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  • #17,241
  • Edited 8:52am Mar 22, 2018 8:41am | Edited 8:52am
Entry order for short at 1.2320. Tp 1.2250 (hopefully)
seems like Euro cancelled out yesterdays movement. Would like to see a retest in the zone 1.2240-1.2260.

*order triggered* let see if we can push it down to 1.2250 before the day ends
Trade what you see, take what the market gives you.
  • #17,242
  • Mar 22, 2018 8:55am Mar 22, 2018 8:55am
Looks like some really odd resistance at 1.2340 to me at least... just cannot get reliably above that.

I might leave the market because I'm at a loss for what to do. I'd have expected it to break it yesterday and keep going up over time, but here we are again... the action also LOOKS like the kind where it pushes up into that for a long time prior to a big breakout up. But making me really really nervous to be back here again.

STILL looks like 1.2294 is a really significant level. IE if it folds, we could see a quick fall, if above remain LONG bias. but again, it has been heck because it is re-challenging here where it has been before and would not expect this.
  • #17,243
  • Mar 22, 2018 9:06am Mar 22, 2018 9:06am
Hmm... some interesting news here:

Quote
1352 GMT - A rise in global risk aversion is weighing on EUR/USD as investors expect U.S. President Donald Trump to announce trade tariffs on China, but EUR/USD hasn't broken below the 1.23 level, falling to a low of 1.2304. There are options strikes of 1.2350 and 1.2400 in EUR/USD that are due to expire on Thursday and are worth close to $1 billion each, according to RBC, which could partially explain why the euro is holding above the 1.23 level. EUR/USD last dow0.24% at 1.2310. ([email protected]; @OlgaCotaga)

(END) Dow Jones...

Really interesting... wonder if this is why it is holding for now and the chart action looks so strange for the past few days. Haha. Although I don't think this could imply causation. BUT there has been a lot of manipulation of rates/currencies in the past, so I suppose who knows. haha.
  • #17,244
  • Mar 22, 2018 9:39am Mar 22, 2018 9:39am
Quoting skillz16
Hmm... some interesting news here: {quote} Really interesting... wonder if this is why it is holding for now and the chart action looks so strange for the past few days. Haha. Although I don't think this could imply causation. BUT there has been a lot of manipulation of rates/currencies in the past, so I suppose who knows. haha.
Sorry Skillz, it was not strange, do not neglect the time factor
  • #17,245
  • Mar 22, 2018 9:44am Mar 22, 2018 9:44am
Can anyone guess how EURUSD would react to sactions on China?
  • #17,246
  • Mar 22, 2018 10:03am Mar 22, 2018 10:03am
Quoting skillz16
Hmm... some interesting news here: {quote} Really interesting... wonder if this is why it is holding for now and the chart action looks so strange for the past few days. Haha. Although I don't think this could imply causation. BUT there has been a lot of manipulation of rates/currencies in the past, so I suppose who knows. haha.
Stupid question, but don't know much about options. How is 1.230 related to 1.235 and 1.240? Is it just they don't want that psychological level to break and the price to fall far off? Or is the round number actually important for those other options?
  • #17,247
  • Mar 22, 2018 10:18am Mar 22, 2018 10:18am
Quoting JDRaZor
Can anyone guess how EURUSD would react to sactions on China?
Who knows?
When you see it, BET big.
  • #17,248
  • Mar 22, 2018 10:20am Mar 22, 2018 10:20am
Quoting JDRaZor
Can anyone guess how EURUSD would react to sactions on China?
Your method shouldn't rely on prediction. You can't predict what is unpredictable. Find a way to make money that doesn't depend on you knowing what will happen next.
When you see it, BET big.
  • #17,249
  • Mar 22, 2018 10:56am Mar 22, 2018 10:56am
Quoting Rennaissance
{quote} Your method shouldn't rely on prediction. You can't predict what is unpredictable. Find a way to make money that doesn't depend on you knowing what will happen next.
I regret that I have but one "thumbs up" to give.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,250
  • Mar 22, 2018 11:16am Mar 22, 2018 11:16am
Flattened the LONGs a few minutes ago. Made 5% profit. A bit peeved because I was up 30% and overnight missed TP where I would have been up by a much higher percentage but...

Basically think it gets "heavy" below 1.22940 and it is definitely there now...
  • #17,251
  • Mar 22, 2018 11:18am Mar 22, 2018 11:18am
Quoting VuLe
Entry order for short at 1.2320. Tp 1.2250 (hopefully) seems like Euro cancelled out yesterdays movement. Would like to see a retest in the zone 1.2240-1.2260. *order triggered* let see if we can push it down to 1.2250 before the day ends
Its on the run, go go go
Trade what you see, take what the market gives you.
  • #17,252
  • Mar 22, 2018 11:20am Mar 22, 2018 11:20am
Quoting FXClarity
{quote} Scaled out 50% of last nights' entry at 1.2368; at 1.2330 to bank: +38 pips - holding the remaining 50% along with short entries above

  1. Closed out remaining 50% of entry at 1.2368...at 1.2288 = +80pips.


Holding short entries at 1.2441 and above 1.25

Added - chart below to highlight the add-in closure level off that rising lower channel..Still holding the main short position

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proH1.png Size: 77 KB
  • #17,253
  • Mar 22, 2018 11:21am Mar 22, 2018 11:21am
If it now goes the opposite way (up, holding above 1.22940) AND ends above 1.2340 by closing in EST, I'm going to be SUPER, SUPER SALTY... haha.

Then I suppose I fire up the old try to get more longs again... but I would have lost my lower positions since I closed.
  • #17,254
  • Mar 22, 2018 11:32am Mar 22, 2018 11:32am
Quoting FXClarity
{quote} Closed out remaining 50% of entry at 1.2368...at 1.2288 = +80pips. Holding short entries at 1.2441 and above 1.25 Added - chart below to highlight the add-in closure level off that rising lower channel..Still holding the main short position {image}
See how it reacted immediately to that level for scaling out..?

Levels, levels, levels...Its all you need
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proH1.png Size: 48 KB
  • #17,255
  • Mar 22, 2018 11:34am Mar 22, 2018 11:34am
Go for it EU...and I'll slap your sorry ass right back down again.

Have a nice day / evening..FXClarity over and out for now
  • #17,256
  • Mar 22, 2018 12:02pm Mar 22, 2018 12:02pm
Going long till 1.27 , have fun guys
  • #17,257
  • Mar 22, 2018 12:47pm Mar 22, 2018 12:47pm
All the way to 1.2230.

Keeping short from 1.2349

SL above Daily high
TP 1.2230
  • #17,258
  • Mar 22, 2018 1:12pm Mar 22, 2018 1:12pm
Quoting VuLe
Entry order for short at 1.2320. Tp 1.2250 (hopefully) seems like Euro cancelled out yesterdays movement. Would like to see a retest in the zone 1.2240-1.2260. *order triggered* let see if we can push it down to 1.2250 before the day ends
Im add shorts non stop at 1.2340/1.2390... looking to tp 1.2160. Maybe by next friday we will see that or the week after that. But overall, I believe bottom must be retested before making new higher level.
Trade what you see, take what the market gives you.
  • #17,259
  • Mar 22, 2018 3:17pm Mar 22, 2018 3:17pm
Marking 1.2307 as upmost important level for today's daily candle and for the last 2 hours until NY close..

If today's daily candle closes below: It will go deeper..
If above: Tomorrow we must watch if this level holds on intraday basis..

Stay Green
Focus only on what truly matters!
  • #17,260
  • Mar 22, 2018 5:07pm Mar 22, 2018 5:07pm
Quoting Ata-Turkoglu
Marking 1.2307 as upmost important level for today's daily candle and for the last 2 hours until NY close.. If today's daily candle closes below: It will go deeper.. If above: Tomorrow we must watch if this level holds on intraday basis.. Stay Green
Daily closed 2 pips below 1.2307 on my broker.. I could be wrong with mentioning a precise level.. That's why it is always important to look at levels as a zone.. but still, with common sense, what I meant and what was highly important is that we are now above this 1.2300/10 area inside the first minutes of new daily candle.. so, this zone should still be seen as a level to watch inside whole Friday.. for now I stay long as long as we are above this zone.. Actually this level would be best area to risk buy trades..

I call it a day.. Will try to continue my analysis after London open.. Good luck to all..

Stay Green
Focus only on what truly matters!
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