I'm bearish on the pair for the mid term. Possible target 1.20.
2
- #1,140,342
- Feb 2, 2018 11:52am Feb 2, 2018 11:52am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Dear Traders,
I dropped off this post this morning at 08:44 CET.
If the course is going back this day, please pay attention to the following POC
We will take a closer look at the result
Positive: Just under 100 pip is a good result
Self-criticism: The resistance and support lines have worked. Unfortunately, the price did not go to the last resistance. I had plotted the POC in the 15 M chart and assumed that the drawn POC is stronger than the POC with the white circle. The reason, I had not looked in the 5 minute chart, because then I would have noticed.
Such mistakes happen, that's human. On the plus side, I'm learning to get better.
Conclusion: A successful day is coming to an end and I wish you all a wonderful weekend
I dropped off this post this morning at 08:44 CET.
If the course is going back this day, please pay attention to the following POC
We will take a closer look at the result
Positive: Just under 100 pip is a good result
Self-criticism: The resistance and support lines have worked. Unfortunately, the price did not go to the last resistance. I had plotted the POC in the 15 M chart and assumed that the drawn POC is stronger than the POC with the white circle. The reason, I had not looked in the 5 minute chart, because then I would have noticed.
Such mistakes happen, that's human. On the plus side, I'm learning to get better.
Conclusion: A successful day is coming to an end and I wish you all a wonderful weekend
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #1,140,343
- Feb 2, 2018 12:16pm Feb 2, 2018 12:16pm
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,140,345
- Edited 1:29pm Feb 2, 2018 12:33pm | Edited 1:29pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #1,140,346
- Feb 2, 2018 1:29pm Feb 2, 2018 1:29pm
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,140,347
- Feb 2, 2018 2:47pm Feb 2, 2018 2:47pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Hello m brown,
the background why I drew 5 POC lines against 09:00 CET will not be clear until you look at the price history around 22:00 CET.
These are rough POC lines that have to be refined individually in a smaller timeframe. A POC line indicates where a balance has previously taken place. In 4 out of 5 POC lines, the price has returned to equilibrium. This means that the price can make a turnaround afterwards, or further confirm the trend.
When I wrote this morning that the price is going down, I have only drawn POC lines from 30 pip below the current price. If the course had gone up, I would not have been able to say that well, that's what I said. So the resetter was clearly announced how far that would go no one could predict.
Forex Factory is not about having the right but helping other traders and learning for themselves. What good is it for a trader if someone posts Short @ 2534 - SL 100 PIPS and the other Long @ 2534 - SL 100 PIPS.
What is the trader doing now? Does he enter the trade from the one who has the most followers? Many would like to know why someone makes a decision and why he has it.
But if it's just a question of posting: Long @ 2534 - SL 100 PIPS, then the exchange has paid off in any case. Because you made it clear to me that it's not what's taking me further. I thank you very much for that.
I think you are a successful trader and have a lot of experience in your trading style. I appreciate your opinion and look forward to hearing from you again in another chart.
I wish you a relaxing weekend and a lot of success
best regards
the background why I drew 5 POC lines against 09:00 CET will not be clear until you look at the price history around 22:00 CET.
These are rough POC lines that have to be refined individually in a smaller timeframe. A POC line indicates where a balance has previously taken place. In 4 out of 5 POC lines, the price has returned to equilibrium. This means that the price can make a turnaround afterwards, or further confirm the trend.
When I wrote this morning that the price is going down, I have only drawn POC lines from 30 pip below the current price. If the course had gone up, I would not have been able to say that well, that's what I said. So the resetter was clearly announced how far that would go no one could predict.
Forex Factory is not about having the right but helping other traders and learning for themselves. What good is it for a trader if someone posts Short @ 2534 - SL 100 PIPS and the other Long @ 2534 - SL 100 PIPS.
What is the trader doing now? Does he enter the trade from the one who has the most followers? Many would like to know why someone makes a decision and why he has it.
But if it's just a question of posting: Long @ 2534 - SL 100 PIPS, then the exchange has paid off in any case. Because you made it clear to me that it's not what's taking me further. I thank you very much for that.
I think you are a successful trader and have a lot of experience in your trading style. I appreciate your opinion and look forward to hearing from you again in another chart.
I wish you a relaxing weekend and a lot of success
best regards
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #1,140,348
- Edited Feb 3, 2018 2:16am Feb 2, 2018 3:20pm | Edited Feb 3, 2018 2:16am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,140,349
- Feb 2, 2018 9:14pm Feb 2, 2018 9:14pm
- | Joined Dec 2013 | Status: Day Trader | 176 Posts
GTS V8 Return This Month:
0.1%
- #1,140,352
- Feb 4, 2018 3:24pm Feb 4, 2018 3:24pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
If you are tracking the EURUSD this week, here's a top-down technical analysis you may like to consider.
On the daily time frame, price action has been ranging for several days. Last week Friday, bears managed to push price action southward but failed to breach below the base (magenta) of the consolidation formed several days earlier. As price action is at a resistance zone, we may see further sideways operation or pullback before any further northward momentum can be maintained. A likely target of such southward pullback is the immediate support around the 1.22880 area. Should bears become too strong for bulls, we may see the pullback retest a support trendline (navy) from the low of December 18, 2017. Such a move is likely to be corrective in nature. However, should the support trendline (navy) be breached southward on a daily close basis, it may open up a technical reassessment of the market on this pair.
On the H4 time frame, price action has been respecting an ascending trendline (magenta) for quite a while. However, recently, price action has been hitting the trendline too often; which suggests a possibility of a southward breach of the trendline. Should that breach materialize, we may see bears target the immediate support around the 1.22880 area.
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, price action has been ranging for several days. Last week Friday, bears managed to push price action southward but failed to breach below the base (magenta) of the consolidation formed several days earlier. As price action is at a resistance zone, we may see further sideways operation or pullback before any further northward momentum can be maintained. A likely target of such southward pullback is the immediate support around the 1.22880 area. Should bears become too strong for bulls, we may see the pullback retest a support trendline (navy) from the low of December 18, 2017. Such a move is likely to be corrective in nature. However, should the support trendline (navy) be breached southward on a daily close basis, it may open up a technical reassessment of the market on this pair.
On the H4 time frame, price action has been respecting an ascending trendline (magenta) for quite a while. However, recently, price action has been hitting the trendline too often; which suggests a possibility of a southward breach of the trendline. Should that breach materialize, we may see bears target the immediate support around the 1.22880 area.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #1,140,353
- Feb 4, 2018 5:32pm Feb 4, 2018 5:32pm
- Joined Aug 2016 | Status: Trader | 10,376 Posts
crew,
I am short since Fri. with SL at 1.24 60
If stoped I will be sleeping and stay flat [very flat actually...]
If not stoped I have no plans . I ll let it run .
See you Monday morning
I am short since Fri. with SL at 1.24 60
If stoped I will be sleeping and stay flat [very flat actually...]
If not stoped I have no plans . I ll let it run .
See you Monday morning
- #1,140,357
- Feb 5, 2018 2:47am Feb 5, 2018 2:47am
Dont hurry in three situations: marriage, sex, trade.
- #1,140,358
- Feb 5, 2018 4:00am Feb 5, 2018 4:00am
- Joined Sep 2015 | Status: Trader | 820 Posts
The US Dollar Index has consolidated after NFP recovery gains above the 89.000 level, amidst the ongoing pullback in global equities (in part triggered by higher bond yields and Fed tightening perceptions in wake of the US jobs report). EUR/USD is back down around 1.2450 vs last week’s 1.2500+ peaks.
Option expiries of note for today's
15:00 GMT
EUR/USD: 1.2350 (1.6bln), 1.2550 (1.2bln)
My Stochastic is showing a bearish divergence
not a good sign for bulls 
. Seems like the 10-day moving average is punting out a strong support as the price bounced several times from it however a close below it could trigger a deeper correction on the currency pair down to 1.2287.
I'm short from 1.2500 and looking
for that close below the 10-day moving average.
Option expiries of note for today's
15:00 GMTEUR/USD: 1.2350 (1.6bln), 1.2550 (1.2bln)
My Stochastic is showing a bearish divergence
not a good sign for bulls . Seems like the 10-day moving average is punting out a strong support as the price bounced several times from it however a close below it could trigger a deeper correction on the currency pair down to 1.2287.I'm short from 1.2500 and looking
for that close below the 10-day moving average.
- #1,140,359
- Edited 9:52am Feb 5, 2018 9:28am | Edited 9:52am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,140,360
- Edited 10:33am Feb 5, 2018 9:59am | Edited 10:33am
- | Joined Mar 2017 | Status: Trader | 1,637 Posts
I am who I am