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EURUSD only

  • #142,401
  • Nov 18, 2021 4:20am Nov 18, 2021 4:20am
Where are the bears?? I woke up and the relentless selling has stopped.
  • #142,402
  • Nov 18, 2021 4:42am Nov 18, 2021 4:42am
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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  • #142,403
  • Nov 18, 2021 4:45am Nov 18, 2021 4:45am
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/or TP = longer-term setup possibly in the works!
  • #142,404
  • Edited Nov 19, 2021 3:02am Nov 18, 2021 4:48am | Edited Nov 19, 2021 3:02am
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)
  • #142,405
  • Nov 18, 2021 4:50am Nov 18, 2021 4:50am
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/or TP = longer-term setup possibly in the works!
  • #142,406
  • Nov 18, 2021 4:50am Nov 18, 2021 4:50am
H4 bearflag forming with resistance in 1137# ... targeting revisit of 61.8 big swing at 11290
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  • #142,407
  • Nov 18, 2021 4:56am Nov 18, 2021 4:56am
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.
  • #142,408
  • Nov 18, 2021 5:12am Nov 18, 2021 5:12am
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!
  • #142,409
  • Nov 18, 2021 5:14am Nov 18, 2021 5:14am
Sell stop 1.13414 largest SL imaginable necessary ! Go bulls go !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,410
  • Edited 6:00am Nov 18, 2021 5:28am | Edited 6:00am
Money Flows out of Bond Market into ... we'll see shortly

10-year Yield losing steam !
  • #142,411
  • Nov 18, 2021 5:56am Nov 18, 2021 5:56am
Short Grid : 1343 till 1352
Holy Betting Grail strategy
  • #142,412
  • Nov 18, 2021 5:56am Nov 18, 2021 5:56am
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 technical moves enforced by fundamentals
  • #142,413
  • Nov 18, 2021 6:46am Nov 18, 2021 6:46am
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 - until you do!
  • #142,414
  • Nov 18, 2021 7:24am Nov 18, 2021 7:24am
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.
  • #142,415
  • Nov 18, 2021 7:28am Nov 18, 2021 7:28am
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/or TP = longer-term setup possibly in the works!
  • #142,416
  • Nov 18, 2021 8:27am Nov 18, 2021 8:27am
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/or TP = longer-term setup possibly in the works!
  • #142,417
  • Nov 18, 2021 8:35am Nov 18, 2021 8:35am
Call me niave but im looking at 1.12 1.11, current runs on hand
Attached Image (click to enlarge)
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Sincerely Yours Cheers!
  • #142,418
  • Nov 18, 2021 8:36am Nov 18, 2021 8:36am
Quoting mtako
Sell stop 1.13414 largest SL imaginable necessary ! Go bulls go ! {image}
LOL that rocket image is so funny !
Drawdown is more important than Account Size !
  • #142,419
  • Nov 18, 2021 8:46am Nov 18, 2021 8:46am
Quoting mtako
Sell stop 1.13414 largest SL imaginable necessary ! Go bulls go ! {image}
Quoting mtako
{quote} SL at BE tp open Cheers all patience needed today !

First attempt failed stopped at BE, sell stop reinstated! Sell stop 1.13414

Wick wick wick wick of a day ! 3-5pips scalpers very happy !! I think the crazy consecutive wicks are gone now.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,420
  • Nov 18, 2021 9:03am Nov 18, 2021 9:03am
Quoting procrude
{quote} LOL that rocket image is so funny !
It actually funnier now that I look at it again. It illustrates how this choppiness feels. Not moving for hours on end, but I still react and shake it like if the rocket is lit.


Nice to see you procrude. I want to thank you again for the message, and I apologize for not getting it earlier, account is linked to another email...

Back to EURUSD, anybody think the downside will see any new lows this week?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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