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  • #92,601
  • Jul 31, 2019 3:05pm Jul 31, 2019 3:05pm
Quoting OnlineAddict
EU should be a good buy at 1130, we might see 1200+ today.
This was a shitty advice for today, but the target stays. Friday we have some big news...who knows...
Everyone can see the chart, but only a few can actually read it.
  • #92,602
  • Jul 31, 2019 3:05pm Jul 31, 2019 3:05pm
I think 1.1056 will be the bouncing spot.. No rush!

Stay Green
Focus only on what truly matters!
  • #92,603
  • Jul 31, 2019 3:15pm Jul 31, 2019 3:15pm
Quoting Beyfor
{image} {image} The market performed as we exactly anticipated with catapult formation in place. Now the 1.1200 will act as a strong resistance and should cap any rally to keep the downward move healthy with ideal target 1.1060-1.1030 area and extended target 1.0860 (Low probability). A clear close above 1.1200 will give a strong signal that the last sub-leg of the diagonal triangle will miss its ideal target and the market will start building for a trend change which means: "A significant upward move is coming". Our weekly chart illustrates the...
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  • #92,604
  • Jul 31, 2019 3:24pm Jul 31, 2019 3:24pm
Quoting OnlineAddict
{quote} This was a shitty advice for today, but the target stays. Friday we have some big news...who knows...
US Goverment level action is needed to support the € at these levels; I think your best hope is a Trump tweet storm before friday.
  • #92,605
  • Edited 4:01pm Jul 31, 2019 3:42pm | Edited 4:01pm
Quoting Mitiblotch
{quote} Well, booked everything at 1.1123. Left one running with SL moved to 1148 (2pips profit) in case Powell decides to open the gates of hell below. Who knows. This one was a late one I added at 1150. {image}
Indeed Powell opened the flood gates of hell and we plucked the blue pips from the red hot coals of fire! Still holding my sell from, 1150. Now we know that 1.11 was not yearly bottom. I'm happy my analysis came true. That 1.11 was very tough support and now it will become very tough resistance. When people heckle you to close your shorts and you laugh at them.

One guy was heckling me to close my remaining short so I could "short from higher around 1250". Lol...
  • #92,606
  • Jul 31, 2019 3:59pm Jul 31, 2019 3:59pm
Quoting vinneyh
The fed cut rates. I thought when the fed cut rates EUR/USD will spike up but instead it spiked down. Could someone explain? I've made a post and asked what will happen if fed cut rates and people said there will be a spike up.
Whenever there's a big news event happening, all trading method cease... except for psychology. At this moment, you must think like the Big Boys a.k.a. coat n tie (Big Banks). To where the money is.. swallow it like a pacman. Stay green.
Only an idiot knows with certainty to where the market is going.
  • #92,607
  • Jul 31, 2019 4:06pm Jul 31, 2019 4:06pm
Th earliest indicator would be M15 candles closing more and more above 1.1077.. Otherwise we better stay short for a while..

Stay Green
Focus only on what truly matters!
  • #92,608
  • Jul 31, 2019 4:11pm Jul 31, 2019 4:11pm
Quoting SilverBolt
So many bulls?? Good for my bearish view. Sentiment is far too bullish when monthly and weekly trend is still down. We are sat on local res which provides tons of free space and plenty of easy stops to the downside and USD fed cut is factored in the so USD should still prevail.
Quoting SilverBolt

Targets 1) 1.1077

2) 1.1027


Dead easy trade to short the euro too many longs on here. 1st target hit 2nd should hit this week 50% profit taken move stop to BE then let it run.
  • #92,609
  • Jul 31, 2019 4:19pm Jul 31, 2019 4:19pm
Quoting MrBullBear
{quote} Whenever there's a big news event happening, all trading method cease... except for psychology. At this moment, you must think like the Big Boys a.k.a. coat n tie (Big Banks). To where the money is.. swallow it like a pacman. Stay green.

Nope i always go all in large stops trades were set up last weekend Month down, week down, day down, 4h up from sunday take 20 pips long for the weekly candle tail and short the rest
  • #92,610
  • Edited 4:55pm Jul 31, 2019 4:36pm | Edited 4:55pm
Quoting SilverBolt
{quote} Dead easy trade to short the euro too many longs on here. 1st target hit 2nd should hit this week 50% profit taken move stop to BE then let it run.
Quoting Ata-Turkoglu
Daily Status Update and S/R Levels I still believe that there is no certain direction yet but my anticipation is on the bullish side. However for bulls to walk higher today most crucial level is going to be my MOFU-Low level: 1.1160! Nearest support sits at 1.1125 and might get retested today. The lowest level that price could drop "today only" and especially based on volatility, is 1.1090 area. Once/if bulls can close above 1.1160 we then could look for immediate buy opportunities and/or keep buying new dips or open new Dashed-RED entries based on H1. For "today only", to see full bull power 1.1188 area is most crucial level! Intraday wise and with current picture in mind, let's see if bulls get rejected around 1.1175/88.. Based on situation we can decide to counter-trade or to stay in bull trend. Time will tell.. I hope it helps.. Stay Green {image}
I never got the feeling that sentiment was bullish.. If you felt that way fair enough.. In the morning we stated that 1.1160 is crucial.. Bulls couldn't achieve a close above that level on H1 and also no close above GREEN line.. My followers would know that there is nothing to buy.. (We also stated that maybe 1.1125 area is best place to look for scalper buy and that actually worked for 12 pips.. Yeah risky but still we mentioned 1.1125 area as important nearest support). Finally we also stated that only for today 1.1090 area might be the low.. As you can see price stopped near that area. Overall yes we shorted a lot because it was so obvious. If you did too all well..

Hear this: You might think this will go lower but nope, not so straight.. soon we are going back up to Daily MOFU High area at 1.1282... Your lower levels will come later.. But I don't know.. you might stick to your bearish sentiment.. What do I know, right? We just trade what we see..

Stay Green
Focus only on what truly matters!
  • #92,611
  • Jul 31, 2019 4:53pm Jul 31, 2019 4:53pm
Quoting Ata-Turkoglu
{quote} I never got the feeling that sentiment was bullish.. If you felt that way fair enough.. In the morning we stated that 1.1160 is crucial.. Bulls couldn't achieve a close above that level on H1 and also no close above GREEN line.. My followers would know that there is nothing to buy.. Hear this: You might think this will go lower but nope, not so straight.. soon we are going back up to Daily MOFU High area at 1.1282... Your lower levels will come later.. But I don't know.. you might stick to your bearish sentiment.. What do I know, right?...
Ata, I was wondering if you could explain what gives you the insight to make this statement.

soon we are going back up to Daily MOFU High area at 1.1282... Your lower levels will come later..

I am asking -- Not because I agree or disagree...... Just wanting to understand how you see the market. I respect your ability and had to ask.

Thanks in advance, regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #92,612
  • Jul 31, 2019 4:58pm Jul 31, 2019 4:58pm
Quoting iamsovereign
{quote} Ata, I was wondering if you could explain what gives you the insight to make this statement. soon we are going back up to Daily MOFU High area at 1.1282... Your lower levels will come later.. I am asking -- Not because I agree or disagree...... Just wanting to understand how you see the market. I respect your ability and had to ask. Thanks in advance, regards
Based on my MOFU theory (Which is my own definition of a certain type of long candle and not what other traders on other threads refer to as a general MOFU candle.), I know that market often has the urge to revisit the far end of my special MOFU candle. On daily the high of that candle sits at 1.1282.. We will go back there..

Stay Green
Focus only on what truly matters!
  • #92,613
  • Jul 31, 2019 5:03pm Jul 31, 2019 5:03pm
I dont single anyone out i just browse the last dozen posts to get a feel for sentiment. Actually you see IG sentiment for retail 75% are long euro and over 80% long on cable before it dumped this week. OUCH that's got to hurt a lot of people doing elliot wave stuff thinking wave 5 ended last week and trying to buy the dips. A lot are long term trades holding for weeks hoping for a come back to the good old highs that may never happen.

You can see on the month charts we are reaching places that havent been seen in along time. If the price tells all it says the euro zone has topped out 10 years ago With the UK doing it brexit thing it looks like its the final nail in the coffin. Cable will be an excellent buy but only when brexit is finalised. Euro land looks to me like its going to see the biggest crash in living history as it falls apart as we are busting decades long month support. When will this happen? I dunno not next week or may not be this year but not far away probably next year when the UK is out and Deutsche Bank collapses.
  • #92,614
  • Jul 31, 2019 5:10pm Jul 31, 2019 5:10pm
Quoting Ata-Turkoglu
{quote} Based on my MOFU theory (Which is my own definition of a certain type of long candle and not what other traders on other threads refer to as a general MOFU candle.), I know that market often has the urge to revisit the far end of my special MOFU candle. On daily the high of that candle sits at 1.1282.. We will go back there.. Stay Green
That was my next question MOFU I have my own interpretation ....LOL

so if I may ask .. what is the your definition of the mofu daily candle ?..... I know one criteria is lets say a longer daily than usual... I see at that level the previous candle is as long but opposite direction..... I guess you could call it railroad track candles.

Again I thank you for you input and your time given so generously.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #92,615
  • Jul 31, 2019 5:13pm Jul 31, 2019 5:13pm
Quoting Ata-Turkoglu
{quote} Based on my MOFU theory (Which is my own definition of a certain type of long candle and not what other traders on other threads refer to as a general MOFU candle.), I know that market often has the urge to revisit the far end of my special MOFU candle. On daily the high of that candle sits at 1.1282.. We will go back there.. Stay Green
Atta, also supporting your prediction is that the level would be the 61.8% retracement on the daily chart and the bearish leg 2 Elliott wave as shown below:
Attached Image (click to enlarge)
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  • #92,616
  • Jul 31, 2019 5:14pm Jul 31, 2019 5:14pm
Quoting iamsovereign
{quote} That was my next question MOFU I have my own interpretation ....LOL so if I may ask .. what is the your definition of the mofu daily candle ?..... I know one criteria is lets say a longer daily than usual... I see at that level the previous candle is as long but opposite direction..... I guess you could call it railroad track candles. Again I thank you for you input and your time given so generously.
I have 2 criterias: My MOFU candle has to:

  1. Be larger than any nearby candle!
  2. Be crossing WMA 20 or 17!

All other long candles are irrelevant..

Stay Green

Focus only on what truly matters!
  • #92,617
  • Jul 31, 2019 5:24pm Jul 31, 2019 5:24pm
I think that we wont't see a lot of movement untill friday where the NFP could lead to some bullsh movement of the EUR.
  • #92,618
  • Jul 31, 2019 6:37pm Jul 31, 2019 6:37pm
Quoting stevanuss
H4 {image}
This session done H4 3 pairs 600 Pips, just wait and see
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  • #92,619
  • Jul 31, 2019 6:46pm Jul 31, 2019 6:46pm
Quoting LCForex
{quote} The area was hit it! Now Looking a good place to get long {image}
For me we need to stay one day up of 1.1095 to confirm the low.
Don't believe me just watch!
  • #92,620
  • Jul 31, 2019 6:49pm Jul 31, 2019 6:49pm
Quoting stevanuss
{quote} This session done H4 3 pairs 600 Pips, just wait and see {image}
That is 60 pips? I been super confused getting back into the trade world a few months ago with the extra decimal place added. 1 pip is now 10 points or 100 points? Your 0.01 lot with $6.71 profit is 670 points/67 pips? Asking so I understand the change.
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