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  • #82,061
  • Mar 25, 2019 10:56pm Mar 25, 2019 10:56pm
This is a very large playground. Almost 3 cents. So be sure to wait for price to come to you. Or be prepared to place low lot sizes if you plan to accumulate.

3 cent is big and with the higher high lower low setup, probably be in this range until May day.

I am going short side first. 1.1315 .3 lot but keeping with range trade themes

Hard stop 1.1466
Soft stop 1.1345

target for today 1.1279

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Ecclesiastes 1:9
  • #82,062
  • Mar 26, 2019 12:55am Mar 26, 2019 12:55am
Quoting pipsy7
hi Ata = why Not share huh {image}
You keep saying this but sorry I don't get it.. what do you mean buddy?

Stay Green
Focus only on what truly matters!
  • #82,063
  • Mar 26, 2019 12:56am Mar 26, 2019 12:56am
Pardon the crude sketch but just a rough guess for the day before the big boys get the steam engine rolling

(am biased towards the short side intraday wise but am also looking to load small buys to carry into next quarter if/when it gets near the yearly low again)
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You hesitate, you masturbate.
  • #82,064
  • Mar 26, 2019 1:08am Mar 26, 2019 1:08am
Quoting Ata-Turkoglu
Weekly Status Update For this week the previous levels have changed. Now we can see better that candles are inside a "descending wedge". Nearest resistance sits at a 1.1313/23/33 zone. The core of this zone is 1.1323 and while intraday candles are below it there is no chance for bulls to push this higher. So we must watch priceaction at this area carefully. For bearish continuation the very first support sits at 1.1292. If that breaks the weekly candle will try to CLOSE below 1.1233. Therefore on intraday charts, I expect a bull-bear fight around...
The weekly nearest resistant level that I shared yesterday morning did its job nicely and didn't allow bulls to pass above 1.1323. Today is the question of "will the bears break 1.1292 or will bulls break 1.1323". Nothing for sure yet but a tiny "shark" pattern on M15 could boost bulls and hurt bears, so trade safe.

For now I am on sidelines waiting for Frankfurt and London to open.

Stay Green
Focus only on what truly matters!
  • #82,065
  • Mar 26, 2019 1:19am Mar 26, 2019 1:19am
Quoting Ata-Turkoglu
{quote} The weekly nearest resistant level that I shared yesterday morning did its job nicely and didn't allow bulls to pass above 1.1323. Today is the question of "will the bears break 1.1292 or will bulls break 1.1323". Nothing for sure yet but a tiny "shark" pattern on M15 could boost bulls and hurt bears, so trade safe. For now I am on sidelines waiting for Frankfurt and London to open. Stay Green
Your work always help us, hope it ll work again and we will be accumulating Greenback.......
  • #82,066
  • Mar 26, 2019 1:25am Mar 26, 2019 1:25am
I booked profit for my buys from 1.1296 and 1.1297. Today I don't intend to use my buy button at all. Everything points down for now and it feels like by Wednesday price will be below 1.1170. The weekly chart I shared yesterday shows last's bar as a wicked bearish pin bar. Oanda's order book shows a lot of retail buys heavily lined up from 1.1310 and below. What a coincidence. This pair is primed for a terrible fall to Hades.

Anything from 1.132x to 1.137 is a sell for me, of course I'll look to pick the top, as usual. If I ever buy it may be just take advantage to get a few pips but that would be just for a quick scalp.

Good morning to everyone.
  • #82,067
  • Mar 26, 2019 1:36am Mar 26, 2019 1:36am
Germany data should be good (releasing in 24 minutes time), should bring EUR/USD higher. I expect a new high of the day to be made.
  • #82,068
  • Mar 26, 2019 1:38am Mar 26, 2019 1:38am
Inserted Video
  • #82,069
  • Mar 26, 2019 1:39am Mar 26, 2019 1:39am
Was mentioning in another thread that at current levels, as long as one isn’t over leveraged, trades in either directions (shorting pullbacks/swing highs for intraday, and loading small buys to play out long-term into the next quarter) should play out pretty decently.

Keyword here is ‘not over-leveraged’ though. On a swap free account those buys will pay off in some eventuality (unless the Euro goes to absolute shit and is worth $0.00 USD LOL) and on a normal account intraday shorts that go wrong shouldn’t give more than a small loss, or one could collect swap money while sitting on it.
You hesitate, you masturbate.
  • #82,070
  • Edited 3:01am Mar 26, 2019 2:40am | Edited 3:01am
Waiting for bear candle on M15 for new sell setup (Probably around 1.1322).

*My brokers London opening price: 1.1313

Stay Green
Focus only on what truly matters!
  • #82,071
  • Mar 26, 2019 3:39am Mar 26, 2019 3:39am
H1 Status Update

Green line is flat: meaning market is hesitant and goes sideways at the moment. I marked a range between 1.1315 and 1.1292 for the day. Let's see which side will be violated. Bears still have the upper hand. But also keep in mind that a RED TL breakout can give bulls their power back. Trade safe

Stay Green
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Focus only on what truly matters!
  • #82,072
  • Mar 26, 2019 3:49am Mar 26, 2019 3:49am
Quoting Reisya90
What do you think? {image}
I think your chart looks like a Pink Floyd light show
  • #82,073
  • Mar 26, 2019 4:00am Mar 26, 2019 4:00am
Fresh from the oven.. I keep sharing these but let me know if you don't like his analysis.. otherwise enjoy..

Inserted Video


Stay Green
Focus only on what truly matters!
  • #82,074
  • Mar 26, 2019 4:26am Mar 26, 2019 4:26am
Quoting Hutch
{quote} I think your chart looks like a Pink Floyd light show
Thats right...
  • #82,075
  • Mar 26, 2019 4:52am Mar 26, 2019 4:52am
I would like to see a M15 candle close above 1.1315 first to begin buying dips. Otherwise I still prefer to sell swing highs.

Stay Green
Focus only on what truly matters!
  • #82,076
  • Edited 5:08am Mar 26, 2019 4:56am | Edited 5:08am
Good Morning my friends,

Looks like EU not gona give up so easily , here are few reasons why...

 

  1. FED Dovish
  2. Though EU manufacturing is going down hill but EU area main economy strength comes from it's service sector and it is still showing healthy numbers ..around 54-55 PMI..which still points to healthy economy expansion in this sector.
  3. EU is already hell lot of undervalued anyway

Finally as long as the service sector standing EU may fall due to other external factors but would have every opportunity to comeback strong with little sign of relief on other sectors.

Trade Safe Pal
Happy Trading.

Trades technical moves enforced by fundamentals
  • #82,077
  • Mar 26, 2019 5:00am Mar 26, 2019 5:00am
Bulls has invaded bears party. Selling is over!, Congrats to those who caught some bear-ling pips.

Plenty pips!
Follow the Flow and Grow
  • #82,078
  • Mar 26, 2019 5:08am Mar 26, 2019 5:08am
Quoting FlowCycler
Bulls has invaded bears party. Selling is over. Plenty pips!
For a little while maybe yes... especially on small timeframes like the M15, M30 or H1 buying dips can work.. On larger timeframes like the Daily or Weekly it is still dangerously bearish.. I will trade mixed until price reaches 1.1355 area (very difficult but possible) or until price drops back below 1.1293 (more likely in coming days, no rush!). 1.1323/33 is still my core resistance zone.

My next trade will still be a sell order but first I must wait to see a bear candle on M15.

Stay Green
Focus only on what truly matters!
  • #82,079
  • Mar 26, 2019 5:11am Mar 26, 2019 5:11am
Quoting post
Good Morning my friends, Looks like EU not gona give up so easily , here are few reasons why... FED Dovish Though EU manufacturing is going down hill but EU area main economy strength comes from it's service sector and it is still showing healthy numbers ..around 54-55 PMI..which still points to healthy economy expansion in this sector. EU is already hell lot of undervalued anyway Finally as long as the service sector standing EU may fall due to other external factors but would have every opportunity to comeback strong with little sign of relief...

post my friend,

if you have a couple minutes to spare, what are your thoughts on this with regards to your current ideas on EURUSD:

We had the privilege of having former Fed chair Janet Yellen speak at our Asia Financial Conference in HK. At the conference, she addressed 2 key topics:
Topic: Is last week's inversion of certain parts of the yield curve a precursor to a recession?
- “My own answer is no, I don’t see it as a signal of recession."
- “In contrast to times past, there’s a tendency now for the yield curve to be very flat,” adding that it’s now easier for it to invert.
- “And in fact it might signal that the Fed would at some point need to cut rates, but it certainly doesn’t signal that this is a set of developments that would necessarily cause a recession."
Q: Are we likely to see a recession very soon?
- She doesn’t see a recession as “particularly likely” though she did stress that the U.S. economy is indeed slowing.
- " The economy expanded 3.1% last year but the Fed’s most recent outlook is for growth of 2.1% this year, which Yellen said is close to potential.
- “So that’s not a dangerous situation,” she said. “So, yes, growth is slowing, but I don’t see it slowing to a level that will cause a recession.”
Full article here https://www.cnbc.com/2019/03/25/jane...-downturn.html
You hesitate, you masturbate.
  • #82,080
  • Mar 26, 2019 5:22am Mar 26, 2019 5:22am
Hi Guys,

Buy trade opened here 1.13162 just above my daily pivot. Stop loss 20 pips just below 1.1300.

Take care.
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