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  • #203,361
  • Dec 11, 2024 1:01am Dec 11, 2024 1:01am
Quoting Matts Micro
{quote} Yesterdays plan of attack failed... I accept the loss because that's what trading is and I'm not afraid to share losses along side the wins. I will make it it up today or tomorrow or maybe next week, I have confidence in my system. Anyhows, back to EU... Todays right side of the chart is still telling me bullish, in the short term at least. Looking for an entry at the dashed TL's for the confirmation of the completion of the 1:1 (orange TL's) up to the 61.8% of the whole ST move (around 1.0586). If it breaks above 1.0595 we could be looking...
Sometimes the setup is correct just the timing. What you expected to happen yesterday could be happening today.
Fundamental provide Volume, Technical shows Direction
  • #203,362
  • Dec 11, 2024 1:02am Dec 11, 2024 1:02am
Below are my simple sweet spots for D1...

  1. 1.0555 area is now potential resistance! As long as H1 candles open below, I stay bearish!
  2. That said, we also must watch interfering support area around 1.0495.. Again: it is getting tight!
  3. Holiday mood is kicking in and markets are slowly losing volume... I don't expect too much and prefer to scalp!


Happy trading day folks

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Focus only on what truly matters!
  • #203,363
  • Edited 1:41am Dec 11, 2024 1:30am | Edited 1:41am
Based on H1, I am marking 1.0526 as newest breakout level and selling spot!
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Focus only on what truly matters!
  • #203,364
  • Dec 11, 2024 4:16am Dec 11, 2024 4:16am
Quoting LucasT
{quote} Sometimes the setup is correct just the timing. What you expected to happen yesterday could be happening today.
So true. The trap is however is not to get caught in a mind set. Being biased disregarding the market has cost me much in the past.

GL, Matt.
As the lights go by so too do the shadows move
  • #203,365
  • Dec 11, 2024 6:21am Dec 11, 2024 6:21am
From a technical analysis perspective, on the 1-hour timeframe, if the market can break above the resistance of the descending channel, there is a possibility of testing the upper boundary of the descending channel.
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  • #203,366
  • Dec 11, 2024 6:29am Dec 11, 2024 6:29am
Hello everyone,

I still see the bottom
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  • #203,367
  • Dec 11, 2024 7:41am Dec 11, 2024 7:41am
Bottom picked @ 0498. Now we look for a top @0553 0574 even above if it hunts for stops @06xx, There I only look for a swing. Hope it plays out! Cheers.
We are in critical demand zone and there may be no back looking. In that case Bull ride! back into the 0742
  • #203,368
  • Dec 11, 2024 7:57am Dec 11, 2024 7:57am
Based on H1, I am in selling mode... each time price nears 1.0534 I try to sell...

*I was in buying mode whenever price was nearing 1.0495...
Focus only on what truly matters!
  • #203,369
  • Dec 11, 2024 8:12am Dec 11, 2024 8:12am
"
Based on H1, I am in selling mode... each time price nears 1.0534 I try to sell..."

What is your reason to go SHORT? I think it can be only a correction move and up move continuation...
  • #203,370
  • Dec 11, 2024 8:16am Dec 11, 2024 8:16am
Quoting kry5t1an
" Based on H1, I am in selling mode... each time price nears 1.0534 I try to sell..." What is your reason to go SHORT? I think it can be only a correction move and up move continuation...
Up move continuation? Was price in an up move before? Price is firmly below the monthly pivot and has been trending downwards. I'm not in a trade on EU, just want to hear your thoughts.
  • #203,371
  • Dec 11, 2024 8:19am Dec 11, 2024 8:19am
We are in bear territory but personally I'm not touching this today.
while the objective is profit, the job description is risk management
  • #203,372
  • Dec 11, 2024 8:26am Dec 11, 2024 8:26am
monthly pivot, what indicator are you using, how this monthly pivot is definied?how this monthly pivot is definied?

My view in attachement, I am more in BUY than SELL, but currently no position at all. probably wouldn't proper correction move to enter a buy, but time will show.

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  • #203,373
  • Dec 11, 2024 8:39am Dec 11, 2024 8:39am
5 mins price action
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  • #203,374
  • Dec 11, 2024 8:50am Dec 11, 2024 8:50am
Quoting rober159
We are in bear territory but personally I'm not touching this today.
If you really want to push, your short entry is 1.0510-1.0500.
Right, I'm off.
while the objective is profit, the job description is risk management
  • #203,375
  • Dec 11, 2024 8:52am Dec 11, 2024 8:52am
Quoting kry5t1an
" Based on H1, I am in selling mode... each time price nears 1.0534 I try to sell..." What is your reason to go SHORT? I think it can be only a correction move and up move continuation...
Downtrend on H1... I rinse and repeat selling until it works no more... Many members here know... Same old same old!

Best wishes
Focus only on what truly matters!
  • #203,376
  • Dec 11, 2024 9:12am Dec 11, 2024 9:12am
Quoting Ata-Turkoglu
{quote} Downtrend on H1... I rinse and repeat selling until it works no more... Many members here know... Same old same old! Best wishes
okay, but what was exactly a reason to go short from this level price? What was the trigger? on what time frame do you execute a trade? m1? m5?
  • #203,377
  • Dec 11, 2024 9:12am Dec 11, 2024 9:12am
First thing to but in place while trading is patient then other things follow
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  • #203,378
  • Dec 11, 2024 9:22am Dec 11, 2024 9:22am
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  • #203,379
  • Dec 11, 2024 9:56am Dec 11, 2024 9:56am
Quoting kry5t1an
{quote} okay, but what was exactly a reason to go short from this level price? What was the trigger? on what time frame do you execute a trade? m1? m5?
Please visit page 1 to find out about my logic via the other thread.. All was explained a gazillion times.

Here we are focusing on trading not explaining..

Best wishes
Focus only on what truly matters!
  • #203,380
  • Dec 11, 2024 10:05am Dec 11, 2024 10:05am
Meanwhile, on H4...

Below is my chart from Monday: 1.0534 was the bearish breakout level. That's the location where I keep selling.

In terms of support, the nearest stopper sits around ~1.0469/79... but I stay bearish for now and don't bother for stoppers or bumps. Trend is bearish while inside channel! Enjoy!
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