EURUSD only

Ok, short entered here at 1.1355. Looking to head back to 1.13.

Happy Trading guys. I hope I'm not interrupting the thread.

IMO, today will close bearish, the drop will probably start from the next 4hr candle. Target is 1.12444

Just want to say out here if your call comes through ur the boss unlikely though

One last momentum setup, long, buy stop 1359, getting out of it if the 1H doesnt close above(UPDATE: the 1H at moment of entry)

Well put !

My third and last live shared long : .1359 buy stop is triggered and my :

Is now at BE.

Attacking last weeks high ? 1380s. For this week to hit the low( 1270s)of last week, and close above it at this point in the trend, would be determinant for the rest of the month for my own strategies. We are still in the eternal and stale range but it would be threatened if price makes it above 1420 and stays there...

Anything can happen, so it is always worth it, in my view, to prepare a calculated reaction to even the least probable scenarios.

That is probably all for me, good night and a merry weekend to you all !

Hi
EoW is not participate?

Hi Alania, If I may, if I am not mistaken, Ata said it would not continue in this new year.

And it is too late now, but it was fun wasnt it! My own EoW would have been a crazy 1382 a couple hours back, but now its late...

I am curious to know what everyone's guesses would have been.

Meanwhile, sharing my Week chart to add to what I have shared earlier and how even the higher timeframes affect my intraday trades sometimes, and with a friend, since it's Friday!

10 pips more needed and the week would miraculously end bullish !

This will be a fairy tale if it ever happens. It won't! Lol...

Oh dear! The foundation for the growth is as solid as a rock. This buy was obvious since last week. Every drop was a buy. And make no mistake, today's high is NOT the high. Next week they may play games but come Wednesday they will fly it up again, and that's if they don't start right off the blocks on Monday.

The clues are there. Always were.

Hang on to your market!

Looking at the 4 hour chart, the market has failed to take out the 11-15-2021 High by roughly 2 pips on 12-31-2021. This will be taken out as sure as night is dark and day is light. On the Daily, 1.1450-60 is a treat to the dealers as this is the candle before the continuation breakdown on 11-15-2021 occured and where very likely lots of sell orders are still sitting. If we zoom out even further, the 03-09-2021 high is also in the vicinity of the breakout zone of 11-10-2021. Although 1.1450 is the beginning of the sell zone for continuation of the long term downtrend, the closeness of potential liquidity points for dealers makes me believe, noone serious will sell until they have the whole jackpot. Still observing but feeling the short term bull pressure lately, i currently dont think selling makes any sense before we didnt hit 1.1500 + minus a few...unless things potentially change. Whatever it is, currently absolutely no time to sell in imho.

You are aware that London closed @1.13418 today. In case it drops ca. 50 pips below that level, all black boxes around the globe will turn on and get as close as possible there today.

If I may ask, what do you mean by black boxes?

AI (Articial Intelligence) - that were used to be called "algo boxes". They snatch market imbalance and act like a market maker. They trade with massive volume during un -liquid times of the market. Taking into account of some important open - close values, such as " week open - previous week close - previous market open & close - previoıs London & NY close and such".

Ca. 50 pips (for EURUSD) is an important value for many of them for any open & close value, you will either meet res or sup. The higher the time frame the more important it gets like any other TA perspective.

Take today's London close for instance, it closed @1.13418, there is a higher chance of getting there on Monday wherever it closes today. It is LON weekly close and it shouldn't be taken lightly. It has connections to many assets, stocks, yielding assets, commodities and such.

Meanwhile, on H1..

It looks like bulls have finally created some supportive buffer area for their next move.. Of course we still could expect dips and retests towards 1.1345 and/or 1.1321, but with the H1 chart in mind, it feels like bulls are good for now and next week their first target would be to break 1.1400 and climb higher.. Time will tell..

*Personally I left 1.1345 still colored as red, because that zone can still turn into resistance.. The road for bulls is not fully cleared yet! Patience!

Happy weekends to all

Placed my SL @ 1.1320. Thus I won't end up losing a thing, +5 pips actually. My TP is 1.1394. My bias is we are witnessing a change of trend. Bulls take their time, but slowly move the highs to the upside. Time will tell as always.

I like all points shared above. I have my own modest views, many of which are very similar.

Now we are in the highs and there is still no definite breakout yet, so in my view, it can drop back down at any moment, at least to the mid-range levels, again, and for the millionth time . It is crucial for me to continue, on top of analyzing the different range levels, to carefully calculate the momentum potential, and volatility potential at this given moment, and for both sides. Easier said than done. As some of you know, in the last weeks, I mostly sold aggressively, and now it is a different story and I wait to get back in shorts for many reasons, many of which were shared by others above, other reasons I have in my other posts. But it could be at any time, just waiting for the right set of short setups to outweigh my long's setups. For me, in sustained ranging conditions like we have been having these last weeks, so many opportunities arise both ways, and price is still stuck in it...
Buying the lows, selling the highs, holding to some just in case this is the time it breaks, buying and selling from the middle levels, and so much more. But who know when it will really end.

But .12to.14 has to end sooner or later, and with every day, probability rises that it will happen, either in the .14s or the .11.
And for now, again, it is more probable that it would be the bulls making it, but as we have seen, it can change again, and this ranging can continue for quite a while still.
Remember sept-oct-nov 2020 and july-august2021, and on many other occasions in the past.
The calm before the storm, before trend continuance or reversal.

Correction might reach the .15s as SirMcPip pointed out. But price could also be heading back to the highs of a much bigger ranging happening, in the .2, the monthly, as it naturally has been lightly shifting up for the last 6 years. Also, history shows that, in such a trend, continuation can happen at any moment; so I try to calculate the probabilities of the different levels to enter and add the proper risk management, amongst other things. I have to be attentive to any new changes and react accordingly and safely.

Austyno's share earlier, is being commented on, which I completely understand and respect both Austyno and comments equally. My thoughts: at the time of his share, it could still have happened. I have seen it happen more than once. Now, no one here has magical powers to know what will happen, but every share is as valuable as the next, in my opinion.
And the most improbable and criticized moves for some, is often the bread and butter for others. I systematically have success with the rarest of price moves, and when it works : silence, when it doesnt : criticism; but the fact of the matter is, reward is much better than the risk taken in the end overall. Anyways... There is enough good insight for everyone I am sure ! So many ways to attack the market and come out of it thriving, not only surviving.
Austyno, this share, among so many, was right on ! : And I like your habit of saying"IMO" In My Opinion, I could use that expression more often !

I love everyone here for your thoughts but as well as for keeping this place civil and respectful. This is Ata vibe we all have and its contagious ! Thanks so much all ! I started sharing here over a year ago and it has its ups and down, more so many more ups!, thank you all you goodhearted respectful and insightful people. These days very little shares but enjoy them even more, a lot of quality for me!, even though it sometimes makes me stick out like a sore thumb (still mainly my own fault, sorry !)

Looking forward to everyone's thoughts again next week, should be an interesting one !
Mates, to you who have read me !! I know my writings are a mess . I was told that very high attention and concentration is needed. Quite funny and even lightly embarrassing sometimes, but I am who I am !
Glass of red wine, Miles Davis, and Bed time ! Cheers all and again, a very merry weekend to all and your loved ones !!!


P.S just closed my 2 remaining shared longs here +24 +11. Probably to reenter next week, as potential is still there for both. My last entry 1359, got closed fast, since the 1H did not close above entry -2, as explained in that trade's post. Above average day for me. I am like a fish in a pond when there are only the tiniest pullbacks, and I was "lucky" none of my sell stops got hit ! Some good some bad, some BEs. As long as we grow on the long term

Very tough week. I'll never trade the last week [two weeks] of December and the first of January, again. Barely managed to save my (ass)ets after being deep under. Closing week -3%. Plenty of stupid mistakes also.

...it just acts different with low volumes.

Edit. The holidays weeks 51, 52 and 1st 2022, I scored 0.44 (emotional catastrophe), 0.99, 0.97. It has brought down my running nine weeks geometric average to 1.1 (+10% per week, compounding) I just was wrong about direction most of times.

Last Friday, by mid session, I was down 20% on the day (50% weekly) with 80% of ops closed at loss (scale in, out, average, hedge, manage the position, so, not single entry-SL/TP like you do, lottery ticket style ). On the rise, after NFP, I even shorted it by misinterpreting a chart! Reversed heavy and managed it right, to close at-3% weekly (+90% from the low of the day, 79/127 or 62% ops, in profit. My broker loves me ...even though they don't show it)

This doesn't apply to most of you, but, FYI, if I traded with zero commissions, I'd have on the account three times as much money as I do... I'd be making super yacht money in a couple of years, easy. If I build up my account and find the right broker with which to negotiate lower costs, I'd be set!!

Sell limit @ 1.13630
all tp adjusted to 1.12640
sl 50 pips