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EURUSD only

  • #100,061
  • Jan 3, 2020 5:25am Jan 3, 2020 5:25am
Quoting Fx757
Target reached, trade closed. I like to start the new year with a beginners luck! {image} {image}

Very well done my friend.

  • #100,062
  • Jan 3, 2020 5:52am Jan 3, 2020 5:52am
I wish all the best to everyone here, in the new year 2020 and many years to come!!!!!
  • #100,063
  • Edited 6:29am Jan 3, 2020 5:54am | Edited 6:29am
Quoting Mitiblotch
... In summary, today's high should be the high that takes this down to at least 1.1120 in my books... {image}
This thread is called EUR USD only for a reason.

It would help for new traders to study this pair very well. Study its behaviour and characteristics. You may not take trades based on this alone but it will ring a bell when things are moving differently. That one-way rise last week broke lots of behavioural patterns I have noted down over time and it rang a warning bell. And when this pair moves like that it tends to retrace almost everything in the same manner.

Now bounce points at 1.118x, 1.117x, 1.115x, 1.114x all ignored on the way down. Just something to note and help us make proper trading decisions. Everything is not technical on this pair. Many times things go off and it misbehaves. Beyond fibs, pivots, candlesticks, it pays to study this pair and understand what it does and why.

Clue: Switch to the 15mins chart and study how this pair has behaved for years and watch what each session (Asia, London NY) has done per day and you will glean big secrets that you will NOT see anywhere. I hope we can all make big profits this year.

I don't know If I will open any new trades today or just watch the collapse or rise.
  • #100,064
  • Edited 6:24am Jan 3, 2020 6:04am | Edited 6:24am
Quoting Mitiblotch
This thread is called EUR USD only for a reason. It would help for new traders to study this pair very well. Study its behaviour and characteristics. You may not take trades based on this alone but it will ring a bell when things are moving differently. That one-way rise last week broke lots of behavioural patterns I have noted down over time and it rang a warning bell. And when this pair moves like that it tends to retrace almost everything in the same manner. Now bounce points at 1.118x, 1.117x, 1.115x, 1.114x all ignored on the way down. Just...

It looks to be retesting the 61.8 fibe at the moment,

If the fib level fails your 1.115 area looks very possible for the second chance at turning bearish my friend.



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  • #100,065
  • Jan 3, 2020 6:39am Jan 3, 2020 6:39am
Early this morning I woke up to the news that Trump had taken action against a number of Iran's senior men of power in Bagdad. I expected to see an immediate reaction - flight to safety i.e. Dollar, Gold and a spike in Oil but nothing happened.
Many hours later all of the above happened but I'm curious what your opinion is as to whether this is related to the geopolitical situation or just the market continuing its move from yesterday?
The Market can Remain Irrational Longer than You can Remain Liquid
  • #100,067
  • Jan 3, 2020 6:44am Jan 3, 2020 6:44am
Quoting Calculated Risk
Early this morning I woke up to the news that Trump had taken action against a number of Iran's senior men of power in Bagdad. I expected to see an immediate reaction - flight to safety i.e. Dollar, Gold and a spike in Oil but nothing happened. Many hours later all of the above happened but I'm curious what your opinion is as to whether this is related to the geopolitical situation or just the market continuing its move from yesterday?

I think that people have woken up at last, they have heard it all before and dont give a ,

Same crap over and over again.

  • #100,068
  • Jan 3, 2020 6:58am Jan 3, 2020 6:58am
The new cycle of this pair has begun ... and only manipulation to fill the gap..
I would not be surprised that in the future the euro will be one of the strongest currencies.
  • #100,069
  • Jan 3, 2020 7:00am Jan 3, 2020 7:00am
Quoting Dingoman-two
{quote} It looks to be retesting the 61.8 fibe at the moment, If the fib level fails your 1.115 area looks very possible for the second chance at turning bearish my friend. {image}



I have heard this somewhere but i cannot remember where, old age folks,
(not my fault )

When in the middle dont fiddle

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  • #100,070
  • Jan 3, 2020 7:00am Jan 3, 2020 7:00am
Quoting Mitiblotch
{quote} This thread is called EUR USD only for a reason. It would help for new traders to study this pair very well. Study its behaviour and characteristics. You may not take trades based on this alone but it will ring a bell when things are moving differently. That one-way rise last week broke lots of behavioural patterns I have noted down over time and it rang a warning bell. And when this pair moves like that it tends to retrace almost everything in the same manner. Now bounce points at 1.118x, 1.117x, 1.115x, 1.114x all ignored on the way down....

Hi Miti.

As i'm new in forex, about 5 months, i have a phrase for this:

" the only certainty that i have is that has not certaity"

  • #100,071
  • Jan 3, 2020 7:16am Jan 3, 2020 7:16am
Quoting Bsb-trader
{quote} Hi Miti. As i'm new in forex, about 5 months, i have a phrase for this: " the only certainty that i have is that has not certaity"
Indeed there is no certainty. Lol... All we have is high or low probability.
  • #100,072
  • Jan 3, 2020 7:28am Jan 3, 2020 7:28am
Quoting Maroc-Ismail
I took a small buy here @1,1132 sl: 15 pips. I have no confirmation, rather than that 1,1130 was my target to go long. For now this area acts supportive. Let’s see.. Closed: -4 Suicide lol
That was a great idea actually!
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  • #100,073
  • Jan 3, 2020 7:31am Jan 3, 2020 7:31am
Quoting Marcieny
The new cycle of this pair has begun ... and only manipulation to fill the gap.. I would not be surprised that in the future the euro will be one of the strongest currencies.
I believe you are correct. Price will be so low....prudent to buy low in await of the rise.
  • #100,074
  • Jan 3, 2020 7:35am Jan 3, 2020 7:35am
Quoting Mitiblotch
{quote} Indeed there is no certainty. Lol... All we have is high or low probability.
Like you said, 15 m chart helps a lot. Lose less with appropriate SL and size lots helps too.
  • #100,075
  • Edited 8:37am Jan 3, 2020 7:59am | Edited 8:37am
Quoting Mtinifx
{quote} That was a great idea actually! {image}
In the end I entered a small long anyway.

Edit: Closed +20 Small profit into the weekend.

I'm out! Have a nice day.
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  • #100,076
  • Jan 3, 2020 8:02am Jan 3, 2020 8:02am
Quoting Wavegarrick
Here's the thing with me. Price will be driven up and down in the next 3 days or so. There is never a steady direction. A lot of manipulation that will carry on in the next days or so. All I can say is stand your ground and let things fizzle out. It always happens. Choose your direction and stand fast. If you get taken out, accept it. Cheers. {image}
Hi Guys, we now have 2 days of shorts. I hang in at this point in time with my sell trades. My weekly sup 1 at 1.11041 kinda looks realistic right now.

A matter of time right now.

Trade safe
Cheers.
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Trade to trade another day
  • #100,077
  • Edited 8:52am Jan 3, 2020 8:39am | Edited 8:52am
Quoting Wavegarrick
{quote} Hi Guys, we now have 2 days of shorts. I hang in at this point in time with my sell trades. My weekly sup 1 at 1.11041 kinda looks realistic right now. A matter of time right now. Trade safe Cheers. {image}

Hi Mr Wavegarrick,

This one of those very rare occasions that i have to say that the down side may not be over just yet my friend,
great scalp for now.

Time will reveal all though.

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  • #100,078
  • Jan 3, 2020 8:52am Jan 3, 2020 8:52am
Quoting Dingoman-two
{quote} Hi Mr Wavegarrick, This one of those very rare occasions that i have to say that the down side may not be over just yet my friend, great scalp. Time will reveal all though. {image}
Hi Brian,

Thanks for your comment!. New year and new beginnings. We shall see how this pans out. I certainly am not going to call a direction just yet. It could go either way at this point for me. I would like it to go down because my trades support it.

Thanks buddy.

Cheers.
Trade to trade another day
  • #100,079
  • Jan 3, 2020 9:10am Jan 3, 2020 9:10am
Quoting Ata-Turkoglu
Revisit to Daily Wave Count I am not an Elliott Wave master.. therefore I would be really happy if anyone who is experienced in wave theory has an explanation for why the f*ing Wave 4 behaved like this.. Thanks in advance! *I wonder if this upside move was a C that is now complete.. Anyway, time will tell.. Stay Green {image}
You just answer your question in your chart. Because it is not wave 4.
Don't believe me just watch!
  • #100,080
  • Jan 3, 2020 9:10am Jan 3, 2020 9:10am
Quoting Wavegarrick
{quote} Hi Brian, Thanks for your comment!. New year and new beginnings. We shall see how this pans out. I certainly am not going to call a direction just yet. It could go either way at this point for me. I would like it to go down because my trades support it. Thanks buddy. Cheers.

All good my friend, that damned spike,

This thing is just waiting to be set free, it is ready to bolt the first chance it gets,

Well at least all of my fib levels have been tested now, so maybe more downside is here.

Loving the long wick.

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