Absence of Liquidity in EUR/USD for past 4 Days

dushimes · March 9, 2021, 11:34pm

Yes.
AUD/SGD
USD/CHF
GBP/AUD
USD/DKK (my favorite!)

ponponwei · March 9, 2021, 11:36pm

Oh wow haven’t ventured into those pairs! How’s AUD/SGD?

dushimes · March 10, 2021, 12:35am

Upward channel. It recently pulled back and heading up. But it moves slow and steady. I have a wide SL that I would like to move up, but it could pull back again as it’s a bit far from the support line.

tommor · March 10, 2021, 6:12am

No, I left off going long on this - I’m long GBP/CHF, GBP/JPY, AUD/CHF and AUD/JPY. I’m going to let these play out a little bit before adding.

tommor · March 10, 2021, 6:50am

Plus I really wanted a slightly deeper USD/JPY pull-back.

perryjohn765 · March 10, 2021, 7:45am

@dushimes thats indeed a brave move. I never thought of trading on these pairs. but thank you. I will try now moving away from the majors for a few days.

dushimes · March 10, 2021, 7:51am

I’ll have to check these out! I recently scanned all the pairs for long-term trades and took notes.

But I didn’t scan then for shorter term trades.

dushimes · March 10, 2021, 7:53am

Do you range trade at all?

dushimes · March 10, 2021, 8:48pm

I’m not in yet, but EUR/USD is moving nicely on D1.

I wanted to jump in impulsively, but I stopped myself. I’ll probably set a buy order at 1.19380

I just placed a buy order for EUR/USD. But with a TP @ 1.21431. We’ll see how this goes. I didn’t risk the full 2%, but 1.6%. I had to use a wide SL. I didn’t have time to make an order yesterday and it cost me. So, I’m doing it today.

However, there is a possibility that it bounces the MA20 on D1 and keeps going down. I’ll have to keep an eye on it and be ready to close it near that zone.

CraigForex2020 · March 11, 2021, 12:12pm

I do this too. I like my risk management to be fluid. Its not always as simple as 1%/2% a trade

dushimes · March 12, 2021, 9:01am

EUR/USD is acting like spoiled little brat, right now. Just does whatever he wants. I’m waiting to see if it bounces the D1 MA20 as resistance. I’ll open a short position after bounce confirmation.

Check this out:

I should have seen this sooner.

dushimes · March 14, 2021, 9:27am

Here’s the USD/JPY W1

It looks as though there’s resistance within the triangle. I’m waiting to see what happens. This’ll be exciting!

dushimes · March 21, 2021, 6:53pm

I hope this chart makes sense to others.
On this D1, price has bounced twice. Drawing a trend line from the bottom of its upswing to the first arrow…the second arrow points to where price has bounced that support line again.

It’s bouncing an old support zone from 2005 and 2006. I think there is a wider channel and it could upswing big. Over 450 pips over the next 3-4 weeks.

It’s currently ranging. I think I’m going to wait for the first candle to close outside of the current range.

Any thoughts about this upward channel?

Here’s the W1:

ponponwei · March 23, 2021, 6:30pm

Good spot. It’s in an interesting place now based on that perspective. BTW, I got out of my short at a small loss, got scared and got out lol. Will wait for more confirmation before reentering.

dushimes · March 23, 2021, 7:07pm

I’m just trading the range for now. I’m waiting for the breakout. My funds are all tied up with other trades.

So, I can’t even properly trade the coming swing. Liquidity is low, so, I’m at my limit to avoid any margin calls.

dushimes · March 26, 2021, 10:32am

@ponponwei

Your USD-JPY is moving, but getting close to resistance!

ponponwei · April 6, 2021, 12:37am

Yes well I got out which is now looking like a great idea lol.