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Boulder Jan 11, 2019 10:13am | Post# 28861

{quote} when it missed 1520 yesterday it was likely to retrace ( i figured 1460 would be tested). closing above 1399 is not so bad for bulls atm for week. that's the least goal.. above 1460 better .. and above 1512 is better.. above 1520 should challenge 1567 area or more. That day 200 is a big one at 1567... It could slap pa well below 1460.. But if you add in the Fed doves rhetoric, who knows. cpi didnt help doves. I just know 1567 and 1460 are big numbers.. pa may range within these fo a long time. But if it starts closing out of this range....
government shutdown.. no COT since 12/18/2018

Replicant Jan 11, 2019 10:21am | Post# 28862

{quote} H4 uptrend stop 1419 atm..its moving up.. it will meet soon...

Agree, I have more or less the same level 1.14227. If bears break that level on H4, I will clear all the remaining longs I have for my final swing target 1.1650.

gatorinla Jan 11, 2019 10:22am | Post# 28863

{quote} H4 uptrend stop 1419 atm..its moving up.. it will meet soon...
the other side of 1460 is 1352. 267ema at 1451, 1452.5 adr

Replicant Jan 11, 2019 10:22am | Post# 28864

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on daily TF it's unventful, we are still trading the break up candle
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gatorinla Jan 11, 2019 10:25am | Post# 28865

{quote} government shutdown.. no COT since 12/18/2018
Oh yeah. anyway 1567 is big. atm 1567 is rejected. lets see how 1460 responds. L close above 1460, and next week. we can shoot for a day above 1520.. then another shot at 1567 or more.

priceaction1 Jan 11, 2019 10:29am | Post# 28866

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still holding short@1.1542 area
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priceaction1 Jan 11, 2019 10:32am | Post# 28867

just for fun

https://www.dukascopy.com/fxcomm/fun...tion=standings

Boulder Jan 11, 2019 10:32am | Post# 28868

{quote} Agree, I have more or less the same level 1.14227. If bears break that level on H4, I will clear all the remaining longs I have for my final swing target 1.1650.
For daily,, I have 4 levels to watch.. I may long 1389, definitely long 1341..all in 1304...

1.1432
1.1389
1.1341
1.1304

Boulder Jan 11, 2019 10:35am | Post# 28869

congratulation..you are #1...

priceaction1 Jan 11, 2019 10:44am | Post# 28870

nice to see you @
alexandria

ill_be_back Jan 11, 2019 10:45am | Post# 28871


gatorinla Jan 11, 2019 10:54am | Post# 28872

1 Attachment(s)
wedge broke.. restested from below into break.. retested from above, once.. Again? 1460 may hold.

a Lclose above 1520. may retest 156x later today.. unlikely in 30 min above 1520,,
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Amir_Forex Jan 11, 2019 10:56am | Post# 28873

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thelws Jan 11, 2019 11:04am | Post# 28874

Hey guys, quick question:
How do you decide the direction of trade for each day?
I understand the gist is to buy at strong support or sell strong resistances.

For example since I'm long biased on EU, I would have bought in around 1467. However a lot of you are short all the way down to 1467.

Boulder Jan 11, 2019 11:12am | Post# 28875

Hey guys, quick question: How do you decide the direction of trade for each day? I understand the gist is to buy at strong support or sell strong resistances. For example since I'm long biased on EU, I would have bought in around 1467. However a lot of you are short all the way down to 1467.
this morning it can't break H1 downtrend stop 1537..if it can't close north at H1 close...only way is down...plus it had a big option order flow $3bil expired 1.1500-1510.. I kind assumed it would pin there first.. if there were more sellers than buyers when it settled, it would push those down..... this is my thought process this morning... once I saw the breakdown 1500.. I look for how far this can go to reach my levels for daily adr...so I tp 1466 .....

I would buy 1460s for a scalp.. but I still hold short positions..

thelws Jan 11, 2019 11:17am | Post# 28876

{quote} this morning it can't break H1 downtrend stop 1537..if it can't close north at H1 close...only way is down...plus it had a big option order flow $3bil expired 1.1500-1510.. I kind assumed it would pin there first.. if there are more sellers than buyers when it settled, it will push those down..... this is my thought process this morning... once I saw the breakdown 1500.. I look for how far this can go to reach my levels for daily adr...so I tp 1466 ..... I would buy 1460s for a scalp.. but I still hold short positions..
Very insightful. Am I right to assume that once you have taken profit on your short, the day's trading is done?
Would you suddenly change your bias and start trading long for any reason?

Boulder Jan 11, 2019 11:23am | Post# 28877

{quote} Very insightful. Am I right to assume that once you have taken profit on your short, the day's trading is done? Would you suddenly change your bias and start trading long for any reason?
If I closed all my shorts.. I would scalp a long 1460s for sure ...only scalp not hold...

gatorinla Jan 11, 2019 11:34am | Post# 28878

closed above 1460 and 1399.. the day close was lower than yesterday.. it should test 1460 again and maybe 1399. But the week is higher.. so it may head up after..

jaylovin Jan 11, 2019 11:45am | Post# 28879

1.1446 is where I would look to long. 200sma on h1

gatorinla Jan 11, 2019 11:49am | Post# 28880

pa dropped from 1471 to 1463 after close. with 1460 being what it is. sometimes that's all u get.. 8 pips is 10% adr.


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