EURUSD only

I am going to pull up a basic question to ask please. Please do not answer if you are not sure.
My question is normally what time frame are we looking for to hit our target price to achieve if our technical analysis are based on daily chart. I know this thread is full of professional so I might get answer more than what I hopping for.
Thank you.

Unfortunately, you are partially right ...
On the one hand, Ata tries to fill the thread with qualitative information on our topic, without flooding. If allow chatter, the thread will quickly turn into EUR/USD (without Only). On the other hand, it is very difficult to maintain the atmosphere of the connection between members and each other. But I agree with you, our thread lacks more friendly relations between members. Maybe everyone should read again what Ata wrote on the first page:

"...loves to post his/her ideas and interact with other traders during exciting, frustrating and most of the times boring trading hours. I believe that the overall subconscious goal is to feel surrounded by living, breathing, real people.. friends.. like-minded personalities who knowingly or unknowingly help each other not to feel isolated from daily life. Otherwise, we would just sit in front of a screen for hours and have conversations with our inner voices, right?...."

"...Share jokes and silly ideas, photos, YouTube links, etc, which they think would break the ice and put a smile on everyone's face.
Share constructive criticism about other members' posts.
Talk about their private life, may it happiness or difficulties, that they think would allow creating bonds between members.
Get angry and curse or even offend other members if they are having a bad trading day (but they have to put out that they are having a bad day and we expect them to apologize asap once they cool down). All members will tolerate such behavior for the sake of creating a family here.
Share ideas in different languages here and there as long as the content follows the 2 simple rules mentioned earlier.
Teach newbies and share educational information...."

You should not leave.

Great! I heard from a guy that it works well but he's a futures trader, what has been your experience so far trading forex using the theory? I assume you already are trading at least a demo using it?

Looking forward! Will be nice!
My expectation:
Next week will be bulish. This correction from friday may go to 1,128-1,127. Even to 1,125. Maybe on whole monday. Then - UP. Where to? 1,14 or ... ?
Will see!

Agree with you.But this may require more time than Monday.
Downstairs there is a lot of accumulated orders. It works like a magnet, at first they will be killed, then recharge up is possible.
The first unoccupied level on my charts 1412-1414. We'll see. I do not like to make far-reaching forecasts.
I think you will always see what you can do based on what will happen.
Have a nice weekend братишка

a little bit more down than add $ for long

Let it be more than monday! We can wait. Just a chance to reload.
But I like your 1412-1414.

Hi Guys,

Thanks to all of you for your kind words and insights around this topic. There is not a single reply that I missed and read each one of them. It gives me a better understanding of peoples thoughts around being social and sticking to trading. At least I know now that I am not talking to robots. Ata basically summed it up for me in his words and it it gives me a clearer picture of his thought process and where he is heading with this thread.

I believe in giving back and in a way it is good karma for me. "Giving is receiving". Posting my trades here is also a journal and an easy reference guide for going back into my trades and looking at where I went wrong or could have done better. So no problems, I will stick around.

Have a great week.
Cheers.

Well... can you see it.... clearly a "Bullish Sign" ... hidden in the charts.

From marctomarket.com Please click on the link for the full story, cheers Dingoman-two


Euro Bid Above $1.13 for the First Time this Month
https://2.bp.blogspot.com/-3Ij1ozfoN...00/dominos.jpg
Overview: The consolidative week in the capital markets is drawing to a close. Equity markets are narrowly mixed. In Asia, most indices outside of the greater China (China, Taiwan, and Hong Kong) edged higher, leaving the MSCI Asia Pacific Index slightly lower on the week. The MSCI Emerging Markets Index snapped a ten-day rally yesterday and is little changed so far today. Europe's Dow Jones Stoxx 600 is off about 0.25% in late morning turnover, and about a 0.5% loss for the week. The S&P 500 is nursing a margin loss this week coming into today's session. It has moved higher in 10 of the last 11 sessions but is continuing to knock on 2900. Bank earnings are in focus today. Bond yields in Asia were mostly higher, and China's 10-year yield rose a couple of basis points to nose above 3.30%, a new high for the year. European yields are a little softer, while the US 10-year is hovering just below 2.50%. The dollar is mostly lower, with the Japanese yen the notable exception. On the week, the dollar has risen against only the yen and Swiss franc.


Europe

The euro has jumped up in early Asia and follow through gains in Europe have pushed it above $1.13 for the first time since March 26. Some reports linked the euro demand in Asia to a Japanese bank's purchase of the aviation finance arm of a German bank. It apparently helped trigger a short squeeze of the euro, where, as we have noted, speculators have their largest net and gross short position in the futures market since late 2016.

Sentiment in Europe, judging from the PMIs, is weaker than the hard data. February industrial output in the eurozone fell 0.2%. The median forecast in the Bloomberg survey was for a 0.5% decline. The January series was revised to show a 1.9% increase rather than 1.4%. From a year ago, it is 0.3% lower. This is the smallest year-over-year decline since last October. The flash April PMI will be reported toward the end of next week. In March, the French manufacturing and services were both below the 50 boom/bust level, as was German manufacturing.

Even though we suspect the worst is past for the eurozone on this soft patch, many headwinds still threaten a robust recovery. The ECB is committed to a new long-term loan facility. There is a debate over the terms of the new loans. Some suggest that it ought to be conducted closer to the deposit rate (minus 40 bp) rather than the repo rate (zero). The other element that is being debated is whether some measures need to be taken to help mitigate the impact of negative rates for longer. This usually takes the form of tiering--often seen as exempting some deposits at the central bank from the negative rate or subjecting some deposits to a less negative rate. We conceive of it within the context of a segmented market. Banks in the periphery are the largest users of the TLTRO facility. Banks in the north have the surplus of reserves and hence more exposed to the negative yields.

It seemed that UK Prime Minister May's overture to Labour had stalled. However, now May appears to be renewing her willingness to consider a customs union type of arrangement. She will alienate her own party, where some have already tried to dump her, but this seems like a path forward. This is where to look though for a deal over the next month, which would allow the UK to avoid participating in the late May EU Parliament election.

The euro has firmed to test a retracement objective (38.2%) of the decline since the March FOMC meeting that is found near $1.1315. Above there, the next target is closer to $1.1350. The euro bears may make another stand, and if they can push it back below $1.13 on a closing basis, they may feel more confident next week. There is a 1.1 bln euro option struck at $1.13 that expires today. We anticipated this upside correction in the euro and recognize that there could be follow-through early next week, but our longer-term bearish outlook remains intact. Sterling is flat. It remains within the range seen Tuesday against the dollar (~$1.3030-$1.3120).

America

The economic calendar is light. The US reports import/export prices and the University of Michigan's consumer confidence. To the extent that there is a focus, it is on the bank earnings that will be reported today and the Uber IPO announcement.

The US 10-year yield has moved back above 2.50% and is at its highest level in three days. It is up about three basis points this week. The two-year yield is up a little more but remains below the effective average Fed funds rates (~2.41%). Meanwhile, the price of WTI is set to post its sixth consecutive week of advances. The May contract is up 2% this week and continues to knock on the $65-level. Our technical target since the end of January is near $67. Similarly, the S&P 500 is pushing at 2900. It has fallen only once since March 27. However, coming into today's session, it is slightly lower on the week. Last week, after the employment data, it closed at almost 2893.

The US dollar chopped between CAD1.33 and CAD1.34 this week. It is trading with a weaker bias today, but there is a large $1.3 bln option at CAD1.33 that expires today. The two-year rate differential edged a few basis points in the US favor this week. The greenback is about 0.4% lower against the Canadian dollar this week (~CAD1.3330) but has lost 1.5% against the Mexican peso. The attractive yield and risk-on sentiment have buoyed the peso, which is trading near the best levels of the year. The dollar has risen against the peso in only one session this week and one session last week, which illustrates the persistence of the peso buying. A break of MXN18.70 would target MXN18.50.




Disclaimer
Posted Yesterday by Marc Chandler
Labels: $EUR $USD China

Thanks Dingoman.. a little reminder: next time please remove the Asia Pasifik and Australia parts and post only the Euro and USA parts. Since you have included the link some members who are interested in such can still read it if they need but here we don't.

Stay Green

Thank you for this post it saves us time researching news and sipping through those news to find relevant articles.

you are welcome

Still building short position even though weekly chart has me nervous. This early into the cycle had me back off on size and wait for some big pops to sell into. Don't want to build too fast as this bull looking strong, for now and I do not like big drawdown,

Good afternoon...
Start of a new week....
London opened 1.13112
As of now... Low : 1.12984 High : 1.13150( ADR about 30pips)
My humble opinion:
●Potential upside to touch 1.1323 ( +/- 5pips) ( H1 ) to Create double top.
● Potential downside to touch 1.12732 ( +/- 5pips)

Thus will create today's trading range of about 50pips..

Good luck for the week....More pips to all
Cheers

Hi. Possible for EU to move at this direction?

Looks like it will correct just after a while.

Good Morning! The price reached 0.5 Fibo, high: 1.1450, low: 1.1185. See my newest chart: EURUSD Long 1.1820