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Fiber

$EURUSD - End Of London Buy - Odd Displacement candleI try to keep my trading to a minimum and only during certain times. At the end of London is one of them and though I failed my EURUSD call last night, It was my fault for not checking the calendar on the financial status of the euro's interesr rate, I believe it was. As it was coming down just around London close I noticed an odd candle at the perfect spot I like to trad with a fib and decided I this should be a buy scenario. So A buy it is but we'll just have to monitor where I'll be taking profit along the way
Long
by BodiesXWix
$EURUSD - 4HR Order Block Sell 2:1 RR (SMT)You have two solid bullish candles from yesterday that did not crack a previous high. The high came after a rejection bearish candle. The two solid bullish candles were over shadowed by two waining bearish candles and one engulfing candle taking us down to the low of the week.. so far. Generally in a weekly structure that looks like this, the actual weekly low comes on a Thursday. With the price gaining ground to entering these two solid 4 hour bulish candles (also bearish order blocks because the price is now below them), the DXY has continuously been gaining bullish momentum, and even though the EUR is the strongest of the currencies, that still doesn't negate the fact that there are very bearish tendencies in this setup. With time nearing in on the EUR open, I wouldn't be surprised to see a quick jump up to start the process as it did last night. I have 1.21000 marked as a safe spot to enter as that is near the low of the order block, However I am expecting it to get at least to the yesterdays Asian Range Low 1.21072 and the 1 hour bearish order block 1.21096. So not much of a window, but that's where I will unleash most of my lots when it reaches that level. While also having varying stop losses to mitigate risk with the highest being just around 1.21325 which is the top of the bearish 4 hour order blocks and 1.21250 which is just above the 1 hour order block. \* See Chart */ I find making multiple variances on entries and Stop Losses help in tremendous ways when mitigating risk, in case the whole trade goes against you, you've relieved some of your lots at an earlier phase but even if it does break that first stop loss threshold and there seems to be a momentum change, you can easily add another position, and gain it back plus some. That's just my strategy on how I play the game. But I could be completely wrong. I mean, what do I know. I'm just some guy that tries to follow smart money theory and apply it to charts and hope that it works. I could be COMPLETELY WRONG. So with that being said Good Luck and Good Trading :) p.s. Trend Lines and Channels are just a by-product price levels combined with time x price theory. They're not real and they you shouldn't rely on them as trading signals.
Short
by BodiesXWix
1
$EURUSD-Banking on a False Breakout? - Working with Levels (SMT)Yes, I know my chart looks Sloppy, but when you analyze the 5min chart for price action, it's going to look that way. Now... First Piece to this puzzle DXY RSI divergence with Price Action. Looks like we should see a bullish Dollar after breaking a new low. And I wouldn't trade this Until we have confirmation that it does break a new low and/or comfortable with the fact that we can confirm a bullish dollar. Otherwise this trade will be a waste of money and time. Second, there are baked in unseen natural support and resistance prices that take place at the 0 ,2 ,5 ,8 levels. We say this last time when EURUSD dropped good ways from when it hit 1.18800 a few weeks ago. So therefore I have a few levels in place anticipating such action. 1.195, 1.198 nd 1.2, Where the previous high was reached. If I get a 30 pip drop from any of these levels, I think it would be wise to pay yourself and move stop loss accordingly after doing another evaluation to mitigate losses. Check to see if the low has been broken and where this falls in comparison to the baked in Support/Resistance levels. I would personally trade the false breakout at that point depending on If when it happens. Third, Yes, we did break a high, yes the 4 HR and Daily are possibly going to have a closed candle above the "Resistance." Does that guarantee a breakout? Usually.. never. It takes time to build out from the Market Maker Buy/Sell Model and I believe we're at the top or nearing the top of a sell. However, I'm not sure it would be in my best interest to trade this on a Friday. Or Monday for that Matter. However, if you're a swing trader, you can definitely use this as a False Breakout set-up. Multiple levels on the left where price action has occurred previously that may result in a reversal so these are key levels at which I like to analyze when reach and see if there is a need to take profit or not. We shall see as price moves along throughout the day, I'll be watching the DXY and the EU to see if I would pull the trigger. I could be completely wrong about this, but what do I know. I'm just some guy who likes to post his ideas. Good Luck and Good Trading.
Short
by BodiesXWix
1
$EURUSD Swing Sell Underway - Another one So this Blue Horizontal line that I've had on my charts for quite some time represents a significant resistance/support line for the past 8 years or so. I call the daily bias for the EURUSD to be a sell, and it was overnight and when I woke up I immediately exited the trade with a mere but decent 20 pips, closing the trade at 1.18337 about 8 hours ago. The move shifted sideways and then within the last part of the day I noticed the strong surge upwards, until it hit my resistance line that has been marked for weeks at 1.18790. I kinda looked at it for a second. Then I looked at the big picture and thought this could be another swing trade. So I went for it. Within the previous day it has attacked a daily high and a daily low but has not broken either of them. So tomorrow it's going to be a given that it will break one or the other. So I have set up second entry zone and that is just above the next two daily highs and allows for a stop loss above the 3rd daily high. I will probably try a combination of entry points and stop/losses to mitigate risk as I always do. Never put your eggs in one basket!! Where I drew my historical support/resistance line just happened to the bottom of an Order Block. (See Chart) As for Take Profit Goals, I chose 1.17400 because it's just below the current swing low and it's an institutional/psy number. No one at a bank is going to be aimin for 1.174214. And it also comes in contact with an order block that could turn the trade north depending on what time of day it is when it gets there. My second take profit area is 1.17000 which is just above a 4 hour low/swing low of 1.16978 and just below a daily low. Once/if I hit these zones I'll leave about a 5% profit trailer to roam to see if it gets lower while my s/l is below entry. Again, the Commercial banks are very net short with EU even though they have been adding longs. I did check the Open interest last night and it seems to be steadily rising, which wouldn't necessarily call for a sell. Unless a drop in interest has just happened or is about to happen. Here's a chart with the COT report, stochastic with interest, and Money flow with interest rates. The Money Flow Index with the Open Interest seems to be Diverging which would signal a sell in the near future. I'm not expecting it to turn around and sell off now. But I do Expect a struggle, probably breaking the highs (barely) before dropping a few hundred pips by the end of next week. Also Linked is every EURUSD call I've made so you can see the timeline of how bad I used to make calls, and my progression to making better calls and realizing where I went wrong with incorrect ones. At least now they're all in one spot. During this period I'll be trying to add more positions as well as give a breakdown of price action on this thread as the trade moves along. Just my two cents. And just a reminder, I could be completely WRONG. I'm just some guy with a 9-5 job that likes to post his ideas on here :) FX:EURUSD
Short
by BodiesXWix
1
$EURUSD - Practicing Daily Bias - Short for now on 11.19I'm practicing the reasoning I would have to trade a specific direction for a daily Bias. Today, November 19, would be a sell bias. We've reached another resistance area that could not be broken and have a few daily lows that can easily break. Not only that, there have been some false breakouts aka "Turtle Soups" that have resulted in a short drop followed by a shallow retracement into an optimal trade entry. Seeing two of these in the same area within about a week's time frame would leave me to believe we would be selling off to break at least a few of those lows. I have it stopping around an Order Block to see what the reaction might be at that point. Keep in mind the are still equal highs above which it will want to break, it's all about the time as to when that will happen. Anyway, this is more of a journal entry than anything. But I am short, I just didn't get the entry I wanted but I'm confident it will move in the direction intended on this chart. We can only wait and see. FX:EURUSD
by BodiesXWix
$EURUSD - Daily Bias Long - Waiting on Pullback 1.7835 (SMT)SMT = Smart Money Theory After looking at this from multiple time frames, price action needs to have a daily bias and after today it seems to have turned from the sell to a buy bias. Price seeks previous highs and lows to break and now we have multiple highs in succession and it is close to those highs. However, there needs to be a pull back before moving forward. So I pulled a fib from the most recent explosive movement to the most recent and daily high. The 62% retracement seems to lay right on top of the 4 hour chart Order Block. That price is at 1.17833 (Smart money we'll round up to 1.17835 or 1.17850) for an entry which is also the 62% retracement level. Cha-ching! (4HR CHART - BULLISH ORDER BLOCK) I think it's also safe to assume that it could get as low as 1.17110 it (near the 79% retracement level) because that is the low of the previous Asian Session as well as a previous Daily High and a Daily Low. It shouldn't get below 1.17585. however I would personally place my stop loss 10 pips below that (1.17585 is what is pictured) Once it hits the 4 hour bullish order block it should push higher and try to reach for each of the previous daily highs. If I need to hold over the weekend, I will. Looking at the dollar it looks as if it will push higher breaking highs, then hitting an order block before pushing lower which would cause the exact opposite reaction in EU which is what is proposed. (DOLLAR CHART) I've tried to look at this as if it would sell and I can't make sense out of it so that's why I believe this is likely to happen. And as I always make a disclaimer, I COULD BE COMPLETELY WRONG. What do I know? I'm just some dude that likes to post his ideas. Good Luck and Good Trading! FX:EURUSD
Long
by BodiesXWix
6
Euro Dollar to spike before a Sell-Offthe pair is completing a complex corrective cycle labeled as W,X,Y, which in my opinion can be already done and we will start looking to short the pair from current levels. however because of the US Elections today im assuming there might be a more Complex scenario that can push the euro higher to an extended wave (X) before falling down. thats why i will be putting sell limit orders on the eurusd near 1.1899-1.1905 with a tight stop loss near previous high trying to avoid the noise or the volatility during Election Results. Good Luck Traders!!!!!!
Short
by josephdahrieh
Fiber, expecting more down in a corrective fashionThe previous trade is in the play (in profit and stop loss moved to profit too), so far exactly as forecasted 👍 As you can see on the chart, I copied and placed a possible pattern we're expecting to see here too and that explains our idea clearly. Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too Find us on social media 😉 ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Short
by Forexian
Next $EURUSD Sell in this Swing Trade - 1.18198As price rapidly drop at the end of the day I could easily spot the next movement price action would return to before going lower. Trade against it to the point if you wish or trade with it and add another position if you're still in my long swing trade with me. Entry will likely be around 1.18198 (allow room for broker) and it will trade back to the low it just created giving another 25-30 pip scalp or just keep holding until we reach TP3 (Which i just below the current low formed) Or until we reach the final take profit of the swing trade near 1.16800-1.16600. I'll probably leave a trailer on just to see if it can get lower since I've been holding my original trade at 1.8400 and 1.18550. And just adding icing's on top of the cake as we go. I don't expect this to hit in the Asian session, but more likely the London Session. Today's trade took two full days to form as I called the same trade that happened yesterday morning but it never developed until today. So who knows, it may slowly retrace all day tomorrow. But as far as my price action skills are concerned, another sell underway at 1.18198. FX:EURUSD
Short
by BodiesXWix
My two $EURUSD Sell Limits Same as I had earlier this morning. The Asian session solidified my thoughts. Having two positions just in case it retraces deeper than first thought. See related chart for this mornings idea on the pair. Also sometimes you need to break down to the 5 MIN and 1 MIN chart for specific price action movements for these determinations but still using the daily chart as my overall directional bias. I place the fib on the bodies of the candles in the 5 min chart, wicks can differ wildly depending on broker. This gives you the best accurate reading of the chart from a fib standpoint if you want to enter at 62% or 71.5%.
Short
by BodiesXWix
$EURUSD Short - Pulling Back For Another SellI have two depictions as to what could happen and one may have already happened but I don't think so. It has barely touched the 15 minute order block for it to be selling already and there's too much movement in the 5 min chart that Il'll show here. There are two 5 min order blocks that price could reach before returning lower. The first around 1.8305 and the second around 1.8412. This could used to add another position to a swing sell I have that related to this idea (which is why you see the TP1 running through the middle of my charts) or it can be a quick 20-30 pip scalp. depend on which position you choose and which it actually goes to. it appears to be enticing buyers with a stop loss but I don't think that's all it's doing is trying to attract buyers. Fingers Crossed.
Short
by BodiesXWix
$EURUSD - Massive Swing Sell UnderwayAs soon as price entered around the Bearish Order Block of 1.18400 I expected a rejection and on the 5 min you can see one. (Order Block Formed) (Rejection) Tell-Tale sign we're in for a big drop that could take days/weeks. If it start's to push in higher, I would honestly expect that too as I've been taught that the orderblock is most likely to get priced halfway through but can get to the other side with a little extra room. So it could still buy 20 pips before I really expect a selloff. Maybe 50 pips. But Less than 10 min into posting this and it's already been the best entry you could ask for on a sell if it sustains. But the main thing was the rejection upon entering the block. And we saw that. Now it's just a waiting game. Commitment of Traders still has the pair net short so I'm still expecting quite the sell off. Selling and preparing to hold for the long haul. Long term I think it could get as low as 1.14000 due to CoT Expectations. But previous years, the CoT may suggest a shorter drop with the crossing of Net Longs to Net Shorts and Price Action. I expect to ride this down to 1.16800-1.16500 and we'll see what happens from there.
Short
by BodiesXWix
2
$EURUSD - Hit Equal Highs - Retrace - Buy into the Swing SellWaiting for EURUSD to retrace (If it does) to buy. Espeially if the 100% Symetry is around the 1.85000 level. That is the spot I'm looking for the swing sell on the way down. But only if this happens before London close. If we sit in consolidation or I don't see a sharp rejection soon, I may rethink my entire idea. Just trying to read price action at them moment to determine the best solution. Didn't reject. Scratch the buy opportunity.. it's pushing to hard, I'm just looking for the swing sell into the order blocks.
by BodiesXWix
EURUSD - Consolidation/Bearish Environment. Hello and welcome back. If you found this idea helpful, please leave a like. EURUSD is in an area where we could go into consolidation. It was unable to go higher last week. From a directional standpoint, if I were to choose a side, I see lower prices targeting the lows at 1.1685 and if we run hard, 1.1615. It is very hard for me to gauge anything due to the current environment we are in right now with the U.S election and so forth. Overall, if I were to choose a side, I see this going lower. We've got news on Friday and on Monday for Euro which may cause something.
Short
by TheMystiqueTrader
2
Fiber - time for shortWhen I work, I try to KISS it. (Keep It Super Simple) Don't want to confuse myself with too much stuff on the chart. I don't like to look at other traders' theory or what they think, (I don't mean my analysis is better, I mean looking at other people's work, interfere with my way of thinking and energy and make me question my judgment. I have love for and praise all the traders in the community) I have my own style and focus on it as much as possible. Will be I wrong, every now and then? Yes. But I like it cause it is instructive rather than destructive. It leads me to a better path by teaching me where I was wrong. For EURUSD, I see a short opportunity. Especially with what is going on in the world (COVID-19), I believe the actual downfall hasn't even started. (I hope I am wrong, cause if I am right, it means chaos!) Wait for the move no 1 first. When that is complete, aim for the 2nd move. Do your SL and TP properly. Min. RR: 1:2.5 (at least) I tried to make everything in the chart. Do your own risk and money management. Be safe. :) Sepz
Short
by Sepz2020