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  • #1,144,941
  • Nov 7, 2018 4:45am Nov 7, 2018 4:45am
Quoting TudorIoan
{quote} It feels like it's just about time for a short. Pretty stretchy upside.
Based on the weekly chart, I would say a small retracement may be due followed by more bullish energy. Then time to watch Daily chart patterns too
A 1 pip gain is better than a 1 pip loss.
  • #1,144,942
  • Nov 7, 2018 5:06am Nov 7, 2018 5:06am
Short. SL 1 pip above D high. PT 1462
  • #1,144,943
  • Nov 7, 2018 5:13am Nov 7, 2018 5:13am
Quoting aeternum
{quote} Based on the weekly chart, I would say a small retracement may be due followed by more bullish energy. Then time to watch Daily chart patterns too
On Weekly I see reasons to go on up to 1525 area... (except the overbought situation)
On Daily about the same ...it's maybe just me, but 1525 looks like is attracting like magnet... maybe buying lows?
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  • #1,144,944
  • Nov 7, 2018 5:15am Nov 7, 2018 5:15am
Quoting TudorIoan
{quote} On Weekly I see reasons to go on up to 1525 area... (except the overbought situation) On Daily about the same ...it's maybe just me, but 1525 looks like is attracting like magnet... maybe buying lows? {image}
I don't trade trend lines but I see 1.16 a possibility
A 1 pip gain is better than a 1 pip loss.
  • #1,144,945
  • Nov 7, 2018 5:18am Nov 7, 2018 5:18am
Quoting aeternum
{quote} I don't trade trend lines but I see 1.16 a possibility
Timing is the thing, 1600 sure, but when?... and what if deep spikes meanwhile?!
Wider PA and TA after FOMC statement for me
Member
  • #1,144,946
  • Nov 7, 2018 5:30am Nov 7, 2018 5:30am
Quoting TudorIoan
{quote} On Weekly I see reasons to go on up to 1525 area... (except the overbought situation) On Daily about the same ...it's maybe just me, but 1525 looks like is attracting like magnet... maybe buying lows? {image}


Nah. But betting on it retracing a little first.

Quoting mbrown
{quote} It looks like it's trending higher on my chart. Glad I'm scalping long. pips pips pips!!! 1525...
  • #1,144,947
  • Nov 7, 2018 5:33am Nov 7, 2018 5:33am
Quoting mbrown
{quote} Nah {quote}
Ok, Mr. 1525 Shooter!
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  • #1,144,948
  • Nov 7, 2018 5:51am Nov 7, 2018 5:51am
Quoting TudorIoan
{quote} Timing is the thing, 1600 sure, but when?... and what if deep spikes meanwhile?! Wider PA and TA after FOMC statement for me
Based on PA, I would say it is possible that the following happens:

1) Goes straight up to 1.16 within this week
2) Ranges around here or retraces a bit and heads up to 1.16 next week
3) Retraces a bit and consolidates next week followed by 1.16 following week

From what I normally see, PA will tend to either continue the strong momentum, or take a while to consolidate and charge again. If we close where are today, it is very unlikely we will break beyond 1.13 lows anytime in the next few months
A 1 pip gain is better than a 1 pip loss.
  • #1,144,949
  • Nov 7, 2018 5:58am Nov 7, 2018 5:58am
Quoting aeternum
{quote} Based on PA, I would say it is possible that the following happens: 1) Goes straight up to 1.16 within this week 2) Ranges around here or retraces a bit and heads up to 1.16 next week 3) Retraces a bit and consolidates next week followed by 1.16 following week From what I normally see, PA will tend to either continue the strong momentum, or take a while to consolidate and charge again. If we close where are today, it is very unlikely we will break beyond 1.13 lows anytime in the next few months
Nice analysis.
For the sake of it, let's hope the US inflation numbers will not came too good (hard time for Fed more hikes)
and Italy or Brexit will not fkn ruin the euro too soon
Good luck!
Member
  • #1,144,950
  • Nov 7, 2018 5:58am Nov 7, 2018 5:58am
Or it could just fall by 200 pips. Who knows what tomorrow will bring...right now I'm short.
  • #1,144,951
  • Nov 7, 2018 6:00am Nov 7, 2018 6:00am
Quoting mbrown
Or it could just fall by 200 pips. Who knows what tomorrow will bring...right now I'm short.
That's why the FX is so much fun, isn't it?
Member
  • #1,144,952
  • Nov 7, 2018 6:06am Nov 7, 2018 6:06am
Quoting TudorIoan
{quote} That's why the FX is so much fun, isn't it?
Well given I was less that 0.6 pip to being stopped out it doesn't feel like fun at the moment...lol Anyway, SL @ BE+2, the intention was not to move the SL (whichever comes first : SL or PT) but after the scare I'm like "fook dat".

Now I need to ride the down move (assuming it is one) and squeeze every last pip out of it!!!!
  • #1,144,953
  • Nov 7, 2018 6:08am Nov 7, 2018 6:08am
Quoting TudorIoan
{quote} Nice analysis. For the sake of it, let's hope the US inflation numbers will not came too good (hard time for Fed more hikes) and Italy or Brexit will not fkn ruin the euro too soon Good luck!
Well I'm more technical than fundamental...

But we already see rejection on 1H time frame so we have to wait for NY to open and see
A 1 pip gain is better than a 1 pip loss.
  • #1,144,954
  • Nov 7, 2018 6:16am Nov 7, 2018 6:16am
Quoting mbrown
Or it could just fall by 200 pips. Who knows what tomorrow will bring...right now I'm short.
Quoting mbrown
{quote} Well given I was less that 0.6 pip to being stopped out it doesn't feel like fun at the moment...lol Anyway, SL @ BE+2, the intention was not to move the SL (whichever comes first : SL or PT) but after the scare I'm like "fook dat". Now I need to ride the down move (assuming it is one) and squeeze every last pip out of it!!!!
Well, it's time for a little correction...
Quoting aeternum
{quote} Well I'm more technical than fundamental... But we already see rejection on 1H time frame so we have to wait for NY to open and see
Well, you're right about that.
Member
  • #1,144,955
  • Edited 6:54am Nov 7, 2018 6:26am | Edited 6:54am
Closed 90% of the position @ 1476 (I still a full load open on a different account - a lottery account).

I'll leave 1 standard lot open (BE+2) on the odd chance that we've touched the high for the year (I don't think we have but you never know).



12:53 gmt: closed remainder for a few.
  • #1,144,956
  • Nov 7, 2018 6:50am Nov 7, 2018 6:50am
Quoting mbrown
Closed 90% of the position @ 1476 (I still a full load open on a different account - a lottery account). I'll leave 1 standard lot open (BE+2) on the odd chance that we've touched the high for the year (I don't think we have but you never know).
Still not happy ...with all those market's efforts to please you!
Member
  • #1,144,957
  • Nov 7, 2018 6:57am Nov 7, 2018 6:57am
Short again @ 1490. SL @ 1492 PT @ 1471

Quoting mbrown
Short again @ 1490. SL @ 1492 PT @ 1471
Closed @ 1486 - 4 pips.

Preparing for long.

Long @ 1489 ... SL 10 PIP; TP OPEN.

Quoting mbrown
Long @ 1489 ... SL 10 PIP; TP OPEN.
cUT IT - 5 PIPS
  • #1,144,958
  • Nov 7, 2018 7:41am Nov 7, 2018 7:41am
Quoting mbrown
Long @ 1489 ... SL 10 PIP; TP OPEN. {quote} cUT IT - 5 PIPS
OMG, mate ...is like trying to chase the price!
Take care, hard work there and no guarantees!
Member
  • #1,144,959
  • Nov 7, 2018 7:46am Nov 7, 2018 7:46am
Quoting TudorIoan
{quote} OMG, mate ...is like trying to chase the price! Take care, hard work there and no guarantees!
Cheers. I'm not chasing price and the pips are stacking up.
  • #1,144,960
  • Nov 7, 2018 7:47am Nov 7, 2018 7:47am
Quoting mbrown
Long @ 1489 ... SL 10 PIP; TP OPEN. {quote} cUT IT - 5 PIPS
Hi mbrown,
Good to see you here. I think the price will go up one more time before falling down.
FOR THE HORDE
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