Patterns have an underlying mathematical structure.
- #1,145,721
- Nov 16, 2018 2:59am Nov 16, 2018 2:59am
- Joined Mar 2012 | Status: Harmonic Trader | 951 Posts
- #1,145,722
- Nov 16, 2018 3:28am Nov 16, 2018 3:28am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,723
- Nov 16, 2018 3:45am Nov 16, 2018 3:45am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,724
- Nov 16, 2018 3:47am Nov 16, 2018 3:47am
- Joined Sep 2015 | Status: Trader | 820 Posts
On the table:
Looking ahead, highlights include Eurozone CPI, US Industrial Production, ECB’s Draghi, Weidmann and Lane, Fed’s Evans.
FX markets were range-bound amid a light calendar with no tier-1 releases or speakers scheduled. This kept the USD index flat near the 97.00 level and provided GPB/USD with some much-needed breather from the prior day’s cliff dive which was triggered by an exodus of ministers, while reports in the Telegraph also suggested the Conservative Party deal with DUP is over unless PM May is replaced. All this turbulence led to a choppy trading day for the EUR/USD.
Option expiries of note for today's 14:00 GMT:
EUR/USD:
1.1200 (1.8 BLN), 1.1250-75 (1.2 BLN), 1.1300 (1.4 BLN), 1.1340-1.1400 (1.3 BLN) and 1.1446-55 (2.0 BLN).
Exited yesterday at breakeven due to all the turbulence around the Brexit.
Looking ahead, highlights include Eurozone CPI, US Industrial Production, ECB’s Draghi, Weidmann and Lane, Fed’s Evans.
FX markets were range-bound amid a light calendar with no tier-1 releases or speakers scheduled. This kept the USD index flat near the 97.00 level and provided GPB/USD with some much-needed breather from the prior day’s cliff dive which was triggered by an exodus of ministers, while reports in the Telegraph also suggested the Conservative Party deal with DUP is over unless PM May is replaced. All this turbulence led to a choppy trading day for the EUR/USD.
Option expiries of note for today's 14:00 GMT:
EUR/USD:
1.1200 (1.8 BLN), 1.1250-75 (1.2 BLN), 1.1300 (1.4 BLN), 1.1340-1.1400 (1.3 BLN) and 1.1446-55 (2.0 BLN).Exited yesterday at breakeven due to all the turbulence around the Brexit.
- #1,145,725
- Edited 4:17am Nov 16, 2018 4:02am | Edited 4:17am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Well.... I think we already saw our wave-C.... I puzzled a long time on the moves this morning....
The question now is....did we see a double and can we prepare downwards or do we still need a zigzag.... the market must decide....
A connection-wave (wave-x) normally stays above the last wave-b.... so 1.1320 is the line....if price is crossing this line then we saw our high at 1.1368. If above, we still need a new zigzag....
So I'm just waiting until price will pass 1.1320 or 1.1368
The question now is....did we see a double and can we prepare downwards or do we still need a zigzag.... the market must decide....
A connection-wave (wave-x) normally stays above the last wave-b.... so 1.1320 is the line....if price is crossing this line then we saw our high at 1.1368. If above, we still need a new zigzag....
So I'm just waiting until price will pass 1.1320 or 1.1368
You can manage risk, but you can't manage the return
- #1,145,726
- Nov 16, 2018 4:06am Nov 16, 2018 4:06am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,145,727
- Nov 16, 2018 4:16am Nov 16, 2018 4:16am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Looking for longs between 1310 and 1325.
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,728
- Nov 16, 2018 4:35am Nov 16, 2018 4:35am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I'm afraid of the crazy friday.
...but maybe now the euro is for sale 
Member
- #1,145,729
- Nov 16, 2018 4:48am Nov 16, 2018 4:48am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} Lucky me, I've stood out of it
The price is touching the support H1, and maybe stop in the support H4. Let's see.
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,730
- Nov 16, 2018 4:55am Nov 16, 2018 4:55am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
It looks like we can define the fkn Brexit playground for today on chart, guys!{image}
Have you guys seen the pound?!
omg..it looks like paralysed ...the silence ahead the storm ?
Member
- #1,145,731
- Nov 16, 2018 4:56am Nov 16, 2018 4:56am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,145,732
- Nov 16, 2018 4:58am Nov 16, 2018 4:58am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I have 2 points of support here. The price is touching the support H1, and maybe stop in the support H4. Let's see.
Member
- #1,145,733
- Nov 16, 2018 5:02am Nov 16, 2018 5:02am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} So, we're still there !
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,734
- Nov 16, 2018 5:08am Nov 16, 2018 5:08am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I think we have the process of the tendance reverse in the GBP. Just wait for to confirm in the next week.
...crazy "tendence" Member
- #1,145,735
- Nov 16, 2018 5:08am Nov 16, 2018 5:08am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Long @ 1327. This is hard work!!!
I turned bearish now.... until the market decides otherwise
You can manage risk, but you can't manage the return
- #1,145,736
- Nov 16, 2018 5:31am Nov 16, 2018 5:31am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Long @ 1327. This is hard work!!!
Pray for the bears not cross the support.
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,737
- Nov 16, 2018 5:34am Nov 16, 2018 5:34am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I think we have the process of the tendance reverse in the GBP. Just wait for to confirm in the next week.
PM will not lose support so easy, but the actual deal is inacceptable, so..
1. bad deal - inacceptable
2. re-vote - impossible (same people, same matter, twice?!)
3. no deal it is!
Member
- #1,145,738
- Nov 16, 2018 5:43am Nov 16, 2018 5:43am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} {image} Pray for the bears not cross the support.
{quote} {image} Pray for the bears not cross the support.
- HEW is suggesting with a down count. (anyway a tripple can still happen in theory)
- HEW high is also fitting in the higher degree count.
- I did not saw a wave x that close towards a wave-b
- it looks if the HEW-count on USDX already started foundations to the bullish side waves (wave-i and ii) => means eurusd could get bearish
- Heiken Ashi gives since 2 hours red-candles
- we saw a good spike on the 1H-chart.
- 4Hour Heiken ashi is also turned to red
- On 1 Hour..... price fall back and closed already in the so called ranging area (between sma200 and sma89)
The only thing that is still intact is de daily pivot at 1.1321 ..... I have a target (after 5-waves) of around 1.1114-1.1050... Don't think it looks good...
You can manage risk, but you can't manage the return
- #1,145,739
- Nov 16, 2018 5:44am Nov 16, 2018 5:44am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
-97.0%
- #1,145,740
- Nov 16, 2018 5:52am Nov 16, 2018 5:52am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} {quote} I really think it's over and done now... I see so many signs in the charts HEW is suggesting with a down count. (anyway a tripple can still happen in theory) HEW high is also fitting in the higher degree count. I did not saw a wave x that close towards a wave-b it looks if the HEW-count on USDX already started foundations to the bullish side waves (wave-i and ii) => means eurusd could get bearish Heiken Ashi gives since 2 hours red-candles we saw a good spike on the 1H-chart. 4Hour Heiken ashi is also turned to red On 1 Hour........
Together we can be strongest
Vantage Return This Month:
-97.0%