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EURUSD only

  • #228,541
  • Jun 17, 10:31am (6 hr ago) Jun 17, 10:31am (6 hr ago)
Quoting Ahmedskaf
Beware of level 1.15850, as the bulls are fiercely defending it on the M15. {image}
that level is also the london low, or right at it. I was expecting a reversal with strong confirmation but i believe this news has stalled the market.
  • #228,542
  • Jun 17, 10:39am (5 hr ago) Jun 17, 10:39am (5 hr ago)
It's like a Mosh Pit on the lower time frames...I'm wise to the ways so no worries. hehe
When you don't know where your going, any road will take you there.
  • #228,543
  • Jun 17, 10:53am (5 hr ago) Jun 17, 10:53am (5 hr ago)
Quoting Ata-Turkoglu
{quote} Sure... but first... you must understand the weekly story: On weekly chart below, the long term bull trend actually shifted to bearish with a deep drop. That way, 1.1622 area became breakout level and main resistance. BUT, banks soon started their classic shenanigans and created a fake rise as if the drop never happened. Many were tricked that price will continue higher. Meanwhile banks were simply just getting rid of all their excess Euros. Selling it to the masses. Then, not soon after, of course candles dropped back below the breakout...
Clear. Thank you
  • #228,544
  • Jun 17, 11:01am (5 hr ago) Jun 17, 11:01am (5 hr ago)
Quoting Ata-Turkoglu
M15: I got stopped out but re-joined... Happens all the time... Rinse & repeat selling.. {image}
I scalped buys since last night (52 lots /6e futures). Did well. Now we wait for Fed....
  • #228,545
  • Jun 17, 11:04am (5 hr ago) Jun 17, 11:04am (5 hr ago)
Ultimately, it seems we'll continue to decline. However, the news could quickly change things.
Good luck!!!
  • #228,546
  • Jun 17, 11:14am (5 hr ago) Jun 17, 11:14am (5 hr ago)
Assumed 1.15940 was being actively protected, so I took a short there. TP set at 1.15830
  • #228,547
  • Edited 11:45am Jun 17, 11:32am (5 hr ago) | Edited 11:45am
Quoting Gecco8
{quote} How do you set your initial SL for these late sell positions? I know you set mental stop-losses, but I would guess you use a hard SL initially right after an addon position. I do it by orientating on closes above certain MAs I am using. How do you do it?
No... I don't use real stops because I am sitting in front of the screen.. I prepare charts.. I watch news.. I do a lot of things while chart is flowing in front of me.. So I can interfere manually whenever I see danger or shift in flow... I always have mental stops.. I know what to do if the winds change direction!

Instead of stops.. get used to "candle closing price" based decision making. Meaning you don't touch your order once set and only come back with every candle close on that specific timeframe. You decide with every new candle close what to do next.. That's why I love H1... I can leave screen and come back an hour later to decide...

Anyways.. Let's focus on EURUSD.. This thread is not for Q&A...

Best wishes
Focus only on what truly matters!
  • #228,548
  • Jun 17, 11:43am (4 hr ago) Jun 17, 11:43am (4 hr ago)
Quoting EuroMiser
{quote} I scalped buys since last night (52 lots /6e futures). Did well. Now we wait for Fed....
Check out H4 chart below:

Yes... during the blue phase (1) we had some sort of bullish breakout and those who were buying have benefited.

BUT I had weekly resistance marked as a thick yellow zone.. To me, joining bulls while price was ramming this resistance zone made me think that buying dips was not worth the risk.. So I focused on selling, even during the blue phase (1) and had much more confidence once the first bear candle appeared and started the red colored phase (2)..

*I also watch 1.1585 area.. If my wma line rejects bears, we could go back up again to retest my weekly resistance.
**However, if bears win, we could go lower to 1.1584-ish levels..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 32 KB
Focus only on what truly matters!
  • #228,549
  • Jun 17, 11:58am (4 hr ago) Jun 17, 11:58am (4 hr ago)
Quoting Ata-Turkoglu
{quote} No... I don't use real stops because I am sitting in front of the screen.. I prepare charts.. I watch news.. I do a lot of things while chart is flowing in front of me.. So I can interfere manually whenever I see danger or shift in flow... I always have mental stops.. I know what to do if the winds change direction! Instead of stops.. get used to "candle closing price" based decision making. Meaning you don't touch your order once set and only come back with every candle close on that specific timeframe. You decide with every new candle...
I just love your way. I am a maverick too. I don't like following conventional way of thinking. hourly charts is the best.
  • #228,550
  • Jun 17, 12:06pm (4 hr ago) Jun 17, 12:06pm (4 hr ago)
Quoting Ichie.Crypto
{quote} I just love your way. I am a maverick too. I don't like following conventional way of thinking. hourly charts is the best.
Thanks mate... yep.. I love to follow my own path along H1... but more importantly: I love this game!

Cheers
Focus only on what truly matters!
  • #228,551
  • Jun 17, 12:11pm (4 hr ago) Jun 17, 12:11pm (4 hr ago)
Quoting Ata-Turkoglu
{quote} Check out H4 chart below: Yes... during the blue phase (1) we had some sort of bullish breakout and those who were buying have benefited. BUT I had weekly resistance marked as a thick yellow zone.. To me, joining bulls while price was ramming this resistance zone made me think that buying dips was not worth the risk.. So I focused on selling, even during the blue phase (1) and had much more confidence once the first bear candle appeared and started the red colored phase (2).. *I also watch 1.1585 area.. If my wma line rejects bears, we could...
This sell idea is on spot. I have been eyeing this move
  • #228,552
  • Jun 17, 12:13pm (4 hr ago) Jun 17, 12:13pm (4 hr ago)
Plan for the next few days, based on the Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 23 KB
  • #228,553
  • Jun 17, 12:19pm (4 hr ago) Jun 17, 12:19pm (4 hr ago)
I am expecting shorts on EURUSD and the price is followin the 4H trend.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 49 KB
  • #228,554
  • Jun 17, 1:01pm (3 hr ago) Jun 17, 1:01pm (3 hr ago)
i was not short on that one
  • #228,555
  • Jun 17, 1:08pm (3 hr ago) Jun 17, 1:08pm (3 hr ago)
Quoting anarchist4
i was not short on that one
Retail traders are advised to stay away when fundamentals are being published
  • #228,556
  • Jun 17, 1:09pm (3 hr ago) Jun 17, 1:09pm (3 hr ago)
all tps hit , good bye all.
Anyone who has never made a mistake has never tried anything new.
Account Building Attempt #2 All Time Return: 48.2%
  • #228,557
  • Jun 17, 1:11pm (3 hr ago) Jun 17, 1:11pm (3 hr ago)
Quoting Prosecuted
{quote} Retail traders are advised to stay away when fundamentals are being published
ok sir
  • #228,558
  • Jun 17, 1:13pm (3 hr ago) Jun 17, 1:13pm (3 hr ago)
Good to finally get volatility out of this range and wait for retest.
  • #228,559
  • Jun 17, 1:14pm (3 hr ago) Jun 17, 1:14pm (3 hr ago)
Such beauty from FOMC
  • #228,560
  • Jun 17, 1:15pm (3 hr ago) Jun 17, 1:15pm (3 hr ago)
Closed latest shorts here at 1.1547.. Calling it a day folks...

Happy trades
Focus only on what truly matters!
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