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EURUSD

  • #1,120,841
  • Jun 30, 2017 7:34am Jun 30, 2017 7:34am
Quoting Mccc
{quote} G20 ahead
Too far.
  • #1,120,842
  • Jun 30, 2017 7:36am Jun 30, 2017 7:36am
The bears look very hungry... And I still hold the view that draghis spike was fragile... If the stops get run, it might be a blood bath.
  • #1,120,843
  • Jun 30, 2017 7:37am Jun 30, 2017 7:37am
Next month TP
June Monthly Fibo
61.8% @1.1103 or
50.0% @1.1050
  • #1,120,844
  • Jun 30, 2017 7:40am Jun 30, 2017 7:40am
BULL still Smile ...
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #1,120,845
  • Jun 30, 2017 7:42am Jun 30, 2017 7:42am
If you had traded against the loudest voices in FF (the ones screaming 1.15 and to the moon now) or the ones who were screaming for parity a few months ago, you would be super rich.
  • #1,120,846
  • Jun 30, 2017 7:53am Jun 30, 2017 7:53am
[quote=Takisd;10039400] And I still hold the view that draghis spike was fragile...

That would be a job cut out for an army of psychologists to interpret/explain the logic behind herding behaviour when you collectively believe what you want to believe and discard what is actually being said. Draghi didn't say anything new. It's well known fact that bond buying program in its current shape runs out at the end of this year.
What I think is that afterwards any changes will only be small and gradual, something similar to what Fed announced this month for its balance sheet normalization. All those euro crazy lunatics are in for a huge disappointment in my opinion.
  • #1,120,847
  • Jun 30, 2017 7:57am Jun 30, 2017 7:57am
Quoting effix02
Quoting Takisd
And I still hold the view that draghis spike was fragile... That would be a job cut out for an army of psychologists to interpret/explain the logic behind herding behaviour when you collectively believe what you want to believe and discard what is actually being said. Draghi didn't say anything new. It's well known fact that bond buying program in its current shape runs out at the end of this year. What I think is that afterwards any changes will only be small and gradual, something similar to what Fed announced this month
...
So, Draghi talked about excess growth, however, there is no excess growth. Which is why I see this as fragile. It is simply the herd chasing an algorithm who read the words first with size. Today we had some light data that showed that growth infact is not speeding up, if anything its shrinking slightly. Which is contrary to both what he and Carney have said.

To me, this is scary for euro bulls, and show fragility in the move. As I said earlier, I expect the range to be 1.10 to 1.15 until something happens, either US surprise hike or ECB shows action to taper quickly.
  • #1,120,848
  • Jun 30, 2017 7:59am Jun 30, 2017 7:59am
Strange but... it always seems that on the open of the next 4 hour bar it continues TREND direction (up). Let's see if it does this again.

almost like it "waits" for that next bar open and goes down a bit first...
  • #1,120,849
  • Jun 30, 2017 8:09am Jun 30, 2017 8:09am
Quoting Takisd
{quote}{quote} So, Draghi talked about excess growth, however, there is no excess growth. Which is why I see this as fragile. It is simply the herd chasing an algorithm who read the words first with size. Today we had some light data that showed that growth infact is not speeding up, if anything its shrinking slightly. Which is contrary to both what he and Carney have said. To me, this is scary for euro bulls, and show fragility in the move. As I said earlier, I expect the range to be 1.10 to 1.15 until something happens, either US surprise hike...

Is it eur going up or USD going down? Never heard about the dollars index chart?

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  • #1,120,850
  • Jun 30, 2017 8:15am Jun 30, 2017 8:15am
Euro H1 Chart

Euro H4 Chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Euro H4 SR 2017-06-30.jpg Size: 221 KB
Always looking the GREAT, never left GOOD Point...
  • #1,120,851
  • Jun 30, 2017 8:16am Jun 30, 2017 8:16am
Eur wins, retraced from weekly extremes without giving back much, did not give back much to the others on monthly level despite bad start, it has now space to move up a bit to close the week while aud/nzd/cad should release some strength. It is free to oscilate around +-20 pips till the end of the day to annoy everyone.
Attached Image (click to enlarge)
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  • #1,120,852
  • Edited 8:59am Jun 30, 2017 8:20am | Edited 8:59am
Happy long If we can hold current levels
1.1390
GBP 1.2950
Gold 1239.38

Probable extension up here..? I see some triggers being hit.
I got trimmed with GBP Pullback! -60 hit SL few pips from the safe line.
I made 54 from the bottom missed 300 in the middle and the top stole the bottom haha.
Euro possible 50/60 inside retrace load for the downside.. alternate view.
1.1420 1.14420 Dual 420 situation here..
Founder of Sutherland Wave Principle
  • #1,120,853
  • Jun 30, 2017 8:23am Jun 30, 2017 8:23am
Quoting suthmo
Happy long If we can hold current levels 1.1390 GBP 1.2950 Gold 1239.38 Probable extension up here..? I see some triggers being hit. I got trimmed with GBP Pullback! -60 hit SL few pips from the safe line. I made 54 from the bottom missed 300 in the middle and the top stole the bottom haha. Euro possible 50/60 inside retrace load for the downside.. alternate view.
You should take profits faster if you enter in an already established trend which didn't give any pullback so far.
  • #1,120,854
  • Jun 30, 2017 8:31am Jun 30, 2017 8:31am
Quoting Delta1One
{quote} Is it eur going up or USD going down? Never heard about the dollars index chart? {image} {image}
Here is my reply - If you don't know how the USD index is calculated, don't run your mouth. If EUR is strong and EUR/USD goes up, index will always go down regardless of the strength behind USD. It is not a strength indicator it is a lagging indicator based on price movement of a basket.

It essentially is a USD based stoch indicator.

So to answer your question: EUR is going up because people bought euro based on an assumption that the euro will become short supply maybe sometime possibly maybe in the future. This move, was not USD based and a large amount of the volume came in the yen and cross pairs.
  • #1,120,855
  • Jun 30, 2017 8:35am Jun 30, 2017 8:35am
Quoting Tsar
Euro H1 Chart Euro H4 Chart {image} {image}
Euro H1 Triangle
Attached Image (click to enlarge)
Click to Enlarge Name: Euro H1 Triangle 2017-06-30.jpg Size: 213 KB
Always looking the GREAT, never left GOOD Point...
  • #1,120,856
  • Jun 30, 2017 8:38am Jun 30, 2017 8:38am
That bitch is not giving up!
  • #1,120,857
  • Jun 30, 2017 8:45am Jun 30, 2017 8:45am
Pending order 1346(hold for next week) and 1440(scalping for 10-20 pips) (may be same level with illback lol)
Will be canceled at the end of today!

Lazy trading on Friday to all !!!

  • #1,120,858
  • Jun 30, 2017 8:47am Jun 30, 2017 8:47am
Quoting Tsar
{quote} Euro H1 Triangle {image}
That's Example as Naked Trader PA ( Price Action )

NO NEED use Indicator again...
Attached Image (click to enlarge)
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Always looking the GREAT, never left GOOD Point...
  • #1,120,859
  • Jun 30, 2017 8:48am Jun 30, 2017 8:48am
i think it might go to 1.16
Don't Worry Be Happy
  • #1,120,860
  • Jun 30, 2017 9:19am Jun 30, 2017 9:19am
Turn on your 1M chart and do scalping guys!
If it 76.4 broken, short any price above 1440 for 10-15 pips
I keep buying from the bottom channel!
If it break the bottom channel, It will give you a retrace to get back with small loss before a big drop
For me it is going up to retest the previous high first but who know if it drop at 61.8%
If 1386 dont hold, we have stronger support around 1345, I will buy heavy
What I say just count for only today Friday!
Good luck too all !
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