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Trading EURUSD only 43,684 replies

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Attachments: EURUSD only
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EURUSD only

You can use it on ANY TF. It does NOT happen all the time on these 2, because there are other instruments that are EXACTLY the same as these 2 just with a different symbol and when you compare them ALL, you can pretty much predict EVERY reversal point.
But even using only these 2, you can spot many reversals on the smaller TF's.
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Quoting mtako
{quote} ... Sell stop 1.14158, with at least 23pips dynamic SL First and probably only moment of truth of the day for me!! A new low after now (just stepped out of my average range levels at last, 15m-30m perspective), gives more possibility for a continuation. How that would take form, if that happens, who knows, especially since eurusd has too rarely seen this power in momentum and out of average moves on the weekly, so better just ride the wave... {quote} Momentum Man dictates : small man moves SL to .14314 to lock in a modest 4 pips...

SL moved 1.14219 TP set .1391 My other shorts need the 30m and 1H closes for updates.. So far so good.
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting pipibrasci
{quote} All short term targets reached (1.1450 - 1.1420) {image}
Pull back seem likely at level 1.1405 (H4). Fib Ext. level 2.0
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Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
Quoting pipibrasci
{quote} Pull back seem likely at level 1.1405 (H4). Fib Ext. level 2.0 {image}
wow that was a dump! lol. Market does what it wants.

1.1374 next??
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Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
No Bull This Week, Down 200 pips
Keep selling.

Next target 1.1350.

stay green
Quoting pipibrasci
{quote} wow that was a dump! lol. Market does what it wants. 1.1374 next?? {image}
They are destroying the Bulls. We might see 1.13 but this thing drags on in the oversold territory. That can go on for a while. The ECB is not in a hurry to do anything and market is betting that the FED will have to hike sooner rather than later. But remember, this is no ordinary economic backdrop with the pandemic lurking in the background.
Ahhh... Missed sell limit by 5 pips.
Quoting Traderview
EURUSD on Daily {image}
Now i can buy.

Buy @ 1.1380

TP @ 1.1420

SL @ 1.1350
OK, i'm starting to play long, first at 1.1390.
Everyone makes mistakes, but only few use equity management.
Quoting pipibrasci
{quote} Pull back seem likely at level 1.1405 (H4). Fib Ext. level 2.0 {image}
Indeed we have entered the limits of the average daily range and I am surprised it is attacking it this well and even at all today.



Updates for the day :

In short, sold the top of the established RANGE (14549) and then the new potential resistance after the break of the bottom of shorter-term low-mid range(1.14357), then a quick volatility in momentum setup from 1415, more info through my quotes if anyone is interested :

Quoting mtako
Wishing to all of you a wonderful week ! Scalping the return to an established top of range for the mid-bottom == 1h Sell stop 1.14549 for the 10 pips Rain or shine, every minute, may we follow our rules without fail!, and with a smile , and let's not forget also : {image}
+ 10


Quoting mtako
{quote}...Sell stop 1.14158, with at least 23pips dynamic SL First and probably only moment of truth of the day for me!! A new low after now (just stepped out of my average range levels at last, 15m-30m perspective), gives more possibility for a continuation. How that would take form, if that happens, who knows, especially since eurusd has too rarely seen this power in momentum and out of average moves on the weekly, so better just ride the wave... {quote} Momentum Man dictates : small man moves SL to .14314 to lock in a modest 4 pips ...
Quoting mtako
{quote} SL moved 1.14219 TP set .1391 My other shorts need the 30m and 1H closes for updates.. So far so good.
+24


With my remaining shorts, I trade with the perspective of this level 1380s-1410 becoming new resistance :


Quoting mtako
Closings under 1440 now, could become resistance. Another two complete 15m cdls under 1440 and there could be a nice in momentum trade with dynamic stops around 22 SL 30 TP. Let me dream ! I do have a new sell stop 1.14357 but it expires in 20m...
SL now 1.14282 securing at least 7


Quoting mtako
{quote} -1 loss on my long . 14474 Short was triggered, but TP and SL shortened to 8 pips. New swing setup confirmed sell-stop 1.14435. Never over !
Still at BE, will look to reenter if taken out, as its for the long haul as long as we stay under 1480...


Preparing for anything, as usual!
If I don't mention SL and TP = longer-term setup possibly in the works!
That was a HOOT! Anyway, volatility is still pretty high, and I am staying on the sidelines now. Given the dynamics, anything can happen (even now, after the bull slaughter).
Quoting pipibrasci
{quote} wow that was a dump! lol. Market does what it wants. 1.1374 next?? {image}

I guess its due for a pull back. phweew.

EXY hitting that next support. EXY/DXY
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Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
Bought 1.13825, TP 1.14200
Aim to stay in the game for 6 months NO MATTER WHAT !!. Profits come after.
Quoting SirMcPip
{image}
The bottom wont hold for long as the market is just starting to gather steam for the continuation of the long term down trend.
The bears are in town.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Intru
Ahhh... Missed sell limit by 5 pips.

Missed my short limit order as well All good though, onto the next.
Trying my best.
Since the beginning of this downtrend move back in June, every 4h move of this form and magnitude remained an important pillar of resistance.
And each of their high remained untested for at least a couple of days; and most of their highs have not even been tested...


Also, getting close to monthly bottom range territory, should be interesting !

My counter-trend long strats are not very performant under such selling, so I'll be waiting a tiny bit more before considering any longs.

Wishing the very best to all traders and especially to longs as I can't wait to get back in longer-term longs ! I know many will be buying around here, and with reason!


Quoting mtako
Closings under 1440 now, could become resistance. Another two complete 15m cdls under 1440 and there could be a nice in momentum trade with dynamic stops around 22 SL 30 TP. Let me dream ! I do have a new sell stop 1.14357 but it expires in 20m...
Finally have an update with TP for this one : max TP 1315 , with dynamic SL now at 1.14223, securing minimum 13 pips

They don't call me Crazy MTako the Dancing Tick for nothing !
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If I don't mention SL and TP = longer-term setup possibly in the works!
This is fishy. No-one seems to be buying EUR after the mighty someone has sold a whole wad of it today. I will not be buying for certain for fear that another plummet can be cooking. Better be safe than sorry, for me. London will tell us more.
Good evening Dealers

Just entered long 1.13807 SL & TP open

I will be buying EU now at every dip until ECB Dec.. if we reach 1290 before Dec ECB ..I will buy 3X at 1290
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