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  • #19,741
  • Apr 25, 2018 7:34am Apr 25, 2018 7:34am
Quoting Traderview
{quote} It'll hit 1.21399. I've been waiting for this for very long time.
I agree but just saying: maybe not today..

Stay Green
Focus only on what truly matters!
  • #19,742
  • Apr 25, 2018 7:49am Apr 25, 2018 7:49am
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Looks like it's about to break support. I'm thinking entering a long position with my risk being support broken or tp @ 1.2300
Follow my trading progress on Instagram: rags2millions
  • #19,743
  • Apr 25, 2018 7:54am Apr 25, 2018 7:54am
Loaded another long 1.2370. tp 1.2218
  • #19,744
  • Apr 25, 2018 7:57am Apr 25, 2018 7:57am
Quoting Ata-Turkoglu
{quote} I agree but just saying: maybe not today.. Stay Green


1.2173 is were it needs to close below IMHO
  • #19,745
  • Apr 25, 2018 8:02am Apr 25, 2018 8:02am
Quoting mades
beyond frustrating today again
All depends on how you use the tools the mkt gives ya ,, Dont know if you scalp much but as all of us know ,, nothing in a strait line line up or down ,, longer term charts eur on its back foot a bit ,,scalping it is very easy to zig when the mkt zags ,,yesterday a bit of buying ,,little 15 min h& S pattern that went to projected tgt and not much more basically Mondays mid point ,, today back to a down day ,,rule of thumb that has treated me well, 15m chart will give you some nice returns with the ole classic patterns you just have to use a little common sense and some good levels . Last weeks low has been the big failure point so far this week ,,as you can see the projected tgt from the shoulder level was real careful not to push it above or above Mondays mid ,and the failure point today was the projected line ,, then todays open gave out ,,then yesterdays midpoint did not hold or W S1 and here it is with another new low for the week ,, been a down day and it has been getting sold why would it change now. maybe a little bounce when London closes shop for the day . !5 m chart will give a good glimpse of the skirmishes intrady and whether you should buying or selling levels intrady , even 15 min charts it can take a day ,day and half or more to play out between the bigger levels ,,not easy but it can be done. All the moves are not instant profits and it is a chess match everyday and the mkt does not move as fast as it appears at times,,,there is always a skirmish going on ,, you just want to pick the side thats winning for the day or the week or whatever time frame you trade
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  • #19,746
  • Edited 8:18am Apr 25, 2018 8:04am | Edited 8:18am
buy sl 5 pip

update sl to be

update byE out for supper 11.15pm my country
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Self discipline It is a practice
  • #19,747
  • Apr 25, 2018 8:12am Apr 25, 2018 8:12am
Quoting digger1
{quote} All depends on how you use the tools the mkt gives ya ,, Dont know if you scalp much but as all of us know ,, nothing in a strait line line up or down ,, longer term charts eur on its back foot a bit ,,scalping it is very easy to zig when the mkt zags ,,yesterday a bit of buying ,,little 15 min h& S pattern that went to projected tgt and not much more basically Mondays mid point ,, today back to a down day ,,rule of thumb that has treated me well, 15m chart will give you some nice returns with the ole classic patterns you just have to use...
The price action today is frustration only for any day trader. I can't believe its the ecb which will say nothing again tmr. The EU/US session range is pathetic (not even 50 pips) with 5 (FIVE) 25+ pips zigzags already and counting. It is not a typical price behavior on a regular non-news day. This applies also to other majors. Of course swing traders are not really affected by this.
  • #19,748
  • Apr 25, 2018 8:16am Apr 25, 2018 8:16am
Buy EU 1.2169 see u at mars
  • #19,749
  • Apr 25, 2018 8:20am Apr 25, 2018 8:20am
Quoting mades
{quote} The price action today is frustration only for any day trader. I can't believe its the ecb which will say nothing again tmr. The EU/US session range is pathetic (not even 50 pips) with 5 (FIVE) 25+ pips zigzags already and counting. It is not a typical price behavior on a regular non-news day. Of course swing traders are not really affected by this.
Just trying to get the break out traders to jump in at the lows lol,, longer term the 2096 or somewhere down there needs tested at some point in time ,, takes the bigger news annc anymore for levels like that to get tested and comes down to the int rate decisions it seems so hopefully something will shake out tomorrow that it likes or dont like and get this moving away from this range ,,, wouldnt count on it tho, it was in one for 2 years at the bottom
  • #19,750
  • Apr 25, 2018 8:39am Apr 25, 2018 8:39am
Hello , new here and welling to learn . I had an earlier post wr i called the drop to 1.2200 area two days ago but didn’t get published . So hi everyone and one fast question ( have u ever witnessed a big move in euro against a current price action ( big as in 100 pips and more ) before ecb meeting minutes released ?
  • #19,751
  • Apr 25, 2018 8:45am Apr 25, 2018 8:45am
1.2177 is being retested again.. I expect each time a little less bear pressure from here..

Buy 1.2176
SL: 1.2165
TP: Open

Stay Green
Focus only on what truly matters!
  • #19,752
  • Apr 25, 2018 9:18am Apr 25, 2018 9:18am
The ole box traders it may be worth a cheeky long from 2150 ish to hold going into tommorows news ,, next low whether its around here or the next notch down should be worth a few going into the news . May be worth waiting to see if they get it close to 2150 ,2160 or so before the days over ,,failure to get back in the box was somewhat telling , the selling interest may be waning a bit. but day not over tho
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  • #19,753
  • Apr 25, 2018 9:47am Apr 25, 2018 9:47am
What Draghi will say in tomorrow's ECB press conference is hard to guess. Though I think Europe is not happy with 1.20+ parity. There is a huge disadvantage in competition.

A. Money flow back to USA due to Tax cut. (Europe doesn't have tax cut)
B. Economic activity in Euro area is getting hit by expensive Euro.
C. Trade war will hurt China ad Europe more than USA. As Trump said USA already lost the trade war and can't be hurt more than others. (Trade war will hit global economy though, so I still think Trump is bluffing, and we will realize that there is no trade war after some time.)
D: Inflation slows down in Euro area, however likely to increase in USA.

Excluding A, let see which ones of above three Draghi will mention tomorrow. If he mentions none of those points we can see a bounce in Euro, if he mentions at least 2 out of 3 points then we will see the dollar getting even stronger. As he does always, he will say at the end that the economic outlook in mid term is quite positive. We will see if the market will by that optimism or not.
Position Trader
  • #19,754
  • Apr 25, 2018 9:55am Apr 25, 2018 9:55am
Quoting shebalik
What Draghi will say in tomorrow's ECB press conference is hard to guess. Though I think Europe is not happy with 1.20+ parity. There is a huge disadvantage in competition. A. Money flow back to USA due to Tax cut. (Europe doesn't have tax cut) B. Economic activity in Euro area is getting hit by expensive Euro. C. Trade war will hurt China ad Europe more than USA. As Trump said USA already lost the trade war and can't be hurt more than others. (Trade war will hit global economy though, so I still think Trump is bluffing, and we will realize that...
There wont be any actions taken by him. watch the trend forget the outside noise tomorrow.. All banks saying long to 1.3 bla bla forget that.. my advice.. wait for tomorrow move and then get in either down or up.. if you have previous positions oppened (shorts) that you would like to gamble to get the move down it's your choice, but it is in fact a gamble so be carefull.. but really man don't trade the news unless it is an actual factual fundamental change of view like if tomorrow he says " we'll stop QE by september" or smth..
  • #19,755
  • Apr 25, 2018 10:00am Apr 25, 2018 10:00am
Quoting Ata-Turkoglu
1.2177 is being retested again.. I expect each time a little less bear pressure from here.. Buy 1.2176 SL: 1.2165 TP: Open Stay Green
Bull pressure is building up slowly.. 1.2190 area is probably nearest target.. 1.2377 area should provide more precise support with next retest..

And I just closed trade with +10 pips.. calling it a day.. until tomorrow folks..

Stay Green
Focus only on what truly matters!
  • #19,756
  • Apr 25, 2018 10:13am Apr 25, 2018 10:13am
EUR/USD headed towards strong support area around at 1.2125 and in case if broken next relevant one comes with the psychological 1.2100 handle.
  • #19,757
  • Apr 25, 2018 10:46am Apr 25, 2018 10:46am
For the gunslingers lol,,, some think the very short time frames give then an edge ,,they do and they dont ,,,,, they do if you use the patterns to get you to areas of interest on a longer time frame all these mkts do every day is this ,, if they are getting bought up or sold off the little time frame patterns usually take it right to the area where the orders are waiting on the longer time frame and they will do this till vol drys up or interest wanes or it gets to a good level that sends it the other way for a bit ,, near weekly highs and lows or the weekly pivots are very good for the eur ,,weekly opens etc,, daily opens and mid points for day trading etc ,, levels you can see the mkt has reacted with before ,, this is a 2 min chart with the 15 min I posted earlier , pretty strait forward day on a rangy eur ,, a new low for the week , and interest appears to be waning for the day . The little ones will never point out a major turn ,, may appear like it but it will be because a longer one found one it likes ,, at any rate ,wishing all lots of green ,,,, got to run cheers all
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  • #19,758
  • Apr 25, 2018 12:44pm Apr 25, 2018 12:44pm
Quoting Windstrown
{quote} There wont be any actions taken by him. watch the trend forget the outside noise tomorrow.. All banks saying long to 1.3 bla bla forget that.. my advice.. wait for tomorrow move and then get in either down or up.. if you have previous positions oppened (shorts) that you would like to gamble to get the move down it's your choice, but it is in fact a gamble so be carefull.. but really man don't trade the news unless it is an actual factual fundamental change of view like if tomorrow he says " we'll stop QE by september" or smth..
I agree. The market moved before the news anyway. It's a dollar move rather than Euro. Draghi may be catalyzer only. I already have short positions. Will keep them till 1.15x unless we break 1.2530, the downtrend line in monthly graphic.
Position Trader
  • #19,759
  • Apr 25, 2018 12:49pm Apr 25, 2018 12:49pm
Closing longs losing yesterday's profit but w/e I want to sleep well ahead of tomorrow. I'm off cya
  • #19,760
  • Apr 25, 2018 1:46pm Apr 25, 2018 1:46pm
Quick Daily Outlook for Thursday

  1. 1.2152 is next support, then 1.2138 and it should reverse.. in case of extra bear pressure: 1.2110 is also possible (but imho, chances are it will be only a pierce-through but no candle close below it)
  2. 1.2175 will probably act as nearest resistance after this hour.
  3. We are still building a potential descending wedge.. some bounce could be nearing..

Stay Green

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Focus only on what truly matters!
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