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  • #93,581
  • Aug 16, 2019 4:09am Aug 16, 2019 4:09am
Quoting zippo22
In general, I think someone has to be wise in putting the technical action in to the right perspective with the fundamentals (I know Ata likes to stay purely technical here). The technicals are like the tactics in the battlefield and the fundamentals like the strategy. Both have to be considered in unity and as Sun Tzu says - Tactics without strategy is the noise before defeat. And so for me, the fundamentals are main driver for the trend whereas the technicals are the result of the profis, big sharks and whales (and I agree the market in total)...
You are complicating everything with your fundamentalist perspective.. No.. I strongly disagree.. before you ever knew about bad German data this week we techies were talking about the drop based on Shark pattern C leg.. based on my MOFU Low theory and based on God knows what else.. Not every person who claims to be technical but the real "Guru Technicals" will always see the horizon months if not years ago compared to Guru Fundamentalists.. To me fundamentals are just the "cover up versions" to fit the bigger story which is nothing else than "the big order, a.k.a. chaos".. Meaning: Life has its universal algorithms and one who figures out the rules between the two sides of a coin (the rules behind physics and metaphysics) can tell best in advance what would happen next.. It is not prediction but calculation..

Anyways.. it is still an active work day.. we better focus on sharing ideas about EURUSD.. Thanks..

Stay Green
Focus only on what truly matters!
  • #93,582
  • Aug 16, 2019 4:13am Aug 16, 2019 4:13am
Good Morning!

Long 1.10805, SL: 40 pips , TP: Open

Pending Buy: 1.1062, SL & TP the same.


Trade Safe
Happy Trading
Trades technical moves enforced by fundamentals
  • #93,583
  • Aug 16, 2019 4:13am Aug 16, 2019 4:13am
EUR/USD breached 0.5Fib and 0.618Fib and formed a bearish trend channel. I suppose that the target of 0.786Fib at 1.1070 can be a point of correction start.
resistance: 1.1110 and 1.1135.
RSI shows 28 (oversold).
The next support is 1.1030 level of August minimum.

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#Anthonywins
  • #93,584
  • Aug 16, 2019 4:26am Aug 16, 2019 4:26am
Technically selling move has expired and if current 4HR candle finish as buy candle chances of upward move
are very strong.
Attached Image
  • #93,585
  • Aug 16, 2019 4:33am Aug 16, 2019 4:33am
Quoting Ata-Turkoglu
{quote} You are complicating everything with your fundamentalist perspective.. No.. I strongly disagree.. before you ever knew about bad German data this week we techies were talking about the drop based on Shark pattern C leg.. based on my MOFU Low theory and based on God knows what else.. Not every person who claims to be technical but the real "Guru Technicals" will always see the horizon months if not years ago compared to Guru Fundamentalists.. To me fundamentals are just the "cover up versions" to fit the bigger story which is nothing else...

I almost expected your strong principled reply and I see no point of disputing it to the bone. I see that you recognize the cyclical pattern of data from the technical perspective. And I have to admit - you are really good in that.
By all… I will not put in question the cyclicality of life. Yes, the one who has a sense for that - and can see it in whatever charts - is miles ahead. Btw… the bad German data had a trend already…

But anyhow to return to the EUR, as per your view where we will go from here?
  • #93,586
  • Aug 16, 2019 5:16am Aug 16, 2019 5:16am
Took profits for now, enjoy the weekend folks.
When you see it, BET big.
  • #93,587
  • Aug 16, 2019 5:21am Aug 16, 2019 5:21am
Good view of EurUsd status
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  • #93,588
  • Edited 6:05am Aug 16, 2019 5:54am | Edited 6:05am
I am now Long EU TP 1.1120
  • #93,589
  • Aug 16, 2019 5:55am Aug 16, 2019 5:55am
Quoting post
Good Morning! Long 1.10805, SL: 40 pips , TP: Open Pending Buy: 1.1062, SL & TP the same. Trade Safe Happy Trading
Hi post

Is this because of some levels you have or due to price action?
Would love to know your reasoning as youre very insightful
  • #93,590
  • Aug 16, 2019 6:25am Aug 16, 2019 6:25am
Quoting HumzahJ
{quote} Hi post Is this because of some levels you have or due to price action? Would love to know your reasoning as youre very insightful
Reasons: mainly Levels I am playing with, Plus RSI shows oversold in 4R chart

EU may be going down further but 12th Sep is still a long way to go.. so have some time for retrace

Trade Safe

Happy Trading
Trades technical moves enforced by fundamentals
  • #93,591
  • Aug 16, 2019 6:28am Aug 16, 2019 6:28am
Quoting LCForex
{quote} Out!!! Do not buy yet this thing must break todays low to complete a fractal structure
Good Morning!

Long here 1.1081
TP 1.1110
SL 1.1050
Don't believe me just watch!
  • #93,592
  • Aug 16, 2019 6:35am Aug 16, 2019 6:35am
Quoting bigiivan
Buy at 1,1113. SL at 1,1088.
Lost it.
Second try:
Buy at 1,1080.
SL at 1,1060.
  • #93,593
  • Aug 16, 2019 6:36am Aug 16, 2019 6:36am
Quoting directxxx
I am now Long EU TP 1.1120
OK so next 15 - 30 minutes are interesting
  • #93,594
  • Aug 16, 2019 6:37am Aug 16, 2019 6:37am
Quoting zippo22
{quote} I almost expected your strong principled reply and I see no point of disputing it to the bone. I see that you recognize the cyclical pattern of data from the technical perspective. And I have to admit - you are really good in that. By all… I will not put in question the cyclicality of life. Yes, the one who has a sense for that - and can see it in whatever charts - is miles ahead. Btw… the bad German data had a trend already… But anyhow to return to the EUR, as per your view where we will go from here?
Euro showed repeatedly false bearish breakouts in the near past.. I believe we are still inside that pattern and giving the fact that shark reversal point was 1.1090 we can consider some extension around +20 to 50 pips.. So again: As long as daily candle doesn't close below 1.1050 roughly I personally expect a bounce..

Stay Green
Focus only on what truly matters!
  • #93,595
  • Aug 16, 2019 6:54am Aug 16, 2019 6:54am
Hi Guys,
Even though my indicators are pointing towards over sold conditions I do not have any contrarian signal yet. Be sure that I will post my trades here as soon as I get them. As reversals or corrections could occur from the 20th of the month on wards I will be a bit more patient and wait for a clear signal.

Trade safe and have a nice weekend.
Cheers.
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Trade to trade another day
  • #93,596
  • Aug 16, 2019 7:00am Aug 16, 2019 7:00am
LooK the weekly engulfing, I dont trade candles, but I am pretty sure that market is going to cancel it closing today up of 1.1099.
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Don't believe me just watch!
  • #93,597
  • Aug 16, 2019 8:29am Aug 16, 2019 8:29am
Looking at this PA on M15 is giving my bad flashbacks of last friday, when your trades are in profit but constantly wondering how long that will last. Where price hasn't moved far away enough to put it at BE but yet is taking forever to move to your TP.
  • #93,598
  • Aug 16, 2019 8:43am Aug 16, 2019 8:43am
Quoting post
{quote} Reasons: mainly Levels I am playing with, Plus RSI shows oversold in 4R chart EU may be going down further but 12th Sep is still a long way to go.. so have some time for retrace Trade Safe Happy Trading
I'm not fan of "Oversold" or "Overbought" terminologies... I think they're rubbish
We are only learners in this life
  • #93,599
  • Aug 16, 2019 8:45am Aug 16, 2019 8:45am
Quoting Adam.k
{quote} I'm not fan of "Oversold" or "Overbought" terminologies... I think they're rubbish
if you say so.... but at least it helps me to avoid buying at high and selling at low

Happy Trading
Trades technical moves enforced by fundamentals
  • #93,600
  • Aug 16, 2019 9:00am Aug 16, 2019 9:00am
Quoting post
{quote} if you say so.... but at least it helps me to avoid buying at high and selling at low Happy Trading

And it will stop you continue buying uptrend or continue selling downtrend
We are only learners in this life
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