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  • #1,124,521
  • Jul 23, 2017 7:12am Jul 23, 2017 7:12am
Quoting Mashallah
Monday open few hours from here, I think next week will be retrace for pairs.
Hope you're right since my open trade pip count looks similar to yours on trade explorer.

Here's my spin: The Fed's are purposely pushing the euro up to further stimulate the U.S. economy. This has been a pretty long uptrend and the natural forces of balance will have to kick in soon. That's what I would like to see anyway.
Taigen Profit This Month: na
  • #1,124,522
  • Jul 23, 2017 7:21am Jul 23, 2017 7:21am
Quoting malcolmb14
My own personal opinion on Euro ... Last time we reached this level on weekly charts we had huge volume coming in .... This time we have drifted up with bearish divergence on the volume. The next few weeks are key in determining if we are in one big channel for euro Or if its going higher and higher. ...There is NO sign of weakness coming in yet on the weekly or daily charts. So for those in buys just trail the stop.... those trying to sell FOR NOW DO NOT BOTHER IT WILL COST YOU MONEY The dax is potentially going to breakdown on the weekly ,.. the...
Bearish divergence on daily haven't checked weekly
  • #1,124,523
  • Jul 23, 2017 7:22am Jul 23, 2017 7:22am
Quoting malcolmb14
{quote} FORGET fundamentals ..... I am not kidding. ... that's the best advice i can give any trader
I disagree.

Professional Fx traders place a heavy emphasis on fundamentals (which includes daily market sentiment).

Would sharks at the major global banks care about news if they didn't work?

The problem is many traders don't learn (or apply) fundamentals well.

Technical tools are great once sentiment and fundamentals have given you a pair and direction to trade.

I've been using fundamentals for a while now, and I'm telling you, I'll never go back to trading "blind".

That's my opinion (and experience), but we can agree to disagree.
  • #1,124,524
  • Jul 23, 2017 7:30am Jul 23, 2017 7:30am
Quoting Don96
{quote} Bearish divergence on daily haven't checked weekly
divergence based on what indicator?
I can.I will. End of story.
  • #1,124,525
  • Jul 23, 2017 7:39am Jul 23, 2017 7:39am
Quoting falcon72202
{quote} divergence based on what indicator?
the only one that matters .. volume
Blogging daily now at www.volume.zone
  • #1,124,526
  • Jul 23, 2017 7:40am Jul 23, 2017 7:40am
Quoting PatienceFx
{quote} nice pic {image}
damn ... you can get anything on the internet .. next it will be one of me in my tighty whities at my trading desk at 5 am ... lol
Blogging daily now at www.volume.zone
  • #1,124,527
  • Jul 23, 2017 7:45am Jul 23, 2017 7:45am
i am not sure this will influence the eurusd but it should ....

This is weekly DAX looking VERY weak
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #1,124,528
  • Jul 23, 2017 7:51am Jul 23, 2017 7:51am
Quoting malcolmb14
{quote} the only one that matters .. volume
A good indicator for me on the retracement is the 4 hour and daily RSI price action. I tend to jump in early but it works out most the time.
Taigen Profit This Month: na
  • #1,124,529
  • Jul 23, 2017 7:55am Jul 23, 2017 7:55am
Quoting Taigen
{quote} Hope you're right since my open trade pip count looks similar to yours on trade explorer. Here's my spin: The Fed's are purposely pushing the euro up to further stimulate the U.S. economy. This has been a pretty long uptrend and the natural forces of balance will have to kick in soon. That's what I would like to see anyway.
yup
  • #1,124,530
  • Jul 23, 2017 10:28am Jul 23, 2017 10:28am
Quoting effix02
{quote} I saw much more venerable opinions than Bloomberg's expecting it to end 2017 below 1.10 and in the grand scheme of things it's much more realistic in my view Oh, and thanks for the joke regarding 'a rumour about fed'. Made my day
..... Only yours...???


  • #1,124,531
  • Jul 23, 2017 11:22am Jul 23, 2017 11:22am
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  • #1,124,532
  • Jul 23, 2017 11:25am Jul 23, 2017 11:25am
E. I am short last previous days. Probably prematurely. I will exit at SL 1.16 80 .

BP/$ I will long at opening . SL @ 1.29 55

S+P will long op. SL 2464

AU$ will long at 0.79 24 ON STOP SL 0.79 00

Silver - will long op no SL fttb

That s all . trade well. trade safe .

  • #1,124,533
  • Jul 23, 2017 12:11pm Jul 23, 2017 12:11pm
There is small profit taking before FOMC so EURUSD should dip before next leg up, no body will believe yellen either .. so deep shallow pullback are expected ..buy the dips until august meeting the only event that might affect the euro bulls ...1.19 is on the table until then, to break august 15 high and stay above for a while is special the yearly range will be broken ... but the question is the eu zone afford higher rates ?
  • #1,124,534
  • Jul 23, 2017 12:22pm Jul 23, 2017 12:22pm
S&P Changed Greece outlook from Stable to Positive
Depict history, predict future, and the area in between ...
  • #1,124,535
  • Jul 23, 2017 1:07pm Jul 23, 2017 1:07pm
Quoting sakisf
{image}
Well...if I can extend this

And make fun of random-line guys

GL.

Green pips all guys!!! Girls!!

PS: i trade 30min.
Attached Image (click to enlarge)
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Beware of robber banks (RB), bad advisors.
  • #1,124,536
  • Jul 23, 2017 1:21pm Jul 23, 2017 1:21pm
Quoting Rumble89
{quote} I disagree. Professional Fx traders place a heavy emphasis on fundamentals (which includes daily market sentiment). Would sharks at the major global banks care about news if they didn't work? The problem is many traders don't learn (or apply) fundamentals well. Technical tools are great once sentiment and fundamentals have given you a pair and direction to trade. I've been using fundamentals for a while now, and I'm telling you, I'll never go back to trading "blind". That's my opinion (and experience), but we can agree to disagree.
I see. So...if i call bs on this would you be able to sway me and show me the truth? Or will you refer me google to inform myself like i seen most fundie believers do when challenged?
  • #1,124,537
  • Jul 23, 2017 1:23pm Jul 23, 2017 1:23pm
Quoting inamasei
There is small profit taking before FOMC so EURUSD should dip before next leg up, no body will believe yellen either .. so deep shallow pullback are expected ..buy the dips until august meeting the only event that might affect the euro bulls ...1.19 is on the table until then, to break august 15 high and stay above for a while is special the yearly range will be broken ... but the question is the eu zone afford higher rates ?
Agree, agree, and agree some more.
  • #1,124,538
  • Jul 23, 2017 1:25pm Jul 23, 2017 1:25pm
Quoting Not-KPMG
{quote} Well...if I can extend this And make fun of random-line guys GL. Green pips all guys!!! Girls!! PS: i trade 30min. {image}
So symmetrical, love the drawing and surely dont have anything against the analysis
  • #1,124,539
  • Jul 23, 2017 1:32pm Jul 23, 2017 1:32pm
Quoting Stillearnin
{quote} I see. So...if i call bs on this would you be able to sway me and show me the truth?
Or will you refer me google to inform myself like i seen most fundie believers do when challenged?
The fundie vs technical??
Come on, use both.
I won't waste time arguing - just listing them :

Technical : extensions after retrace. Works ok.
Divergence - sometime.

Fundamentals :
Draghi, Yellen, Trumpy, GDP etc...
So Draghi says up.
Yellen is lately just moaning, not saying much. She was hawk last year.
Trumpy??? The craziest horse. UJ 95 euro 1.35 tomorrow is normal with him.
USA data - bad - no hike..... So???

So as you see - trade technicals but only buy.
Simple!!!

GL.
Beware of robber banks (RB), bad advisors.
  • #1,124,540
  • Jul 23, 2017 1:36pm Jul 23, 2017 1:36pm
Eur, Jpy and Cad Strong, GBP going up and down, I expect USD weak this week, may be a retrace up on UsdJpy, but FOMC Statement could change it all.

Stay green.
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