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  • #1,142,281
  • Aug 5, 2018 11:48am Aug 5, 2018 11:48am
Quoting shery
Technical outlook for EURUSD Monday: On 4-Hourly Chart: The rejection from 1.1616 support area seems to be continue upto 1.1675 resistance which is also a pivot level on Daily Chart from which the market could go downside other wise further upside pressure will continue upto 1.1745 area which is also a daily resistance. BUT if the price breaks above the 1.1745 area in H4 chart we could possibly see the the BULLISH trend reversal. {image} On Daily Chart: On D1 chart, Currently this pair is running below 20 day SMA and from the friday close, the candle...
Thanks for the tech analysis. The NFP last Friday was a miss weakening the USD a bit and I have to wonder how many rate hikes are already priced in. Most likely all of them by now. Global stocks still up but when they have a bad week EUR will rise.
Be humble or be humbled.
  • #1,142,282
  • Aug 5, 2018 2:46pm Aug 5, 2018 2:46pm
If you are tracking the EURUSD this week, consider this technical perspective.

On the daily time frame, the market is now in a support zone that has held on many occasions in the past, effectively since October 27, 2017. But any breach of the support by bears is not likely to lead to much southward drive as the immediate horizontal support is less than 100 pips southward and an ascending trendline (red) seen on the weekly time frame is still in play.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,142,283
  • Aug 5, 2018 8:11pm Aug 5, 2018 8:11pm
Bearish trend expected to continue soon would be testing support level at 1.1500.
  • #1,142,284
  • Aug 5, 2018 9:35pm Aug 5, 2018 9:35pm
Quoting OceanPips
I am trading this pair and have problem setting my take profit level. I am using MT5. I have a mental take profit level. When the price moves to within my take profit level, I want to set a take profit price. But the MT5 does not let me. It'll only let me set a take profit price that is larger than 4 pips from the current price. May I know if this restriction of not being able to set a take profit within 4 pips a MT5 feature, or a broker feature?
It's a restriction set by broker.
  • #1,142,285
  • Aug 5, 2018 9:38pm Aug 5, 2018 9:38pm
Quoting OceanPips
I am trading this pair and have problem setting my take profit level. I am using MT5. I have a mental take profit level. When the price moves to within my take profit level, I want to set a take profit price. But the MT5 does not let me. It'll only let me set a take profit price that is larger than 4 pips from the current price. May I know if this restriction of not being able to set a take profit within 4 pips a MT5 feature, or a broker feature?
you are probably setting the wrong price
  • #1,142,286
  • Aug 5, 2018 9:39pm Aug 5, 2018 9:39pm
Quoting OceanPips
I am trading this pair and have problem setting my take profit level. I am using MT5. I have a mental take profit level. When the price moves to within my take profit level, I want to set a take profit price. But the MT5 does not let me. It'll only let me set a take profit price that is larger than 4 pips from the current price. May I know if this restriction of not being able to set a take profit within 4 pips a MT5 feature, or a broker feature?
spread?
  • #1,142,287
  • Aug 6, 2018 12:27am Aug 6, 2018 12:27am
EU price stay in bearish zone and is below red trend line. In friday eu retested this trend line and print new HH but also today we can see new LL. Price is below daily open and weekly open! Bears should defend this price level 1.16324(Blue horizontal line) Only new fresh higher high and after that new higher low can change this downtrend. So until it does not happen. I stay with bearish view on euro.

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EU H1 chart
  • #1,142,288
  • Aug 6, 2018 12:39am Aug 6, 2018 12:39am
EUR/USD has breached the symmetrical triangle and sustain below it. It is still dominated by the bears and in coming hours we can see it reaching the 1.15386 level. Final target for the day is at 1.15183 level.
Attached Image (click to enlarge)
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  • #1,142,289
  • Aug 6, 2018 1:10am Aug 6, 2018 1:10am
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  • #1,142,290
  • Aug 6, 2018 3:15am Aug 6, 2018 3:15am
FX markets were range-bound overnight in which the USD index remained near the prior week’s highs above 95.00, while its counterpart languished with EUR/USD below 1.1600.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1550 (0.419 BLN), 1.1575-80 (0.602 BLN), 1.1600-05 (1.0 BLN) and 1.1640 (0.939 BLN).

Still waiting to see another opportunity to get back in the market.
  • #1,142,291
  • Aug 6, 2018 3:46am Aug 6, 2018 3:46am
Apologies if someone already posted this:

There may be support at 1.1550 which was the low of November 2017 but this was not the year low. Serious longer term trades could be possible from 1.15, the 2018 low. If we break that, it would be very significant as this was broadly speaking the highs of 2015 - 2016. From there we may test 1.07 or even lower.

Chart:

Attached Image (click to enlarge)
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Gone to a better place
  • #1,142,292
  • Aug 7, 2018 2:57am Aug 7, 2018 2:57am
Pending short at 1.1620 area.

I stay short on this pair.
  • #1,142,293
  • Aug 7, 2018 3:51am Aug 7, 2018 3:51am
The Greenback loses some momentum across the board (USD index around 95.200 vs 95.500+ yesterday). EUR/USD has bounced a bit further from Monday’s 1.1530 multi-week base towards 1.1600, but not quite testing the big figure, yet.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1550 (0.392 BLN), 1.1650 (0.220 BLN) and 1.1720-25 (0.829 BLN).

Got in later yesterday again @ 1.1555 on signs of weakness to the down side and with a first target @ 1.1684 and second target @ 1.1852.
  • #1,142,294
  • Aug 8, 2018 12:34am Aug 8, 2018 12:34am
My Intraday Outlook.
(ahead London)

Nice bull bounce on 1.1530 "bottom" zone.
EUR/USD at the top of the bullish channel and some resistance zone around the Weekly Pivot 1.1627

Intraday resistance :
- 1.1632 - 50 - 60
Intraday support :
- 1.1619 - 00

Initial intraday plan: Maybe too stretched upwards, I'll sell the resistances, 1.1627 included

Have a great trading day, you all!
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Member
  • #1,142,295
  • Aug 8, 2018 12:43am Aug 8, 2018 12:43am
Quoting Dingoman-two
{quote} GIVEN OUT HIGH PRAISE THERE MY FRIEND, GOOD ON YA
My point was that proven good ideas seem invisible ...
Cheers, Brian!
Member
  • #1,142,296
  • Aug 8, 2018 2:18am Aug 8, 2018 2:18am
[quote=TudorIoan;11343388]My Intraday Outlook. (ahead London)
Thank you for your daily careful analysis.

my Swing outlook
1. 1.1638
2. 1.1440
3. 1.1620
4. 1.1500
5. 1.19++
6. 1.1400

So it is jacket like pants what you trade between 1.1600 and 1.1500
  • #1,142,297
  • Aug 8, 2018 2:24am Aug 8, 2018 2:24am
Buying EU here at 1.1620
Tp 1.16271
Sl. 1.16096
Will martingale is sl hit and ride sell side for 7x larger lot.
Judge me based on % return
  • #1,142,298
  • Aug 8, 2018 2:26am Aug 8, 2018 2:26am
The USD index was subdued after the prior day’s softness and eyes a retest of the 95.00 level to the downside, while its counterparts were eventually underpinned after the Chinese trade data in which EUR/USD gained a firmer footing above the 1.1600 handle.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1500-10 (1.0 BLN), 1.160-15 (0.600 BLN), 1.1645 (0.481 BLN) and 1.1700 (0.554 BLN).

So far so good on my long position opened @ 1.1555 and with a first target @ 1.1684 and second target @ 1.1852.
  • #1,142,299
  • Aug 8, 2018 2:39am Aug 8, 2018 2:39am
Quote
=Isabella_D;11343801]=TudorIoan;11343388]My Intraday Outlook. (ahead London) Thank you for your daily careful analysis. my Swing outlook 1. 1.1638 2. 1.1440 3. 1.1620 4. 1.1500 5. 1.19++ 6. 1.1400 So it is jacket like pants what you trade between 1.1600 and 1.1500
I'm not sure I understand what you mean
Wide targets are important only if you buy bananas for your monkey only with pips not money

A scalper can make $100 trading 10 pips with 1 Lot, while a swinger need to "run" 100 pips with 0.1 Lot for the same money...
Is all about the risk percentage from your account size, trading style, trading costs... is not about target size !

Intraday trading is no jacking-off, honey

Anyway, nice swing view, thanks!
Member
  • #1,142,300
  • Aug 8, 2018 2:57am Aug 8, 2018 2:57am
tight...

Good morning Tudor.
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trading is simple but is simple is not easy.
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