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EURUSD only

  • #67,441
  • Dec 13, 2018 9:28am Dec 13, 2018 9:28am
Quoting Coreg2004
{quote} No Miti, anything is possible.........for the market's structure students... the second chart is an excerpt from the course on Andrew's pitchfork posted some time ego by @mbrown when he was with us. One of the sections treated about market structure...good read. {image} {image}
I appreciate your explanation and I respect your targets as they usually hit. On this particular occasion I feel the fundamentals override technicals. If the ECB's Draghi doesn't see anything good for the Euro even up to 2020 I don't think I'll stick my neck out to buy it.

That 1.1430 is quite possible as you said. If I see it, with the current economic sentiment surrounding the Euro, I'll sell it.
  • #67,442
  • Dec 13, 2018 9:40am Dec 13, 2018 9:40am
I forgot to take a screen shot when the move happened. Took a short at 1.1371 where the blue box is which where the manipulation happened. Stop loss was at 1.1383 and took profit at 1.1342. Good profit.

On a daily the price is still ranging between 1.1280 - 1.1440. It needs to break either levels to confirm the direction. So far looks bearish, if it breaks below 1.1300 and below 1.1280, it is definitely bearish long term.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDDaily.png Size: 39 KB
  • #67,443
  • Dec 13, 2018 9:41am Dec 13, 2018 9:41am
Quoting wasntme
{quote} why not
Cause that index is made it for FXCM only. Only client from them use it no the rest of the world
Don't believe me just watch!
  • #67,444
  • Dec 13, 2018 9:42am Dec 13, 2018 9:42am
Quoting Mitiblotch
{quote} I appreciate your explanation and I respect your targets as they usually hit. On this particular occasion I feel the fundamentals override technicals. If the ECB's Draghi doesn't see anything good for the Euro even up to 2020 I don't think I'll stick my neck out to buy it. That 1.1430 is quite possible as you said. If I see it, with the current economic sentiment surrounding the Euro, I'll sell it.
I just took a long at 1.13362. but half of my normal position.
I have another pending buy at 1.131200. Position will be for the remaining half of my std lot.


Stay Green
4&1 All Time Profit: $37,496
  • #67,445
  • Dec 13, 2018 9:43am Dec 13, 2018 9:43am
It's coming
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2018-12-13 17.11.31_1.jpg Size: 159 KB
yes yes yes
  • #67,446
  • Dec 13, 2018 9:43am Dec 13, 2018 9:43am
Quoting LCForex
A story is better telling with picture! {image} {image} {image}
TP 1.1317 to close all for now
Don't believe me just watch!
  • #67,447
  • Dec 13, 2018 9:46am Dec 13, 2018 9:46am
Quoting LCForex
{quote} TP 1.1317 to close all for now
It will be nice if 1.1300 is breached tonight. Don't you think so? First of all I need some rise to sell more.
  • #67,448
  • Dec 13, 2018 9:46am Dec 13, 2018 9:46am
Quoting wasntme
{quote} id rather have the story LCF ...im not a fan of trendlines drawn with hindsite...there so many books written showing them off i always wondered why the author botherd to write a book when he can make millions in one day ....no offence meant LCF but that red trendline if youve used it real time would have been started from the first low not the second... atleast ata draws them realtime. im a price and volume trader and fxcm dollar chart gives me good signals with the volume...i only draw horizontal ones
Dont worry if you dont get it now how i make my lines. The volumen is only from fxm clients. There is not volumen indicator to show the real volumen in forex
Don't believe me just watch!
  • #67,449
  • Dec 13, 2018 9:48am Dec 13, 2018 9:48am
Reminder: a clear hourly close below 1.1338 will confirm further drop. (12 more minutes for H1 candle close) Let's see..

Stay Green
Focus only on what truly matters!
  • #67,450
  • Dec 13, 2018 9:49am Dec 13, 2018 9:49am
Quoting Mitiblotch
{quote} It will be nice if 1.1300 is breached tonight. Don't you think so? First of all I need some rise to sell more.
Yes! I prefer to close there and wait the bounce, if it happens
Don't believe me just watch!
  • #67,451
  • Dec 13, 2018 9:49am Dec 13, 2018 9:49am
Quoting Moty
Are you ready for the bull's run ? {image}
With all due respect, I find that very improbable. Why would the pair appreciate off such a dovish rub from Mario? Maybe 20 or 30 points throughout today.. but any retrace towards the 1.14 figure is going to be met with tons of players offering the Euro.
Patience is key
  • #67,452
  • Edited 10:11am Dec 13, 2018 9:51am | Edited 10:11am
Quoting LCForex
{quote} Cause that index is made it for FXCM only. Only client from them use it no the rest of the world

thats a plus in my book ...but seriously i cant use dxy or whatever other index which specifically is made for options traders since they dont have volume,,,back in the day when i was in futures and you know they rollover and you lose the history id look at FXE and SPY etf's just for the volume when i wanted to check weekly or monthly charts...us volume guys have to jump thru hoops sometimes if we dont want to be confused by indicators.

i forgot DIA
buy the rumor,sell the news
  • #67,453
  • Edited 10:03am Dec 13, 2018 9:52am | Edited 10:03am
Quoting seenkat
{quote} With all due respect, I find that very improbable. Why would the pair appreciate off such a dovish rub from Mario? Maybe 20 or 30 points throughout today.. but any retrace towards the 1.14 figure is going to be met with tons of players offering the Euro.
God bless your soul! In fact, I need some bounce so I can sell again. I'd really like some bounce right now. It's not everyday you have fundamentals coinciding with technicals, and when that happens you take it with both hands!
  • #67,454
  • Dec 13, 2018 9:54am Dec 13, 2018 9:54am
6 minutes to hourly candle close and we see already sort of rejection. Careful here dear bears, at least wait for a retest towards 1.1363 area to sell high again.

Stay Green
Focus only on what truly matters!
  • #67,455
  • Dec 13, 2018 9:55am Dec 13, 2018 9:55am
Quoting LCForex
{quote} Dont worry if you dont get it now how i make my lines. The volumen is only from fxm clients. There is not volumen indicator to show the real volumen in forex

i know...ive already pointed out couple times how each retail forex broker has different data thats why i switched back to futures
buy the rumor,sell the news
  • #67,456
  • Dec 13, 2018 9:56am Dec 13, 2018 9:56am
Quoting gatenio
{quote} define highs in today market?
Well, all this news reaction doesn't count for me. Also on my analysis upper bollinger band on daily at 1404 never touched so I think there is still potential to see that before any downside. I just picked the bottom. let see
  • #67,457
  • Dec 13, 2018 9:56am Dec 13, 2018 9:56am
Quoting Mitiblotch
{quote} God bless your soul! In fact, I need some bounce so I can sell again. I'd really like some bounce right now. It's not everyday you have fundamentals coinciding with T echnicals, and when that happens you take it with both hands!
Oh so you're just looking for a level to enter a short.. I thought you were going long on the day. My mistake.
Patience is key
  • #67,458
  • Dec 13, 2018 9:59am Dec 13, 2018 9:59am
Quoting Mitiblotch
{quote} I appreciate your explanation and I respect your targets as they usually hit. On this particular occasion I feel the fundamentals override technicals. If the ECB's Draghi doesn't see anything good for the Euro even up to 2020 I don't think I'll stick my neck out to buy it. That 1.1430 is quite possible as you said. If I see it, with the current economic sentiment surrounding the Euro, I'll sell it.
Miti, I day trade so fundamentals are not much important to me because I don't hold positions for a long time or even overnight...using technicals analysis I have the same approach like you and many others here, I trade from the zone to the zone, from the level to the level and the core for my decisions is: Dow's Theory, EW and harmonics...Which level will be hit for sure during the day? I don't know, I always go with the flow and the structure. At the end what counts the most is the setup time frame we are trading. Mine is a 30M chart which then I change to 15M for the purpose of day trading.
Always trade your own plan...I don't provide trading signals.
  • #67,459
  • Dec 13, 2018 10:00am Dec 13, 2018 10:00am
Quoting Ata-Turkoglu
Reminder: a clear hourly close below 1.1338 will confirm further drop. (12 more minutes for H1 candle close) Let's see.. Stay Green
Thanks for the reminders and the coaching thru news like this. Much appreciated!
Agreed, my level is 1.1333 and I think we won't get neither.
Then the other scenario of 1.1430 is gonna become more plausible.

and Moty is already in .......
Obi though got a better entry....hat's off (i got on the phone and missed)

Edit: might still come down in a spike and tag me
  • #67,460
  • Dec 13, 2018 10:03am Dec 13, 2018 10:03am
Pretty amazing how much continuous bad news comes out and the amount of support at 1.13 level
brexit, france, italy, us rates, ecb rates etc
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