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  • #16,401
  • Mar 14, 2018 4:51am Mar 14, 2018 4:51am
Target fixation I guess, long closed, opened sell.
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What's that smell? ---- I smell money!
  • #16,402
  • Mar 14, 2018 4:53am Mar 14, 2018 4:53am
Quoting Ata-Turkoglu
Drop came earlier.. now no more selling.. looking for buy setup around the 1.2350/60 zone.. Stay Green
Ata, On what are your targets based If I may ask.

Grtz
What's that smell? ---- I smell money!
  • #16,403
  • Mar 14, 2018 4:55am Mar 14, 2018 4:55am
1.235
good buy area as stated yesterday 38.2% on fib will see how price reacts there for a buy looking for candle stick reversal pattern
  • #16,404
  • Mar 14, 2018 4:57am Mar 14, 2018 4:57am
Quoting SteFX85
{quote} Ata, On what are your targets based If I may ask. Grtz
Yesterday price broke through 1.2358 and recovered very quickly.. so roughly 1.2350/60 zone is a potential support area to me.. my targets are based on many many many different things.. this one was based on yesterday's reaction..

Stay Green
Focus only on what truly matters!
  • #16,405
  • Edited 5:14am Mar 14, 2018 4:58am | Edited 5:14am
Quoting ffmonry
{quote} focus money look whats his opinion now..
MoneyFocus (sorry for the mistake.. was just looking at his quote when typing) has definitely better skills of English (language) compared to you my friend..

Stay Green
Focus only on what truly matters!
  • #16,406
  • Mar 14, 2018 5:00am Mar 14, 2018 5:00am
Quoting Ata-Turkoglu
{quote} FocusMoney has definitely better skills of English (language) compared to you my friend.. Stay Green
My name is MoneyFocus...or in short...MoFo...mofo...

Some say I'm a poet..
  • #16,407
  • Mar 14, 2018 5:03am Mar 14, 2018 5:03am
Quoting Ata-Turkoglu
{quote} Yesterday price broke through 1.2358 and recovered very quickly.. so roughly 1.2350/60 zone is a potential support area to me.. my targets are based on many many many different things.. this one was based on yesterday's reaction.. Stay Green
So actually the areas from previous days where most spikes happened are a good starting point?
What's that smell? ---- I smell money!
  • #16,408
  • Mar 14, 2018 5:19am Mar 14, 2018 5:19am
Quoting SteFX85
{quote} So actually the areas from previous days where most spikes happened are a good starting point?
You might have heard many posts here talking about daily or weekly support and resistance areas.. that is all connected.. nothing new here.. we first look at yesterday's high and low or breakout levels.. If we notice that those don't hold we go further back in history sometimes 3 or 5 days sometimes a week sometimes a month.. depending on which area is more significant in the past and then make our "assumptions" based on those levels.. but what is most important here is: nothing is for 100% sure.. sometimes previous resistance or support act like a concrete wall but some other times same area turns into a marshmallow wall.. that's why we always tend to look for other signs that supports our view which is known as "confirmation"..

For now lowest at 1.2355 area I expect another bounce if not earlier..

Stay Green
Focus only on what truly matters!
  • #16,409
  • Mar 14, 2018 5:43am Mar 14, 2018 5:43am
Quoting Ata-Turkoglu
{quote} You might have heard many posts here talking about daily or weekly support and resistance areas.. that is all connected.. nothing new here.. we first look at yesterday's high and low or breakout levels.. If we notice that those don't hold we go further back in history sometimes 3 or 5 days sometimes a week sometimes a month.. depending on which area is more significant in the past and then make our "assumptions" based on those levels.. but what is most important here is: nothing is for 100% sure.. sometimes previous resistance or support...
Ok thank you, for me that is 40 - 50.

Grtz
What's that smell? ---- I smell money!
  • #16,410
  • Mar 14, 2018 5:44am Mar 14, 2018 5:44am
Quoting SteFX85
{quote} So actually the areas from previous days where most spikes happened are a good starting point?
Yes, somewhat.
To elaborate after Ata.

See yesterday two spikes morning and lunch. Average 1.2345. great level.

Today we bounce off yesterday trendline, now 2365 says here.
If not then 2355 nice level to buy or 2340 pivots. Also daily small trendline.

Also you may wait news at lunch....

My target is ...Don't laugh .... 2470 area. Soon.

Green pips.
Beware of robber banks (RB), bad advisors.
  • #16,411
  • Mar 14, 2018 5:45am Mar 14, 2018 5:45am
Quoting SteFX85
{quote} Ok thank you, for me that is 40 - 50. Grtz
And what happens generally is that robber banks make a fake upmove first.. maybe 1.2375 area.. then back down to the levels we are talking about.. just watch.. coming soon.. lol

Stay Green
Focus only on what truly matters!
  • #16,412
  • Mar 14, 2018 5:52am Mar 14, 2018 5:52am
Quoting Ata-Turkoglu
{quote} And what happens generally is that robber banks make a fake upmove first.. maybe 1.2375 area.. then back down to the levels we are talking about.. just watch.. coming soon.. lol Stay Green
Years ago when we realised Robber Banks work actively around us....getting our pips...... we were laughed at and booed

Of course, robber banks RB don't exist


Picture from end 2016.....then there were some funny stuff....if interested ask???
Attached Image (click to enlarge)
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Beware of robber banks (RB), bad advisors.
  • #16,413
  • Mar 14, 2018 5:56am Mar 14, 2018 5:56am
Quoting Ata-Turkoglu
{quote} And what happens generally is that robber banks make a fake upmove first.. maybe 1.2375 area.. then back down to the levels we are talking about.. just watch.. coming soon.. lol Stay Green
Yes, idd, just the target you mentioned is just in between where I would pick targets... but you're right it can happen anywhere and we should look for confirmation.

Eager to learn that's all.

Update

Maybe I just have to stop treating this as exact sience...
Attached Image (click to enlarge)
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What's that smell? ---- I smell money!
  • #16,414
  • Mar 14, 2018 6:16am Mar 14, 2018 6:16am
Look at EUR now it’s in that area of INTEREST note here we don’t just assume a buy this level is just to indicate that price needs to be watched here.
So what do I look for?

1. A bounce- price touches level and sharply rejects shows strong buyers at this level

2.Consolodation and weakness, consolidation is uncertainty in price, price usually follows pattern of impulse move, consolodation, pull back and impulse move again so I look for consolodation a weak pullback usually means that support/resistance level is about to fail.

3.Price blows through the level, I won’t get in I’ll just simply wait for price to come back down to test that level and observe what it does. This then bring me back to either entry 1-2 as stated above.
short sweet and simple no need to over complicate with a chart full of lagging indicators pure price action is the best indicator
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  • #16,415
  • Mar 14, 2018 6:19am Mar 14, 2018 6:19am
Quoting Ata-Turkoglu
New Pending Order Sell Limit: 1.2383 SL: 1.2401 TP: At least 15 pips Stay Green
trade activated?
  • #16,416
  • Edited 6:32am Mar 14, 2018 6:19am | Edited 6:32am
Quoting Not-KPMG
{quote} Years ago when we realised Robber Banks work actively around us....getting our pips...... we were laughed at and booed Of course, robber banks RB don't exist Picture from end 2016.....then there were some funny stuff....if interested ask??? {image}
The only robbers in the FX industry for the retail traders are the brokers
Brokers wait calmly cashing the commisions, while 90% of the retailers' accounts are 'melting down' within 1-2 years

Good luck, all! Peace!
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  • #16,417
  • Mar 14, 2018 6:21am Mar 14, 2018 6:21am
Quoting ffmonry
{quote} trade activated?
Yes.. I am in short at 1.2375.. SL: 1.2385

Stay Green
Focus only on what truly matters!
  • #16,418
  • Mar 14, 2018 6:22am Mar 14, 2018 6:22am
Someone ignored me because I said I'm a poet..lol.

FWIW...I believe DXY (89.73) will rally..how will Eur/Usd be affected? I don't know...
  • #16,419
  • Mar 14, 2018 6:27am Mar 14, 2018 6:27am
Quoting MoneyFocus
Someone ignored me because I said I'm a poet..lol. FWIW...I believe DXY (89.73) will rally..how will Eur/Usd be affected? I don't know...
Hey, being a poet it's a serious offence in a jungle-material-finance field
(sorry, of course I'm kiddin' ...my appreciation for all the sensitive guys here ...BTW, Ata included! )
Member
  • #16,420
  • Mar 14, 2018 6:30am Mar 14, 2018 6:30am
Quoting TudorIoan
{quote} Hey, being a poet it's a serious offence in a jungle-material-finance field (sorry, of course I'm kiddin' ...my appreciation for all the sensitive guys here ...BTW, Ata included! )
Roses are red
Violets are blue.
The forex market
Doesn't give a fuck about you!



Just kidding. Great to see you around TudorIoan. Any takes on Eur/Usd for now? For me... I think Eur/Usd is in no man's land at the moment (obviously)....though my bias is that DXY will rally (see above post), so...
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