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  • #34,681
  • Aug 14, 2018 9:05am Aug 14, 2018 9:05am
FWIW

the price action so far this week reeks of a trap being sprung! so id say keep your stops in sight

i'd be careful about initiating shorts from these levels on EU

the real move (whenever it happens) could be brutal for the bears...

im on the sidelines on EU for now; theres game in other places

DXY H1
Attached Image (click to enlarge)
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play safe

90% of people, are wrong about 90% of everything, 90% of the time...
  • #34,682
  • Aug 14, 2018 9:09am Aug 14, 2018 9:09am
The average swing is in the neighborhood of 80 ticks, the E/U just went 200+ in just over a day. We trade on a price axis and a time axis. Which of the two do you think got ahead of the other since last Thursday. So is price catching up with time or is time catching up with price?

We don't need to know the math, just understand the basic concept to adjust our expectations of price movement.
  • #34,683
  • Aug 14, 2018 9:12am Aug 14, 2018 9:12am
I guess the good direction north this week.
I bought. 1.1387
  • #34,684
  • Aug 14, 2018 9:13am Aug 14, 2018 9:13am
Notice key head & shoulders pattern breakout on weekly chart last week close
This thing is targeting 1.000 parity over the next few month. I suggest building an equity millipede
  • #34,685
  • Edited 9:36am Aug 14, 2018 9:16am | Edited 9:36am
opened LONG at 1.13794 will add if price drops to 1.13716 - 1.13743 tp1 1.1413 tp2 1.1433 tp3 1.1450
  • #34,686
  • Aug 14, 2018 9:19am Aug 14, 2018 9:19am
Quoting Sossos
The average swing is in the neighborhood of 80 ticks, the E/U just went 200+ in just over a day. We trade on a price axis and a time axis. Which of the two do you think got ahead of the other since last Thursday. So is price catching up with time or is time catching up with price? We don't need to know the math, just understand the basic concept to adjust our expectations of price movement.
Can certainly accept the point you´re making, all the same, this same principle didn´t seem to matter last April & last May. I try to follow the price and at the moment on an intra-day basis we´re making lower low´s and lower high´s. Sure I don´t believe that we´re done with consolidation yet, not yet. In the meantime, I´ll just stay/work the plan, my plan.

Best of luck to you with your trading.
  • #34,687
  • Aug 14, 2018 9:30am Aug 14, 2018 9:30am
The majority of the EU traders in FF are LONG, almost all of them are losing.
I think that after Daily S1 at 1.1371, the fall to 1.1300 is highly probable.
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  • #34,688
  • Edited 9:52am Aug 14, 2018 9:32am | Edited 9:52am
just perfect , just few pips down to 1.1372 much better , ok & may do so also in time as allied pains not did the sam & may try finish to go together . anyway , no closing my shorts to wait the full day !test longs started already for tp1 1.1422 , next leg down will scalp & next tp set 1.1481 , hope not possible before weekend!! tough to accomplish and in round bottom probable, will eat more time in all zigzags.take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #34,689
  • Aug 14, 2018 9:38am Aug 14, 2018 9:38am
Quoting Robinhood1
buying area 1.1365 doble bottom
Almost there
POSTMASTER
  • #34,690
  • Aug 14, 2018 9:41am Aug 14, 2018 9:41am
Quoting SallyB
{quote} Can certainly accept the point you´re making, all the same, this same principle didn´t seem to matter last April & last May. I try to follow the price and at the moment on an intra-day basis we´re making lower low´s and lower high´s. Sure I don´t believe that we´re done with consolidation yet, not yet. In the meantime, I´ll just stay/work the plan, my plan. Best of luck to you with your trading.
You seemed to have overlooked that after April and Mays big run down (down 900), price went comparably flat (275)and corrective for June and July. Time had to catch up to price. The scale is the difference, not the overall concept. Would it be hard to fathom that the time periods for each are about equal.

Where the rubber meets the road is that what I just described is analysis, that is different than trading. I have never studied Gann but he made an often quoted statement that went something like this. I don't care what the price is if I know WHEN a market is going to turn. The vast majority of traders only look at price and never consider time. In fact if you google trading time or trading by time etc....., you'll find damned little on the subject.
  • #34,691
  • Aug 14, 2018 9:47am Aug 14, 2018 9:47am
Quoting Robinhood1
{quote} Almost there

waiting for this level to short tp 1300
  • #34,692
  • Aug 14, 2018 9:51am Aug 14, 2018 9:51am
Quoting Sossos
{quote} You seemed to have overlooked that after April and Mays big run down (down 900), price went comparably flat (275)and corrective for June and July. Time had to catch up to price. The scale is the difference, not the overall concept. Would it be hard to fathom that the time periods for each are about equal. Where the rubber meets the road is that what I just described is analysis, that is different than trading. I have never studied Gann but he made an often quoted statement that went something like this. I don't care what the price is if...
You´re 100% correct. The vast majority of traders only look at price and never consider time. Interesting thoughts though.
  • #34,693
  • Aug 14, 2018 9:56am Aug 14, 2018 9:56am
Quoting bill1985
{quote} waiting for this level to short tp 1300
Attached Image
POSTMASTER
  • #34,694
  • Aug 14, 2018 10:01am Aug 14, 2018 10:01am
Quoting 4experience
{quote} additional sell 1.1410 SL 1419 for all
closed 1.1372
  • #34,695
  • Aug 14, 2018 10:01am Aug 14, 2018 10:01am
Quoting Robinhood1
{quote} {image}

yeaa i'm try'n to base my trades from Scotiabank levels ''fxstreet''


n view of FX Strategists at Scotiabank, short-term technicals keep pointing to the neutral side.
Key Quotes
“Spot is little changed after gaining modestly yesterday. The market remains effectively range bound, however. EURUSD found firm support in the mid/upper 1.13s this week but really needs to break recent peaks at 1.1430/35 to improve”.
“Sideways range trading suggests a stabilization in recent weakness but price action has not yet done enough to suggest a reversal higher is in store”.
“Market moves near-term will go with either a push below 1.1360 or a break above 1.1400”.
  • #34,696
  • Aug 14, 2018 10:05am Aug 14, 2018 10:05am
would following fxstreet going long from 1430 short from 1360 be advisable id like to base trades from these tweets keeps me up to date with levels & fundamentals and trend changes,
  • #34,697
  • Aug 14, 2018 10:06am Aug 14, 2018 10:06am
Bad luck, that when I try to catch a reversal it does not happen smoothly.
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yes yes yes
  • #34,698
  • Aug 14, 2018 10:18am Aug 14, 2018 10:18am
stop catching reversals, its much easier to join the big folks . 1.000 here we come
  • #34,699
  • Aug 14, 2018 10:22am Aug 14, 2018 10:22am
Early this morning with lethargic EU, I made nice trade in Platinum. Bought at the bottom at 800.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #34,700
  • Aug 14, 2018 10:23am Aug 14, 2018 10:23am
mkt has a long memory. Go back to fill the gap at 1.07 is in the cards. weekly H&S confirmation means the overshoot to parity is in the cards... not a time to be adding longs..just shorting any bounces..


all imo..
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