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  • #173,181
  • May 31, 2023 4:56am May 31, 2023 4:56am
Quoting Js3mwtRc
{quote} I don't play this but a good target is at 1.0755/62 and then trail - but it should close the hour back inside yesterday's low!
i m not convinced by any bull action since it is against the current strong bear trend. But end of the month and key support area 0650-60 may trigger a bounce. Yesterday bull didnt make it to my level 0750-60. I think bull will still need to cross that area if they are looking for a come back.

otherwise for this wave I have 0604 as bear target
Patience, Emotion Control and Discipline.
  • #173,182
  • May 31, 2023 5:02am May 31, 2023 5:02am
Quoting johncen
{quote} i m not convinced by any bull action since it is against the current strong bear trend. But end of the month and key support area 0650-60 may trigger a bounce. Yesterday bull didnt make it to my level 0750-60. I think bull will still need to cross that area if they are looking for a come back. otherwise for this wave I have 0604 as bear target
You do fine better is to see some signs of an uptrend before jump in a trade and best from all the fundamentals should agree, now for the short term we may see 1.0600/1.0580
Looking for profitable short term trades ...|
  • #173,183
  • May 31, 2023 5:16am May 31, 2023 5:16am
My plan for today.
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  • #173,184
  • May 31, 2023 5:19am May 31, 2023 5:19am
we can pull back to 700 before hitting 650 (month-end markets are always full of surprises)
  • #173,185
  • May 31, 2023 5:21am May 31, 2023 5:21am
Quoting andvk74
My plan for today. {image}
Looks like we have the same thought. Hope it's not wrong
  • #173,186
  • May 31, 2023 5:31am May 31, 2023 5:31am
THE REASON why I expect a retracement before the new low forms.
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  • #173,187
  • May 31, 2023 6:17am May 31, 2023 6:17am
  • #173,188
  • May 31, 2023 6:39am May 31, 2023 6:39am
EURUSD possible sell area after retracement
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  • #173,189
  • May 31, 2023 6:45am May 31, 2023 6:45am
Quoting arthurbolbos
{quote} Not the best morning, but let's go Another long Position @ 06854 entered Order @ 6761 waiting
Thank God, I closed a few for some tiny profit, at least not for loss.
There are a few open positions left...
Not the pattern I've expected for today ( I was into building some long orders like yesterday, but it didn't work )
Keep trading and learning or keep learning and trading!
  • #173,190
  • May 31, 2023 6:46am May 31, 2023 6:46am
Quoting Mitiblotch
Long triggered at 1.0667. Let's now rise like a phoenix from the ashes.
Bank some here at 1.0686. +19.
  • #173,191
  • May 31, 2023 7:25am May 31, 2023 7:25am
Wil be waiting for ltf confirmation to scalp back toward 1.06800 level. Ultimately i think this thing melts for the rest of the week toward 15188
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  • #173,192
  • May 31, 2023 8:00am May 31, 2023 8:00am
I'd like to see at least 50% retracement before going SHORT.
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  • #173,193
  • May 31, 2023 8:12am May 31, 2023 8:12am
Quoting andvk74
I'd like to see at least 50% retracement before going SHORT. {image}
I'd like to see a 120% up retr. before closing longs and increasing shorts.

Also, I would like to have 100 million euros.

PS ...Naaahh all right, make it 200 million
Practitioner of the cryptic trading arts
  • #173,194
  • May 31, 2023 8:16am May 31, 2023 8:16am
Quoting Endoephemera
{quote} I'd like to see a 120% up retr. before closing longs and increasing shorts. Also, I would like to have 100 million euros. PS ...Naaahh all right, make it 200 million
I just trade what I see based on MY system. Best of luck to you!!!
  • #173,195
  • May 31, 2023 8:27am May 31, 2023 8:27am
Quoting Vowwow
EURUSD my position target - Sell for target 1.0560 timeline - might take 15 days +/-
100 pips profit in, another 100 pips to go.
target almost half way there!
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  • #173,196
  • May 31, 2023 9:12am May 31, 2023 9:12am
PERFECT entry and I already closed for now.
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  • #173,197
  • May 31, 2023 9:12am May 31, 2023 9:12am
Recent news are also not supporting for a bounce, long way to go for the bulls

Quoting andvk74
PERFECT entry and I already closed for now. {image}
well done mate! Always love to see the magnet effect!
Patience, Emotion Control and Discipline.
  • #173,198
  • May 31, 2023 9:13am May 31, 2023 9:13am
Quoting pedro319
My plan for this week was to wait for breakout of 1.07 and then sell pullbacks towards 1.05. 1.0705 was my first sell of this cycle hence the 50 pips sl. I will be adding more.
1.0705 still works!
Looking at second leg of the H4 ABCD, the speed is there and that indicates likelihood for a move to 1.0625.
I am still scalping long from my levels but will be with very tight stops.
We watch the charts from every angle so you don't have to!!
  • #173,199
  • May 31, 2023 9:15am May 31, 2023 9:15am
Jolts came better and EU dropped, but in choppy trading conditions we should see 1.0705 again or a drop below 1.0658 should be bought again until bears get better levels or EU fail so much so they can't see them and quit.
Looking for profitable short term trades ...|
  • #173,200
  • May 31, 2023 9:18am May 31, 2023 9:18am
Quoting andvk74
PERFECT entry and I already closed for now. {image}
Today is lucky to make a profit and I will not be greedy. Good luck
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