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EURUSD only

  • #62,341
  • Nov 23, 2018 4:03am Nov 23, 2018 4:03am
Quoting digger1
{quote} Anything possible but probably be dead for a bit with holiday and london closed up ,but thin liquidity can lead to things lol ,, one more picture for you ,, 1450 is a neckline area ,, you can see where the quarterly low was ,, and a reason for a bounce there and the reason for the scrapping at current level ,, its always the shoulders ,, look at your monthly and on a daily chart all the shoulders for the sell patterns in the 2 year range on the monthly . Its all connected . the mkt gives you the levels it uses ,,level hold or fold ,, dont...

Hey Digger;
thanx for your reply, I do appreciate the time you take to share your experience.
I wanna get this shoulder thing correct because I tend to enter trades too early and it probably has to do with this shoulder concept.
I have drawn two situations...and have some questions if its ok:

- Am I labeling the shoulder correctly?
- I usually try to enter at nr. 1 or nr. 3...but you are saying enter at nr. 2 or nr.4 ????
- do you consider both situations valid setups?

thanx in advance digger
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in wondering about yourself, you forgot what you came here to be part of
  • #62,342
  • Nov 23, 2018 4:05am Nov 23, 2018 4:05am
Quoting kayikayi
{quote} Eng maaaan...parity it is my friend don't ever doubt that we have a huge flat in front of us...the end of it will be 1.16 or 1.18....a bit more if life smiles up to Europe in the next few months...but destiny is here to take place lol lol you earn your haul and shopping in europe will be super cheap too!!! double whammy for the skilled Eng! Get ready to stuff your face for pennies with delicacies like "Mousse de Truffe a la mangue et pistache" lol lol
I stashed a good amount of USD (like literally paper notes from the moneychanger) awhile back because it was going up against my currency. If 1.08 comes I'd save a boatload! So excited hah always wanted to head to that side of the world.

Back to EURUSD though, I'm not too sure about 1.16 or even 1.18 (sure seems like a long long way away), but at the very least a tag at 1.1450 or 1.1500 is due before the next downmove. I would presume today's down, if 1.1365 doesn't hold, would still be capped at 1.1350. But we'll see. Best wishes for your trade! >100 pips in a single trade here you come!
You hesitate, you masturbate.
  • #62,343
  • Nov 23, 2018 4:10am Nov 23, 2018 4:10am
Quoting engweijie
{quote} I stashed a good amount of USD (like literally paper notes from the moneychanger) awhile back because it was going up against my currency. If 1.08 comes I'd save a boatload! So excited hah always wanted to head to that side of the world. Back to EURUSD though, I'm not too sure about 1.16 or even 1.18 (sure seems like a long long way away), but at the very least a tag at 1.1450 or 1.1500 is due before the next downmove. I would presume today's down, if 1.1365 doesn't hold, would still be capped at 1.1350. But we'll see. Best wishes for your...
come visit Amsterdam !
in wondering about yourself, you forgot what you came here to be part of
  • #62,344
  • Nov 23, 2018 4:12am Nov 23, 2018 4:12am
Quoting engweijie
{quote} I stashed a good amount of USD (like literally paper notes from the moneychanger) awhile back because it was going up against my currency. If 1.08 comes I'd save a boatload! So excited hah always wanted to head to that side of the world. Back to EURUSD though, I'm not too sure about 1.16 or even 1.18 (sure seems like a long long way away), but at the very least a tag at 1.1450 or 1.1500 is due before the next downmove. I would presume today's down, if 1.1365 doesn't hold, would still be capped at 1.1350. But we'll see. Best wishes for your...

Walking down Orchard Road, followed by Dinner at Clarke's Quay is pretty cool too! ;-)
  • #62,345
  • Nov 23, 2018 4:15am Nov 23, 2018 4:15am
Quoting TightStops
{quote} Walking down Orchard Road, followed by Dinner at Clarke's Quay is pretty cool too! ;-)
I work around the area and when you spend every day there the novelty dies off quick. Also gets expensive for day-to-day hah. Drop a note next time you visit, beers on me

Quoting knkie
{quote} come visit Amsterdam !
I have plans to next summer haha definitely on the bucket list.
You hesitate, you masturbate.
  • #62,346
  • Nov 23, 2018 4:18am Nov 23, 2018 4:18am
Quoting engweijie
{quote} I work around the area and when you spend every day there the novelty dies off quick. Also gets expensive for day-to-day hah. Drop a note next time you visit, beers on me {quote} I have plans to next summer haha definitely on the bucket list.
well if yo make it here let me know...should you so wish.
in wondering about yourself, you forgot what you came here to be part of
  • #62,347
  • Nov 23, 2018 4:18am Nov 23, 2018 4:18am
Quoting engweijie
{quote} I work around the area and when you spend every day there the novelty dies off quick. Also gets expensive for day-to-day hah. Drop a note next time you visit, beers on me {quote} I have plans to next summer haha definitely on the bucket list.
I've worked there many times. Jurong O&G ;-)
  • #62,348
  • Nov 23, 2018 4:18am Nov 23, 2018 4:18am
Looks like EU getting support from latest news flows even after the RED data, news continues flowing and it is mostly supportive of the common currency. After the European Commission recommended opening a disciplinary procedure against Italy, both sides seem keen to reach an agreement. Some Italian politicians have toned down their rhetoric. Moreover, there are reports that Paolo Savonna, a eurosceptic, will step down. The spreads between Italian and the benchmark German bunds are dipping below the psychologically significant level of 300 basis points. Plus upbeat rhetoric also comes from China and the US ahead of the summit between Presidents Donald Trump and Xi Jinping next weekend. Trump said that China wants a deal "very badly" while Chinese officials expressed hope for reaching an agreement.

Happy Trading
Trades technical moves enforced by fundamentals
  • #62,349
  • Nov 23, 2018 4:19am Nov 23, 2018 4:19am
Quoting engweijie
{quote} I stashed a good amount of USD (like literally paper notes from the moneychanger) awhile back because it was going up against my currency. If 1.08 comes I'd save a boatload! So excited hah always wanted to head to that side of the world. Back to EURUSD though, I'm not too sure about 1.16 or even 1.18 (sure seems like a long long way away), but at the very least a tag at 1.1450 or 1.1500 is due before the next downmove. I would presume today's down, if 1.1365 doesn't hold, would still be capped at 1.1350. But we'll see. Best wishes for your...
hum 1.18 looks too far...I am not sure about that...from a fundamentals perspective, big money ain't gonna give up on Euro Union easily or at least won't move their stacks USA side until all hope is killed...and god knows EURO heads aint gonna give up easy...they are gonna throw the kitchen sink at it and retain some semblance of economic power. So until then we are gonna go up and a down.


Ultimately you and your paper stash are gonna be happppyyyyy! just keep killing it everyday, who cares which way they wanna take this "colossal turd" (Diggz words lol lol) ?
  • #62,350
  • Nov 23, 2018 4:19am Nov 23, 2018 4:19am
Quoting engweijie
{quote} Reloaded shorts at 1.1383, sell limit at 1.1396, SL 1.1403. I think theres a wee bit more downside to come. Edit: SL to +2. See if 1.1365 holds or folds.

SL moved to 1.1375 (+8 pips locked). Sell limit cancelled because I’m still wary of the 1.1365 level. Was my original targeted buy zone so I still have that option weighing on my mind.

R: 1.1385 (few more M5 candles and both LWMAs will fall in line there as well), 1.1400

S: 1.1365, 1.1350. Expecting no lower than 1.1350 before moving up to tag 1.1450 and 1.1500 but if we do close below it I’ll throw that belief out and assume we’ll touch 1.1300 next week.

Quoting knkie
{quote} well if yo make it here let me know...should you so wish.
Dropped you a shout about my trip awhile back actually hahah
You hesitate, you masturbate.
  • #62,351
  • Nov 23, 2018 4:19am Nov 23, 2018 4:19am
okshop's range playing out currently. I'd rather it dropped to 50.
  • #62,352
  • Nov 23, 2018 4:24am Nov 23, 2018 4:24am
Just sell eurus and keep looking for selling opportunity until 1.11 to 1.10 level.
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  • #62,353
  • Nov 23, 2018 4:26am Nov 23, 2018 4:26am
Quoting kayikayi
{quote} hum 1.18 looks too far...I am not sure about that...from a fundamentals perspective, big money ain't gonna give up on Euro Union easily or at least won't move their stacks USA side until all hope is killed...and god knows EURO heads aint gonna give up easy...they are gonna throw the kitchen sink at it and retain some semblance of economic power. So until then we are gonna go up and a down. Ultimately you and your paper stash are gonna be happppyyyyy! just keep killing it everyday, who cares which way they wanna take this "colossal turd"...
1.08 is going to throw a lot of businesses out in the mud though. Again, I’m not much of a fundy guy but would the EU really let it sink that low...
You hesitate, you masturbate.
  • #62,354
  • Nov 23, 2018 4:27am Nov 23, 2018 4:27am
Quoting engweijie
{quote} {quote} Dropped you a shout about my trip awhile back actually hahah
Well so now I know that there is a shout function on my profile. I had not seen that before.
Apologies for not responding to that message !
in wondering about yourself, you forgot what you came here to be part of
  • #62,355
  • Edited 4:37am Nov 23, 2018 4:27am | Edited 4:37am
Quoting engweijie
{quote} Reloaded shorts at 1.1383, sell limit at 1.1396, SL 1.1403. I think theres a wee bit more downside to come. Edit: SL to +2. See if 1.1365 holds or folds.
Half of position closed at 1.13687 for +14 pips. SL for the rest moved to 1.13730 for +10 locked. Price seems to be supporting well. M1 candles are barely twitching.

Edit: Is that a... BREAK SL moved to 1.1367 (+16 pips locked)

Quoting knkie
{quote} Well so now I know that there is a shout function on my profile. I had not seen that before. Apologies for not responding to that message !
Haha no worries mate.
You hesitate, you masturbate.
  • #62,356
  • Nov 23, 2018 4:38am Nov 23, 2018 4:38am
Quoting engweijie
{quote} 1.08 is going to throw a lot of businesses out in the mud though. Again, I’m not much of a fundy guy but would the EU really let it sink that low...
charts say so, what's gonna cause it God only knows.
My wave theory mentor saw Oil hit 100$ few years ahead of it going there (in a time where all the alternative energy sources were all the rage photo voltaic, geothermal, wind turbines ....and all countries racing to spend max budgets etc), when fundies would confront him and destroy his projection with fundamental arguments, he answered: It is going to be $100, why? how? I dunno, but take it to the bank
  • #62,357
  • Nov 23, 2018 4:38am Nov 23, 2018 4:38am
EURUSD is only sell look for sell opportunity from any move up to sell back EU will keep falling until 1.11 to 1.10 level.
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  • #62,358
  • Nov 23, 2018 4:40am Nov 23, 2018 4:40am
Quoting engweijie
{quote} Reloaded shorts at 1.1383, sell limit at 1.1396, SL 1.1403. I think theres a wee bit more downside to come. Edit: SL to +2. See if 1.1365 holds or folds.
Closed at 1.13533 for +30 pips. Now here comes the real crucial level for the day - to buy or not to buy

Edit: Ah f*** bought a small test position (a third of usual trade size) at 1.13556, buy limit 1.1350. SL 1.1343.
You hesitate, you masturbate.
  • #62,359
  • Nov 23, 2018 4:42am Nov 23, 2018 4:42am
going to buy @ 1.1350
WMTP (Where is MahiN There is Problem)
  • #62,360
  • Nov 23, 2018 4:47am Nov 23, 2018 4:47am
Everything we waited for was correct. I mean the drop. We expected it all these days. Congrats to those who caught. I scalped like a surgeon yesterday and it was sweet. I missed the drop.

I'll buy support for a scalp, but make no mistake about it, like I said before no 1.15 before 1.13.
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