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  • #1,159,521
  • Edited 4:09pm Aug 28, 2019 3:40pm | Edited 4:09pm
Quoting Rag2RichesFX
I think everyone lost all their money. Nobody trades this pair anymore. It's like a stable coin. Grinding its way down to retest 1.1065 if can hold 1.1050 it will be a decent bounce.
But imagine what the underlying pressure might be? Just wait for the September.. and not just any... the FIRST in the work week...
PARTY TIME... People will be trying to squeeze the last drops before the christmas bonus and/or 13th... also summer basically over... kids will be in school... maximum pressure... under which some of the epic traders love to perform under... We seem to try to have some rebounce week (after it dropped to much in the beginning, for my taste/model) but it doesn't want to rebounce.. (as of yet)

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Funny thing, was quickly skipped/reading some famous guru's latest "predictions"... seem some are predicting like "it will go up, down or stay the same.." or "price will be around 1-2..." and then they quote themselves "told you so" style.. THE F.. man... but thats none of my business if people want/like this... It is so obvious or cheap trick that one wonder if they just want to be shaved of so badly, wool is too itchy to them.... it seems
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So stay tuned...

Of corse... if I'm wrong.... you know what is a second tier for failed traders?
Regardless of the previous track record or peak success stories After a few or even one bad trade(s)... GONE
Burgers anyone?

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Still, my no bull-... prediction is the same... check my posts... potential rebound to merlins line (about/pass 1.113, if this week).. and then slow eurusd decline to 31OCT19, 1.1000 (end of the timeframe of the model's output, for the period). Else towards parity... That would be in SHORT ELSE: flippin'

P.S. And maybe learn when not to trade... Peoeple that are expecting "stable" returns.... month after month (year after year).. are in the wrong racket I am afraid...

"But, hey, if we wanted to be in the "easy" business, we'd have gone to med school." Billions (2016)
Read more: https://www.springfieldspringfield.c...episode=s03e10

hah... epic quote, if you know (are aware of) the depths of it TNX
Can you afford to take that chance?
  • #1,159,522
  • Aug 28, 2019 4:22pm Aug 28, 2019 4:22pm
TPed at 1075
pulling my runners off. Only barriers below are 1064/1054 and I suspect there are some bulls down there (maybe)
  • #1,159,523
  • Aug 28, 2019 5:05pm Aug 28, 2019 5:05pm
Quoting auricforecas
{quote} But imagine what the underlying pressure might be? Just wait for the September.. and not just any... the FIRST in the work week... PARTY TIME... People will be trying to squeeze the last drops before the christmas bonus and/or 13th... also summer basically over... kids will be in school... maximum pressure... under which some of the epic traders love to perform under... We seem to try to have some rebounce week (after it dropped to much in the beginning, for my taste/model) but it doesn't want to rebounce.. (as of yet) {image} Funny thing,...

exactly once the historic low vol ends.... you will want to be glued to your screen like 2014-2017

big stop hunt under 1.10, maybe to 1.08 even, a strong reversal and close on the monthly and then bull may finally start

the reason it has been stable is massive accumulation in anticipation of FED rate cuts
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,159,524
  • Aug 28, 2019 5:15pm Aug 28, 2019 5:15pm
2017 was a fluke, very low liquidity rally, and it was just bears taking profits... who would actually buy EU with this insane monetary policy divergence. honestly it was the safest short i had seen in a long time, i wish i traded it better but its all good

gold is close to pulling back which will be nice to get long again this dip

gold is telling the story for what will happen to EUR in time (and all currencies vs USD, even China exposed currencies will rally watch when Trump makes a deal)
Be hopeful in a winning position, and fearful in a losing position.
  • #1,159,525
  • Aug 28, 2019 9:33pm Aug 28, 2019 9:33pm
Quoting post
{quote} Thanks bro... Honestly I would have loved to sell her around 1.1150-, but I was enjoying my Bank holiday ... My SL is above 1.112, as I have pending sell orders all the way up to 1.12 until ECB 12th Sep , TP1 for this trade is 1.1080, TP2 : 1.1065 Pending Buy Orders are 1.1030, 1.1020, 1.1001, SL: 40 pips. TP : Open NB: You can stay out of market but then again you wont be able to make money as well Happy Trading
Congrats, mate. You was right. Nice profit
  • #1,159,526
  • Aug 28, 2019 10:57pm Aug 28, 2019 10:57pm
100 Trillion dollars says this Euro is going down about 800 more pips over the next month.
  • #1,159,527
  • Aug 29, 2019 2:01am Aug 29, 2019 2:01am
Lagging, testing support 1.1075 zone.
If it hangs on too long here, we might see a rebound to 1.11 ...although we've seen "1.11 phobia" yesterday
...and my levels.
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Member
  • #1,159,528
  • Aug 29, 2019 3:13am Aug 29, 2019 3:13am
want to ask ,

the US treasury yield ,
how does it affect EUR/USD pair ?

always see the headline US treasury yield etc etc .


thank you
  • #1,159,529
  • Aug 29, 2019 3:19am Aug 29, 2019 3:19am
wtf this bitch bouncing from 1.1075 2 days yet
  • #1,159,530
  • Edited 3:39am Aug 29, 2019 3:23am | Edited 3:39am
Quoting paogeh
want to ask , the US treasury yield , how does it affect EUR/USD pair ? always see the headline US treasury yield etc etc . thank you
Traditionally, US 10y bonds use to go with the US dollar.
Because the investors are attracted by high yields in strong currencies.
So if USD strong, people keep bonds. If USD weak people use to sell bonds.
Now this doesn't work anymore. Because the complicated situation generated by trade wars and geopoliticals.......
So that curve doesn't give any reliable hint today...

Alteration of the basic rule might be caused also by other profitable assets much more attractive than bonds ...like skyrocketing stocks (since Dec. 2018)
(simple business, people sell bonds to buy stocks, risk appetite)

Conclusion, don't count on that yield curve for your long term trading!
Member
  • #1,159,531
  • Aug 29, 2019 3:53am Aug 29, 2019 3:53am
once again, DXY getting very overextended, I'm stacking buy orders in the 2 zones. SL/TP - see chart.
Good luck, traders!
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  • #1,159,532
  • Aug 29, 2019 6:36am Aug 29, 2019 6:36am
I think there could be a rise coming now
defeat can still be profitable
  • #1,159,533
  • Aug 29, 2019 7:03am Aug 29, 2019 7:03am
Quoting asgcorp
once again, DXY getting very overextended, I'm stacking buy orders in the 2 zones. SL/TP - see chart. Good luck, traders! {image}

Good economic data could break 1.10.

Iam in wait mode for now.
  • #1,159,534
  • Aug 29, 2019 7:15am Aug 29, 2019 7:15am
Quoting 3Davy
{quote} Good economic data could break 1.10. Iam in wait mode for now.
to break 1000 you need a lot of sell side pressure from smart money. Retail won't break 1000, it's a significant options barrier.
Smart money will never initiate positions near lows.

1000 will break eventually, but not until short sellers from overhead are squeezed out.
  • #1,159,535
  • Aug 29, 2019 7:36am Aug 29, 2019 7:36am
Quoting asgcorp
{quote} to break 1000 you need a lot of sell side pressure from smart money. Retail won't break 1000, it's a significant options barrier. Smart money will never initiate positions near lows. 1000 will break eventually, but not until short sellers from overhead are squeezed out.
AND WHAT MEAN "SMART MONEY"?? BIG BOYS FISHES?
  • #1,159,536
  • Aug 29, 2019 7:56am Aug 29, 2019 7:56am
Quoting asgcorp
{quote} to break 1000 you need a lot of sell side pressure from smart money. Retail won't break 1000, it's a significant options barrier. Smart money will never initiate positions near lows. 1000 will break eventually, but not until short sellers from overhead are squeezed out.
I stay short next 1.09.

Good luck
  • #1,159,537
  • Aug 29, 2019 8:02am Aug 29, 2019 8:02am
Quoting 3Davy
{quote} I stay short next 1.09. Good luck
this will hurt. But it's up to you.
  • #1,159,538
  • Aug 29, 2019 8:03am Aug 29, 2019 8:03am
Quoting 3Davy
{quote} I stay short next 1.09. Good luck
I am seing 1.13 as "next".
Everyone can see the chart, but only a few can actually read it.
  • #1,159,539
  • Aug 29, 2019 8:06am Aug 29, 2019 8:06am
Quoting OnlineAddict
{quote} I am seing 1.13 as "next".
My target yesterdag was 1.1070 so nice closed.

This is not hugh position.
  • #1,159,540
  • Aug 29, 2019 8:15am Aug 29, 2019 8:15am
Quoting OnlineAddict
{quote} I am seing 1.13 as "next".
Good luck to you to.

Stay green.
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