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  • #99,481
  • Dec 20, 2019 8:03pm Dec 20, 2019 8:03pm
Quoting LCForex
The only thing that makes me to think in this move today is the triangle. Nothing more for now. {image} {image} {image}
Certainly it will bounce most likely on Monday. 1.1069 was achieved and that was the target all along. London might touch a bit lower by a few pips and drive it back up to 1.11xx again. From there they'll decide wether to continue up or slide back down.
  • #99,482
  • Dec 20, 2019 8:23pm Dec 20, 2019 8:23pm
Quoting prashfx
lots of useful information on EURUSD on this group. thanks everyone for this. my views on EURUSD -- longer term i attach some probability of it trying to do what it did back in 2017 which is trying to reverse the longer term down-trend. probability has gone up after the Oct19 bull engulfing monthly candle but 1st step would be to start giving closes > 1.12 which is not the case at the moment -- can change. shorter term, my weekly close interest points are 1.1105 and 1.1072. daily close interest points are 1.1079. last weekly gave close north of...
interesting moves last week on the eurusd --

it never gave weekly close > 1.1119 though dailies did close ~1.1150 (also near the 200d SMA). needless to say intraday spike to 1.12 was quite a misleading spike!

however on the south side, there is clear double bottom around 1.0980 area and strong daily close basis support ~1.1004.

overall it is easy to say that euro rejected 200d SMA and the trend down must continue but to me all this price action seems like a squeeze in a small region (effectively 1.10 - 1.1150 .. daily close basis .. just 150 pips) to ultimately give some sort of breakout in 2020. my hunch still remains the breakout will be to the upside (looking at Oct bull engulfing monthly and strong support around 1.0980 area), but that would require a weekly close north of 1.1120 leading to attack on 1.1170+ weekly close area (daily close bit misleading to weeklies more imp).

sentiment wise most traders are willing to short euro on rallies so if some news triggers a sharp rally north of 1.12+ then people can get short while the market can keep steam rolling higher. thats how breakout always happens. but all of this is too optimistic now. right now eur needs to hold 1.10 region first.

thanks.
  • #99,483
  • Dec 20, 2019 10:07pm Dec 20, 2019 10:07pm
Quoting Mitiblotch
{quote} Certainly it will bounce most likely on Monday. 1.1069 was achieved and that was the target all along. London might touch a bit lower by a few pips and drive it back up to 1.11xx again. From there they'll decide wether to continue up or slide back down.
yes, i think it will gown for a bit and test support area. Then decide if it will go up or down...

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TMT Scalping System (Best system on FF)
  • #99,484
  • Edited 7:24am Dec 21, 2019 1:09am | Edited 7:24am
Quoting Pollen
{quote} yes, i think it will gown for a bit and test support area. Then decide if it will go up or down... {image}
Ultimately 1.1028 is doable. However, I would love a scenario where 1.1100 is retested and price drops which I think might be the likely scenario to play out, Monday being Fed Repo day when dollar usually gets weak. If it retests 1.1100 (1.110x) and holds then we can sell it down to 1.1028. But I would be very cautious before selling again. That's a 200sma on the 4hr chart where price nicely bounced.

Looking again, if the chart is showing a bigger HS pattern, then God help bulls. That 1.110x will throw price all the way down to 1.1000 to take out all the stops.
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  • #99,485
  • Dec 21, 2019 3:21am Dec 21, 2019 3:21am
Weekly key resistance 1.11
Weekly
It fell below the 1.11 resistance and is now at 1.0753.
The hourly line is in a pullback and is expected to try again 1.11
Expected to try again {臆想】
Resistance is now 1.10700
Breakthrough resistance becomes support
Resistance 1.111
1.107
1.10398
1.10
  • #99,486
  • Dec 21, 2019 3:22am Dec 21, 2019 3:22am
[quote = Pollen; 12673124] {quote}是的，我认为它会穿上一点并测试支撑区域。然后决定它会上升还是下降... {image} [/ quote]
How effective is your indicator usage. I have used this indicator. But the effect is not good
  • #99,487
  • Dec 21, 2019 3:53am Dec 21, 2019 3:53am
Quoting QuantemPips
{quote} I'm one of those guys. Been short 10 lots since 10/16 from 1.1060. Not exhausting, boring as hell, HOWEVER, have picked up over $2k in swap. Now, it appears in the coming weeks about to make the cash register ring big time. Before we're done I'm seeing incremental steps to 1.0950. If not, I'll just keep swapping which, according to my math, works out to a 26% return on my committed capital which ain't bad. I will admit that it was a bit unnerving last week when we hit 1.1198 and I was drawn down $14k, but the daily declining channel we've...
that was i mean. so bored till make me exhausted, lol. but fortunately these swaps are sweet.
price has been wandered off since october, exactly when brexit drama escalated. then it tried to break 1.1 twice but failed.
and last week been a bit of horror when price spiked up when brexit parliament vote. but that was just a show. price won't stay up there.
now that the circus been over, i think price would go back under 1.1, just about time. hopefully next week, delivered by santa himself
"If you run, you'll only die tired." - Sniper's philosophy
  • #99,488
  • Dec 21, 2019 4:04am Dec 21, 2019 4:04am
USDX,

I SEE A BOUNCE OF THE 50% FIB AND A RETEST OF THE UPPER CHANNEL,
FOLLOWED BY A POSSIBLE BEARISH REVERSAL FOLKS.

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  • #99,489
  • Dec 21, 2019 4:08am Dec 21, 2019 4:08am
Going farther down towards 150-180 pips

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  • #99,490
  • Dec 21, 2019 4:36am Dec 21, 2019 4:36am
Friday is scary. Here we see 1.10750 is interested in D1. A failed strike near 1.12000 pulled down the price to 1.10750 and ended the week ~ D1 above this area. Therefore, it is likely that price will continue to attack week resistance areas. As long as price do not close below 1.10750. Friday is scary but next week the end of the year is even scarier.

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Keep the faith and keep going
  • #99,491
  • Dec 21, 2019 5:17am Dec 21, 2019 5:17am
i am now long, 1.10709

I believe in divergence.
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  • #99,492
  • Edited 7:57am Dec 21, 2019 5:53am | Edited 7:57am
I'm new in forex, but since August 1.12xx has been rejected. I think Euro will fall slowly before brexit. After it, it will fall strongly. IMO
  • #99,493
  • Dec 21, 2019 6:47am Dec 21, 2019 6:47am
Quoting MrBullBear
{quote} Price will tell you everything you need to know, you don't need anything else, all others are non sense.Took you 7 years of hard work to develop... You sound funny! Lol And your chart is good because it's after the fact. Everybody can do that.
Before INSULTING others, check the last post on the page 4964 - MRBULLshitBEAR.
  • #99,494
  • Dec 21, 2019 6:52am Dec 21, 2019 6:52am
A lot of entertaining posts to read... Some opinions or views seems to have a rubber band attached to it ; )─ But that is okay, as you only have two directions to choose from anyway.

Have a nice weekend and the upcoming holidays!
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #99,495
  • Dec 21, 2019 7:18am Dec 21, 2019 7:18am
Quoting kingfx19
{quote} Nothing is unlikely in fx. What if I tell you we may likely have a gap above 1.1100 by Sunday market open? hmmmm! Let's see how it goes.
I would tell you that gaps nearly always fill and that my overall strategy of staying short and picking up swaps is sound until we reach or approach the bottom of the daily descending channel I described earlier at which time I'll take my substantial profits.

IMHO that makes a lot more sense than chasing Flying Goatsheads, Inverted Turtles and Ultrasonic Waves with an undercapitalized account hoping to somehow magically and consistently time the market and strike it rich. (I've tried it).

I do admit my approach is not very entertaining, but that's not why we're here, is it?
  • #99,496
  • Dec 21, 2019 7:36am Dec 21, 2019 7:36am
Quoting QuantemPips
{quote} I would tell you that gaps nearly always fill and that my overall strategy of staying short and picking up swaps is sound until we reach or approach the bottom of the daily descending channel I described earlier at which time I'll take my substantial profits. IMHO that makes a lot more sense than chasing Flying Goatsheads, Inverted Turtles and Ultrasonic Waves with an undercapitalized account hoping to somehow magically and consistently time the market and strike it rich. (I've tried it). I do admit my approach is not very entertaining,...
Some people can actually consistently time the market. As for undercapitalized account I do not think that should be a problem if people size their trades according to their accounts. I have traded less than $100, $100 and over $10k accounts. The key is to size trades accordingly. There are people who consistently flip 10$ to 100 and then to $1000. It is all doable if greed and impatience are removed from a trader's personality.

Overcapitalised accounts can also be blown. Consistently. Lol... However, I like the way you held to your long-term trade with good money management. If I may ask, at what point would you have closed your trade? What would have happened to tell you to close the trade (or hedge for those who do)?

I have a swap free and a swap-enabled account for different purposes. Earning swaps can be sweet.
  • #99,497
  • Dec 21, 2019 8:59am Dec 21, 2019 8:59am
Quoting Mitiblotch
{quote} Some people can actually consistently time the market. As for undercapitalized account I do not think that should be a problem if people size their trades according to their accounts. I have traded less than $100, $100 and over $10k accounts. The key is to size trades accordingly. There are people who consistently flip 10$ to 100 and then to $1000. It is all doable if greed and impatience are removed from a trader's personality. Overcapitalised accounts can also be blown. Consistently. Lol... However, I like the way you held to your long-term...
I've had my TP at 1.0955 for the duration (approaching bottom of descending channel). Was sorely tempted at 1.0988 a month ago to manually TP (and in retrospect obviously should have), but reasoned that I should stick with my plan though to conclusion and, if the worst happened (which it did), I would still be picking up my swaps on the 10 lots.

Now, IMO, we appear to be headed back into that area with rests at 1.1050, 1.1030, 1.1000. Might take another month.
  • #99,498
  • Dec 21, 2019 2:22pm Dec 21, 2019 2:22pm
EURUSD @ interesting level, might hold!
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  • #99,499
  • Dec 21, 2019 3:21pm Dec 21, 2019 3:21pm
Quoting Fx757
{quote} Before INSULTING others, check the last post on the page 4964 - MRBULLshitBEAR.
Not that I am fond of MrBullBear's tone but technically he actually didn't insult you.. He just shared his "opinion" and said that he thinks you sound funny with a lol in the end to imply gentle critic. Imho you are acting sensitive and aggressive by calling him with a dirty name. That is very immature. For success in life, in any business and in trading the first skill one must master is to have "thick skin" and "diplomacy". I suggest you and everyone who reads this should always work on that.

In general, if you still feel annoyed with any member's post here on FF simply click on the name of that member and open his page. Click the "ignore" button that is located on top and silence all his/her future messages. Ignoring a person is a peaceful and drama-free option. Please make use of it! Thanks

Stay Green
Focus only on what truly matters!
  • #99,500
  • Dec 21, 2019 3:34pm Dec 21, 2019 3:34pm
Quoting Ata-Turkoglu
{quote} Not that I am fond of MrBullBear's tone but technically he actually didn't insult you.. He just shared his "opinion" and said that he thinks you sound funny with a lol in the end to imply gentle critic. Imho you are acting sensitive and aggressive by calling him with a dirty name. That is very immature. For success in life, in any business and in trading the first skill one must master is to have "thick skin" and "diplomacy". I suggest you and everyone who reads this should always work on that. In general, if you still feel annoyed with...
I actually didn't hit him straight. Just trying to prevent him for his real purpose... he is trying to lure desperate traders to his system. He is here to catch fish. Not to share or learn.
Only an idiot knows with certainty to where the market is going.
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