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  • #301
  • Dec 16, 2024 10:32pm Dec 16, 2024 10:32pm
Today there are Euro 1.9bn @ 1.0525 FX option expiries for 17 December @10am New York cut. (i assume most of these are call options)
the next one is Eur 858m @1.0475 (i assume most of these are put options)
  • #302
  • Dec 16, 2024 11:15pm Dec 16, 2024 11:15pm
Orange marker crossed, now suppose to be bullish,

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0202.png Size: 131 KB


my vall for today is the touch of the bottom trend line, then, maybe a bounce back to the new high, we will see.

So what changed since yesterday is that we don’t target a new low at the 1.046 ish area, but our target is the trend line.
  • #303
  • Dec 17, 2024 12:26am Dec 17, 2024 12:26am
Going long 1.0501 SL open (will close manually when demanding on PA) TP 1.0512

Happy trading all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241217_002756_TradingView.jpg Size: 375 KB
  • #304
  • Dec 17, 2024 12:26am Dec 17, 2024 12:26am
So the h1 shows this:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 76 KB


We have a clear turn around, we have had first an uptrend, that ended, and we had a new move down for a new low, that did not happen eventually as we have just crossed our otange marker, now the price retracted, but that means we will cross the trend line on the m1 chart and than go for new hights.

It is also posible that we won't reach that trend line just now and make further new highs as the news can kick things off.

Best thing we can do is to monitor this trend change closely. But right now the trend line is still our main target:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 125 KB
  • #305
  • Dec 17, 2024 12:29am Dec 17, 2024 12:29am
Quoting Chicago-Greg
Going long 1.0501 SL open (will close manually when demanding on PA) TP 1.0512 Happy trading all
Please post your chart, so we can see what you are after.
  • #306
  • Dec 17, 2024 12:34am Dec 17, 2024 12:34am
Quoting Tools
{quote} Please post your chart, so we can see what you are after.
I did now
  • #307
  • Edited 1:53am Dec 17, 2024 12:43am | Edited 1:53am
Quoting Tools
So the h1 shows this: {image} We have a clear turn around, we have had first an uptrend, that ended, and we had a new move down for a new low, that did not happen eventually as we have just crossed our otange marker, now the price retracted, but that means we will cross the trend line on the m1 chart and than go for new hights. It is also posible that we won't reach that trend line just now and make further new highs as the news can kick things off. Best thing we can do is to monitor this trend change closely. But right now the trend line is still...
Thoughts the same.. quick sell , target Uptrend Line. already almost halfway toward the target.. will see ...just for learning with small risk
Update: BE+1 before London open
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 32 KB
  • #308
  • Dec 17, 2024 2:43am Dec 17, 2024 2:43am
Quoting Gleam
{quote} Thoughts the same.. quick sell , target Uptrend Line. already almost halfway toward the target.. will see ...just for learning with small risk Update: BE+1 before London open {image}
closed TP, looking long
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 35 KB
  • #309
  • Dec 17, 2024 2:48am Dec 17, 2024 2:48am
Quoting Gleam
{quote} closed TP, looking long {image}
For me we are still getting to the trend line and did not cross yet.
Attached Image (click to enlarge)
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  • #310
  • Dec 17, 2024 2:59am Dec 17, 2024 2:59am
Quoting Tools
{quote} For me we are still getting to the trend line and did not cross yet. {image}
Interesting .. TW gave different trend lines from MT4
  • #311
  • Dec 17, 2024 3:10am Dec 17, 2024 3:10am
Quoting Gleam
{quote} Interesting .. TW gave different trend lines from MT4
Brokers can be slightly different but not platforms.... in this case starting angle is different. 1st 2 bars M5 Vs M1
Its all just one persons opinion
  • #312
  • Dec 17, 2024 3:11am Dec 17, 2024 3:11am
Quoting Gleam
{quote} Interesting .. TW gave different trend lines from MT4
Yours differs as its m5 mine is m1. And as you can see we are continue to get down.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 94 KB
  • #313
  • Dec 17, 2024 3:20am Dec 17, 2024 3:20am
Quoting Tools
{quote} Yours differs as its m5 mine is m1. And as you can see we are continue to get down. {image}
Yea very nice falling ... could you give the date of starting up trendline just for accuracy.. mine in picture
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 31 KB
  • #314
  • Dec 17, 2024 3:54am Dec 17, 2024 3:54am
Find 10 differences
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mt4.png Size: 49 KB
Click to Enlarge Name: TW.png Size: 57 KB
  • #315
  • Dec 17, 2024 4:57am Dec 17, 2024 4:57am
Quoting Gleam
Find 10 differences {image} {image}
One thing to note is that I use the magnet tool to make sure I set the two points exactly at the candle. Otherwise if you do so the same and it draws this HUGE! difference, that is literally WOW!
  • #316
  • Dec 17, 2024 4:58am Dec 17, 2024 4:58am
Quoting Gleam
{quote} Yea very nice falling ... could you give the date of starting up trendline just for accuracy.. mine in picture {image}
Like, here I don't see them connecting.
  • #317
  • Dec 17, 2024 4:58am Dec 17, 2024 4:58am
Quoting Gleam
{quote} Yea very nice falling ... could you give the date of starting up trendline just for accuracy.. mine in picture {image}

THis is mine
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 54 KB
  • #318
  • Dec 17, 2024 5:16am Dec 17, 2024 5:16am
Quoting Tools
{quote} THis is mine {image}
Ok, thank you
  • #319
  • Dec 17, 2024 8:37am Dec 17, 2024 8:37am
Bit of an update, so not yet there, but the price might make a newer high, giving us an option to enter short. I will wait out.
Attached Image (click to enlarge)
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  • #320
  • Dec 18, 2024 2:32am Dec 18, 2024 2:32am
A little side tracking to the GBPUSD, as we had some red news:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 81 KB


Target is the orange marker, once reached bullish return to the transparent white line.
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