sanctions, if not, any ideas what this drop's about?
A wise man changes his mind, a fool never will
  • #142,030
  • Nov 11, 2021 12:24pm Nov 11, 2021 12:24pm
Quoting procrude
How LOW is this thing going ! *crap*
Keep your shorts going.

Next target 1.13 and maybe 1.09.

I closed some at 1.1450 but holding shorts.

If it retrace i buy more.Maybe toward 1.1530 1.1550.
  • #142,031
  • Nov 11, 2021 12:28pm Nov 11, 2021 12:28pm
Quoting MrGuy
Wonder if this latest drop has anything to do with the dispute in Belarus and them threatening to hold EU gas supplies to ransom if they go ahead with sanctions, if not, any ideas what this drop's about?
Nothing. No reason for anything. All the movers do is to wait to gather orders and at the mort unsuspecting time they breakdown to catch the liquidity (SL). It's a slow burn for bulls.
  • #142,032
  • Nov 11, 2021 12:28pm Nov 11, 2021 12:28pm
The market has been slowly grinding down over the past 5 months with corrections never being able to exceed the previous highs. Some large candles south are on the horizon. To emphasize, this is the weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 57 KB
  • #142,033
  • Nov 11, 2021 12:34pm Nov 11, 2021 12:34pm
Quoting Mitiblotch
{quote} Nothing. No reason for anything. All the movers do is to wait to gather orders and at the mort unsuspecting time they breakdown to catch the liquidity (SL). It's a slow burn for bulls.
But surely both technicals and fundamentals should be considered; technicals for targets, fundamentals for timing?
A wise man changes his mind, a fool never will
  • #142,034
  • Nov 11, 2021 12:42pm Nov 11, 2021 12:42pm
7-4 sisters
  • #142,035
  • Nov 11, 2021 3:36pm Nov 11, 2021 3:36pm
Long 1.1446 active

2nd entry 1.1422

Target 1.1666
1st TP 1.1575 60%

SL 1.1380

  • #142,036
  • Nov 11, 2021 7:52pm Nov 11, 2021 7:52pm
Failth Healer

Attached Image
  • #142,037
  • Nov 11, 2021 8:14pm Nov 11, 2021 8:14pm
Quoting fxcontest
Weekly Candle 2020 already broken, where is The Bull ? {image}
No Big Bull, just a minor for Deep South
Holy Betting Grail strategy
  • #142,038
  • Nov 11, 2021 8:21pm Nov 11, 2021 8:21pm
Quoting fxcontest
{quote} Be Careful with Bull position. IMO and DYOR
Sell at Pullback, No Buy
Holy Betting Grail strategy
  • #142,039
  • Nov 11, 2021 8:45pm Nov 11, 2021 8:45pm
Placing Sell between 1492 - 1510

IMO maybe Up and Down
Holy Betting Grail strategy
  • #142,040
  • Edited Nov 12, 2021 2:21am Nov 11, 2021 10:54pm | Edited Nov 12, 2021 2:21am
Quoting yvestrcz
I suspect nothing dramatic is gonna happen during the US session as it is lacking the US predators of retail traders today. A bank holiday is a bank holiday. Hence perhaps the Asian session or London tomorrow is going to shed some more light and direction on the graph.
Well, here we go, more drop during the Asian session. I should have left the sell order open, but no regrets.
However, this level ~1.1440 could really provide for some (at least) 50 pip pullback, shall we say?
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