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  • #68,741
  • Dec 19, 2018 7:07am Dec 19, 2018 7:07am
Quoting LCForex
becareful 1.1430 tecnically still in cards!!!
1.1430
Don't believe me just watch!
  • #68,742
  • Dec 19, 2018 7:09am Dec 19, 2018 7:09am
EASY +45 PIPS!
https://www.forexfactory.com/showthr...1#post11810321

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My best trade for this week.
TMT Scalping System (Best system on FF)
  • #68,743
  • Dec 19, 2018 7:09am Dec 19, 2018 7:09am
Set limit for longs at 1.1465, going to bed. Either it gets there or it doesn't - but no money will be lost.
  • #68,744
  • Dec 19, 2018 7:10am Dec 19, 2018 7:10am
Quoting v2vboni
{quote} Since FED is data dependent as always... The straightforward action is a rate hike. However, a dovish FED may be due to tightening financial condition. BUT, if no rate hike... this may be due to already tightening financial conditions ; )─ or skip this month and the gradual rate hike starts by January. Tightening financial stability metric {image} FED dots {image}
Fed will raise 25 bp today. They know the consequences the fury of the financial storm they would unleash if they did not (remember Lehman?)

Question is, do they cut back on expected hikes in 2019?
Ecclesiastes 1:9
  • #68,745
  • Dec 19, 2018 7:10am Dec 19, 2018 7:10am
Quoting knkie
{quote} I happen to have Fib'd the Swng High on 10 december to Swng Low on 14 december and the 1.272 would set my target @ 1.1490 That would net me more than 70 pips... Im not so sure it will make it that far lol
Remember the 1st line in the sand every day ,, quarterlies work no different ,, just a lot longer playing out but it does play out ,, bigger picture ,, a few levels to hold or fold but the being in love with down side right now may not be the paying option , nothing happens in a hurry here lol time will tell
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  • #68,746
  • Dec 19, 2018 7:12am Dec 19, 2018 7:12am
Quoting newbegger
{quote} Ok, already moved entries to 1.1470 area, looks like 1.1440 will happen before London close and my play is to catch the FOMC spike up, not already holding shorts in the red when FOMC hits. I will watch during speech if I get hits to determine if I will hold or fold.
i think price should be somewhere in the middle of daily range before rate announcement, reason I'm short now is to catch the retracement downward before news
  • #68,747
  • Dec 19, 2018 7:12am Dec 19, 2018 7:12am
Eur is a bit overbought right now, traders digging a little too deep into analysts sentiment on a dovish fed news causing spiking before they announced anything. This looks like a classic buy the rumor sell the news situation.
Follow my trading progress on Instagram: rags2millions
  • #68,748
  • Dec 19, 2018 7:18am Dec 19, 2018 7:18am
Quoting djvanryan
Eur is a bit overbought right now, traders digging a little too deep into analysts sentiment on a dovish fed news causing spiking before they announced anything. This looks like a classic buy the rumor sell the news situation.
0n the contrary, Eu is a bit oversold right now
Take care
Trade to trade another day
  • #68,749
  • Dec 19, 2018 7:22am Dec 19, 2018 7:22am
Quoting slowbrain
{quote} Days like today ( FOMC .... NFP) i just wait 15 mn after the news to open positions . ( i'm not smart enough to guess the right direction) to be a successful trader you don't need to be smart ......
I agree. I tend to just observe, plenty of other days to trade. Missing one day won't hurt.
  • #68,750
  • Dec 19, 2018 7:23am Dec 19, 2018 7:23am
Quoting Wavegarrick
{quote} 0n the contrary, Eu is a bit oversold right now Take care
How is it oversold right now?
Euro is in trouble with slowing economy, migration issues, riots, trade deficits, etc. All the while US economy is strong, housing market is still growing,... then a few analysts say the big growth is slowing a little and everyone freaks out saying it's the end of US and buys Euros.... lol euro is being pump-and-dumped
Follow my trading progress on Instagram: rags2millions
  • #68,751
  • Dec 19, 2018 7:26am Dec 19, 2018 7:26am
Added shorts at 1.1438 / hr4 stoch overbought and its match with my view,

Trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #68,752
  • Dec 19, 2018 7:28am Dec 19, 2018 7:28am
Quoting digger1
{quote} Remember the 1st line in the sand every day ,, quarterlies work no different ,, just a lot longer playing out but it does play out ,, bigger picture ,, a few levels to hold or fold but the being in love with down side right now may not be the paying option , nothing happens in a hurry here lol time will tell {image}
thanx digger
I actually have a text document where i place "Digger Quotes" that help me
"Remember the 1st line in the sand every day" is in there now
in wondering about yourself, you forgot what you came here to be part of
  • #68,753
  • Dec 19, 2018 7:29am Dec 19, 2018 7:29am
Quoting djvanryan
{quote} How is it oversold right now? Euro is in trouble with slowing economy, migration issues, riots, trade deficits, etc. All the while US economy is strong, housing market is still growing,... then a few analysts say the big growth is slowing a little and everyone freaks out saying it's the end of US and buys Euros.... lol euro is being pump-and-dumped
My analysis is it will get to 1.1550 area before going down again. But will see...what do you think?
  • #68,754
  • Dec 19, 2018 7:29am Dec 19, 2018 7:29am
Quoting knkie
{quote} thanx digger I actually have a text document where i place "Digger Quotes" that help me "Remember the 1st line in the sand every day" is in there now
Your probably starting to feel like ya need a John Deere if ya got many of them tucked away lol
  • #68,755
  • Dec 19, 2018 7:29am Dec 19, 2018 7:29am
Quoting Almo2312
Added shorts at 1.1438 / hr4 stoch overbought and its match with my view, Trade safe
I see the same here too sir. Add fed news coming up later. May we be blessed with some profits
A 1 pip gain is better than a 1 pip loss.
  • #68,756
  • Dec 19, 2018 7:31am Dec 19, 2018 7:31am
Quoting djvanryan
{quote} How is it oversold right now? Euro is in trouble with slowing economy, migration issues, riots, trade deficits, etc. All the while US economy is strong, housing market is still growing,... then a few analysts say the big growth is slowing a little and everyone freaks out saying it's the end of US and buys Euros.... lol euro is being pump-and-dumped
It does not work like that in the real forex world my friend. Trade your trade and I don't dispute anything you say. Price action is key.

Take care
Trade to trade another day
  • #68,757
  • Dec 19, 2018 7:34am Dec 19, 2018 7:34am
Quoting Wavegarrick
{quote} It does not work like that in the real forex world my friend. Trade your trade and I don't dispute anything you say. Price action is key. Take care
It is not near oversold. It is a strategy of pump and dump further down.

Take care.
  • #68,758
  • Dec 19, 2018 7:36am Dec 19, 2018 7:36am
Quoting Oc6oph
Probably going back up to 1.1430 area so I closed shorts long at 1.1312 tp 1.1430 sl 23 pips
Short 1.1430 sl 33 pips tp 1.1330
ex nihilo
  • #68,759
  • Dec 19, 2018 7:36am Dec 19, 2018 7:36am
I'll try to swing trade. Wish me Luck

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There is no perfect system
  • #68,760
  • Dec 19, 2018 7:39am Dec 19, 2018 7:39am
Quoting Techanalyst
{quote} My analysis is it will get to 1.1550 area before going down again. But will see...what do you think?
Probably going down to 1.1330 area
ex nihilo
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