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EURUSD only

  • #84,241
  • Apr 24, 2019 3:35pm Apr 24, 2019 3:35pm
Quoting Ata-Turkoglu
Back at 1.1155 area.. Can I first have some supportive priceaction please *I believe it is still about weekly support zone 1.1159/90.. I focus on that.. Stay Green
I was on the right side of this trade! A sell, but closed out my position by accident - too early. Im just happen to see some real movement. Its excites me
Im a weirdo and Yes, supportive price action would be lovely right now.
  • #84,242
  • Apr 24, 2019 3:37pm Apr 24, 2019 3:37pm
Quoting Ata-Turkoglu
Back at 1.1155 area.. Can I first have some supportive priceaction please *I believe it is still about weekly support zone 1.1159/90.. I focus on that.. Stay Green
I meant to say "Happy".
  • #84,243
  • Apr 24, 2019 3:46pm Apr 24, 2019 3:46pm
Quoting wealthyqueen
{quote} I was on the right side of this trade! A sell, but closed out my position by accident - too early. Im just happen to see some real movement. Its excites me Im a weirdo and Yes, supportive price action would be lovely right now.
Good job dear Queen. Intraday wise yes the "right side" was and still is bearish. I personally, tried to buy into weekly support today which didn't end up well.. But that is the part of the trickery when focusing on weekly support: The weekly S/R level that one relies on can have some serious flexibility like 20 to 50 pips. Therefore yes, although I had two losing trades in a row I can tolerate it (-11 and -14 pips is just a tiny scratch). In other words we all can still stay happy

Stay Green
Focus only on what truly matters!
  • #84,244
  • Apr 24, 2019 3:49pm Apr 24, 2019 3:49pm
And once again a nice price movement.
In the morning I wrote 4 reasons why I did not want to buy (post#12236781).
But, as I saw, people here bought all day (not all), even after stopping on SL, they bought more.
It's amazing how you all can marry your ideas!
Sooner or later the best moment to buy/sell will come, why not just wait for it.
  • #84,245
  • Edited 4:23pm Apr 24, 2019 3:56pm | Edited 4:23pm
EU Daily
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EU4H
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EU15min
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Don't believe me just watch!
  • #84,246
  • Apr 24, 2019 4:03pm Apr 24, 2019 4:03pm
Divergences impact
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  • #84,247
  • Apr 24, 2019 4:07pm Apr 24, 2019 4:07pm
Quoting Ata-Turkoglu
{quote} Good job dear Queen. Intraday wise yes the "right side" was and still is bearish. I personally, tried to buy into weekly support today which didn't end up well.. But that is the part of the trickery when focusing on weekly support: The weekly S/R level that one relies on can have some serious flexibility like 20 to 50 pips. Therefore yes, although I had two losing trades in a row I can tolerate it (-11 and -14 pips is just a tiny scratch). In other words we all can still stay happy Stay Green
Thank you! I did well last year and from the last week of December through to February - a bummer! However, I am focusing on the journey. I actually map really good technical trades. This past Sunday, I had a setup for Entry: 1.1260, SL: 1.1282 and TP: 1.1182. I struggle with setting and forgetting - something I have to overcome, but Tuesday that was perfect. I am working on trusting the process. Its a psychological element for me. I typically map good setups. Working on learning all the elements discussed here, like volume, divergences etc. I am finally learning to pair time frames for short-term, mid-term and long-term trades. One day, I will be a beast. It is coming. None of my lady friends get it.

Again, so appreciative of the forum you have created!!!

~WQ
  • #84,248
  • Apr 24, 2019 4:10pm Apr 24, 2019 4:10pm
Quoting Seysin32
And once again a nice price movement. In the morning I wrote 4 reasons why I did not want to buy (post#12236781). But, as I saw, people here bought all day (not all), even after stopping on SL, they bought more. It's amazing how you all can marry your ideas! Sooner or later the best moment to buy/sell will come, why not just wait for it.
Its all in the mind! I agree with you - we get married to idea. Once we acknowledge, we can make an effort to change. :-)
  • #84,249
  • Apr 24, 2019 4:21pm Apr 24, 2019 4:21pm
ALT
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Don't believe me just watch!
  • #84,250
  • Apr 24, 2019 4:28pm Apr 24, 2019 4:28pm
Daily Outlook

I detected a new potential Shark Pattern on Daily.. Will take some time to develop..

Stay Green
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Focus only on what truly matters!
  • #84,251
  • Apr 24, 2019 4:51pm Apr 24, 2019 4:51pm
I wouldn't be buying the EUR anytime soon, especially against the USD.

This week the Fed said they were not going to cut rates and the German IFO came out weak, so clearly these are not great conditions to buy the EU.

But if I wanted to buy the EU I would wait for a "risk on" situation to occur within the markets OR for Brexit to be sorted out (highly unlikely) OR for the ECB to say anything hawkish.

As I write this I feel the best catalyst for a buy, would be for the Fed to go neutral/dovish
  • #84,252
  • Apr 24, 2019 5:25pm Apr 24, 2019 5:25pm
Quoting CactusFund
I wouldn't be buying the EUR anytime soon, especially against the USD. This week the Fed said they were not going to cut rates and the German IFO came out weak, so clearly these are not great conditions to buy the EU. But if I wanted to buy the EU I would wait for a "risk on" situation to occur within the markets OR for Brexit to be sorted out (highly unlikely) OR for the ECB to say anything hawkish. As I write this I feel the best catalyst for a buy, would be for the Fed to go neutral/dovish
Come again?
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Focus only on what truly matters!
  • #84,253
  • Apr 24, 2019 5:54pm Apr 24, 2019 5:54pm
Hey guys, hope u all enjoyed the down pour...more is coming...marking 1.10330(3rd daily support) as a crucial support and end of this move....Meanwhile my T.P has been moved to 1.10339 due to spread...Cheers
Risk comes from not knowing what to do
  • #84,254
  • Apr 24, 2019 6:27pm Apr 24, 2019 6:27pm
Quoting Ata-Turkoglu
{quote} Come again? {image}
Charts dont LIE! :-)

Thanks for both perspectives!
  • #84,255
  • Apr 24, 2019 7:23pm Apr 24, 2019 7:23pm
Now buying! minimum expect 1.1185 max 1.1225
Don't believe me just watch!
  • #84,256
  • Apr 24, 2019 7:29pm Apr 24, 2019 7:29pm
Quoting JBlackburn
Hello, I am a seller here, based on net sentiment: {image}
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Hello,

Short still on the path to 1.10 until sentiment shifts.
Be your own bank.
  • #84,257
  • Apr 24, 2019 7:58pm Apr 24, 2019 7:58pm
I feel like the pair should gradually move down. The technical basis is roughly there for a multi-month retrace on the multi year fib levels. That would put us back to 1.03 "parity talk". Also there appears to a long term head and shoulders pattern that is starting to drop on the other shoulder. That pattern converges around the same area as the fib retrace.

That being said, there was over a year of strangling the 23 percent of the fib on the way up. Since things tend to repeat, I would second guess my original long term musings with a guess that we will play a side ways game of a couple hundred pips from this point for the entire Summer. Politics will kick in and the talking heads will undermine their budgets once again.

It feels like following hourly trend lines seem most prudent option at this junction. I am curious what others are feeling on this topic, short term in the next two weeks, then through Summer, and finely at a year time frame?
Thanks in advance to anyone adding artwork to the analysis? Charts help a lot!
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Wick versus candlestick ratio will set you free.
  • #84,258
  • Apr 24, 2019 8:34pm Apr 24, 2019 8:34pm
So on the front page there is a story by Bloomberg reminding us of doom and gloom if central bankers start acting out of line with Draghi. The story did remind me that Draghi has noted that interest rates for borrowing by banks will likely not go up until we reach 2020. Call that 6 to 8 months of rough time.
https://www.bnnbloomberg.ca/the-real...-ecb-1.1248434
The premise is that banks can still borrow money cheaply until rates go up.

There are Basal rules that are going on concurrently in the same time frame. Basically European banks will have to hold more cash, but will be allowed to play a little more fast and loose with risk. t showed that the Northern countries in the block would be the most affected. Germany, etc..
https://www.capgemini.com/2019/04/ba...ct-banks-most/

I could easily image a scenario where the banks start playing in the Forex markets more with the sub-divisional banking arms to enjoy some of the new found risk freedom. Basically this could lead to more volatility and need to support the Euro/USD pair.
I feel like we are not going to see the completion of the head and shoulders for long time; meaning more side ways action.
Wick versus candlestick ratio will set you free.
  • #84,259
  • Apr 24, 2019 10:06pm Apr 24, 2019 10:06pm
EURUSD powerful movement down an easy 40pips scalp
https://www.forexfactory.com/showthr...9#post12238439

Attached Image (click to enlarge)
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TMT Scalping System (Best system on FF)
  • #84,260
  • Apr 25, 2019 1:03am Apr 25, 2019 1:03am
Hi
short term is up
buy 1157 SL 1144
better target possible 1225 --> area to sell
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