Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 78 | Forex Factory

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Attachments: Dragon or Snake - GU, UJ, GJ, EU, EJ
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Dragon or Snake - GU, UJ, GJ, EU, EJ

  • #1,541
  • Mar 20, 2018 8:56am Mar 20, 2018 8:56am
Quoting maflip
{quote} Yes i'm just joking
He digged his own grave....lol
Never Ever Give Up
  • #1,542
  • Mar 20, 2018 8:58am Mar 20, 2018 8:58am
Quoting sumar
{quote} He digged his own grave....lol
You should have shorted EU bro it hit S1 and more lol. Most likely due to anticipation of FED rate tomorrow.
  • #1,543
  • Mar 20, 2018 9:40am Mar 20, 2018 9:40am
Quoting maflip
{quote} You should have shorted EU bro it hit S1 and more lol. Most likely due to anticipation of FED rate tomorrow.
I should actually look at EU set-ups too. My broker's spread on GJ is redicilous. Average 4 pips. On GU it is between 0.3 to 0.8. EU is a little bit higher
Never Ever Give Up
  • #1,544
  • Mar 20, 2018 10:00am Mar 20, 2018 10:00am
Quoting sumar
{quote} I should actually look at EU set-ups too. My broker's spread on GJ is redicilous. Average 4 pips. On GU it is between 0.3 to 0.8. EU is a little bit higher
GU Yellow lines are holding. If it wasn't for the FED coming out tomorrow. I'd be looking for long
  • #1,545
  • Mar 21, 2018 2:15pm Mar 21, 2018 2:15pm
Now that the Fed is out. It's almost decision time for EU. Either before the end of this week or early next week. And I'm ready to dance to the tune wherever this pair wants to go.

For GU, well we all got eyes right we already now where this is headed? If still unsure you need some glasses
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  • #1,546
  • Mar 22, 2018 1:41am Mar 22, 2018 1:41am
Quoting maflip
Now that the Fed is out. It's almost decision time for EU. Either before the end of this week or early next week. And I'm ready to dance to the tune wherever this pair wants to go. For GU, well we all got eyes right we already now where this is headed? If still unsure you need some glasses {image}
I just got this gutsy feeling EU is gonna break out to the upside. But letting the market decide. So far it's testing the trend line now. Fed is raising rates but no one still wants the dollar lol. Is this the beginning of the end of the dollar hegemony?

Kinda make sense why no one wants the dollar due to tariff. If foreign nations got no surplus then who can buy US Treasury bonds? Only the fed will be the buyer and it means print print print more money. Well I'm not good at this it's just a thought that came into my mind. Trumps idea better work out or else things might get screwed up.
  • #1,547
  • Mar 23, 2018 12:06am Mar 23, 2018 12:06am
Successful trading is 10% about trading system, 30% about money/risk management and 60& trading psychology - Adam Khoo
Never Ever Give Up
  • #1,548
  • Mar 23, 2018 12:24am Mar 23, 2018 12:24am
Quoting sumar
Successful trading is 10% about trading system, 30% about money/risk management and 60& trading psychology - Adam Khoo
Oh wow where did this came from all of the sudden? Philosophical all of the sudden? How are things going with you? Yesterday I thought EU is finally going to break out of the triangle doesn't seem like it. It's still in it right now. I think it will be decided if not today, then Monday.
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  • #1,549
  • Mar 23, 2018 1:05am Mar 23, 2018 1:05am
Quoting maflip
{quote} Oh wow where did this came from all of the sudden? Philosophical all of the sudden? How are things going with you? Yesterday I thought EU is finally going to break out of the triangle doesn't seem like it. It's still in it right now. I think it will be decided if not today, then Monday. {image}
Lol. Except for that spike up due to the GBP data and the subsequent 3 hours of 58 pip down move to 1.4075, GU has been ranging ever since. I'm hoping for a nice trend today. EU should break out soon yes. getting claustophrobic in that triangle....lol
Never Ever Give Up
  • #1,550
  • Mar 23, 2018 1:22am Mar 23, 2018 1:22am
Quoting sumar
{quote} Lol. Except for that spike up due to the GBP data and the subsequent 3 hours of 58 pip down move to 1.4075, GU has been ranging ever since. I'm hoping for a nice trend today. EU should break out soon yes. getting claustophrobic in that triangle....lol
My gutsy feeling for EU breaking up so far still not wrong yet. Look at gold currently it's moving ahead with the push up. GU and EU might follow it. Unless it gets reversed after London open.
  • #1,551
  • Mar 23, 2018 1:39am Mar 23, 2018 1:39am
Quoting maflip
{quote} My gutsy feeling for EU breaking up so far still not wrong yet. Look at gold currently it's moving ahead with the push up. GU and EU might follow it. Unless it gets reversed after London open.
Looking at those wicks on EU H4 it is highly likely that it will break out to the upside. It's also respecting the 10 and 20 EMA's
Never Ever Give Up
  • #1,552
  • Mar 23, 2018 3:22am Mar 23, 2018 3:22am
Expected Volatility at London open is over-rated.......well....sometimes like today....lol
Never Ever Give Up
  • #1,553
  • Mar 23, 2018 5:37am Mar 23, 2018 5:37am
Quoting sumar
Expected Volatility at London open is over-rated.......well....sometimes like today....lol
Friday blues... I got a buy stop on EU though waiting to get hit. Been waiting for hoooouuuuurrrrssssss.
  • #1,554
  • Mar 23, 2018 6:13am Mar 23, 2018 6:13am
Quoting maflip
{quote} Friday blues... I got a buy stop on EU though waiting to get hit. Been waiting for hoooouuuuurrrrssssss.
It's getting there..... just give it another 8 hours or so......lol
Never Ever Give Up
  • #1,555
  • Mar 23, 2018 6:26am Mar 23, 2018 6:26am
What's up with GU today? Sluggish. Only moved 42 pips range so far
Never Ever Give Up
  • #1,556
  • Mar 23, 2018 7:20am Mar 23, 2018 7:20am
Quoting sumar
{quote} It's getting there..... just give it another 8 hours or so......lol
EU finally moving. If it just retest resistance i'd be happy. If it breaks out of it EXTREMELY happy.
  • #1,557
  • Mar 23, 2018 10:04am Mar 23, 2018 10:04am
Quoting maflip
{quote} EU finally moving. If it just retest resistance i'd be happy. If it breaks out of it EXTREMELY happy.
Tested that trend line and rejected again. So I guess nothing will happen gotta wait next week....
  • #1,558
  • Mar 23, 2018 12:43pm Mar 23, 2018 12:43pm
Quoting maflip
{quote} Tested that trend line and rejected again. So I guess nothing will happen gotta wait next week....
It's retesting it. So hopefully it will breakthrough now
Never Ever Give Up
  • #1,559
  • Mar 25, 2018 3:31pm Mar 25, 2018 3:31pm
If you are tracking EURJPY for trading opportunity this week, you may want to consider my technical perspective.

On the daily time frame, price action is operating in a descending channel. The market was in consolidation for much of Monday through Wednesday last week. On Thursday, a big bearish candlestick took price action far below the consolidation area but on Friday bulls resisted furthermore and constrained the bears. A doji-like candlestick was printed as a result. As price action is still within a minor S/R zone, we may see further sideways move or a northward pullback before a bearish continuation.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,560
  • Mar 25, 2018 4:27pm Mar 25, 2018 4:27pm
GBPJPY
check weekly you’ll see bearish engulfing, followed by correction. That correction then bounced from 50 on weekly fib, drop down to Daily you’ll see price is now in between 50/61.8 zone that I’ve drawn in blue and forming spinning top-price indecision, drop down to 4 hour you’ll see evening star forming. A break of my trendline and I’m in riding down to 145.040 A’s first target then 27.2 fib @ 143.439
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