EURUSD

Long Silver here .
Stop bellow the low for today , 3-4 hours back it was .

No change views , correction try to continue correction/ pull back to 1.0748/0716 but no as there a bear structure at top due extensions it should do more pullback towards 1.0640 to even 1.0555. today/next day may try for up candle towards 1.0886 or can be a failure now or any moment ,unreliable risky long for bull for sure/ short at a top if get chance to . Take care , fontu

Note : this weekly close above 1.0796 & high 1.0909 should get maximum efforts to stop success .

Ok, first fk up. Stopped.
Became a bear now:
SL 1.0757
sold 1.0746
T1 1.0735
T2 1.0724

Worried about 1.0736 - 40 support area. We might have range today after all, ...as I initialy thought in my intraday outook.

Enter small size, keep your stops WIDE, way out of daily traffic/noise.
Risk remains off. Only apply a tiny fraction of overall portfolio risk on this!
It is a good time to position yourself, but -KEEP IT SMALL-

(this is NOT intraday trading!)

Also interesting for positioning:
Longs: AUD/USD, NZD/USD, EUR/GBP (risky!), Gold, Silver
Shorts: USD/CAD, USD/CHF, AUD/JPY + NZD/JPY (my best positions, the only two markets I scaled up)
Markets are in corrections, which gives us good prices. Don't panic if you hold positions in these (I do). It will pay off

@kittykann: french elections in europe (Le Pen will lose, big guys will switch Risk on, the damn thing will turn into a bull market. Not today, not tomorrow, but it will) If you want to buy the bottom and can sit on it for a few months, this is the time to do it. Intraday prices I don't care on this. I bought 76-75, will buy 71 and below. Small positions! (and yes, I do hedge some of it).
Also (this is "the bigger picture"): Smart money takes a while to reposition themselfes into a weaker USD. This is already in the process (see large moneyflow into Asia lately) Moneyflow slows down, lot's of money has been shipped into save harbour, smart money now waits and I think they are about to finish their repositioning. A little late in my opinion but big things move slow. Markets will turn upside down once the big money is positioned that way, and this is what they do. The other option would be "ship out and go on war against Trump". This would be a historic event and I can't believe they are stupid enough to do this. It would cause a massive desaster on the global situation. For the same reasons, they wont let nationalists in europe take over (they'd be really really stupid if they let this happen)
Keep in mind, governments don't rule the world. Intrabanks rule the world. (I don't name them but the names are well known)
Also, the stocks bubble needs a controlled scale down, which will lead into a weaker USD. All this indicates a stronger Euro when the political situation in Europe calms down (end of year after german elections).
It's not an intraday trading situation. It's a positioning in a time when markets are off risk and slow, for potential scale up in risk on mode.
I see it on the charts when they do, and if I'm right we make a lot of money on this on very low overall risk. If I am wrong, we lose.
You can not win when you don't risk. I can be completely wrong with this, but it is very good RR and I take very good RR deals anytime.
Hope this answers your question

one day someone will walk into the golfclub and pick up the phone....

I think EUR/USD is making a bearish pennant so caution to the bulls is advised.



I have my short pending order @ 1.0736 with a target @ 1.0690 (S2) and a Stop @ 1.0772

Well, Not like anyone knows where the market goes but I'd like to start building LONGS from at least 1.068... If there is anything I would like to learn more, it will be getting a better entry (atleast within 30pip range)

I like your idea of small lot size and that's a good MM for Long term trades

hit my stop at 0

Morning

Still no longs..
Waiting, monitoring ...patiently

It looks like great to keep shorting this pair
Nice pennant, love them!

Weeeeee, T1 1.0735 already hit, That was quick. That's how I like it!

"I like your idea of small lot size and that's a good MM for Long term trades"
now you hear me

good deal. aussie looks stubborn don't want to let go possible that it wants higher before dumping. I got 7690-95 for shorting.

Short from 1,07365
SL 1,07766
TP 1,06763

I have been following aussie for a while now.. I gotta say that pair looks crooked to me..

0720 decent support unless cracks big time swissy overhead supply soon don't see a reason to short now could be an expensive experience.

carry traders just don't want to let it go in free flight )))

sure passing hard times & that is why not simply simple signals level 0.777 as nominal to the next 0.7833 failed hit by this for real target min 0.8173 .ok do a little crush to pave the foundation more strong to better next time . for small movement may hit/ breaks 0.7628 for next minimal target 0.7684 .Take care ,
fontu

push higher coming up but not until this picks up more buyers @ 7550 H4 expanding triangle.

Closed half for +10 on both, half still running for 0.7637

in long EU 1.0735, pending missed at 1.0629 by pip or so atm

Today targets t1 1.0723 t2 1.07095 , long term target t11.0659 t2 1.06079