Moving towards 19324-34 i guess
- #21,465
- Edited 3:30am May 11, 2018 3:15am | Edited 3:30am
- Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now
Current situation on Daily.. same chart I shared yesterday inside NY session.. and the reason why I bought 1.1893.. 
And please mark my words: Today might be the last day of bullish retracement.. generally after 2 days of up move price continues its trend which is bearish based on Daily chart.. not a guranatee though but hypothetically there is a chance that bears will take back control somewhere on Monday or latest Tuesday coming week.. so enjoy the bullish atmosphere for now..
1.1986 is my overall bullish target for today.. an extreme push could bring it to maximum 1.1993/1.2005 as seen on chart.. that would be my very limit to look for sell setup..
Stay Green
And please mark my words: Today might be the last day of bullish retracement.. generally after 2 days of up move price continues its trend which is bearish based on Daily chart.. not a guranatee though but hypothetically there is a chance that bears will take back control somewhere on Monday or latest Tuesday coming week.. so enjoy the bullish atmosphere for now..
1.1986 is my overall bullish target for today.. an extreme push could bring it to maximum 1.1993/1.2005 as seen on chart.. that would be my very limit to look for sell setup..
Stay Green
Focus only on what truly matters!
- #21,466
- May 11, 2018 3:26am May 11, 2018 3:26am
- | Joined Feb 2018 | Status: Trader | 1,276 Posts
{quote} So what was that? A cool 10k?
- #21,468
- May 11, 2018 3:33am May 11, 2018 3:33am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Good Morning
I am looking at the H4 and the H1.
The H1 still looks choppy but we see a decent HH/HL/HH/HL setup. I don't like the H1 candles though, there is still a lot of hesitation and indecision in the market.
The H4 setup however looks juicy and that's where I am trading it.
Targets (roughly): 1.2045, 1.2117, 1.2187
I don't really have faith in it, it is Friday and Dragi will speak today, but still, it's worth a punt.
It is a risky trade that most likely goes wrong, but earns good money if it works out.
H4
I am looking at the H4 and the H1.
The H1 still looks choppy but we see a decent HH/HL/HH/HL setup. I don't like the H1 candles though, there is still a lot of hesitation and indecision in the market.
The H4 setup however looks juicy and that's where I am trading it.
Targets (roughly): 1.2045, 1.2117, 1.2187
I don't really have faith in it, it is Friday and Dragi will speak today, but still, it's worth a punt.
It is a risky trade that most likely goes wrong, but earns good money if it works out.
H4
you are not expected to understand this
- #21,469
- May 11, 2018 3:39am May 11, 2018 3:39am
- Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now
Good Morning
Stay Green
Focus only on what truly matters!
- #21,470
- May 11, 2018 3:41am May 11, 2018 3:41am
Good Morning
- #21,471
- May 11, 2018 3:42am May 11, 2018 3:42am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} ups.1lot not 100hehe i misstype.but someday 100 lot will be im sure
Not anymore. I think nobody hunts a 1Lot player.
But you must know better about those things, since you're a professional tarder according to your FF profile.
Member
- #21,472
- May 11, 2018 3:52am May 11, 2018 3:52am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #21,473
- May 11, 2018 4:01am May 11, 2018 4:01am
- Joined May 2014 | Status: Full Time Trader | 27,108 Posts | Online Now
Very simple common sense analysis: It seem like weird to stay short after very strong support hard tested and the Thursday close (D1 'morning star') IMO ...but who knows ?!
My Pending Buy Limit Order is still active at 1.1896 (I left it there for Draghi blabber)
SL: 15 pips
TP: 1:2 or 1:3 risk reward.. will try to trail SL..
Stay Green
Focus only on what truly matters!
- #21,474
- Edited 4:25am May 11, 2018 4:12am | Edited 4:25am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
...forgot to mention, the weekly is about to paint a nice hammer in the right spot.
I am really not sure on Dragi, but a 70 pip stop should work here to keep it out of intraday noise if I get filled.
I'd much prefer a Stop underneith 1.1822 for my initial order but that ruins my RR.
It's an early shot and I usualy don't take positions on a Friday, especialy not when Mr. Dove himself speaks,
but for me it's a decent technical setup that gives enough rational reason to take it.
Can go a little bit wrong, or massivly right. That's a shot I take anytime
edit: also the Goldprice reacts, that's usualy my (strong) indicator for the Euro.
(I hold longs on Gold all the time, I never sell it)
I am really not sure on Dragi, but a 70 pip stop should work here to keep it out of intraday noise if I get filled.
I'd much prefer a Stop underneith 1.1822 for my initial order but that ruins my RR.
It's an early shot and I usualy don't take positions on a Friday, especialy not when Mr. Dove himself speaks,
but for me it's a decent technical setup that gives enough rational reason to take it.
Can go a little bit wrong, or massivly right. That's a shot I take anytime
edit: also the Goldprice reacts, that's usualy my (strong) indicator for the Euro.
(I hold longs on Gold all the time, I never sell it)
you are not expected to understand this
- #21,476
- May 11, 2018 4:27am May 11, 2018 4:27am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #21,478
- May 11, 2018 4:29am May 11, 2018 4:29am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
- #21,480
- May 11, 2018 4:45am May 11, 2018 4:45am
- Joined May 2015 | Status: Trader | 1,148 Posts
{quote} Sure. Conspircy eveywhere. I know.
What's that smell? ---- I smell money!