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  • #96,901
  • Oct 24, 2019 8:00am Oct 24, 2019 8:00am
further weaking, additional easing, inflation targets running short, same speech over and over again, but the economy is doing great. EUR always always up. What gives with this thing. I order dollar love immediately and get world of currencies back in line. Please no one answer with "Funding currency" Thank you
  • #96,902
  • Oct 24, 2019 8:11am Oct 24, 2019 8:11am
Quoting newbegger
Took a small short .1 lot during Asia session for swing trade. The pattern tells me there is some profit taking so I plan to ride it down. Loose stops above 1.1200 as I plan to add on a bounce if Brexit vote does not screw with this trade. {image}
While I was sleeping, added another .2 lots at the same place. Bulls have a push up then bears take it back down. No winner yet in the struggle here. I am staying with the bear right now.

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Ecclesiastes 1:9
  • #96,903
  • Oct 24, 2019 8:17am Oct 24, 2019 8:17am
Quoting DSilvers
further weaking, additional easing, inflation targets running short, same speech over and over again, but the economy is doing great. EUR always always up. What gives with this thing. I order dollar love immediately and get world of currencies back in line. Please no one answer with "Funding currency" Thank you
My answer is: It is simply technicals, especially the monthly!

If you look at chart below you can see that since January 2019 candles actually stepped to the right side of the RED descending trendline. Since then it is just gliding down hesitantly because there is not much bear pressure left.

Latest candles also can't even touch the RED TL anymore and shifted to overcome fib 61.8 area: 1.1200... and that's what EURO is trying to do right now: A monthly close back above 1.1200 (and above my wma-19 line).. And it is not an easy nut to crack while there is 6 days left of month ending. So stay put and get ready for some turmoil.

One more thing: Although I know anything can happen here I still insist in supporting bulls for some time. Especially as long as Daily candles stay above 1.1090..

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #96,904
  • Oct 24, 2019 8:19am Oct 24, 2019 8:19am
Attached Image
Attached Image
  • #96,905
  • Oct 24, 2019 8:20am Oct 24, 2019 8:20am
Quoting Mitiblotch
Work didn't let me see price movements today. I hope to get a good trade today.
I know how you feel bro hahahaha. I have to juggle part time work and studies and havn't really got the time to trade except every now and then when i get to check my phone. Let's hope we both get a good trade today and hopefully tmr as well hahaha.
  • #96,906
  • Oct 24, 2019 8:28am Oct 24, 2019 8:28am
From here M15 and H1 candles should actually be able to stay above 1.1130/35.. if not then danger for bulls!

Stay Green
Focus only on what truly matters!
  • #96,907
  • Oct 24, 2019 8:28am Oct 24, 2019 8:28am
Quoting Ata-Turkoglu
{quote} Read from left to right ---------------- DRAGhi -----------------> Read from right to left <------------ laGARDe ------------------- Both will keep "dragging" the EU.. She is the opposite of Draghi even coded in her name... Draghi was dragging EU down maybe she drags it up.. Stay Green
No maybe. She only goes to drag up the euro.

Good DRAG!!!
Don't believe me just watch!
  • #96,908
  • Oct 24, 2019 8:38am Oct 24, 2019 8:38am
Large moves and changes in long term trend rely on changes in underlying sentiment.

This move I believe has been driven by expectations of lagarde being more bullish and probably in a slightly smaller part brexit progress

I think the market is beginning to realise it has been too hasty on both. This is a purely fundamental perspective, I myself trade only on technicals.

My view is that there may be a very large move and change in sentiment, specifically after lagarde's first press conference. This is a maybe - but the potential is strong, simply because there is a clean slate so to say, and the possibility of an entirely new direction.
  • #96,909
  • Oct 24, 2019 8:44am Oct 24, 2019 8:44am
Attached Image
  • #96,910
  • Oct 24, 2019 8:52am Oct 24, 2019 8:52am
I am shorting now on R1 levels.
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Managing your lot size is the key
  • #96,911
  • Oct 24, 2019 8:56am Oct 24, 2019 8:56am
Could this be the day we see 1.09898
"Your Habits Will Determine Your Future"
  • #96,912
  • Oct 24, 2019 8:59am Oct 24, 2019 8:59am
I miss the 1000 pip hour news days. What year did that stop?
  • #96,913
  • Oct 24, 2019 8:59am Oct 24, 2019 8:59am
Quoting Ata-Turkoglu
{quote} My answer is: It is simply technicals, especially the monthly! If you look at chart below you can see that since January 2019 candles actually stepped to the right side of the RED descending trendline. Since then it is just gliding down hesitantly because there is not much bear pressure left. Latest candles also can't even touch the RED TL anymore and shifted to overcome fib 61.8 area: 1.1200... and that's what EURO is trying to do right now: A monthly close back above 1.1200 (and above my wma-19 line).. And it is not an easy nut to crack...
Thank you Ata for taking the time for charting an explanation. I have been a dollar bull and for many years and have fought the charts, I admit. The Euro has been especially frustrating with its slow trickles down and huge and immediate lifts upward in what I have for many years called very questionable. Still around and scalping everyday though. My pragmatic and zero sum nature makes understanding the forex and data releases very tricky as there seems to be many times opposite to my expected reactions. I often scratch my head, and am quite certain that making a run at the world series of poker would be infinitely easier for someone like me. I have managed to stay around because of my ability to manage my margin. Only Part of the game.... You have quite proven yourself in a selfless nature, extending a hand to others in helping them understand the price action and are right often, which is cool and I know a lot of members appreciate it. You have helped me see many times why the action makes sense on the charts. Thanks again for taking the time.
  • #96,914
  • Edited 9:13am Oct 24, 2019 9:03am | Edited 9:13am
looking for flat correction consolidation on 1090
1090 and sideways out through the weekend.
Nothing exciting...
Founder of Sutherland Wave Principle
  • #96,915
  • Oct 24, 2019 9:13am Oct 24, 2019 9:13am
Quoting DSilvers
{quote} Thank you Ata for taking the time for charting an explanation. I have been a dollar bull and for many years and have fought the charts, I admit. The Euro has been especially frustrating with its slow trickles down and huge and immediate lifts upward in what I have for many years called very questionable. Still around and scalping everyday though. My pragmatic and zero sum nature makes understanding the forex and data releases very tricky as there seems to be many times opposite to my expected reactions. I often scratch my head, and am quite...
Good to know the thread is helping.. We do our best to share our thoughts from every angle possible.. In the end it is all educated guessing.. Money management is really key.. Wishing you best of results buddy.. Peace

Stay Green
Focus only on what truly matters!
  • #96,916
  • Oct 24, 2019 9:19am Oct 24, 2019 9:19am
first target hit at 1.1121, next one at 1.1101, and then long from there
  • #96,917
  • Oct 24, 2019 9:23am Oct 24, 2019 9:23am
Quoting Ata-Turkoglu
{quote} Good to know the thread is helping.. We do our best to share our thoughts from every angle possible.. In the end it is all educated guessing.. Money management is really key.. Wishing you best of results buddy.. Peace Stay Green
this is the real deal! just to manage the money well!
  • #96,918
  • Oct 24, 2019 9:48am Oct 24, 2019 9:48am
Long here 1.1109. TP1: 1.1130 TP2: 1.1162. STOP:
Don't believe me just watch!
  • #96,919
  • Oct 24, 2019 9:59am Oct 24, 2019 9:59am
IMO wouldn't be taking a long here without a good setup first. You can begin looking for signs of a bottom for now, but not take a long yet.

(1h)
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  • #96,920
  • Oct 24, 2019 10:05am Oct 24, 2019 10:05am
Coming to 5pm time, close the daily range and go into the weekend sideways bounce from 1090
Founder of Sutherland Wave Principle
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