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  • #1,155,721
  • May 10, 2019 8:30am May 10, 2019 8:30am
This is one of those things on a long term trading. It will get there where you have your TP but it takes time. Either way, today was news so obviously some currencies will go up and some down. Still holding bearish on CADCHF confident that this will go down next week.
  • #1,155,722
  • May 10, 2019 8:38am May 10, 2019 8:38am
Quoting wiserltz
I think this bar interrupt the market plan, shocked and lost direction... {image}
That pin bar gave the game away. Aside from knowing that liquidity was going to be down there it did something very sneaky which blew the market's cover.
I knew they weren't going to go down beyond it - at least for this session.

Out of my long now. Was hoping it would go higher but I'll take what's given on this pair today given it's also a Friday.
There's a pile of areas price could rotate back down through for another shot at the high. Let's see what next week brings.
  • #1,155,723
  • May 10, 2019 8:39am May 10, 2019 8:39am
perfect pa but not up to the mark , usdx should go below 96.86 down towards 96.35 & hang for the next week to decide . time still there to play .
similarly breaks up 1249 and or 1264 if not test 1300 today. Lets see
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,724
  • May 10, 2019 8:56am May 10, 2019 8:56am
CADCHF daily and weekly supply tested again. Holding sell positions. This will go down next week.
EURUSD could possibly get to 1.1297-1.1320.
Attached Image(s) (click to enlarge)
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  • #1,155,725
  • May 10, 2019 9:36am May 10, 2019 9:36am
Trading is Probability Game
Even the perfect setup can be fail also
So when we said this pair will drop or up ?

Be careful
  • #1,155,726
  • May 10, 2019 9:38am May 10, 2019 9:38am
apparently 1264 level seems tough to break but ok for normal pa , corresponding usdx 96.86.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 29 KB
Click to Enlarge Name: EURUSDH1.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,727
  • Edited 10:31am May 10, 2019 10:14am | Edited 10:31am
no catalyst yet to push the price higher past 1.127

bulls might fail today

i like to sell the EUR on the proxy currencies, more trend there
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Don't Worry Be Happy
  • #1,155,728
  • May 10, 2019 11:54am May 10, 2019 11:54am
Bearish pin bar 4 hour seems strong!
Attached Image (click to enlarge)
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sell strength in falling markets, and buy weakness in rising markets.
  • #1,155,729
  • May 10, 2019 5:35pm May 10, 2019 5:35pm
It will be interesting to see next week what China does.

Quote
"The escalation of trade friction is not in the interests of the people of the two countries and the people of the world," the ministry said. "The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures."

https://abcnews.go.com/Politics/stoc...ry?id=62944486

Tit for tat is risk-off for the market and further the EUR will sink.
Don't Worry Be Happy
  • #1,155,730
  • May 10, 2019 7:18pm May 10, 2019 7:18pm
Quoting MrPresident
It will be interesting to see next week what China does. {quote} https://abcnews.go.com/Politics/stoc...ry?id=62944486 Tit for tat is risk-off for the market and further the EUR will sink.

https://www.zerohedge.com/news/2019-...-billion-china

it gets worse with this idiot
buy the rumor,sell the news
  • #1,155,731
  • Edited 1:06am May 11, 2019 12:53am | Edited 1:06am
Quoting fontu
apparently 1264 level seems tough to break but ok for normal pa , corresponding usdx 96.86. {image} {image}
failed take 1264 , ok for good & bigger interest if , take more time to do so . anyway 1264/81 were correction levels before the GO if . so carry out the bull intact . correction levels remain 1181/70 without any harm to bull but they done repeatedly may not try last times /look back also before breaks 1st confirmation at 1323. so as early next week may be most critical as to break & stay close 1264/81 as of daily tf & 1230 weekly should have enough support to push up further. Take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 52 KB
Click to Enlarge Name: EURUSDH4.png Size: 40 KB
Click to Enlarge Name: EURUSDWeekly2.png Size: 44 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,732
  • May 11, 2019 1:27am May 11, 2019 1:27am
Quoting fontu
{quote} failed take 1264 , ok for good & bigger interest if , take more time to do so . anyway 1264/81 were correction levels before the GO if . so carry out the bull intact . correction levels remain 1181/70 without any harm to bull but they done repeatedly may not try last times /look back also before breaks 1st confirmation at 1323. so as early next week may be most critical as to break & stay close 1264/81 as of daily tf & 1230 weekly should have enough support to push up further. Take care {image} {image} {image}
Trading EURUSD is not exciting these days. Hardly moved 40 to 50 pips a day.

But risk is less.

Can you advise me in eur pair, which is better?
Intraday only.
  • #1,155,733
  • May 11, 2019 2:25am May 11, 2019 2:25am
Quoting navk
{quote} Trading EURUSD is not exciting these days. Hardly moved 40 to 50 pips a day. But risk is less. Can you advise me in eur pair, which is better?
EURJPY?

I already trade GU in one account.
Intraday only.
  • #1,155,734
  • May 11, 2019 2:41am May 11, 2019 2:41am
Probably going down to 1.1200 then up from there
ex nihilo
  • #1,155,735
  • May 11, 2019 3:05am May 11, 2019 3:05am
EU+ DX D1
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yes yes yes
  • #1,155,736
  • May 11, 2019 3:06am May 11, 2019 3:06am
Quoting navk
{quote} Trading EURUSD is not exciting these days. Hardly moved 40 to 50 pips a day. But risk is less. Can you advise me in eur pair, which is better?
That riskless is most important and should be best applied/aspired for forex trading , that is why my wife surviving near 1 yr with only 500$ and trading gu too , not hold good profit but surviving is enough for a newbie !!
checking eurjpy , it all up to sky with whatever correct down anytime. now try test 111.04 limit to catch 113.72 areas , ok if further extend to pullback 108.14, accidentally , hope not . so only buy at any lows like eu should be logical . take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,737
  • May 11, 2019 12:24pm May 11, 2019 12:24pm
In short term we are on sell pressure from above on 5min chart
Attached Image (click to enlarge)
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  • #1,155,738
  • Edited 1:39pm May 11, 2019 12:28pm | Edited 1:39pm
May 14th may be bad for the EUR if EU zone and Chinese data weak

May 15th could be a day where EUR is heavily sold if the GDP data is bad and retail sales data is good

If China retaliates, then USD/CNH will go up to devalue their currency and also cause EUR to sink

Trump also may put tariffs on EU autos, which will be further negative for the EUR

Quote
After raising tariffs on $200 billion of Chinese imports on Friday, U.S. President Donald Trump could turn the heat up on Europe as soon as next week when he is due to make a decision about its cars. For now, the EU, the world's biggest trade bloc, is a bystander in the battle between the other two global trade superpowers. That is worrying enough for an economy that is slowing.

https://www.devdiscourse.com/article...h-auto-tariffs

I don't expect a bullish rally anytime soon and it looks like there is another trap being set up for bulls according to the wicks that were formed on the daily chart and the failure to close above 1.127

A lot of people can get trapped easily because they get excited when the price goes up. They draw lines and think that somehow the market will follow the line and bounce off or if it cuts through it, then there is a trend change lol

Hint: The ECB came out and said on numerous occasions that there is a slowdown in the EU
Hint: Trump may be confident in winning the trade war because he is convinced that the numbers are good

so, why exactly should EUR rally?

Quote
U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War

https://www.nytimes.com/2019/05/11/w...trade-war.html

USDCNH (US Dollar vs Chinese Yuan) - EURUSD (Euro vs US Dollar) Correlation
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Volatility is picking up in the markets, very good for Forex traders
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Dollar index is not bearish on the longer time frame chart
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Don't Worry Be Happy
  • #1,155,739
  • May 11, 2019 1:22pm May 11, 2019 1:22pm
Quoting volforex
In short term we are on sell pressure from above on 5min chart {image}
ok but eu now got a bull at top & play work like this , not know which level will get when open it , try success first to fail if next
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,740
  • May 11, 2019 9:10pm May 11, 2019 9:10pm
Quoting MrPresident
May 14th may be bad for the EUR if EU zone and Chinese data weak May 15th could be a day where EUR is heavily sold if the GDP data is bad and retail sales data is good If China retaliates, then USD/CNH will go up to devalue their currency and also cause EUR to sink Trump also may put tariffs on EU autos, which will be further negative for the EUR {quote} https://www.devdiscourse.com/article...h-auto-tariffs I don't expect a bullish rally anytime soon...

i wouldnt get too excited about EU fall that much..... im excited about news from UK and im gona sell all GBP pairs...GA GN GJ GC and GCHF


the elites are losing their grip about trying another referendum or just plain ignoring the exit...i just wish i had alot more money so i could spread it around instead of just do a couple pairs with size

im gona leave EG alone and it might give euro strength in other pairs it doesnt deserve LOL


https://www.theguardian.com/politics...ves-and-labour
buy the rumor,sell the news
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