There's a time to trade and a time to wait and see...
Market Makers on Tue. and Thu.
Market Makers on Tue. and Thu.
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- #1,144,821
- Nov 3, 2018 6:25am Nov 3, 2018 6:25am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,144,822
- Nov 3, 2018 7:54am Nov 3, 2018 7:54am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} Good analysis covering many aspects. Daily bull candle, daily weekly double bottom, ma 200 support, weekly doji of indecision all in place for next week. Suddenly and unexpectedly Come this ecb TLTRO matter at this possible support zone making shaky euro future, determined but not ready yet. Rightly and perfect though. Anyway still easily try some bull test towards 1.1500/1.1600+. Price weekly close over 1.1465 may support for better reversal sign monthly. Big ranges at the bottom to help prevent huge tanking to parity as one can see. Ecb...
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I have a burning question. Is 1.09 possible before end of this year?
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Together we can be strongest
Vantage Return This Month:
na
- #1,144,823
- Nov 3, 2018 9:47am Nov 3, 2018 9:47am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,144,824
- Nov 3, 2018 10:26am Nov 3, 2018 10:26am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Naturally, trade your plan but I have it on good algo authority that next week is a bear week, the initiation of a multi-hundred down move. Don't shoot me, I am merely passing on my findings.
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- #1,144,825
- Nov 3, 2018 5:31pm Nov 3, 2018 5:31pm
- | Joined Mar 2017 | Status: Trader | 1,637 Posts
{quote} You have what?! ...good algo authority?!
I am who I am
- #1,144,826
- Nov 3, 2018 9:59pm Nov 3, 2018 9:59pm
- Joined Oct 2010 | Status: believe you will achieve it | 284 Posts
{quote} all possible still though price action dramatically changes to avoid the tank to that level before . so got 1.1300 to range big above it , and doing nicely still 3 months +, now price at very strong support zone & tanking further not that easy with even than strong bear candle monthly printed last month , ok pressure little down though. anyway still possible. if next week or so price just breaks 1.1525 may give signal to bull further , not bear further , . Take care . fontu see previous probable pA changes to modified / present one , ok...
I like your analysis.........
My strategy for this month would be
Sell 5 standard @ 1.1460
Sell 5 standard @ 1.1550
Sell 10 standard @ 1.1700
Ofcourse , hedge as you go as required.
Just retired from University
- #1,144,827
- Nov 4, 2018 1:27am Nov 4, 2018 1:27am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
{quote} I like your analysis.........
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,144,828
- Nov 4, 2018 3:04pm Nov 4, 2018 3:04pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
If you are tracking the EURUSD this week, consider this top-down technical perspective.
On the daily time frame, after a bearish mode last week Tuesday and Wednesday, bulls seized the initiative for a strong bullish drive. However, they were checkmated on Friday when a bearish counter force ended in a doji-like candlestick which nestled around a minor horizontal support, the 1.14120 area. Personally, I expect bulls to push price further northward before bears could seize the initiative. The descending trendline (red) from the high of September 24, 2018 may act as resistance. The 1.15900 area is technically an alternative resistance should bulls mitigate the descending trendline.
On the H4 time frame, recent price action is operating in a descending channel (magenta). Price action from Monday through Thursday last week headed northwards towards the channel resistance, and we may not have seen the end of a further northward move. But the channel resistance line and the descending trendline (red) seen on the daily time frame may hinder a bullish run. I expect price action to dispose southward after the present northward retracement. A southward breach of the minor ascending/counter channel or flag (black) on a daily closing basis is likely to give me a cue for a southward trade. Of course, I will see a surge of price action further northwards towards the significant horizontal resistance around 1.15900 as a good opportunity to look for a bearish setup.
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, after a bearish mode last week Tuesday and Wednesday, bulls seized the initiative for a strong bullish drive. However, they were checkmated on Friday when a bearish counter force ended in a doji-like candlestick which nestled around a minor horizontal support, the 1.14120 area. Personally, I expect bulls to push price further northward before bears could seize the initiative. The descending trendline (red) from the high of September 24, 2018 may act as resistance. The 1.15900 area is technically an alternative resistance should bulls mitigate the descending trendline.
On the H4 time frame, recent price action is operating in a descending channel (magenta). Price action from Monday through Thursday last week headed northwards towards the channel resistance, and we may not have seen the end of a further northward move. But the channel resistance line and the descending trendline (red) seen on the daily time frame may hinder a bullish run. I expect price action to dispose southward after the present northward retracement. A southward breach of the minor ascending/counter channel or flag (black) on a daily closing basis is likely to give me a cue for a southward trade. Of course, I will see a surge of price action further northwards towards the significant horizontal resistance around 1.15900 as a good opportunity to look for a bearish setup.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #1,144,829
- Nov 4, 2018 11:49pm Nov 4, 2018 11:49pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,144,832
- Nov 5, 2018 12:09am Nov 5, 2018 12:09am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,144,833
- Nov 5, 2018 12:16am Nov 5, 2018 12:16am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
{quote} Nice. Do you also plan to sell the daily pivot?
- #1,144,834
- Nov 5, 2018 12:19am Nov 5, 2018 12:19am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I plan to hit the target. After that I don't have a clue. My charts tell me what to do. Everybody's got a boss.
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- #1,144,836
- Nov 5, 2018 1:01am Nov 5, 2018 1:01am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,144,837
- Edited 1:33am Nov 5, 2018 1:21am | Edited 1:33am
- | Joined Jul 2018 | Status: Trader | 1,514 Posts
is this a friendly thread..i cant handle the psychosis in the pivot thread
https://zippy.gfycat.com/NegligibleA...questrian.webm
https://zippy.gfycat.com/NegligibleA...questrian.webm
buy the rumor,sell the news
- #1,144,839
- Nov 5, 2018 1:32am Nov 5, 2018 1:32am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,144,840
- Nov 5, 2018 1:56am Nov 5, 2018 1:56am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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