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Trading EURUSD only 43,687 replies

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EURUSD only

Quoting Leodavinci
{quote} corrected long target around 1.1630(20:00-21:00 14.01.2019)then short target around 1.1440(21:00 15.01.2019) time gmt +3 {image}
You expect it to move nearly 200 pips in one trading day? And then another 200 down?
Quoting Starcraftmaz
{quote} You expect it to move nearly 200 pips in one trading day? And then another 200 down?
time will tell. but approximately yes.
Weekly chart has strong rejection at 49 LWMA but on the other hand has been resting snuggly against the 200 SMA - still in an area of undecidedness.

Fundamentals pointing down though - https://www.dailyfx.com/forex/fundam...-Thursday.html
- A price will return from whence it came -
Quoting Id777
Weekly chart has strong rejection at 49 LWMA but on the other hand has been resting snuggly against the 200 SMA - still in an area of undecidedness. Fundamentals pointing down though - https://www.dailyfx.com/forex/fundam...-Thursday.html
Was my first tought too, but look at the monthly. Very strong dynamic support NEVER been broken except for the fakeout early 2017.
I remember in 2017 doing these charts and thinking, at the start of te previous primary uptrend, ' this bearish cycle is over '.

For me, an intermediate corrective (B) and then (C) back to monthly dynamic support, seems probable.
Dollar will come under a lot of stress too, economic factors aren't looking too great in the US.
The only thing bothering is the difference in rates.. but many countries are turning their back at the dollar.

I'm planning on doing a re count of cycle waves, it's on the to do list.
Doesn't matter a lot for day trading purposes, but interesting stuff either way.
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Re did the count for intermediate - minor - minute on the daily. Had to go over the guidelines again.
Came up with this chart, seems the best fit.

This would mean working on Intermediate corrective (B) - Minor corrective (A) - Minute would be motive bullish probably until 1.16xx - 1.18xx.
Still working on a H4 Minute - Minutte chart.
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Grtz
What's that smell? ---- I smell money!
Quoting engweijie
{quote} Havent seen you in awhile. Hope all is well man
How are u going to play it out this week?
I'm thinking of shorting in the 1.1510 area and going long in the 1.1450 area. 1.1510 is retracement 61% and 1.1450 is 1.61% using 30 minute candles.
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Managing your lot size is the key
Quoting blaze1
{quote} How are u going to play it out this week?
Quoting engweijie
Rough idea going into next week... we are pretty much in a bounce zone. If H4 can break the current area (around 1.1464) and close under the lwmas, I see 1.1405 next then back up again to make a new high. Maybe 1.16 thereafter. In the meantime I’ll continue to scalp both ways going into Monday. {image} {image}
Will see when price gets where it gets. Only thing I'm doing now is mark out levels on my charts. After that we'll decide what to do when price gets wherever.

Pre-market
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You hesitate, you masturbate.
price is 1453 now, A little gap down. Looking to buy @ 1450...

"Now its going up because 1.1450/60 area swing zone. so we can buy and stop loss 1.1415 and 1st target 1.1520 and final target 1.1620. so keep on eyes. happy trading"
Quoting aarash
price is 1453 now, A little gap down. Looking to buy @ 1450...
Same here
You hesitate, you masturbate.
Quoting engweijie
{quote} Same here
Do u buy straight on the open (with the wider spreads), or wait for it to settle?
Quoting Jp1
{quote} Do u buy straight on the open (with the wider spreads), or wait for it to settle?
patience is virtue....i will wait for asian session open
4&1 All Time Profit: $36,063
Quoting MzansiObi
{quote} patience is virtue....i will wait for asian session open
Ill definitely be alseep and only up for frankfurt!
Quoting Jp1
{quote} Do u buy straight on the open (with the wider spreads), or wait for it to settle?
I have half a position left from last week I'm looking to close at open. But usually I would wait till say 3 hours in for some sort of structure (swing highs and lows) to develop on M5.
You hesitate, you masturbate.
5 minutes till we open shop ladies and gents'!

M5 nearest resistance: 1.1485 (Thursday's low)
H1 lwma: 1.1505 (resistance)
H4 lwma: 1.1464 (support)
D1 lwma: 1.1405 (support)

Last week's high: 1.1570
Friday's high: 1.1540
Friday's low: 1.1458

mileage may vary broker to broker
You hesitate, you masturbate.
Quoting engweijie
Ok I got bored. Short 1.14816. SL 7 pips.
Trade closed exactly at +20 pips lol got a 4 pip spread on my broker else I could close it at 1.1457 oh well.

Good way to start the week!
You hesitate, you masturbate.
Quoting engweijie
5 minutes till we open shop ladies and gents'! M5 nearest resistance: 1.1485 (Thursday's low) H1 lwma: 1.1505 (resistance) H4 lwma: 1.1464 (support) D1 lwma: 1.1405 (support) Last week's high: 1.1570 Friday's high: 1.1540 Friday's low: 1.1458 mileage may vary broker to broker
To go along with the mileage analysis,, what the data would look like if your broker was open ,, cheers and a great week to all
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Boys and Babes!!!

Here is my plan for this week at the moment.

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Don't believe me just watch!
EURUSD had a strong breakout last Tuesday but went back at support last Friday. This might be a good pullback at the support that we can anticipate a return at 1.57. Let's wait and see how this unfolds.

Bullish Scenario, with targets at 1.157 and 1.162
Bearish Scenario, with a target at 1.135
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Quoting LCForex
Boys and Babes!!! Here is my plan for this week at the moment. {image}
Similar idea,

Sell R1 only after LO, if we get there.
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Else try to buy PRZ.
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What's that smell? ---- I smell money!
Quoting SteFX85
{quote} Similar idea, Sell R1 only after LO, if we get there. {image} Else try to buy PRZ. {image}
1.1439 hit it at pre market, just in case
Don't believe me just watch!
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