COT : the precious data ignored & FX investing: mid/long term ideas
- Post #1,141,081
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- Apr 27, 2018 3:26am Apr 27, 2018 3:26am
- Joined Jul 2007 | Status: Member | 17,077 Posts
- Post #1,141,082
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- Edited at 4:04am Apr 27, 2018 3:45am | Edited at 4:04am
- Joined Feb 2010 | Status: Future wave Anylist | 5,460 Posts
Founder of Seventh Wave Principle
- Post #1,141,083
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- Apr 27, 2018 3:58am Apr 27, 2018 3:58am
- Joined Aug 2016 | Status: Member | 3,775 Posts
Why do I have the impression that Silver is coiling to explode upwards...? 16.51 now.
Have an eye on it...
Have an eye on it...
- Post #1,141,084
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- Edited at 4:46am Apr 27, 2018 4:36am | Edited at 4:46am
- Joined Feb 2010 | Status: Future wave Anylist | 5,460 Posts
Founder of Seventh Wave Principle
- Post #1,141,086
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- Apr 27, 2018 5:34am Apr 27, 2018 5:34am
- Joined Sep 2015 | Status: Member | 820 Posts
- Post #1,141,087
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- Apr 27, 2018 9:00am Apr 27, 2018 9:00am
- Joined Jul 2007 | Status: Member | 17,077 Posts
COT : the precious data ignored & FX investing: mid/long term ideas
- Post #1,141,088
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- Apr 27, 2018 9:39am Apr 27, 2018 9:39am
- Joined Aug 2016 | Status: Member | 3,775 Posts
Long @ 120 82 BIG SL @ 53.5
Don't ask me for targets.. . . . . . . . .
Don't ask me for targets.. . . . . . . . .
- Post #1,141,089
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- Apr 27, 2018 11:00am Apr 27, 2018 11:00am
- Joined Aug 2016 | Status: Member | 3,775 Posts
[quote=F.g;11006258]Long @ 120 82 BIG SL @ 53.5 Don't ask me for targets.. . . . . . . . . [/quote
11:00 =121 02 SL @ 120 72 fttb
[/quote11:00 =121 02 SL @ 120 72 fttb
- Post #1,141,090
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- Edited at 3:43pm Apr 27, 2018 1:13pm | Edited at 3:43pm
- Joined Feb 2010 | Status: Future wave Anylist | 5,460 Posts
Founder of Seventh Wave Principle
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- Apr 28, 2018 9:38am Apr 28, 2018 9:38am
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- Post #1,141,092
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- Apr 28, 2018 10:33am Apr 28, 2018 10:33am
- Joined Jun 2011 | Status: the risk is the unknown | 1,889 Posts
maybe buying is not a bad idea!!!
- Post #1,141,093
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- Apr 28, 2018 11:19am Apr 28, 2018 11:19am
- | Joined Nov 2011 | Status: Member | 2,008 Posts
yeah what's that called again 1 to 1 correction into a 50 percent retracement, gartley or something like that right...prior highs -- now support...I guess if you don't see the long opportunity oh well lol 
- Post #1,141,095
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- Apr 29, 2018 4:14pm Apr 29, 2018 4:14pm
- Joined Dec 2015 | Status: Member | 6,365 Posts
Are you tracking EURUSD? Here's is a top-down technical perspective to consider.
On the weekly time frame, price action has been printing wicky candlesticks for some weeks and apparently leading to a topping pattern. Last week, price action printed a bearish candlestick that breached the topping zone southward. The candlestick also broke far below the monthly pivot around which price action has operated sideways since the beginning of the month. Apparently, bears will be tempted to maintain the impetus and may target the immediate horizontal support around the 1.19200 area. It should be noted that bulls pushed back the bearish move last week and somehow curtailed the southward momentum; leading to a longer wick on the low part of the candlestick than the upper part. However, bears had taken price action to a minor support area, around 1.20510 (magenta), before bulls intervened.
On the daily time frame, price action has broken below a support trendline (navy) that has been been in play for quite a while. As the present location of price action is far from the mean, we may expect a pullback to an area that had served as a horizontal support for a role flip, leading to an impetus of a southward move upon turning around. Such an area is around 1.22150.
I may be wrong. Trade safe and prosper.
KP
On the weekly time frame, price action has been printing wicky candlesticks for some weeks and apparently leading to a topping pattern. Last week, price action printed a bearish candlestick that breached the topping zone southward. The candlestick also broke far below the monthly pivot around which price action has operated sideways since the beginning of the month. Apparently, bears will be tempted to maintain the impetus and may target the immediate horizontal support around the 1.19200 area. It should be noted that bulls pushed back the bearish move last week and somehow curtailed the southward momentum; leading to a longer wick on the low part of the candlestick than the upper part. However, bears had taken price action to a minor support area, around 1.20510 (magenta), before bulls intervened.
On the daily time frame, price action has broken below a support trendline (navy) that has been been in play for quite a while. As the present location of price action is far from the mean, we may expect a pullback to an area that had served as a horizontal support for a role flip, leading to an impetus of a southward move upon turning around. Such an area is around 1.22150.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- Post #1,141,097
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- Apr 29, 2018 5:22pm Apr 29, 2018 5:22pm
- Joined Feb 2010 | Status: Future wave Anylist | 5,460 Posts
Founder of Seventh Wave Principle
- Post #1,141,098
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- Apr 29, 2018 5:24pm Apr 29, 2018 5:24pm
- Joined Dec 2015 | Status: Member | 6,365 Posts
I am bearish on this pair and will look for a sell setup on the H4 tf should price action retrace to the zone bound by red horizontal lines in the attached H4 chart.
KP
KP
Are you tracking EURUSD? Here's is a top-down technical perspective to consider. On the weekly time frame, price action has been printing wicky candlesticks for some weeks and apparently leading to a topping pattern. Last week, price action printed a bearish candlestick that breached the topping zone southward. The candlestick also broke far below the monthly pivot around which price action has operated sideways since the beginning of the month. Apparently, bears will be tempted to maintain the impetus and may target the immediate horizontal support...
Do your homework, follow the footprints of smart money
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- Apr 29, 2018 10:16pm Apr 29, 2018 10:16pm
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- Post #1,141,100
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- Apr 29, 2018 11:42pm Apr 29, 2018 11:42pm
- Joined Jun 2016 | Status: Member | 2,757 Posts
