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EURUSD only

  • #24,001
  • Jun 1, 2018 1:08pm Jun 1, 2018 1:08pm
Bear TGTs - HERE
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #24,002
  • Jun 1, 2018 1:11pm Jun 1, 2018 1:11pm
Must say EURO Futures look vulnerable to a drop below 1.1400. Surely price will want to fill that gap shown in yellow in
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  • #24,003
  • Jun 1, 2018 1:17pm Jun 1, 2018 1:17pm
Bull TGTs - HERE
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #24,004
  • Jun 1, 2018 1:38pm Jun 1, 2018 1:38pm
Looking at the weekly and daily chart, I'd definitely not be taking any shorts into next week.

I think the next leg is up to 1.18.

(Just my early weekend analysys - I have no open positions on this pair)
  • #24,005
  • Jun 1, 2018 1:53pm Jun 1, 2018 1:53pm
It's Friday, there was more news from US than EU, and the news was mostly positive for the USD. But it was also the first day of the month with lots of volatility and the price is bouncing between two hot spots which I don't think will be broken today ... having said that we'll close this week with a massive weekly pin bar at the huge support level and a weekly Stochastic price cycle low which (probability-wise) points to the upside (which is also supported by the weekly Elliot Wave btw) and lastly CME Group has price projections for the EUR/USD futures going up not down so.
  • #24,006
  • Jun 1, 2018 2:07pm Jun 1, 2018 2:07pm
Quick H4 Outlook

  1. Keep your shorts or sell any highs that aim to retest 1.1719 area..
  2. 1.1613 might eventually break and let bears retest 1.1560/80 area..

Happy weekends to all.. see you on Monday..

Stay Green

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Focus only on what truly matters!
  • #24,007
  • Edited 2:53pm Jun 1, 2018 2:32pm | Edited 2:53pm
Another busy week is over.
Kick back and relax, see ya Sunday open.
Cheers!
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  • #24,008
  • Jun 1, 2018 3:20pm Jun 1, 2018 3:20pm
Quoting Ata-Turkoglu
Quick H4 Outlook Keep your shorts or sell any highs that aim to retest 1.1719 area.. 1.1613 might eventually break and let bears retest 1.1560/80 area.. Happy weekends to all.. see you on Monday.. Stay Green {image}
Agreeing with you Sir. Going to hold my shorts over the weekend. Have a great weekend all!! Happy Trading!!
Zip
  • #24,009
  • Jun 1, 2018 7:06pm Jun 1, 2018 7:06pm
Quoting Godzilla
{quote} 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 ?
We use AI driven algos that use deep learning/reinforcement learning. They combine macro and quantitative elements.

On the quantitative side, its primarily momentum driven and on a trend like this it is measuring price action against momentum and time. The AI has developed its own sense of how much price moves based on momentum and over what time period.

It combines the quantitative with its macro analysis - I can look at the probabilities on our dashboards and when I see very high probabilities for price/time action I sometimes post a comment here. That is where the last couple of comments came from. I rarely comment though, the trade explorer is live and that does most of the talking

The best guidance I'd give you is to study the trades the AI makes, the entries exits, the way it manages the portfolio and positions - plot it on multi timeframe charts and study it - there is a lot one can learn from it, especially for members here can study how professional fx portfolio is managed - all the data can be accessed from the trade history tab - there is 3 years of data -
  • #24,010
  • Edited Jun 2, 2018 12:31am Jun 1, 2018 7:20pm | Edited Jun 2, 2018 12:31am
Quoting bill1985
ouch got stopped out twice today on shorts down 50 pips why why why :''' this game is to hard

"this game is to hard"

Not rely Bill,

One of the trading strategy's that you should look at and include as a trading rule,

Is that you should only trade in the direction that the market is moving,

And you can see this by looking at the hourly/four hourly/daily/weekly charts (your choice)

good luck my friend

======
  • #24,011
  • Jun 1, 2018 7:22pm Jun 1, 2018 7:22pm
Quoting user954
{quote} We use AI driven algos that use deep learning/reinforcement learning. They combine macro and quantitative elements. On the quantitative side, its primarily momentum driven and on a trend like this it is measuring price action against momentum and time. The AI has developed its own sense of how much price moves based on momentum and over what time period. It combines the quantitative with its macro analysis - I can look at the probabilities on our dashboards and when I see very high probabilities for price/time action I sometimes post a comment...
i came to similar conclusions so wanted to understand how you came to the same. appreciate your approach. all here to learn.
  • #24,012
  • Jun 2, 2018 4:24am Jun 2, 2018 4:24am
... https://www.forexfactory.com/showthr...7#post11122867
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  • #24,013
  • Jun 2, 2018 5:02am Jun 2, 2018 5:02am
I am looking to enter a long on a break above the massive weekly Pin Bar from support, plus the fact that is seems like everyone is short on this pair. I am reminded of the Bernard Baruch quote "when the shoeshine boys are long, it's time to go short" translation, if all the money is short, who is left to go short?
  • #24,014
  • Edited 5:42am Jun 2, 2018 5:18am | Edited 5:42am
Quoting tartan trade
I am looking to enter a long on a break above the massive weekly Pin Bar from support, plus the fact that is seems like everyone is short on this pair. I am reminded of the Bernard Baruch quote "when the shoeshine boys are long, it's time to go short" translation, if all the money is short, who is left to go short?
Good luck on this one.

Current Retailer Sentiments are
55% Long vs 45% Short. (Oanda)
52% Long vs 48% Short (DailyFX)
60% Long vs 40% Short (FX Blue)
FF Sentiment: if you are looking at these, you are lost, please donate the rest of your account to homeless shelters, thank you.

The weekly Candle screams Trend Continuation (Downtrend). So do the D1 / H4 / H1 Setups.
Will post my Charts tomorrow.
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you are not expected to understand this
  • #24,015
  • Edited 5:59am Jun 2, 2018 5:47am | Edited 5:59am
Quoting skyway
{quote} Bad and dangerous idea. Market is heading towards 1.1817 Close shorts and look for opportunities to buy - critical support level 1.1621
If you are trailing longterm shorts and you did not trade out at 1.18, then your current Stops should be 1.183+ATR. Safe...
1.16x is NOT a significant level.
The current Resistance 1.1720 is very significant.
The next significant Support is 1.145

I'm with Ata on this one.
you are not expected to understand this
  • #24,016
  • Jun 2, 2018 5:49am Jun 2, 2018 5:49am
Did "A" ended at 1.1506?

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  • #24,017
  • Edited 6:59am Jun 2, 2018 6:48am | Edited 6:59am
Quoting skyway
{quote} I concur with everything you wrote except the bolded part. The significance of this level is not because it is a sr zone. It is critical because the market has done a pullback last week. It is decision time whether there is further upside to test 1.1720 and if it holds else 1.18 before it falls back. If this does not happen then yes it breaks 1.1620 then head towards 1.145 where the bears celebrate. That's what makes it critical where we are now. Holding short term losing shorts may worsen the situation. For now, this possibility remains...
I concur with everything you wrote, except the bullish weekly candle.
I'd need to see a break of 1.1720 + retest to change my mind on this one.

But we'll see.
I think Dragi will decide (Tuesday)
you are not expected to understand this
  • #24,018
  • Jun 2, 2018 8:54am Jun 2, 2018 8:54am
This seems to be the reason, USD gained pips already before the numbers, so yes it was already partially priced in when they came out.

https://www.cnbc.com/2018/06/01/reut...-eyebrows.html
  • #24,019
  • Jun 2, 2018 10:42am Jun 2, 2018 10:42am
Quoting skyway
{quote} Bad and dangerous idea. Market is heading towards 1.1817 Close shorts and look for opportunities to buy - critical support level 1.1621
Completely agree
  • #24,020
  • Jun 2, 2018 6:29pm Jun 2, 2018 6:29pm
Quoting skyway
{quote} Bad and dangerous idea. Market is heading towards 1.1817 Close shorts and look for opportunities to buy - critical support level 1.1621
I hear you but I see no need for panic.. I posted my view 2 hours before market close on Friday.. I was simply recommending not to close shorts early if any! (and by "shorts" I am talking about "shorts in profit") I left my short open for the weekend because I don't expect another gap opening nor a flash rise.. and even if a gap occurs it would be too late for you to state "too dangerous".. your post doesn't correlate with my post since you are talking about things that might happen next week.. and you could be right.. but it doesn't matter right now..

So, even if market is heading towards 1.1817 (which nobody knows yet) I believe that I will have loads of time to decide on Monday.. again: no need for panic as long as price stays below 1.1720 on my H4 chart.... let's see new week and month opening first.. your warning would have made sense if you posted right after my post before last week close.. but you didn't.. we basically have irrelevant ideas..

Stay Green
Focus only on what truly matters!
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