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  • #101,981
  • Feb 6, 2020 12:17pm Feb 6, 2020 12:17pm
Quoting smikester
{quote} We might re-test the November 2019 low of 1.0980, I think we already did, so good luck to those longs. Today we posted a 3+ month low and so good scalpers may want to try a retracement trade here. Personally, I would not risk it.
The Chonchy
  • #101,982
  • Feb 6, 2020 12:34pm Feb 6, 2020 12:34pm
Quoting chonchy
{quote}
Hey Chonchy! :-) How's it going? Great to see you...
Gone to a better place
  • #101,983
  • Feb 6, 2020 12:37pm Feb 6, 2020 12:37pm
Quoting n_aftab
hello, I am just wondering when it comes to deciding to go long, do you consider the ssi (retail positioning at all) which is showing 88% being long on eurusd? dailyfx say that it typically signals that the price will continue to drop. Not wanting argument just your opinions and if you look at other things instead?
Me personally NO! Because the indicators I allow myself to use at the same time are limited with 3 main elements: My angled trendlines, a few moving averages and MACD.. That's all I need.. Anything beyond these is often just noise.. Positions of other retail traders is noise.. Usage of more indicators is noise.. Financial news on TV is noise.. Only very important announcements like NFP, FED Interest Rate Decision etc. can sometimes taken into consideration since some of them create high volatility or reverse direction.. But everything I said is totally regarding to my own philosophy.. Everybody is free to use whatever works for them.. My two cents

Stay Green
Focus only on what truly matters!
  • #101,984
  • Feb 6, 2020 12:45pm Feb 6, 2020 12:45pm
Quoting Ata-Turkoglu
{quote} Me personally NO! Because the indicators I allow myself to use at the same time are limited with 3 main elements: My angled trendlines, a few moving averages and MACD.. That's all I need.. Anything beyond these is often just noise.. Positions of other retail traders is noise.. Usage of more indicators is noise.. Financial news on TV is noise.. Only very important announcements like NFP, FED Interest Rate Decision etc. can sometimes taken into consideration since some of them create high volatility or reverse direction.. But everything I...

I understand thank you!
  • #101,985
  • Feb 6, 2020 1:32pm Feb 6, 2020 1:32pm
Quoting Ata-Turkoglu
{quote} Lol is well brother.. just wanted to make sure everyone knows that I am long from 1.0968.. Especially robber banks.. Come hunt me Deutsche, JPMorgan, Bank of China etc. catch me if you can... All the best Stay Green
Ok, you win
I closed +5 pips
I think that the main target of this week is reached
  • #101,986
  • Feb 6, 2020 2:00pm Feb 6, 2020 2:00pm
Quoting JerryFisher
{quote} Ok, you win I closed +5 pips I think that the main target of this week is reached
Lol.. I didn't know we were in a contest.. The only way to win is making pips.. So, your +5 pips is a nice winner.. The rest doesn't matter

Stay Green
Focus only on what truly matters!
  • #101,987
  • Edited 3:01pm Feb 6, 2020 2:43pm | Edited 3:01pm
Quoting MrBullBear
{quote} It's not about the impeachment, it has no impact for it expected ever since. It is about China cutting US tariffs by 50%.

Your probably right Mr B, me, I am not a fundamentalist at heart, 95% T/A,

But there all pluses for the USA economy IMHO my friend.

And more bearish moves to come yet, as all can see.

Another demand area has been reached.

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And the usdx has more bull left in it yet. IMHO

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ADR has been reached again as well.

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  • #101,988
  • Feb 6, 2020 4:07pm Feb 6, 2020 4:07pm
Quoting Dingoman-two
{quote} Your probably right Mr B, me, I am not a fundamentalist at heart, 95% T/A, But there all pluses for the USA economy IMHO my friend. And more bearish moves to come yet, as all can see. Another demand area has been reached. {image} And the usdx has more bull left in it yet. IMHO {image} ADR has been reached again as well. {image}
Not a fundamentalist either. Like Digger1 always says, news is just a fuel that speeds up or delay the process.
Only an idiot knows with certainty to where the market is going.
  • #101,989
  • Feb 6, 2020 5:07pm Feb 6, 2020 5:07pm
Quoting Ata-Turkoglu
{quote} Well then I am proudly stupid Stay Green

"I dont think that's correct"
  • #101,990
  • Feb 7, 2020 12:58am Feb 7, 2020 12:58am
Good am all,

Hidden agenda around these perimeters.. Here's how we intend to solve it at the office today.

We keep our South trades and observe 1.09505 if that handle is broken, we keep our trade.
We terminate our South trade if the above number is retained.

thank you and enjoy your Friday
IG Handle @lunga.dlamini45
  • #101,991
  • Feb 7, 2020 12:59am Feb 7, 2020 12:59am
Quoting smikester
{quote} Hey Chonchy! :-) How's it going? Great to see you...
The Chonchy
  • #101,992
  • Feb 7, 2020 1:09am Feb 7, 2020 1:09am
Another support level... cant wait for NFP

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TMT Scalping System (Best system on FF)
  • #101,993
  • Feb 7, 2020 1:10am Feb 7, 2020 1:10am
EU still short next targets marked on chart.
The quarterly low is significant, not much between it and the 2016 low 1.03xx
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  • #101,994
  • Feb 7, 2020 1:20am Feb 7, 2020 1:20am
Quoting Austyno
Today, we should expect some correction to about 1.10120 area before the continuation of the drop to a target of 1.09466 area
Played out just as expected... My ultimate target today is 1.09353
Risk comes from not knowing what to do
  • #101,995
  • Feb 7, 2020 1:22am Feb 7, 2020 1:22am
Quoting Austyno
{quote} Played out just as expected... My ultimate target today is 1.09353
I have a buy limit here @ 1.09353 sl 30 pips to 1.105xx
Risk comes from not knowing what to do
  • #101,996
  • Edited 1:42am Feb 7, 2020 1:26am | Edited 1:42am
Today is likely bearish, if it breaks 1.09564, it probably will go to 1.09376

then there is the possibility of bouncing at least to OM on Friday, it could happen today or the next day.

I will reopen Long, if today at least move 42 pips from the highest candle today.

Edit:
Another scenario:
The price cannot break 1.09564, it will bounce upwards at 1.10118
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There is no perfect system
  • #101,997
  • Edited 2:54am Feb 7, 2020 2:11am | Edited 2:54am
Today I will only buy. (Still holding a sell from 1.1009 but SL at entry just in case.). First buy triggered at 0965. Will buy all the way down to 0900. I'll keep till next week. Just noticed the monthly trendline sitting at 0967. Don't try this at home. Remember WWE superstars are well-trained to carry out their stunts. Lol...
  • #101,998
  • Edited 3:12am Feb 7, 2020 2:38am | Edited 3:12am
Good morning...

Terrible EU data overall... Bulls are in trouble short term... feels like she wants to revisit 1.0880 but no shorting for me .. as I am not comfortable shorting EU below 1.10... could buy if we visit 1.088xx or above 1.10(Daily Close)...

I guess NFP is kinda already priced in... then again too Green NFP could give the bears upper hand...so trade safe my friends...plus it's Friday... market kinda goes one way street later on as NY session opens.

NB: The economical impact of China virus is still to be measured... all I can say it could do more damage to EU eco than US...

Happy Trading
Trades technical moves enforced by fundamentals
  • #101,999
  • Feb 7, 2020 2:44am Feb 7, 2020 2:44am
Quoting post
Good morning... Terrible EU data overall... Bulls are in trouble short term... feel like she wants to revisit 1.0880 but no shorting for me .. as I am not comfortable shorting EU below 1.10... could buy if we visit 1.088xx or above 1.10(Daily Close)... I guess NFP is kinda already priced in... then again too Green NFP could give the bears upper hand...so trade safe my friends...plus it's Friday... market kinda goes one way street later on the during day... Happy Trading
perfect analysis bro as usual. DXY is too high at the moment and i can see also Bearish Divergence at H4 on the other hand Bullish Divergence at EU at H4 and daily. but things are so bad for EU if NFP especially average Hourly Earnings as expected 0.3% and unemployment rate is 3.4% .EU could be sinking to 1.09000..
  • #102,000
  • Feb 7, 2020 2:53am Feb 7, 2020 2:53am
Quoting hans91
{quote} perfect analysis bro as usual. DXY is too high at the moment and i can see also Bearish Divergence at H4 on the other hand Bullish Divergence at EU at H4 and daily. but things are so bad for EU if NFP especially average Hourly Earnings as expected 0.3% and unemployment rate is 3.4% .EU could be sinking to 1.09000..
This is true. And if we get a higher hourly earnings reading, say 0.4%, then bulls are condemned today. I think 1.096 won't be easily broken till NFP. If we go up before NFP then I will book my buys and stand aside. And just hold only my sell with SL at entry.
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