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  • #7,341
  • Dec 21, 2017 5:03pm Dec 21, 2017 5:03pm
Quoting Starcraftmaz
{quote} Is it really a good idea to go long here though? Why not at 1.8 or even lower? Who's to say it won't go down more after what's happened in the last 2 days.
Hard to say. I'm going with the fact that the bulls crashed through the (now invalidated) daily downtrend like it was crepe paper and the bears couldn't get twenty pips toward a retest. I'm actually shocked we made it this far down... I could be wrong though, happens all the time.
  • #7,342
  • Dec 21, 2017 5:19pm Dec 21, 2017 5:19pm
Looking at that spike, it smacked through that 1.182-1.184 area like nothing, meaning demand there is not that strong, so I feel like it should test something lower like 1.8

On the other hand it could be some big boys taking profits for the year, after the US session ended?
  • #7,343
  • Dec 21, 2017 5:38pm Dec 21, 2017 5:38pm
Quoting Starcraftmaz
Looking at that spike, it smacked through that 1.182-1.184 area like nothing, meaning demand there is not that strong, so I feel like it should test something lower like 1.8 On the other hand it could be some big boys taking profits for the year, after the US session ended?
I see it a little differently. It stopped dead in it's tracks at 1820, then took a lively bounce to current levels. Must be some kind of demand there at 1820. Not to say it's not going to go lower, just that it has some support to overcome. I don't think we'll see it lower than 1830 again. But i'm a little biased at this point because i'm long
  • #7,344
  • Dec 21, 2017 6:12pm Dec 21, 2017 6:12pm
Dont' forget that at year end some some of the institutional investors are cashing out at the very end. That might trigger this pair to get south as well. im on the short side, targeting 1.18 for now.
Whatever is happening right now has happened before and will happen again.
  • #7,345
  • Edited 7:27pm Dec 21, 2017 7:10pm | Edited 7:27pm
Quoting Pipfu
... But i'm a little biased at this point because i'm long
sorry to hear that...there are technical difficulties but down move is not over yet.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #7,346
  • Dec 21, 2017 7:30pm Dec 21, 2017 7:30pm
Quoting Trader-Waldo
{quote} sorry to hear that...there are technical difficulties but down move is not over yet. i'm a little biased at this point because i'm still short
In two hours it hasn't moved more than two pips in the original direction. Even the consolidation is failing lol. The retest won't break 1830.
  • #7,347
  • Dec 21, 2017 7:44pm Dec 21, 2017 7:44pm
going long at 1.1810 is the best of the best entry
  • #7,348
  • Dec 21, 2017 8:25pm Dec 21, 2017 8:25pm
Quoting Fastra
going long at 1.1810 is the best of the best entry
if you can get that price... yeah?
  • #7,349
  • Dec 21, 2017 8:26pm Dec 21, 2017 8:26pm
short 1.18485
  • #7,350
  • Dec 21, 2017 9:08pm Dec 21, 2017 9:08pm
Can anyone tell me why the USD tanked after a hike? Isn't the opposite supposed to happen? Sure they have not been hitting their 2% target but the GDP growth is solid and feel trying to use inflation in isolation as a gauge of economic health. Why the huge sell off? I'm really confused
  • #7,351
  • Dec 21, 2017 9:14pm Dec 21, 2017 9:14pm
Quoting Profitonly
Can anyone tell me why the USD tanked after a hike? Isn't the opposite supposed to happen? Sure they have not been hitting their 2% target but the GDP growth is solid and feel trying to use inflation in isolation as a gauge of economic health. Why the huge sell off? I'm really confused
Don’t get confused. This is how Market makers make the money out of our hands.
Whatever is happening right now has happened before and will happen again.
  • #7,352
  • Dec 21, 2017 9:28pm Dec 21, 2017 9:28pm
my target on long eu met and much more . we are in consolidation but any dip needs to bought based on HI chart and h 4 chart shows 1.96. oil is going up and eu can move up
  • #7,353
  • Dec 21, 2017 9:58pm Dec 21, 2017 9:58pm
I didn't really think it will do anything until Europe open, but I'm holding one of my shorts still, also targeting 1.8, but I will close sooner depending on price action.
  • #7,354
  • Dec 21, 2017 10:12pm Dec 21, 2017 10:12pm
Quoting Starcraftmaz
I didn't really think it will do anything until Europe open, but I'm holding one of my shorts still, also targeting 1.8, but I will close sooner depending on price action.
same here, I have a short position on it and looking for the same target in next 2 to 3 days.
  • #7,355
  • Dec 21, 2017 10:44pm Dec 21, 2017 10:44pm
good thinking Pipfu, you have already some pips in you pocket! thank you for your perspective. if nothing change I will look for some opportunity to short soon, but you can be right that the support is very strong at 1.1830 so it will be my TP.
  • #7,356
  • Dec 21, 2017 10:49pm Dec 21, 2017 10:49pm
Buy limit set at 1.8295. I dont think we will make the bottom of the spike. stop under the spike a few pips.
  • #7,357
  • Dec 21, 2017 10:55pm Dec 21, 2017 10:55pm
Quoting 4xjunkie
Buy limit set at 1.8295. I dont think we will make the bottom of the spike. stop under the spike a few pips.
i doubt it will touch that price again.
  • #7,358
  • Dec 21, 2017 11:03pm Dec 21, 2017 11:03pm
long from 1.1857
  • #7,359
  • Dec 21, 2017 11:05pm Dec 21, 2017 11:05pm
Quoting FateAnother
{quote} i doubt it will touch that price again.
Typically eu will punch through a fib then fail to do it the second time then its off the other direction.
  • #7,360
  • Dec 21, 2017 11:07pm Dec 21, 2017 11:07pm
Quoting 4xjunkie
{quote} Typically eu will punch through a fib then fail to do it the second time then its off the other direction.
not all the times but sometimes you are right. Well, hope you good luck for the better entry!
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