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  • #24,921
  • Oct 12, 2018 8:32am Oct 12, 2018 8:32am
close above 1553 and 1510.. I closed my short. possible Long 1520/16/10. the higher day and week close leads me to believe i can short again 16xx..next week.. maybe 1624xx..
those who can, do. those who cant, talk about those who can
  • #24,922
  • Oct 12, 2018 8:36am Oct 12, 2018 8:36am
pending L 1520, 1516 +2... stop 1308.. next week,, or short 16xx by ear.. atm possible scalp short to target 1520 (or what's given) after 1571..possible R at 1570.. so stop can be a few above 1571 tight..
those who can, do. those who cant, talk about those who can
  • #24,923
  • Oct 12, 2018 8:37am Oct 12, 2018 8:37am
Quoting gatorinla
close above 1553 and 1510.. I closed my short. possible Long 1520/16/10. the higher day and week close leads me to believe i can short again 16xx..next week.. maybe 1624xx..
I just added more shorts here 1667... H1 downtrend started 1 hour ago.. I have time to make some money in shorts...I will keep adding shorts unless it can close 1607 above at H1 close...
Attached Image
  • #24,924
  • Oct 12, 2018 8:45am Oct 12, 2018 8:45am
Quoting Boulder
{quote} I just added more shorts here 1667... H1 downtrend started 1 hour ago.. I have time to make some money in shorts...I will keep adding shorts unless it can close 1607 above at H1 close... {image}
what was your THU high/low
A good trader follows his rules, but great trader knows when to break them
  • #24,925
  • Oct 12, 2018 8:46am Oct 12, 2018 8:46am
Quoting ill_be_back
{quote} what was your THU high/low
so far today...1.15333-1.16099..let me check thurs... thurs 1.15171-1.15988
  • #24,926
  • Oct 12, 2018 8:51am Oct 12, 2018 8:51am
Quoting Boulder
{quote} so far today...1.15333-1.16099..let me check thurs... thurs 1.15171-1.15988
Thanks
A good trader follows his rules, but great trader knows when to break them
  • #24,927
  • Oct 12, 2018 8:52am Oct 12, 2018 8:52am
Quoting Boulder
{quote} I just added more shorts here 1667... H1 downtrend started 1 hour ago.. I have time to make some money in shorts...I will keep adding shorts unless it can close 1607 above at H1 close... {image}
i got one pending at 71 short term scalp//
std... i couldn't hold after day and week closed above the previous. maybe next week on the attempt to break 1610.. Sunday may be up being within the 24 hours of a higher day close.. plus the higher week close..

had the day closed below 1653, I would have held my short. but w/o that.. 1571 or higher looks likely.. then maybe 1520
those who can, do. those who cant, talk about those who can
  • #24,928
  • Oct 12, 2018 8:59am Oct 12, 2018 8:59am
Quoting gatorinla
{quote} i got one pending at 71 short term scalp// std... i couldn't hold after day and week closed above the previous. maybe next week on the attempt to break 1610.. Sunday may be up being within the 24 hours of a higher day close.. plus the higher week close.. had the day closed below 1653, I would have held my short. but w/o that.. 1571 or higher looks likely.. then maybe 1520
I just scalp shorts.. unless it can reach close to H1 trend stop 1607.. I already closed those two shorts here...wait to short more bounces...
  • #24,929
  • Oct 12, 2018 9:06am Oct 12, 2018 9:06am
Quoting gatorinla
{quote} i got one pending at 71 short term scalp// std... i couldn't hold after day and week closed above the previous. maybe next week on the attempt to break 1610.. Sunday may be up being within the 24 hours of a higher day close.. plus the higher week close.. had the day closed below 1653, I would have held my short. but w/o that.. 1571 or higher looks likely.. then maybe 1520
I have pending shorts 1579.. next..
  • #24,930
  • Oct 12, 2018 9:18am Oct 12, 2018 9:18am
Quoting Boulder
{quote} I have pending shorts 1579.. next..
remember the levels 1516 42 70 and the 14ish pips either side. the day and week closed... it may start acting right again.. just drift in little 14 pip ranges.. with 1555 as pp
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those who can, do. those who cant, talk about those who can
  • #24,931
  • Edited 4:00pm Oct 12, 2018 3:44pm | Edited 4:00pm
The S/R Levels for the next week ... the amazing fractals at work ... NO, nobody looks around for the past levels over the past 14 weeks to draw the levels ... just a formula using the PreviousWeeklyHigh, PreviousWeeklyLow, PreviousWeeklyClose and the Golden Ratio ...
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I am who I am
  • #24,932
  • Edited 7:56pm Oct 12, 2018 7:37pm | Edited 7:56pm
gu could be finger printing 1.2811. this is 25%
1.3146 is also a bullish number so can't tell for sure.
i think it could retrace to 3244 first


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  • #24,933
  • Oct 12, 2018 8:00pm Oct 12, 2018 8:00pm
i think eu just wants 1527
  • #24,934
  • Oct 13, 2018 12:33am Oct 13, 2018 12:33am
Quoting longshot_nl
gu could be finger printing 1.2811. this is 25% 1.3146 is also a bullish number so can't tell for sure. i think it could retrace to 3244 first {image}
I think most likely it will retrace to 1.35 till the end of October ...

GBPUSD can reach 1.35 in a week, like +800 pips in 3 weeks in a row last year ...
I am who I am
  • #24,935
  • Oct 13, 2018 1:06am Oct 13, 2018 1:06am
Quoting imwim
The S/R Levels for the next week ... the amazing fractals at work ... NO, nobody looks around for the past levels over the past 14 weeks to draw the levels ... just a formula using the PreviousWeeklyHigh, PreviousWeeklyLow, PreviousWeeklyClose and the Golden Ratio ... {image}
And the PreviousWeeklyHigh, PreviousWeeklyLow and PreviousWeeklyClose, where they came from ... just see the last weekly S/R Levels ... the amazing fractals at work ...

The end of story, that was just the free will of central banks, ECB and FED in our case, uncovered by the fractals ...
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I am who I am
  • #24,936
  • Oct 13, 2018 6:29am Oct 13, 2018 6:29am
Quoting longshot_nl
gu could be finger printing 1.2811. this is 25% 1.3146 is also a bullish number so can't tell for sure. i think it could retrace to 3244 first {image}
i was already short for 2810, but closed it friday after london... i will try to re-enter.. i have some pending below 3297.. it looks to give another possible bounce st..maybe 3198...
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those who can, do. those who cant, talk about those who can
  • #24,937
  • Edited 7:54am Oct 13, 2018 6:53am | Edited 7:54am
Quoting gatorinla
{quote} i was already short for 2810, but closed it friday after london... i will try to re-enter.. i have some pending below 3297.. it looks to give another possible bounce st..maybe 3198... {image}
i think higher. first wave should retrace much.
in these situations many times a harmonic is formed and the D entry is missed by about 5 pips because just too many sellers.
seen it many times. so i would enter 5/10 pips below this level.

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  • #24,938
  • Oct 13, 2018 7:00am Oct 13, 2018 7:00am
au could be 3 dive pattern.
bounce from small white line would confirm.

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  • #24,939
  • Oct 13, 2018 9:19am Oct 13, 2018 9:19am
How Institutions Position Themselves In Euro/Usd This Week

This week, institutions increased bearish bet , which was shown in the latest COT as of Tuesday, Oct 9, 2018.

The institutions net long Euro positions decreased last week by 9,041 contracts to net shorts 16,142 contracts,

2,423 long positions were closed, and 6,618 short positions were added as well. Now Longs total 162,315 contracts vs shorts total 178,457 contracts .

48% long exposure vs 52% short exposure, which 1% decreased in longs and 1% increased in shorts from the previous week

During COT week, Euro started at 1.1546, rallied to 1.1593 high, started to sell off down to 1.1432 low , closed at 1.1490
Net positioning in the EUR remains a downward bias.

On Monday Oct 8, Euro broke daily demand zone 1620-1.1520, hit low 1.1432. After COT, Euro rallied up due to oversold conditions,
now testing the old demand zone 1620-1520 now turns into resistance,Unless bulls can rally above 1.1620 to overturn bearish outlook,
Euro will be on its way to test next daily demand zone 1.1350-1.13

Institutions Sentiment: Slightly Bearish

Please note institutions take weeks and months to build a position in the currency market.
Therefore, the bullish or bearish sentiment is more for a long term outlook, not intended for short term trading.
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  • #24,940
  • Oct 13, 2018 12:16pm Oct 13, 2018 12:16pm
Quoting vanoxadvisor
{quote} i agree, because the sideways for 4 next days D1 seems be like it. {image}
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