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EURUSD only

Ok anyway looks like that joke went wrong. Sorry if anyone got offended, was just dicking around (it’s a holiday after all).

But in all seriousness, with that low last week I posted a similar daily chart as the one attached (same lines, just updated with current week’s movements).

Some things to note:

All the news mambo jumbo is still just a pre cursor to FRIDAY’s NFP and other misc news. Sure we have a wick making a high, but it doesn’t discount the fact that that level won’t be retested again this week. Depending on how we close tonight, I might actually buy scalps my way up again, to sell again from that area. 1.119 was supportive and might support again (for a retrace of this plunge down). So any new shorts I’d want to take would come from higher... buying on the other hand.. well that’s just itchy fingers lol
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You hesitate, you masturbate.
Quoting Mitiblotch
{quote} I wish you blue pips and multiple euphoria episodes of winning trades.
wait
pips are blue now?
what happened to green?
in wondering about yourself, you forgot what you came here to be part of
Quoting engweijie
Who said you have to follow the trend to make money? (it’s a joke lol overall trend is still down even though the day is up) {image}
kudos to you Eng

joke was just fine in my books since intraday trend was up and only up till the last 2 hours , so you just made the bulk of your day on the last move down

well done man
Quoting knkie
{quote} wait pips are blue now? what happened to green?
Blue is the new green
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Quoting AbbasRizvi
{quote} I am still in favor of EU short. M5,M15,H1,H4 all are showing DIVERGENCE
Today EU drooped due to FED RATE or FOMC PRESS CONFERENCE,no not at all,it is all technical game.I should say 100% technical. Some times we understand and some times do not.Every day same scenario repeats,the DIVERGENCE.Tow days images if i could showAttachment gAttachment g
After 3-0 Barza against Liverpool. Lets return with the euro!
Don't believe me just watch!
Weekly graph is continuously showing DIVERGENCE and DAY graph shows reversal.Down trend has exhausted. H4 is creating DIVERGENCE for upward and EU is long tomorrow
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Daily S/R Levels for Thursday

Okay folks, it really was an interesting day I have to give you that Now here is my analysis for Thursday:

  1. Daily candle couldn't climb above 1.1215 (WMA 17, Shift: 2, that I only use for daily chart!). During Asian session this level might get retested. If bulls succeed we might see a second test towards 1.1255.. Let's stick to these levels on bullish side and not go too far high.
  2. On the bearish side fibonacci levels come in handy: Fib 38.2: 1.1205 is broken, which indicates significant bear power but as long as Fib 50: 1.1187 holds I think this can still bounce up. Therefore bears must watch if intraday candles can roughly stay above 1.1180. If yes it would be best not to marry a "bearish" bias (yet). Especially when the next fib level 61.8 sits very close at: 1.1162 area, I believe it might not worth to jump in short long-term. Only for scalping I believe.
  3. Overall, I will trade bearish while intraday candles are below 1.1215 and bullish once/if they climb back above.
  4. I maybe would also risk scalper buy trades once/if we drop back down to fib 61.8
  5. While intraday candles are between fib 38.2 and 50 I prefer to stay on sidelines.

I hope it helps you for today's trading plans.. Peace.. out..

Stay Green

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Be a seer, not a looker!
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Don't believe me just watch!
hey there
im gonna take a trade against the consensus here.

BUY 1.1197
SL 13 pips
target 26 pips
in wondering about yourself, you forgot what you came here to be part of
Quoting knkie
hey there im gonna take a trade against the consensus here. BUY 1.1197 SL 13 pips target 26 pips
Hi Knkie,
Usd is loosing strength and Eur is gainning, so a long (scalp) might make sense. But the strength pace is very weak, also volatility is dried.
You can be right, but... still to slow for me entry at this time.
Good luck,
If you don't know how to earn money, don't loose it.
Quoting coolmakina
{quote} Hi Knkie, Usd is loosing strength and Eur is gainning, so a long (scalp) might make sense. But the strength pace is very weak, also volatility is dried. You can be right, but... still to slow for me entry at this time. Good luck,
you may be right.
im on a short break so i just decided to place a trade and see what happens.

TA wise im looking at the strength of H4 , Demand area on M30.
Lots of R up there though so i would also not be suprised if this goes against me....

thanx for your concern
in wondering about yourself, you forgot what you came here to be part of
Hi,
Yesterday, price went up, made a higher high but closed low (bear bar), closing lower than half body of previous day. Volume was higher than previous day as well.
This price action, imo, is very bearish. i'm not seeing price going up for the rest of the, but NFP still to come, and everything can happen.
i'm lean on shorts for tomorrow, but PA will guide my entries either way.
i'm expecting a new touch of black supportive trend line, somewhere near 1.1113/10.
but i may be wrong.
cheers,
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If you don't know how to earn money, don't loose it.
H1 Status Update

Price landed at the bottom of the RED channel. Bear pressure sits along the BLUE TL.. In case bulls can climb back above the BLUE TL then the higher positioned Dashed-BLACK or Dashed-BLUE Trendlines might become a good area for sell setups.

The only problem is the flattening GREEN line though. I can already see that we might go back into a choppy phase with lots of indecision. Hopefully not.

Calling it a day folks.. Hopefully I continue after London opening.. Trade safe..

*Meanwhile, @knkie did not bad buying the bottom edge of RED channel

Stay Green
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Be a seer, not a looker!
Quoting Ata-Turkoglu
H1 Status Update Price landed at the bottom of the RED channel. Bear pressure sits along the BLUE TL.. In case bulls can climb back above the BLUE TL then the higher positioned Dashed-BLACK or Dashed-BLUE Trendlines might become a good area for sell setups. The only problem is the flattening GREEN line though. I can already see that we might go back into a choppy phase with lots of indecision. Hopefully not. Calling it a day folks.. Hopefully I continue after London opening.. Trade safe.. *Meanwhile, @knkie did not bad buying the bottom edge of...
thanx ata !
in wondering about yourself, you forgot what you came here to be part of
Quoting knkie
hey there im gonna take a trade against the consensus here. BUY 1.1197 SL 13 pips target 26 pips
Nice. Didn’t get my shot in bc I was asleep but that looks solid good luck!
You hesitate, you masturbate.
Quoting engweijie
{quote} Nice. Didn’t get my shot in bc I was asleep but that looks solid good luck!
Thanx Engwei!
in wondering about yourself, you forgot what you came here to be part of
Quoting Pollen
this is where i draw the line. Break or Hold {image}
This line was accurate

Looks like it held for now

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TMT Scalping System (Best system on FF)
Quoting newbegger
{quote} Building short position slowly. Don't want to be full position too soon as can be painful WHEN price moves against you. I normally ignore April NFP and just look to ADR for places to add to shorts. Cycles are usually right.
Still building short. Picked up another 2 minilots. Now .7 short. I expect movers to keep running this up, and I will continue to sell .1 lots.

Stops above 1.16.

First targets June 1 close

Most every year it is same cycle every year. Does not always work but most often makes a good long term trade
Ecclesiastes 1:9
EU in wave v .... please to complete the trend (same condition in tf h1/h4/d1/w1/mn)
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Market is always dinamic
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wladav
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