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  • #101
  • Jun 16, 5:12am (16 hr ago) Jun 16, 5:12am (16 hr ago)
Happy Tuesday everyone. I'm looking to go long on EUR/USD.
“Fall seven times, stand up eight.”
  • #102
  • Jun 16, 5:14am (16 hr ago) Jun 16, 5:14am (16 hr ago)
Quoting Twocans
{quote} POSTED ON TRUTH SOCIAL. 'The News' from this point forward is no more trustworthy than a Fakebook post claiming a product for sale is in 'like new' condition. {image} Donald J. Trump @realDonaldTrump ·4h Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!! President DJT
Could be. News comes and goes, but price is what pays. I'm sticking with the chart for now.
“Fall seven times, stand up eight.”
  • #103
  • Jun 16, 5:27am (16 hr ago) Jun 16, 5:27am (16 hr ago)
Quoting arjunansh
{quote} Could be. News comes and goes, but price is what pays. I'm sticking with the chart for now.
i don't trade news either, just off the reaction to it. News today isn't reliable. Even the likes of NFP is subject to revision and those numbers are always a guesstimate anyway prepared by people who lose track of of billions of dollars and don't have a clue who ended up with it.
  • #104
  • Jun 16, 6:49am (14 hr ago) Jun 16, 6:49am (14 hr ago)
I've opened a long at 1.1600 and plan to add another position around 1.1590 if price gets there. My stop is 6 pips below that level. If the stop gets hit, I'm out and will reassess.
“Fall seven times, stand up eight.”
  • #105
  • Jun 16, 7:54am (13 hr ago) Jun 16, 7:54am (13 hr ago)
Quoting arjunansh
I've opened a long at 1.1600 and plan to add another position around 1.1590 if price gets there. My stop is 6 pips below that level. If the stop gets hit, I'm out and will reassess.
Missed the add-on to my long. At this point, I'm not sure whether I'll become a full-time trader before retirement or after it.
“Fall seven times, stand up eight.”
  • #106
  • Jun 16, 9:53am (11 hr ago) Jun 16, 9:53am (11 hr ago)
Quoting arjunansh
{quote} Missed the add-on to my long. At this point, I'm not sure whether I'll become a full-time trader before retirement or after it.
Update: Second order filled successfully . The plan is in, the risk is defined, and the worrying has officially begun.
“Fall seven times, stand up eight.”
  • #107
  • Jun 16, 10:43am (11 hr ago) Jun 16, 10:43am (11 hr ago)
Quoting arjunansh
{quote} Update: Second order filled successfully . The plan is in, the risk is defined, and the worrying has officially begun.
I cut one of my long positions for a loss roughly equal to my planned stop-loss. If price continues to fall from here, I'll consider that the right decision and stay patient for the next setup.
“Fall seven times, stand up eight.”
  • #108
  • Jun 16, 10:59am (10 hr ago) Jun 16, 10:59am (10 hr ago)
Quoting arjunansh
{quote} I cut one of my long positions for a loss roughly equal to my planned stop-loss. If price continues to fall from here, I'll consider that the right decision and stay patient for the next setup.
My remaining long is at breakeven. I may take profits around 1.16350-1.16400, depending on the reaction.
“Fall seven times, stand up eight.”
  • #109
  • Jun 16, 12:13pm (9 hr ago) Jun 16, 12:13pm (9 hr ago)
Quoting arjunansh
{quote}My remaining long is at breakeven. I may take profits around 1.16350-1.16400, depending on the reaction.
Didn't like the way price was behaving here, so I decided to close the trade at 1.16116 and lock in what I had. The 4H close wasn't particularly impressive in my view, and price is also hovering around a resistance area on the 1H timeframe. I think the market may consolidate for a while, especially with FOMC ahead. I'll stay on the sidelines for now and reassess tomorrow after the dust settles. Good night
“Fall seven times, stand up eight.”
  • #110
  • Jun 16, 8:21pm (1 hr 22 min ago) Jun 16, 8:21pm (1 hr 22 min ago)
Quoting arjunansh
{quote} Didn't like the way price was behaving here, so I decided to close the trade at 1.16116 and lock in what I had. The 4H close wasn't particularly impressive in my view, and price is also hovering around a resistance area on the 1H timeframe. I think the market may consolidate for a while, especially with FOMC ahead. I'll stay on the sidelines for now and reassess tomorrow after the dust settles. Good night
I got a nap, yay!!! Closed my long at 1.16142 when it started to decay after bouncing off the 'high of day' which came during the sleepy period of the day. (Very unusual but big boys are still grinding out longs from yesterday either selling to or still accumulating? Either way, ALL the activity last week was in the discount area.) Looking left there are still some stubborn Longs from yesterday's morning highs to work through. Next drawdown back to the arrow at the 200MA I may reenter another long if it feels like buyers come back in closer to the London session? Target on H1 is fill the FVG or highest please ;-) FOMC after NY session is half over gives plenty of playtime to go back to cash before the shoe drops IMHO.
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  • #111
  • Last Post: Jun 16, 9:15pm (28 min ago) Jun 16, 9:15pm (28 min ago)
While at the moment I remain Bullish looking at the 'Bull Elephant Bars" (white candles)for upside in to the FVG in the coming London session there is always the risk that big money is actually selling in to this 'Push Up' off last weeks drop and the current remaining holders from yesterday end up in the same boat with the longs on June 4th and 5th. The impact of the Iran conflict (presumably) closure is yet to be factored in to the USD possibly? I don't care either way just watch where price goes and whether there is fear or greed in the drivers seat day by day and hour by hour. Why? THE WHOLE F'ing WORLD IS NUTTIER THAN A FRUITCAKE. On a weekly chart the price is trending slightly to the downside under the 20MA blue line while the 200 MA is still rising.
Attached Image(s) (click to enlarge)
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