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  • #90,981
  • Edited 6:52am Jul 6, 2019 5:56am | Edited 6:52am
Quoting satish37
{quote} This chart is broader picture will take 1-2 month to decide any direction, at least 1. But we want money so just as nfp evaporate, 1.1274, 1.1292, 1.1318 , 1.1342, 1.1368 are level of correction of this down move. This levels upto 1.1318 must be touched , again 1.1318 must be touched .
I think eur reverse from1180-1190,it should be slow reverse, after eur goes again to 1,1410.Correction can be 12500-12400 now,after retest low 12000.But i dont play this correction.IF eur goes up 12580-it change all trend down.

Dear AbbasRizvi.I like your chart.I like to use Bollinger and different MA and MACD also.I think its very simple,and much easier than Fibonacci.
  • #90,982
  • Jul 6, 2019 7:14am Jul 6, 2019 7:14am
Quoting bigiivan
I wondering why some members here put their pictures and always show us how good they are. First they announce: buy zone at 1,1300-1,1320. But the price continue to fall. They put a new buy zone picture - about 1,1280. But the price still contiunue to fall. Then the buy zone became 1,1240. And finally they show us how they buy at 1,1210-1,1220 and make 5-10 pips profit. What about loss from 1,1320 to 1,1210? What is all that for? Here are people who follow red nicknames. They lose money in that way. Is it for the red diamond next to the nickname?...
in short let me tell you : No one know where market will going , up or down ,no matter who telling you , i was watching some professional traders for a year and i noticed most of time they just also give wrong decisions ,,,,, and even if someone really professional you will not get any advantages from him until he manage your account by himself because simply you don't have his mind , you don't know how he acting if he lost , what's his risk management or money management which make follow charts of others just useless , i never open topics like that but i just read your post by luck at main forum page and i liked to reply , if you decided to follow that topics then you can't blame others , also from what i saw here , i can see why a lot losing at that market,, some just try to give justifications why price move like that or like that, some say there was fibo level or trend or pattern or blah blah blah , beginners talk , they just can't accept fact that no one can know where market going and it's all just expectations at the end may work and may not , and others who just post charts with lines show where price will move in the pictures some of them really making me laugh they even draw how future waves will be .. and other who just post charts saying they thinking price will go up or down without any explanations based on what they decided that maybe because they just saw small bullish candles after large 3 or 4 bearish ... .. so my advice to you if you want to be successful depend on yourself and not look to that topics or you will just start to see things you will not like , like i saw already here ---- or just don't complain if you decide to stay in that
  • #90,983
  • Jul 6, 2019 8:12am Jul 6, 2019 8:12am
1. Forex/Market is game of probability. Just like other games or businesses.

2. Comment/replying/posting is just meant to discuss and looking at that particular angle. There is no request to follow or agree on that particular trade nor has ever been said.

3. Here on this thread members get many many theories and Technics to learn and know about trading. Some of my loosing were converting into winning by reading Ata's and Amir's Charts.

4. So thread and posting is very useful.

5. Once I used to pay $200/-pm for having look at such type of charts irrespective of winning or loosing.

6. But on this thread we get everything.

7. Keep on posting whatever Technic you have in tour knowledge , sharing is divine
Neither a Bro Nor a Pro I am I
  • #90,984
  • Jul 6, 2019 9:11am Jul 6, 2019 9:11am
Daily Status Update

  1. 2 of the shark targets have been reached and that way the end of this bear move might come to an end BUT keep in mind that candles are still inside a steep bearish channel and bulls must achieve a breakout or slide out first that could serve as early bullish signals.
  2. Assuming that Monday candle still stays in this channel range, the main resistance would sit right at: 1.1266 and main support would be at 1.1190 roughly that would mark my potential range for that day.
  3. I started buying already but save your real entries for later, especially until bear pressure dimms and intraday candles build a supportive barrier around 1.1210/15 roughly. I think real bull power will kick in if/once price can climb back above fib 61.8 area: 1.1225..
  4. My bullish scenario anticipates that we first might go all the way up to 1.1370 area.. From there, can it go even higher? Maybe... depends on momentum.. time will tell..

Enjoy your weekends folks and stay away from provocative drama.. We hopefully continue after London opening on Monday..

Stay Green

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Focus only on what truly matters!
  • #90,985
  • Jul 6, 2019 10:05am Jul 6, 2019 10:05am
Quoting Ata-Turkoglu
Daily Status Update 2 of the shark targets have been reached and that way the end of this bear move might come to an end BUT keep in mind that candles are still inside a steep bearish channel and bulls must achieve a breakout or slide out first that could serve as early bullish signals. Assuming that Monday candle still stays in this channel range, the main resistance would sit right at: 1.1266 and main support would be at 1.1190 roughly that would mark my potential range for that day. I started buying already but save your real entries for later,...
I'm hoping if it will be a bulish 5.0 it's usually a lot like the shark.
  • #90,986
  • Jul 6, 2019 10:11am Jul 6, 2019 10:11am
Attached Image (click to enlarge)
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  • #90,987
  • Jul 6, 2019 11:26am Jul 6, 2019 11:26am
Quoting Marcieny
{quote} I'm hoping if it will be a bulish 5.0 it's usually a lot like the shark.
Good to see you have knowledge about harmonic patterns.. appreciated..

Well, if you check my chart below I would emphasize that price has not created an AB=CD yet which would mean a touch to 1.1195.. Based on 5-0 pattern rules a 50% retracement alone is generally not enough.. It must be a cooperation of both the 50% (which can even slightly cross into 61.8 territory) and the AB=CD completion point.

For all the details about the 5-0 pattern you can watch the explanations that comes directly from its inventor:
Inserted Video


Long story short: Current picture supports your idea as long as you are aware that market might insist to complete the AB=CD part of the pattern and go a little more lower. Other than that I too can say that we are in a hot zone to look for buy opportunities. Good luck

Stay Green
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Focus only on what truly matters!
  • #90,988
  • Jul 6, 2019 11:43am Jul 6, 2019 11:43am
we have the possibility of seeing brexit good for UK and European Union, and the price eur/usd maybe an breakout...to high,
and what we see now may seem like a laterialization of days.

just a thought of many.
  • #90,989
  • Jul 6, 2019 12:36pm Jul 6, 2019 12:36pm
Should we be in a point of (down)trend setting (for the summer of 2019)... which I think we could/might see confirmation off by the end of next week, some traders have the, maybe final, opportunity to close the BUY positions, instead of stubborn waiting for the rebound which might happen, might not... Market was good for both sides, for some time now, didn't matter much, many times, which position you entered (BUY or SELL aka BULLish or BEARish), if you waited long enough, to expose yourself to the maximum, pay interests (on BUYs) and have not over-leveraged (having "turning radius" till margin/stop) you could pull some profits (eventually). But I suspect things might change, some positions could stay locked and be stopped eventually... I re-affirm my views (as so many times before in my previous posts on the FF) of a (slow) downtrend for the summer (at least), but yeah, nothing is set in stone, everything can change almost instantly... Will have to see the confirmation, hope to be somewhat more certain in this by the end of next week (finally).. This stall, status-quo is I think/hope over... The proper TREND recognising/betting will come in the front much more or the much more important component of the trades, specially the ones longer than a (few) week(s)...
But for some of the day-trading wizards out there, I believe they can trade even in counter-trend, at least on a daily basis or even within a week. I am pretty certain on this downtrend so unless something radically changes or show me otherwise, I will almost certainly be placing only SELL (day)trades and if the (down)trend will proven to be correct, even better

This post might provoke some, please do not respond with negative comment(s)s, the market will show us soon enough who might be closer to the "truth".
Just though about having this time-stamped.

Might repost after the end of "prediction"
Oh yeah, 10JUL19-10OCT19, I plan to be on the BEARISH side for EURUSD... placing 100% SELLs... 0% BUYS... most probably not in this published TE however where I would, at most, re-trade/place some of the (sample) trades from the main TE that I do not publish due to the reverse-engineering risks

Take care!
Can you afford to take that chance?
  • #90,990
  • Edited 1:18pm Jul 6, 2019 1:07pm | Edited 1:18pm
Quoting auricforecas
Should we be in a point of (down)trend setting (for the summer of 2019)... which I think we could/might see confirmation off by the end of next week, some traders have the, maybe final, opportunity to close the BUY positions, instead of stubborn waiting for the rebound which might happen, might not... Market was good for both sides, for some time now, didn't matter much, many times, which position you entered (BUY or SELL aka BULLish or BEARish), if you waited long enough, to expose yourself to the maximum, pay interests (on BUYs) and have not over-leveraged...
Actually the weekly EURUSD chart is "choppy" for weeks if not months.. no direction at all.. so I think nobody is insisting in any direction long term.. It is more about the fact that price makes huge swings.. simple as that..

*We better watch 1.1167/1.1212 area for supportive pa..

Stay Green
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Focus only on what truly matters!
  • #90,991
  • Jul 6, 2019 3:58pm Jul 6, 2019 3:58pm
Quoting Ata-Turkoglu
{quote} Actually the weekly EURUSD chart is "choppy" for weeks if not months.. no direction at all.. so I think nobody is insisting in any direction long term.. It is more about the fact that price makes huge swings.. simple as that.. *We better watch 1.1167/1.1212 area for supportive pa.. Stay Green {image}
Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #90,992
  • Jul 6, 2019 8:00pm Jul 6, 2019 8:00pm
Today
ECB's Coeure Speaks

Market may open with upside Gap , possibility.
ECB's Coeure Speaks
Neither a Bro Nor a Pro I am I
  • #90,993
  • Jul 6, 2019 9:55pm Jul 6, 2019 9:55pm
Quoting satish37
Today ECB's Coeure Speaks Market may open with upside Gap , possibility. ECB's Coeure Speaks
may i ask why
  • #90,994
  • Jul 6, 2019 10:29pm Jul 6, 2019 10:29pm
Quoting satish37
Today ECB's Coeure Speaks Market may open with upside Gap , possibility. ECB's Coeure Speaks
Lets hope not wouldn’t be good for me or our other friends who are bears
ex nihilo
  • #90,995
  • Jul 6, 2019 10:35pm Jul 6, 2019 10:35pm
Quoting auricforecas
Should we be in a point of (down)trend setting (for the summer of 2019)... which I think we could/might see confirmation off by the end of next week, some traders have the, maybe final, opportunity to close the BUY positions, instead of stubborn waiting for the rebound which might happen, might not... Market was good for both sides, for some time now, didn't matter much, many times, which position you entered (BUY or SELL aka BULLish or BEARish), if you waited long enough, to expose yourself to the maximum, pay interests (on BUYs) and have not over-leveraged...
I think No one can predict long term trend. But if we do look at the long term trend, according to PPP, eurusd should reach equilibrium at 1.2-1.25. But why it dropped since last year? Because 1) the start declination of Germany economy while ecb refuced to change monetary policy to stimulate economies 2) fed still raising interest rate. Now this year, two things at least is certain: 1) fed won’t raise rate. 2) new president will do things to change the current situation. So from my personal view, eurusd will return to the equilibrium status eventually.
  • #90,996
  • Jul 7, 2019 12:15am Jul 7, 2019 12:15am
Quoting ubtt
{quote} I think No one can predict long term trend. But if we do look at the long term trend, according to PPP, eurusd should reach equilibrium at 1.2-1.25. But why it dropped since last year? Because 1) the start declination of Germany economy while ecb refuced to change monetary policy to stimulate economies 2) fed still raising interest rate. Now this year, two things at least is certain: 1) fed won’t raise rate. 2) new president will do things to change the current situation. So from my personal view, eurusd will return to the equilibrium...
Why do you think I time-stamped it? I knew the risks... It is very challenging. We could discuss it at the end of the mentioned period, don't want to discuss it too much now.
I could have shown you past trend-prediction data/examples but it might do no good (now). What it is important now is the future (prediction) that I time-stamped.
(You can also check my rather recent posts here on FF that I posted BEFORE the FED speech on cuts...).

It is interesting how IT or PIGS troubles got almost unnoticed while all were focused on FED/ECB Of course anything can happen, hardest parameter being is intervention by central banks etc... but even that runs out eventually.. that is the beauty of FX to me... It is so big that they just can not (de)"stimulate" either side for (relatively) too long... Even the trillions run out and the market goes it's (supposed) way...

Ok will stop now because I could write for hours/days... but let's wait and see what happens first (relative to what I wrote
Just to be clear... I could be completely wrong due to some fail-reasoning or unexpected events/decisions... that might delay (at best) or won't happen at all.
Anything is possible in FX, that is part of it's beauty.. And also, I love that many think the opposite will/could/should happen, because that makes the market. What I really dislike is too much (drop for example) too soon, so that we have this retracements etc. (that could be the opportunity in itself, but I rather prefer to have the SAME type of trades that is synced with (expected) trend... I would prefer it to go down slowly for the summer at least..
We can discuss it on 10OCT19+ Thanks !
Can you afford to take that chance?
  • #90,997
  • Jul 7, 2019 2:17am Jul 7, 2019 2:17am
Quoting Ata-Turkoglu
{quote} Actually the weekly EURUSD chart is "choppy" for weeks if not months.. no direction at all.. so I think nobody is insisting in any direction long term.. It is more about the fact that price makes huge swings.. simple as that.. *We better watch 1.1167/1.1212 area for supportive pa.. Stay Green {image}
Looks like the Reversal falling wedge. The last three weeks closed above the Wedge line. Entering from the best support would be good.
  • #90,998
  • Jul 7, 2019 4:14am Jul 7, 2019 4:14am
Quoting JsCave
{quote} in short let me tell you : No one know where market will going , up or down ,no matter who telling you , i was watching some professional traders for a year and i noticed most of time they just also give wrong decisions ,,,,, and even if someone really professional you will not get any advantages from him until he manage your account by himself because simply you don't have his mind , you don't know how he acting if he lost , what's his risk management or money management which make follow charts of others just useless , i never open topics...
I can read a regular fonts, thanks!
  • #90,999
  • Jul 7, 2019 4:23am Jul 7, 2019 4:23am
Quoting Marcieny
we have the possibility of seeing brexit good for UK and European Union, and the price eur/usd maybe an breakout...to high, and what we see now may seem like a laterialization of days. just a thought of many.
I think so. but, The brexit mostly effect the UK. so i think it will not be a big deal for europe.
A good trade comes with a good assessment
  • #91,000
  • Jul 7, 2019 4:32am Jul 7, 2019 4:32am
Quoting JsCave
{quote} in short let me tell you : No one know where market will going , up or down ,no matter who telling you , i was watching some professional traders for a year and i noticed most of time they just also give wrong decisions ,,,,, and even if someone really professional you will not get any advantages from him until he manage your account by himself because simply you don't have his mind , you don't know how he acting if he lost , what's his risk management or money management which make follow charts of others just useless , i never open topics...
You didn't get me, do you?
I complain because new members blindly follow members with a red diamond. And I think red dimond's nicknames will be more carrefully what they say and how tbey say. Because some of them haven't got a god damn clue what is the direction. Am I clearer now?
Sorry for my english! Or it is not because of my english?
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