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  • #142,701
  • Nov 25, 2021 9:30am Nov 25, 2021 9:30am
Hi all just sold, 1.12112 Happy Thanksgiving!
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,702
  • Nov 25, 2021 10:19am Nov 25, 2021 10:19am
As much as im looking @ 1.095.

We are at prominent 22years Supply demand zone FIB price range of 1.118~1.121.

Lets see how it pannss out here.

Closed all shorts. My RR Buy in @ 1.121 for a long retrace, or long term.
Sincerely Yours Cheers!
  • #142,703
  • Nov 25, 2021 10:23am Nov 25, 2021 10:23am
FF really cracked down on gifs ? My apologies if I am in any way responsible.

My latest trade is based on 1H pullback with hidden divergence,
triggered from a 20m sudden decrease in volatility ending by the breaking out of the 13 some pips range.

Important first step for bears with this set-up : straight break and follow through once 1204 is hit, if hit.
If not, I exit and wait for reentry. Setup still has potential for this one as long as no 1H close above 1240.
If 1200s holds as support, 1220s minimum probability is too great, I'd get out at BE and wait again.
Worst if 1210s holds straight away here + 1220s doesn't hold = continuance of bulls, 1250s.

Now, they are two in the 1200s, two good close friends! :
Quoting mtako
{quote} Sellstop 11853 moved up to 1.11988 1207 stopped out at BE, still could reenter, but doubt it for today, see conditions above.
My 3 other shared surviving trades :
Quoting mtako Its a bulls world still, but will reenter, same condition as long as under .1354 for this setup, sell stop 1.13339
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.
... got an entry off a 1min setup here, SOLD at 1372, the highest short for this trend for me. I hold my shorts ! ... Ok, eat stroll sleep time !

My adapting risk management with these entries, for the time being, dictates that I can only take one more friend between 1170 and 1275, and it would be around 1250s or at lowest point, and only if the setup is strong enough at that time.
Momentum is still ripe from 2H+, and a proper correction could still be far off. NOT saying it is. But bulls can still easily attack 1230s without making a dent in this impressive down momentum, so bulls still have a long way to go to prove themselves a danger, in my book. 1275 is definitely a danger, as I keep repeating, and soon it will probably be my main SL !

Too bad for the gifs... wonder if I am the culprit. I'm the King MGifo afterall, as Ata says!

Thats it for me. Hope you all are well. Wishing you the warmest, greatest weekend, and see you next week I hope !

Too bad for the broken gifs, the moves on this eater , and this one looks like me as a kid with a turkey(doesn't he look just as stuffed as the turkey) !

Oh well, death to the gif on ff . mourning won't last long
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #142,704
  • Nov 25, 2021 10:45am Nov 25, 2021 10:45am
Quoting Wavegarrick
{quote} Hi Guys, I had my butt kicked with the last buy trade. I am getting a short confirmation signal and trying a short trade here at 1.12133. I am hoping for a retest of 1.12000 and below. Trade safe. Cheers. {image}
Could see some momentum now
Cheers
Trade to trade another day
  • #142,705
  • Nov 25, 2021 11:00am Nov 25, 2021 11:00am
Attached Image (click to enlarge)
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4 lots long to every 1 lot short. The average long is suffering a 255 pip drawdown while the average short is just 20 pips above price. They will carry on sniping the shorts 9brea and butter style) just above till the longs close out a vast % of those lots volume. So no way this is going up significantly just yet. IMO
  • #142,706
  • Nov 25, 2021 11:32am Nov 25, 2021 11:32am
Quoting Endoephemera
We can't resume the down until we make a new high around 1.124 tomorrow. Might as well be longing a little.
I ask myself the question Why? At 1.124 I will be looking for buy signals.
Cheers
Trade to trade another day
  • #142,707
  • Nov 25, 2021 11:36am Nov 25, 2021 11:36am
Quoting Endoephemera
We can't resume the down until we make a new high around 1.124 tomorrow. Might as well be longing a little.
agree with you there bud. targets are those clusters stepping upwards shaking out sellers, giving false hope to those sucker longs 250 pips DD who will dispair seeing it drop again after those clusters.
Attached Image (click to enlarge)
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  • #142,708
  • Nov 25, 2021 11:43am Nov 25, 2021 11:43am
Quoting SirMcPip
This is where the suckin' sound comes from. {image}
When i posted this chart , around 70% of retail traders were long the market. Roughly 400 pips later that number is the same as of today. Not saying retail traders cant be right but the first temporary bottom is still 300-350 pips away.
  • #142,709
  • Nov 25, 2021 11:50am Nov 25, 2021 11:50am
Quoting pamc
{image}4 lots long to every 1 lot short. The average long is suffering a 255 pip drawdown while the average short is just 20 pips above price. They will carry on sniping the shorts 9brea and butter style) just above till the longs close out a vast % of those lots volume. So no way this is going up significantly just yet. IMO
Just a curious question hoping you know the answer since you are also looking at this data. Do you know from which source they get those numbers? Is it from their own data base or a collection from some brokers, institutions or to the market itself? Coz the live accounts are too big if taken only from their own but too small if taken from the world market(total). I hope you know or some of you here... kindest regards.
Only an idiot knows with certainty to where the market is going.
  • #142,710
  • Nov 25, 2021 11:56am Nov 25, 2021 11:56am
Quoting SnaveForex
{quote} Maybe even lower. There was a "gap" that was left some couple of years around 1.07 ish. I will look for it and post
1.0829 - 1.0742
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  • #142,711
  • Nov 25, 2021 12:03pm Nov 25, 2021 12:03pm
Keltinger Chaos
  • #142,712
  • Nov 25, 2021 12:56pm Nov 25, 2021 12:56pm
This is what I expect for tomorrow on the EUR to happen. I will wait for the retracement to 1.1237 to open my SELL order. TP1 is going to be the NEW LOW of the week and TP2 is around 1.1145-55 zone where I think we'll see a LOW of the week form at and then a pullback into the weekly close.
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  • #142,713
  • Nov 25, 2021 12:58pm Nov 25, 2021 12:58pm
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  • #142,714
  • Nov 25, 2021 2:13pm Nov 25, 2021 2:13pm
Quoting MrBullBear
{quote} Just a curious question hoping you know the answer since you are also looking at this data. Do you know from which source they get those numbers? Is it from their own data base or a collection from some brokers, institutions or to the market itself? Coz the live accounts are too big if taken only from their own but too small if taken from the world market(total). I hope you know or some of you here... kindest regards.
From what MFXB states, they take data of at least 10,000 traders from EACH broker.
  • #142,715
  • Nov 25, 2021 2:19pm Nov 25, 2021 2:19pm
https://www.myfxbook.com/forex-broker-volume
  • #142,716
  • Nov 25, 2021 4:34pm Nov 25, 2021 4:34pm
Quoting Ata-Turkoglu
{quote} You are talking about USD... The leading currency in the whole world.. Sleepy Joe is only a dust particle in the history of USD.. What the USA generates as "value" with its many companies every year won't change so easily just because the country has a good or bad leader.. In general, never underestimate the strength of USD! *Anyways... End of month is nearing.. While price is above 1.1150 bulls have the chance to flip this up again.. Time will tell!
Yes true. The US tech companies are gold and also the fact that commodities are traded in USD. This is probably one aspect that makes it attractive to hold USD. But in the end I think it is decisive that the USD boils down to be a safe haven with high carry (in G10), while other safe havens are funding currencies. Hence the USD can perform in risk-on moves (as a carry currency) as well as in risk-off moves (as a safe haven). This property makes it hard to crack the USD on the basis of longer-term fundamentals which might be more bearish. Because actually the combination of high inflation, high indebdedness, high current account deficit and high valuation is still dangerous for a currency which is thought of storing value.
Another day, another dollar.
  • #142,717
  • Nov 25, 2021 4:44pm Nov 25, 2021 4:44pm
Quoting pamc
{quote} From what MFXB states, they take data of at least 10,000 traders from EACH broker.
So it's not the total number of each brokers. Wonder if they(brokers) handfully sellect traders they will get or they go by the percentage positioned in giving data. I am interested to know the total numbers(sentiment) of each position. Thanks for the reply.
Only an idiot knows with certainty to where the market is going.
  • #142,718
  • Nov 25, 2021 4:56pm Nov 25, 2021 4:56pm
Quoting Dirty30
Few touches of the upper channel line, making a bet it'll break north. Target is 10 or so pips {image}
Lost the bet, oh well next time
  • #142,719
  • Nov 25, 2021 10:05pm Nov 25, 2021 10:05pm
new type of covid found in South Africa causing currencies to fall like rain. stay safe guys
  • #142,720
  • Nov 26, 2021 12:28am Nov 26, 2021 12:28am
Good morning everyone, I hope you are doing great. I think for today, 1.1228 is the resistance level.
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