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  • #91,281
  • Jul 11, 2019 11:41am Jul 11, 2019 11:41am
Quoting Ata-Turkoglu
I don't know how close price can get to 1.1245 but I will try to buy as close as it gets to that level.. No rush! Stay Green
And Atta takes the prize. A demand zone stopped the fall just below 1.1245.
  • #91,282
  • Edited 12:10pm Jul 11, 2019 11:48am | Edited 12:10pm
Quoting sqaguru
{quote} And Atta takes the prize. A demand zone stopped the fall just below 1.1245.
This is not demand zone-its support,daily open,but eur cross it.
  • #91,283
  • Jul 11, 2019 11:56am Jul 11, 2019 11:56am
Just to share my thoughts here.

that past 1 month trading I had been having very good trade and I closed mostly all my trades, I don’t follow the news I followed the trend of candlesticks patterns and movement as I was well trained. Most of my trades are based on the candlesticks and I will start to login my position as early as 759am Malaysia time, I still believe the below 2 important areas that likely the trade will reach.

1. The up north business is still not finish and the marching towards it is still progressing and my speculation tells me by tomorrow or next week we will see the next high, last week Friday when the trend starts to emerge the trend hasn’t been reaching the top area where usually it will hit at least 50 pips above before plunged down the south the candlesticks last Friday had a very very short head almost unseen unnoticed it has to reach a certain pips before progressive trend forms. To cut the story short, there are 2 very significant trend supporting the uptrend at this current movement with 1 having a clearer head candlestick which is above all.

2. Last Friday the downward trend has reached 26 pips only and it moves upwards small movement downwards will trigger hunger in the lower trend hence you will observe a slow movement going down south in no time.

lets observe this is just my 2 cents
  • #91,284
  • Jul 11, 2019 12:21pm Jul 11, 2019 12:21pm
Quoting viktoriaxz
{quote} This is not demand zone-its support,daily open,but eur cross it.
I should have been clear about what I meant. It's a very short term (2 min chart) demand zone.
  • #91,285
  • Jul 11, 2019 1:09pm Jul 11, 2019 1:09pm
Quoting viktoriaxz
{quote} This is not demand zone-its support,daily open,but eur cross it.
You guys are really funny "Demand" means "Support".. and "Supply" means "Resistance"..

Stay Green
Focus only on what truly matters!
  • #91,286
  • Jul 11, 2019 1:37pm Jul 11, 2019 1:37pm
If tomorrow we see eur around 12700 we go up,if it stays like this it goes to 11200 or less a little.But after up.
  • #91,287
  • Jul 11, 2019 1:38pm Jul 11, 2019 1:38pm
Quoting Ata-Turkoglu
{quote} You guys are really funny "Demand" means "Support".. and "Supply" means "Resistance".. Stay Green
Terminology can be confusing. There may actually be a difference between the traditional "support/resistance" and newer "supply/demand". Supply/Demand are usually associated with methodologies that use complex price action and order flow/volume imbalances algorithms, while support/resistance are associated with traditional methods.
  • #91,288
  • Jul 11, 2019 1:50pm Jul 11, 2019 1:50pm
Quoting sqaguru
{quote} Terminology can be confusing. There may actually be a difference between the traditional "support/resistance" and newer "supply/demand". Supply/Demand are usually associated with methodologies that use complex price action and order flow/volume imbalances algorithms, while support/resistance are associated with traditional methods.
Such confusing terminologies have made trading difficult otherwise trading is not so much difficult, we should revert to simple methods.
  • #91,289
  • Jul 11, 2019 2:17pm Jul 11, 2019 2:17pm
Quoting sqaguru
{quote} Terminology can be confusing. There may actually be a difference between the traditional "support/resistance" and newer "supply/demand". Supply/Demand are usually associated with methodologies that use complex price action and order flow/volume imbalances algorithms, while support/resistance are associated with traditional methods.
An easy way to remember is to focus on the meaning of the word "DEMAND".. It is wanting something.. so if you want something you want to BUY it.. that way you are creating "SUPPORT" for that company who sells it. Once you connect the dots SUPPLY is what the company does.. They supply you with the product.. they SELL you something.. But you as the customer don't want to buy easily.. You have that natural RESISTANCE to buy and therefore you need to be convinced by the sales person! In other words the SELLER is causing RESISTANCE..

Anyways.. back to EURUSD..

Stay Green
Focus only on what truly matters!
  • #91,290
  • Jul 11, 2019 2:37pm Jul 11, 2019 2:37pm
Hello all,

Hope we all good, been a while sine I contributed here..
straight to it, here's my idea direction for a 100 pip move (if things go a bit smooth lol)

anyway, who else thinking same?
Attached Image (click to enlarge)
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  • #91,291
  • Jul 11, 2019 3:20pm Jul 11, 2019 3:20pm
H1 Status Update

Bulls should wait until we see some supportive priceaction. Nearest support zone is 1.1230/40 zone based on structure. GREEN line is getting flat based on low volatility and therefore I am not worried about bears. I simply let my long order run. We can re-analyse tomorrow after London opening. Trade safe!

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #91,292
  • Jul 11, 2019 3:32pm Jul 11, 2019 3:32pm
Daily S/R Levels for Friday

  1. Bears can try to retest previous resistance area: 1.1206/24
  2. Bulls will at least try to climb above my WMA-17 line but for a long-term trend they have to climb above WMA-205 line which is sitting right at 1.1288. While daily candles keep closing below this level intraday movements might be restricted with sideways and corrective priceaction.
  3. For this week, even a break above 1.1288 is still limited with next resistance level 1.1308 therefore I don't expect too much bull action. Next week can provide a larger range..
  4. Overall, Friday could become a flat and boring day.. (hopefully not)

Stay Green

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #91,293
  • Jul 11, 2019 6:00pm Jul 11, 2019 6:00pm
Could be this.. hopefully
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  • #91,294
  • Jul 11, 2019 8:30pm Jul 11, 2019 8:30pm
Euro starts tricky on the levels between 1.12-1.13.
Bears thought would go below 1.118, burnt.
Bulls thought would breakout the trendline at 1.128, burnt.
now the big money made a shooting star here as well as massive options expires today at 1.12, 1.125, 1.127, 1.13. Which means today is a bloody ranging day.
But seems low risk to open long below 1.125 and I won’t continue buying dips until 1.128 is reclaimed.
Later will have US PPI, which might be a green one considering yesterday’s CPI. But Fed prefers PCE which is on 7/26 and looking at big picture.
As Long as these bottoms can be defended, we are looking at a gradual but painful bottom forming process.
Attached Image (click to enlarge)
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  • #91,295
  • Jul 11, 2019 9:53pm Jul 11, 2019 9:53pm
As long as we don't move above 1.1286, the Elliott count will be bearish (1h chart), and a new leg down could be a wave 3.
  • #91,296
  • Jul 11, 2019 9:58pm Jul 11, 2019 9:58pm
I moved my take profit to 1.1450
ex nihilo
  • #91,297
  • Jul 11, 2019 10:02pm Jul 11, 2019 10:02pm
I just detected a potential pattern for reference.
i call it the legendary “old duck head” or “dragon emerging from sea”
And be patient, we shall see.
Attached Image (click to enlarge)
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  • #91,298
  • Jul 11, 2019 10:03pm Jul 11, 2019 10:03pm
On the candlestick, the bottom of the opening has not been achieved a specific PIPS (Based on studies on candlesticks), if you look at the morning movement, the opening is 1.12505 and it went up straight till now, the question is the movement to south hasn't been achieved. It will surely move downwards a little.

Daily Chart below ensue.
Attached Image
  • #91,299
  • Jul 11, 2019 10:57pm Jul 11, 2019 10:57pm
Quoting Oc6oph
I moved my take profit to 1.1450
May I ask why and when do you expect this move?
  • #91,300
  • Jul 11, 2019 11:37pm Jul 11, 2019 11:37pm
Quoting Skultis
{quote} May I ask why and when do you expect this move?
Yes I believe it’s going up there for liquidity but could be wrong. I’m going to close my trades if I see sell signals. Looks like we’re going up a good bit to me
ex nihilo
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