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EURUSD only

Quoting TudorIoan
EUR/USD 4 days bullish trend. I'd buy the lows: 1.1700 - 1.1719 ...and TL {image}
Same here TudorIan resistance has been broke sucesfully i hope she will turn into support green week for you all!
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Quoting mizi123
{quote} Same here TudorIan resistance has been broke sucesfully i hope she will turn into support green week for you all! {image}
Resistance becomes support once it is confirmed.
No confirmation yet, price simply got pushed slightly above the 23.6 Retracement by news late friday and hovers around it, which explains the close.
We need to wait and see what:
- Asia does
- London Open does
Until then, it is too early to make any predictions and I rather wait if this Minor Resistance can become Minor Support. If it does, I scalp it up towards the Supply (until I see the Pending Sell Orders on the DOM)
Sure we had strong bullish momentum (news driven), but I'd still be very careful with any Long trades. (except for scalping the Dips)
Smart Money might execute after Asia pushing for a better price to sell and always keep in mind you are buying into very strong Supply up there.
It needs serious Buyers agression to wipe these out.

H4 - (yeah the "lights" are back...)
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you are not expected to understand this
Quoting Teek
{quote} Resistance becomes support once it is confirmed. No confirmation yet, price simply got pushed slightly above the 23.6 Retracement by news late friday and hovers around it, which explains the close. We need to wait and see what: - Asia does - London Open does Until then, it is too early to make any predictions and I rather wait if this Minor Resistance can become Minor Support. If it does, I scalp it up towards the Supply (until I see the Pending Sell Orders on the DOM) Sure we had strong bullish momentum (news driven), but I'd still be very...
I have said i hope (wich it means to wait) i agree with everything Teek
Quoting Teek
{quote} Resistance becomes support once it is confirmed. No confirmation yet, price simply got pushed slightly above the 23.6 Retracement by news late friday and hovers around it, which explains the close. We need to wait and see what: - Asia does - London Open does Until then, it is too early to make any predictions and I rather wait if this Minor Resistance can become Minor Support. If it does, I scalp it up towards the Supply (until I see the Pending Sell Orders on the DOM) Sure we had strong bullish momentum (news driven), but I'd still be very...
My view: its go up to 38 fibo, then drop back
[email protected] om
Quoting mizi123
{quote} I have said i hope (wich it means to wait) i agree with everything Teek
I did read "has been broke successfully", which in my humble opinion is not the case before it is confirmed.
We could speculate on the confirmation, with good reason, if we believe in a followup to the thursday/friday bullish momentum,
but as a pricetrader I can not trade "speculate / believe".
I also tend to ignore words like "hope" when it comes to trading. (bigtime, I hate it, I get bloodpressure when I hear it, freaks me out)
Price will tell, and price will demand the actions that we need to take, as usual

Quoting Profess
{quote} My view: its go up to 38 fibo, then drop back
I share your view, but I trade it when I see it.
Candles light the path in the darkness
you are not expected to understand this
Confirmation is always the hardest part of trade.
because in vain there is a certain looking situation if there is no confirmation.
Quoting Teek
{quote} Trading is about longterm probability and consistancy. Your goal must be to Stop "making small deposits as usual". I mean, ok, you are playing with a little bit of change to get some skin in the market and learn. That's totaly fine, but let me tell you something: you don't need to trade two 6 figure portfolios plus a personal account in order to get it right. Accountsize does not matter and every penny exposed to the marrkets must be treated the same way. One Asset is one Asset, no matter what. (Asset = a Dollar, a Euro... whatever) I trade...
@moty's assessments were often accurate and well founded. I would like to encourage him to continue to publish here because I participate in it.
Hi Guys,

Whether we use words " I hope, it will or it should get there" is all speculative. At the end of it all, we do not know where price will go...No one does, yeah We all trade our trades. Ultimately I congratulate all who contribute here. There is no right or wrong in forex. Yes we trade our edges, but it does go wrong from time to time. We are all speculators because we think price should go to a certain point..If it doesn't, well we get it wrong. As simple as that. I look at forecasts from famous traders and believe me they get it wrong. The most important factor here is money management and your own stress tolerance. Can you get yourself out of shit by not taking stops?. Can you get yourself out of shit taking too many stops in a row? Can you get get yourself out of shit by taking high leverage trades. The buck stops with you and at the end it is all up to the individual.

I look forward to the new week.

Happy trading
Trade to trade another day
Quoting Isabella_D
{quote} @moty's assessments were often accurate and well founded. I would like to encourage him to continue to publish here because I participate in it.
Isabella, thanks for your support .
have you seen what happened here? I just threw a word, and I got hammered here
From all directions, I did not even understand where it came from.
They do not understand that right now I'm with $ 110 in the account, and I'd rather stay at 0.2 lbs and if the price goes to 1.17200 or even 1.1690 I'm going back to the money rather than going in and out and earning a double-piped leverage of 0.1.
So I said hope, wow big deal.
It is not that I pray for a miracle, but rather a logical move that happens at a high frequency, Pull Back, to an area who was a resistance and maybe became support
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Jeeez guys really.
I did not intent to "hammer" anyone.
What is going on with you guys.. all girlie lately, really
man oh man alive...
you are not expected to understand this
Quoting Moty
{quote} Isabella, thanks for your support . have you seen what happened here? I just threw a word, and I got hammered here From all directions, I did not even understand where it came from. They do not understand that right now I'm with $ 110 in the account, and I'd rather stay at 0.2 lbs and if the price goes to 1.17200 or even 1.1690 I'm going back to the money rather than going in and out and earning a double-piped leverage of 0.1. So I said hope, wow big deal. It is not that I pray for a miracle, but rather a logical move that...
Yes is OK. As I said, I like reading from you - clear, good pictures, in time. Feel free to post. You do not have to justify yourself. If someone is not sure about your posts, he can ask you directly. without teaching. Looking forward to read more sometimes.
Week Update :

Fundamental:
Trade tensions between the US and China will likely continue weighing on market's mood this upcoming week, as the macroeconomic calendar will be lighter, with only German and US inflation outstanding. On Monday, German Trade Balance and the EU Sentix Confidence Index for July, are the only relevant scheduled news.

Technical
The longer term perspective shows that the latest recovery remains corrective, as it barely surpassed the 23.6% retracement of its April/May slump at around 1.1720, now the immediate support, imo. The advance could continue according to readings in the daily chart, as the price also settled above its 20 DMA, while technical indicators maintain a strong upward momentum within positive levels. In the 4 hours chart, the pair is also biased higher despite partially losing its upward momentum at the end of the week, as technical indicators flattened near overbought readings, but the price ended above all of its moving averages, and with the 20 SMA maintaining its bullish slope after crossing above the larger ones. The upward potential will fade on a break below 1.1720 while additional gains should be expected on an advance beyond 1.1767, Friday's high, with scope then to extend its advance up to 1.1855, the 38.2% retracement of the mentioned slide and where the pair found a top, post-central banks.

Best wishes for the new week my friends. Hope all will end green
Trades technical moves enforced by fundamentals
H1 Chart - Sunday Pre-Open
Attached Image
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
lets trade
Hey Guys According to my idea EURO/USD is on Strong buy, what are your suggestions my fellow traders??
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Quoting Hybridfx
Hey Guys According to my idea EURO/USD is on Strong buy, what are your suggestions my fellow traders?? {image}
New week , mkt has been open for an hour and a half . Gyrating 10 pips below a weekly high, probably not the best time to do anything other than manage a trade your already in ,, , if short from last weeks R1 your slowly bumping your stop down to near even , if long from last bounce area 17ish area your bumping it up, strong buy or not there will be better spots to get in than a weekly high
Quoting digger1
{quote} New week , mkt has been open for an hour and a half . Gyrating 10 pips below a weekly high, probably not the best time to do anything other than manage a trade your already in ,, , if short from last weeks R1 your slowly bumping your stop down to near even , if long from last bounce area 17ish area your bumping it up, strong buy or not there will be better spots to get in than a weekly high
Okay Thanks for your reply and your contributions
Quoting Teek
{quote} Resistance becomes support once it is confirmed. No confirmation yet, price simply got pushed slightly above the 23.6 Retracement by news late friday and hovers around it, which explains the close. We need to wait and see what: - Asia does - London Open does Until then, it is too early to make any predictions and I rather wait if this Minor Resistance can become Minor Support. If it does, I scalp it up towards the Supply (until I see the Pending Sell Orders on the DOM) Sure we had strong bullish momentum (news driven), but I'd still be very...

I agree as well Teek with the view of the 38% fib area if broken then we could see a serious bullish reversal take hold


cheers
Quoting Dingoman-two
{quote} I agree as well Teek with the view of the 38% fib area if broken then we could see a serious bullish reversal take hold cheers
u mean i am the only one who feels buying at this level means getting married ? i mean noose around neck
We learn new things daily
it certainly takes commitment to go long, given the negative swap in buying EURUSD
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