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EURUSD only

  • #67,461
  • Dec 13, 2018 10:03am Dec 13, 2018 10:03am
Quoting kayikayi
{quote} 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)
Thanks. "For the rest of today", I have 1.1363 where I will start to look for sell setups. And I have 1.1321 where supportive action would kick in again in case this goes lower.

Stay Green
Focus only on what truly matters!
  • #67,462
  • Dec 13, 2018 10:03am Dec 13, 2018 10:03am
Quoting Ata-Turkoglu
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

The old wash rinse and repeat........we ride it up and down
4&1 All Time Profit: $37,496
  • #67,463
  • Dec 13, 2018 10:03am Dec 13, 2018 10:03am
am i the only one that saw some positives in Draghis speech? tho started negative but there were more positives
  • #67,464
  • Dec 13, 2018 10:06am Dec 13, 2018 10:06am
Okay. It didnt put in a new low before the powerful spike. Seems like a double bottom. I'll wait to sell higher. EU never gives you easy pips. Lol...
  • #67,465
  • Dec 13, 2018 10:11am Dec 13, 2018 10:11am
1358 can attract 1393
  • #67,466
  • Dec 13, 2018 10:17am Dec 13, 2018 10:17am
Quoting MzansiObi
{quote} The old wash rinse and repeat........we ride it up and down
For the "Selling the touch to Dashed Blue TL" part I agree, yes, BUT for "selling after the BLUE TL breakout" I would say be careful.

Why? Because the magnetic level 1.1338 will probably interfere. Therefore we have to be careful with supportive PA even after having a BLUE TL breakout. That's why it is even wiser to sell already at Dashed BLUE TL touch. That way we can lean back and watch any potential rejection without worrying for getting stopped out easily. I hope it helps.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Outlook.png Size: 61 KB
Focus only on what truly matters!
  • #67,467
  • Dec 13, 2018 10:21am Dec 13, 2018 10:21am
All support for Eu will go down,i prefer to sell high,

I think we may see tomorrow 1.3 cracking down

Just my humble opinion .

Trade safe.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #67,468
  • Dec 13, 2018 10:23am Dec 13, 2018 10:23am
Quoting Chargin17
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
Yes big money aint gonna give up easily on EU....a lot of capital and interests in that zone, but trust me the day they get "it", they would discreetly untie all the knots, slush around the funds to safe shores (ie Dow, S&P and US private debt) and then turn around and short the EURUSD to oblivion!!

But it seems like it won't happen this year at least..

Chart is showing flats and consolidations, all signs of resistance to the fatal outcome.
  • #67,469
  • Dec 13, 2018 10:28am Dec 13, 2018 10:28am
The ECB's asset purchasing program — under which the bank bought more than 2.6 trillion euros ($2.9 trillion) — was introduced in March 2015 in a bid to rescue the euro zone economy from deflationary forces and rebuild confidence.

https://www.cnbc.com/2018/12/13/ecb-...h-worries.html

thats alot of money to keep floating the currency.....if he starts easing off those purchases the euro may hit parity LOL
buy the rumor,sell the news
  • #67,470
  • Dec 13, 2018 10:29am Dec 13, 2018 10:29am
I'm waiting for that drop for a long time. But it seems like it never goes down, and with every slighlt poisitve note, it rushes up.
  • #67,471
  • Dec 13, 2018 10:32am Dec 13, 2018 10:32am
Quoting wasntme
The ECB's asset purchasing program — under which the bank bought more than 2.6 trillion euros ($2.9 trillion) — was introduced in March 2015 in a bid to rescue the euro zone economy from deflationary forces and rebuild confidence. https://www.cnbc.com/2018/12/13/ecb-...h-worries.html thats alot of money to keep floating the currency.....if he starts easing off those purchases the euro may hit parity LOL

I told you Wasntme a long time ago....the dude is stuck...his back to the wall and crisis charging at him....he won't stop easing under his watch, he is gonna kick the can down the road so the blame is elsewhere.. But he is responsible for 0% interest rate at least....the debt structure of the EU zone is the real culprit though.
  • #67,472
  • Edited 10:53am Dec 13, 2018 10:34am | Edited 10:53am
Back again. Been out on my bike, as it was a beautiful sunny day here and I was not going to let it pass me by. Price action has been sneaky, reversed into my stop and now it looks like price is going to form an AB = CD pattern. Back in again with a long position. Would like to have a better risk, must stick to my risk management though

P.S. Stop was at BE !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-4-hours.png Size: 62 KB
Don't wait for the wind, take to the oars.
  • #67,473
  • Dec 13, 2018 10:38am Dec 13, 2018 10:38am
Quoting kayikayi
{quote} I told you Wasntme a long time ago....the dude is stuck...his back to the wall and crisis charging at him....he won't stop easing under his watch, he is gonna kick the can down the road so the blame is elsewhere.. But he is responsible for 0% interest rate at least....the debt structure of the EU zone is the real culprit though.

LOL..you did...i always joked a comet would have to hit the earth for the euro to hit parity but i didnt know they were buying up that much
buy the rumor,sell the news
  • #67,474
  • Dec 13, 2018 10:49am Dec 13, 2018 10:49am
Quoting wasntme
{quote} LOL..you did...i always joked a comet would have to hit the earth for the euro to hit parity but i didnt know they were buying up that much
hahahaha no comet needed, just turn off the spigot and all will dry out and crack.

Also, DeutschBank is in trouble (nasty derivatives on the books)....what did Merkel do? approved to merge it with another ailing German bank Commerz.
Word is this transaction is supported by the government....

and if true (haven't ascertained my sources) isn't that the biggest double standard proof, when the same kind of solutions is refused to Italy and other countries.

I am in Miti's camp.....short the Euro highs until we catch the nice impulse down that will afford us our dreams lol lol
  • #67,475
  • Dec 13, 2018 10:51am Dec 13, 2018 10:51am
Quoting wasntme
The ECB's asset purchasing program — under which the bank bought more than 2.6 trillion euros ($2.9 trillion) — was introduced in March 2015 in a bid to rescue the euro zone economy from deflationary forces and rebuild confidence. https://www.cnbc.com/2018/12/13/ecb-...h-worries.html thats alot of money to keep floating the currency.....if he starts easing off those purchases the euro may hit parity LOL
They didn't buy 2.6 Trillion of Euros in the currency market, if they did EUR/USD would be at 1.85 or higher. They just created that money and bought assets that is why the Euro is down because they thinned out the currency.

Again if they had bought 2.6 Trillion in the currency market that would be a trade that everyone would be following and no one would be short the Euro through that action.
  • #67,476
  • Dec 13, 2018 10:55am Dec 13, 2018 10:55am
Quoting Pleiadian
Back again. Been out on my bike, as it was a beautiful sunny day here and I was not going to let it pass me by. Price action has been sneaky, reversed into my stop and now it looks like price is going to form an AB = CD pattern. Back in again with a long position. Would like to have a better risk, must stick to my risk management though {image}
I'm with you, we have yet another higher low. The last few Fridays tend to trade thin and have a big move opposite the previous day. I'm not long yet but looking for an entry point now.

Best wishes!
  • #67,477
  • Dec 13, 2018 10:57am Dec 13, 2018 10:57am
Quoting asyurei3
{quote} They didn't buy 2.6 Trillion of Euros in the currency market, if they did EUR/USD would be at 1.85 or higher. They just created that money and bought assets that is why the Euro is down because they thinned out the currency. Again if they had bought 2.6 Trillion in the currency market that would be a trade that everyone would be following and no one would be short the Euro through that action.

im too lazy to research what they did and how they did it. im sure they didnt buy euros thru oanda or FXCM lol but sounds like they took out almost 3 trillion euro from the market or maybe i read the article wrong...they sold bonds and took in those euros so we couldnt short them
buy the rumor,sell the news
  • #67,478
  • Dec 13, 2018 10:58am Dec 13, 2018 10:58am
Quoting Dingoman-two
{quote} Not tonight i am afraid {image}
Hi dingoman.
The market pivot shows us bull for the moment
post #67420
  • #67,479
  • Dec 13, 2018 10:59am Dec 13, 2018 10:59am
Quoting SnaveForex
1358 can attract 1393
Area of interest. Where we dropped hard from
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 38 KB
  • #67,480
  • Dec 13, 2018 11:00am Dec 13, 2018 11:00am
Quoting irinsexpert
{quote} Hi dingoman. The market pivot shows us bull for the moment post #67420
atm

NOT FOR LONG..
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