EURUSD

What....you're about to go to the toilet.

Such as? McDonald's is re-introducing the McRib?


Another Bigfoot sighting?

As he has vanished lets play guessing games and help him anyway....

Chart looks like 5 minute

Price has made two lower high and is moving down and after 7am the chart is in steady regular bars.

the entry bar is long red compared with the others - did he enter start or end bar? actually I think he is suggesting that he entered at the break of the dotted trendline.

So obvious points are:

the TL only has two points from different directional wave at time of entry - not a valid TL for most people - better to have been drawn up the rising channel then traded the break there which would have been on the big red down bar.

the entry is half way down a move which has fallen far from the upper trend line - standard deviation applies expect a ping back.

the entry is also in the lower part of the bands on chart and likely to bounce back when it hits.

the entry is at or very close to a potential strong support point that has been mentioned lots today on here.


Not picking - helping

timing is everything direction is easy. if you want to short look for pullback to a TL rather than a breakout especially on M5, be aware of potential support and don't short in it's face.

try to avoid gettting in in the middle of a move down wait for consolidation or pullback

these things will save your account and your stress

thank you. im going to go back and revisit that entry.

More QE?

Let me guess, within the next hour and a half?

Big macro factors do affect the EUR/USD long-term (interest rates, FED/ECB balance sheets, inflation) but the EUR/USD is correlated to the S&P. S&P goes down, so does the EUR. Algos inflate the S&P after the London close, EUR/USD mimics the move.

Knowing this correlation, I often check the S&P futures in the morning. It helps me determine market sentiment, usually corroborating on the 3-6am action. Moreover, based on this correlation, I don't expect pretty things for this pair very soon.

Last activity from my side has been a full size reversal (A REVERSO) @ 1.21150 ...

Took profit with A REVERSO order @ 1.21150 ...

17h24 CET executed ...

Covered as well again with profit + 20,5 Points ...

Covered @ 1.21355 ...

19h03 CET

And now I'm a little bit tired ...



Tired of reporting for you too ...







;-|

we go to 1.2176 now

chowwwwwwwww done for the day

Yes but you're so full of shit that you going to
the toilet would be a very big move.

Your not Turmaz are you?

should i go short now(on 5 min)?
anyone entered short?

Down we go?

No SL No TP for the moment

I think so too, I entered short.

short too, but a little late due te slow speed of smartphone

Shorting feasible in 1,2180-1,2200 range.

And ?




;-|

the market is so friggin volatile today, why is this?

Whats makes you short here? Could you share your chart?