EURUSD

Quoting fontu

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{quote} anything can happen now , so may need more flexible in trading further . take care {image}

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Quoting ICouldBWrong

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{quote} I agree. Anything could happen. These are times of substantial uncertainty. My current bias towards longs is simply based on good risk reward. If it happens to go against me, it's not a problem. I might consider shorting at that point, although most likely only for scalps/short term. Any positive news regarding the Russua/Ukraine situation likely sends this pair climbing back up pretty quickly.

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Quoting ICouldBWrong

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Here's a chart that every trader or E/U needs to be aware of, whether trading long or short term. This is a monthly chart going back to 2002. Yes, trend lines are not an 'exact science'. There are often numerous trend lines and channels within different timeframes and of varying degrees of importance. There are also various methods of drawing them (based on connecting highs/lows or closes, or most touches). They are not perfect and stocks or currency pairs don't always not precisely on these trend lines. However, the higher the time frame, the more...

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Quoting T721

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{quote} lmfao , dont spend anymore money. i have probably 100k worth of material. more than you will have time to learn. you can dig it out yourself if you want. its in my telegram vaults. its not a chat room just all educational stuff like i shared here, but takes forever to go thru

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Quoting fxpipper

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Well shit...they didn't waste any time picking up where they left off, filling the rest of that daily demand zone. On the way to the next one. 1.06 here we come. (Maybe). {image}

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Quoting moondoggie

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{quote} Right? Like a bat out of hell Currently holding shorts from last week and looking for opportunities to add more sells If you have time, any chance you could explain why you picked 1.06 as a key level?

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Quoting fxpipper

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{quote} I would be careful adding shorts at this time. It's 6:30 Sunday evening, and this type of immediate down move can't be trusted to be anything more than a liquidity grab. Goading sellers and then shooting back up. 1.06ish is the next (unmitigated) daily demand, created in April 2017.. {image}

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Quoting moondoggie

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{quote} I see what you mean! Thanks for the fair warning, mate I closed my shorts just now actually, since momentum is slowing down just like you said. I'll be on the lookout for how high this (or sideways) this correction/retracement goes. But with times like this with such extreme movements, it feels really tricky to find a level haha. And thanks for sharing your perspective on 1.06! It makes sense

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Quoting fxpipper

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{quote} Good man. Shouldn't be trading this pair in early Asia anyway, especially Sunday evening, unless you're already in a swing position. Plenty of opportunities to come in London and NY. I rarely trade Sunday evenings, unless it's the JPY pairs. But I do more session trading anyway. That's just me.

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Quoting moondoggie

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{quote} Ahh yeah, I was short from 1.09xx from last week. I guess I felt like I wanted to eat meat on a Monday, that's why I closed too haha Anyway, there will definitely be more opportunities upcoming. Great tips mate. Very helpful advice! Is there a specific reason why you're willing to trade JPY pairs Sunday evening? Is it because of the Australia and Asia openings?

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Quoting gatorinla

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If bulls cant mount some defense 0835 area. It opens up a door to .07xx

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