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EURUSD only

  • #53,101
  • Oct 16, 2018 1:30pm Oct 16, 2018 1:30pm
if we close today at 1.1578 again....tomorrow I will wake up to face the same equation, Price in the middle of 3 Os, potential to go up or down is equal (as one can't predict how a flat is gonna shape up), let's just hope traders in Asia help shape up the pattern better tonite so we have a reasonable probability in picking a direction by Frankie and London O tomorrow.
  • #53,102
  • Oct 16, 2018 1:30pm Oct 16, 2018 1:30pm
Quoting kayikayi
{quote} Mighty moty predicion for you: you will divorce the daily pivot too!!! eh there is no perfect partner alas... you take the good with the bad..that's how it goes...
I do not know about this. I change system every half hour, but the weekly pivot really annoyed me because for two consecutive weeks I gave up in the middle and eventually it reached the next pivot line, and this time I stayed with it and lost twice a nice profit and now i even in a loss
yes yes yes
  • #53,103
  • Oct 16, 2018 1:40pm Oct 16, 2018 1:40pm
Quoting Moty
{quote} I do not know about this. I change system every half hour, but the weekly pivot really annoyed me because for two consecutive weeks I gave up in the middle and eventually it reached the next pivot line, and this time I stayed with it and lost twice a nice profit and now i even in a loss
If I may chime in my friend, remember what digs always says - market is always moving back and forth back and forth between levels. Sure, the day's range could be a whooping 60, 70 maybe even 100 pips on high volatility days from top to bottom, but between the days the market barely creeps 8 to 15 pips (take yesterday's high at 1606 and today's 1621.. that's not a lot of movement). So if your position is in a drawdown, get out. Get out with some profit if you can, else as close to break even, get out of the drawdown, then look to re-enter.

There's at least 2 good shots for you to pick a top and bottom to enter from every day - Mid-Asian right before London and Frankfurt opens, and couple hours into New York for the reversal. In between there's also dips to buy/sell so there's always a re-entry point literally every hour. The drawdowns are gonna drive you crazy - your charting is good, your trend direction is sick, and your spirit, determination and drive beats anyone on this thread! Just gotta let that translate into profits, which you were in, but as I read on someone's signature here (apologies, I can't remember who off the top of my head else I'd credit you), 'a profit is not a profit until taken'.

Quoting kayikayi
if we close today at 1.1578 again....tomorrow I will wake up to face the same equation, Price in the middle of 3 Os, potential to go up or down is equal (as one can't predict how a flat is gonna shape up), let's just hope traders in Asia help shape up the pattern better tonite so we have a reasonable probability in picking a direction by Frankie and London O tomorrow.
Asian session is always so bloody random but imo if price still doesn't break below today's low (1566) then I'll look to continue buying the 1570 area.
You hesitate, you masturbate.
  • #53,104
  • Oct 16, 2018 1:47pm Oct 16, 2018 1:47pm
Quoting Toastmaster
{image} {image}
learning continue
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  • #53,105
  • Oct 16, 2018 1:56pm Oct 16, 2018 1:56pm
Quoting engweijie
{quote} that Trump tweet joke was f***ing hilarious but frankly bro, in this present day and age given his tendencies I might actually consider having his twitter account beside all my newsfeed plugins for fundies Might actually get better info from twitter than off bloomberg LOL
Thot it might get a giggle, but the truth is I was burned twice first it was his tweet about raging dollar and the 2nd time when he yelled at the feds about interest rates during an interview. A solid fundamental risk is that Trump does NOT like a high dollar and is finicky over feds raising those rates. Gotta watch it. I rely heavily on correlations when scalping. OWCH.
  • #53,106
  • Oct 16, 2018 2:06pm Oct 16, 2018 2:06pm
Quoting Pipfu
LONG 1580, s/l 1564
Got out +6, had to run out the door. Will reevaluate during Asia
  • #53,107
  • Oct 16, 2018 2:12pm Oct 16, 2018 2:12pm
Welcome to spikeland. Just looking to the left of my chart (patterns mustn't repeat themselves, though), I see same spike pattern, and what followed was a dive. Lol

First chart: Sometime last month. Second: Today. Both on the 4HR. Since price is just strolling around I decided to play with charts.
Maybe Asia will give us a second spike?
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  • #53,108
  • Oct 16, 2018 2:21pm Oct 16, 2018 2:21pm
EURUSD trade from this morning. price was on H4 support and and rejected it. It was also 8:45am EST so price pushed up
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  • #53,109
  • Oct 16, 2018 2:48pm Oct 16, 2018 2:48pm
Quoting moneymagnet
{quote} lol u crazy
True!

I copied it from engweijie signature.
  • #53,110
  • Oct 16, 2018 2:57pm Oct 16, 2018 2:57pm
Quoting Ata-Turkoglu
Buy 1.15884 SL: 20 pips TP: Open Stay Green
Trade still running. SL at 1.1568. Based on M15, nearest support has become 1.15755

H1 Green line is really flat and nothing serious to expect tonight. Especially a M15 candle close above 1.1578 can bring in some minor bull power. I leave it into hand of faith from here and call it a day.

Talk to you again tomorrow at Frankfurt or London opening.

Stay Green
Focus only on what truly matters!
  • #53,111
  • Oct 16, 2018 3:09pm Oct 16, 2018 3:09pm
Quoting Mitiblotch
Do we consider this bearish divergence to have finished playing out? I still see more downside to around 1.152x from which price may rise to hit higher targets. EU 4HR chart below. I also don't like that pinbar-like candle. Points to the floor. {image}
yes man, bearish H4 to 1.152xx.
The S/R at 1.160xxis pretty strong.
Nice
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The consistent profit comes from the perfect algorithm.
  • #53,112
  • Oct 16, 2018 3:14pm Oct 16, 2018 3:14pm
Quoting Moty
{quote} I do not know about this. I change system every half hour, but the weekly pivot really annoyed me because for two consecutive weeks I gave up in the middle and eventually it reached the next pivot line, and this time I stayed with it and lost twice a nice profit and now i even in a loss
lets do a little math home work again, roughly 70% of mkt time is spent in a range ,, 7200 mins in a week not counting Sunday , do the math and you will see it leaves roughly 2100 min or a day an a half for the kinda move you are looking for, pick a weekly high or a low and start the positioing your f$%king around in the middle not taking any profit and then wht , you want cheese with that wine ,, lol come on moty
  • #53,113
  • Oct 16, 2018 3:18pm Oct 16, 2018 3:18pm
Quoting 2dollardog
{quote} I was burned twice first it was his tweet about raging dollar and the 2nd time when he yelled at the feds about interest rates during an interview. A solid fundamental risk is that Trump does NOT like a high dollar and is finicky over feds raising those rates.
More Trump-fed bashing about 30 minutes ago. At some point I think the markets are going to start taking him seriously. How many times now has he lobbied for slower rate hikes? 6 or more?
  • #53,114
  • Oct 16, 2018 3:31pm Oct 16, 2018 3:31pm
Quoting mbrown
{quote} Is it obvious downside?
As predicted earlier I’m sure it's obvious...lol
Always trade your own plan...I don't provide trading signals.
  • #53,115
  • Oct 16, 2018 3:46pm Oct 16, 2018 3:46pm
And the day is about to close...
To study later or for the record...
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it was a hard day, but 20min away to close, it looks like a down bar.
if it close has it is, we might see a down bar again tomorrow. (besides today has been a day where the longs were easier to spot...)
time will tell.
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If you don't know how to earn money, don't loose it.
  • #53,116
  • Oct 16, 2018 4:07pm Oct 16, 2018 4:07pm
Quoting Mitiblotch
I don't understand why people like making things complicated. For them to take a position on EU, they'll check both the Dow and DX and then make all the correlations they can find. Read their analysis and you get yourself confused. I prefer it the ol' simple way. Also I have found that my higher time frame hardly lies. Find the trend, wait for retracement, follow the trend. If you miss the bus, wait for another. There'll always be another. Even if one insists on checking out other correlates, is the EU chart not a reflection of what's happening...
because other pairs can sometimes be a leading indicator to the movement of another pair.
eu can move first and then minutes later gu will follow up or vice versa, its uncommon but it happens and is easy no brainer pips to those who continuously look out for it.
  • #53,117
  • Oct 16, 2018 4:18pm Oct 16, 2018 4:18pm
Offering the following info for you guys:

I see a rise in the dollar and a weakening in the euro on M30 Timeframe.
Might be looking for a downfall of the EURUSD.

Stay Green
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  • #53,118
  • Oct 16, 2018 4:24pm Oct 16, 2018 4:24pm
I dont know what else to say without sounding like a broken record except for this lol

https://m.youtube.com/watch?v=zWhDbkTmJHA
buy the rumor,sell the news
  • #53,119
  • Oct 16, 2018 4:27pm Oct 16, 2018 4:27pm
Plus my good buddy trump has prolly gone off his meds over the weekend cause hes attacking everyone today including the fed. He can bully warren and powell but i think Tiny has met his match with stormy daniels Lol
buy the rumor,sell the news
  • #53,120
  • Oct 16, 2018 4:42pm Oct 16, 2018 4:42pm
as bad as things look with all the bad news for the euro it continues trying to claw its way back out of the pit the old adage of price climbing a wall of worry comes to mind
buy the rumor,sell the news
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Ar.Nabeel