EURUSD only | Page 7238 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

  • #144,741
  • Feb 2, 2022 10:46am Feb 2, 2022 10:46am
1.12946 holding well so far. It is pretty uncertain as for what's gonna happen next. Bulls not done entirely and I expect resumption of their stride earlier today.
  • #144,742
  • Feb 2, 2022 11:02am Feb 2, 2022 11:02am
Ton of pro activity in the last 4 hours
Attached Image (click to enlarge)
Click to Enlarge Name: EUR43353.png Size: 44 KB
  • #144,743
  • Feb 2, 2022 11:24am Feb 2, 2022 11:24am
This is war now, late hour but bulls and bears fighting for money who win? Time will tell, im half bear half bull
People don't plan to lose. They lose because they don't plan.
  • #144,744
  • Edited 11:43am Feb 2, 2022 11:32am | Edited 11:43am
Quoting yvestrcz
1.12946 holding well so far. It is pretty uncertain as for what's gonna happen next. Bulls not done entirely and I expect resumption of their stride earlier today.
Nice to see you Yves! Well expected. I m leaning more towards bulls now also, since 90s held too long.

We are at first obstacle right now for me 1305-1310, next would be1318-20 for me, which I believe is most probable top of range if we range for the rest of the day. We now so often get ranging, but for today, I'm keeping my eyes peeled.

Closing the day above 1330 would be beautiful. Above 1315 would be just as good but with a bit less mystery. Above last week's high so fast after the drop, and I am not talking only about this drop, just mindblowing. Got close ! Wait, day is not overrrr.

Anybody else having crazy thoughts about what could still happen with this now seemingly dying price?

Quoting ScalaFX
This is war now, late hour but bulls and bears fighting for money who win? Time will tell, im half bear half bull
Mister half and half then. I think also that if there is no new 90s attempt, bulls have the time to surprise a little more. But 90s re-attempt is most probable in this situation. Not your usual probable outcomes filled day though.
Attached Image (click to enlarge)
Click to Enlarge Name: download (18).jpg Size: 59 KB
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,745
  • Feb 2, 2022 11:48am Feb 2, 2022 11:48am
With current bullish flow we have 3 daily bullish candles in a row.. Now there could be many expecting more highs and I would agree, BUT just keep in mind that 1.1320 area is fib 50.0% on DAILY... Anything can happen from here --> a) more upside.. b) bounce down or c) just a sideways boring stall.. I personally call it a day for now to hopefully continue after London opening.. No rush!

*Also keep in mind that we have a new NFP Friday in two days..

My two cents
Focus only on what truly matters!
  • #144,746
  • Feb 2, 2022 1:25pm Feb 2, 2022 1:25pm
Quoting Ata-Turkoglu
With current bullish flow we have 3 daily bullish candles in a row.. Now there could be many expecting more highs and I would agree, BUT just keep in mind that 1.1320 area is fib 50.0% on DAILY... Anything can happen from here --> a) more upside.. b) bounce down or c) just a sideways boring stall.. I personally call it a day for now to hopefully continue after London opening.. No rush! *Also keep in mind that we have a new NFP Friday in two days.. My two cents
and also keep in mind that tomorrow is ECB Conference and in last week was created some "mood" that ECB will be more hawkish and give any singal about rise interest rate in EU in this year ( in my opinion that was a spark for this move of EUR in last 3 days).

So if tomorrow on ECB Conference will nothing new about itnerest rate in this year then market will be disappointed and we can see fast move in south direction.

Generally trade very carefuly tomorrow and on Friday.

Have a nice evening for All.
Everyone makes mistakes, but only few use equity management.
  • #144,747
  • Feb 2, 2022 1:38pm Feb 2, 2022 1:38pm
Nice little short from 1313. Got as low as 1306 but I closed around 1308 after it bounced up. SL was only 1.5 pips so I scored a nice RR of 1:3.4. The thing is with these ultra tight SLs you're always on pins and needles while the price remains in the vicinity, and any small spike against your position will startle the hell out of you. But the RR potential is ungodly with this style of trading. I've seen people score 1:20, 1:30 and way beyond. That's the norm in the "smart money" world. I'm just not quite at that level yet. One day I'll get there...when I develop balls of steel.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2022-02-02_14-34-05.png Size: 45 KB
  • #144,748
  • Feb 2, 2022 2:39pm Feb 2, 2022 2:39pm
Quoting mtako
Nice to finish most of the days work early. Needed that. {quote} Yes could be very dangerous, I believe so also, and even for intraday. And for both bulls and bears. I actually had to factor it in when refusing short setups in this bull move x times and also to manage existing positions and prepare future ones, as price was getting deeper and deeper inside last weeks high this early and fast and from such depths. We know it can get much scarier still. But maybe there is a pot of gold at the end of that weekly rainbow . What is the high of last...
Pleasure to also make your visual acquaintance, MTako!
  • #144,749
  • Feb 2, 2022 2:46pm Feb 2, 2022 2:46pm
Quoting marcin.kamaj
{quote} and also keep in mind that tomorrow is ECB Conference and in last week was created some "mood" that ECB will be more hawkish and give any singal about rise interest rate in EU in this year ( in my opinion that was a spark for this move of EUR in last 3 days). So if tomorrow on ECB Conference will nothing new about itnerest rate in this year then market will be disappointed and we can see fast move in south direction. Generally trade very carefuly tomorrow and on Friday. Have a nice evening for All.
You bring up a great point about the ECB meeting. I've read that people are talking about a "hawkish" ECB based on the latest data; I say baloney! The ECB numbers don't mean squat to the EU as they intend to keep rates at/near zero for quite some time. It helps their exports.

That is why I've kept my EU short way too long. Honestly I forgot to place a stop yesterday and by the time I returned it had violated my stop and so I just held on and actually cost averaged down as well.

I would expect some consolidation thru the Asian session until the ECB meeting. PERSONALLY, I expect it to be a buy the rumor and sell the fact. However, whatever the move tomorrow it will be short lived because of the NFP the following day.

Lessons learned - place those emergency stops!!! (Especially when going to the gym).

Full disclosure I'm short from 1.1245 and my emergency stop is now 1.1350! Yeah stupid of me!!!!

Good night all and good trading.
...because you never know - until you do!
  • #144,750
  • Feb 2, 2022 2:48pm Feb 2, 2022 2:48pm
Quoting ScalaFX
This is war now, late hour but bulls and bears fighting for money who win? Time will tell, im half bear half bull
Darn do I know THAT feeling!

Attached Image (click to enlarge)
Click to Enlarge Name: halfbearhalfbull.jpg Size: 270 KB
...because you never know - until you do!
  • #144,751
  • Feb 2, 2022 3:26pm Feb 2, 2022 3:26pm
Quoting fxsport
{quote} Darn do I know THAT feeling! {image}
Perfect picture! Im stealing this yes, everybody here was that not one time, overall Im more bear but watching close bulls preasure, We are under bearish trendline from D1 so the main trend is still down, today bulls touched this and h4 sma200 holded well, so We must wait some time and price will tell ( I hope so ) witch way they going
People don't plan to lose. They lose because they don't plan.
  • #144,752
  • Feb 2, 2022 3:33pm Feb 2, 2022 3:33pm
Quoting fxsport
{quote} You bring up a great point about the ECB meeting. I've read that people are talking about a "hawkish" ECB based on the latest data; I say baloney! The ECB numbers don't mean squat to the EU as they intend to keep rates at/near zero for quite some time. It helps their exports. That is why I've kept my EU short way too long. Honestly I forgot to place a stop yesterday and by the time I returned it had violated my stop and so I just held on and actually cost averaged down as well. I would expect some consolidation thru the Asian session until...
There is a good probability your short gets recovered and going into profit in several hours.
  • #144,753
  • Feb 2, 2022 9:26pm Feb 2, 2022 9:26pm
Early morning folks,

Finally bulls brought it slowly out of probation territory, now is ripe to get back into the game after some very natural ranging.

Subtle hidden divergence on the 1H + resistance break attempt with fresh blooded volatility from the 5min got me a first long entry at 13026.

Good and happy trading day to all !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,754
  • Feb 2, 2022 10:27pm Feb 2, 2022 10:27pm
Here image to go with my previous post. Similar than my recently shared setup that hit its 2TPs. 2nd round or 1st failure? You can find more details here if interested:
Quoting mtako
Morning dear fellow traders , Woke up to a nice hidden divergence in momentum on the 30m. These can present nice tight SL opportunities...
For this one, a 1H close below 1289 and a -1pip of that candle's low would be SL, but not cancel the setup itself. Position would be closed but one possible reentry would still be accepted in this case, from the first macd cross in the negatives+1pip ; different situations could cancel it entirely before a 2nd entry can even be triggered.
Quoting yvestrcz
{quote} Pleasure to also make your visual acquaintance, MTako!
Dear Yves, morning. Sorry to say that is not me, as he is a fine looking chap. I just found a similar stare to go with what I was expressing, from unsplash public domain website.
Quoting fxpipper
Nice little short from 1313. Got as low as 1306 but I closed around 1308 after it bounced up. SL was only 1.5 pips so I scored a nice RR of 1:3.4. The thing is with these ultra tight SLs you're always on pins and needles while the price remains in the vicinity, and any small spike against your position will startle the hell out of you. But the RR potential is ungodly with this style of trading. I've seen people score 1:20, 1:30 and way beyond. That's the norm in the "smart money" world. I'm just not quite at that level yet. One day I'll get there...when...
That is my style ! and for many of my strategies. Good to note wins ~<50%, but it is much better on the long run for me, keeps return/dd happy and stable. You had a perfect entry with your short shared above, just beautiful scalp mate.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (6151).png Size: 105 KB
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #144,755
  • Feb 2, 2022 11:05pm Feb 2, 2022 11:05pm
Hello everyone! Today can be crazy tomarrow too so keep safe trading, put your SL and dont panic, we can go both sides with one hour, for me ideally setup will be back to 1.122x and go up for new hights wish you luck
People don't plan to lose. They lose because they don't plan.
  • #144,756
  • Feb 2, 2022 11:31pm Feb 2, 2022 11:31pm
Quoting ScalaFX
Hello everyone! Today can be crazy tomarrow too so keep safe trading, put your SL and dont panic, we can go both sides with one hour, for me ideally setup will be back to 1.122x and go up for new hights wish you luck
Yes, 1.1226 is in the picture. Only I don't know if the criminals will let it come that way. I need to TP my shorts at 1.1254 precisely. After that they can go and blow themselves up.

Edit: I moved all my TP to 1.1240. I also banked my 1300 and 1.1314 shorts, leaving the one from 1.1285.
  • #144,757
  • Feb 2, 2022 11:46pm Feb 2, 2022 11:46pm
Quoting ScalaFX
Im opened shorts too at GU, tight stops, lets see now it play
Closing with nice profits, thats not my favourite pair so Im going there only when I see strong signal like yesterday
I think from here can bounce some but Im out
People don't plan to lose. They lose because they don't plan.
  • #144,758
  • Feb 2, 2022 11:50pm Feb 2, 2022 11:50pm
Quoting Mitiblotch
{quote} Yes, 1.1226 is in the picture. Only I don't know if the criminals will let it come that way. I need to TP my shorts at 1.1254 precisely. After that they can go and blow themselves up. Edit: I moved all my TP to 1.1240. I also banked my 1300 and 1.1314 shorts, leaving the one from 1.1285.
Mitiblotch, good decision I think, money management is one of the keys to stay alive in this business
People don't plan to lose. They lose because they don't plan.
  • #144,759
  • Feb 3, 2022 1:25am Feb 3, 2022 1:25am
75/55 looks like will print.
Founder of Sutherland Wave Principle
  • #144,760
  • Feb 3, 2022 1:41am Feb 3, 2022 1:41am
Till now all good, stops at BE, last short from 1.1300 lets ride this Baby, trade safe..
People don't plan to lose. They lose because they don't plan.
383 traders viewing now, 4 are registered:
,
fmtrad3r
,
Ata-Turkoglu
,
Ar.Nabeel