What's that smell? ---- I smell money!
- #27,202
- Jul 4, 2018 5:15am Jul 4, 2018 5:15am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Trades technical moves enforced by fundamentals
- #27,203
- Jul 4, 2018 5:20am Jul 4, 2018 5:20am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
This down-leg today might not not sustain as the EU data is somewhat positive, IMO
there is Support, there is Resistance, there are the Buy Orders (Demand), there are the Sell Orders (Supply), there are the Retailer Stops...
Then a little Priceaction: a nice bearish engulfing forms, does a pullback, retests the Resistance, loss of bullish Momentum, Supply kicks in...
have no opinion. Opinions only blind you for the only thing that matters in trading: Price
Buy when it's cheap, Sell when it's expensive. That's really all you need to do in the long run.
you are not expected to understand this
- #27,204
- Jul 4, 2018 5:30am Jul 4, 2018 5:30am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
This down-leg today might not not sustain as the EU data is somewhat positive, IMO
Plus Cable can act as the rescuer
Trades technical moves enforced by fundamentals
- #27,205
- Jul 4, 2018 5:32am Jul 4, 2018 5:32am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
{quote} opinions opinions.... there is Support, there is Resistance, there are the Buy Orders (Demand), there are the Sell Orders (Supply), there are the Retailer Stops... Then a little Priceaction: a nice bearish engulfing forms, does a pullback, retests the Resistance, loss of bullish Momentum, Supply kicks in... have no opinion. Opinions only blind you for the only thing that matters in trading: Price Buy when it's cheap, Sell when it's expensive. That's really all you need to do in the long run.
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
- #27,206
- Jul 4, 2018 5:36am Jul 4, 2018 5:36am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} opinions opinions.... there is Support, there is Resistance, there are the Buy Orders (Demand), there are the Sell Orders (Supply), there are the Retailer Stops... Then a little Priceaction: a nice bearish engulfing forms, does a pullback, retests the Resistance, loss of bullish Momentum, Supply kicks in... have no opinion. Opinions only blind you for the only thing that matters in trading: Price Buy when it's cheap, Sell when it's expensive. That's really all you need to do in the long run.
lol
, so far opinion keeps me going 
.. I only short on daily basis when things are bad on daily basis 
same goes for buy , I am not in love or hate with any SP Trades technical moves enforced by fundamentals
- #27,207
- Edited 5:52am Jul 4, 2018 5:42am | Edited 5:52am
- Joined May 2015 | Status: Trader | 1,148 Posts
{quote} opinions opinions.... there is Support, there is Resistance, there are the Buy Orders (Demand), there are the Sell Orders (Supply), there are the Retailer Stops... Then a little Priceaction: a nice bearish engulfing forms, does a pullback, retests the Resistance, loss of bullish Momentum, Supply kicks in... have no opinion. Opinions only blind you for the only thing that matters in trading: Price Buy when it's cheap, Sell when it's expensive. That's really all you need to do in the long run.
Nah Boring,
Here is my opinion
We don't buy against strong bearish orderflow until we see exhaustion. On the bullish side I do see exhaustion.
1.15 is a strong support and will act as a magnet, I would think those orders will be right around there so maybe that's where the demand will kick in.
That is what's called acummulation phase. Don't expect price to turn immediatly to the upside for the longer term after this big downtrend.
Positive EU data is good but to immediatly act as catalyst against HIGHER interest rates in the US is maybe a bit premature.
So let's wait for Bad US news, their economy is about to collapse imo.
Grtz
What's that smell? ---- I smell money!
- #27,209
- Jul 4, 2018 5:52am Jul 4, 2018 5:52am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} Plus Cable can act as the rescuer
Lookie here > https://www.forexfactory.com/showthr...5#post11228595
I'm out for the day. Got my one good trade on a day that is expected to be slow (US holiday), made me Pips while being away from the charts, that's always the best thing...
I am happy, feeling fine, I got sunshine....
Good luck and happy trading
you are not expected to understand this
- #27,210
- Jul 4, 2018 5:56am Jul 4, 2018 5:56am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} the Cable just hit a major Supply zone located right under strong Resistance. Lookie here > https://www.forexfactory.com/showthr...5#post11228595 I'm out for the day. Got my one good trade on a day that is expected to be slow (US holiday), made me Pips while being away from the charts, that's always the best thing, am happy, got sunshine, feeling fine... Good luck and happy trading
I am long from 1.1632, looking for at least 1.166 area. Have a nice day man .
Trades technical moves enforced by fundamentals
- #27,211
- Jul 4, 2018 5:58am Jul 4, 2018 5:58am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} I am long from 1.1632, looking for at least 1.166 area. Have a nice day man .
"So let's wait for Bad US news, their economy is about to collapse imo."
the entire world is about to go t*ts
"Deep in their hearts, everyone is waiting for the end of the world to come" ~ Haruki Murakami
you are not expected to understand this
{quote} opinions opinions.... there is Support, there is Resistance, there are the Buy Orders (Demand), there are the Sell Orders (Supply), there are the Retailer Stops... Then a little Priceaction: a nice bearish engulfing forms, does a pullback, retests the Resistance, loss of bullish Momentum, Supply kicks in... have no opinion. Opinions only blind you for the only thing that matters in trading: Price Buy when it's cheap, Sell when it's expensive. That's really all you need to do in the long run.
yeah and do you want to enlighten us when we should know when its cheap to buy and sell..... also with good data coming out today the market should of went up... why did it fall. pure market manipulation
- #27,213
- Jul 4, 2018 6:03am Jul 4, 2018 6:03am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} yep, should happen.. 10 Pips be yours mate, I think it's gonna be ranging there, take care
Trades technical moves enforced by fundamentals
- #27,214
- Jul 4, 2018 6:09am Jul 4, 2018 6:09am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #27,215
- Jul 4, 2018 6:19am Jul 4, 2018 6:19am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} yeah and do you want to enlighten us when we should know when its cheap to buy and sell..... also with good data coming out today the market should of went up... why did it fall. pure market manipulation
Since when do I post very clean and clear charts in here?
"also with good data coming out today the market should of went up..."
this is a serious missunderstanding of underlaying market fundamentals
"why did it fall. pure market manipulation"
and this is a serious lack of understanding what and how a price moves and how a market functions
Get your education right, put 20 years of nonstop work into it, and maybe you be enlightend.
Or blame the markets, that's always a bright idea.
Have a nice day
you are not expected to understand this
- #27,217
- Jul 4, 2018 6:25am Jul 4, 2018 6:25am
- | Joined Apr 2010 | Status: Trader | 1,488 Posts
{quote} Or blame the markets, that's always a bright idea. Have a nice day
- #27,219
- Edited 7:27am Jul 4, 2018 6:42am | Edited 7:27am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips