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Attachments: BV Style - M5 PA + 25 EMA on EURUSD
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BV Style - M5 PA + 25 EMA on EURUSD

  • #201
  • Aug 22, 2022 3:00am Aug 22, 2022 3:00am
Attached Image (click to enlarge)
Click to Enlarge Name: UK WIndow 39 pips.png Size: 7 KB
Empty your mind and let the market guide you
  • #202
  • Aug 22, 2022 3:16am Aug 22, 2022 3:16am
Quoting Ftmochan
Nice thread SunnyCoast. Have been trading very similarly for the past years. Cheers. Chan.
Hi Chan.

Sorry, I only just saw your post!

Thanks for stopping by. Great to hear you've been trading a similar method. Feel free to post anything you want as this is more of an open discussion than a journal.

Have a great week in the markets if you are trading this week.
Empty your mind and let the market guide you
  • #203
  • Aug 22, 2022 3:19am Aug 22, 2022 3:19am
Quoting Ftmochan
{quote} I have been reading your thread and posts without being a member. New to Forex Factory but not new to trading. Also been trading this strategy with multi currencies and futures but now only trades with EURUSD and GBPUSD, yes there are bounds to have losses and winners along the way, part of trading but risk management is still the key in any trading strategy. My stops is also at 10 pips and targets is at 30 pips 1:3 risk reward ratio. I trade both directions and will share my entries, stops and targets for only EURUSD if you don’t mind....
Haha just found this post, too.
Yes, definitely feel free to post your trades before / during / or after it doesn't matter.

1:3 is a really solid return for sure.

Looking forward to hearing more from you here when you have time.
Empty your mind and let the market guide you
  • #204
  • Aug 22, 2022 4:01am Aug 22, 2022 4:01am
It's not my trade but looks to be some pressure building here just above the 1.01 DZ.
Untouched Asian high @ the 1.0050 level + Daily PP looks to be a nice target but bulls will have to drive back up through Friday's low to get there.
Attached Image (click to enlarge)
Click to Enlarge Name: 1pm.png Size: 11 KB
Empty your mind and let the market guide you
  • #205
  • Aug 22, 2022 4:22am Aug 22, 2022 4:22am
Quoting SunnyCoast
{quote} Hi Chan. Sorry, I only just saw your post! Thanks for stopping by. Great to hear you've been trading a similar method. Feel free to post anything you want as this is more of an open discussion than a journal. Have a great week in the markets if you are trading this week.
Hi SunnyCoast, is ok. They need time to review my posts. I will post my trades for EURUSD if it is visible to others.

Thank you.
“I enter a position because it follows my EDGE”
  • #206
  • Aug 22, 2022 4:23am Aug 22, 2022 4:23am
Quoting SunnyCoast
{quote} Haha just found this post, too. Yes, definitely feel free to post your trades before / during / or after it doesn't matter. 1:3 is a really solid return for sure. Looking forward to hearing more from you here when you have time.
You too. Have a great solid trading week too.

Stay green.
“I enter a position because it follows my EDGE”
  • #207
  • Aug 22, 2022 4:38am Aug 22, 2022 4:38am
waiting for ny 8.30 am open
ITB - Seeing Orderliness amongst 'Randomness'
  • #208
  • Edited 5:44am Aug 22, 2022 5:25am | Edited 5:44am
As long as 0.99670 weekly low holds, or could it be a retest the WL for a stop hunt before going back up? We can still see some upside coming for EURUSD. Watching closely, sideline for me so far as of now. Selling at this point is extremely risky and dangerous unless 0.99670 breaks below. Now only looking for long position. 3 candles reversal in H1 to north? Maybe. DXY is also due for a healthy correction to the downside. Come back in awhile.

Thank you!
“I enter a position because it follows my EDGE”
  • #209
  • Aug 22, 2022 6:24am Aug 22, 2022 6:24am
Quoting Ftmochan
As long as 0.99670 weekly low holds, or could it be a retest the WL for a stop hunt before going back up? We can still see some upside coming for EURUSD. Watching closely, sideline for me so far as of now. Selling at this point is extremely risky and dangerous unless 0.99670 breaks below. Now only looking for long position. 3 candles reversal in H1 to north? Maybe. DXY is also due for a healthy correction to the downside. Come back in awhile. Thank you!
Yep, 1.00 DZ number is no joke. Bulls and bears would be keen to fight it out here and take no prisoners.

I'm going to let the dust settle on the NYSE open and see if anything sets up.
Empty your mind and let the market guide you
  • #210
  • Edited 7:02am Aug 22, 2022 6:46am | Edited 7:02am
Quoting SunnyCoast
{quote} Yep, 1.00 DZ number is no joke. Bulls and bears would be keen to fight it out here and take no prisoners. I'm going to let the dust settle on the NYSE open and see if anything sets up.
Great. Monday is always not good to trade the market. Tues starts will be best to trade.

Good luck to all traders!
“I enter a position because it follows my EDGE”
  • #211
  • Edited 7:18am Aug 22, 2022 7:06am | Edited 7:18am
Quoting Ftmochan
As long as 0.99670 weekly low holds, or could it be a retest the WL for a stop hunt before going back up? We can still see some upside coming for EURUSD. Watching closely, sideline for me so far as of now. Selling at this point is extremely risky and dangerous unless 0.99670 breaks below. Now only looking for long position. 3 candles reversal in H1 to north? Maybe. DXY is also due for a healthy correction to the downside. Come back in awhile. Thank you!

Now price have retest the WL. Let’s see how this is going around the current area. Do not look for sell unless you scalp a few pips if not just wait for long position setup for a better risk reward ratio. DXY will crash hard, waiting for it to happen. Long way up to the moon for EURUSD if it does happen for the crash in DXY.
“I enter a position because it follows my EDGE”
  • #212
  • Aug 22, 2022 9:25am Aug 22, 2022 9:25am
Bloodbath for EURUSD. Soon for correction. I’m waiting for my setup to go long.
“I enter a position because it follows my EDGE”
  • #213
  • Edited 12:42pm Aug 22, 2022 12:13pm | Edited 12:42pm
Quoting Ftmochan
Bloodbath for EURUSD. Soon for correction. I’m waiting for my setup to go long.
I have entered a long position for EURUSD at 0.99397 for 0.5% risk, stops at 0.99290, targets at 0.99697. Stops plus minus with spreads. Let’s see how this work out for this counter trade. My risk will always be at 0.5% per trade not more than that.

Cheers.
“I enter a position because it follows my EDGE”
  • #214
  • Aug 22, 2022 12:44pm Aug 22, 2022 12:44pm
Price keep hovering around at 25EMA and 50EMA
“I enter a position because it follows my EDGE”
  • #215
  • Aug 22, 2022 2:22pm Aug 22, 2022 2:22pm
Turned out to be an almost textbook NY session sell with price layering below London's sideways action.
The little false high 5 mins before NYSE open was the signal to take but the 1.00 DZ level was where I didn't want to trade on a MOnday.
Hindsight bias.
I wouldn't be surprised if Bears stayed in control of this market as it is trending very nicely now.
Anything can happen.
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Empty your mind and let the market guide you
  • #216
  • Aug 22, 2022 4:52pm Aug 22, 2022 4:52pm
I'd be very surprised if Bears don't try for the 0.99 DZ level today.
Attached Image(s) (click to enlarge)
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Empty your mind and let the market guide you
  • #217
  • Aug 22, 2022 5:08pm Aug 22, 2022 5:08pm
These 10 pip sell at the Tokyo Open are always a risky proposition but can provide a nice kick start to the trading day for the aggressive trader.
Previous Day's low too close for me.
Attached Image (click to enlarge)
Click to Enlarge Name: Tokyo Open Sell.png Size: 8 KB
Empty your mind and let the market guide you
  • #218
  • Aug 22, 2022 5:41pm Aug 22, 2022 5:41pm
Bulls trying to turn price around here in the 1st hour. Double hourly swing top highs looking like a nice target for liquidity.
Are new bulls having their orders triggered here? See if they can hold price above the 25 ema. Scalps only against the dominant hourly flow.

If caught in a sell on the Tokyo open there was a chance to take a reversal exit above the bullish candle with the false low. Otherwise , just take the stop out with capital protected and move on to the next opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: Bull Reply after Tokyo Open.png Size: 13 KB
Empty your mind and let the market guide you
  • #219
  • Aug 22, 2022 9:51pm Aug 22, 2022 9:51pm
Fairly well defined boundaries here as the world starts to wake up.
Liquidity being built above 0.9950 and below previous daily low.
Attached Image (click to enlarge)
Click to Enlarge Name: Tokyo Window 19 pips.png Size: 11 KB
Empty your mind and let the market guide you
  • #220
  • Aug 22, 2022 10:00pm Aug 22, 2022 10:00pm
i reckon on the weekly, the sellside liquidity has been taken or whether some more further down.
if previous day low is not taken, i am looking for some long rebound but not sure by how much.
rebound considered as counter trend.
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Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
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