I think it will touch 1.14230 then 1.14350 before falling back to range trade around 1.14060 after frankie open. will open short at these levels then scalp until us open
- #62,303
- Nov 22, 2018 11:32pm Nov 22, 2018 11:32pm
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
For those interested in the past 1.1417 ish comes form 2017
The market is still testing this fib, keep in mind 2017 may have produced a significant low
I have a time line for today which could turn the market but US holiday is still screwing PA
My guess is it won't stray too far form 1.1417 but stranger things ...
Good luck
All charts/ideas based on UK time zone
- #62,304
- Nov 23, 2018 12:14am Nov 23, 2018 12:14am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Good Morning,
Still holding long from 1.1385, though my TP1 got hit yesterday, Holding for TP2 & TP3, Bias: Long = Buy Deep
Reasons: If we get green EU data today , will add more long. I have started to build my mid term positions, I see Dollar easing from here slowly towards 2019 spring & onwards. FED already signalled that will step in to dampen the pace of rate hikes & could take a pause after normalization. We just need some positive EU data and news. Ms Markel will see her term in office , Italy PM signalled compromising on budget issue. Brexit may have some good news (Current deal GBP positive, New referendum GBP Positive= win win situation) , ECB rate hikes next year. Most of the bad news about EU already pried in, she still might revisit 1.12 to create a double bottom but I will take that as opportunity to increase my midterm holding towards initial target 1.23 aligned with JP Morgan
2019 is just right on the corner 
Happy Trading.
Still holding long from 1.1385, though my TP1 got hit yesterday, Holding for TP2 & TP3, Bias: Long = Buy Deep
Reasons: If we get green EU data today , will add more long. I have started to build my mid term positions, I see Dollar easing from here slowly towards 2019 spring & onwards. FED already signalled that will step in to dampen the pace of rate hikes & could take a pause after normalization. We just need some positive EU data and news. Ms Markel will see her term in office , Italy PM signalled compromising on budget issue. Brexit may have some good news (Current deal GBP positive, New referendum GBP Positive= win win situation) , ECB rate hikes next year. Most of the bad news about EU already pried in, she still might revisit 1.12 to create a double bottom but I will take that as opportunity to increase my midterm holding towards initial target 1.23 aligned with JP Morgan
2019 is just right on the corner Happy Trading.
Trades technical moves enforced by fundamentals
- #62,305
- Nov 23, 2018 12:20am Nov 23, 2018 12:20am
- Joined Nov 2018 | Status: Trader | 4,643 Posts
ex nihilo
- #62,307
- Nov 23, 2018 12:24am Nov 23, 2018 12:24am
- Joined Jun 2013 | Status: Trader | 14,550 Posts
Good Morning Guys! Happy Thanksgiving. Turkey is ready, you are all invited for the Feast. Do bring some PIPS for me
- #62,309
- Nov 23, 2018 12:35am Nov 23, 2018 12:35am
- Joined Jun 2018 | Status: An ordinary brother | 4,596 Posts
I am expecting someone to ask "What was that?" 
- #62,314
- Nov 23, 2018 12:39am Nov 23, 2018 12:39am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
{quote} closed all (TGIF) will see u Traders monday happy Trading{image}
Self discipline It is a practice
- #62,316
- Nov 23, 2018 12:41am Nov 23, 2018 12:41am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #62,317
- Nov 23, 2018 12:42am Nov 23, 2018 12:42am
- Joined Sep 2018 | Status: Trader | 11,178 Posts
PA Return Today:
na
- #62,318
- Nov 23, 2018 12:43am Nov 23, 2018 12:43am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
{quote} after close my long did a short lucky me
Self discipline It is a practice
- #62,319
- Nov 23, 2018 12:47am Nov 23, 2018 12:47am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} Stop out?
1:3 Position.But short term I will continue to play.
Trades technical moves enforced by fundamentals