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Bradfxx Nov 1, 2017 2:37am | Post# 1137801

gmt: 6:35 cmp: 1.1644...
touched 1.1625 and bounced back....ok the sL area 1.1630 is hit...but the direction remains up... however consider bullish as Intraday Trend... and below 1.1612.... consider Downtrend

Bradfxx Nov 1, 2017 2:44am | Post# 1137802

Does anyone thinks that it might go to 1.178 - 1.179 point?
I think Hardly 1.1715 and then a drop....personal view

NotAtrader Nov 1, 2017 4:46am | Post# 1137803

Does anyone thinks that it might go to 1.178 - 1.179 point?
If 1.1660 gets penetrated, then the next is 1.1690 and 1.7020

3Davy Nov 1, 2017 5:02am | Post# 1137804

{quote} If 1.1660 gets penetrated, then the next is 1.1690 and 1.7020
I still holding short.

If it retrace I buy more shorts.

Al in green.

FOMC so watch out.

fxprimate Nov 1, 2017 5:28am | Post# 1137805

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NotAtrader Nov 1, 2017 5:38am | Post# 1137806

{quote} I still holding short. If it retrace I buy more shorts. Al in green. FOMC so watch out.
Yeah I am aware of the event..
But I just observed a reversing J pattern on US dollar index on 4H, 3H and 2H pointing to 93.70 which is the 50% fib retracement.

Cheers

CannonScout Nov 1, 2017 5:51am | Post# 1137807

EU sell limit 1.16352 Sl 350 pips (1.16702) Tp 700 pips (1.15652)
Just to let you know. You need to take a digit of your pip estimates. E.g, you SL is 35 pips.

Does anyone thinks that it might go to 1.178 - 1.179 point?
No. Although it could. Question is why? Who would want Euro's so bad that the demand drives it up there. Could be a reason yet I don't know what is it.

{quote} I still holding short. If it retrace I buy more shorts. Al in green. FOMC so watch out.
Good call on FOMC. It's being ignored by a lot of people. It will perhaps provide confirmation for expected Dec rate hike.

Why are you holding short if I may ask?

A

Jonstaples Nov 1, 2017 6:47am | Post# 1137808

Yesterday EUR/USD made low range candle due to the Fed Interest Rate Decision and Monetary Policy Statement, all due today @ 18:00 GMT. So untill 18:00 we should continue to see a low range move.

Potential outcome of Fed Interest Rate Decision and Monetary Policy Statement:

1. Fed keeps its interest rate unchanged, USD should rise as inventors assume that December would be the month that the Fed will execute the rate hike.

2. Fed increase the interest rate, USD should sky rocket as inventors are caught off guard.

Due to the fact the Fed is undergoing an election I believe the 1st scenario is the most likely.

3Davy Nov 1, 2017 7:01am | Post# 1137809

{quote} Just to let you know. You need to take a digit of your pip estimates. E.g, you SL is 35 pips. {quote} No. Although it could. Question is why? Who would want Euro's so bad that the demand drives it up there. Could be a reason yet I don't know what is it. {quote} Good call on FOMC. It's being ignored by a lot of people. It will perhaps provide confirmation for expected Dec rate hike. Why are you holding short if I may ask? A
Simple price action.

Take a look at daily price action webiste.

It could go reverse also but we will see what yellen brings.

And ADP later this day,i think it will be good so holding shorts,safe stop loss.

CannonScout Nov 1, 2017 8:16am | Post# 1137810

{quote} Simple price action. Take a look at daily price action webiste. It could go reverse also but we will see what yellen brings. And ADP later this day,i think it will be good so holding shorts,safe stop loss.
True. I'm expecting disappointing data. The daily is so obvious I wouldn't mind being a contrarian. Just wait and wait wait. Sit on your hands bro. Despite what speculators think there is large demand for EURO from general business and so forth. There is investment in the Eurozone and a lower Euro would probably boost this. I would expect some large orders to come in before any clear direction in pursued. Again, just wait and wait and wait bro. If you miss it that's fine.

3Davy Nov 1, 2017 8:51am | Post# 1137811

{quote} True. I'm expecting disappointing data. The daily is so obvious I wouldn't mind being a contrarian. Just wait and wait wait. Sit on your hands bro. Despite what speculators think there is large demand for EURO from general business and so forth. There is investment in the Eurozone and a lower Euro would probably boost this. I would expect some large orders to come in before any clear direction in pursued. Again, just wait and wait and wait bro. If you miss it that's fine.
Green pips and i'am out before FOMC.

target 1.1610 and maybe lower.

ultra_knight Nov 1, 2017 11:58am | Post# 1137812

Short EU sl 1.1657

3Davy Nov 1, 2017 2:23pm | Post# 1137813

Short EU sl 1.1657
Keep shorting

Target 1.13. 1.12


CannonScout Nov 1, 2017 2:28pm | Post# 1137814

{quote} Keep shorting Target 1.13. 1.12
Why? This decision was expected, December is largely expected (and has been for awhile) & the good data is negated by the recent negative data. It's all saints day in Europe, terror attack in Manhattan and price spiked after announcement. I'm probably wrong, yet I don't see a strong sell.............yet.

A

edit, sorry I realised wrong thread. You've already answered lol

Bradfxx Nov 1, 2017 4:47pm | Post# 1137815

gmt: 6:35 cmp: 1.1644... touched 1.1625 and bounced back....ok the sL area 1.1630 is hit...but the direction remains up... however consider bullish as Intraday Trend... and below 1.1612.... consider Downtrend
Gmt: 8:40.. Eur/Usd: 1.1620. well This 1.1612 has been penetrated once... and we are Trading above it...acctually nearby it..right now. I guess we are in conform downtrend now.... the trend and Intraday-direction will be down from here... maybe next 2-3 days atleast.. However Right now.. above 1.1655... should be a good place for any SELL stopLoss... and then from here...One has to see signs if possible Bulls are appearing... Above this 1.1655 consider bull area.

Aleksbuk Nov 2, 2017 2:54am | Post# 1137816

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greengp Nov 2, 2017 3:25am | Post# 1137817

we are in the consolidation stage and the direction yet to come for the long or short.dont keep shorting for every rise on short time frame as m5 ,m15, m30

zhouxx0088 Nov 2, 2017 4:14am | Post# 1137818


3Davy Nov 2, 2017 5:08am | Post# 1137819

{quote} hi think maybe its now going up to 1.1750 because tested low trend line now test high trendline if push up then going more up {image}
You could be wright.

Se what data brings and NFP.

But iam bearish for longer term.

Jonstaples Nov 2, 2017 5:47am | Post# 1137820

Seems like we still have room push down to 1.1587, let's see what NFP brings tomorow although the expectations are high 312K vs -33K from previous month.

I'm still bearish


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