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  • #1,162,341
  • Feb 11, 2020 12:13am Feb 11, 2020 12:13am
Quoting PatienceFx
since last week price is only doing one thing ........... dropping {image}
if i try to fib this wave
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 28 KB
  • #1,162,342
  • Feb 11, 2020 12:16am Feb 11, 2020 12:16am
nobody liked any of my post, i guess i should stop
  • #1,162,343
  • Feb 11, 2020 12:31am Feb 11, 2020 12:31am
plz don,t stop I am looking up to you plz
  • #1,162,344
  • Feb 11, 2020 12:49am Feb 11, 2020 12:49am
You may be lucky with a pop short here, but I think it will be shortlived
  • #1,162,345
  • Feb 11, 2020 12:50am Feb 11, 2020 12:50am
Quoting kingsleynwan
plz don,t stop I am looking up to you plz
learn how to read the price, do not depend on someone
  • #1,162,346
  • Feb 11, 2020 1:08am Feb 11, 2020 1:08am
Quoting EvilEye
You may be lucky with a pop short here, but I think it will be shortlived
and the price keeps making new lows ................
  • #1,162,347
  • Feb 11, 2020 1:35am Feb 11, 2020 1:35am
0905 is holding out since morning lol
Attached Image
  • #1,162,348
  • Feb 11, 2020 2:34am Feb 11, 2020 2:34am
Quoting EvilEye
You may be lucky with a pop short here, but I think it will be shortlived
Hmm. Just let me bookmark your post.
Gone to a better place
  • #1,162,349
  • Feb 11, 2020 2:41am Feb 11, 2020 2:41am
Quoting EvilEye
{quote} Really? You’re going to sell at the low of the day? Not even wait for a pullback?
Hey Evil, which sell stop order under the low of the day didn't make a profit in the chart below? Why won't it work today?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd200211h1.png Size: 45 KB
Gone to a better place
  • #1,162,350
  • Feb 11, 2020 2:57am Feb 11, 2020 2:57am
I believe that euro will not break 1.0850 before seeing 1.12 area

so I think its a good chance to buy now at 1.0910 with SL 1.0850
  • #1,162,351
  • Feb 11, 2020 3:02am Feb 11, 2020 3:02am
Quoting msniper
I believe that euro will not break 1.0850 before seeing 1.12 area so I think its a good chance to buy now at 1.0910 with SL 1.0850
Why? I'm not saying you are wrong to believe that. I'm asking you why?
Gone to a better place
  • #1,162,352
  • Feb 11, 2020 3:11am Feb 11, 2020 3:11am
Quoting smikester
{quote} Why? I'm not saying you are wrong to believe that. I'm asking you why?
in terms of Elliott waves as long the old bottom still holding then we should be heading up

in terms of harmonic u can see the chart there is a big possibility it will happen but of course it doesn't mean it will hit all the target but for sure 1st one at 1.12

the only bearish thing at the moment in euro its that the long short ratio is bad as many small traders are long in euro for 75% compared to short positions
Attached Image (click to enlarge)
Click to Enlarge Name: eurrr.jpg Size: 105 KB
  • #1,162,353
  • Feb 11, 2020 3:21am Feb 11, 2020 3:21am
quitting shorts for now
  • #1,162,354
  • Feb 11, 2020 3:38am Feb 11, 2020 3:38am
Quoting msniper
{quote} in terms of Elliott waves as long the old bottom still holding then we should be heading up in terms of harmonic u can see the chart there is a big possibility it will happen but of course it doesn't mean it will hit all the target but for sure 1st one at 1.12 the only bearish thing at the moment in euro its that the long short ratio is bad as many small traders are long in euro for 75% compared to short positions {image}
You must be a very good trader to work with that information. The interbank market is what moves the market and they use profit (which is why we get trends and spreads) and fundamentals like the recent very good NFP and ADP numbers. Then look at interest rates. Europe are thinking of going negative. The USA is in positive territory. So swaps on shorts are positive.

The only thing that will change this trend is a sudden reversal to clear shorts and in particular stops. After 6 straight days down that could happen at any moment. Most likely, though would be a (temporary) reversal at the weekly low of 0879.

Good trading and thanks for posting a chart.
Gone to a better place
  • #1,162,355
  • Feb 11, 2020 4:37am Feb 11, 2020 4:37am
Quoting smikester
{quote} Hey Evil, which sell stop order under the low of the day didn't make a profit in the chart below? Why won't it work today? {image}
each of those sell stops worked because of the place they were in the cycle.
My trading is based around understanding (or at least trying to) understand that cycle because it repeats. Unfortunately it’s often pretty hard to get a read on. It makes sense more often than not in hindsight.
  • #1,162,356
  • Feb 11, 2020 7:17am Feb 11, 2020 7:17am
Quoting OhComeOn
Entered short this morning 1.0950 and will TP at 1.0898 S61.
Closed at 1.0901, going to do some other things this morning. 49 pips since yesterday.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,357
  • Feb 11, 2020 7:35am Feb 11, 2020 7:35am
Quoting OhComeOn
{quote} I will wait on mine, thought about closing because ADR hit 100%, but going to wait since we are still headed down, S61-S78 is Support zone from the Daily chart. {image}
And we are in the zone. Lets see if it tags S78.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,358
  • Feb 11, 2020 8:01am Feb 11, 2020 8:01am
so testing the very low 1.0878 & waiting next journey for gap fill & further low targets having limit up 1.0992, another level for bottom test may to care 1.0941. take care

though it is not a matter of farce or trade still the daily infection may further come down for corona virus but another spike may next burst , world turmoils still possible & wish all settle down soon , this month! and also daily recoveries & death tolls!
Attached Image (click to enlarge)
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Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,162,359
  • Feb 11, 2020 8:13am Feb 11, 2020 8:13am
Great Low at 1.08 914.......LONG now with SL just below.

ComeON ..great trades. Congrats.
  • #1,162,360
  • Feb 11, 2020 11:27am Feb 11, 2020 11:27am
I have a short order at S38 and will look for TP @ S78 if indicators line up. After that will play the W as it rides up into the 1.10ish zone and after(based on indicators) be short again like crazy. Ahhhh Forex is fun, now I hope nothing messes up my plans(What could happen???HAHAHA). And yes of course I will be using a lower time frame to enter/exit/enter/exit etc during this period because I am not going to miss out on all the dips. Well off to do other things, looks like market is just about done for the day. Stay green everyone.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
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