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  • #1,127,221
  • Aug 10, 2017 3:55am Aug 10, 2017 3:55am
Quoting Bones
you have to explain everything in my book otherwise your another pointless poster {quote}
Picture one shows recent trend

Price hasn't closed below support since it broke it - if it breaks support there may be a change, otherwise it's a buy.
Picture two shows the pair sitting on major support, a break and a day close below support should mean that we head down to 128, if we go with any momentum down to the area around 125.3
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  • #1,127,222
  • Aug 10, 2017 3:58am Aug 10, 2017 3:58am
EURUSD is in an almost identical area, but dependant on the news which comes out soon.
  • #1,127,223
  • Aug 10, 2017 3:59am Aug 10, 2017 3:59am
Well that didn't go the way I planned
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Livin' the dream!
  • #1,127,224
  • Aug 10, 2017 4:01am Aug 10, 2017 4:01am
nt
  • #1,127,225
  • Aug 10, 2017 4:02am Aug 10, 2017 4:02am
Short from 723
  • #1,127,226
  • Aug 10, 2017 4:03am Aug 10, 2017 4:03am
Quoting PatienceFx
newbie question, is my trade good ? {image}
Yes. For this session at least.
Maybe next session too, unless the market is hungry and is in range of your stops.

Having a pip target is a good idea, but sometimes you should just take what the session gives you. It will sometimes give you more than 20. Sometimes less. It depends.
That's how we get consistent.

BTW, I am already out of this short. Done for the day. Was hoping for a larger pullback, like you were - except you attempted to trade it back up before realizing that it's a guess as to what value level the market wants to retrace to.... if they want to pull back much at all.
  • #1,127,227
  • Aug 10, 2017 4:05am Aug 10, 2017 4:05am
wow your d1 is clearer than mine ,btw save the image so I can see numbers etc

Quoting Catch-22
{quote} Picture one shows recent trend Price hasn't closed below support since it broke it - if it breaks support there may be a change, otherwise it's a buy. Picture two shows the pair sitting on major support, a break and a day close below support should mean that we head down to 128, if we go with any momentum down to the area around 125.3 {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,127,228
  • Aug 10, 2017 4:09am Aug 10, 2017 4:09am
give me a clean chart ,your D1
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,127,229
  • Aug 10, 2017 4:10am Aug 10, 2017 4:10am
Long UJ, SL 10, TP 10
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  • #1,127,230
  • Aug 10, 2017 4:10am Aug 10, 2017 4:10am
it's bearish no doubt

Quoting Catch-22
{quote} 500pip increase in price over last 2 months, EUR gaining on JPY since April, not sure why that needs explaining.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,127,231
  • Aug 10, 2017 4:11am Aug 10, 2017 4:11am
Closed few orders leaving only one. Bull or bear we won't know but I'm still shorting, we might see 1.63 today.
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  • #1,127,232
  • Aug 10, 2017 4:18am Aug 10, 2017 4:18am
Good point! Posting on a public forum like FF should be largely for self-expression and to share trading knowledge/experience. It should not be for competition, ego or show off.

Trade safe and prosper.

KP

Quoting Taigen
You guys are taking yourselves way too seriously. An analysis is simply an educated guess at best. Does anyone know if EU will go up to 1.24? No. Does anyone know if the EU will go down to 1.11? No. You may have a hunch what it will do in a given time frame but it's still just a hunch. Calling people names and what not accomplishes nothing, and, after a while, it gets a little boring.
Do your homework, follow the footprints of smart money
  • #1,127,233
  • Aug 10, 2017 4:19am Aug 10, 2017 4:19am
this is EURJPY btw as that's what you were questioning
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  • #1,127,234
  • Edited 4:56am Aug 10, 2017 4:28am | Edited 4:56am
the channel line on the daily made the bulls legs weaker......on the hourly there were a few rising wedge which in a bull are reversal patterns.......

Many smart traders position themselves before the news.......the news moved prices were they ought to be......that leg down had good momentum .....many smart traders including some from this community got in at 50% retracement (an 3 pushes up) from the last peak....

after the second leg down she made a DB....and from then she went into range......fading the extremes is a valid option until new development.....

Yes...she still is a bull but in a bull many bears can still dance....
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trading is simple but is simple is not easy.
  • #1,127,235
  • Aug 10, 2017 4:31am Aug 10, 2017 4:31am
heres what I'm doing that you are not ,I'm saying something ,with reason and putting my neck on the line considering the trend and even the candles in this picture at the time
this chart has limited option ,I don't know what next exactly but I'm clear in end result what I think
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Quoting Bones
if I said eur will not break ,and usd went to 1.9558 while eur consolidated 2.3060 divide by 1.9558 ==1.1790 other tl would be good anyway imo but its early to know exact but if usd will not break down maybe this tl is good eu d1 is bad I think $ wants the falling TL USDLFX {image}
Quoting Catch-22
{quote} 500pip increase in price over last 2 months, EUR gaining on JPY since April, not sure why that needs explaining.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,127,236
  • Aug 10, 2017 4:47am Aug 10, 2017 4:47am
All that bearish movement was caused by news, except today's movement (which is also probably based off today's news positioning).

I simply don't think that there is anything to glean from that chart to even be expressed as a prediction. It's all been down to the randomness of a chart that topped out and got 3 negative news events and had retracements afterward. Only the news has made new lows.

It doesn't change my bullish bias, but the news (particularly today's) has certainly made me think that it could be the catalyst for a more long term change.
  • #1,127,237
  • Aug 10, 2017 4:49am Aug 10, 2017 4:49am
eu Slowly down
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english is very hard me
  • #1,127,238
  • Aug 10, 2017 5:04am Aug 10, 2017 5:04am
Quoting Catch-22
All that bearish movement was caused by news, except today's movement (which is also probably based off today's news positioning). I simply don't think that there is anything to glean from that chart to even be expressed as a prediction. It's all been down to the randomness of a chart that topped out and got 3 negative news events and had retracements afterward. Only the news has made new lows. It doesn't change my bullish bias, but the news (particularly today's) has certainly made me think that it could be the catalyst for a more long term change....
yes but a retracement was due.....on the daily prices have not touched the 21ema yet.......but bulls are a bit hesitant as well......I think the momentum in the leg down is making them think (or maybe they are all at the Mediterranean).......in a technical level I have not seen yet a reason to be back as a bull.....of course do not take any noticed of me.....I am too old and I cant bear(!!!) to see anything at all...
trading is simple but is simple is not easy.
  • #1,127,239
  • Aug 10, 2017 5:06am Aug 10, 2017 5:06am
Scalpers paradise
  • #1,127,240
  • Aug 10, 2017 5:08am Aug 10, 2017 5:08am
Quoting ZenNy
{quote} yes but a retracement was due.....on the daily prices have not touched the 21ema yet.......but bulls are a bit hesitant as well......I think the momentum in the leg down is making them think (or maybe they are all at the Mediterranean).......in a technical level I have not seen yet a reason to be back as a bull.....of course do not take any noticed of me.....I am too old and I cant bear(!!!) to see anything at all...

lol, after 3 news events like that you'd be foolish to not be thinking about it, even if they can't hear me screaming!
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