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  • #1,132,881
  • Sep 8, 2017 11:21pm Sep 8, 2017 11:21pm
Quoting Connors
{quote} My view is such that EURUSD will print levels above 1.2428 this month. That is the first level I will consider shorts however, montly R3 - 1.2507 is certainly within reach. I believe it will print the year high closer to 1.26xxs and then will end the month in a bearish tone. So no rush for me to build shorts yet. The weekly close is anything but bearish, I am dying to enter longs anywhere close to 1.1920s but it is very unlikely that I can get it. I completely switched to Bulls side as things stand.
1920 area may be a stretch,, news spike maybe ,havent looked to see what there is for news . 1950 ish area I will be looking ,,,,,,,,Candle body area of failed pin bar ,,,,,,,,,,,,,,,,,,,,,,2140-50ish area will probably be a bit testy, sure you know why , but marked on the chart ,,,,,,need a good push thru that area then a test of it to get 1.26 area . Price quietly settled above Q R2 ,,,,,,,. Just looking at it it would appear to have a bearish tilt to it .......... It dont lol. The time it takes to do that is the tricky part ,,,,,, Last month of a quarter,,,,, it does have some steam to it at the moment ,,does it push all the way now (sure there is enough stps getting close to fuel it) or just kinda clown around to get next quarters open around the 50% level marked on chart,,,,,,kinda my suspicion atm then there is a whole new range to work up and down,,,,,,,good eye man. Also the fact that uj took out last quarters low and settled below ,,,,,,,,, now some nice tgts 250 pips lower . Have a great weekend .
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  • #1,132,882
  • Edited 2:24am Sep 9, 2017 1:50am | Edited 2:24am
Quoting BaIdur
{quote} Don't u think german election (24 Sep) might be a little more important than italian one...
Absolutely not. The Germans are for the Euro and Europe........

The election of the new president in France confirms the alliances Franco Germanic for a stronger Europe........Before him there were uncertainties....

The movimento cinque stelle (like most Italians) in Italy might be for Europe but not for the euro, if they win then uncertainty may spread back.....If Italy pulls out after the British there is not any Europe left......

Enough politics here.....it is all in the bar anyway.....
trading is simple but is simple is not easy.
  • #1,132,883
  • Edited 3:17am Sep 9, 2017 3:05am | Edited 3:17am
Quoting Connors
{quote} Feck! Where are you man! Even 1.0800x but not before 1.2428 - at the very least. And you know I am right. 1.1973 was not a joke dammit! All well on your end I hope, sort out the damn office, wake your neighbour Ata Turkoglu - you can violate Turkish airspace with your F-16s when necessary - and come back as soon as possible please! I am losing the interest for the thread when you guys are not around. Missing you folks terribly!
Well, all I am seeing so far in this month is USD bouncing at the extremes and this is too early in the month. That means a counter-attack is coming, not saying it won't end at these levels where it is now or higher, but a correction would surely come probably by next week vs everything. Most it can lose before the comeback is another 400 pips, so ~ 50-60 pips per chart vs majors, but it can recover from experience ~ 700-1800 pips (+400 if it comes first), which equally applied to all means 1.1930 to 1.1770 in EU; will be watching your 1.1930/20 and .7950 AU.
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Quoting Don96
{quote} Stick around ! You shorting for 1.12 :0
No no Not before it closes below 1.1820 (yellen/draghi combo).
  • #1,132,884
  • Sep 9, 2017 3:42am Sep 9, 2017 3:42am
Looking at the PA before market closed...2020-30 was a bad ass support...so the market will either open with a gap up on monday or asians will take it up from there first...so I will let them play for a couple hours and then short whatever the number is...probably 2040+ again, ideally above 2050. Into 1978-80.
Everyone can see the chart, but only a few can actually read it.
  • #1,132,885
  • Sep 9, 2017 5:58am Sep 9, 2017 5:58am
Quoting sakisf
{quote} Well, all I am seeing so far in this month is USD bouncing at the extremes and this is too early in the month. That means a counter-attack is coming, not saying it won't end at these levels where it is now or higher, but a correction would surely come probably by next week vs everything. Most it can lose before the comeback is another 400 pips, so ~ 50-60 pips per chart vs majors, but it can recover from experience ~ 700-1800 pips (+400 if it comes first), which equally applied to all means 1.1930 to 1.1770 in EU; will be watching your 1.1930/20...
I'd love that AU number next week before going any higher...

Also got stopped on uj at 107.317 was only 7 pip stop so probs my fault
  • #1,132,886
  • Edited 6:54am Sep 9, 2017 6:14am | Edited 6:54am
Can we all just agree that 2017 is a Bullish Year for the Euro and 2018 will be a Bearish Year?
For me, I have concluded.. I think the Dollar will Rise in 2018... take a look at this weekly chart for a min..

Enjoy Ya Weekend Guyz'
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  • #1,132,887
  • Sep 9, 2017 7:08am Sep 9, 2017 7:08am
Quoting jusstin911
{image}
I will trade your second image, too, next week. Just I will probably get rid of the shorts around 1978...and then I'll wait...I will long when it bottoms somewhere.
Everyone can see the chart, but only a few can actually read it.
  • #1,132,888
  • Edited 11:05am Sep 9, 2017 10:31am | Edited 11:05am
Quoting jusstin911
Can we all just agree that 2017 is a Bullish Year for the Euro and 2018 will be a Bearish Year? For me, I have concluded.. I think the Dollar will Rise in 2018... take a look at this weekly chart for a min.. Enjoy Ya Weekend Guyz' {image} {image}
hey J , i like your charts

yep, the 87 - 89 area could be a viable target for the USD

2017 has been bullish so far for the EUR and it could be for the rest of 2017 , we'll see : let's just trade the trend at hand , and go with it .

we'll see if 2018 will be bearish , if there's a change in trend , we'll trade accordingly
  • #1,132,889
  • Sep 9, 2017 2:23pm Sep 9, 2017 2:23pm
Poor swing traders with GU.

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Everyone can see the chart, but only a few can actually read it.
  • #1,132,890
  • Sep 9, 2017 3:03pm Sep 9, 2017 3:03pm
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could this be a top ? Regards B
Quoting digger1
{quote} 1920 area may be a stretch,, news spike maybe ,havent looked to see what there is for news . 1950 ish area I will be looking ,,,,,,,,Candle body area of failed pin bar ,,,,,,,,,,,,,,,,,,,,,,2140-50ish area will probably be a bit testy, sure you know why , but marked on the chart ,,,,,,need a good push thru that area then a test of it to get 1.26 area . Price quietly settled above Q R2 ,,,,,,,. Just looking at it it would appear to have a bearish tilt to it .......... It dont lol. The time it takes to do that is the tricky part ,,,,,, Last...
  • #1,132,891
  • Sep 9, 2017 3:10pm Sep 9, 2017 3:10pm
Quoting elbert3
{image} could this be a top ? Regards B{quote}
Top of what? This week? This month? Or a long term top? Long term, definitely no. This month, not sure either...I mean only asians were at 2090 levels...there is no way in hell it can drop too far before europeans and americans try those levels, too...they never let asians decide whats the top/bottom. Actually, most of the time, its not a valid top/bottom if NY doesn't create it. London is second and whatever asians do is meaningless in the long run. You can see when EU opens up, they don't take asian support/resistance levels seriously and go through them like knife through butter.
Everyone can see the chart, but only a few can actually read it.
  • #1,132,892
  • Sep 9, 2017 3:17pm Sep 9, 2017 3:17pm
Quoting Connors
{quote} My view is such that EURUSD will print levels above 1.2428 this month. That is the first level I will consider shorts however, montly R3 - 1.2507 is certainly within reach. I believe it will print the year high closer to 1.26xxs and then will end the month in a bearish tone. So no rush for me to build shorts yet. The weekly close is anything but bearish, I am dying to enter longs anywhere close to 1.1920s but it is very unlikely that I can get it. I completely switched to Bulls side as things stand.
Watching 1.2165. Very strong area, this week USD data may help to break.
Chart is telling a retrace to 1.1250.
I might be wrong, but supply is huge in in 1.2165 to 1.20 area to push the market down. Lets see
Holy Grail - Patience and Acceptance
  • #1,132,893
  • Sep 9, 2017 3:26pm Sep 9, 2017 3:26pm
Quoting bluesoul
but supply is huge in in 1.2165 to 1.20 area
How do you know what supply there is at levels we didn't visit yet?
Everyone can see the chart, but only a few can actually read it.
  • #1,132,894
  • Sep 9, 2017 4:14pm Sep 9, 2017 4:14pm
why most traders always trying find reasons to counter the trend instead of trying to find reasons to join the trend?
trading is simple but is simple is not easy.
  • #1,132,895
  • Sep 9, 2017 4:16pm Sep 9, 2017 4:16pm
Quoting bluesoul
{quote} Watching 1.2165. Very strong area, this week USD data may help to break. Chart is telling a retrace to 1.1250. I might be wrong, but supply is huge in in 1.2165 to 1.20 area to push the market down. Lets see
1.2130 + Noise
WaBaS Where are Buyers and Sellers
  • #1,132,896
  • Sep 9, 2017 4:18pm Sep 9, 2017 4:18pm
Quoting ZenNy
why most traders always trying find reasons to counter the trend instead of trying to find reasons to join the trend? Never understood that. Or maybe I do.
Normally retail will start longing EU when it actually turns and starts dropping for a couple hundred pips...until then they will be shorting. Always been like that.
Everyone can see the chart, but only a few can actually read it.
  • #1,132,897
  • Edited 5:14pm Sep 9, 2017 4:39pm | Edited 5:14pm
Quoting OnlineAddict
{quote} Normally retail will start longing EU when it actually turns and starts dropping for a couple hundred pips...until then they will be shorting. Always been like that.
a couple hundred of pips? depends of the marker conditions and the nature of the swings....

bears trying to short a strong bull will only fuel the trend by covering at a loss becoming themselves bulls...

I think there is a psychological reason to that, traders subconsciously just want to lose or have little idea how to trade (95%).

Also visually looks much easier to counter a trend because reversals are stronger due to profit taking and setups to join the trend look very poor......

Yes it is ok to short a strong bull but only to join traders when they take profits........but one needs to know what he is doing......as on Friday where Eu made a DT at the channel line.....

EDIT:
Also some ego trip are involved: "I shorted the top to the pip"....

and how the hell one knows to short 50 pips above without knowing how she gets there? yes there maybe bit a strong resistance up there but one needs to analyze the move up to there: is she traveling in a tight channel? did she break a few up trend lines? and what about the nature of the bars? Is there a rising wedge? and so on and on....


An old grumpy man..
trading is simple but is simple is not easy.
  • #1,132,898
  • Edited 5:19pm Sep 9, 2017 5:01pm | Edited 5:19pm
Quoting elbert3
{image} could this be a top ? Regards B{quote}
Anything is possible ,,,,,,, 1970 ish area is one Ill be watching ,,,this has been a good run up for sure ,,,,,,, it wont turn on a dime if it is getting toppy,,,,,,,,, back up plan ,,,,,,,,,price gets down around 1970ish ,,,,,,and it mills around there with out starting up again could be a little bigger pull back ,,,, I do have a tgt down 17ish area ,,,,,,,,, tops are getting a little spikey looking up here on daily, if it is a top there should be another chance or 2 to get in up there ,,,,,,,,,, has to quit putting in new highs 1st for me tho and scrapping more around weekly price average,,,,,,,,,,,,,A trip down to tht area would put it below monthly price average then the weeklys should be a resistance area ,its got some work to do if this is gonna be a temp top (volume on daily chart is indicating a slight possibility of this ) ,,,,,,,,,cheers man
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  • #1,132,899
  • Sep 9, 2017 5:29pm Sep 9, 2017 5:29pm
Happy Saturday my fellow traders!Past week I truly nailed it! I call it" SCREW YOURSELVE FOR GOOD if you can " Still in hospital since Wednesday night! My gallbladder gave up on me completely and today was officially surgically removed . Feeling much better but still in tons of pain. So all that cost me 80 pip SL eventually hit on EU. So you guys can imagine how I felt . Loosing my mind cause of pain in the hospital and looosing my mone. Anyway this def looked like exhaustion move. I got 2 perfect Divergence formed on both charts. I didn't read much about ECB cause I literally got my conscious back just recently. If someone can bring me up to speed with what they say I would greatly appreciate. Even without it. We are going down. USD CAD is on my close radar from now on. Very interesting pair. I am a bit off track right now, so any thoughts for next week will be appreciated. Wish everyone great weekend and profitable next week!
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  • #1,132,900
  • Sep 9, 2017 5:34pm Sep 9, 2017 5:34pm
Quoting ZenNy
why most traders always trying find reasons to counter the trend instead of trying to find reasons to join the trend?
the human mind always tries to correct mistakes i.e FOMO
practising coitus interruptus
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