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  • #23,781
  • May 31, 2018 11:19am May 31, 2018 11:19am
Resistance to turn support at around 1.1610?
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  • #23,782
  • May 31, 2018 11:53am May 31, 2018 11:53am
EUR/USD has settled around 1.1670 after bulls met resistance today at 32.8% Fibo at 1.70. The pair is very hesistant due to Trump's tariffs and Italian deal. And NFP tomorrow add additional uncertainty.
  • #23,783
  • May 31, 2018 12:30pm May 31, 2018 12:30pm
a look at the Daily

the Chart...
we have reached complete indecision in todays candle.
D1 chart shows a failed attempt, the "channel" is unbroken.
As long as the 38.2% retracement @1.1709 serves as strong resistance, backed by the 1.1715 resistance AND now the Meanprice pushing it from above...

the Nonsense...
....plus all the news, or should we call it "noise", coming from the US, and the ongoing "we do it, we don't know, maybe we do it, better not, we will see,nobody knows..." nonsense in Italy.... MAAAN do I need to say more?

the Candles...
Not to mention today is the close of the Monthly candle, tomorrow is the close of the Weekly candle and the start of a new Monthly candle, and all that on important RED FLAGS day...

the Moon...
And for the occasional Gann enthusiasts out there: it's full moon over gemany (whatever that means for you, I don't understand this shit)

the Me...
I don't know about you guys, but I don't trade this. I stay on the sidelines and watch.
I will however sell anything below 1.145 and I can not recommend any long positions.
The only way I would maybe think about buying this would be if price breaks 1.1715, closes above, pulls a bit higher, then reverts back to 1.1715, respect it as Support, closes above Mean, and deliver me a Type 1 or Type 2 close, in the right color...
Won't happen easy guys, lets be realistic.
For me this is still a one way market and I'd rather build shorts around Resistance Levels and sit on it, than to buy into this.

Chart
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you are not expected to understand this
  • #23,784
  • Edited 1:09pm May 31, 2018 12:54pm | Edited 1:09pm
Only a clarification from Italy: at 99% the government will do it. 15 min ago the technical government of Cottarelli has not accepted the assignment in favor of the political government of 5 stars movement + Lega.

The italian President of Republic accepted this.

Update: This evening at 21:00 (italian time) the president of the Italian republic will commission Giuseppe Conte (5 star movement + Lega) to form the government.
  • #23,785
  • May 31, 2018 1:07pm May 31, 2018 1:07pm
Quoting EmmeLegend
Only a clarification from Italy: at 99% the government will do it. 15 min ago the technical government of Cottarelli has not accepted the assignment in favor of the political government of 5 stars movement + Lega. The italian President of Republic accepted this.
Super important info, thank you.
Really hard to keep up with this.
you are not expected to understand this
  • #23,786
  • May 31, 2018 1:09pm May 31, 2018 1:09pm
Watch very carefully the 4-hour and hear what I believe will happen ... Marrying Fundies with Technical ... A drop should occur to perhaps 1_1496x if Sanchez wins in Spain, they become less connected to EU,& Catalunya izqueirda decides to fire up the Process full force with Quim, and Sanchez decides for a plebiscite to be allowed. Be the reed, this may not happen. If it all comes to pass this way though..... further plunge there will be.
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  • #23,787
  • May 31, 2018 1:10pm May 31, 2018 1:10pm
Quoting Teek
a look at the Daily the Chart... we have reached complete indecision in todays candle. D1 chart shows a failed attempt, the "channel" is unbroken. As long as the 38.2% retracement @1.1709 serves as strong resistance, backed by the 1.1715 resistance AND now the Meanprice pushing it from above... the Nonsense... ....plus all the news, or should we call it "noise", coming from the US, and the ongoing "we do it, we don't know, maybe we do it, better not, we will see,nobody knows..." nonsense in Italy.... MAAAN do I need to say more? the Candles... Not...
I like to keep things simple.. Imho, considering the current H1 situation:

  1. If it breaks through 1.1723 then the next (and potentially last) bullish target would be the 1.1765/75 zone..
  2. If it can go back below 1.1615 then the next target would be 1.1550/60 block..

Stay Green

Focus only on what truly matters!
  • #23,788
  • May 31, 2018 2:57pm May 31, 2018 2:57pm
Quoting Ata-Turkoglu
{quote} I like to keep things simple.. Imho, considering the current H1 situation: If it breaks through 1.1723 then the next (and potentially last) bullish target would be the 1.1765/75 zone.. If it can go back below 1.1615 then the next target would be 1.1550/60 block.. Stay Green
I agree.

I am not trading this pair for more than 50 pips with small SL (later moving it to BE).

Looking forward to 1.1550 to buy and 1.1765 for sell as you are suggesting. Off course keeping in view the PA.

Quoting RedWarII
Watch very carefully the 4-hour and hear what I believe will happen ... Marrying Fundies with Technical ... A drop should occur to perhaps 1_1496x if Sanchez wins in Spain, they become less connected to EU,& Catalunya izqueirda decides to fire up the Process full force with Quim, and Sanchez decides for a plebiscite to be allowed. Be the reed, this may not happen. If it all comes to pass this way though..... further plunge there will be. {image}
Wow that is some High Tech Fancy Futuristic Chart. DAMN.
  • #23,789
  • May 31, 2018 5:51pm May 31, 2018 5:51pm
Morning all, seems like a very volatile US session. I had a long but it was stopped at be, could be up +40 pips now

Will no biggie. My opinion is that eu could reach 1.78 or even 1.81 just before NFP. Lots of buying at the end of NY session indicates lots of accumulation for the day ahead, traders must be feeling very bullish on euro.

I will look for buy opportunities during Asia session.
  • #23,790
  • May 31, 2018 6:52pm May 31, 2018 6:52pm
Quoting user954
As mentioned here in my last post two days ago, the high odds play was to expect the EU to fill out the range between 1.15 and 1.1750 over the next few 7 -12 days before heading lower (below 1.15) {quote} EU bounced from 1.15 to 1.172 area and now trading lower. Should be plenty of opportunities to trade the range from both sides. Can always watch the trade explorer linked in my sig below for near real time trades.
your comments "expect the EU to fill out the range between 1.15 and 1.1750 over the next few 7 -12 days before heading lower (below 1.15)". what prompted you to understand price would stop at 1.15 and retrace to 1750 ?
  • #23,791
  • Edited 7:37pm May 31, 2018 7:06pm | Edited 7:37pm
If next two candle forms lower low below 1.1690,1.1688, consecutively then the potential to sell is @92% and loading for a long term pips pf 1000^...
that is in the 30min- 1 hour time frame... ENJOY THE RIDE WITH THE TIDE!
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  • #23,792
  • May 31, 2018 7:16pm May 31, 2018 7:16pm
Quoting kriz2kroz
If next two candle forms lower low below 1.1690,1.1688, consecutively then the potential to sell is @92% and loading for a lond term pips pf 1000^...
what timeframe?
  • #23,793
  • May 31, 2018 7:20pm May 31, 2018 7:20pm
expected to breach 1723 tonight on back of NFP and settle in the 1860 -1730 range (1800 has some daily resistance). Looking to short heavily again in this area to 1500s and below.
  • #23,794
  • May 31, 2018 8:08pm May 31, 2018 8:08pm
Quoting digger1
{quote} May have to endure a spike ,,# things my good friend ,,,,an up day is an up day ,,,,,,everyday day the same ,,frankie fake out ,,or not ,,London sets the tone ,,, us will spike it towards the open then add or reverse ,,thts number one ,,,, when they all go the same direction probably work that way till end of day ,,roll with the flow ,thats number 2 ,,,,, number 3 what ever time frame you use put what equates to a 12 hour average price ,, then what equals a 6 hour average ,,pretty self explanatory ,,above both no shorting unless a damn good...
My man! Appreciate ya my friend. Still holding my shrts.....for now..Maybe US News can knock it down enough to limit the bleeding.
Zip
  • #23,795
  • May 31, 2018 8:40pm May 31, 2018 8:40pm
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  • #23,796
  • May 31, 2018 10:25pm May 31, 2018 10:25pm
Quoting Piptaker64
{quote} My man! Appreciate ya my friend. Still holding my shrts.....for now..Maybe US News can knock it down enough to limit the bleeding.
Should be alrite bud,, at least 1623 ,,may be 1580 area by nfp time ,,,if Last weeks low folds again ,,cheers man
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  • #23,797
  • May 31, 2018 10:35pm May 31, 2018 10:35pm
Quoting digger1
{quote} Should be alrite bud,, at least 1623 ,,may be 1580 area by nfp time ,,,if Last weeks low folds again ,,cheers man {image}
Yo Digs...

Kinda Critical area here, no?

We are currently sitting above previous weekly close and right on the line for Weekly Gap Open, this.

As the Eternal EU Shorter...I'm sitting shorts out right now...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,798
  • May 31, 2018 10:42pm May 31, 2018 10:42pm
Quoting Magix
{quote} Yo Digs... Kinda Critical area here, no? We are currently sitting above previous weekly close and right on the line for Weekly Gap Open, this. As the Eternal EU Shorter...I'm sitting shorts out right now... {image}
Hey man , how goes it ,,,, a few scalps running atm ,,, get nfp, which has really not amounted to too much in the way of fireworks as of late (not like the good ole days) out of the way will sort it out then , Has hit some good quarterly tgts on the short side so not really much in the way of size atm ,, few weeks of doldrums probably till close to end of the quarter.
  • #23,799
  • May 31, 2018 10:53pm May 31, 2018 10:53pm
Quoting digger1
{quote}Hey man , how goes it ,,,, a few scalps running atm ,,, get nfp, which has really not amounted to too much in the way of fireworks as of late (not like the good ole days) out of the way will sort it out then , Has hit some good quarterly tgts on the short side so not really much in the way of size atm ,, few weeks of doldrums probably till close to end of the quarter.
Been all good here...EURUSD been doing what it supposed to be doing...Dropping like a FUCKING STONE!

Quarterlies into Summer Session...w00t w00t!

I am actually looking at dipping out for a while...unplugging from all devices and taking a mind break...had a contract that fell through, not enough meat on the bone but made good over the last while so I am covered.

NFP...fuck...they usually push it to the following week if a new month opens on a Friday, but that would explain a little of the shiznit over the last day(ish)...

I haven't sat through NFP in a LOoOoOoOoOng Time...but agree...not as much fireworks as was.

Going to sit up and watch some new logic for about another hour and that's me for the week.

Enjoy EOW and the Closing Bells, brotherman!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,800
  • May 31, 2018 10:54pm May 31, 2018 10:54pm
Quoting Magix
{quote} Yo Digs... Kinda Critical area here, no? We are currently sitting above previous weekly close and right on the line for Weekly Gap Open, this. As the Eternal EU Shorter...I'm sitting shorts out right now... {image}
Critical on that time frame and just a slightly longer one lol
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