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EURUSD only

  • #71,461
  • Jan 8, 2019 2:51am Jan 8, 2019 2:51am
Good Morning my friend !!

Last few days were very interesting... it seems like Dollar just lost it's claws & teeth due to Dovish FED.. .. now it is up to the rest of the world to take advantage of it or Hail the King again by self destruction

EU: Published RED data again, clearly Germany's ongoing disappointing industrial production data giving a impression of technical recession, plus if we also get RED data on German's trade tomorrow then market might start pricing in for a technical recession in Germany which could bring the EURO way down...
Overall outlook is not looking good for EU....

Impression: Sell the high strategy could continue for sometime.

Trade safe pals !

Happy Trading
Trades technical moves enforced by fundamentals
  • #71,462
  • Jan 8, 2019 2:56am Jan 8, 2019 2:56am
Quoting Moty
This is the set up Pivot at 1.14550. The drop is coming my friends {image}
HI Moty

what target do you think it is bro?
A great money comes with a great algorithm.
  • #71,463
  • Jan 8, 2019 2:59am Jan 8, 2019 2:59am
Quoting Moty
This is the set up Pivot at 1.14550. The drop is coming my friends {image}
Just for a minute ,, I know your rip roaring ready to get back to live trading ,, deposit made in the acct ,,,, eeeeh ,again ,,, before ya get the blinders on and drain it ,,,again ,, a couple things to consider ,,,,, 5 weeks now a favorite tgt of the eur has been hit ,,this week it is both last weeks high and weekly R1 ,,, on the daily ,,things are not like they have been,, it is above several things ,,, what if the plan was this quarterly pivot to go visit last quarters tracks left ,, above a rough monthly ave now ,, above last quarters mid point ,,above this quarters pivot and hovering around the quarterly open ,,dont be in a rush and take the damn blinders off .
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  • #71,464
  • Jan 8, 2019 3:03am Jan 8, 2019 3:03am
Quoting Moty
This is the set up Pivot at 1.14550. The drop is coming my friends {image}
Nice analysis. I go with you.
  • #71,465
  • Jan 8, 2019 3:04am Jan 8, 2019 3:04am
Quoting digger1
{quote} Just for a minute ,, I know your rip roaring ready to get back to live trading ,, deposit made in the acct ,,,, eeeeh ,again ,,, before ya get the blinders on and drain it ,,,again ,, a couple things to consider ,,,,, 5 weeks now a favorite tgt of the eur has been hit ,,this week it is both last weeks high and weekly R1 ,,, on the daily ,,things are not like they have been,, it is above several things ,,, what if the plan was this quarterly pivot to go visit last quarters tracks left ,, above a rough monthly ave now ,, above last quarters...
Go to bed you crock Farmer!

- Moty
A snails pace wins the race :-)
  • #71,466
  • Jan 8, 2019 3:09am Jan 8, 2019 3:09am
Quoting JustPipMe
{quote} Go to bed you crock Farmer! - Moty
I been there done that too many times,,just trying to keep my bud from making the same mistake lol,,nothing worse than topping off an acct to be empty and red assed in a matter of hours ,,it sux lol
  • #71,467
  • Jan 8, 2019 3:39am Jan 8, 2019 3:39am
bull playing the level 2 ping pong (anything below 1.14176 is for the bears)
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Self discipline It is a practice
  • #71,468
  • Jan 8, 2019 3:41am Jan 8, 2019 3:41am
Good morning to all.
My first glance of charts today.
- Price is above H1 LWMA. (bullish)
- Price is above LO. (bullish).
- At M15, LO with higher volume but failed to make a LL. (bullish).
- At M5 price is above LWMA, going up on low volume (bearish).
- At H4 we have divergence. (bearish).
- At M15 we have Bullish Dragon pattern (bullish).

Plan, wait for small retraction on M5 or M15, mark red TL on the retrace, enter Long with small size (due to H4 divergence) at break up, if it breaks up!

therefore, i'm watching.
If you don't know how to earn money, don't loose it.
  • #71,469
  • Jan 8, 2019 3:52am Jan 8, 2019 3:52am
M ,, is there a contingency plan in place ,,,say like a stop or just hoping the weekly high may hold er down before stp/ acct empty hit ,,even a small acct a stp makes a difference
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  • #71,470
  • Jan 8, 2019 3:58am Jan 8, 2019 3:58am
Rough idea for today. Path of least resistance as of now is down but Asia had a mighty showing of 50 pips, London has retraced it a little so we’ll see if we revisit yesterday’s high or make a new low. Either way, cautious trades with tight SLs fellas. Trade safe.
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You hesitate, you masturbate.
  • #71,471
  • Jan 8, 2019 4:04am Jan 8, 2019 4:04am
Quoting digger1
M ,, is there a contingency plan in place ,,,say like a stop or just hoping the weekly high may hold er down before stp/ acct empty hit ,,even a small acct a stp makes a difference {image}
hi digz and every body.
was away for couple of days my little tudlor have been ill and been hospitlized....was watching the thread on mobile. i did not trade was just watching pots and market on mobile.....hope every would be doing good.
MRMALIK1
  • #71,472
  • Jan 8, 2019 4:04am Jan 8, 2019 4:04am
The drop is coming

*in Moty's voice'
  • #71,473
  • Jan 8, 2019 4:04am Jan 8, 2019 4:04am
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Patterns have an underlying mathematical structure.
  • #71,474
  • Jan 8, 2019 4:05am Jan 8, 2019 4:05am
Quoting engweijie
Rough idea for today. Path of least resistance as of now is down but Asia had a mighty showing of 50 pips, London has retraced it a little so we’ll see if we revisit yesterday’s high or make a new low. Either way, cautious trades with tight SLs fellas. Trade safe. {image}
lol wtf ok that was fast. Just took my TP 1 at 1.1447 so (+14 pips), rest of trade SL moved to 1.1452 so +9 pips locked. Let's see if on M5 (and H1) it can get below the lwmas. If it can't I'll start looking for buys but no rush.

Quite a safe bet to take 50% (or whatever you're comfortable with) profit when price is up 10 pips, then move the remaining trade's SL to either BE or trail on whatever timeframe you prefer. This way, even if price turns, you get some coffee and petrol money for the effort.

Like what digs always says - small pips add up. Your 5 pips here and 10 pips there add up to a tidy sum at the end of each day.
You hesitate, you masturbate.
  • #71,475
  • Jan 8, 2019 4:05am Jan 8, 2019 4:05am
On the daily it looks very bearish but contingent on today continuing to be a bear day.

4h looks more bearish than bullish, hourly for the next few hours will really decide, but to me most signs point south.
  • #71,476
  • Jan 8, 2019 4:08am Jan 8, 2019 4:08am
Quoting mrmalik1
{quote} hi digz and every body. was away for couple of days my little tudlor have been ill and been hospitlized....was watching the thread on mobile. i did not trade was just watching pots and market on mobile.....hope every would be doing good.
Hope alls well for you bro, wishing the kid a speedy recovery
You hesitate, you masturbate.
  • #71,477
  • Jan 8, 2019 4:09am Jan 8, 2019 4:09am
Quoting frankkie
The drop is coming *in Moty's voice'
It's here
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yes yes yes
  • #71,478
  • Jan 8, 2019 4:09am Jan 8, 2019 4:09am
Quoting engweijie
Rough idea for today. Path of least resistance as of now is down but Asia had a mighty showing of 50 pips, London has retraced it a little so we’ll see if we revisit yesterday’s high or make a new low. Either way, cautious trades with tight SLs fellas. Trade safe. {image}
was kinda looking at 14 ish ,,would have rather seen a better poke towards the highs 1st ,,but what ever it decides here ,,
  • #71,479
  • Jan 8, 2019 4:11am Jan 8, 2019 4:11am
good morning
short from 1.1440
20 pip SL
20 pip target

this is only a pullback in the bigger picture in my opinion.
Its gonna go higher this week...
in wondering about yourself, you forgot what you came here to be part of
  • #71,480
  • Jan 8, 2019 4:14am Jan 8, 2019 4:14am
Quoting MzansiObi
Morning Traders 1st sell order for the day placed at 1.14520 slightly above the 23% fib. 25pip SL pending short @ 1.14800 25 pip sl Just placed another sell order but its more medium term planning, a short around 1.1570. 200 ema hovers around that handle, thats the area where the sell off began in October and its more or less near the bullish projection looking at our EW count looking at the daily.....you fail to plan you plan to fail. Intra day will continue riding the eb and flow of the market. Stay safe traders.

Update: Closed half position moving of 1.14520 Sell ,SL moved to BE +5. Running risk free trade.

Will look at lower tf for signals to flip long. Stay Green.
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