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EURUSD only

  • #96,621
  • Oct 18, 2019 2:21pm Oct 18, 2019 2:21pm
Bulls beat bears black and blue these past three weeks.
  • #96,622
  • Oct 18, 2019 2:22pm Oct 18, 2019 2:22pm
Quoting bigiivan
Just trying to guess: Britain parliament will reject the deal and the market will open with gap down. Then huge move down. Let's see on Monday!
If you're right logic wins over crazy
  • #96,623
  • Oct 18, 2019 2:23pm Oct 18, 2019 2:23pm
Quoting bigiivan
Just trying to guess: Britain parliament will reject the deal and the market will open with gap down. Then huge move down. Let's see on Monday!
Most likely what will happen. This overextended straight rise seems to me like an extreme to take out shorts and then open with a huge gap down which people will attempt to buy but it will keep going down to correct this move.
  • #96,624
  • Edited 3:07pm Oct 18, 2019 2:40pm | Edited 3:07pm
It doesn't matter what they say, this wave is done and big correction will follow.
News doesn't move markets it's voodoo cult of personality. The news is the historical re telling of past events. The cause was already present.
I think I've found the definitive answer to explain this finally after ten years of head scratching.
Everything Happens according to Law. Right now the law is ending diagonals can fall short of the trendline. closed longs and short at 1.11601.

We'll hit 1175 I moved the triangle over again to next low and high...
Attached Image (click to enlarge)
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Founder of Sutherland Wave Principle
  • #96,625
  • Edited 2:56pm Oct 18, 2019 2:42pm | Edited 2:56pm
in weekly we can go BB20-1.13966,we crossed middle of weekly.some people speak about brexit.Huge gap down and so on.But we have trend this is not spike up,this is trend up.middle of BB20 weekly -1.1444 we crossed it up.
  • #96,626
  • Oct 18, 2019 3:08pm Oct 18, 2019 3:08pm
Closed sell and buy again. after moving triangle over to the next high and low peak it's still ok.
Big love to the brokers who make this all possible. You guys should treat yourselves this weekend.
Attached Image (click to enlarge)
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Founder of Sutherland Wave Principle
  • #96,627
  • Oct 18, 2019 3:11pm Oct 18, 2019 3:11pm
BIGGEST BOUNCE IN 2019

With more than an hour to go in this Friday session we have clocked the biggest bounce this year for EURUSD at 287 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: 20191017 242PM EURUSD.jpg Size: 259 KB


Not only has this bounce outstripped the January, March, and June bounces which were the biggest heretofore, we managed to just barely squeak a pip or few above the August 25th high and thus take out two of the last important highs.

Where will it end? The August 5th high of 1.1250 is still another 85 pips away demanding just over 370 total pips from this bounce if it is to get stricken. Such a move has not been seen since August of 2018 when 13 calendar days saw a trough to peak bounce of 433 pips:

Attached Image (click to enlarge)
Click to Enlarge Name: 2018 aug bump.jpg Size: 120 KB


While that bounce was followed by a 203 pip decline (almost half the way back to the bottom), EURUSD took three months to make a fresh new low in mid-November 2018 only to remain sideways for another 5 months before cutting another new low.

This bounce is now getting old and tall to be sure but another 150 pips to outstrip the Aug 2018 bounce is totally possible. Unfortunately for me that is where my stops will start to get hit....
  • #96,628
  • Oct 18, 2019 3:21pm Oct 18, 2019 3:21pm
Trend is changing on the daily timeframe... Bullish

Attached Image (click to enlarge)
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TMT Scalping System (Best system on FF)
  • #96,629
  • Oct 18, 2019 3:25pm Oct 18, 2019 3:25pm
Quoting Wavegarrick
{quote} All good Bud, and I like your professional approach to my question. You know what you are doing and a little word of advice is to change "expected" to "could" as there are lots of new traders looking at the regular posters here. Anyhow, all good Abbas. Have a great weekend. Cheers.
THANKS,I will act as you advised
Good wishes
  • #96,630
  • Edited 4:16pm Oct 18, 2019 3:48pm | Edited 4:16pm
Cant get to the tippy top before they shut us out... spread rape time.. Spread rape gonna steal my stop loss?
Will have to pay over the odds anf have only minutes to get in at the right price. Well there u go. closed with high 3 pips from my main target.
Sold at 11662 closed that long set ridiculous large sl to hopelessly? hopefully counter spread jacking at the top of the wave.
Founder of Sutherland Wave Principle
  • #96,631
  • Oct 18, 2019 4:16pm Oct 18, 2019 4:16pm
Quoting suthmo
It doesn't matter what they say, this wave is done and big correction will follow. News doesn't move markets it's voodoo cult of personality. The news is the historical re telling of past events. The cause was already present. I think I've found the definitive answer to explain this finally after ten years of head scratching. Everything Happens according to Law. Right now the law is ending diagonals can fall short of the trendline. closed longs and short at 1.11601. We'll hit 1175 I moved the triangle over again to next low and high... {image}
Im still a newbie and learning. I make every attempt to thoroughly read through comments. Especially those that provide merit. Thanks to you and everyone that educates on the forum. @mitibloch as well.
  • #96,632
  • Oct 18, 2019 4:21pm Oct 18, 2019 4:21pm
Next week is really going to be very interesting
The fragrance remains in the hands of those that gves the rose
  • #96,633
  • Oct 18, 2019 6:19pm Oct 18, 2019 6:19pm
Quoting wealthyqueen
{quote} Im still a newbie and learning. I make every attempt to thoroughly read through comments. Especially those that provide merit. Thanks to you and everyone that educates on the forum. @mitibloch as well.
Thank you, have a good weekend. Good luck with your learning.

There's been some really good posts this week, thanks to all, have a good rest. Have a great weekend Ata.
Founder of Sutherland Wave Principle
  • #96,634
  • Oct 18, 2019 10:52pm Oct 18, 2019 10:52pm
Big gap up on Monday, an exhaustion gap, and then down down down.
  • #96,635
  • Edited 2:47am Oct 19, 2019 2:35am | Edited 2:47am
Ata, I sincerely don't know what you have done to warrant such attacks on your person in the EURUSD thread. But I am happy you aren't bothered by it and just moderate this thread in a sensible way. Many people here have different ways of trading and just use this board as a place to share ideas and trades. Even if people do not like someone, the least they can do is move on and not keep attacking the person, who doesn't even bother.

I really hope these threads can be clean and people focus on trading instead of trivial matters.
  • #96,636
  • Oct 19, 2019 3:10am Oct 19, 2019 3:10am
Quoting Mitiblotch
Ata, I sincerely don't know what you have done to warrant such attacks on your person in the EURUSD thread. But I am happy you aren't bothered by it and just moderate this thread in a sensible way. Many people here have different ways of trading and just use this board as a place to share ideas and trades. Even if people do not like someone, the least they can do is move on and not keep attacking the person, who doesn't even bother. I really hope these threads can be clean and people focus on trading instead of trivial matters.

People just won’t get it.. What a joke, and what an obsession. Someone needs help real bad, I swear.

Sorry I know this is off topic, but I had to say it.
  • #96,637
  • Oct 19, 2019 3:21am Oct 19, 2019 3:21am
Quoting Mitiblotch
Ata, I sincerely don't know what you have done to warrant such attacks on your person in the EURUSD thread. But I am happy you aren't bothered by it and just moderate this thread in a sensible way. Many people here have different ways of trading and just use this board as a place to share ideas and trades. Even if people do not like someone, the least they can do is move on and not keep attacking the person, who doesn't even bother. I really hope these threads can be clean and people focus on trading instead of trivial matters.
Analogy wise: There will be always mosquitoes and roaches in this world and we simply have to find better ways not to attract them..

Stay Green
Focus only on what truly matters!
  • #96,638
  • Oct 19, 2019 4:12am Oct 19, 2019 4:12am
Daily Status Update

For my followers: I don't know about GAP or whatsoever. (Except when I go shopping). I trade what I see and I see that trend is temporarily bullish thanks to Brexit theater!

  1. I actually had spotted a potential Bearish 3 Drives pattern on Daily as shown on chart. The completion level was roughly 1.1115/20 area and I gave 10 more pips tolerance to it and mentioned that I will sell the sh*t out of 1.1130 but thanks to Brexit interference that idea has failed since last daily candle has closed way above it. Is well, not a big deal.
  2. Now we have 2 areas to watch:

    1. Will the previous H&S pre-neckline area already resist? 1.1190 to 1.1210 area!
    2. Or will bulls push a little further and bounce directly from original H&S neckline? 1.1250/1.1275?
    3. Maybe there will be no bounce at all BUT I leave that option out for now and focus on a spot where we might see a bounce!

  3. Then I also have my own Dashed BLUE TL touch area: 1.1270 to be exact (assuming bulls push price straight up) which then would also correlate with my 2nd option of original neckline retest.
  4. Overall I will let bulls run.. No shorting yet. First I MUST see a daily bearish candle!!! Then I will check if mentioned areas begin to reject. I also will keep moving my Dashed RED line with every new bull candle as my followers will understand why and keep buying dips. Time will tell.. No rush at all!

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-SR-Levels.png Size: 37 KB
Focus only on what truly matters!
  • #96,639
  • Oct 19, 2019 7:57am Oct 19, 2019 7:57am
In the longer term, I think this move is unjustified in that the EU economy is in shambles, and the UK being outside of the EU fundamentally has to result in a lower EUR value.

However short-term I think this move is fundamental, because it's about the removal of the constant risks and uncertainty surrounding brexit. Once that wears off, I think it will resume a long-term downwards trend.
  • #96,640
  • Oct 19, 2019 8:57am Oct 19, 2019 8:57am
Oeps.. See you on tuesday Big blow voor Johnson.
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