EURUSD only

My Intraday Outlook.
(ahead London)

100 pips zig-zags.
Ok, you may zoom out the chart, but I will only consider the 7 days now EUR/USD consolidation.
If is to continue it has to break that range @ 1.2400 - 1.2300.
Otherwise we can play the range inside on the S/R levels.

Intraday resistance:
- 1.2396 - 1.2400 - 1.2413 (HH)
- 1.2379 (Fibo 38.2 PP)
Intraday support:
- 1.2362 (W_mid)
- 1.2326-28 (38.2%+W_PP)
- 1.2316 (M_PP)

My Intraday Trading: Sold 1.2379 as an intraday resistance (Fibo 38.2 PP) by default.

Have a good trading day, you all!

Bada bing bada boom, ...and that Weekly Fibo R38 1.2379 payed off.
Closed at 2362 ...hate support ...just 17 pips, not the standard 20 ...enough

Remember, 20 pips a day keep the hard work away!

Go bears!

Holy truth. I've been playing this way for several years

Short from .2370...still going strong, BE now
Targeting .2340

I've opened short at 1.23545, SL: 1.23782. Seems like a bad idea now, that it moved upwards since. The positions of the SMAs point updwards, the directions of SMAs point downwards. 1D candle stats points to a green candle for today.

Nice going again Tudor - I always respect traders who call their entries and exits live..shows conviction (as opposed to "went long/short - now at breakeven so no risk" )

Hi SmartErisa,

Can you share the traders position indicator.
Thanks

I have bots working alone, but I would never post a trade hindsight.
I come out here only with live stuff.

What is happening to the euro? All eyes are currently on the US dollar, and as a result the single currency is taking a bit of a back seat, despite the fact that the ECB meeting is taking place next week. As is usually the case in the run-up to meetings, there is little in the way of comments by ECB officials. At least the recent comments did not result in anything unusual (the hawks hawkish, ECB President Draghi rather cautious as far as the sustainability of the rise in inflation is concerned) which the market would have to translate into a major euro move. Even though the US President continues to provide material creating movement in USD as did his Treasury Secretary Steve Mnuchin by announcing yesterday that Trump’s twitter feed about depreciation had been a “warning shot” for China and Russia. However, Mnuchin too can always be relied upon for a U-turn – we would like to remind you of his comments in Davos in January about a weak dollar. And economic advisor Larry Kudlow also underlined that the US administration didn’t “want any currency wars”. In the end neither of the major currencies either side of the Atlantic has managed to truly gain the upper hand. Since January EURUSD has therefore been trading in a range of 1.2200-1.2550. Markets currency indices too illustrate that dollar weakness dominated until late January, but that since then both currencies developed similarly – with the exception of a little toing and froing mainly in the USD – reflecting the sideways move in EURUSD. Even though the numerous addresses by Fed officials over the coming days or surprising tweets from the President might cause some movement in USD, this will not be sufficient for it to breach the above mentioned range. Something fundamental would have to change for that to happen. The market currently sees no fundamental reasons for this neither with USD nor with EUR as it has got used to the bizarre goings on in the White House. The ECB meeting next week hardly bears any hawkish potential for a surprise either, as the weaker PMIs over the past few weeks as well as the disappointing German ZEW index yesterday are more likely to cause the market to consider a slight loss in economic momentum. Markets partisipants therefore see little likelihood of EURUSD breaking out of its range.

ok so we should expect a break next week

Adding another short here tp 1.2324 wont place a stop on this one

Got hit and took a first TP. Kept another short at the same price 1.23700 and waiting for now

Loaded big lot just now. GBP News sucked hard. This will get dragged down with it

Added another short at 1.23674, SL: 1.23886

Low contagion effect so far. Good luck though!

i know im hoping for the news at 10 to move it pray the lord! xD

I started selling at 1.2365 with 15 to 20 pips SL room.. and I will keep selling more as long as the 1.2360/70 barricade resists.. good luck to all..

Stay Green

Lol, if you've reached that stage mate - you just know you've oversized the trade - still "no guts - no glory" I suppose

i did indeed man still its a risk i shouldn't take i really think this will folow through but but mofo isn't moving.. maybe its time to downsize a bit.. always good to be called on your bad decisions though that is why i like to post here helps improving ehe

Pound went south 130 pips in one news. I am jealous now. Though it helped Dollar Index to bite the first resistance at 89.360. I strongly believe in brotherhood of all European nations.