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EURUSD

  • #1,148,261
  • Jan 24, 2019 10:24pm Jan 24, 2019 10:24pm
A GOOD WEEK , WORTH THE RANGE TRADING.

I have no trades for EUR at the moment. The pending orders from yesterday are all cancelled now.
I am long AUD,
Short USDCAD,
Short GBP ( this one is risky but a higher reward if works )

My eyes are on GOLD, but still waiting.

Chao
Just retired from University
  • #1,148,262
  • Jan 24, 2019 10:34pm Jan 24, 2019 10:34pm
Quoting MrPresident
{quote} only if you got lots of money for draw-down and swap if you are expecting it to reach 1.20 https://uk.reuters.com/article/uk-ge...-idUKKCN1PI2M6 German economy is slowing down along with other countries in the EU, which point to further downside for the EUR
the target is way bigger than the stop loss area. and money doesn't matter for draw down ! its all about money management 1k account is similar to 10mil account u just need to know how many lots u open and how much u r welling to lose when price reach to ur stop loss area

my risk right now is 5% of my total capital so either I will lose 10% of my capital or I will win 30% or 70% of my capital

that's my style of trading
  • #1,148,263
  • Jan 24, 2019 10:50pm Jan 24, 2019 10:50pm
Quoting msniper
{quote} the target is way bigger than the stop loss area. and money doesn't matter for draw down ! its all about money management 1k account is similar to 10mil account u just need to know how many lots u open and how much u r welling to lose when price reach to ur stop loss area my risk right now is 5% of my total capital so either I will lose 10% of my capital or I will win 30% or 70% of my capital that's my style of trading
Good to accumulate if can tolerate as even tank below the previous low to new low it may bull great next, that is we are in purely buy zone yes can play in extreme zone too. What is ok for eu not look great for other pair gu though.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,148,264
  • Jan 25, 2019 12:39am Jan 25, 2019 12:39am
Testing strong weekly support. (strictly technically)
Bull opportunity. Buy lows?
Attached Image (click to enlarge)
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Member
  • #1,148,265
  • Jan 25, 2019 1:55am Jan 25, 2019 1:55am
Have short open at 1.1364.
I'am not buying this,hold shorts.
  • #1,148,266
  • Jan 25, 2019 2:00am Jan 25, 2019 2:00am
I probably feel a quick spike down to 1125/1180 in the coming days before the end of month would start a bull run back to 1400's as GBP still seems to be shaky though have surpassed critical points of resistance.
Just retired from University
  • #1,148,267
  • Jan 25, 2019 2:19am Jan 25, 2019 2:19am
Quoting Miracleforex
A GOOD WEEK , WORTH THE RANGE TRADING. I have no trades for EUR at the moment. The pending orders from yesterday are all cancelled now. I am long AUD, Short USDCAD, Short GBP ( this one is risky but a higher reward if works ) My eyes are on GOLD, but still waiting. Chao
Part profit on GBP taken, moved SL to BE . TP 100 pips or end of day.
Just retired from University
  • #1,148,268
  • Jan 25, 2019 2:24am Jan 25, 2019 2:24am
Horrible tidy tight range on M15!
Although there is plenty of room down to buy the support area lower, it seems London is not quite determined ...just yet.
(accumulation before the spike?!)
Member
  • #1,148,269
  • Jan 25, 2019 2:33am Jan 25, 2019 2:33am
Important data coming out at the top of the hour: German Ifo business climate.
  • #1,148,270
  • Edited 2:56am Jan 25, 2019 2:42am | Edited 2:56am
alright guys I checked my Elliott waves analysis again after the drop yesterday and I have 2 scenario both of them bullish and I am still holding my longs

I cannot favor a scenario over the other one as they have 50/50 chance to happen

details inside the chart

if price manage to stay above 1.1380 it means BLUE scenario is working
Attached Image (click to enlarge)
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  • #1,148,271
  • Jan 25, 2019 3:06am Jan 25, 2019 3:06am
Ifo data negative but eur rising. Careful with longs.
  • #1,148,272
  • Jan 25, 2019 3:59am Jan 25, 2019 3:59am
I just see a channel up forming/ developing between sma10 and ema 30 at the bottom and ema 55 at the top on M30, sma 10 at the bottom and ema 30 at the top on H1. Stock is overbought on D1 and H4. I don’t think there is a chance for a strong movement unless supported by fundamentals ( I know nothing about), trap or closing positions by traders at the end of the week. Pair will go slowly up to meet ema 30 on H4 and next turn down and run south. This is my understanding. I’m not an experience trader so please let me know if I am talking nonsense. Btw I’m not doing Fridays so I have no opened positions.
  • #1,148,273
  • Edited 4:22am Jan 25, 2019 4:08am | Edited 4:22am
Quoting Fredrick7
Ifo data negative but eur rising. Careful with longs.
"U.S. Govt Shutdown Are Dampening Business Climate" ...and other complex sht.
So German negative data doesn't seem to count anymore in the whole picture... USD has problems of its own.

edit: in this context seem better to scalp crossings and avoid the USD (majors)
Member
  • #1,148,274
  • Jan 25, 2019 4:35am Jan 25, 2019 4:35am
I would love to see a daily close today above 1.1460
  • #1,148,275
  • Jan 25, 2019 5:36am Jan 25, 2019 5:36am
Quoting khalid33
I would love to see a daily close today above 1.1460
it is too far, but everything is possible.
Dangdut is a music of my country
  • #1,148,276
  • Jan 25, 2019 5:59am Jan 25, 2019 5:59am
Quoting PatienceFx
{quote} don't worry i am sitting on it, i am safe tp 1300
target was met
  • #1,148,277
  • Jan 25, 2019 6:02am Jan 25, 2019 6:02am
this week was interesting, all levels met as expected
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  • #1,148,278
  • Jan 25, 2019 6:29am Jan 25, 2019 6:29am
Quoting TudorIoan
{quote} "U.S. Govt Shutdown Are Dampening Business Climate" ...and other complex sht. So German negative data doesn't seem to count anymore in the whole picture... USD has problems of its own. edit: in this context seem better to scalp crossings and avoid the USD (majors)

The continuing deterioration of German economic data will likely weigh more on the eur in the long run than the US governmant shutdown on the usd. The current upmove in the eur is most likely only a short lived technical reaction to yesterday`s losses (appr. 61.8% retracement at the mo). The 50 sma on 1h may well mark the end to this move, currently coming in at appr. 1.1350.
  • #1,148,279
  • Jan 25, 2019 6:44am Jan 25, 2019 6:44am
Quoting Fredrick7
{quote} The continuing deterioration of German economic data will likely weigh more on the eur in the long run than the US governmant shutdown on the usd. The current upmove in the eur is most likely only a short lived technical reaction to yesterday`s losses (appr. 61.8% retracement at the mo). The 50 sma on 1h may well mark the end to this move, currently coming in at appr. 1.1350.
Nice view, nice analysis, thanks!
But I honestly don't know.
What's gonna weight more, ...the US mess or the EEC mess.
Member
  • #1,148,280
  • Jan 25, 2019 6:50am Jan 25, 2019 6:50am
Quoting TudorIoan
{quote} Nice view, nice analysis, thanks! But I honestly don't know. What's gonna weight more, ...the US mess or the EEC mess.
The US still seems to be in better economic shape than Europe, so I`m putting my money on the usd. But, of course, I might be wrong.
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