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so fed cuts rate at end of month and ECB doesn't change rate = dollar weakness so the bulls are in play. However, US data is better than EU data. My guess is that will make the way up choppy to say the least and given that Monday has no new data there shouldn't be a big move either way. Daily range for Monday should be less than 100 pips in my view atm.
It's nice that it fell shy of breaking the resistance 1.1283. I think there will be a pullback, but I still see a bullish case for 1.14. Monday's plan would be to buy on dips.
Quoting ubtt
Bears Gradually getting into trap
Bears gradually get trapped and bulls gradually get to the slaughter house. Same results
its diffucult zone to play.it can be all here up and down.We can touch 11300 and go down.
Quoting ubtt
Good weekend. Just a quick prediction of the following weeks about rate decision: ecb, no cut fed, 25 points.
what is meaning ECB no rate cut & FED 25 % .
Quoting rameeztr
{quote} what is meaning ECB no rate cut & FED 25 % .
Means ECB won’t cut while FED will cut 25 base points
Quoting Wavegarrick
{quote} Hi Guys, nice price action this afternoon. Important to me is for price to establish itself back in the uptrend line since May this year at1.12688 ish . Price was deceptive today in that we had a lower low from yesterday's low. All good now and a bit of impetus. I remain long and all trades locked in profit. Have a great weekend. Cheers {image}
Hi Wavegarrick
Would you be kind to share your pivot indicator?
Quoting ubtt
symmetrical wave up is going on. From Jan to Jun, we have witnessed a wave down patten towards 1.1, and we will get back symmetrically from Jun to Dec. Trade safe. Next week (last week from rate decision) no important data on us side, we need to eye on the euro data, especially the CPI. On the opening of Monday, we will see whether euro is keeping rallying towards 1.128, if breaks, we will see 1.132. I personally, think we will have the last chance to rally before the decision. But price movement since Thursday tells me that the Market seems betting...
its meaning we are bullish eur still december 2019 ? overall
I stay in short.I cant be trapped.
Quoting viktoriaxz
I stay in short.I cant be trapped.
why ?
my vision of this wave is to finish the goal of 1.1349 on Tuesday
Attached Image (click to enlarge)
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Quoting rameeztr
{quote} its meaning we are bullish eur still december 2019 ? overall
Potentially, mainly depending on Fed’s easing monetary policy. But the process is painful because euro zone is troubling. I am watching US national debt deficit closely.
as long as you open long between 1.12 and 1.125 you are safe in the short term. But we need to watch 1.128 and 1.132 where the previous three Doji located, failing to breach these levels would form a right shoulder. But I see it unlikely because this wave is just started on Thursday and we have at least 5-6 trading days to go bull.
Hi Guys,
Thought I would share this from a pm I received because I believe it could help someone.
Quote
Sir, thank you for your helpful post.
I am small trader. already lost many time my capital.
now i am following your trade strategic (4hr TF and small lot 0.02/0.03) from few days. good result now.
Please sir keep posting your charts. and suggest me any book or video for improve my trading skills.

Thank you and god bless you.
Quote
First of all please don't call me sir. I am a home trader and just a normal guy who trades small like you, so you can call me on my first name Leon.
I have never read books and have come through the school of hard knocks and lost my capital many times as well, but hung in and getting better as the years go by. I do believe that before I trade I must always look at the big picture and therefore you see my stochs on the daily time frame. I look at the daily pivot going up in the direction of the higher time frame before I enter. These are usually
sure trades and I stick by it with my s/loss rule of 20 to 30 pips. I am building capital slowly so I can trade bigger. It is a slow process and the best advice I can give you, is to be very patient. You build up and then go bigger. Not the other way around. It is a crucial ingredient in forex. You can read all the books in the world but none will give you the advice I am giving you. You need to feel free from your trades once you make the call. I usually walk away from my trades and don't sit glued at my computer.
I hope you can take this in. Trading has to be stress free and the moment it becomes stressful I suggest you quit. Stress causes indiscreet trade decisions.
The best advice I can give you.
All the best friend.
Cheers...
Trade to trade another day
Quoting rameeztr
{quote} why ?
I admit that can go till 13260.I admit.The line of trend 13000 is good resistance also.But long is possible also. Here all is possible now. But better wait till stoch turn down on daily.Daily stoch up.Bollinger 4H open till 1290.So long is possible.its only my opinion.I see daily-we cant cross Ma20 daily.So im in short for next week.And Ma 8 under MA 20.stoch on weekly strong down .where we turn i dont know.its only my vision- we turn from 13260.if you look daily-its down,if you look 4H is still cab be up.
Quoting Wavegarrick
Hi Guys, Thought I would share this from a pm I received because I believe it could help someone. {quote} {quote}
Leon, I want to confess to you, that I didn't know untill today, what is the meaning of your nickname.
"I feel strong because I am bul..."
  • Post #91,416
  • Quote
  • Edited Jul 14, 2019 5:03am Jul 13, 2019 11:12am | Edited Jul 14, 2019 5:03am
Quoting bigiivan
{quote} Leon, I want to confess to you, that I didn't know until today, what is the meaning of your nickname.
Nice one Bigive,
A Wave Garrick is actually a small fish that feeds off the coast of South Africa, also called a large spot pompano. It waits diligently in the breakers and grabs its prey as the waves break:
https://www.google.com/url?sa=i&rct=...&ictx=3&uact=3
We run when the big sharks come in.
Cheers..
Trade to trade another day
Quoting ubtt
{quote} Potentially, mainly depending on Fed’s easing monetary policy. But the process is painful because euro zone is troubling. I am watching US national debt deficit closely. as long as you open long between 1.12 and 1.125 you are safe in the short term. But we need to watch 1.128 and 1.132 where the previous three Doji located, failing to breach these levels would form a right shoulder. But I see it unlikely because this wave is just started on Thursday and we have at least 5-6 trading days to go bull.
you are seeing ECB on 25 th for bull eur ? or before it ?
Quoting ubtt
I have loaded a nice pile of long positions from 1.12 to 1.125, now up to 6.12 lots. If next week, we get retraced I will add more. My target is the Fed rate decision and will never get off early until my goal is reached. Have a nice week.
I agree with you. If the Fed lowers rates by 0.25% it will negatively impact the value of the USD. Your long EURUSD trades will be big winners and the stock market will continue its illogical rise.
Quoting Hutch
{quote} I agree with you. If the Fed lowers rates by 0.25% it will negatively impact the value of the USD. Your long EURUSD trades will be big winners and the stock market will continue its illogical rise.
I think a rate cut of 0.25% is priced in.
Quoting Hutch
{quote} I agree with you. If the Fed lowers rates by 0.25% it will negatively impact the value of the USD. Your long EURUSD trades will be big winners and the stock market will continue its illogical rise.
Hello Hutch,
Can you show me your daily chart?
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