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EURUSD only

If bulls can defeat 1.1305, the doors to 1.1400 will open... Otherwise just boredom.. My two cents
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 24.3%
Quoting Ata-Turkoglu
If bulls can defeat 1.1305, the doors to 1.1400 will open... Otherwise just boredom.. My two cents
Quoting mtako
{quote} You are very welcome, and sorry if it was my wording, half asleep... Though I rarely say such things, If I had said to expect price to reach such or such level, it would not be serious. Though far from being an ideal approach, I work more with stages, conditions. Every strategy has its conditions to be met. Many conditions to enter, then other conditions to be met, one after the other, to stay in. When a condition is not met, I close or scale down. In some respect, letting price make the decisions for me as it evolves. On another note. My...
Thank you, kindly!
Good morning, hope you're great. Bears could show some resistance at 1.1308, for today, I think. Overall, bulls will do well, thanks to FOMC.
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Quoting Ata-Turkoglu
If bulls can defeat 1.1305, the doors to 1.1400 will open... Otherwise just boredom.. My two cents
I believe you are no longer bored
Risk comes from not knowing what to do
Seeing bulls becoming everything but fierceful, I closed my long trades @ 1.1306. Now sidelines, even considering going short from here. But I probably won't. Just wait and see.
Quoting SirMcPip
For the short term and looking at the price action of the last few days, it is my opinion that the market will take out this candle top very soon. {image}
Short term chart. Currently Stuck in the middle of the range, chart is self explanatory. Both levels WILL be hit. In my books, the perfect time to stay out. Personally, i am looking to short higher with the long term trend. Lots of downside to come....in my view.
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Quoting yvestrcz
Seeing bulls becoming everything but fierceful, I closed my long trades @ 1.1306. Now sidelines, even considering going short from here. But I probably won't. Just wait and see.
My apologies, bulls. The good thing they've heard me out.
Quoting SirMcPip
{quote} Short term chart. Currently Stuck in the middle of the range, chart is self explanatory. Both levels WILL be hit. In my books, the perfect time to stay out. Personally, i am looking to short higher with the long term trend. Lots of downside to come....in my view. {image}
Zooming out, i have no reason to believe at this point that we will revisit the 1550s as i think that this consolidation zone will be a catalyst for further downside. But its always good to keep it in the back of the mind. When we were up there, retail traders were roughly 70% long if i remember correctly. That is still the same 400 pips further south.
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Sold EU 1.13152, SL and TP open. ECB Could still stay dovish and bring EU down to pressure 1200 handle again
Dollar could remain underpinned by FED for some times to come.. my only concern is December's history of sell the dollar theme

Trade Safe
Happy Trading
Profit is not profit until you BANK it
On first chart (weekly), price has held above the 61..8% level for a few weeks. the second chart shows price staying above trendline. Safe entry would be to wait for price to break resistance at 1.3720 -1.37 area and retests it. I feel a new bullish cycle may be at hand. happy trading
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Booked my longs with +130 pips cumulatively. I have a feeling that Ecb will drop first before rising up.

I have a buy limit at 1.12443
target 1.13989
Sl below 1.11800(I believe we have made the low for this year)

Observe the kind of candle been printed on 4hrs chart. Bull bear, bull bear. It's time for bears, hopefully they activate my buy limit and then the next candle takes it up to 1.13989 from there I will sell.
Risk comes from not knowing what to do
#EURUSD / H4
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Quoting Ata-Turkoglu
If bulls can defeat 1.1305, the doors to 1.1400 will open... Otherwise just boredom.. My two cents
Quoting yvestrcz
{quote} My apologies, bulls. The good thing they've heard me out.
Really nice to come back to this lively positive thread and immediately get a few laughs.

Here is a little history of price's reaction from this level of resistance since its birth. Note: I meant to show this earlier but got sidetracked by a visitor, so this is not a "told you so" share like we see too much of on the web , but seriously, it is not. On the contrary, I think the bulls have even more chance of breaking through this time.

I believe it is self-explanatory, but in case I am wrong, here is just a couple notes :
Black line is the reach when fiery bulls broke through, blue line when the hungry bears did.
50pips to 130.

Important note!: out of all of these attempts at the said resistance, bulls momentum is the strongest here. See movement from lows +"shortness" and quality of pullback prior to and after resistance reach(some here marked by turquoise squares, here are actually the ones of quality that I considered for longs).

SO..Being extra cautious and tightened my 1289 short SL at 1316, to be tightened again soon probably.

For the extra curious out there : main rule used are simple , price has to attack it from low enough to count as 1 : with at least 1 candle high < kC3(keltner Channel lower band) OR wick <= to last 5 trading days' lows.

I wish to all a sharp-minded, disciplined of steel and happy rest of trading day !!!

P.S Loss one of my shorts at this level some 4 hours ago, -17. It lost its potential, so will not re-enter this one.
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If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
{quote}...My 89 was triggered, and can stay overnight. If my 82 gets triggered, it will be with a SL a couple pips above high of the day. If my 73 gets triggered (that low of 5min share), highly doubtful, both above will be at BE. Good night everyone, have good dreams of falling or rising prices, whichever your heart desires . P.S Procrude, very well done on your trade! I hope you took my response to your post for what it was, just laughing with you about your "do not try this at home" expression...
Closed early ! 1303 -14
If I don't mention SL and TP = longer-term setup possibly in the works!
These bulls are freaks, but if they can make it to 1.1325, they'll make my day entirely.
Quoting yvestrcz
These bulls are freaks, but if they can make it to 1.1325, they'll make my day entirely.
really are. I hope they reach your target mate! Price impacting news in 10 minutes. I am completely out till the dust settles.
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
{quote} really are. I hope they reach your target mate! Price impacting news in 10 minutes. I am completely out till the dust settles.
I short since here, I think is time to finish this "party from yesterday" and back to fundamental.

Only ECB, can change my mind if say smt new, suprise.
Everyone makes mistakes, but only few use equity management.
Quoting nic9man
{quote} The ECBs stance is about to change, making the euro a more risky funding currency for carry trades.
That's what I meant. ECB will end PEPP in March. This is relatively less dovish and probably enough to support the euro.
Another day, another dollar.
Quoting yvestrcz
These bulls are freaks, but if they can make it to 1.1325, they'll make my day entirely.
Good Freaky Bulls! I call it a day, Gents!
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