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EURUSD only

Quoting fxsport
{quote} I'll see your 1.0558 and raise you 20 pips to 1.0578
Let's hope 0550s is not, again, resistance right here
If I don't mention SL and TP = longer-term setup possibly in the works!
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Based on a DAILY TF
Quoting mtako
{quote}Let's hope 0550s is not, again, resistance right here
Hope is a bad counselor !
It looks to me that you all want to climb the wall of worry, rather than being patient and vigilant not to be caught by the smart money actors
Not having a trade is also trading though
Observe from the sideline before to shoot
Quoting John4y
{quote} Hope is a bad counselor ! It looks to me that you all want to climb the wall of worry, rather than being patient and vigilant not to be caught by the smart money actors
you made me laugh! Yes indeed, hope, luck, etc. Very bad to be used alone . Perhaps you missed my hidden message. See my posts, I am heavily shorting from .11 to now. But I'm done for a while, explained above... just going with the flow now.

Beautiful trend. The river is calm on its surface but in its heart are the greatest battles.
If I don't mention SL and TP = longer-term setup possibly in the works!
Here it seems to me that every 10 pips someone gives a price on which they should start again.
Sure, sooner or later it will start again, but when?
Now we only have the psychological level of 1.05 and then 1.03 if we really want to see something.
Let's hope so.
Meanwhile, it seems to want to make a double low, if not a new low.

Quoting John4y
{quote} You're a part of the Dumb money players and bottom seekers ! Good for the Smart money players ! "Hope" in Trading business is a very very very bad counselor I see further SL clusters building as Retail Buyers think seeing a bottom
My acc is very large, so it's simple for me to trading.

I want to know where the market going to stop. Examp : 1.052xx or 1.050xx. I need write my code to set buy/sell arrows.
Quoting GianniTI
Here it seems to me that every 10 pips someone gives a price on which they should start again. Sure, sooner or later it will start again, but when? Now we only have the psychological level of 1.05 and then 1.03 if we really want to see something. Let's hope so. Meanwhile, it seems to want to make a double low, if not a new low.
well said mate ! that is the beauty of the markets, I find. Plenty of ways to interpret price, on plenty of timeframes... Fine tuning our reaction is the cherry on top! On most my own timeframes, still no double lows, only new lows... beautiful trailing conditions
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting Ata-Turkoglu
{quote} There he is... and wonderful timing.. Yes these conditions are super rare brother.. let's see if price will be sucked back to 1.0558 to finally throw an anchor into this lake of sh*t..
Sir, i think Duracell is now converted into some solar panel
Quoting mtako
My last short of the year I hope , was prior to my last post, at 0546
Nice rejection here, SL at BE. Maybe last long-term short of the year after all !
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting John4y
{quote} With EURUSD today's Low 1.05448, BB's collected most of Dumb money SL clusters as quoted above Next SL cluster are located near/arround 1.05259
With EURUSD's new Low 1.05250, SL clusters arround 1.05259 have now been consolidated into smart money pockets traders
Quoting John4y
{quote} With EURUSD's new Low 1.05250, SL clusters arround 1.05259 have now been consolidated into smart money pockets traders
I am genuinely interested. What do you mean by that?
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting GianniTI
Here it seems to me that every 10 pips someone gives a price on which they should start again. Sure, sooner or later it will start again, but when? Now we only have the psychological level of 1.05 and then 1.03 if we really want to see something. Let's hope so. Meanwhile, it seems to want to make a double low, if not a new low.
You want to know why?

We are in a bear market for E/U - what does that mean?

The rallies in bear markets are fierce and they "rip your face off" types - mainly because of the short squeeze.

Haven't seen that today...or yesterday....or Friday....so.....
...because you never know!
Quoting mtako
{quote} I am genuinely interested. What do you mean by that?
hello sir after long time today you throw some text but what did you think for bear.
long history but just short.
Quoting tauhidur
{quote} hello sir after long time today you throw some text but what did you think for bear. long history but just short.
Hi Tauhidur! My latest update on my live-shared trades and thoughts are here :
Quoting mtako
{quote} That is the question ! Been waiting a long time for this moment. For me, on the monthly, for the trend to show first signs for changes, from up to down, 1.03 needs be taken out, hence I am holding on to some shorts just in case that happens, and would go on position trading then... Down to the weekly(see chart), it's finally playing in decades low shadows, which has been and will probably even more so be accompanied with heightened volatility on that scale, which forces me to start exiting a first long term short, at last. More will follow,...
If you have any specific question, I will be happy to answer, cheers.
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
{quote} I am genuinely interested. What do you mean by that?
Retail traders (also called the 'dumb money' players) are the only party using SL's to protect their trades forming thus a set of SL clusters around consolidated price setting. Smart money traders from their side have a SL hunting instinct and that what you frequently see to happen in such markets
Quoting John4y
{quote} Retail traders (also called the 'dumb money' players) are the only party using SL's to protect their trades forming thus a set of SL clusters around consolidated price setting. Smart money traders from their side have a SL hunting instinct and that what you frequently see to happen in such markets
Thanks a lot mate. I don't know much about all of that, having always been 99% focused on mechanical trading. If you don't mind, where do you get your info on the SLs used by the "smart money traders", and how do you use it in your own eurusd trading? I am really curious, as I am looking for new trading reading material that is far from what I am used to. Cheers John4y!
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
{quote}Let's hope 0550s is not, again, resistance right here
Too early on that hand. I got suckered into buying a dead mans hand...my bad...

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...because you never know!
Quoting GianniTI
Here it seems to me that every 10 pips someone gives a price on which they should start again. Sure, sooner or later it will start again, but when? Now we only have the psychological level of 1.05 and then 1.03 if we really want to see something. Let's hope so. Meanwhile, it seems to want to make a double low, if not a new low.
I got stopped out from my earlier trade so I'm jumping back in.

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I'm thinking that DXY is due to pull back to 103
Plus I like the divergence on the 5-min chart.
...because you never know!
Quoting fxsport
{quote} Too early on that hand. I got suckered into buying a dead mans hand...my bad... {image}
cheers mate! yes I do that (get suckered into and lose!) everyday to get out or a series of trend positions, out or in a countertrend series.., out or in a ranging series..,

I mentioned it because it had been systematically resisting in those % of retracement for the last +3hours on the 1min and was wondering if it would be a "same old same old" or a "Eureka at last first signs of a bull !" scenario.
If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting mtako
{quote}....decades low shadows, which has been and will probably even more so be accompanied with heightened volatility on that scale, which forces me to start exiting a first long term short, at last. More will follow, as decent enough intraday long setups come my way(I will not go long, but rather simply close a short)....in these weekly lower shadows, even if momentum + volatility is ripe for more shorts on 1min-weekly...
Quoting mtako
Sold 4 pips SL !
Quoting mtako
{quote} SL moved at BE (1.10859).
Quoting mtako
{quote} .... I have to finally stop selling aggressively and Trail one SL from the 30min high break as we speak, for the very first time this month! ...
Finally a first long-term short closed here +545, 34 positions to go!
If I don't mention SL and TP = longer-term setup possibly in the works!
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