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  • #9,261
  • Jan 15, 2018 4:49am Jan 15, 2018 4:49am
Quoting altzspec
Need to have plenty of courage to hold shorts like that... If you give up too easily, you lose. Need to hold shorts for days maybe. Haa, now the price comes down.

hehe yeah, its a pretty relevant article for the moment. I just wanted to get some thoughts from you guys.
  • #9,262
  • Jan 15, 2018 4:52am Jan 15, 2018 4:52am
The EUR/USD retreated from the daily high to currently trade at 1.2265. But having increased US dollar’s selling and closed US markets, the euro bulls will continue to march higher.
  • #9,263
  • Jan 15, 2018 5:02am Jan 15, 2018 5:02am
Quoting Ata-Turkoglu
Marking 1.2273 as nearest resistance.. next resistance at 1.2281 will strenghten it.. Stay Green
amazing call
  • #9,264
  • Jan 15, 2018 5:15am Jan 15, 2018 5:15am
Looks like it is going to take new highs? Is this China dumping and ending the US? Haha.

^
Actually, can't be right? Wouldn't that cause rates to rise and dollar to go up? Haha, need to stop thinking about it.
  • #9,265
  • Jan 15, 2018 5:17am Jan 15, 2018 5:17am
It is whether we trust the trend to be bullish or not, considering there are still many short sellers right now.
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  • #9,266
  • Jan 15, 2018 5:20am Jan 15, 2018 5:20am
Quoting altzspec
It is whether we trust the trend to be bullish or not, considering there are still many short sellers right now. {image}
Retail is almost always wrong. People have been net short on FF for a LONG time! Years probably right?

Sode note: It would be interesting to see social post data tested to see when people mention a position in this thread and don't have strong conviction. Or when people mention something against the trend... To test and see if those are good times to go with the trend. Haha
  • #9,267
  • Jan 15, 2018 5:25am Jan 15, 2018 5:25am
Quoting altzspec
It is whether we trust the trend to be bullish or not, considering there are still many short sellers right now. {image}
I think we should not take the information and follow it blindly, afaik there is no central for forex, thus there's no way we can know exactly how many traders are in what position, imho cmiiw.
  • #9,268
  • Jan 15, 2018 5:26am Jan 15, 2018 5:26am
Quoting Neil0163
Euro still to go higher in my eyes. After my mess up this morning trying to pick tops and reversals look how that ended up pffft but i made good pips so im happy anyway Take a look at the chart below strength to the bulls as per projection and depth analysis! Lesson learnt for today.......dont try to pick tops!!! Lucky i didnt get burnt. I said this would go higher to just really p@@@@d i didnt trust my judgment and tried to counter trend trade. Any how weak pull back displaying here, looking for a long entry near the end of this pull back. Ill...
i had a target around the 1.2300 area , but in about a week time

honestly i didn't expect it to shoot up so fast so quickly in just a few hours either

but that's how markets behave , either too little or too much : another reason never to fight any trend
  • #9,269
  • Jan 15, 2018 5:38am Jan 15, 2018 5:38am
We have a lower high, lower low incoming.
  • #9,270
  • Jan 15, 2018 5:49am Jan 15, 2018 5:49am
Quoting Starcraftmaz
We have a lower high, lower low incoming.
on M30 the only thing that i see is a Higher Low.
up move is not over to say that we have a Lower High. only after we close with bearish candle.
on what timeframe do you see that?
i would like to check it as well
MAKE IT RAIN
  • #9,271
  • Jan 15, 2018 5:50am Jan 15, 2018 5:50am
Quoting MXT
{quote} i had a target around the 1.2300 area , but in about a week time honestly i didn't expect it to shoot up so fast so quickly in just a few hours either but that's how markets behave , either too little or too much : another reason never to fight any trend
The irony everytime i post i say dont fight the trend and what do i do lol i fight it ended up green but it could have been much better
  • #9,272
  • Jan 15, 2018 5:52am Jan 15, 2018 5:52am
Nearest support 1.2248... that area will be attacked first by bears.. nearest resistance 1.2281/73 block.. still holding..

Stay Green
Focus only on what truly matters!
  • #9,273
  • Jan 15, 2018 6:00am Jan 15, 2018 6:00am
Quoting mihai1986
{quote} on M30 the only thing that i see is a Higher Low. up move is not over to say that we have a Lower High. only after we close with bearish candle. on what timeframe do you see that? i would like to check it as well
1.2285 was, but the dip got bought immediately, so that's no longer the case.
  • #9,274
  • Jan 15, 2018 6:06am Jan 15, 2018 6:06am
Potential trend change here look how exhausted this bullish swing is compared to the last.
A more bearish pull back will confirm this once this bullish swing is over
Volume starting to ease off also.
  • #9,275
  • Jan 15, 2018 6:08am Jan 15, 2018 6:08am
I am waiting for bear ejaculation..

Stay Green
Focus only on what truly matters!
  • #9,276
  • Jan 15, 2018 6:23am Jan 15, 2018 6:23am
Quoting Ata-Turkoglu
I am waiting for bear ejaculation.. Stay Green
Is that anything like bull capitulation lol,,,Short from 2286 Ill give it a whirl,, will try to get a poke thru 2256 area
  • #9,277
  • Jan 15, 2018 6:37am Jan 15, 2018 6:37am
Beware of HS (on smaller timeframe)! If it makes an HS we should "expect" a move up to around 2280 then back down again...
  • #9,278
  • Jan 15, 2018 7:03am Jan 15, 2018 7:03am
Gets thru that last low at 2250ish,, channel bottom and last weeks high may be in view .
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  • #9,279
  • Jan 15, 2018 7:43am Jan 15, 2018 7:43am
Quoting sunilpawar
{quote} I think that was fair Shorting here for 100 pip correction
Exit rate to rate
I am afraid of this strong trend as it may blow up 1.2350 as well
Cant think of buy as well
The Phoenix Trader....
  • #9,280
  • Jan 15, 2018 7:45am Jan 15, 2018 7:45am
Quoting sunilpawar
{quote} Exit rate to rate I am afraid of this strong trend as it may blow up 1.2350 as well Cant think of buy as well
Attached Image (click to enlarge)
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The Phoenix Trader....
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