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  • #18,321
  • Apr 6, 2018 7:55am Apr 6, 2018 7:55am
I consider the first move the market makes as the longer term move, but price moves up to stop out sell orders, goes down to stop out buy orders and then takes direction.

Took a long at 2226

We'll see much higher next week probably.

R1 today?
Attached Image (click to enlarge)
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What's that smell? ---- I smell money!
  • #18,322
  • Apr 6, 2018 8:03am Apr 6, 2018 8:03am
1.2230 area still can provide buy opportunities.. don't miss those..

Stay Green
Focus only on what truly matters!
  • #18,323
  • Apr 6, 2018 8:12am Apr 6, 2018 8:12am
Quoting Ata-Turkoglu
Looking for buy setup now.. don't rush.. no panic.. soon we are going back up to 1.2276 levels.. Stay Green
seriously, its your day today
  • #18,324
  • Apr 6, 2018 8:14am Apr 6, 2018 8:14am
Quoting Ata-Turkoglu
1.2230 area still can provide buy opportunities.. don't miss those.. Stay Green
I did get a nice buy at 1.222 tp 1 --> 1.2280
  • #18,325
  • Apr 6, 2018 8:25am Apr 6, 2018 8:25am
Sentiment remains good on the usd only if you read about it but it needs time to change..
When everything is going great it seems people ignore bad news, to me there are clear signs things are slowing in the US.

 

  1. When you look at the forecast on the NFP, it's much lower than the previous, first indication that it's going to be bad news, the buy on the rumor, sell on the news thing
  2. The unemployment rate is at an all time LOW, so odds for it to go lower are lower than for it to go higher
  3. Trump triggering a trade war with china
  4. Stock market not doing so good the last couple of weeks... foreign people selling stocks and trading it in for their own currency... But taken in consideration that the USD is the safe haven currency so impact might be lower
  5. And again, that Trump... I just don't trust that guy

I think sentiment needs time to shift, when things are going good people tend to ignore bad news, it seems.

But now with this bad data, maybe this will trigger the wave 5 i'm looking for and maybe we'll break monthly resistance levels..

We'll see

What's that smell? ---- I smell money!
  • #18,326
  • Apr 6, 2018 8:27am Apr 6, 2018 8:27am
4H buy order tp 1 reached.

Will see if it breaks up for continuation otherwise time to resell
  • #18,327
  • Apr 6, 2018 8:32am Apr 6, 2018 8:32am
Quoting Windstrown
4H buy order tp 1 reached. Will see if it breaks up for continuation otherwise time to resell
If you haven't sold already at 1.2276 try to do it as long as you can..

I expect price to retest 1.2215 levels soon..

Stay Green
Focus only on what truly matters!
  • #18,328
  • Apr 6, 2018 8:38am Apr 6, 2018 8:38am
really? I mean aren't you going to wait for confirmation on the 4h candle? I didn't sell yet I am going to wait for the 4h close to see if i can short..

You have been right all day man but I need to follow my plan .

Best of luck though
  • #18,329
  • Apr 6, 2018 8:43am Apr 6, 2018 8:43am
Retest of 226x - 225x seems most probable to me.. don't think it will go lower.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 85 KB
What's that smell? ---- I smell money!
  • #18,330
  • Apr 6, 2018 8:47am Apr 6, 2018 8:47am
Quoting digger1
Spikes up you have the weekly open at 2321,,which is also the quarterly open ,, spike probably wouldnt get that its a bit too far ,, but top side last weeks low would be in the mix for a spike at 2284 ,, ,, fill the coffee mug sit back and enjoy the sheet show lol
Yep - fully agree with your levels there buddy - I've got mine ray'd out too off those zones.

So here we are post NFP...Which I'm now officially renaming, BFD (Big Fkn' Deal)...1 hour and 15 mins after the announcement and EU is about 40 pips higher than when I left this morning...Those big plays off NFP pre 2010 are a distant memory...
  • #18,331
  • Apr 6, 2018 8:47am Apr 6, 2018 8:47am
Quoting SteFX85
Retest of 226x - 225x seems most probable to me.. don't think it will go lower. {image}
It gets this level back it should get close to weekly open ,,whole lot of sheet right here if this dont knock it back probabkly wont even see the 2250 level for a bit ,, its got too many levels back lol
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  • #18,332
  • Apr 6, 2018 8:50am Apr 6, 2018 8:50am
Quoting Windstrown
really? I mean aren't you going to wait for confirmation on the 4h candle? I didn't sell yet I am going to wait for the 4h close to see if i can short.. You have been right all day man but I need to follow my plan . Best of luck though


Double top 15 min chart @ 1.22801 with falling volume

Edit: shorting @ 1.22711 stop lose is me tp is me
  • #18,333
  • Apr 6, 2018 8:50am Apr 6, 2018 8:50am
Quoting digger1
{quote} It gets this level back it should get close to weekly open ,,whole lot of sheet right here if this dont knock it back probabkly wont even see the 2250 level for a bit ,, its got too many levels back lol {image}
I really wouldn't raise an eyebrow to see this retrace gradually to 1.2372..In fact I'll be delighted if it did cause I'll short off there
  • #18,334
  • Apr 6, 2018 8:50am Apr 6, 2018 8:50am
Quoting Dingoman-two
{quote} Double top 15 min chart @ 1.22801 with falling volume
Reckon there is a few orders here to chew thru
  • #18,335
  • Apr 6, 2018 8:52am Apr 6, 2018 8:52am
Quoting FXClarity
{quote} Yep - fully agree with your levels there buddy - I've got mine ray'd out too off those zones. So here we are post NFP...Which I'm now officially renaming, BFD (Big Fkn' Deal)...1 hour and 15 mins after the announcement and EU is about 40 pips higher than when I left this morning...Those big plays off NFP pre 2010 are a distant memory...
Yep ,,those days are long gone man ,,dust in the wind lol
  • #18,336
  • Apr 6, 2018 8:53am Apr 6, 2018 8:53am
Reconsidering 1.2215 area might be a wide shot but I am certain at 1.2245 area.. I am targeting those levels foremost..

Stay Green
Focus only on what truly matters!
  • #18,337
  • Apr 6, 2018 8:57am Apr 6, 2018 8:57am
Quoting Dingoman-two
{quote} Double top 15 min chart @ 1.22801 with falling volume
Could be the catalyst but as Digger has written..the play for days has been down and bigger players may need more liquidity to send this under 1.20.

..Think of it like this..most traders who missed the move down are looking to get into short positions now...So if you needed liquidity to get your high volume sell orders in; you'd creep it up where those who have stops (buys)

..personally I see this as Digger does; specifically this is likely to 'chew' through a few levels higher just yet..We'll see (I'm still holding all my short trades above).
  • #18,338
  • Apr 6, 2018 9:05am Apr 6, 2018 9:05am
Let's buy at the daily pivot ...

22523.
What's that smell? ---- I smell money!
  • #18,339
  • Apr 6, 2018 9:09am Apr 6, 2018 9:09am
Quoting FXClarity
{quote} Could be the catalyst but as Digger has written..the play for days has been down and bigger players may need more liquidity to send this under 1.20. ..Think of it like this..most traders who missed the move down are looking to get into short positions now...So if you needed liquidity to get your high volume sell orders in; you'd creep it up where those who have stops (buys) ..personally I see this as Digger does; specifically this is likely to 'chew' through a few levels higher just yet..We'll see (I'm still holding all my short trades above)....

This is exactly the reason why i buy sell all the time,

To put it another way its a form of scalping.

And i love to scalp the market, i get some sort of buzz from it and i like it.

===
  • #18,340
  • Apr 6, 2018 9:10am Apr 6, 2018 9:10am
Quoting Dingoman-two
{quote} This is exactly the reason why i buy sell all the time, To put it another way its a form of scalping. And i love to scalp the market, i get some sort of buzz from it and i like it. ===
Good for you man. You’ve found your niche: exploit it to the max
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