Entered 5th long at 1.20799. Avg position = 1.2118. It looks like we have hit bottom. If it looks like it's capping before I get to BE then I'll close with a small loss. But this is likely a bear trap. Good possibility for retrace up to mid 1.21s or ...

EURUSD Club - Get Your Trend Right

Well, it turns out that my original technical bearish view was spot on. But I ended up doubting it because of the fundamental news, and figured bulls would take over temporarily. The market's reaction to the stimulus news ended up being the opposite ...

EURUSD Club - Get Your Trend Right

Good job!

EURUSD Club - Get Your Trend Right

I need to go to bed, but I would like to get a position for the bull run in London session. But the bears might push the price down a little bit first. I just don't know how far down. But downside is limited due to upbeat risk-on bias stemming from ...

EURUSD Club - Get Your Trend Right

Bears finally pushed through. Closed my shorts at 1.21453. Bulls looking anxious to get in for the ride up to 1.22. I'm just thankful I could get out with a few green pips. Will wait until London/New York session for next development. See ...

EURUSD Club - Get Your Trend Right

What is the basis for your prediction?

EURUSD only

In your case, I would enter TP at BE. Tomorrow is another day. I'm still planning on shorting the tops if it doesn't go down yet. But please don't just follow me. I barely even trust myself here. I don't really operate by a set system. It's usually ...

EURUSD Club - Get Your Trend Right

Me too. So, now it's a "watch and wait" game throughout Asian session. No hasty reactions. I admit that my entrance was hasty. Could end up as a costly mistake. But price is still likely to drop some since we're at the top of the channel. I'll be ...

EURUSD Club - Get Your Trend Right

Yes, indeed a mental stop loss is important to use once it's obvious that the overall trend is going against your trade and not likely to return to your position anytime soon. I've seen how you did that. When you were on the losing side, you waited ...

EURUSD only

H1, H2, & H4 all closed with plateau tops. What now? Failed to break out to the upside again today despite some bullish volume.. Gotta go down now Bulls are waiting below 1.21

EURUSD Club - Get Your Trend Right

Just look at that. 30 minute candles never closed above. Plateau top = big drop. I may be wrong though... image

EURUSD Club - Get Your Trend Right

Oh, it's going down now. Possibly new low today yet. Let's see.

EURUSD Club - Get Your Trend Right

That is the very reason I HATE stop losses! Too much confusion and stress for nothing. I have a scalping and drawdown manual trading strategy that seems to work better due to my lack of professional knowledge and experience. So far it has ...

EURUSD only

Closed my 3rd position for +7.6 pips. Looks like it might go higher. I may be wrong... Will add short if it goes up again.

EURUSD Club - Get Your Trend Right

Entered 3rd short at 1.21728. Avg position = 1.21565. TP remains at 1.21184 But if I'm in the green and PA looks bullish again, I will pull out manually. Never be greedy...

EURUSD Club - Get Your Trend Right

But we have a spike up instead. My strategy is now to hold and wait until the bulls are finished, then short the top.

EURUSD Club - Get Your Trend Right

Another low today on DXY or EUR/USD? Please clarify. Thanks!

EURUSD only

Any guess how the Powell speech should affect PA? 14 min to go...

EURUSD Club - Get Your Trend Right

Lot sizes are the same every time, except for 1 point so I can close them individually if necessary. Like if .01 lot or 1,000 euros is 1/8 the size of my account, then I go in 1st 1,000, 2nd 1,001, 3rd, 1,002, etc. If they are all 1,000, then I ...

EURUSD Club - Get Your Trend Right

It's dropping now... Changed TP to 30 pips at 1.21184 But am prepared to close manually in the green if bulls kick in again.

EURUSD Club - Get Your Trend Right