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EURUSD

  • #1,145,361
  • Nov 12, 2018 4:21am Nov 12, 2018 4:21am
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
  • #1,145,362
  • Nov 12, 2018 4:34am Nov 12, 2018 4:34am
I agree with ZenNy...........................................
  • #1,145,363
  • Nov 12, 2018 4:38am Nov 12, 2018 4:38am
Without context, oversold is another name for trend continuation and bottom picking.


Sell limit moved to 1266.
  • #1,145,364
  • Nov 12, 2018 4:46am Nov 12, 2018 4:46am
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.
  • #1,145,365
  • Nov 12, 2018 4:53am Nov 12, 2018 4:53am
I agree, waiting till 1.1300 to sell again
The consistency you seek is in your mind, not in the markets - Mark Douglas
  • #1,145,366
  • Edited 5:17am Nov 12, 2018 4:56am | Edited 5:17am
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.
  • #1,145,367
  • Nov 12, 2018 6:02am Nov 12, 2018 6:02am
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.
  • #1,145,368
  • Nov 12, 2018 8:21am Nov 12, 2018 8:21am
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
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-e-w1-riston-capital-ltd-2.png Size: 55 KB

just a follow up, Euro closed below 1.1387, a good place for long term selling is from 1.1387 towards 1.04833
  • #1,145,369
  • Edited 8:45am Nov 12, 2018 8:22am | Edited 8:45am
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.
  • #1,145,370
  • Nov 12, 2018 8:53am Nov 12, 2018 8:53am
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
  • #1,145,371
  • Nov 12, 2018 8:56am Nov 12, 2018 8:56am
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.
  • #1,145,372
  • Nov 12, 2018 9:02am Nov 12, 2018 9:02am
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
  • #1,145,373
  • Nov 12, 2018 9:40am Nov 12, 2018 9:40am
Buy limit @ 1248
SL@ 1233
PT @ 1300
  • #1,145,374
  • Nov 12, 2018 10:30am Nov 12, 2018 10:30am
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
  • #1,145,375
  • Nov 12, 2018 10:30am Nov 12, 2018 10:30am
I could be wrong but expecting a quick up-move.
  • #1,145,376
  • Nov 12, 2018 12:24pm Nov 12, 2018 12:24pm
i can see 1.1200 maybe tomorrow ...
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,145,377
  • Nov 12, 2018 1:04pm Nov 12, 2018 1:04pm
Quoting ZenNy
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...
went into pause.......back to the low......1278 could be fresh resistance........waiting for Tokyo Opening......
trading is simple but is simple is not easy.
  • #1,145,378
  • Nov 12, 2018 3:25pm Nov 12, 2018 3:25pm
Pivot Yearly - 1.1220

. Buy - 1.1221

.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #1,145,379
  • Nov 12, 2018 4:05pm Nov 12, 2018 4:05pm
I went long EURO just now at 1.1217 and I will add more if it reach 1.1190

target if its fake bounce it will reach between 1.14 to 1.15 and if its real bounce we will se above 1.18

stop loss I didn't decide yet but may be a daily close below 1.1200 would be my stoploss
  • #1,145,380
  • Nov 12, 2018 4:17pm Nov 12, 2018 4:17pm
Quoting msniper
I went long EURO just now at 1.1217 and I will add more if it reach 1.1190 target if its fake bounce it will reach between 1.14 to 1.15 and if its real bounce we will se above 1.18 stop loss I didn't decide yet but may be a daily close below 1.1200 would be my stoploss

Below 61.8 % - 1.1180

Just few pips and i'll close the trade , maybe will touch the fibo 61.8 %.
.
Together we can be strongest
Vantage Return This Month: -97.0%
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