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EURUSD only

While we wait eternally ...

Once arrived at the 1H ceiling, sell or buy, that is the question so many ways to approach it, even though it is just up or down.

One thing is certain, if it wasn't for the higher volatile nature of the too recent down moves and the still unchallenged momentum from the 3H to weekly, I would have definitely kept my long open and attacked that ceiling for a good intraday move with a tight stop.

We could still have the big retracement right now. But for my strategies with my future longs(more than scalps), for now, I still have to wait for breaks of 1360-1390 levels and see hints that they become support. These levels are declining with time. We'll see, perhaps we will not even get there soon !

No matter what happens, we do our best to take advantage of it, and we don't mind breaking our necks from time to time, as long as we've got our pain meds(MM) . Maybe better to use the 'break a few eggs to make an omelet' metaphor and stay away from pain





Quoting mtako
closed long at 1.13328 +12 SOLD 13328 crazy bulls
SL now 3 pips, moved at BE if 1322 hit, where the reaction will be crucial in determining TP

I am with you now Yves, all the way !!!
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If I don't mention SL and TP = longer-term setup possibly in the works!
Thank you mate! Well, a touch of 1.1346 would make me believe bulls can have their say, but... this ranging heaven (random bouncing here and there) is just plain crazy.
Where are the bears?? I woke up and the relentless selling has stopped.
Quoting fafnir
Where are the bears?? I woke up and the relentless selling has stopped.
They want you to believe they're gone, vampire bears. Time is in their favour. There is a massive prevalence of buyers, despite the drops in the previous days. I had thought these buyers must have died of margin calls already, but they're still here. Or the stats are a fake.
I really expect another drop or at least an attempt for it.

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Quoting mtako
... SL now 3 pips, moved at BE if 1322 hit, where the reaction will be crucial in determining TP I am with you now Yves, all the way !!! {image}
Exactly, where are you bears ? Just got stopped out again. Managed to make a fat total of 2 pips selling ! +5 -3

Its a bulls world still, but will reenter, same condition as long as under .1354 for this setup, sell stop 1.13339
If I don't mention SL and TP = longer-term setup possibly in the works!
  • Post #142,406
  • Quote
  • Edited Nov 19, 2021 4:02am Nov 18, 2021 5:48am | Edited Nov 19, 2021 4:02am
Quoting John4y
Limit order EURUSD Short 1.13285 .. TP 1.12580 .. SL 1.13375
Unfortunately stopped out by growing retail stoploss clustering
So for now I'll avoid these clusters for the next ride:

2 x EURUSD Short 1.13395 (open TP/SL)
Quoting yvestrcz
{quote} They want you to believe they're gone, vampire bears. Time is in their favour. There is a massive prevalence of buyers, despite the drops in the previous days. I had thought these buyers must have died of margin calls already, but they're still here. Or the stats are a fake. I really expect another drop or at least an attempt for it. {image}
This is only retail traders if I am not mistaken. Not a big slice of the pie ! Only about 5% of fx market, please someone correct me.
If I don't mention SL and TP = longer-term setup possibly in the works!
H4 bearflag forming with resistance in 1137# ... targeting revisit of 61.8 big swing at 11290
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Quoting yvestrcz
{quote} They want you to believe they're gone, vampire bears. Time is in their favour. There is a massive prevalence of buyers, despite the drops in the previous days. I had thought these buyers must have died of margin calls already, but they're still here. Or the stats are a fake. I really expect another drop or at least an attempt for it. {image}
Yes, they are hiding in the corner waiting to attack. Bulls have a long way to go before a trend reversal is complete. We need to push through the 1.16 area for that to be credible. But there are tail risks out there for the bears to consider.
1. Is Powell going to be reconfirmed as Fed President or is Biden going to go for Lail Breinard. If he does pick her then the doves will be swarming the dollar
2. Can the really cut QE, Fed has been the biggest bid under the treasury market and when they stop playing, who is going to take over. There have been tremors in that market for the last week or so. If the treasury market stops functioning then all hell brakes loose and the Fed has to step in hard again.

So my point is if Breinard is the next Fed president or if treasury market gets very difficult and the Feds have to step in, then that is EUR positive.
Quoting fafnir
{quote} Yes, they are hiding in the corner waiting to attack. Bulls have a long way to go before a trend reversal is complete. We need to push through the 1.16 area for that to be credible. But there are tail risks out there for the bears to consider. 1. Is Powell going to be reconfirmed as Fed President or is Biden going to go for Lail Breinard. If he does pick her then the doves will be swarming the dollar 2. Can the really cut QE, Fed has been the biggest bid under the treasury market and when they stop playing, who is going to take over. There...
Thank you for the explanation. Definitely interesting!

Anyway, I got stopped out now, and I think I need a break from trading for the rest of the day as I am getting no good trading ideas today. Prosperous trading everyone and see you tomorrow!
Sell stop 1.13414 largest SL imaginable necessary ! Go bulls go !
Attached Image
If I don't mention SL and TP = longer-term setup possibly in the works!
Money Flows out of Bond Market into ... we'll see shortly

10-year Yield losing steam !
Short Grid : 1343 till 1352
Quoting post
{quote} Heyy my friend I just bought 1x now at 1.13807.. but if the price go down before testing 1.1485 to 1.1500 I will be buying more at 1.1375(1x), 1.1350(1x), 1.1330(2x), 1.1300(2x) and finally 1.1290(3x) these are only valid til ECB Dec meeting Hope these helps.. Thank you. Trade Safe Happy Trading

I have closed all my 2x and 3x Longs at 1345 a total of 285 pips, will reload again if we go down... happy to let all 1x keep running


Happy Trading
Trades on fundamentals that enforce technical moves
Quoting fafnir
{quote} Yes, they are hiding in the corner waiting to attack. Bulls have a long way to go before a trend reversal is complete. We need to push through the 1.16 area for that to be credible. But there are tail risks out there for the bears to consider. 1. Is Powell going to be reconfirmed as Fed President or is Biden going to go for Lail Breinard. If he does pick her then the doves will be swarming the dollar 2. Can the really cut QE, Fed has been the biggest bid under the treasury market and when they stop playing, who is going to take over. There...
Be careful with the above thought process - here's why:

If Powell is NOT re-confirmed then expect uber doveishness like stoping taper and continual bond purchasing; that is the conventional wisdom but what happens if Powell is re-nominated? There may be a sharp spike in USD (I don't know why as Powell is a dove as well) due to the removal of the uncertainity, ie continuation of the downward trend we are currently in.

Fundamentally you can make a case either way hence all the indecision and uncertainity in the markets right now. Don't forget the USA doesn't have a 2021 budget passed yet! There is a debt ceiling looming in 3 weeks as well.

With so much uncertainity in the upcoming weeks it will be difficult...just my thoughts. Currently out of EU after losing my shirt last week.
...because you never know!
Quoting SirMcPip
Date: 11/03/2021 Time GMT: 8:40 pm Market: EUR/USD Current Price(Dukascopy Bank SA): 1.1614 Direction: Short Order Type 1: Market Price: 1.1614 Stops: None Order Type 2: Limit Sell Price: 1.1720 Stops: None 1st Target: 1.1375 2nd Target: 1.0965
Moving Stops for remaining positions 100 pips down to 1.1514.
Quoting mtako
Sell stop 1.13414 largest SL imaginable necessary ! Go bulls go ! {image}
SL at BE tp open Cheers all patience needed today !
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting Mitiblotch
Watch what happens today. For thr first time we had a good bounce. Over 70 pips. Now if NY doesn't break that 1.1263 low (I believe they won't be able to) then the bottom is set. Tomorrow we buy like crazy.
!
If I don't mention SL and TP = longer-term setup possibly in the works!
Call me niave but im looking at 1.12 1.11, current runs on hand
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Sincerely Yours Cheers!
Quoting mtako
Sell stop 1.13414 largest SL imaginable necessary ! Go bulls go ! {image}
LOL that rocket image is so funny !
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