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  • #1,145,761
  • Nov 16, 2018 11:46am Nov 16, 2018 11:46am
Quoting Denden2012
If you are buying at 1.14XXX, you are going against the daily, weekly and monthly trend. Although we bounced off a demand for a nice 200+ pip move up, price is currently sitting in daily supply. Don't get excited about longs at these prices, institutional order flow is against you. Long term targets = 1.1000 & ultimately 1.0750. Just my perspective.
Not bad, but monthly is against you, because its more than obviously a buy...lower charts will follow
  • #1,145,762
  • Nov 16, 2018 11:51am Nov 16, 2018 11:51am
Quoting BillionareFx
{quote} Not bad, but monthly is against you, because its more than obviously a buy...lower charts will follow
Can you post your logic on the monthly trend, in chart form that is. I like seeing others' perspective.
  • #1,145,763
  • Nov 16, 2018 11:53am Nov 16, 2018 11:53am
Sold some at 114.16 but watching 40-43 area for more serious selling , IF SEEN...................

  • #1,145,764
  • Nov 16, 2018 12:02pm Nov 16, 2018 12:02pm
1.1157 Will Be Achieved Next Week
Patterns have an underlying mathematical structure.
  • #1,145,765
  • Nov 16, 2018 12:19pm Nov 16, 2018 12:19pm
Quoting BillionareFx
{quote} Not bad, but monthly is against you, because its more than obviously a buy...lower charts will follow

I honestly can't see how you think the monthly is bullish.
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  • #1,145,766
  • Nov 16, 2018 1:18pm Nov 16, 2018 1:18pm
Quoting mbrown
{quote} I honestly can't see how you think the monthly is bullish. {image}
agreed, a pullback from last months bear candle is normal from good support, we have our new low, I see nothing to say bulls have arrived on monthly
If you are new to Forex? Say Goodbye to your account!!
  • #1,145,767
  • Nov 16, 2018 7:59pm Nov 16, 2018 7:59pm
Quoting Amir_Forex
1.1157 Will Be Achieved Next Week
This Guy is super solid!

Cheers man!
Just retired from University
  • #1,145,768
  • Nov 16, 2018 8:05pm Nov 16, 2018 8:05pm
Quoting Miracleforex
A good day today, no trading day for me. In a way, if I had been brave in the morning, I would have bought it. Anyways, it's ok. No profit, and time and opportunity loss. But it's been an awesome day. A good lecture, new students and now meeting a long time associate, friend and a self proclaimed financial scientist over beer. As I write this, he says market may close at 1.1350-60 zone. If he's right, he gets 2 beers from me and if wrong he buys me 2 chilled cans. Party starts now.
I won my 2 cans of chilled beer last night. Hurray! travelling back.
Just retired from University
  • #1,145,769
  • Nov 16, 2018 8:46pm Nov 16, 2018 8:46pm
Quoting BillionareFx
I think we will see a reversal of a daily chart soon, but first 4h needs to make a retrace, because it's currently overbought. monthly is obviously a buy, therefore lower charts will follow in my opinion. today we saw some nice movements in the right direction.

This guy is right.

Definitely retrace back to 1.1215 levels first in the next week and maybe a little less as Amir_ Forex suggest. I will buy 20 standard at 1.1215 and another 20 standard at 1.1150 to complete my purchase for a windfall gains coming in the end of this month. I may be wrong.

Don't know if this price hike will sustain the month end level but my projections is 1.1800. Sounds a bit crazy and I could be wrong. I am wrong most of the times and this is the beauty of our Forex business. We are wrong most of the times. But when we are right, we make a huge gain that is sufficient to cover our mistakes. The successful forex trader is one that makes flexible decisions and understands that TIME is his only MASTER. I have written more than 70 algos for institutional investors and friends in Dubai, India and Hong Kong with one thing in common- a disclaimer- None of these can give you a 100 % result. Manage your money well with appropriate Hedging.

So guys " buckle up " . 2 more weeks of crazy - high volatile trading coming up. I have a new batch of students - computer software experts, engineers and designers for a month in my Economics class to learn that demand and supply is a S*** and not real.

Good trading guys. Best wishes!

Disclaimer :- The above information is the opinion of the writer and does not constitute an investment advice. Please note investing in forex is a high risk business. You can loss some or all of your investment. Trade responsibly.

Additional disclaimer:- Please don't trade and drive.
Just retired from University
  • #1,145,770
  • Nov 17, 2018 1:30am Nov 17, 2018 1:30am
Very nice bounce 0n 1.1215 this week. Optimist end, short high bar wick.
On W1 we can expect correction or even major pull back if the 1.1500 - 1.1570 zone is hit.
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  • #1,145,771
  • Nov 17, 2018 3:54am Nov 17, 2018 3:54am
Quoting Miracleforex
{quote} This guy is right. Definitely retrace back to 1.1215 levels first in the next week and maybe a little less as Amir_ Forex suggest. I will buy 20 standard at 1.1215 and another 20 standard at 1.1150 to complete my purchase for a windfall gains coming in the end of this month. I may be wrong. Don't know if this price hike will sustain the month end level but my projections is 1.1800. Sounds a bit crazy and I could be wrong. I am wrong most of the times and this is the beauty of our Forex business. We are wrong most of the times. But when we...
Funny how many can't read the monthly chart (it made higher high and higher low is forming, so nice entry point will occur when lower charts will become a buy ). Thanks for your confirmation of my opinion.
  • #1,145,772
  • Nov 17, 2018 5:57am Nov 17, 2018 5:57am
Quoting mbrown
{quote} I honestly can't see how you think the monthly is bullish. {image}
Sorry Max.... I see 1.40 odd in my tarot cards. I know how weird that sounds.

As far as the present time is concerned... I believe we have seen the high for now with a pull back on the cards for next week. Maybe 1305-1320?
  • #1,145,773
  • Nov 17, 2018 5:58am Nov 17, 2018 5:58am
I think EURUSD go to up yet, now we will see the waves 4 and 5. Finishing between 1.146 / 1.154

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Together we can be strongest
Vantage Return This Month: na
  • #1,145,774
  • Nov 17, 2018 6:02am Nov 17, 2018 6:02am
Quoting palpite
I think EURUSD go to up yet, now we will see the waves 4 and 5. Finishing between 1.146 / 1.154 {image}
Don't you like false breaks Palpite? By the way I have not been able to find Palpite City on the map. What state are you in?
  • #1,145,775
  • Nov 17, 2018 6:26am Nov 17, 2018 6:26am
Quoting directxxx
{quote} Don't you like false breaks Palpite? By the way I have not been able to find Palpite City on the map. What state are you in?
SP. I love fake breakouts. Why you want to know where i am, you want mary with me?
Together we can be strongest
Vantage Return This Month: na
  • #1,145,776
  • Nov 17, 2018 6:30am Nov 17, 2018 6:30am
Quoting directxxx
{quote} Sorry Max.... I see 1.40 odd in my tarot cards. I know how weird that sounds. As far as the present time is concerned... I believe we have seen the high for now with a pull back on the cards for next week. Maybe 1305-1320?
When Frank? The week after next?
  • #1,145,777
  • Nov 17, 2018 8:24am Nov 17, 2018 8:24am
Quoting palpite
{quote} SP. I love fake breakouts. Why you want to know where i am, you want mary with me?
Nah. I already have a Brasilera.... nao preciso mais..... You listed it in your profile dumb shit!!! Where is it? By the way I LOVE FALSE BREAKS
  • #1,145,778
  • Nov 17, 2018 8:25am Nov 17, 2018 8:25am
Quoting mbrown
{quote} When Frank? The week after next?
Decemberish Max there or thereabouts... also keep your eye open for 1.1430 mate..
  • #1,145,779
  • Nov 17, 2018 8:31am Nov 17, 2018 8:31am
Quoting directxxx
{quote} Nah. I already have a Brasilera.... nao preciso mais..... You listed it in your profile dumb shit!!! Where is it? By the way I LOVE FALSE BREAKS
In your imagination fck asshole.
Together we can be strongest
Vantage Return This Month: na
  • #1,145,780
  • Edited 8:50am Nov 17, 2018 8:38am | Edited 8:50am
Quoting palpite
{quote} In your imagination fck asshole.
My wife IS Brasilian from Florianoplis S.C. and you DID put your location from Palpite City Brasil. I simply asked what state in Brasil is Palpite City. Who is the FUCKING ASSHOLE?? Apology accepted I appreciate English is not your first language.
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