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  • #28,081
  • Jul 11, 2018 2:29pm Jul 11, 2018 2:29pm
Quote
can anybody explain why the market fell so much after the market rallied 60 points without reasoning just to fall another 100 points without any news announcement .....this is so frustrating

as I understand eurusd feel because USD data better than epxected. Core PPI m/m and PPI m/m.

DId not read what was there: FOMC Member Bostic Speaks, maybe also influence.

Quote
with the tariffs based shakes in the US Equity markets and a still too weak Goldmarket and a very strong crude oil price (strengthening the USD), money flows back into cash (USD)

why tarrifs make dollar stronger? Some said I heard trade wars will be bad for dollar.
Weak gold - does it raise the dollar or the strong dollar moves down gold?
WHy strong oil price raises dollar? Is it because oil is traded only in dollars? If one side of pair rises - another falls. So if oil rises, dollar should fall. Like if dollar rises gold, and eur falls. But when OIL still rises when dollar rises, then oil is super expensive that means.
  • #28,082
  • Jul 11, 2018 2:36pm Jul 11, 2018 2:36pm
The did is done. Our question should rather b what next? Is this the beginning of the downward continuation to 1.5 or is there gonna be a reversal.
Thank God, at least there is hope
  • #28,083
  • Jul 11, 2018 2:37pm Jul 11, 2018 2:37pm
EU daily chart update
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d1.PNG Size: 46 KB
Self discipline It is a practice
  • #28,084
  • Jul 11, 2018 2:45pm Jul 11, 2018 2:45pm
Quoting okshop
EU daily chart update {image}
Meaning, it going all d way down, I think?
  • #28,085
  • Jul 11, 2018 2:51pm Jul 11, 2018 2:51pm
Quoting Ata-Turkoglu
{quote} Next Support: 1.1680 then if it breaks: 1.1650.. Stay Green

I see a gap around the 1.081/1.077 area,

Anyone think we can get down to this level ?????

retracement fibs in the daily chart put it smack dab in the middle of my 78.6 fib

More down side methinks
  • #28,086
  • Edited 3:34pm Jul 11, 2018 2:57pm | Edited 3:34pm
Imho the only we can do to prevent stop loss hunting is to proper place stop losses.

This means above actual LH's going short and below HL's going long, this means only above / below the one's that produced a NSL or NSH afterwards. Between those two points this is only more complex correction and should be threated as such.

This is just my system rule. This means for the next entry I'll be looking for short between the latest NSL and the LH, this means stop loss above 17578x.

Just a tip, you trade your own plan, but maybe it can help. Putting the rules on paper and doing it consistently will remove emotions, you know exactly what you need to do.
Fear of missing out and revenge trading are number #1 reason why traders lose money.
It's the truth that you don't have to know what the market is going to do next in order to make money, you have to get yourself under control and follow your rules. Price prints NSL, look for shorts, price prints NSH, look for longs. You can decide to go counter when you see a REASON (I like harmonics) and in the case below I would have gone long at C and moved S/L to B/E at MAP, meanwhile not touching my S/L when I took short.
Only more evidence on a working system.

Grtz
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 88 KB
What's that smell? ---- I smell money!
  • #28,087
  • Jul 11, 2018 3:02pm Jul 11, 2018 3:02pm
Quoting C-12
{quote} Yeah definitely. If you're finding it frustrating running trades on EU you can try banking your pips more quickly and regularly. Especially EU which I'd say is more of day trading / scalping pair and not very well suited to trend trading. The crosses trend better. The higher timeframe (Daily and H4) I use as a heads up on intraday direction.
I disagree. It's hard to find better trending pairs than eurusd or gbpusd. Sure, fiber is very tricky, probably one of the trickiest pairs because it is most traded but when it starts trending...good luck stopping it.
  • #28,088
  • Jul 11, 2018 3:04pm Jul 11, 2018 3:04pm
Bullish till tomorrow.correction complete
  • #28,089
  • Jul 11, 2018 3:06pm Jul 11, 2018 3:06pm
don kno what happened that spike up thru me for a loop i guess + PPI moved the price lower wish i just sorted this data
  • #28,090
  • Jul 11, 2018 3:30pm Jul 11, 2018 3:30pm
Quoting purevenom
{quote} I have a weak heart.i mostly take 1 position at a time
No Shame in that
Whats it all about anyway?
  • #28,091
  • Jul 11, 2018 3:56pm Jul 11, 2018 3:56pm
Expect a possible spike up tonight.1hr chart full bullish wave or retracement underway.depending on the volume it unfolds
  • #28,092
  • Jul 11, 2018 4:05pm Jul 11, 2018 4:05pm
intraday scalping in h1 ; its buy time but i am going to sleep and no have trade
good night dear friends
  • #28,093
  • Jul 11, 2018 4:30pm Jul 11, 2018 4:30pm
fresh zone, it still plays by the book
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-2018-07-11_23-22-56.png Size: 100 KB


guess who missed this one because I was not at the charts. My old friend lost his final battle today.
Death and Price.... both are reality. Anything in between is illusion.
Travel safe my dear old friend, wherever you may roam. Rock on
you are not expected to understand this
  • #28,094
  • Jul 11, 2018 4:34pm Jul 11, 2018 4:34pm
Quoting Teek
fresh zone, it still plays by the book {image} guess who missed this one because I was not at the charts. My old friend lost his final battle today. Death and Price.... both are reality. Anything in between is illusion. Travel safe my dear old friend, wherever you may roam. Rock on
My sincere condolences...
/r
  • #28,095
  • Jul 11, 2018 4:35pm Jul 11, 2018 4:35pm
Quoting SPeedFANat1c
{quote} as I understand eurusd feel because USD data better than epxected. Core PPI m/m and PPI m/m. DId not read what was there: FOMC Member Bostic Speaks, maybe also influence. {quote} why tarrifs make dollar stronger? Some said I heard trade wars will be bad for dollar. Weak gold - does it raise the dollar or the strong dollar moves down gold? WHy strong oil price raises dollar? Is it because oil is traded only in dollars? If one side of pair rises - another falls. So if oil rises, dollar should fall. Like if dollar rises gold, and eur falls....
I can only advice you- forget the news, it's a way to nowhere.
  • #28,096
  • Edited 5:02pm Jul 11, 2018 4:39pm | Edited 5:02pm
Quick H4 Outlook (Update)

Somebody asked what is next and below I showed in a nutshell what levels could be next until Frankfurt opening:

  1. Probably the drop will continue. But 1.1688/1.1707 area might get retested beforehand.
  2. Nearest bearish targets sit at the 1.1642/55 zone.
  3. And finally a break through 1.1624 can activate a much larger bearish continuation.

I hope it helps..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-H4-Outlook.png Size: 44 KB
Focus only on what truly matters!
  • #28,097
  • Jul 11, 2018 4:44pm Jul 11, 2018 4:44pm
done for today, let's see what tomorrow brings us
good night fam
  • #28,098
  • Jul 11, 2018 5:32pm Jul 11, 2018 5:32pm
EURUSD Sell limit 1.1690/1.1715
TP1:1.1650
TP2:1.1635
SL:1.1750
Signal 2 (2018/07/12)
Attached Image (click to enlarge)
Click to Enlarge Name: eeeeeee.jpg Size: 384 KB
  • #28,099
  • Jul 11, 2018 6:00pm Jul 11, 2018 6:00pm
expect pullback at 1620 to add to shorts. before strong daily/monthly support expected close at 1550 by end of week. heavy shorts from 1740 and 1729
  • #28,100
  • Edited 11:13pm Jul 11, 2018 6:17pm | Edited 11:13pm
Quoting Moty
{quote} We are above the monthly , WEEKLY and daily Pivot Points, with the breakout of the W center, the RSI oscillator IS positive, it is not only a good time, it is a perfect time. Do not think I'm Laughing at you, I'm just trying to save you. Wait for 1.18150 {image}
Quoting Moty
{quote} it's All good my friend, as you can see I'm still in the profit zone, I believe we will see the 1.18 area {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 25569E1C-A579-4E6B-BBE6-8EF16F1B241D.jpeg Size: 144 KB


i dont care if you are still in your “desired” profit zone but let’s admit you are lost, the hero who make his call 9 hours ago & yell everyone that “this is the perfect moment” to buy

as what i have said earlier,

whenever Moty comes up with a post, it is probably gonna be a lose trade...heck, even his trading method is questionnable & raise reg flag, seriously, so many buy orders with no SL? i get it, you are “hoping” for market to turn, but the logic is clear now: you’re lost, hero, and your setup is totally invalidated

we dont need you to save us, but pls allow me to save you from gambling

whenever i saw your “perfect reasoning” and “perfect buying time”, i always laugh so hard because clearly you don’t know what you are doing in the market, the only thing i can relate is the gambler’s fallacy to your “trading” behavior
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