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  • #1,129,921
  • Aug 24, 2017 10:26pm Aug 24, 2017 10:26pm
Good analysis about the loonie.

Trade safe and prosper

KP

Quoting Samson85
{quote}...The cad is also very difficult to trade pull backs and dips because the cad has strong fundamentals so when the usd/cad looks like it's going up the cad can drag it down at anytime.
Do your homework, follow the footprints of smart money
  • #1,129,922
  • Aug 24, 2017 10:35pm Aug 24, 2017 10:35pm
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  • #1,129,923
  • Aug 24, 2017 10:55pm Aug 24, 2017 10:55pm
For anything longer then 5 to 10 pips, wait until the Jackson Hole Symposium is over. My unqualified opinion, no one of big volume wants to be in over the weekend when the big heads are there and can easily cause core directional changes with a few words and closed markets.
Pat
  • #1,129,924
  • Aug 24, 2017 10:57pm Aug 24, 2017 10:57pm
alright draighi sir, lets do it
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  • #1,129,925
  • Aug 24, 2017 11:09pm Aug 24, 2017 11:09pm
Quoting Connors
{quote} The thing is; I don't mind giving some of my gains back to the market as long as I get a clear picture of what it is trying to do. At the moment I don't! It happens time to time. So the only thing I can do is reduce the trading lots and focus on money management. There is no harm in backing off a little against your opponent and wait for the perfect shot & hit him hard when the opportunity presents itself.
wise words..
100% KENYAN.
  • #1,129,926
  • Aug 24, 2017 11:23pm Aug 24, 2017 11:23pm
if prison break happens on udx 1hr chart we could see even lower prices on eurusd.
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100% KENYAN.
  • #1,129,927
  • Aug 24, 2017 11:34pm Aug 24, 2017 11:34pm
ok then, popcorn time for me, quit -3
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  • #1,129,928
  • Aug 24, 2017 11:45pm Aug 24, 2017 11:45pm
Yesterday some of us on this thread were aiming for longs when the price reached around the 1.18210 area. But a thorough technical analysis would have dictated or advised otherwise. At least the position should have been to stand aside for clarity in price action, particularly if you are a swing trader like me. An example of such an analysis is shown in the chart below.

I am not always right. Trade safe and prosper.

KP


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Do your homework, follow the footprints of smart money
  • #1,129,929
  • Aug 25, 2017 12:09am Aug 25, 2017 12:09am
A breath of fresh air from London. Let's see how quickly this goes back to 1.18 again.
  • #1,129,930
  • Aug 25, 2017 12:20am Aug 25, 2017 12:20am
closed long.
Quoting falcon72202
{quote} not so fast.
Attached Image
opened short...
Attached Image
I can.I will. End of story.
  • #1,129,931
  • Aug 25, 2017 12:22am Aug 25, 2017 12:22am
erghh.. didnt dare to take the drop just now ... price is below H1 ichi cloud now.. but... stopped by H4 cloud... hmmm
Lets make some green pips
  • #1,129,932
  • Edited 12:46am Aug 25, 2017 12:31am | Edited 12:46am
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  • #1,129,933
  • Aug 25, 2017 12:45am Aug 25, 2017 12:45am
Quoting NagaMas
{image}
I guess that's the push the euro needs to reach the high of 1 year ago in EUR/GBP...
  • #1,129,934
  • Aug 25, 2017 12:53am Aug 25, 2017 12:53am
E. Stoped at 1.17 85 Some on prft some at BE . . . .

BP same SL 1.2773
  • #1,129,935
  • Aug 25, 2017 12:59am Aug 25, 2017 12:59am
german ifo better be positive...

edit: it was.
  • #1,129,936
  • Aug 25, 2017 1:05am Aug 25, 2017 1:05am
Quoting F.g
E. Stoped at 1.17 85 Some on prft some at BE . . . . BP same SL 1.2773
Kept mine just below weekly S 1 ,,,,,,,, holding up atm in bp,,,,,,,,, hoping for another crack at last weeks low, maybe weekly pivot 1.29 , would be a stretch tho,,,,,,,, eur just bought the curruent weekly 50% level 1776 , will see if thts got any for the day
  • #1,129,937
  • Aug 25, 2017 1:06am Aug 25, 2017 1:06am
Quoting falcon72202
closed long. {quote} opened short... {image} {image}
closed short. maybe done for this week....
I can.I will. End of story.
  • #1,129,938
  • Aug 25, 2017 1:06am Aug 25, 2017 1:06am
I wanna share my humble view of EU market at this stage of the game.

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generally, EU has broken 2.5 years ranging price.

In my opinion, EU still need "250 pips dip" to take pullback of 5 years line, or alternatively "500 pips dip" to retest the squeeze break of that ranging price

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  • #1,129,939
  • Aug 25, 2017 1:17am Aug 25, 2017 1:17am
Quoting Davidbc
{quote} I guess that's the push the euro needs to reach the high of 1 year ago in EUR/GBP...
did you mean that It will make that terrible wick like in EG and then falling down?
  • #1,129,940
  • Aug 25, 2017 1:24am Aug 25, 2017 1:24am
Quoting NagaMas
{image} {image}

It jumped with strength from that area you showed. Congratz man. I hope it holds and continues up
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