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Trading EURUSD only 43,756 replies

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EURUSD only

  • #167,941
  • Feb 17, 2023 11:38am Feb 17, 2023 11:38am
Yup, thank god I didn't close my longs but the wick bottoms on the 5mm gave me the sign we may bounce along with DXY stalling..

Lets see if bulls keep this up, more like bear keep up the work on taking DXY down. 1.0750, 80 then 1.0850 targets.
I play the trade gamble to feed my Porsche addiction.
  • #167,942
  • Feb 17, 2023 12:48pm Feb 17, 2023 12:48pm
Is it even possible to have a long term position - price always goes back and takes you out if you set it to breakeven...
  • #167,943
  • Feb 17, 2023 1:27pm Feb 17, 2023 1:27pm
Quoting Vitez
Is it even possible to have a long term position - price always goes back and takes you out if you set it to breakeven...
Im really hoping for a reversal at 1.07...
And that giving up 75% of what I gained through yesterday.
I hate overnight and your targets aren't hit and I'm learning.
DO NOT MOVE YOUR STOPS!
final stop at 107.14
  • #167,944
  • Feb 17, 2023 3:54pm Feb 17, 2023 3:54pm
  •  Evt
  • | Joined Sep 2011 | Status: Professional Trader | 86 Posts
closed for 82 pips , Have a good weekend.
Audentes fortuna iuvat
  • #167,945
  • Feb 17, 2023 3:56pm Feb 17, 2023 3:56pm
Quoting Vitez
Is it even possible to have a long term position - price always goes back and takes you out if you set it to breakeven...
I trade the hourly time frame and i've wicked out for moving stop to break even it's not even funny. I figuared just mentally accepting the loss, but as a result of that I have been most adherant to my trading plan.
  • #167,946
  • Feb 17, 2023 4:06pm Feb 17, 2023 4:06pm
Price just closes on an area that is very important, first of all we have a solid supply zone and look how the fork line is acting as resistance, there is also a sloped frequency line out of the area where minor buyers got washed out. Look at the RSI how price potentially has power to go down. WHile buyers rallied, sellers were accumulating energy so this might be an area to watch out for.

I originally was bearish then I took buys, then I closed both positions with slight profit. Hope everybody had a profitable week, wish yall a nice weekend, shout out to everyone from Southern Mexico, state of Chiapas!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2023-02-17_16-00-30.png Size: 67 KB
  • #167,947
  • Feb 17, 2023 4:52pm Feb 17, 2023 4:52pm
️
  • #167,948
  • Feb 18, 2023 3:46am Feb 18, 2023 3:46am
EURUSD had a good weekly close at Friday but it needs to close over the 50 sma on the Daily chart to consider long positions towards 1.0803 resistance on smaller timeframes.

The weekly volatility should be 109 pips and the risk events I watch are the US Flash Services PMI, FOMC Meeting Minutes & Core PCE Price Index.

4H - EU is down below that trendline and the 50 sma

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB


Weekly - EU is ranging between 1.0803 & 1.0611

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB


Have a great rest of the weekend
Looking for profitable short term trades ...|
  • #167,949
  • Feb 19, 2023 8:19am Feb 19, 2023 8:19am
Quoting Flagordonmol
{quote} Im really hoping for a reversal at 1.07... And that giving up 75% of what I gained through yesterday. I hate overnight and your targets aren't hit and I'm learning. DO NOT MOVE YOUR STOPS! final stop at 107.14
I have almost the same stoploss.

Went short at 1.06500 but now looking at 4h chart it seems like i went short too low.
  • #167,950
  • Feb 19, 2023 8:59am Feb 19, 2023 8:59am
Stop Loss Hunting under action be careful guys for EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 58 KB
Daya
AJ DAYA SAGAR Return Today: na
  • #167,951
  • Feb 19, 2023 9:37am Feb 19, 2023 9:37am
I look for a buy opportunity in EURUSD when NY opens. How come?
It has to do with the stage of the US business cycle we are in. We all know that the US is the world's leading currency and therefore plays a big role in EURUSD.
I attached two screenshots.

In the screenshot 3 month sector performance, which is from finviz --> groups, you can see that capital flows into the consumer cyclical stock sector. This is the bridge to picture 2 knowing that capital flows into the consumer cyclicals also tells us where we are in the economic cycle.

In picture 2 it's called late bear. Another name for that is the contraction phase. This means that the USD weakens in the short to mid-term timeframe for daytraders (not buy & hold strategy for investors!)

Therefore I'm long EURUSD after NY opened.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Sector Performance.jpg Size: 54 KB
Click to Enlarge Name: Stages of Stock Market Cycle and Business Cycle.jpg Size: 61 KB
  • #167,952
  • Feb 19, 2023 12:02pm Feb 19, 2023 12:02pm
️ tyger tyger
  • #167,953
  • Feb 19, 2023 4:11pm Feb 19, 2023 4:11pm
Quoting buddha-
️ tyger tyger
very very nice analysis
good entry super leave from trade
thank you very much your all time work
lets make coffe
  • #167,954
  • Edited 5:08pm Feb 19, 2023 4:41pm | Edited 5:08pm
Quoting Js3mwtRc
..Thanks for sharing mtako, the volatility is the best part for your trades Keep it up!
Thanks a lot mate !

Hope you are all well. I have been taking it easy since my last TPs hit:
Quoting mtako
...Nearest TP now at 0974, but trailing, meaning it will get lower with time. 0970s is also where the vast majority of my 0872to0920 would be at BE or better also. Love my >09 extra space, which needs to remain till next big news !!! Sooo, therefore, my surviving, too many live-shared long-term longs, from{quote}to0872 now have all their SLs are now at BE or better than ever. The rest will have to wait. They will take their natural course, as usual. Perhaps some will get stopped out in a loss with...
Quoting mtako
Hi all. Ranging shifted up just a tad. Maybe enough now for BO ! {quote}Comes rarely indeed.... Was reinstated, as closures were high enough. Bloody ranging ! Bought here 0750 SL25TP250
I finally have good enough buying opportunity ! Bought here at 0691 SL30TP210

Happy new trading week everyone !!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #167,955
  • Feb 19, 2023 6:43pm Feb 19, 2023 6:43pm
Attached Image (click to enlarge)
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #167,956
  • Feb 19, 2023 8:09pm Feb 19, 2023 8:09pm
Just bought the 3min hammer + double bottom here at 0678 SL8 TP
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #167,957
  • Feb 19, 2023 8:28pm Feb 19, 2023 8:28pm
Quoting mtako
Just bought the 3min hammer + double bottom here at 0678 SL8 TP
Beat the 3min hanging man that put a stop to the rise almost one hour ago, common, just 2pips! Doesn't sound like much, but it's hammer at last bottom vs. hanging man at last high. Whichever is beaten first, gets extra chances of going to the next level and even, if extra lucky, end this micro-ranging in its infancy !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #167,958
  • Feb 19, 2023 8:30pm Feb 19, 2023 8:30pm
well done, next step, 5min BO strat. Buy stop 0683 SL6
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #167,959
  • Feb 19, 2023 8:38pm Feb 19, 2023 8:38pm
Quoting mtako
well done, next step, 5min BO strat. Buy stop 0683 SL6
Need extra tight SL here because it has been ranging since opening, and here in the highs = sell (ranging heaven science). So if it's a real BO(break-out), it needs to get far away from the Ranging Heaven mid-highs(+-0678), where it would be ideal to sell, given the ranging magnet power on the other side(<0676)

Also, intraday down movement is still of higher quality than up movement, so I am going against the tide with my shares above = probable losses before wins!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #167,960
  • Feb 19, 2023 8:45pm Feb 19, 2023 8:45pm
Quoting mtako
{quote}Beat the 3min hanging man that put a stop to the rise almost one hour ago, common, just 2pips! Doesn't sound like much, but it's hammer at last bottom vs. hanging man at last high. Whichever is beaten first, gets extra chances of going to the next level and even, if extra lucky, end this micro-ranging in its infancy !
Right back below the 3m hanging man, the high of which was just broken by a measly 3 candles! = fake BO?
Let's see if here 0678+-1pip can actually become support and break that hanging man's curse

New high needed now !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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