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EURUSD

Sell limit @ 1270.
I am an intraday Pitchfork trader.
The Euro broke the 1.13 support. It looks like it has more potential to the downside as the US dollar is gaining strength.
Quoting arigoldman
The Euro broke the 1.13 support. It looks like it has more potential to the downside as the US dollar is gaining strength.
Agreed. I can't see any indication on my charts that it is going much higher although at some point I expect a quick move to 1270 then continuation down. Time will tell.
I am an intraday Pitchfork trader.
Quoting ZenNy
{quote} not easy trading in this "pause".....maybe scalping.....looking somewhere else....maybe GJ
oversold......looking for higher prices......dollar/yen too strong......euro/sterling still weak....
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trading is simple but is simple is not easy.
Quoting arigoldman
The Euro broke the 1.13 support. It looks like it has more potential to the downside as the US dollar is gaining strength.
Euro is going down much more.

Next target 1.10
I agree with ZenNy...........................................
Without context, oversold is another name for trend continuation and bottom picking.


Sell limit moved to 1266.
I am an intraday Pitchfork trader.
Looking ahead for today, the calendar includes a lack of tier 1 data, BoE’s Broadbent, ECB’s de Guindos and Lautenschlaeger, Fed’s Daly. US Veteran’s Day but no market closures.

In FX markets, the USD held on to recent gains plus reclaimed the 97.00 level to the upside as its major counterparts struggled overnight, in which EUR/USD nearly gave up the 1.1300 handle.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.1250 (1.1 BLN), 1.1300 (1.1 BLN), 1.1350 (0.254 BLN) and 1.1400 (0.718 BLN).

Exited today @ 1.1300. Now I am looking to get short again @ 1.1300, I will have to wait for a pullback to that level.
I agree, waiting till 1.1300 to sell again
The consistency you seek is in your mind, not in the markets - Mark Douglas
Quoting mbrown
{quote} Agreed. I can't see any indication on my charts that it is going much higher although at some point I expect a quick move to 1270 then continuation down. Time will tell.

I could be wrong but expecting a move down imminently. If price touches 1275, I'll close the short and wait for 1300.

Quoting 3Davy
{quote} Euro is going down much more. Next target 1.10
Yeh...it wouldn't surprise me if price is in the 1.1xxx range by Asia.


I have 1252 as the current gatekeeper for price to jump off a cliff.

80% of shorts closed @ 1252 (gatekeeper). SL @ BE + 2. Hopefully price will continue its journey down.

1252 (gatekeeper) broken, join the train level now stands at 1280 and not 1300. If stopped out, I'll be placing sell limits at 1280.
I am an intraday Pitchfork trader.
Channel line, S3, 90 pips ATR (30 days average is 77 pips).....bears are taking profit....

1.1302 is previous monthly low, also the 00 number and the 20ema on the hourly...could be next resistance where bears are looking to upload more ?

seems there is not a great rejection at this channel line.....can be a pause...... if a pause/flag breaks in the original direction and then fails more bulls will join in and go to test the 1.13 level or even go further to the top of the channel......

I do not know.......lets see...
trading is simple but is simple is not easy.
Quoting Prisha
{image} Guys, if EUR should close below the weekly support level 1.13802, then this will be a good place to look for a long term short position towards 1.04752
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just a follow up, Euro closed below 1.1387, a good place for long term selling is from 1.1387 towards 1.04833
Shorts are no longer an option (although that could change depending on price action). I'll be watching for a double bottom to develop around 124x for potential longs.

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I could be wrong but expecting an imminent fall to 124x followed by a reversal to test 1300.
I am an intraday Pitchfork trader.
Quoting mbrown
Shorts are no longer an option (although that could change depending on price action). I'll be watching for a double bottom to develop around 124x for potential longs. -------------------------------------------------------------------------------------------- I could be wrong but expecting an imminent fall to 124x followed by a reversal to test 1300.
Agreed. I am tired of scalping, so I am going to wait until it makes higher high. Do you still enjoy 25 lot scalping? To me, it’s so stressful, so I gave it up. Have a good day, mbrown.
FOR THE HORDE
Quoting JKLee
{quote} Agreed. I am tired of scalping, so I am going to wait until it makes higher high. Do you still enjoy 25 lot scalping? To me, it’s so stressful, so I gave it up. Have a good day, mbrown.
Thanks JK, big lot scalping has its place but it isn't something I can do everyday because of the pressure.
I am an intraday Pitchfork trader.
Quoting Miracleforex
{quote} I like your analysis......... My strategy for this month would be Sell 5 standard @ 1.1460 Seg my 5 standard 5 standard @ 1.1550 Sell 10 standard @ 1.1700 Ofcourse , hedge as you go as required.

Closing my 5 standard @ nearly 200 pips profits. To speak the truth, this is the fastest profit i have ever made. I am feeling a bit scared looking at the price action since the mid term elections last week. I still feel 1.09 would be seen, but the cascade in price today will give a sharp rebound tomorrow. I may be wrong. It could go the other way round. Only time will tell. If it rebounds from here, then we might witness 1.1350 again.

The next few days to close of this week would be dull, its just a feeling nothing technical about this. I would be soon leaving for HongKong for another lecture.
It is so strange. I applied for a job at this company a few years ago and they rejected me. Today they invite me for a lecture to their trainees.

World is a strange place, and so are humans.
Just retired from University
Buy limit @ 1248
[email protected] 1233
PT @ 1300
I am an intraday Pitchfork trader.
I think consolidation below 1.13 till wednsday cpi and core vpi reports will be red and the pain of us dollar will begin i can 1.1550 this friday
I could be wrong but expecting a quick up-move.
I am an intraday Pitchfork trader.
i can see 1.1200 maybe tomorrow ...
Work Hard In Silence, Let Your Success Be Your Noise.
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