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  • #145,521
  • Feb 16, 2022 3:55am Feb 16, 2022 3:55am
Quoting JBRolim
{quote} {image}
Great trade, this morning hit right in the pivot line 1.1389 had to TP.
  • #145,522
  • Feb 16, 2022 4:49am Feb 16, 2022 4:49am
Based on weekly, current candles are all inside bars of the recent strong bull candle from 2 weeks ago..

I think the bull trend will eventually continue BUT for now: price is still hesitant and in correction mode.. Both sides must trade carefully, but bears a little more!

*Based on H4, 1.1399/1.1404 area is key resistance for now..
Focus only on what truly matters!
  • #145,523
  • Feb 16, 2022 7:00am Feb 16, 2022 7:00am
EU weekly seems so close to the 20MA might see a push after news and 2 bearish days afterward? its even touching 23,60% FIB maybe if we break 1.1400 we might continue till 1.1500 but expect bearish moves by the end of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: EU weekly.png Size: 33 KB
  • #145,524
  • Feb 16, 2022 7:03am Feb 16, 2022 7:03am
Quoting Ata-Turkoglu
Based on weekly, current candles are all inside bars of the recent strong bull candle from 2 weeks ago.. I think the bull trend will eventually continue BUT for now: price is still hesitant and in correction mode.. Both sides must trade carefully, but bears a little more! *Based on H4, 1.1399/1.1404 area is key resistance for now..
definetely agree, made a post about the weekly chart. It will prob retest 1.15. if its denies it might form a double peak pattern.
  • #145,525
  • Feb 16, 2022 7:53am Feb 16, 2022 7:53am
Quoting ScalaFX
{quote} Next sell activated, Trade safe
Taking partial profit rest BE, I think I will be selling every pullback, Trade safe
People don't plan to lose. They lose because they don't plan.
  • #145,526
  • Feb 16, 2022 8:13am Feb 16, 2022 8:13am
eur failed to stay above 1.13700 so it for sell toward 1.1300 again as marcin said i close all my buy i am on sell now
Idriss yani
  • #145,527
  • Feb 16, 2022 9:20am Feb 16, 2022 9:20am
Quoting marcin.kamaj
{quote} Finally i closed all longs at 1.13632 ( maybe it will go littlemore up, but i feel that upper band of desceding channle on D1 will be enough border). Now i will looking for good opportunity to trade shorts. Have a nice evening!
Thanks for the idea you gave us, I manage to TP at 1hr pivot point but today´s move surely gave us tomorrow´s idea.
  • #145,528
  • Feb 16, 2022 10:48am Feb 16, 2022 10:48am
Hi All,

I'm today all day on trip, so fast post from phone.

I'm short now again from 1.1375, my yesterday reasons are still in play, and for extra we once again bounced down from upper band of descendic channel on D1.

SL 1.1405.
TP open.

Have a nice afternoon for All
Everyone makes mistakes, but only few use equity management.
  • #145,529
  • Feb 16, 2022 10:59am Feb 16, 2022 10:59am
Quoting ScalaFX
{quote} Taking partial profit rest BE, I think I will be selling every pullback, Trade safe
BE SL activated, im selling now one more time and higher, Trade safe
People don't plan to lose. They lose because they don't plan.
  • #145,530
  • Feb 16, 2022 1:34pm Feb 16, 2022 1:34pm
Next sell from me
People don't plan to lose. They lose because they don't plan.
  • #145,531
  • Feb 16, 2022 2:11pm Feb 16, 2022 2:11pm
Quoting ScalaFX
Next sell from me
I would be careful with shorts right now. They could easily run this thing through 1.14 on the way to test the highs near 1.15.
  • #145,532
  • Feb 16, 2022 2:15pm Feb 16, 2022 2:15pm
Quoting schaos21
{quote} I would be careful with shorts right now. They could easily run this thing through 1.14 on the way to test the highs near 1.15.
For now price seems far away but if daily closes above 1.14 im definetely will think buys for tomorrow. plus no news will be a piece of cake.
  • #145,533
  • Feb 16, 2022 2:36pm Feb 16, 2022 2:36pm
Quoting schaos21
{quote} I would be careful with shorts right now. They could easily run this thing through 1.14 on the way to test the highs near 1.15.
Why you think so?
People don't plan to lose. They lose because they don't plan.
  • #145,534
  • Feb 16, 2022 2:52pm Feb 16, 2022 2:52pm
Quoting ScalaFX
{quote} Why you think so?
ok... >1.14 not today anymore but...

First, look at the weekly chart.
Second, in the cot the professionals increased their position over the last two weeks and it did not reach any level yet that suggests turning. Do you really think that betting against that is a good idea (safe)? Except you wanted to join the retail kraut aka bagholders. But we know how that ends.
  • #145,535
  • Feb 16, 2022 2:56pm Feb 16, 2022 2:56pm
Quoting zippo22
{quote} ok... >1.14 not today anymore but... First, look at the weekly chart. Second, in the cot the professionals increased their position over the last two weeks and it did not reach any level yet that suggests turning. Do you really think that betting against that is a good idea (safe)? Except you wanted to join the retail kraut aka bagholders. But we know how that ends.
How ?
Half of the time, the market is building resistance and support levels, and
  • #145,536
  • Edited 3:17pm Feb 16, 2022 2:59pm | Edited 3:17pm
Quoting zippo22
{quote} ok... >1.14 not today anymore but... First, look at the weekly chart. Second, in the cot the professionals increased their position over the last two weeks and it did not reach any level yet that suggests turning. Do you really think that betting against that is a good idea (safe)? Except you wanted to join the retail kraut aka bagholders. But we know how that ends.
1,14 Is like 16 pips away and weekly 20MA (White line on my chart) is at that price, don't you think there might be a retracement on that area? DXY even bounced from 61,8 fibonacci. There can be a big change of bears taking over these last 2 days
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20ma eu.png Size: 14 KB
Click to Enlarge Name: DXY FIB.png Size: 10 KB
  • #145,537
  • Feb 16, 2022 3:21pm Feb 16, 2022 3:21pm
Quoting zippo22
{quote} ok... >1.14 not today anymore but... First, look at the weekly chart. Second, in the cot the professionals increased their position over the last two weeks and it did not reach any level yet that suggests turning. Do you really think that betting against that is a good idea (safe)? Except you wanted to join the retail kraut aka bagholders. But we know how that ends.
Im a intraday trader or trend scalper so I dont bother weekly, but when im looking at weekly now I see the bulls must force 1.1525 or 1.1535 then I can say EU is bullish, all under this is bearish for me, PA pushing price down, fundamentals saying down, strong dollar and good data today saying down, so.. time tell like always, trade safe
People don't plan to lose. They lose because they don't plan.
  • #145,538
  • Feb 16, 2022 3:50pm Feb 16, 2022 3:50pm
Quoting ScalaFX
{quote} Im a intraday trader or trend scalper so I dont bother weekly, but when im looking at weekly now I see the bulls must force 1.1525 or 1.1535 then I can say EU is bullish, all under this is bearish for me, PA pushing price down, fundamentals saying down, strong dollar and good data today saying down, so.. time tell like always, trade safe
I understand your operation but see... scalping is a bit like picking pennies in front of a steamroller. And I learned the lesson in the hard way that the underlying weekly trend should not be ignored since it can trigger burst rallies/drops in the lower time frames. And if you are then on the wrong side... ohh boy you get out fast or you stuck with 100+ pips.
In this regard I am full with Ata... at the moment careful with shorts. EUR had the drive to go to 1.15xx already last week before the US started the Ukraine drama. That drive is still there. So shorts should be placed with proper safety in mind. Peace
  • #145,539
  • Feb 16, 2022 4:00pm Feb 16, 2022 4:00pm
Quoting zippo22
{quote} I understand your operation but see... scalping is a bit like picking pennies in front of a steamroller. And I learned the lesson in the hard way that the underlying weekly trend should not be ignored since it can trigger burst rallies/drops in the lower time frames. And if you are then on the wrong side... ohh boy you get out fast or you stuck with 100+ pips. In this regard I am full with Ata... at the moment careful with shorts. EUR had the drive to go to 1.15xx already last week before the US started the Ukraine drama. That drive is still...
This is MM, always protect your positions, set BE when your right or cut losses fast when you are wrong, price wanted so many times your level but dont get this, can one more time but probability of this scenario is no more high, I will be selling too when get there, thats will be super discount take care
People don't plan to lose. They lose because they don't plan.
  • #145,540
  • Feb 16, 2022 4:21pm Feb 16, 2022 4:21pm
Quoting Endoephemera
{quote} {quote} {quote} I had high hopes for this position. Getting too late in the session and not dropping as I expected. Out with acc. +23% weekly (+30% on the day) BTW Athens is synched with the Forex market. Today, in Athens, is full moon, at 18:56, or in the 18*60 + 56 = 1136 minute of the day. Add three minutes because the Greeks are not very punctual and you get 1.139, the price of my short entry. Worked OK but could have been better. Might still drop. It's always been a thing with me, people can't tell when I'm joking and when I'm being...

A win is a win! Haha subbed for the humor and astronomic perspective
Trying my best.
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