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  • #84,521
  • Apr 28, 2019 1:03am Apr 28, 2019 1:03am
Quoting pridolfx
{quote} spanish elections today..possible big gap at open market
So i need wait for Monday to see what's going on
Thanks mate
  • #84,522
  • Edited 3:11am Apr 28, 2019 2:47am | Edited 3:11am
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attach]EURUSDH4.png;3324039[/attach]
Monthly and Weekly charts show strongly short but Daily chart has created divergence for long. H4 chart also showing divergence for long but setup for long is still not complete.
M15 chart has created divergence for long so minimum upward move is expected upto 1.11696 which may extend further higher depending upon the indicator's (RSI 5)position at that time.
EU can play both sides up/down on Monday but shortly long.
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  • #84,523
  • Apr 28, 2019 2:57am Apr 28, 2019 2:57am
Quoting paroucia
{quote} Hi Ata you're analysis are amazing. i'm thankful of it. i'm in long at 1.1160 and because of "greed" i'm in DD. as i understand the trend will be down for monday. i want to know that on monday at asia session there will be strong bearish or it's just a few pips down and at london session there will be a strong bearish to 1.1105? i said it because when asia session begins it's sleep time in my local time! i want to know should i put a pending order or wait and see on monday. Best Regards
First of all thanks for the compliment, I really appreciate..

Okay, so regarding to your question of how to manage risk for Monday based on your situation depends on the way market opens and the Asian session that follows.

  1. Bullish scenario: If market opens with positive gap or regular and if H1 candles stay (i.e. keep closing) ABOVE 1.1227 I would keep my long orders if any.
  2. Bearish scenario: Only if market opens with significant negative gap, I would wait for gap close and on M15 chart I would check if the 1.1147/50 level rejects candles or not. Only if I see that no M15 candle can close above 1.1147/50 I would protect my long orders with equal or larger size sell orders.
  3. In the end, whatever scenario I would choose, after "London Opening" I would re-analyze the situation and alter my orders accordingly by accepting losses or taking profits of some of my orders if necessary.

I hope it gives you an idea... Wishing you the best for Monday

Stay Green

Focus only on what truly matters!
  • #84,524
  • Apr 28, 2019 3:01am Apr 28, 2019 3:01am
Quoting Ata-Turkoglu
{quote} First of all thanks for the compliment, I really appreciate.. Okay, so regarding to your question of how to manage risk for Monday based on your situation depends on the way market opens and the Asian session that follows. Bullish scenario: If market opens with positive gap or regular and if H1 candles stay (i.e. keep closing) ABOVE 1.1227 I would keep my long orders if any. Bearish scenario: Only if market opens with significant negative gap, I would wait for gap close and on M15 chart I would check if the 1.1147/50 level rejects candles...
Thank You So Much : )
  • #84,525
  • Apr 28, 2019 3:41am Apr 28, 2019 3:41am
Quoting Ata-Turkoglu
{quote} First of all thanks for the compliment, I really appreciate.. Okay, so regarding to your question of how to manage risk for Monday based on your situation depends on the way market opens and the Asian session that follows. Bullish scenario: If market opens with positive gap or regular and if H1 candles stay (i.e. keep closing) ABOVE 1.1227 I would keep my long orders if any. Bearish scenario: Only if market opens with significant negative gap, I would wait for gap close and on M15 chart I would check if the 1.1147/50 level rejects candles...
Ata you have given both scenarios which are appealing and your analysis are very right. Good wishes
  • #84,526
  • Apr 28, 2019 6:05am Apr 28, 2019 6:05am
Quoting pridolfx
{quote} spanish elections today..possible big gap at open market
if price gaps lets see how price will close.

Gap up or Down? What is your opinion?

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TMT Scalping System (Best system on FF)
  • #84,527
  • Apr 28, 2019 7:03am Apr 28, 2019 7:03am
Quoting Pollen
{quote} if price gaps lets see how price will close. Gap up or Down? What is your opinion? {image}
Gap up between 1.1155 to 1.1162 as per range seen on inter-bank terminal. From 5 hours from now please check www.xe.com.
Spain election might have some effect getting it down
The Phoenix Trader....
  • #84,528
  • Apr 28, 2019 12:09pm Apr 28, 2019 12:09pm
Quoting sunilpawar
{quote} Gap up between 1.1155 to 1.1162 as per range seen on inter-bank terminal. From 5 hours from now please check www.xe.com. Spain election might have some effect getting it down
Right now: 1.11555555
  • #84,529
  • Apr 28, 2019 1:16pm Apr 28, 2019 1:16pm
This week is important
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  • #84,530
  • Apr 28, 2019 1:28pm Apr 28, 2019 1:28pm
Quoting paroucia
{quote} Right now: 1.11555555
right now 1.1144
The Phoenix Trader....
  • #84,531
  • Apr 28, 2019 1:35pm Apr 28, 2019 1:35pm
it backed to where it was closed...
  • #84,532
  • Apr 28, 2019 1:45pm Apr 28, 2019 1:45pm
Quoting Pipsometer
This week is important {image}
My bias is North
  • #84,533
  • Apr 28, 2019 2:48pm Apr 28, 2019 2:48pm
Quoting Pipsometer
{quote} My bias is North
Possibly yes...but i think we revisit last weeks low first..big week for sure..just my 2 cents! Green Pips to all!
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Zip
  • #84,534
  • Apr 28, 2019 3:31pm Apr 28, 2019 3:31pm
Long from 1.1150
targeting 1.1190
  • #84,535
  • Apr 28, 2019 3:57pm Apr 28, 2019 3:57pm
I am avoiding this pair for now. But it is still my favourite
The fragrance remains in the hands of those that gves the rose
  • #84,536
  • Apr 28, 2019 4:15pm Apr 28, 2019 4:15pm
Japan is in holiday mode for a whole week so I don't expect much movement on Asian session. I guess millions of work addicted Japanese don't even know what to do with so much free time. Depressing for them. Anyway.. hopefully we continue after London opening. See ya later folks

Stay Green
Focus only on what truly matters!
  • #84,537
  • Apr 28, 2019 4:24pm Apr 28, 2019 4:24pm
Quoting Ata-Turkoglu
Japan is in holiday mode for a whole week so I don't expect much movement on Asian session. I guess millions of work addicted Japanese don't even know what to do with so much free time. Depressing for them. Anyway.. hopefully we continue after London opening. See ya later folks Stay Green

i dont know ata...i guess the jpy flash crash in january happened when japan was on extended holiday and last week there were articles warning people to be careful cause it may happen again...being a contrarian im looking for crash ups this week
buy the rumor,sell the news
  • #84,538
  • Edited 8:25pm Apr 28, 2019 7:59pm | Edited 8:25pm
Quoting Hutch
{quote} Maybe you should keep yourself informed by reading available news clips from reliable sources.
Look, just see which legs EU bulls will stand on come this week.
  • #84,539
  • Apr 28, 2019 8:57pm Apr 28, 2019 8:57pm
Quoting wasntme
{quote} i dont know ata...i guess the jpy flash crash in january happened when japan was on extended holiday and last week there were articles warning people to be careful cause it may happen again...being a contrarian im looking for crash ups this week
I wasn't talking about "the week". Just referred to a low vola Asian session for today which is almost over now anyway. Waiting for London opening.

Stay Green
Focus only on what truly matters!
  • #84,540
  • Apr 28, 2019 9:06pm Apr 28, 2019 9:06pm
eu1h
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Don't believe me just watch!
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