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  • #100,821
  • Jan 16, 2020 12:41pm Jan 16, 2020 12:41pm
Quoting Ata-Turkoglu
{quote} I hope it gets interesting.. But looking at euro zone numbers, I still would say meh.. Nothing impressive at all.. Euro countries still can't export their goods easily with an over-valued Euro.. I don't know how this week will end up.. Time will tell.. Stay Green
A country's economy takes a long time to react, for example the euro is already 2 years just falling ... and as this price is manipulated, they are able to break this triangle to fill the gap, even though it is unnecessary, because when the move real start, will not return . will rise a few years...
maybe big traders are already buying.. what is a 3,000 or 4.000 points if it fill the gap risk for something that will be worth more than that?
  • #100,822
  • Jan 16, 2020 12:45pm Jan 16, 2020 12:45pm
Quoting Wavegarrick
Well technically speaking Eu is still up. Let's hope Christine can pull a super Mario on us. If we all believed in the doom of the Euro I am sure we would all be rich and sell EurUsd into infinity, well I don't think it is gonna happen soon Cheers.
lol..wish u the best

my friend euro area industrial orders still lagging , and I guess ECB members wont say or do anything, anytime soon which could rise the value of Euro..

Happy Trading
Trades technical moves enforced by fundamentals
  • #100,823
  • Jan 16, 2020 12:48pm Jan 16, 2020 12:48pm
if we have a close in the month near the triangle, the candle of the other month will start out of it ... so maybe only in March or April goes up..
  • #100,824
  • Jan 16, 2020 12:55pm Jan 16, 2020 12:55pm
Secondary Wave Structure
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  • #100,825
  • Jan 16, 2020 1:11pm Jan 16, 2020 1:11pm
the euro/usd was the first currency I traded, I saw doing that one move V in 2018 ... I bought it at 0.01 hahaha I will never forget it was my first deal.
Then I found out that I love to buy..
it's so cool to follow the price behavior until today.
  • #100,826
  • Jan 16, 2020 1:15pm Jan 16, 2020 1:15pm
W pattern spotted on the 15minutes. Just bought again at 1.1135 on my swap-less account. Wait till the day ends to buy on my other account which has swap enabled. Please these are short term scalps. Looking to short the bounce tomorrow (depending on how price moves)
  • #100,827
  • Jan 16, 2020 1:19pm Jan 16, 2020 1:19pm
Quoting Marcieny
{quote} A country's economy takes a long time to react, for example the euro is already 2 years just falling ... and as this price is manipulated, they are able to break this triangle to fill the gap, even though it is unnecessary, because when the move real start, will not return . will rise a few years... maybe big traders are already buying.. what is a 3,000 or 4.000 points if it fill the gap risk for something that will be worth more than that?
This pair has been falling since 2008. Until something is done about the interest rate differential it may continue for a while. Holding buys for long is really very costly.
  • #100,828
  • Jan 16, 2020 1:38pm Jan 16, 2020 1:38pm
Quoting Mitiblotch
{quote} This pair has been falling since 2008. Until something is done about the interest rate differential it may continue for a while. Holding buys for long is really very costly.
so that's why it took years to find support...

may be more expensive to sell on support haha
  • #100,829
  • Jan 16, 2020 2:06pm Jan 16, 2020 2:06pm
I hope you all had a good trading day. Please have a look at my newest chart. Three Drives Pattern EURUSD
Risk Management is of utmost importance!
  • #100,830
  • Edited 3:08pm Jan 16, 2020 2:51pm | Edited 3:08pm
I was shown this by digger, way back when my eyes were/got opened,

The symmetrical triangle and were it could possible end up at.

https://www.investopedia.com/article...ply-demand.asp

https://www.investopedia.com/terms/e/equilibrium.asp

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  • #100,831
  • Jan 16, 2020 3:44pm Jan 16, 2020 3:44pm
Quoting Mitiblotch
W pattern spotted on the 15minutes. Just bought again at 1.1135 on my swap-less account. Wait till the day ends to buy on my other account which has swap enabled. Please these are short term scalps. Looking to short the bounce tomorrow (depending on how price moves)
Nothing moving. Close again with 2 pips at 1.1137
  • #100,832
  • Jan 16, 2020 4:02pm Jan 16, 2020 4:02pm
Selling at 1.1130-35 (after midnight)
S/L 1.1143
Target 1.1045

If it falls right there on tomorrow then I'm marking 1.1123 as major resistance for next week.

I don't see any good buys right now
  • #100,833
  • Jan 16, 2020 6:19pm Jan 16, 2020 6:19pm
Quoting Marcieny
the euro/usd was the first currency I traded, I saw doing that one move V in 2018 ... I bought it at 0.01 hahaha I will never forget it was my first deal. Then I found out that I love to buy.. it's so cool to follow the price behavior until today.
I was new to trading like 2 months when EU hit 1.24579 to precise. 3:00am March 2018. I had no understanding of price action, trends etc. I placed 30 pip trade. Got out and thought that was great.
  • #100,834
  • Jan 16, 2020 7:09pm Jan 16, 2020 7:09pm
Quoting wealthyqueen
{quote} I was new to trading like 2 months when EU hit 1.24579 to precise. 3:00am March 2018. I had no understanding of price action, trends etc. I placed 30 pip trade. Got out and thought that was great.
hahaha great
  • #100,835
  • Jan 16, 2020 7:12pm Jan 16, 2020 7:12pm
Quoting Marcieny
{quote} hahaha great
If I knew then, what I know now...oh my!
  • #100,836
  • Jan 16, 2020 7:17pm Jan 16, 2020 7:17pm
Quoting wealthyqueen
{quote} If I knew then, what I know now...oh my!
I remember that from 1.13 up to 1.17... then only fell until today ..
me too if I knew as much back then as I know today. but it takes time to have experience.
  • #100,837
  • Edited 7:59pm Jan 16, 2020 7:18pm | Edited 7:59pm
I believe price has entered a positive trend after bouncing off fibonacci level 61.8% This is a hourly chart and I went long 2 hours ago.

Take profit just below daily pivot and stop loss at daily S1 level.
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Managing your lot size is the key
  • #100,838
  • Jan 16, 2020 7:28pm Jan 16, 2020 7:28pm
Quoting Marcieny
{quote} I remember that from 1.13 up to 1.17... then only fell until today .. me too if I knew as much back then as I know today. but it takes time to have experience.
It truly does, every pair has a distinct behavior. Or at least that is what Im learning, while simultaneously learning technicals. Best of high vibes to you.
  • #100,839
  • Jan 16, 2020 7:35pm Jan 16, 2020 7:35pm
Quoting wealthyqueen
{quote} It truly does, every pair has a distinct behavior. Or at least that is what Im learning, while simultaneously learning technicals. Best of high vibes to you.
Thanks for you too.
  • #100,840
  • Jan 16, 2020 8:26pm Jan 16, 2020 8:26pm
added some this morning around 200d sma @ 113x
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