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EURUSD

  • #1,150,021
  • Feb 18, 2019 8:13am Feb 18, 2019 8:13am
Quoting Stillearnin
{quote} Looks more like a stall. We need less bank holidays and more news.
Yeah, you got that right!

If no tough breaking news, the bank holidays cuts both ways ...because they're kind of wild gamble :
- if low liquidity, any private wealthy investor's "fat finger" can create a pump and dump spike, good to scalp
- if big fundamental uncertainty after the bank holiday, they can lag in range driving traders crazy !
(like 2 years ago Thanksgiving Day fakes and range cost me almost half of all I've got! )
Member
  • #1,150,022
  • Feb 18, 2019 9:26am Feb 18, 2019 9:26am
usdx top , ranges continues , no one way .
care eu at 1309/1300 , 1294 . expecting breaks 1294 this time to 1288/46. watching . ok bounce last time possible even fakeout 1294 towards top , then tanking next day!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,150,023
  • Feb 18, 2019 10:00am Feb 18, 2019 10:00am
So is 1.1215 open or no chance of that before 1.1340? Bit confusing PA right now.
  • #1,150,024
  • Edited 10:48am Feb 18, 2019 10:26am | Edited 10:48am
Quoting Stillearnin
So is 1.1215 open or no chance of that before 1.1340? Bit confusing PA right now.
chances there without 1340 providing 1294 breaks down & stay to the bottom , as still it not bull by breaking up 1340 for 1380/1445 before further down to bottom . anyway very tough but doable takeaway all gain in friday!!. I personally not playing for bear continuation , once bull in action lets do to 1380/1445 after confirm break 1340 & stay . lets see

test 1294 may be coming soon/ preparing
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,150,025
  • Feb 18, 2019 2:35pm Feb 18, 2019 2:35pm
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  • #1,150,026
  • Feb 18, 2019 8:47pm Feb 18, 2019 8:47pm
Quoting Stillearnin
So is 1.1215 open or no chance of that before 1.1340? Bit confusing PA right now.
CON is the opposite of PRO
CONgress is the opposite of PROgress
CONfusing is the opposite of PROfusing
  • #1,150,027
  • Feb 18, 2019 8:50pm Feb 18, 2019 8:50pm
done with them shorts for now
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  • #1,150,028
  • Feb 18, 2019 9:10pm Feb 18, 2019 9:10pm
The EURUSD has narrowed its trading range while oscillating around the 1.1300 level which has acted as support. To the upside, its most relevant resistance is at the 1.1400 level.
  • #1,150,029
  • Feb 18, 2019 9:28pm Feb 18, 2019 9:28pm
i am unlikely to buy eu for 200 nanosecond YEARS
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  • #1,150,030
  • Feb 18, 2019 9:36pm Feb 18, 2019 9:36pm

  1. euro's latest bounce was not based a positive incentive specific to the currency
  2. market will likely return to pricing in the potential negatives
  3. euro will remain on a shaky footing
  4. "There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting."

  1. "If the Fed were to lower interest rates, it would be natural to assume that the ECB would follow suit. The German 10-year yield will likely fall into the negative if expectations for a rate cut by the ECB increases"


I cannot see the Fed lowering interest rates any time soon. Next meeting is March 19/20 … nope. Not then. Following that meeting is April/May 30/1. Unlikely then either

  • #1,150,031
  • Feb 18, 2019 10:04pm Feb 18, 2019 10:04pm
I have shifted my focus from EURUSD to USDCAD this week. I am SELL on USDCAD 2 standard @ 1.1355 . I am trading this system of my ex-student for the first time. He has written a new algo solely for USDCAD. I can trade 40 standard but choose only 2. According to his back-testing I may have to keep a 100 pip draw down allocation.

Not a wise decision, but I think from my perspective a short at around 1.34 would be a good choice. I need to give him a chance. If he succeeds, I will buy his Algo. If he does not , I will work with him on his idea and system. He was my student after all.

Lets see.

I welcome any comments on this currency pair as I know there are experts on this forum. I hardly trade USDCAD from algo perspective. I rather prefer candlestick pattrns on this pair.
Just retired from University
  • #1,150,032
  • Edited Feb 19, 2019 1:52am Feb 18, 2019 10:05pm | Edited Feb 19, 2019 1:52am
Quoting fontu
{quote} chances there without 1340 providing 1294 breaks down & stay to the bottom , as still it not bull by breaking up 1340 for 1380/1445 before further down to bottom . anyway very tough but doable takeaway all gain in friday!!. I personally not playing for bear continuation , once bull in action lets do to 1380/1445 after confirm break 1340 & stay . lets see test 1294 may be coming soon/ preparing {image} {image} {image}
Price may hold strong one day and in the same market it breaks smooth without any rejection! So pa changes from Monday to tuesday to set into motion again. So looking 1294 breaks to play 1260 or low play today before reaction up try, all should come in one line to have best effects, not this pair alone only ready and all go together.
Looking for nzdusd 0.6790.care at 0.6818, gbpusd 2843 with strong care area 2880,gbpjpy 141.75 special care at 142.27, 141.86,take care.

gbp pairs may outperform eurusd this running week or so as eurgbp may to test the ground!!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,150,033
  • Feb 18, 2019 10:10pm Feb 18, 2019 10:10pm
Quoting Miracleforex
I have shifted my focus from EURUSD to USDCAD this week. I am SELL on USDCAD 2 standard @ 1.1355 . I am trading this system of my ex-student for the first time. He has written a new algo solely for USDCAD. I can trade 40 standard but choose only 2. According to his back-testing I may have to keep a 100 pip draw down allocation. Not a wise decision, but I think from my perspective a short at around 1.34 would be a good choice. I need to give him a chance. If he succeeds, I will buy his Algo. If he does not , I will work with him on his idea and system....
Just a clarification, his algo is based on weekly charts and trades
Just retired from University
  • #1,150,034
  • Edited 10:45pm Feb 18, 2019 10:27pm | Edited 10:45pm
Quoting Miracleforex
I have shifted my focus from EURUSD to USDCAD this week. I am SELL on USDCAD 2 standard @ 1.1355 . I am trading this system of my ex-student for the first time. He has written a new algo solely for USDCAD. I can trade 40 standard but choose only 2. According to his back-testing I may have to keep a 100 pip draw down allocation. Not a wise decision, but I think from my perspective a short at around 1.34 would be a good choice. I need to give him a chance. If he succeeds, I will buy his Algo. If he does not , I will work with him on his idea and system....
I have interest in this pair but all shorts closed early and actualy price so far not breaks to tried for 1. 3372+ needed for real good short. Anyway still ok to play short at present level 1.3259 to care limit down for up 1.3255 for 1.3196 if breaks and stay may tank to to 1.3072 still. Fake out at1. 3196 most likely. Short taken at and above for that fakeout level then Take care.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,150,035
  • Feb 18, 2019 11:54pm Feb 18, 2019 11:54pm
not interested in shorting ucad even with 0.00001 lot

eu will revit 1250/1230 area after a slight bump
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  • #1,150,036
  • Feb 19, 2019 12:05am Feb 19, 2019 12:05am
maybe :
sell @ 11287
tp @ 11273

?
  • #1,150,037
  • Feb 19, 2019 12:17am Feb 19, 2019 12:17am
Quoting TudorIoan
{quote} Not before 1330
Yeah, 1330 looks like it was a local top yesterday...
It feels like going nowhere, ...oscillating 1300 ...traders are waiting the FOMC tomorrow?

...and few S/R levels.
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Member
  • #1,150,038
  • Feb 19, 2019 12:52am Feb 19, 2019 12:52am
waiting for wave 2 to finish and wave 3 to take over to the up side
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  • #1,150,039
  • Feb 19, 2019 12:58am Feb 19, 2019 12:58am
Quoting msniper
waiting for wave 2 to finish and wave 3 to take over to the up side {image}
A bit curious, how do you spot wave 2 end?
  • #1,150,040
  • Feb 19, 2019 1:19am Feb 19, 2019 1:19am
Quoting IPMan
{quote} A bit curious, how do you spot wave 2 end?
hard to know as wave 2 is allowed to correct up to 100% of wave 1 but without making new low lower than wave 1

but usually lets say wave 2 correct 50% to 61.8% fibo

safest way to do is draw down trend in lower frame and once wave 2 correct near 50% and it broke the downtrend in lower frame then this indicate buyers they stepped in and its ready to fly
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