EURUSD only

Guys, do u likewise stay out of the mkt about this time?

London just opened.. if price can stay above 1.1520/33 it is time to buy dips..

Stay Green

Hi Ata, u mean short....

I am not drunk

Stay Green

Thanks. But how do you guys interpret this news? Sometimes, it gives a value that indicate a strong currency, but d reverse occurs..... Pls what am I not paying attention to? Pls teachers....

Long term speaking drop will probably continue.. but intraday speaking I am looking to buy IF price can climb back above 1.1533

Stay Green

Good Morning

Again I see so many people click the "buy" botton, "it came down so has to go up" trading...
I personaly could not care less and I make a lot of money on this market by trading it in the right direction.
But I have ~70 people following me and some of them write me nice words and ask for my opinion.
I can not go into great detail on what I see when I look at my trading Desk (Intermarket Correlations), and I try to keep things very simple.
So today, for all the people who punch that "buy" button because a 10 Minute Youtube Video told them so or whatever... this is for you.

I keep this very simplified, ok

Monthly Chart
please look at where the price is in the bigger picture, simply look at the naked chart.
Price trades in a very stable downtrend. It just crossed the ema50 (white) and ema 20 (green) to the downside, showing the bounce off the upper downtrend channel. The RSI is NOT "oversold", the price is NOT "too cheap", it just crossed the 50 and it's pointing down with much room to go.


Daily Chart
Price is testing the current Demand zone (white) for the third time. S&D Traders do trade a zone like this twice, never three times.
The zone is slowly exhausting under agressive selling, there are not enough pending Buy Orders to be filled by agressive Selling, so the price is likely to move down to the next batch. I also drew the Fibonacci Levels so you can see how the price reacts around these Levels. Watch the priceaction, when the 50% breaks, your next reasonable target where you can expect Profittaking of Sellers (I'm one of them) and serious Sellers exhaustion meating Pending Buy orders is around the 61.8% (red).
And again, look at the ema's.. very healthy downtrend, unbroken, RSI has room to go, the price is not "too cheap" for Sellers.


And finaly: the Sentiments...
...when everyone is screaming "buy", it is a good time to Sell.
95% of all Retail traders lose. Why would you want to be one of them?
When the Retail Sentiments are Long (they are), please click the other button, you will make money.
Do not run with the herd! The herd are Sheep. Lions lead, Sheep follow and they are lead to the slaughterhouse... Be a LION!

Scalping anyone?
It stands true for ALL timeframes. When the overall direction is Short, trade Short... common sense...

10 Minute Scalping Chart



Blessed is the man who studied John Murphy and knows his markets

I hope this helps someone out there...
Stop buying this.... be smart

I got a feeling , 1.15 handle will hold as lot of uncertainty and jaw-boning from ECB already priced in to her, slight sign of EURO zone economy stabilization will make her fly again, IMO

in line with CME group EURO investors added by 4.7K contracts yesterday.

Unless you are part of institution trader who has more information, the remaining retail trader runs on probability games. To be fair, everyone has their opinion and is free to share in this post for what this thread is created for. As for how much they lose or how quickly they quit the game, it is up to individual decision. It is nice that you shared your views and analysis but I don't think it is right that you are swaying those buyers.

Actually nobody here is screaming buy.. I was the only one or at least one of the first..

Meanwhile closed my quick long at 1.1552.. +20 pips (Waiting on sidelines for further bull development)

Stay Green

We have to think beyond this psychological term of 1.15

Short set up @ 1.1551. SL - little above todays high. Tp - 1.15

Lets see, Stay green.

I'm not posting this to "bash" anyone.
As I said, personaly I could not care less... but I do.

Long from 1.1528 and will hold , some part of my analysis says 1.15 will hold and chance of re-build from here, will only close if we lose 1.15 handle. If we enter the 4 Hr thik cloud again then will add more and shift my focus to log term.

I will watch 1.1579/84.. expecting resistance at that area..

Stay Green

my levels for today (D1):

Attachment g

In 4hr it doesn't look like it will go up at least for now.

Selling from 1.15 Handle is too risky to me as its been a strong support area and chances of strong rebound is always high ( also sudden spikes ), no shorting for me until we clear 1.1450, below 1.1450 we might be heading for the historic gap of last year's election time (and fundamentally EU will have to be badly damaged by that time). imo