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Nemo_Confidat
Sep 14, 2020 11:00 PM

EURAUD in Focus; Getting ready to rock 

Euro Fx/Australian DollarFXCM

Description

Too many Longs down here! It would be very surprising if they didn't take them all out before a major move in the opposite direction.

Comment

A little bit more up close - 4hr.

Comment

If you want to go along for that upcoming, potentially massive Stop Hunt...

... look for a SHORT Entry around here.

Trade active

Initial SHORT Target: 1.6230

Comment

Our Main Target is: 1.6125

Comment

Boom!!

Comment

Comments in the Chart;

... aaand, it's also at the bottom of that major up-channel. Lots of things can happen here!

Trade closed manually

Getting out - for now! - @1.6235 on Bullish Hammer

Comment

Now, it's just wait-and see, what happens next?...

Comment

This just hit our First Target: @1.1620

Let's see what's next...

Trade active

LONG.'
We've got an absolute beauty here!

Let's work it!!...

Comment

You can BUY it up right here, @1.6200

with a 20 pip stop

Comment

... just don't get carried away here because we are still in a Stop Hunt!!

Trade closed manually


this does not look promising. Don't force it!

Comment

We took a -7 pip loss. Not too bad all considered, right?!

Comment

If anything this is still a SHORT here.

(HUGE Bullish Shark PRZ just below here!!)

Trade closed: target reached

Obviously we closed the Shorts right here;

Now FLAT, waiting for this thing to come back down into the PRZ.

Comment

So far +138 pips in 48 hours. Not too bad...

Comment

This should test the PRZ at least one more time...

... before it's ready to be bought up. Watching it closely...

Trade active

LONG

Let's BUY this up, w. a 20-25 pip stop.

Trade closed manually

Too early!! It is still coming back. -8 pip loss.

Trade active

BUY IT UP!! @1.6140

Comment

OK, we seem to be in good shape here!

-Bought the daylights out of it here;
- Booked +148 pips profit, coming down here, on this highly anticipated Stop Hunt;
- sitting on +38 pips of open profit.
We are cruising here, for now.

Comment

Looks good! - Long

Keep loading!

Comment

Just a reminder - the Daily chart;

.... where we sit currently.

Trade closed manually

We went FLAT @1.6180. +37 pips
Looks like this hunt ain't over, yet.

Comment

Let it come back down then we'll see...

Trade active

Nothing but LONGs here, right?!

Comment

Flat, flat flat!!
This hunt is far from over. Sit tight here - flat.
.... may be tomorrow?...

Comment

We've been Trading here;
AUDJPY

... here; AUDUSD

... and here;
Nasdaq100

... for a good 24 hours, by now.

Comment

Incidentally... might want to check this out...
EURJPY - 8hr.

Just what do you think is gonna happen here?!.... :-)
BTW, this can be found in this - ACTIVE - post:

... the Yen Crosses

Comment

EURUSD - Speculative Net Long positioning remains EXTREME! (...while shrunk slightly, last week.)

Comment

AUDUSD - Speculative Net Long positioning (COT) is steadily increasing (...while holding steady, last week.)

Comment

We are perched here, in this Active Post, for now;

... most likely for the better part of the week.

Comment

This is still on it's way down.

Still Major Stop Hunt going on here!!

Comment

Trade active

One last push to the Down Side...

SELL it hard!! Now, now, now! - SHORT

Comment

... then, once down there, it will likely be Da Spot where to bet the farm! We'll see...

Comment

EURGBP

One is still looking for SHORT Entries here because this thing is still in a massive Stop Hunt!! (some just still don't realize it, after all this time :-) + It is also obviously it is in that Bearish Bat's PRZ!! Act accordingly...

Trade active

Going into next week...



... we will be looking for SHORT Entries, here.

Trade active

========================= September 28, 2020 ----------------------------------------->

Trade active


Looking for a LONG entry here...

Trade active


LONG @1.6503, 23 pip Trailing Stop. Target: 1.6650

Comment

Now that everyone is LONG here (and already in the green; i.e. ++), right?!...
Here is the deal;
- If you plan to manage this trade yourself while planning to sit on it (Long) all the way up to 1.6650, you probably need to extend those Trailers (trailing stops) to around 45-50 pips.
- On the other hand, if you plan to keep an eye on this trade and adjust those stops every 1-2 hours then 23-28 pips should be sufficient room for this trade.
Just a thought...

Trade active

IFF, for any reason, your stops got hit around here - 1.6475-90 - get back in there (very!) LONG! - Tonight's stop hunt looks like it's over and this thing is turning into the wind - ready to take off. (Everything else stands from earlier.)

Trade closed manually

Closed out LONGs because this thing is headed down for one more stop hunt @1.64560, before moving higher.

Trade closed: target reached

Covered SHORTs @1.6355 for +200 pips

Currently FLAT.

Trade active

Buy it up! - LONG

Target: 1.6430

Order cancelled

Comment

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Comments
Nemo_Confidat
.
theyfollowme
Very nice!
Nemo_Confidat
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