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  • #50,081
  • Oct 3, 2018 8:47pm Oct 3, 2018 8:47pm
Quoting tashkent
{quote} there could be 20-25 pips bounce at these levels but i think it is safer to stay away from buying right now before the leg is complete
What's your description/characteristics of a complete leg?
How can one tell that the leg has been completed?
This is not investment/trading advise. Will not hold accountable for loss
  • #50,082
  • Edited 9:18pm Oct 3, 2018 9:08pm | Edited 9:18pm
mrmalik1 I see your nick down there ,, The mid points between the weekly standard pivots are areas to kinda watch too on this pair ,, the ext levels many times will be right at a mid point ,, can be a turning point or the very least an area to tighten your stop or take some profit ,, I took it long for both those reasons ,,plus it is a weekly low profit taken on some rest the stps are in the money a couple clicks ,,,, on to the next ones these have done their job and whats left either make more or only a couple clicks either way done and on to the next set up
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  • #50,083
  • Oct 3, 2018 9:09pm Oct 3, 2018 9:09pm
Quoting yousername
{quote} What's your description/characteristics of a complete leg? How can one tell that the leg has been completed?
simply put, you can call the swing s/r levels as legs, like waves. now we broke the 1.151x level so theoretically the 1.13x will complete the current leg, which started on sep 24-25. before that, i guess we will visit the 1.151x.
there are too many "if"s in this game, this is why i hate to make any predictions, rather prefer to follow the market where ever it takes.
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As Above, So Below
  • #50,084
  • Oct 3, 2018 9:35pm Oct 3, 2018 9:35pm
Quoting Dingoman-two
{quote} wow dame pooter has been down due to up grading of the NBN here in Australia, and look at what it has done, missed it all again, this is the story of my life, it's just like my lotto numbers, they always appear in the box next to the one that i have, go figure So this down fall is not over, so ill say it again look to the 1.1300 area folks

Next strong support should be at 1.14064 area being the 79.5% fib point,

=
  • #50,085
  • Oct 3, 2018 9:52pm Oct 3, 2018 9:52pm
Quoting evilglory
sold just below daily R1 Target daily S1 will change target to just above S2 at 1.1470 if price action around S! looks promising happy trading everyone! will change long if heavy rejection at S1 {image}
OMG! woke up to a nice surprise. i know i said TP 1.1470, should have just place in below the S2 level around 1.1468. defaq, happy with the trade as it is. still have a 0.1 lot in as i forgot to put a TP. just letting it float atm, missed out on the swap last night, thats $30 bucks. zzzz


checking my chart now. still bearish i think, not much of a retrace since its asian session now. let see what LO brings. expect more swings as Italy vs EU on budget issue along with the rest of the other countries budget submission in future. it will be interesting few months.

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loss 100k in Forex, up 1k, still have 99% to go!!
  • #50,086
  • Oct 3, 2018 9:57pm Oct 3, 2018 9:57pm
The Magnetic line from this morning was 1.1464 so I am going to close now at 1.1469 (Short from 1.1513) and head to bed.

Nice day of trading (plus some nice pips from another unmentionable pair) Cheers Y'all
  • #50,087
  • Oct 3, 2018 10:13pm Oct 3, 2018 10:13pm
wow is almost 7 bearish candles for daily.
  • #50,088
  • Oct 3, 2018 10:17pm Oct 3, 2018 10:17pm
Quoting kodebfx
wow is almost 7 bearish candles for daily.

Expect a very strong reversal when it come's,my friend


  • #50,089
  • Oct 3, 2018 10:29pm Oct 3, 2018 10:29pm
Quoting kodebfx
wow is almost 7 bearish candles for daily.
Yeah, saw that earlier today. Made me scroll back to late 2016 to see others. There’s a few between today and 22 months ago. Food for thought, but price don’t care about any of that. Haha
A snails pace wins the race :-)
  • #50,090
  • Oct 3, 2018 10:32pm Oct 3, 2018 10:32pm
Will be extra careful on shorting....will wait and monitor
  • #50,091
  • Oct 3, 2018 10:37pm Oct 3, 2018 10:37pm
Quoting JustPipMe
{quote} Yeah, saw that earlier today. Made me scroll back to late 2016 to see others. There’s a few between today and 22 months ago. Food for thought, but price don’t care about any of that. Haha
true but statistics is very important. i give more importance to atr but the number of consecutive same color candles also needs to be taken into consideration.
As Above, So Below
  • #50,092
  • Oct 3, 2018 10:44pm Oct 3, 2018 10:44pm
Hello Guyz, Where will be the next support in case the down trend continue?
  • #50,093
  • Oct 3, 2018 10:51pm Oct 3, 2018 10:51pm
wow, just saw this move. I normally take off Wednesday after London close before NFP as it's boring.

But look at this move on Fed speak. Nothing new in speech so I am making assumption for NFP numbers. I will play the move BEFORE NFP. I am usually flat for NFP so I am highly confident in this. Hope to make a killing.
Ecclesiastes 1:9
  • #50,094
  • Oct 3, 2018 10:58pm Oct 3, 2018 10:58pm
Quoting moneymagnet
FX STREET Looking ahead, there are a few reasons why we think the dollar's rally is durable - The US economy is strong and non-farm payrolls will confirm that - The employment component of the non-manufacturing ISM report rose for the third consecutive month and this uptick suggests that payroll growth could exceed 200K in September Hawkish Fed comments - A number of Fed officials spoke today and many of them seem see significant upside risk to inflation. Fed Chair Powell in particular believes that the expansion can continue for quite some time....
Couldnt agree more. I personally don't get people looking for longs going to 1.19 or 1.2... based on what???
  • #50,095
  • Oct 3, 2018 11:15pm Oct 3, 2018 11:15pm
Quoting PayTheLimit
despite my recent bearishness, just took some longs at 1.1680, risking 20...we have flagged on top of that up move last night...


walked right into my own resistance, and it cost me....cause I was too busy looking at the hourly chart...damn it...
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Look Sharp/Trade Tight
  • #50,096
  • Oct 3, 2018 11:56pm Oct 3, 2018 11:56pm
Quoting digger1
mrmalik1 I see your nick down there ,, The mid points between the weekly standard pivots are areas to kinda watch too on this pair ,, the ext levels many times will be right at a mid point ,, can be a turning point or the very least an area to tighten your stop or take some profit ,, I took it long for both those reasons ,,plus it is a weekly low profit taken on some rest the stps are in the money a couple clicks ,,,, on to the next ones these have done their job and whats left either make more or only a couple clicks either way done and on to the...
Thanks bro to keep me updating for the new and good tips. I am using Fibonacci pivots and normal weekly pivots. As far as I have noticed WS/R1 on normal pivots is S/R61 on the fib pivots
WS/R2 of Normal pivots is S/R100 on the fibs pivots so S/R78 on fib is almost mid pivot so is S/R38 is almost middle of the pivot point and S/R1
If you have an other way to do it better please let me know.
I was on mobile and just seen your post. I really appreciate you effort and help to learn me more valuable things.
Thanks and regards.
MRMALIK1
  • #50,097
  • Oct 3, 2018 11:58pm Oct 3, 2018 11:58pm
Price is heading towards 1.13440/1.13315.

TP 1 - 1.13440
TP 2 - 1.13315

SL - Based on your analysis.

I`ll see you guys there.
  • #50,098
  • Oct 4, 2018 12:02am Oct 4, 2018 12:02am
Quoting Alorente
{quote} You are not on my ignore list.
That's the biggest ignore list I've ever seen!
Good Trading
  • #50,099
  • Oct 4, 2018 12:03am Oct 4, 2018 12:03am
Quoting PayTheLimit
{quote} walked right into my own resistance, and it cost me....cause I was too busy looking at the hourly chart...damn it... {image}
monthly says parity is on the cards:-)
If you are new to Forex? Say Goodbye to your account!!
  • #50,100
  • Oct 4, 2018 12:18am Oct 4, 2018 12:18am
Quoting aud
{quote} That's the biggest ignore list I've ever seen!
I made the cut. Thanks for the tip. I will clock this trader, big ignore list usually tip to trade mentality
Ecclesiastes 1:9
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