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Trading EURUSD only 43,756 replies

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  • #101,441
  • Jan 24, 2020 12:52pm Jan 24, 2020 12:52pm
Quoting physio
hi friends i am new in this forum and its really exiting ...well i have a question for expert traders ..i am holding my longs from (1.11400 and added few more ) as per my equity ... i just want to know how does brexit will effect on euro and gbp ? and should i hold my longs or close ? every opinion will be highly appreciate .
Friend - I don't want to be a dick and I also don't want to wonder off into a discussion of general trading strategies as per thread rules, but I truly wonder, WTF would have possessed you to go long at 1.1140 without (apparently) any stops?

Looking at the charts the last time we saw 1.1140 was 6 days ago. At that time, the charts were lackluster re: bullishness and the news certainly didn't support going long. I can see taking a limited shot, but NO stop in case you were wrong?!?

Please explain. I truly want to know. Sadly, IMO you're screwed now. Again, IMO, EUR/USD is taking a slow grind to 1.0950 and it's going to take it another two or three weeks to get there. Meanwhile, if you hold these longs (God, plural - longS - really?) you're going to be paying swap up the wazoo in addition to further trading losses.

My unsolicited advice is to pray for a spike and when you see one get out and take your losses. Then, develop a trading strategy that allows for the fact that you could be dead wrong on any given trade.
  • #101,442
  • Jan 24, 2020 1:01pm Jan 24, 2020 1:01pm
Quoting QuantemPips
{quote} Friend - I don't want to be a dick and I also don't want to wonder off into a discussion of general trading strategies as per thread rules, but I truly wonder, WTF would have possessed you to go long at 1.1140 without (apparently) any stops? Looking at the charts the last time we saw 1.1140 was 6 days ago. At that time, the charts were lackluster re: bullishness and the news certainly didn't support going long. I can see taking a limited shot, but NO stop in case you were wrong?!? Please explain. I truly want to know. Sadly, IMO you're screwed...
Actually I do have long positions opened at 1.11200 or something and it is OK. I really really do not think that we will go lower than 1.09950 and I think that starting Monday we will start to go up. I think that next friday we are going to be at 1.10900 or something so I will close them with a nice loss. But in the meantime I will do some short scalping and I think that by the moment I will be on zero.

Shit happens in life my friend ... so you got to deal with it.
  • #101,443
  • Jan 24, 2020 1:36pm Jan 24, 2020 1:36pm
Quoting QuantemPips
{quote} ...develop a trading strategy that allows for the fact that you could be dead wrong on any given trade...
Leaving out all the harshness and just texting the bold part would actually be enough.. Rule of thumb: The best lecture is the shortest one!

Stay Green
Focus only on what truly matters!
  • #101,444
  • Jan 24, 2020 1:41pm Jan 24, 2020 1:41pm
Quoting Maroc-Ismail
{quote} 1140 is a long way, pal.. The best is to force yourself to have an exit plan. As you can see, technically there is no reason to go long, unless you’re scalping. My advice is to wait for price to reach 1070/80 again and then close ........ Brexit deal are and what agreements both partier will reach. And to be honest, I don’t care. I just stick to the technicals. *I don’t know if this explanation about the brexit is allowed Ata...
No problem with Brexit talk since it is about the UK exiting the "EU", so it is related. But once (if ever) Brexit is done I don't want to hear anything about UK economics ever again lol..

Stay Green
Focus only on what truly matters!
  • #101,445
  • Jan 24, 2020 1:51pm Jan 24, 2020 1:51pm
On a side note:

I am noticing that some of our new members post a lot of "talk" but never provide valuable information or back their words with charts or additional explanations. Starting from next week I will keep watching and if I continue to see such behavior I have to cut them off from the thread. Nothing personal but we don't need noise.

Thanks.. I am completing my shift here and call it a day and a week.. Enjoy your weekends folks

Stay Green
Focus only on what truly matters!
  • #101,446
  • Jan 24, 2020 1:58pm Jan 24, 2020 1:58pm
Quoting Ata-Turkoglu
{quote} No problem with Brexit talk since it is about the UK exiting the "EU", so it is related. But once (if ever) Brexit is done I don't want to hear anything about UK economics ever again lol.. Stay Green
Don't worry Ata! After? After ... there won't be an UK economics ever again.
  • #101,447
  • Jan 24, 2020 4:16pm Jan 24, 2020 4:16pm
Quoting Compound
I created the zig zag manually. calculate from a "monthly" trend of 200-300 pips (take an average of 250 pips for an estimate). and I combined with b_Regression_Analysis_v2 {file} {image} {quote}
Impressive, keep up the good work bringing them green pips. Have a nice weekend all.
  • #101,448
  • Jan 24, 2020 4:58pm Jan 24, 2020 4:58pm
Quoting Dingoman-two
{quote} As we can see the last candle closed below the lower limits of the channel and the down trend could possibly be confirmed and in play, It has also found its way through the first demand area which now makes it invalid, and my eyes are now on the second demand area, Looking to the frank/london open for some strength in direction, I believe the bears will have it, but time will reveal all folks. {image}

As you can see the second demand area has been breached/touched,

I now believe that a bounce could be seen as early as monday and head back to retest the bearish side of the lower channel,

If this channel fails then there is a possibility that the highs around the 1.1170 area to 1.1200 could be reached some time next week,

If the channel holds then I believe that 1.0196 area is achievable around early february sometime.

Enjoy the weekend folks.

Attached Image (click to enlarge)
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  • #101,449
  • Jan 24, 2020 6:03pm Jan 24, 2020 6:03pm
Quoting Bsb-trader
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
That's what I think @ Physio
  • #101,450
  • Jan 24, 2020 10:19pm Jan 24, 2020 10:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: EU_D1_200125.png Size: 1.2 MB
  • #101,451
  • Jan 25, 2020 5:30am Jan 25, 2020 5:30am
Quoting Dingoman-two
{quote} As you can see the second demand area has been breached/touched, I now believe that a bounce could be seen as early as monday and head back to retest the bearish side of the lower channel, If this channel fails then there is a possibility that the highs around the 1.1170 area to 1.1200 could be reached some time next week, If the channel holds then I believe that 1.0196 area is achievable around early february sometime. Enjoy the weekend folks. {image}
I like your chart. I have the same opinion in regard to the bounce. I believe the bear rally will continue through the last days of the month.

Risk Management is of utmost importance!
  • #101,452
  • Jan 25, 2020 6:46am Jan 25, 2020 6:46am
Quoting RCtrader
{quote} I like your chart. I have the same opinion in regard to the bounce. I believe the bear rally will continue through the last days of the month.
I agree my friend, and it could go well beyond as well.

  • #101,453
  • Jan 25, 2020 7:21am Jan 25, 2020 7:21am
based on my own analysis, i think eurusd should rise in the next few weeks.
so I keep the long 1.10498
  • #101,454
  • Jan 25, 2020 7:38am Jan 25, 2020 7:38am
Quoting tiborf71
based on my own analysis, i think eurusd should rise in the next few weeks. so I keep the long 1.10498
this position is of prime importance.
I regrouped my financial situation because
  • #101,455
  • Jan 25, 2020 3:02pm Jan 25, 2020 3:02pm
Not enough in terms of price action to suggest that EU will go up. Looks like it may fall before going up.
Trading should not be difficult
  • #101,456
  • Jan 25, 2020 4:10pm Jan 25, 2020 4:10pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Patience is the key for success.
  • #101,457
  • Jan 26, 2020 3:46am Jan 26, 2020 3:46am
Good Morning!

See my newest chart on eurusd and please support me with your thumbs up and comments. 27-31 January 2020

Thanks,
Risk Management is of utmost importance!
  • #101,458
  • Jan 26, 2020 5:02am Jan 26, 2020 5:02am
S/R Levels for the New Week

  1. Bearish scenario: Bears have to break 1.10175 first. Most crucial level for bear continuation!
  2. Bullish scenario: If 1.10175 supports we might see attempts to retest 1.1103/23 area!
  3. Overall picture is bearish and we don't have any bullish signs yet! BUT again I have to emphasize the importance of 1.10175 this week. Intraday wise we must watch PA at this level carefully!

Please continue enjoying your Sunday folks.. We hopefully meet again after London opening.

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: NewWeeks-SR-Levels.png Size: 28 KB
Focus only on what truly matters!
  • #101,459
  • Jan 26, 2020 5:23am Jan 26, 2020 5:23am
my view stoch doing double bottom 8h chart now ,after it sudden rise- resistance 1.1100,if it cross it and stay at this level new bull trend will come
  • #101,460
  • Jan 26, 2020 1:05pm Jan 26, 2020 1:05pm
Quoting Ata-Turkoglu
S/R Levels for the New Week Bearish scenario: Bears have to break 1.10175 first. Most crucial level for bear continuation! Bullish scenario: If 1.10175 supports we might see attempts to retest 1.1103/23 area! Overall picture is bearish and we don't have any bullish signs yet! BUT again I have to emphasize the importance of 1.10175 this week. Intraday wise we must watch PA at this level carefully! Please continue enjoying your Sunday folks.. We hopefully meet again after London opening. Stay Green {image}

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