EURUSD only

Hi,
my bias for monday.



Happy weekend @ all
Chriss

23 could be platform for 65.

Meanwhile, on H4...

Bulls came back after ellipse lower rim (1.0980 area) rejected bears... Now watch 1.0955 area resistance!

TP @ 1.10420, 12 pips

confused right now I took some tp on that short

Trying Sell 1.10420

Failure at any of these levels, namely 65 can lead to drop of 200 pips.
Bull wants to close above 65 desperately.

closed this trade, TP @ 1.10360

️

Buy @ 1.10350 tight SL

I am keeping the shorts from 43, if price moves to 65 will open more sell orders.
If price closes above 65 I will close everything..
Target 1.0860.
I am still holding longs so I can't lose.

Longterm = BUY;
Midterm = BUY;

We will see 1.106x soon;


Good luck!

This one hit my SL

Okay guys and gals... I just closed my most recent short order here at 1.10155... Account is order free again and I can enjoy my weekend..

Wishing all of you happy weekends.. Take care, be blessed and hopefully we meet again on Monday..

Peace... Out.....

Unbelievable return on your Trend Hunter account, Ata. You’re a great inspiration for us all!

Cheers!

️

Next week the FED & ECB plus NFP are going to create many volatilty I only expect 139 pips we should see more but I feel safe with this number.

On the daily chart the price is in a range as the grey arrow show and a break either way should lead the price at the next levels

Daily chart with 10 50 100 & 200 ma's


Have a great rest of the weekend

Managing my heavy losing position (demo).

I was surprised by Friday's up swing, and overenthusiastic in increasing the short, ending up with with 45% of equity 23 PiPs underwater at closing. The account is 400:1 (28 PiPs is around 100% of position). Margin call is at 100% margin level and stop out at 50%. Clearly a very bad situation. The yellow line is the average price of the short position, drawn by the Wolseley Panel indicator. Round Numbers indicator is applied on the price scale set at 25 PiPs interval. Both are free downloads.

I believe the down swing that started mid week is not over and that price will resume the down from Friday's high or from just above 1.105 (so, within the grey rectangle). Here's what I'll do. I will take out the biggest losing order (reduce the short) at the red dashed line. I will sell at the dashed green line (increase the short); I call it BLashing and SHabling, from buy low sell high, or reduce position upon favorable impulses and increase upon adverse impulses (as long as I believe I'm on the right side).

If price goes above the grey rectangle, I'll blow up the account (I am waaay overextended!). The cluster of red dashed lines are TPs for all the open shorts. They are placed lower than 1.094 where I see the first opportunity for the down swing to end and will close them manually before then. If price will go directly to 1.0925 that will be the green light to go lower still, but it won't happen without first going back up above Friday's close [*] before resuming down. Breaking a level is like booking the trend continuation, but it will go in the opposite direction first. The very same event I failed to notice on Friday! It broke the previous low (Tuesday's) technically breaking the up trend, and triggered a reflexive counter move up. Bigger picture (looking at the daily) I expect the up trend to resume (some time, from somewhere...)

On Friday I was in the same situation with my real money account but with much smaller size and higher position price which allowed me to get out unscathed during the down from the top. I will build my short fresh on Monday and manage it if they take price further up above the grey rectangle.


* Friday's low, I meant

Just checking the charts, no need to count or waves as only crazy Revange tit for tat likely working and extreme strong bull!! First missed minimum correction below 0221 and next more crazily and strongly avoided 0480 minimum corrections level again,, so only range up in 5th extension running unlimited manner and even may reach the top to satisfy bull! So up and up till any correction may ever happen with starting 0480!