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  • #1,155,241
  • May 3, 2019 11:44am May 3, 2019 11:44am
EU is really stuck in a tight range which is why it is vital to take profits when you can and not get married to a position.

Pivots are also very subjective. These levels always looks great in a tight range but lay waste to accounts when the market trends.

I've posted a number of times why they are irrelevant to the market. They are purely a calculation based on the last week's range. It doesn't take a genius to work out the problem that can cause.

You'll notice on a quiet bank holiday week those pivots are packed tightly together. What you think happens when the market decides to breakout the following week?

The only thing you need on a chart is an understanding of supply, demand, news event risk and price action. Everything else is just information.
  • #1,155,242
  • May 3, 2019 11:55am May 3, 2019 11:55am
Quoting Coreg2004
{quote} So many roadblocks ahead, but they can be busted...long way to go...anything is possible. I like your analysis Noor. Good look with your trading. {image}
1.1261 target will be soon , lets see
Regard NOOR16
  • #1,155,243
  • May 3, 2019 12:04pm May 3, 2019 12:04pm
Quoting Noor16
{quote} 1.1261 target will be soon , lets see
Euro already hit today 120% 14 days ATR (average true range) so maybe for today enough? Although we never know what surprises the market can bring on.
Always trade your own plan...I don't provide trading signals.
  • #1,155,244
  • May 3, 2019 12:04pm May 3, 2019 12:04pm
Pretty neutral at this point. Still in a very tight range but some bullish PA on the news output. Holding very small bits and scalping heavy.

Maybe a run to that upper zone.
Attached Image (click to enlarge)
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  • #1,155,245
  • May 3, 2019 12:15pm May 3, 2019 12:15pm
Quoting Coreg2004
{quote} Euro already hit today 120% 14 days ATR (average true range) so maybe for today enough? Although we never know what surprises the market can bring on.
I mean next week target
Regard NOOR16
  • #1,155,246
  • May 3, 2019 1:06pm May 3, 2019 1:06pm
still long
this is M30 chart

edit: decided to exit 37 pips
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in wondering about yourself, you forgot what you came here to be part of
  • #1,155,247
  • May 3, 2019 1:21pm May 3, 2019 1:21pm
quite the pop today eh? didn't expect such a strong retracement. . .
lol - at the end of the day though, it did go down a bit more like i said it would!!
  • #1,155,248
  • May 3, 2019 1:33pm May 3, 2019 1:33pm
eu h1 + dx h1
mix 15 m
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yes yes yes
  • #1,155,249
  • May 3, 2019 1:56pm May 3, 2019 1:56pm
You see how fundamentals play out today. Look at that big huge candle on daily GBPUSD almost 200 pips. But come next week, big possibility of going down again. But this is also a lesson I learned, when there is big major news, I stay out of trading. Anything can happen.
Attached Image (click to enlarge)
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  • #1,155,250
  • May 3, 2019 2:03pm May 3, 2019 2:03pm
Attached Image
  • #1,155,251
  • Edited 3:03pm May 3, 2019 2:49pm | Edited 3:03pm
welp,,,i closed my euros longs at 1195...dont feel like holding over weekend...will look to short mondsy

i did start shorting GU at 3140 and 3162 just now....i have this feeling its gona retrace todays whole advance next week....the margin is crazy...i can only short half of what i could the euro on the same margin .....the drop better be quick cause im not holding all week tying up that much margin
buy the rumor,sell the news
  • #1,155,252
  • May 3, 2019 3:10pm May 3, 2019 3:10pm
im not gona keep trading GU that often...the margin rate is twice euros and the short swap rate is only half from what i seen on a website....that sucks so those limey bastids better drop this pair quickly
buy the rumor,sell the news
  • #1,155,253
  • May 3, 2019 4:19pm May 3, 2019 4:19pm
Have a good weekend everyone. Trade safe.
  • #1,155,254
  • May 3, 2019 4:56pm May 3, 2019 4:56pm
Quoting riclater211
Hey All, I'm not so sure the Fed speech actually had much to do with today's down candle. I mean price pressure overall has been pushing EU down for over a year now. Being it that I am longer term trader, at least chart wise, this has zero effect on my view if EU. Sure, it helped accelerate the drop a bit but so what. Without some serious changes to how the EUR is managed fundamentally, the EUR will continue to weaken over time. Remember, it has only been 2 years since the EUR was only 300 pips away from parity with USD. Down trend for 11 years...
Hey All,

Ho Hum week. Nothing really special. Lookout stays the same. Cant force things that are not happening.

Have a Great Weekend

-Ric
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Be humble or get humbled
  • #1,155,255
  • May 3, 2019 9:04pm May 3, 2019 9:04pm
My take on EU is that NFP finished up the downside move with a huge pin bar (not too unlike 1st May move did the same thing) and that we are headed back up now. Looking for dips to buy but unsure how far this swing will go because the previous drop on May 1st isn’t too far away.
  • #1,155,256
  • May 3, 2019 11:11pm May 3, 2019 11:11pm
Quoting fontu
{quote} possible but may to test now 1218 breaks or not & next try for 1240/55 areas before good correction below 1152 if possible , that is this level may not at all coming , at least today. good luck {image} {image}
Tried well but failed take 1218, at least close over 1200,so market kept suspense as always at the weekend. But it was unnessary to keep all trades open, at "be" as always though when chances of correction next or not have any confirmation in the present leg, early signal 1218, early confirmation 1263.
Unfortunately was in meeting last night and not manage trades for last 4 hrs, when free market alreafy closed. . Hope all be ok to see price continue up and may have chance to lock more profit. Happy weekend.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,257
  • May 3, 2019 11:15pm May 3, 2019 11:15pm
Quoting fontu
{quote} Tried well but failed take 1218, at least close over 1200,so market kept suspense as always at the weekend. But it was unnessary to keep all trades open, at "be" as always though when chances of correction next or not have any confirmation in the present leg, early signal 1218, early confirmation 1263. Unfortunately was in meeting last night and not manage trades for last 4 hrs, when free market alreafy closed. . Hope all be ok to see price continue up and may have chance to lock more profit. Happy weekend.


what trades fontu...i dont think uve ever posted a buy or sell?
buy the rumor,sell the news
  • #1,155,258
  • Edited 11:30pm May 3, 2019 11:19pm | Edited 11:30pm
patiencefx is another one...he posts 4h charts which insinuates thats the timeframe hes trading but then 10 minutes later he panics and closes LOL...how fooked up is that?

i can see why he trades .01 lots cause the rupee is worth a penny to the dollar so hes actually trading one lots


i hope people become more transparent with their trading instead of trying to garner subscribers for that red dot which signifies crap when u come down to it LOL.....id rather make money than subscribers
buy the rumor,sell the news
  • #1,155,259
  • Edited 11:32pm May 3, 2019 11:21pm | Edited 11:32pm
and dont get me started about his deleting his posts...he shud be ostracized like the untouchables in his country for doing that

he may not be shoveling manure like they do in his country but he sure does spread it around this room LOL
buy the rumor,sell the news
  • #1,155,260
  • May 3, 2019 11:30pm May 3, 2019 11:30pm
Quoting wasntme
{quote} what trades fontu...i dont think uve ever posted a buy or sell?
Price below 1200 actually buy for me only, though at times scalping short tests but exposure only minimum , test only. You may see my charts and my trades as per most time not always engage with charts though. Yesterday longs there from at lowest level, nfp lows for eu, gu, gj and still open. I do not like trade call to declare my positions. People take their own way and decision, just share my views and weekend situations as was in odd situation, not liked to!
Thanks
Not understand?better not follow my analyses!doubt clearer first, risks ++
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