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  • #144,561
  • Edited 11:04am Jan 31, 2022 10:54am | Edited 11:04am
Closed ALL remaining shorts <1418, starting from 1230s. will spare you the counted pips ! since 15min bear volatility growth was just broken in bulls steady 1H momentum! in countertrend setup = attacking 1230s now too probable, so closed remainder of my shorts from
Quoting mtako
...I have an old .1418 sell limit still in effect..
to
Quoting mtako
..Shorting : Sell stop 13061 SL1325(protective stop for all my shorts now is at 1367), and will sell every open-2ticks of every single 15min candle... {image}
, and all rest under and in between..

>3 return/drawdown for the year up to now. Much higher than my average. Very satisfied after much patience through drawdown and many losses. Don't be fooled by this high ratio, by the time the quarter is over, that will surely be down floating my usual 2.

Boy ! How to share proudness without looking like a gloating fool, in that, I am terrible !

Now I can answer your good question dear fellow trader, Niily. Sorry for the delay.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,562
  • Jan 31, 2022 11:02am Jan 31, 2022 11:02am
I resell now at 1.1210, Sl 1.1235, TP open ( we will se what will be on 1.1160-70 zone)
Everyone makes mistakes, but only few use equity management.
  • #144,563
  • Jan 31, 2022 11:18am Jan 31, 2022 11:18am
Quoting Ata-Turkoglu
{quote} With current momentum that target is not a crazy idea.. BUT I like to go step by step.. First we must see how 1.1240/50 resistance will act.. Again: I think bears still have some words to say! Best wishes
I'm still overall heavily bearish in the bigger picture, but I'm thinking it should get to 1300 this week. Maybe before NFP. Will buy/sell as opportunities present themselves.
  • #144,564
  • Jan 31, 2022 11:28am Jan 31, 2022 11:28am
Quoting Mitiblotch
{quote} Shorts? Lol... I have not used the sell button since Friday? So which shorts are you referring to? I was long since Friday. And last TP was 1.1200. Check my posts. People who know me know I don't short on a Monday when NY sold the previous Friday. I sold the brother of this pair today and cashed 28 pips there and the only reason I went short on that pair was because NY sold into the close. But this pair, I hardly ever short a Monday which comes after a bullish Friday. Today for me: just one trade on a different pair. And it gave 28pips....
The fact you dont take into account friday close and monthly close having to demonstrate economic reality and are focusing on m15 to try and prove an invalid point saying i was lucky says it all man its kkay you have your strategy i have mine mute button does wonders in this forum for wanna bes
  • #144,565
  • Jan 31, 2022 11:43am Jan 31, 2022 11:43am
Quoting Kyuu
{quote} Exactly as planned. TP here at 1.135 for 330 pips, going long now If we go up, I'm expecting either straight back up or a W where we go back to 1.12, make one more lower low, then up {image}
Again so far so good just as predicted, taking my profit long here at 1.1215 for 80 pips (410 pips total now). Going short for a lower low before going long again!

Mental stop at 25 pips above. Kind of a greedy trade, but my gut tells me that if I hold my long I'm going to get stopped somehow before it actually goes up again. Expecting a W on the daily or something like this so I will long again around 1.085 ish and TP my short there.
  • #144,566
  • Jan 31, 2022 11:45am Jan 31, 2022 11:45am
Kids everywhere. You try to teach them how to trade and they start throwing tantrums, even telling blatant lies about my trades just to make a mute point. You cannot help such a person! No, not at all.
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  • #144,567
  • Jan 31, 2022 12:02pm Jan 31, 2022 12:02pm
Quoting fxpipper
{quote} I'm still overall heavily bearish in the bigger picture, but I'm thinking it should get to 1300 this week. Maybe before NFP. Will buy/sell as opportunities present themselves.
I have same bias.. And starting from around 1.1280 I see strong resistance based on daily... Let's see.. before all that, as I said before, we must see how 1.1240/50 resistance area will act.. Best wishes
Focus only on what truly matters!
  • #144,568
  • Jan 31, 2022 12:03pm Jan 31, 2022 12:03pm
Like a sore thumb
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  • #144,569
  • Jan 31, 2022 12:04pm Jan 31, 2022 12:04pm
Quoting Niily
{quote} Why are you buying at resistance?
Hi Niily, thanks for asking, this is a very good question to me. As that level is a very significant resistance level for me too, and makes it all the more important if it is broken. And for now, as long as price is above it (1199 is the center of it, for me, so not quite there yet!), with this momentum and volatility, bulls have room up still. Does it mean they will, of course not, just that there is enough of a risk/reward possibility in a way that the trader in question know of worth it on the long run with this particular setup of his/hers.

So, in my experience, and in regards with my own systems of setups, as there are countless ways to attack countless scenarios, and as it is not easy on the long-term, with all the changing dynamics; or everyone would be a trillionaire

For me, at this moment, for reasons above but also for similar reasons I sold at supports aggressively from 1306 to 1195 last week(see previous post for quote if interested).

Important for all this to be worth it : Momentum and volatility, and evolution of move in question, and many other factors you can get more insight by going through the bulk of my posts. In this case though, it was with a counter-trend approach. Also, we are at crossroads here for me, ranging and breakout potential are pretty equal still. So this could very well be top of range and we could be going back down. But one thing at a time. I rather react late and exit early, for most of my setups.....
Regarding buying at resistance, one has to know its strength compared to strength of move, as well as when and how to approach it all, and proper mm possible at that very moment, adapted to each type of setup. Traders have been trading this way and so many other ways that seem not to make sense at first sight. Keeping an open mind like you can open new doors for new strategy development for adding to diversity(have I mentioned, extremely important for me)
So with the right conditions and plan, just as many opportunities buying tops and selling bottoms, and more often than not these can be considered resistances and supports, depending on the perspective. It is important for me to diversify. On the long term, it helps keeping my return/drawdown above a certain level, which is my main concern.
See also this, on my views on what bulls can do if they take it :

For anyone interested, I shared my view earlier in the day, here, on why bears are not as strong as they seemed to me, and why I was scaling down early instead of keeping all at BE, and why I was being more cautious with my shorts, as long as price hadn't played under last weeks lows :
Quoting mtako
.. a single 1 day drop beyond the most important daily support(held 45 days!), and it is at June 2020 resistance-to-support levels that preceded the strongest rise since 2 years of steady downtrend, a rise to .22. Only one day move like this is nothing to get too excited about for me and could just as well be the low to bring it to the highs again. Let's just remind ourselves what the bulls just did prior to this(12thJanuary). Exactly, one day close above the top of the 45 day range, and now the same is done by the bears. Will only...
I hope Niily this answers you question.

Quoting Lyn101
{quote} Currently In my range to short, got scared of the strong bull move in to the zone. Not sure if it is bears waiting and lurking around the corner or bulls bullying their way through these levels. Only time will tell, paying close attention. Still have the funny feeling of eurusd entering back in range mode. {image}
If you were talking about the same range mode as the last many weeks, I think you got a good feeling. But time will tell.

Quoting MrGuy
Can it break (and hold above) 1.12? I personally hope so.
As bulls and bears are fighting exactly where you have been hoping. Good luck mate !

Loving your whole exchange mates ! :
Quoting Mitiblotch
{quote} Shorts? Lol... I have not used the sell button since Friday? So which shorts are you referring to? I was long since Friday. And last TP was 1.1200. Check my posts. People who know me know I don't short on a Monday when NY bought the previous Friday. I sold the brother of this pair today and cashed 28 pips there and the only reason I went short on that pair was because NY sold into the close. But this pair, I hardly ever short a Monday which comes after a bullish Friday. Today for me: just one trade on a different pair. And it gave 28pips....
Quoting Windstrown
{quote} The fact you dont take into account friday close and monthly close having to demonstrate economic reality and are focusing on m15 to try and prove an invalid point saying i was lucky says it all man its kkay you have your strategy i have mine mute button does wonders in this forum for wanna bes
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,570
  • Jan 31, 2022 12:14pm Jan 31, 2022 12:14pm
Quoting Windstrown
{quote} The fact you dont take into account friday close and monthly close having to demonstrate economic reality and are focusing on m15 to try and prove an invalid point saying i was lucky says it all man its kkay you have your strategy i have mine mute button does wonders in this forum for wanna bes
Quoting Mitiblotch
Kids everywhere. You try to teach them how to trade and they start throwing tantrums, even telling blatant lies about my trades just to make a mute point. You cannot help such a person! No, not at all. {image}
Oh nooo, sorry to hear mate, I didnt think it was going there. I was appreciating your exchange. I thought both were bringing interesting points. I think he got confused as to who sold and who bought, and would apologize, but instead pulled back. But other than that, the rest was interesting and I like just taking the chocolate in the middle of the . Hope you didn't get my previous post wrong...

Anyways, no need for insults here, keeping civil is Ata's rule. Like seeing you here, loving your posts up to now ! Sincerely wishing the best to you both.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,571
  • Jan 31, 2022 12:19pm Jan 31, 2022 12:19pm
Quoting mtako
{quote} Oh nooo, sorry to hear mate, I didnt think it was going there. I was appreciating your exchange. I thought both were bringing interesting points. I think he got confused as to who sold and who bought, and would apologize, but instead pulled back. But other than that, the rest was interesting and I like just taking the chocolate in the middle of the . Hope you didn't get my previous post wrong... Anyways, no need for insults here, keeping civil is Ata's rule. Sincerely wishing the best to you both.
No problem. Thanks. Meanwhile as we speak we are just around 1.1230. It was just a simple advice. Lol... Good shorts will be around 1.1230-50. In fact, to be precise around 1.1240-80 area as Ata mentioned. These things are easy, man. The only mistakes I make is when I just enter early for Fear of Missing Out, if not, it is easy to pick out these target areas. From 1.1240-50 or few pips below it, it is easy to enter a good short for a hit of daily pivot tomorrow.
  • #144,572
  • Jan 31, 2022 12:19pm Jan 31, 2022 12:19pm
Wave 3 by all standards
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  • #144,573
  • Jan 31, 2022 12:20pm Jan 31, 2022 12:20pm
Now I am short half a position at 1.1225. Stop some 80 pips higher. TP open
  • #144,574
  • Jan 31, 2022 12:39pm Jan 31, 2022 12:39pm
Wow, bulls are keeping us busy much longer than anticipated Going for 1250. Will the day close back inside the old range ? That possibility is what if affecting my trading a great deal. Many longs could survive at BE a long time till it plays in other end and decides if it continues or not from at least >1320.

I am now physically and mentally split in two.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,575
  • Jan 31, 2022 1:56pm Jan 31, 2022 1:56pm
And here comes 1.1240 as promised. Good job done by bulls. Now shorts can step in if they want/can. From here to 1.1250 should offer some pips to shorts hopefully.
  • #144,576
  • Jan 31, 2022 2:06pm Jan 31, 2022 2:06pm
So, are we going back in deep enough into the monthly range? For me, the danger's potential for bears really starts growing from 1270s. Going back there from lows has always been a cause for concern when I had shorts. This is where, among other levels, if bulls make it, everything could change, again.

So if bulls make it, is price going back in the middle? But which one, .13 .1450 .169 ? And those are just mid-ranges... Wooo let's not get ahead of ourselves. Bearish 6H to weekling momentum still fine ! But lets not underestimate ranging conditions from which we are still not completely out of.

Quoting mtako
{quote} Closed and bought 1194! 1H countertrend too strong!
Quoting mtako
Buy stop 1204 ! Didnt forget you Niily, answering your question after managing a few more positions.
Quoting mtako
.. Buy stop 1209 + buying 2ticks above every 15min candle OPEN with stop under low of last 30min. Every second last SL moved at BE.
And finally I am done! And aggressive mode is over. Just lost a couple of them. Stopping because volatility shrunk for 30min at last, and after an 11hours non-stop 30m-volatility growth as per my setups.

All my positions (16), have SL at BE except myover 1224 positions, which all have new SLs, temporary, at 12179. To be at BE if 1250 is hit

1250, as I shared earlier, could be already back too deep into the old range, or the last bull standing. One step at a time, lets see what happens from here.

Good night folks and worthy bulls !!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,577
  • Jan 31, 2022 2:24pm Jan 31, 2022 2:24pm
I buying now with SL 1.1220 TP 1.1300, risk trade but worth
People don't plan to lose. They lose because they don't plan.
  • #144,578
  • Jan 31, 2022 2:38pm Jan 31, 2022 2:38pm
Quoting marcin.kamaj
I resell now at 1.1210, Sl 1.1235, TP open ( we will se what will be on 1.1160-70 zone)
I was going to ask you not to short. But got back to my desk too late. Strong buying patterns from 12115 to 12175
  • #144,579
  • Jan 31, 2022 2:39pm Jan 31, 2022 2:39pm
Bulls most likely done. Or perhaps they want to see 1.12624, and then they go to bed.
  • #144,580
  • Jan 31, 2022 2:40pm Jan 31, 2022 2:40pm
Quoting marcin.kamaj
I resell now at 1.1210, Sl 1.1235, TP open ( we will se what will be on 1.1160-70 zone)
Now you can short
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