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THE only Pattern

  • #8,201
  • Dec 19, 2018 2:37pm Dec 19, 2018 2:37pm
Oh dear, further drops for markets : expected however . If some remember the weekly H/S on Dax that I mentioned few months ago has now tumbled more then 2000 points since... the feeling is that there is more to come next year with Dow joining the very weak markets team, now convincingly under the 200 EMA..... watch out folks. It’s about to get even more perputual.........
It's in fear when people show what they truly value.
  • #8,202
  • Dec 19, 2018 3:08pm Dec 19, 2018 3:08pm
Quoting atheer1
BUY EU from 1.1380-90
It was broken down so closed with 10 pip loss
atheer1
  • #8,203
  • Dec 19, 2018 4:19pm Dec 19, 2018 4:19pm
Quoting atheer1
UJ I think on its way to 111.60-70 and may be lower unless 112 bulls have another opinion...........

You may be right but I'm wondering if this channel may hold?

Especially if the bears unwind their positions before the christmas break
Attached Image (click to enlarge)
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  • #8,204
  • Dec 19, 2018 4:24pm Dec 19, 2018 4:24pm
EURUSD

Well it's been a volatile day with 1.1430 seems to be the level

Frankly I'm bearish on the pair seeing as that trendline has been broken

I suppose tomorrow we'll see!
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Click to Enlarge Name: EURUSDH4.png Size: 69 KB
  • #8,205
  • Dec 19, 2018 5:48pm Dec 19, 2018 5:48pm
Quoting jmtini
{quote} You may be right but I'm wondering if this channel may hold? Especially if the bears unwind their positions before the christmas break {image}
They were(bears) holding position very will this month...................Tomorrow if they drive it again to 112-112.10.........then they may be holding
atheer1
  • #8,206
  • Dec 20, 2018 1:07am Dec 20, 2018 1:07am
Early in the day $ bulls are not in the mood..........let us see
atheer1
  • #8,207
  • Dec 20, 2018 1:15am Dec 20, 2018 1:15am
Quoting atheer1
Early in the day $ bulls are not in the mood..........let us see
indeed.. uj down as you said.
It's in fear when people show what they truly value.
  • #8,208
  • Dec 20, 2018 3:21am Dec 20, 2018 3:21am
News price action yesterday was just a pullback..........Glad that I took the other side............Long EU and GU and short UJ.........
atheer1
  • #8,209
  • Dec 20, 2018 5:46am Dec 20, 2018 5:46am
Quoting atheer1
News price action yesterday was just a pullback..........Glad that I took the other side............Long EU and GU and short UJ.........

GBP - Just pushing the price up for the big sell off to come IMHO!

We'll see if 1.2700 is the level
  • #8,210
  • Dec 20, 2018 7:43am Dec 20, 2018 7:43am
Quoting jmtini
{quote} GBP - Just pushing the price up for the big sell off to come IMHO! We'll see if 1.2700 is the level

I am looking for 1.2780 ...........may be I am wrong............I am just adding to my profit if it goes there..........let us see
atheer1
  • #8,211
  • Dec 20, 2018 9:45am Dec 20, 2018 9:45am
Quoting atheer1
{quote} I am looking for 1.2780 ...........may be I am wrong............I am just adding to my profit if it goes there..........let us see
Yes 1.27 looks holding for the 2nd time and the H4 up structure start to weaken........
atheer1
  • #8,212
  • Dec 20, 2018 9:52am Dec 20, 2018 9:52am
I am wondering if EU and GU will lose there historical correlation if brexit becomes a reality?
Ensale?
Jmtini?
witowito?
atheer1
  • #8,213
  • Dec 20, 2018 9:58am Dec 20, 2018 9:58am
Quoting atheer1
I am wondering if EU and GU will lose there historical correlation if brexit becomes a reality? Ensale? Jmtini? witowito?
I have wondered this myself actually....
It's in fear when people show what they truly value.
  • #8,214
  • Dec 20, 2018 10:06am Dec 20, 2018 10:06am
Quoting ensale
{quote} I have wondered this myself actually....
Any idea JvD3?
atheer1
  • #8,215
  • Dec 20, 2018 10:37am Dec 20, 2018 10:37am
Would anything fundamental change?
It's in fear when people show what they truly value.
  • #8,216
  • Dec 20, 2018 11:23am Dec 20, 2018 11:23am
Quoting ensale
Would anything fundamental change?
I think 1st of all that those 2 highly correlated currencies got this primarily from being members of the same economic union although with different currencies.....but very interconnected trade relationship.........and by no deal brexit this relationship loss on no ground to rebuild on will likely affect their past currencies correlation.......how and for how long?I don't think that anyone know.
atheer1
  • #8,217
  • Dec 20, 2018 11:26am Dec 20, 2018 11:26am
Today the Yen was the star and here we are approaching 111-111.10............as I expected
atheer1
  • #8,218
  • Dec 20, 2018 11:42am Dec 20, 2018 11:42am
Quoting atheer1
{quote} I think 1st of all that those 2 highly correlated currencies got this primarily from being members of the same economic union although with different currencies.....but very interconnected trade relationship.........and by no deal brexit this relationship loss on no ground to rebuild on will likely affect their past currencies correlation.......how and for how long?I don't think that anyone know.
I think that it is indeed because of the same economic union regardless of the different currency pairs, depending on what deal it will be.. we'll see what happens....

Obviously I'm not going to predict the future, that's not what our trading style is about

Inserted Video
  • #8,219
  • Dec 20, 2018 11:42am Dec 20, 2018 11:42am
Ensale do you remember when we discussed that early bearish move in indexes.......It was started from there
atheer1
  • #8,220
  • Dec 20, 2018 11:56am Dec 20, 2018 11:56am
Quoting JvD3
{quote} I think that it is indeed because of the same economic union regardless of the different currency pairs, depending on what deal it will be.. we'll see what happens.... Obviously I'm not going to predict the future, that's not what our trading style is about https://www.youtube.com/watch?v=ucJ6RPez06s
Yes we do not predict........just trade what you see.... and do not blur your eyes with colors just a horizontal line is enough.........
atheer1
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