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  • #1,144,721
  • Oct 29, 2018 2:01pm Oct 29, 2018 2:01pm
looking for 1.14500 by tomorrow , what you say guys any chance to hit 1.1450 ?
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,144,722
  • Oct 29, 2018 2:26pm Oct 29, 2018 2:26pm
TA

  1. We are trading at the bottom part of a long-term pivot region of 1.14-1.16
  2. At 50% retracement of many-year low and 2018 year high
  3. Last 2-month downtrend still holding strong
  4. Price broke out of last weeks downtrend momentum
  5. Wedge forming outside the breakpoint

As far as news goes. Some unrest in the US due to domestic terrorism, Merkel stepping down. Upcoming numbers looking a bit bearish for USD. A shaky ground in EU due to Italy's problems.

Feels like the strength of USD is losing momentum, but EU does not have much to offer to call in the bulls. Feels like we are in a stalemate till some serious levels are broken at either 1.13 or 1.16, trade with caution both short & long-term.

  • #1,144,723
  • Oct 29, 2018 11:36pm Oct 29, 2018 11:36pm
Quoting Miracleforex
Hello EVERYONE, It seems not much has changed on the charts while I was away for a few days. I see a lot of buying interest in a particular zone ( 1.14 or 1.15 ) But one thing is clear ( I say this to myself too ), do not rush to buy at 1.14 or even 1.13 zone in the coming days. IMO Wait for your chart to tell you when to buy. Trade safe. I am short now (1.16634) for a long term ( maybe 4-6 months ). I might be wrong, but I am using only 1:10 leverage for this purpose, so I will survive. I am a Economics and Business Professor, and I am starting...
Seems its the time to square my sell position from 1.1663 . I am satisfied for the profits at the moment. I see a lot of struggle at 1.1350 zone. So I am happy with my 293 pips profit. Its the first time in my forex trading career of 15 years that i have made this big profit. Thanks everyone on this forum. And a special thank you to my university students on advising me on this. I tell you, this younger generation is way smarter.

@msniper and my good friends: Is is a good time to buy long? My students advice me to do so. 1.1370 ---- 20 standard lots?

I am hesitant!!!!!!!
I am already 5 standard lots long, but my economics students are compelling me another 15 long. They are super excited on the profits we made today. Each of my 6 students gets a 30 pips profit share.

I am also teaching them the power of online collaboration in the field on business especially forex, gold and stock markets.
Just retired from University
  • #1,144,724
  • Oct 30, 2018 1:24am Oct 30, 2018 1:24am
I will be interested to buy EURUSD only when it between 1.1250 ~1.1180
  • #1,144,725
  • Oct 30, 2018 1:31am Oct 30, 2018 1:31am
My Intraday Outlook.
(ahead London)

Bear fatigue. Consolidation. Oscillating 1.1380 for almost 4 days.
No prediction, just range.

Intraday resistance :
- 1.1380 September Monthly_FiboS38; 1.1360 October Monthly_FiboS100;
- 1.1400 - 15 - 30 (WP)
Intraday support :
- 1.1360 - 50 - 35 - 11(WS1)...1.1300

Initial intraday scalping plan: Seem little bearish, I'll sell 1.1370, ...if fake, I'll buy 1.1385.

Have a great trading day, you all!
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART1.png Size: 32 KB
Member
  • #1,144,726
  • Oct 30, 2018 3:24am Oct 30, 2018 3:24am
Quoting msniper
I will be interested to buy EURUSD only when it between 1.1250 ~1.1180
Looking for these levels too. Could create head to the reversed HNS and weekly chart fibo there, in combination could be nice bullish cable. Currently waiting for HNS down break.
-._.-
  • #1,144,727
  • Oct 30, 2018 4:50am Oct 30, 2018 4:50am
In FX markets, the USD index held near the prior day’s best levels despite attempts by its major counterparts to nurse recent losses, with EUR/USD remaining below 1.1400.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1385 (0.490 BLN), 1.1400-10 (1.9 BLN) and 1.1420-25 (0.445 BLN).

Moved my stop to lock in profits @ 1.1430 but still waiting for my target @ 1.1300 (2018 low). Seems like the EURUSD made a bullish divergence on a daily chart. With that in mind and the current consolidation near the year-to-date low, we might get a deeper upward correction.

Attached Image (click to enlarge)
Click to Enlarge Name: 20181030_EURUSD_Daily.jpg Size: 231 KB
  • #1,144,728
  • Oct 30, 2018 6:53am Oct 30, 2018 6:53am
Jon ,

this bullish divergence on Daily will exist tomorrow as well at 50 pips lower [saying...]

31/10 is a day to form a low . I expect more weakness. Now low is 113.46

  • #1,144,729
  • Oct 30, 2018 7:11am Oct 30, 2018 7:11am
Quoting TudorIoan
My Intraday Outlook. (ahead London) Bear fatigue. Consolidation. Oscillating 1.1380 for almost 4 days. No prediction, just range. Initial intraday scalping plan: Seem little bearish, I'll sell 1.1370, ...if fake, I'll buy 1.1385. Have a great trading day, you all! {image}
Short 1370 SL. Long 1385 SL. Short 1370 closed at 1348 TP
+2 pips today ...BE, another wasted day ...but not loss
Member
  • #1,144,730
  • Oct 30, 2018 7:26am Oct 30, 2018 7:26am
Quoting Jonstaples
In FX markets, the USD index held near the prior day’s best levels despite attempts by its major counterparts to nurse recent losses, with EUR/USD remaining below 1.1400. Option expiries of note for today's 15:00 BST: EUR/USD: 1.1385 (0.490 BLN), 1.1400-10 (1.9 BLN) and 1.1420-25 (0.445 BLN). Moved my stop to lock in profits @ 1.1430 but still waiting for my target @ 1.1300 (2018 low). Seems like the EURUSD made a bullish divergence on a daily chart. With that in mind and the current consolidation near the year-to-date low, we might get a deeper...
1300 is getting closer and closer, buddy!
Member
  • #1,144,731
  • Oct 30, 2018 8:15am Oct 30, 2018 8:15am
Quoting keep4x
looking for 1.14500 by tomorrow , what you say guys any chance to hit 1.1450 ?
High probability before a push below 1.1300... Just my opinion though. Market is too one-sided, and USD bulls are weary after last week's equity correction.

Feels like the USD-bull train is slowing down to make a stop. While I feel like longterm this pair is bearish, I'm long at 1.1350. See if I can capture the upward push before a bearish continuation.
Patience is key
  • #1,144,732
  • Edited 9:18am Oct 30, 2018 8:53am | Edited 9:18am
Are you tracking the EURUSD? It's bearish from a major technical outlook. However, even though I am bearish EURUSD, my interest in a short position will not be piqued until a retracement to the horizontal resistance around the 1.14530/1.15210 area (bound by horizontal magenta lines) or a retest of the resistance trendline (black).

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
  • #1,144,733
  • Oct 30, 2018 9:31am Oct 30, 2018 9:31am
Quoting KeenPips
Are you tracking the EURUSD? It's bearish from a major technical outlook. However, even though I am bearish EURUSD, my interest in a short position will not be piqued until a retracement to the horizontal resistance around the 1.14530/1.15210 area (bound by horizontal magenta lines) or a retest of the resistance trendline (black). I may be wrong. Trade safe and prosper. KP {image}
I agree entirely with your analysis and entry range for a short. I'm simply scalping long with a S/L below 1.1300 in the mean time.
Patience is key
  • #1,144,734
  • Oct 30, 2018 10:36pm Oct 30, 2018 10:36pm
Hope to see a move today! Could break or bounce on the support
TMT Scalping System (Best system on FF)
  • #1,144,735
  • Oct 31, 2018 12:14am Oct 31, 2018 12:14am
Quoting Miracleforex
{quote} Seems its the time to square my sell position from 1.1663 . I am satisfied for the profits at the moment. I see a lot of struggle at 1.1350 zone. So I am happy with my 293 pips profit. Its the first time in my forex trading career of 15 years that i have made this big profit. Thanks everyone on this forum. And a special thank you to my university students on advising me on this. I tell you, this younger generation is way smarter. @msniper and my good friends: Is is a good time to buy long? My students advice me to do so. 1.1370 ---- 20 standard...
Bought another 15 standard lots @ 1.1340.

Price stable at 4hr chart for the last 3 bars. No more decline further I guess. Not sure- this market of Forex is wobbly. Just a cent of my thought.

Lets see. The prospects look good now, if not the best.
Just retired from University
  • #1,144,736
  • Oct 31, 2018 2:23am Oct 31, 2018 2:23am
I guess everybody expects that 1335 support to respond.
But no significat bull action so far.
I'll buy 1350 tiny though and sell 1335 for some fun
Member
  • #1,144,737
  • Oct 31, 2018 3:23am Oct 31, 2018 3:23am
Quoting TudorIoan
I guess everybody expects that 1335 support to respond. But no significat bull action so far. I'll buy 1350 tiny though and sell 1335 for some fun
Also long @ 1.13509. I've got the Daily pivot @ 1.13578 and R1 resistance1.13742. I'll see how price reacts at those levels. If it breaks through 1375, next resistance is 1.14050 with minor resistance in the 1388 area. My opinion is probable consolidation in the 1375 area before moving up. But that's just my opinion. Yesterday's Daily Pivot was 1.13830 so I think 1375 to 1385 might be a little rough and take some time. As I write this price hit 1356 and then fell back to 1345 so we'll see how it goes.
  • #1,144,738
  • Oct 31, 2018 4:28am Oct 31, 2018 4:28am
Quoting bobby2
{quote} Also long @ 1.13509. I've got the Daily pivot @ 1.13578 and R1 resistance1.13742. I'll see how price reacts at those levels. If it breaks through 1375, next resistance is 1.14050 with minor resistance in the 1388 area. My opinion is probable consolidation in the 1375 area before moving up. But that's just my opinion. Yesterday's Daily Pivot was 1.13830 so I think 1375 to 1385 might be a little rough and take some time. As I write this price hit 1356 and then fell back to 1345 so we'll see how it goes.
I really like your view! Thank you. Crazy day for me... can't hang around
Member
  • #1,144,739
  • Oct 31, 2018 4:44am Oct 31, 2018 4:44am
Quoting TudorIoan
{quote} 1300 is getting closer and closer, buddy!
Now almost your 20 pips .
  • #1,144,740
  • Oct 31, 2018 4:46am Oct 31, 2018 4:46am
The USD took a breather from recent gains with the USD index flat around the 97.00 level after it hit the highest since June 2017 amid the continued rout in EUR/USD testing 1.1340 to the downside.

Option expiries of note for today's 14:00 BST:
EUR/USD: 1.1300 (1.6 BLN), 1.1320-25 (0.653 BLN) and 1.1340-50 (1.5 BLN).

Still holding the short but locked in profits @ 1.1430 and waiting for my target @ 1.1300 (2018 low). It remains in a sideways movement but at least I am earning swaps. Today is that day getting ready to pop my 1.13 is on the way.
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