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Trading EURUSD only 43,756 replies

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  • #192,541
  • Mar 21, 2024 5:57am Mar 21, 2024 5:57am
Thank you very much!
Mtako thought I was just a pretty face!!
All the best for you!
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We watch the charts from every angle so you don't have to!!
  • #192,542
  • Mar 21, 2024 6:01am Mar 21, 2024 6:01am
Quoting mtako
From here, for me, intraday, it's >0915 buy >0924 buy more <0914 sell <0986 sell more Also, ExtrA important ! : Mr.Price is on a seeSaw, we must therefore adapt our trading to the SeesaW World. Here is the training video, hope it helps!:https://youtu.be/pDc6iGMCPDA?t=9
Buy and sell Todays is an unpredicted day, we are a the head of the camel after a hump day top, anything might happen, so backle up!
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Looking for profitable short term trades ...|
  • #192,543
  • Edited 6:48am Mar 21, 2024 6:07am | Edited 6:48am
Quoting pedro319
{quote} Let's see the test of 1.0920, shall we!?
Ongoing battle for this level, you can see by yourself how significant it is!!
This pattern would give bulls a fighting chance but as price goes lower, probabilities of challenging the top also going lower along with the size of any new buy orders.
H1 Lightining bolt
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We watch the charts from every angle so you don't have to!!
  • #192,544
  • Mar 21, 2024 6:48am Mar 21, 2024 6:48am
Quoting pedro319
{quote} Ongoing battle for this level, you can see by yourself how significant it is!! This pattern would give bulls a fighting chance but as price goes lower, probabilities of challenging the top also going lower along with the size of any new buy orders. H1 Lightining bolt {image}
Looking for profitable short term trades ...|
  • #192,545
  • Mar 21, 2024 6:54am Mar 21, 2024 6:54am
bom dia comerciantes... Ontem eu estava ausente aqui porque eu estava tão focado no gráfico que acabei esquecendo... Ontem foi lindo... 43 pips no meu bolso ontem... Eu poderia ter tomado mais, mas não tinha ajustado mais a meta.
  • #192,546
  • Mar 21, 2024 6:55am Mar 21, 2024 6:55am
Quoting mtako
From here, for me, intraday, it's >0915 buy >0924 buy more <0914 sell <0986 sell more Also, ExtrA important ! : Mr.Price is on a seeSaw, we must therefore adapt our trading to the SeesaW World. Here is the training video, hope it helps!:https://youtu.be/pDc6iGMCPDA?t=9
I would grab a firs 7pips here and run
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #192,547
  • Mar 21, 2024 6:57am Mar 21, 2024 6:57am
Entry points today only later perhaps... Wait for the 78.60% Fibonacci retracement.
  • #192,548
  • Mar 21, 2024 6:59am Mar 21, 2024 6:59am
Meanwhile, on H4

~1.0940 area is my key resistance and ~1.0885 is key support for now, but this range will slowly drop along the angle of related trendline so I will trade accordingly...
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Focus only on what truly matters!
  • #192,549
  • Mar 21, 2024 7:06am Mar 21, 2024 7:06am
Quoting pedro319
{quote} Ongoing battle for this level, you can see by yourself how significant it is!! This pattern would give bulls a fighting chance but as price goes lower, probabilities of challenging the top also going lower along with the size of any new buy orders. H1 Lightining bolt {image}
Yup
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Currently short
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  • #192,550
  • Mar 21, 2024 7:08am Mar 21, 2024 7:08am
Quoting mtako
{quote}I would grab a firs 7pips here and run {image}
It's great to have you back, Tostadito!!

Quoting fx6996
{quote} Yup {image} Currently short {image}
If the picture changes you will have a couple of warnings first.
Break of 20 and then 51. The infamous area 51 !
We watch the charts from every angle so you don't have to!!
  • #192,551
  • Mar 21, 2024 7:17am Mar 21, 2024 7:17am
With the incoming news and news later today it will be a bumpy ride, I don't see it passing 19400 but who knows, we wait and see
  • #192,552
  • Mar 21, 2024 7:18am Mar 21, 2024 7:18am
Quoting mtako
{quote}, it is a time for Volatility-Helmets ! So adorable ! On another note: When there is failure to pursue past 50% of last move (0889), under these extremely choppy conditions: The higher quality the whipsaw(extra-high-high to ultra-deep-low to extra-high-high..), the heftier the price to pay! {image}
Quoting PuppyPips
{quote} what it's that mean sir ? im so confuse
Hi PuppyPips, thank you for the question, hey, love your name !!!

The following is best read with chart:

Under choppy conditions with growing volatility(like now), price generally goes from lower lows to higher highs, and vice-versa.
Best is therefore to buy in lows and sell in highs, but what if price does not make it past the middle (50%)of last low-high?
Trending might be next. Of course, for proper trending, more conditions need to be met, like the inglorious higher high + higher low ABOVE the previous Ranging Heaven (that previous low-high), resistance becoming support...

Under average trending conditions, price will have small retracements, and higher highs (if in uptrend), and lower lows (if in downtrend).
Therefore, in a quality trend, as traders, we will rarely be dealing with the middle of big moves going from lower lows to higher highs, like we are having now, because there wont be any, or very rarely.
And we will be focusing on buying in "higher lows" levels(pullback, retracements,,) and in the highs.

BUT, what do we do in between these different dynamics? And how can we anticipate and exploit the changes?

That is what my above post is addressing.

And when I say "the higher quality the whipsaw(choppiness), the heftier the price to pay", I am referring to what often happens when Bulls put a stop to this choppiness from this point on and starts an actual uptrend, which ends up being of greater magnitude than the choppy volatility used to create it.

Also, 0915 is actually middle of the last High-low()0942-0887, just like 0889
Quoting mtako
... When there is failure to pursue past 50% of last move (0889), under these extremely choppy conditions: The higher quality the whipsaw(extra-high-high to ultra-deep-low to extra-high-high..), the heftier the price to pay! {image}
is the middle of the last and greater 0830s-0940s move.
But 0915 is also high of last determinant 1H bull candle , that sweet combination is part of the reason for my:
Quoting mtako
From here, for me, intraday, it's >0915 buy >0924 buy more <0914 sell <0986 sell more...
0986 is right under the low of last bear move. 0924 is among other things, low of the first 1H break-out candle of the 14th of this month, leading to a 50pips drop without retracement(which makes it a determinant level for future use in some of my strategies!), and would be the high break of the last 2hours, which would be of higher than usual significance, given the high volatility of the day. The proximity between the main 1H bear candle in the highs low(0925) also adds to my
Quoting mtako
From here, for me, intraday, it's >0915 buy >0924 buy more <0914 sell <0986 sell more...
I hope that helps and/or interests anyone...

If it does not, it is not you, it is me. I have been a very bad teacher/communicator all my life, so don't hesitate if there is a part that you still dont understand. Cheers!

P.S Right now, price is flirting with the middle of the last upmove (0887-0923), so right here, is sweet buying opportunities. But given what is shared above about selling pressure, I would simply buy and place SL at BE(breakEven) at, you guessed it, 0915, and rinse and repeat.

You can do it Taco, don't ever give up!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #192,553
  • Mar 21, 2024 7:18am Mar 21, 2024 7:18am
Quoting pedro319
{quote} It's great to have you back, Tostadito!! {quote} If the picture changes you will have a couple of warnings first. Break of 20 and then 51. The infamous area 51 !
We can count also 923-926 confluence area no?
  • #192,554
  • Mar 21, 2024 7:21am Mar 21, 2024 7:21am
Quoting pedro319
{quote} It's great to have you back, Tostadito!! {quote} If the picture changes you will have a couple of warnings first. Break of 20 and then 51. The infamous area 51 !
!!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #192,555
  • Mar 21, 2024 7:24am Mar 21, 2024 7:24am
Quoting Mihisti
{quote} We can count also 923-926 confluence area no?
You could but I would rather focus on 920, the first sell off has happened, price retraced 61.8, perfectly normal (Fx Bible 61.8 pullback) now if price starts going up above the 61.8 level something is changing in relation to latest posts.
So, for the bears the only logical pa is to sell off and don't return above 920.
I hope it's clear.
We watch the charts from every angle so you don't have to!!
  • #192,556
  • Mar 21, 2024 7:27am Mar 21, 2024 7:27am
US Initial Jobless Claims out in some minutes, although Powell said he doesn't care about employment, I think that's not true!
Looking for profitable short term trades ...|
  • #192,557
  • Mar 21, 2024 7:38am Mar 21, 2024 7:38am
Quoting pedro319
{quote} You could but I would rather focus on 920, the first sell off has happened, price retraced 61.8, perfectly normal (Fx Bible 61.8 pullback) now if price starts going up above the 61.8 level something is changing in relation to latest posts. So, for the bears the only logical pa is to sell off and don't return above 920. I hope it's clear.
Yup!
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  • #192,558
  • Mar 21, 2024 7:39am Mar 21, 2024 7:39am
Quoting mtako
From here, for me, intraday, it's >0915 buy >0924 buy more <0914 sell <0986 sell more Also, ExtrA important ! : Mr.Price is on a seeSaw, we must therefore adapt our trading to the SeesaW World. Here is the training video, hope it helps!:https://youtu.be/pDc6iGMCPDA?t=9
I'd grab the 8pips here and run !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #192,559
  • Mar 21, 2024 8:16am Mar 21, 2024 8:16am
Quoting mtako
... Right now, price is flirting with the middle of the last upmove (0887-0923), so right here, is sweet buying opportunities. But given what is shared above about selling pressure, I would simply buy and place SL at BE(breakEven) at, you guessed it, 0915, and rinse and repeat. You can do it Taco, don't ever give up! {image}
The above, In Practice : Buy stop 09055!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #192,560
  • Mar 21, 2024 8:21am Mar 21, 2024 8:21am
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