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EURUSD only

  • #14,541
  • Feb 25, 2018 9:55am Feb 25, 2018 9:55am
Quoting Dingoman-two
{quote} So what do you think it all means in the short term my friend ???
This.
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  • #14,542
  • Feb 25, 2018 12:35pm Feb 25, 2018 12:35pm
Im sideways untill i don't see some bullishnes around 1.220800
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  • #14,543
  • Feb 25, 2018 12:48pm Feb 25, 2018 12:48pm
The Eur/Usd moving back from big resistance.

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Wash & rinse of level and we can see that high is holding. Likely pullback for this could be down to disrespected weekly COP and OP at 1.2155 / 1.2125 previous resistance now wıll act as support.

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Take note of that weekly sell is approaching and if we get through that we can move down to one of these confluence lower supports.

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Looking at our daily; 1.2160-1.2170 confluence is the beginning of support together wıth weekly disrespected expansıons..Any bounce in lower timeframes (before reaching the support zone) will be a selling opportunity for a move into that support area.

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  • #14,544
  • Feb 25, 2018 2:19pm Feb 25, 2018 2:19pm
bloomberg showing 1.2289
  • #14,545
  • Feb 25, 2018 4:49pm Feb 25, 2018 4:49pm
Quoting mbrown
Uploading a parting gift to this post: EURUSD Gift - EA and performance etc uploaded later this afternoon piecemeal style: -------------------------------------------------------------- -------------------------------------------------------------------- Pseudo Code of FF 101 Trade between GMT 00:05 to 20:00 EXIT ON Friday at 21:45 GMT EURUSD, H4, 06.05.2003 - 23.02.2017 Spread: 2, Slippage: 1.0, Min distance of stop from price: 0.0 -------------------------------------------------------------------- ====================================================================...
What does this part mean?:

Stop Loss = (StopLossCoef * ATR(StopLossATR)) pips;
Profit Target = (ProfitTargetCoef * ATR(ProfitTargetATR)) pips;

Is that supposed to call back most recent point of ATR(95 period) for Stop Loss and most recent point of ATR(53 period) for profit target? If you do not mind me asking.
  • #14,546
  • Feb 25, 2018 6:12pm Feb 25, 2018 6:12pm
so much confluence guys at 1.2250

Daily trendline meets price
38.2 fib on weekly
78.6 fib on the daily
Price is long term uptrend
Sellers starting to slow

Fundamentals will already have been factored in to price from bigger money.

Everything is pointing long- ive got my zone marked now waiting for confirmation bulls will rally this week.
  • #14,547
  • Feb 25, 2018 6:20pm Feb 25, 2018 6:20pm
Quoting Neil0163
so much confluence guys at 1.2250 Daily trendline meets price 38.2 fib on weekly 78.6 fib on the daily Price is long term uptrend Sellers starting to slow Fundamentals will already have been factored in to price from bigger money. Everything is pointing long- ive got my zone marked now waiting for confirmation bulls will rally this week.

US30 5 MIN Chart has just triggered a sell as well Niel0153
  • #14,548
  • Feb 25, 2018 6:26pm Feb 25, 2018 6:26pm
Quoting Dingoman-two
{quote} US30 5 MIN Chart has just triggered a sell as well Niel0153
I'm with ya mate ready for take off

See you all at London, Asia wont move due to the speech tomorrow!
  • #14,549
  • Feb 25, 2018 6:54pm Feb 25, 2018 6:54pm
Quoting Neil0163
{quote} I'm with ya mate ready for take off See you all at London, Asia wont move due to the speech tomorrow!

See you all at London, Asia wont move due to the speech tomorrow

just accumulation swings methinks
  • #14,550
  • Feb 25, 2018 7:24pm Feb 25, 2018 7:24pm
I’m in @ 1.2288 SL @ 1.22588 Take profit1(30% of position)=1.2354 TP2(40% of position)=1.23730 TP3(30% of position)=1.2390. My bias heading into next Wednesday ECB meeting and Italian elections is long unless we get a clear and decisive break under 1.2235, going into those key events I feel market will cover all the way to 1.25 fearing Italian elections might come out positive and ECB might tilt hawkish.
  • #14,551
  • Feb 25, 2018 7:39pm Feb 25, 2018 7:39pm
IMHO, EU has some upside pressure....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #14,552
  • Feb 25, 2018 7:48pm Feb 25, 2018 7:48pm
Quoting Dingoman-two
{quote} See you all at London, Asia wont move due to the speech tomorrow just accumulation swings methinks
Regarding Powell’s speech with rapid yield rises I feel he will at least be neutral I don’t think he’ll talk up USD, EUR strength due to economic expansion and covering ahead of election and ECB monetary meeting can persist, ECB factors normal EUR at 1.30-1.45 they will tolerate it all the way to 1.45-1.50, Germany is also a nation of savers they want their bank deposits yielding above the 0.05% its at now, the EUR will rise and fall but my general bias at this stage of the “ market cycle” should s up
  • #14,553
  • Feb 25, 2018 7:48pm Feb 25, 2018 7:48pm
Quoting heispark
IMHO, EU has some upside pressure.... {image}
Maybe only until 1.235/6
Don't Worry Be Happy
  • #14,554
  • Feb 25, 2018 7:52pm Feb 25, 2018 7:52pm
Quoting MrPresident
{quote} Maybe only until 1.235/6

What's your reason for calling 1.235/6 my friend.

Cheers Brian Dingoman-two
  • #14,555
  • Feb 25, 2018 8:11pm Feb 25, 2018 8:11pm
that was pretty hairy, I shorted the pb, fading the initial up move of the wedge down to the low, killed it and reversed to long but I got caught up in that little pullback to 2288 where I killed it rather than allow it to go to full stop - big mistake! My correct stop never would have hit.

So then it popped right back up, I had to re-enter long, got confused and killed for spread plus a bit more, then re-entered long and recouped most of my loss.

I was down dinner for 2, now I'm only down lunch for one. But I think I wasn't supposed to be trading Asian session, I definitely shouldn't be trading after having wine with dinner.

This is a range from last week, but it is trending on the day so I think it may be ok. Looks like I just missed an entry under 2300 long here that is following thru, but the pullback turned up a little too fast. Plan next is for a long if it holds around 2296 again on next pullback which may never actually happen, more FT up here.
big money makes big moves and then hides during small money chasing.
  • #14,556
  • Feb 25, 2018 8:13pm Feb 25, 2018 8:13pm
Quoting Dingoman-two
{quote} See you all at London, Asia wont move due to the speech tomorrow just accumulation swings methinks
Powell’s statement this week according to Bloomberg states he doesn’t believe inflation will go parabolic “if the job market was tight wage growth would be a lot more pronounced,the skilled workforce firms are looking for are just not there” he doesn’t see wage growth inflation causing any disruptions but they will be monitoring labor force. Unless he says something off script during his testimony I don’t see USD doing much

So like I said earlier market is expecting negative news out of Italian elections but by next Monday I believe EUR /USD will correct up to 1.25 in fear of positive Italian election and hawkish tilt to ECB I’m biased long after next Wednesday if I see elections were a disaster I will short EUR with price target to 1.195 and 1.1825 if elections are positive And ECB meeting tilts hawkish or even neutral I’ll be long targeting 1.2800
  • #14,557
  • Feb 25, 2018 8:22pm Feb 25, 2018 8:22pm
Quoting corrman
that was pretty hairy, I shorted the pb, fading the initial up move of the wedge down to the low, killed it and reversed to long but I got caught up in that little pullback to 2288 where I killed it rather than allow it to go to full stop - big mistake! My correct stop never would have hit. So then it popped right back up, I had to re-enter long, got confused and killed for spread plus a bit more, then re-entered long and recouped most of my loss. I was down dinner for 2, now I'm only down lunch for one. But I think I wasn't supposed to be trading...

Hi corrman it sounds like you are not able to find your supports / resistances take a look at Ata, the thread starter,

He has a very good way of finding the daily support / resistance areas.

Cheers Brian Dingoman-two
  • #14,558
  • Feb 25, 2018 8:34pm Feb 25, 2018 8:34pm
eur/usd take-off now
  • #14,559
  • Feb 25, 2018 8:35pm Feb 25, 2018 8:35pm
anything that helps, I'll look at. I saw a wedge and a pause in strong up so I entered at 2307 area now ahead and target 1 filled, so I'm reading short term price action better than I ever did. Looking for target 2 soon here. at 2320.
big money makes big moves and then hides during small money chasing.
  • #14,560
  • Feb 25, 2018 8:38pm Feb 25, 2018 8:38pm
Quoting corrman
anything that helps, I'll look at. I saw a wedge and a pause in strong up so I entered at 2307 area now ahead and target 1 filled, so I'm reading short term price action better than I ever did. Looking for target 2 soon here. at 2320.

Just practice with no more then 0.01 of a pip until you get the fell for it.
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