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  • #1,137,521
  • Oct 22, 2017 5:52am Oct 22, 2017 5:52am
Quoting NotAtrader
Outlook for June: {image}
Hi buddy!!
Remember this old Bull Picture?
Stock Market goes up as crazy....talkin E/U up as well?!?!

One or the other goes down now?

E/ U i think, due to Trumpy and his tax, budget etc.

Then E/U up stock crash (mid November)??

Ideas??
Or chat private?
Beware of robber banks (RB), bad advisors.
  • #1,137,522
  • Oct 22, 2017 8:48am Oct 22, 2017 8:48am
I have certainly been on a learning curve when it comes to currency trading. I'm still diggin myself out of a hole. Even quit for a couple of years. But now I'm back with a more long term strategy because my short term strategy left me in the red more than not. I'm hoping to get back at zero by the end of the year but who knows.

I know that most here are day traders and scalpers. I used to do that and I know there are some that do well. I just find it exhausting. I now hold multiple positions over the course of a few weeks to a few months so I suppose I'm a trend trader. I got tired of the momentary blips of the market when Draghi or Yellen said something just for the PA to go back where it was or strengthen the existing trend. In other words these announcements most of the time come to nothing unless you daytrade.

Just curious if anyone had similar experiences.
Taigen Profit This Month: na
  • #1,137,523
  • Oct 22, 2017 10:17am Oct 22, 2017 10:17am
Quoting Taigen
I have certainly been on a learning curve when it comes to currency trading. I'm still diggin myself out of a hole. Even quit for a couple of years. But now I'm back with a more long term strategy because my short term strategy left me in the red more than not. I'm hoping to get back at zero by the end of the year but who knows. I know that most here are day traders and scalpers. I used to do that and I know there are some that do well. I just find it exhausting. I now hold multiple positions over the course of a few weeks to a few months so I suppose...
I have had a similar experience to yours. You are not alone in failure. It's impossible to grow and learn without failing. I did look at your TE, why are there so many sells?! That would make me very nervous. I assume you're not using SL. What if a black swan shoots price against you? You'd get wiped out and all your efforts would go to waste. It is not a good foundation to build a long-lasting strategy on. I'm just suggesting not to settle for a no SL strategy (unless you have a large account)
Here's Tom with the weather.
  • #1,137,524
  • Oct 22, 2017 11:13am Oct 22, 2017 11:13am
Short from 1.1806..but not so sure since daily candle still inside ichimoku cloud..hope can get to 1.1710 tomorrow..
  • #1,137,525
  • Oct 22, 2017 12:06pm Oct 22, 2017 12:06pm
Quoting andri66
Short from 1.1806..but not so sure since daily candle still inside ichimoku cloud..hope can get to 1.1710 tomorrow..
The 1.17100 is down there. That'll be a nice one. I don't use the cloud but the daily candle looks quite good on my end. I'm also playing around with this indicator, which is suggesting a no trading day for EURUSD. So if I'm using the new tool, I wouldn't be trading EURUSD today. I'll do it anyway so looking to short somewhere between 1.17889 and 1.17994, targeting 1.17624 with a wide stop probably somewhere between 1.18205 and 1.18265.
Here's Tom with the weather.
  • #1,137,526
  • Oct 22, 2017 12:10pm Oct 22, 2017 12:10pm
Quoting TudorIoan
Last week Pivot Points for the next week outlook. - Trump said on Friday he thinks Republicans have the votes needed to pass a big tax cut package. - Gold, Yen, up after Yellen's ride at White House... - BoC rates on Wed - ECB rates on Thu EUR/USD Low Gap on Monday? ...I expect 1730 on Monday's London session {image}
do you see testing 1.1721 and 1.1705 and then bouncing back up? ur just going down?
for me it just looks like a big consolidation area between 1.1721 and 1.1875
MAKE IT RAIN
  • #1,137,527
  • Oct 22, 2017 2:31pm Oct 22, 2017 2:31pm
Hi , some Ichimoku levels (Hourly Daily).



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KISS&V :Keep it simple safe & visual
  • #1,137,528
  • Oct 22, 2017 3:26pm Oct 22, 2017 3:26pm
... ???
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  • #1,137,529
  • Oct 22, 2017 3:33pm Oct 22, 2017 3:33pm
Quoting OHLC
{quote} I have had a similar experience to yours. You are not alone in failure. It's impossible to grow and learn without failing. I did look at your TE, why are there so many sells?! That would make me very nervous. I assume you're not using SL. What if a black swan shoots price against you? You'd get wiped out and all your efforts would go to waste. It is not a good foundation to build a long-lasting strategy on. I'm just suggesting not to settle for a no SL strategy (unless you have a large account)
You're correct in that I don't set my SL. My broker requires by the Frank-Dodd Act to cover at a 25% loss which is what I use as a SL. If I'm positioned badly, it can hurt temporarily but I have always recouped my loss to usually a profit but sometimes a break-even. If the conditions allow, I will buy back the cover immediately at a much better position. The daily chart is in a consolidation of sorts which may indicate a trend reversal--who knows. I do think the market will test the 1.670 area. If it does that will be a triple bottom which usually gives an 'either or' scenario. It will either head back up strong or break through the support strong.

Politically, it may be swinging in the US dollar's favor. The Trump tax cuts will go through which will bring american dollars overseas back home, and with ECB dragging their feet regarding quantitative easing taper; and no doubt the euro will be affected by the Catalan revolt. Those must be considered going forward.
Taigen Profit This Month: na
  • #1,137,530
  • Oct 22, 2017 4:53pm Oct 22, 2017 4:53pm
Today’s bar(Monday) will remain bearisch
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  • #1,137,531
  • Oct 22, 2017 6:09pm Oct 22, 2017 6:09pm
The gap screwed up a better setup but still managed this quick one.
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Here's Tom with the weather.
  • #1,137,532
  • Oct 22, 2017 11:07pm Oct 22, 2017 11:07pm
The pair start the week with a bearish gap, found immediate support level around 1.1750. Focus turn to ECB this week.
  • #1,137,533
  • Oct 23, 2017 1:07am Oct 23, 2017 1:07am
My Intraday Outlook.
(ahead London)

EUR/USD
- in the middle of nowhere daily and weekly
- bearish, intraday
- bearish, on fundamentals (Trump+Republicans on tax cuts and the Catalan issue)

My intraday resistance:
-1.1786-90 (Weekly_Pivot); 1.1800; 1.1815;

My intraday support:
- 1.1750 (Weekly - mid); 1.1730
- 1.1715 (Weekly_S1)

I see no red news for euro in the calendar until Wed-Thu ...when the rates and Draghi important words will come out.
That can possibly mean a nasty waiting range + speculative spikes until the big news onThu ...we'll see.
I bet on the range if no Trumpxy cut or Catalans mess...

My short target over-weekend @1.1730

Have a good trading day, you all!
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Member
  • #1,137,534
  • Oct 23, 2017 1:46am Oct 23, 2017 1:46am
Posing for break out at just tl for 1.1661 limit now , if 1612 though . still bull set up to decide at a top, if not decided for now yet after having a good grip/ signal for great bull in higher tf , where pa around at the middle of 1.2500 bo level & 1.090 take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,137,535
  • Oct 23, 2017 2:06am Oct 23, 2017 2:06am
For today big chance for going down a bit further...

Watch out and stay green:-)
good luck
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  • #1,137,536
  • Oct 23, 2017 4:03am Oct 23, 2017 4:03am
Quoting Samson85
Go long at 7am next Thursday. {image}
Good tip! I'll keep it in mind.
  • #1,137,537
  • Oct 23, 2017 6:34am Oct 23, 2017 6:34am
At the moment, the price is testing point of 1,17342. And several times it tried to break through this point. And I think that if the bear does not have enough strength. So bull will go up to the point of 1,18575. However, if the bear passes thru then it will go lower to the point of 1,17036. And probably lower to support.
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  • #1,137,538
  • Edited 7:23am Oct 23, 2017 6:57am | Edited 7:23am
Quoting Zakhar13
At the moment, the price is testing point of 1,17342. And several times it tried to break through this point. And I think that if the bear does not have enough strength. So bull will go up to the point of 1,18575. However, if the bear passes thru then it will go lower to the point of 1,17036. And probably lower to support. {image}
Retail doesn't really move the market. Wait in about a half hour when the US Federal Reserve opens at 8:30 AM EST.
Taigen Profit This Month: na
  • #1,137,539
  • Oct 23, 2017 8:02am Oct 23, 2017 8:02am
Quoting Robst3r
For today big chance for going down a bit further... Watch out and stay green:-) good luck {image}
why was this a big chance?
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  • #1,137,540
  • Oct 23, 2017 8:38am Oct 23, 2017 8:38am
Nice shorts today.

I'am expecting a move back to 1.1760 1.1770 level

Pending short.
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