EURUSD only

Yes I planned an early month end. Thanks a lot for the encouragement mate !

SL higher, 15pips, but moved at BE if my next sell stop is triggered: 1.08736

This is where you DONT give us a 1min higher low, right here, surprise one last time, even though its too late, Monday, big news tomorrow... Do the improbable, like you love to do now and then.

Sell stop 088876 . Never too late to definitely close that weekend gap

usdx 99.93 breaks and hold to start next leg down signal. so careful bears eu. eu not reacting in same pace as usdx doing , otherwise it should have test near previous bottom , at least below 0865 , not happening as per ! , may still range before settle though

Oh yes it is got 2 new losses and still selling.. Sold here 08929

sell stop 08919 08902. What are you doing?!

I forgot ! Last but not least, sell stop 08850. Most of these tiny range entries sometimes hide great potential. Not often, and probably not now, but lets see.

Can you believe this one survived while my 7pts lower SL, for my 0895 trade, got stopped at BE ?

As I explained earlier, probability got too high it was getting into ranging, hence here the probable top... As crazy as that sounds, it could just as well end the day right in this range's lows <0880. Yes, you guessed it right, I am at this very moment, sleep trading. Works out great when price moves far enough when news comes and no wicks counter-trend happen. So we'll need an Asian miracle.

Monthly Harmonics painting, painted last week Friday. 8500 area is a critical level we ought to watch out. We anticipate high volatility. The bulls may just get charged up.

Daily S/R Levels for Tuesday

So far, bears had nice momentum to drag this consistently down, BUT in the last 3-4 days this momentum has weakened and we can see a sneaky sideways breakout from the steep red trendline... Therefore:

1. In coming days bears might want to continue lower to reach 1.0780 area but the weakness of momentum could give bulls the opportunity to strike back (i.e. potential double bottom)!
2. Environment is bearish for sure, but I am still expecting a bullish attack to 1.0920 area and only if that fails we could speak of bearish continuation.. I wouldn't take the drop for granted!
3. Intraday wise, I see 1.0875 as nearest support and 1.0920 as nearest resistance!

I hope it helps

Currently we are down... looking for short scalps

Welcome buddy, it's been awhile

Dollar index reach 100 level euro become will continue bears at 1.07

Good morning, sweet dreams, good night

I just finished a powernap, stretched, now having a quick bite to eat while making sure shorts SLs and levels are well updated, and getting ready to go back to bed.

This could very well be ranging mode in disguise, just lightly shifting down on the 1H, ready to go right back up to, at minimum, mid-high (.090x)We can't have it ranging here, and just one more 15min closes below days low would increase the chance that ranging will not continue, at least not in this session. But a good 1H close below would be a bit better. 0950s60s should be very Strong support ! We need 4H momentum to gather some 4H growing volatility to break it right through both ! So far so good, but it is still too early in the 0867 is holding. Seems obvious, but I find very important nonetheless that, the longer we are <0880, the more probable we will get <0850

My last 5 shorts could be interesting to talk about since, at first glance, it seemed reckless. I will be glad to expand on them a bit later, as I believe I have not shared such tight range, declining volatility in momentum setups before. But for now, quick update only, all my >0880 shorts SLs are at BE, sorry for the late update...

And, just got two triggered today Finally triggered!and my 4H setups:

Quoting mtako

Disliked

Sell stop 1.08688 and 1.08582, the 4H candle that triggers them has to close below them both or I am out of those two... This could be a very fine 4H momentum in trend trade !

Ignored

and still have one more sell stop still not triggered, 08582
Quick note about these 4H setups. To be clearer : each can have their own 4H. when 08688 is triggered, the 4H that triggers it has to close below 08688 and, if not, only that one is closed. Same thing for the 08582. Both are independent of each other. Only IF they are both hit by the same 4H will the candle have to close below both and, if not, both are closed. Hope that is clearer.

My Closest TP is 0835.

Wishing you all a great Tuesday start, big news day !
Back to zzzzzzzzzzzzzzzzzzzzzzzz

SL, what’s that?

SL is 500 pips away! Seriously. I’m running a prop firm account which requires SL on every trade…but they don’t tell you where you have to put it, just that you have to have one or the system cancels the trade. So for small swing positions like this, where I need the trade to have extra breathing room, and also room to add on, I keep it far far away. For all intents and purposes there’s no SL, because I have a general idea of where price is going based on the market structure, and where I’m going to get out if I’m wrong, (probably somewhere in the high 1.10’s if it suddenly decides to rocket up there). If it breaks significant structure in my desired direction then I would at least move SL to BE.

If this were a daytrading position with a big lot size and targeting high RR (1:10 etc), then I would keep a tight SL. I’ve gone as low as a 1.3 pip SL.

Unfortunately because of my work schedule I can’t really daytrade EU because it would require me to be glued to the screen for at least 1-2 hours straight, so I’ve switched to swing trading for this pair during the week. RR is not really a consideration for swing positions. Very occasionally when I’m not too busy I’ll try to daytrade this pair.

Anyway, added another short earlier this afternoon at 0887.

resistance? Sell stop 1.08666 .08616 7 pipsSL

Very strong signal for reversal BUT need to wait for H1 to close (for confirmation)

Thank sir