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  • #1,136,101
  • Oct 1, 2017 4:35am Oct 1, 2017 4:35am
EU Strength inidication, since 10 weeks we are above 10 year support level 1.1650. Tested 3 times.
Holy Grail - Patience and Acceptance
  • #1,136,102
  • Oct 1, 2017 4:36am Oct 1, 2017 4:36am
Quoting bluesoul
{quote} im 100% sure it will go up or down
well what change implies is what it is... so what is now and what would CHANGE mean?
Can you afford to take that chance?
  • #1,136,103
  • Oct 1, 2017 4:40am Oct 1, 2017 4:40am
Quoting auricforecas
{quote} well what change implies is what it is... so what is now and what would CHANGE mean?
Just Kidding.

Anyhow.

Going UP.
Holy Grail - Patience and Acceptance
  • #1,136,104
  • Edited 5:16am Oct 1, 2017 4:43am | Edited 5:16am
Bears have broken a major daily bull TL and were traveling in a wide bear channel, the second down inside that channel was traveling in a tight deep bear channel......

Bulls got aggressive around the channel line of wide bear channel and broke the TL of the bear tight deep bear channel.....made an HL and now are traveling in a new bull channel..... this channel is tighten a bit at his end making look similar to an upcoming rising wedge...which could end up as a bear flag.....

Prices always are traveling in some kind of channel but the reality is we never know when they will end..... but PA, TA and an attentive unbiased eye can help..
(the bulls latest HL was made after the tight deep bear channel turned first into a falling wedge (at the channel line of the wide bear channel) and then broke his bear TL, the PB from it towards the new low extreme was also traveling in a small bear channel.......The breakout pull back of it made the bulls HL.....prices from there quickly got to 1.18.....

Prices are still at 1.18......Bulls will try to take this to 1.19 and bears will try to take this to 1.17....

Before price got to his most recent high extreme 1.18 was a bloody battle field.....Could be another battle....
trading is simple but is simple is not easy.
  • #1,136,105
  • Oct 1, 2017 4:45am Oct 1, 2017 4:45am
Quoting ZenNy
Prices are still at 1.18......Bulls will try to take this to 1.19 and bears will try to take this to 1.17....
Not bad! You got my attention
I would add "AFTER" and would be happy.
Can you afford to take that chance?
  • #1,136,106
  • Oct 1, 2017 4:57am Oct 1, 2017 4:57am
Well ok, let me be clear. You can be pretty sure if you place order now (as soon as your broker opens - after reducing weekend spread)... TP 1.182... you will get at least few pips, depends on your broker(s spread)...
We have pretty much had UPTREND for the whole year right? So what does change mean? If it is UP now? It means DOWN! Yes, DOWN...
As for market for coming week... it depends on the buildup that occurred durring the weekend... I would be confident to SHORT from middle of the week onwards..
But would see if it will go to 190 first.... should be clear with market opening and a few hours after, latest till/on monday morning (EU time).

So yes, no BULL now... I would short for the next 3months at least... so till the end of the year. But for how much at once, risk management, leverage, exposure etc.. thats another story. Direction is easy The harvesting part is whats the art... or at least good stat and risk management...

So yea, judge me by it... again, NO BULL, just what it is. I stand by my claim.

And here's some TRAILER for 2018... It might be a A WILD RIDE for the EU/R

And BTW (off topic), crypto is worthless, no exceptions... Tulipmania.
Can you afford to take that chance?
  • #1,136,107
  • Oct 1, 2017 5:15am Oct 1, 2017 5:15am
Quoting ZenNy
Bears have broken a major daily bull TL and were traveling in a wide bear channel, the second down inside that channel was traveling in a tight deep bear channel...... Bulls got aggressive around the channel line of wide bear channel and broke the TL of the bear tight deep bear channel.....made an HL and now are traveling in a new bull channel..... this channel is tighten a bit at his end making look similar to an upcoming rising wedge...which could end up as a bear flag..... Prices always are traveling in some kind of channel but the reality is...
Monday Tuesday 1770 - 1880 (except any news spikes)

Long Term, 1.21 and 1.26. Can pick shorts on intraday but, i like to trade with long term direction.

Very Clean Monthly Chart telling the story.

@ the end its all based on current charts. all TA change when dynamics of charts change
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 78 KB
Holy Grail - Patience and Acceptance
  • #1,136,108
  • Oct 1, 2017 5:33am Oct 1, 2017 5:33am
Quoting bluesoul
{quote} Monday Tuesday 1770 - 1880 (except any news spikes) Long Term, 1.21 and 1.26. Can pick shorts on intraday but, i like to trade with long term direction. Very Clean Monthly Chart telling the story. @ the end its all based on current charts. all TA change when dynamics of charts change {image}
Soul

Thank for you post.

I also feel this is still a bull but bears have showed strength at least on the daily.....

You are right monthly only shows a flag and weekly a possible bull flag.....

Said that personally mostly I am looking for is 30-80 pips move and if my reading is telling me bulls are weakening in a bull and there is enough room to swing a cat or viceversa..... I will take a trade...sometimes when I get lucky I catch a great move if I have the courage to sit tight.....

Technically this can go down to 1.16 before she goes back 1.20..... (I am not saying it will, but can be a possibility, nobody know what will happen in a long term)

my job is to follow the strongest market movers not to get trapped in my own convictions.....

just finished to watch Chelsea V City.....what a beauty......my team lost...
trading is simple but is simple is not easy.
  • #1,136,109
  • Oct 1, 2017 5:56am Oct 1, 2017 5:56am
Good chance EU will see 1.19 before falling to around 1.12 & maybe 1.09
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDDaily.png Size: 30 KB
Conventional trading is for losers
  • #1,136,110
  • Oct 1, 2017 6:13am Oct 1, 2017 6:13am
Quoting Ralffe
Good chance EU will see 1.19 before falling to around 1.12 & maybe 1.09 {image} {image}
not bad ;D
Can you afford to take that chance?
  • #1,136,111
  • Oct 1, 2017 8:07am Oct 1, 2017 8:07am
Recep tayip erdogan say's "no" to eu membership !
  • #1,136,112
  • Oct 1, 2017 8:21am Oct 1, 2017 8:21am
Quoting Sls1807
Recep tayip erdogan say's "no" to eu membership !
he today says no tomoroow say who said no... but why you write in eurusd threat...this has zero affect here...may be events in spain do some.
president
  • #1,136,113
  • Oct 1, 2017 9:30am Oct 1, 2017 9:30am
Everything is possible in Forex! Still Buy with SL below 1760. Target 1870

why Sell now if you can sell Higher?
  • #1,136,114
  • Oct 1, 2017 10:17am Oct 1, 2017 10:17am
drop to 1.76 then up to 1.9??? then from there poteintial short mid week
  • #1,136,115
  • Edited 11:44am Oct 1, 2017 11:12am | Edited 11:44am
Quoting bluesoul
{quote} Monday Tuesday 1770 - 1880 (except any news spikes) Long Term, 1.21 and 1.26. Can pick shorts on intraday but, i like to trade with long term direction. Very Clean Monthly Chart telling the story. @ the end its all based on current charts. all TA change when dynamics of charts change {image}
Anything possible for sure ,but a couple hundred each side of 1.20 for quite a while could be the range long term ,would not be surprised anyway,,,,,,,,currently other than scalps I will be watching 1.19 or rough monthly price average for a some longer hold shorts ,,,no not forever or parity lol, just a little more than a scalp trade ,,,,, Ill have my new quarter numbers on mkt open ,,,,,will see how it lines up with charts and go from there ,,,,,,,can picture a drop to 16 ish anyway easy enough ,,,,,always like to look at both sides of things on a quarterly close and open and things are somewhat tilted that way to me anyway ,,,,,,,,,,,dukes up traders,,, mkts will be open soon ,,,,,,,,,, top chart eurusd bottom chart usdeur ,,,,,,,,,pick your levels and push the button, cheers. ps tails on a monthly candle can be longer than one may realize,,,,,,,nice clean monthly chart can have areas of tails either way
Attached Image (click to enlarge)
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  • #1,136,116
  • Oct 1, 2017 11:33am Oct 1, 2017 11:33am
Speaking of monthly chart,,,,,,imagine it as a nice clean hourly unless your gambling would you buy and hold from blue line ,,,,,,, or be patient and wait for a test of the channel it broke out of much closer to better support ,,,,,,,,,monthly charts , daily charts , hourly charts , minute charts - they all play the same way,,,,,, just the scope of the move is much larger on longer time frames ,,,,,,, ,,,, blue line and the red average may be good for a quick monthly scalp lol if there is such a thing ,, to the high again ,,,,,,,but with price under a rough monthly average now on shorter time frames , I wouldnt count it as a given a monthly tail could reach the better support area easy enough and may end up just being a tail ,,,, anything is possible tho,, cheers all and a great week to all
Attached Image (click to enlarge)
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  • #1,136,117
  • Oct 1, 2017 1:56pm Oct 1, 2017 1:56pm
Quoting digger1
{quote} Anything possible for sure ,but a couple hundred each side of 1.20 for quite a while could be the range long term ,would not be surprised anyway,,,,,,,,currently other than scalps I will be watching 1.19 or rough monthly price average for a some longer hold shorts ,,,no not forever or parity lol, just a little more than a scalp trade ,,,,, Ill have my new quarter numbers on mkt open ,,,,,will see how it lines up with charts and go from there ,,,,,,,can picture a drop to 16 ish anyway easy enough ,,,,,always like to look at both sides of...
Agreed.

Just to add, This week close will confirm if last month was a test of 10 year support(2003-2014), where we are now after it was broken in Oct-2014.


Recent Bottom of 1720 check spikes of volumes in white and red in volume window. (M15)
Here sellers started shorting when it went below 1800 (1700ish area). And smart money started buying, how because down move is stopped by up candles followed by every high volume sell candle. (if such huge volume sellers entered market candles should be of bigger spread, and next candles shouldnt go up)
Which means Smart Money still have long positions, they may close it near 1.20 area again or if they have a bullish view they will push it above 1.21.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDM15.png Size: 103 KB
Holy Grail - Patience and Acceptance
  • #1,136,118
  • Oct 1, 2017 2:02pm Oct 1, 2017 2:02pm
I know there's still a couple hours before the open... but as of right now it's looking like a pretty good gap DOWN coming (also for GP).
  • #1,136,119
  • Oct 1, 2017 2:05pm Oct 1, 2017 2:05pm
saw a gap of 40 pips, 1.1775 on xe,
going upward now its 1790, they wont let traders get good price.
lets see if it goes down again to 1775 for a cool buy
Holy Grail - Patience and Acceptance
  • #1,136,120
  • Oct 1, 2017 2:19pm Oct 1, 2017 2:19pm
Quoting VuLe
{quote} Im in short eu 1.1826... gap down monday... if gap up I will add another short. Sl will be 1.1875. Could change if I see something different during this weekend studies
Adding another short with this gap down... looking at 1.165x could extend lower.
Trade what you see, take what the market gives you.
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Yaruki