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  • #1,162,461
  • Edited 10:00am Feb 13, 2020 9:43am | Edited 10:00am
https://www.forexfactory.com/news/98...a#post12753577

Link from the FF news feed, I am trying to figure out how this applies to currency besides costing a lot with little return.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,462
  • Feb 13, 2020 11:32am Feb 13, 2020 11:32am
Today Gu went up ,gold went up today,but eur didnt react,where can be support-1.08 ?All i know eur is very oversold.Today no reverse of eur on daily-should be hammer.Not even on h1-no reverse.I looked 1 month chart eur likes simmetrical maybe this gap up-leg up-june 2016 eur close now.
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  • #1,162,463
  • Feb 13, 2020 2:10pm Feb 13, 2020 2:10pm
This run isn’t finished going down yet. Maybe next cycle will be an upcycle but clearly they want a good price to buy at first. So down we will go again.
Market makers going to run out of cash to distribute soon though.
  • #1,162,464
  • Feb 13, 2020 3:19pm Feb 13, 2020 3:19pm
GBPUSD bullish.
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  • #1,162,465
  • Feb 13, 2020 3:36pm Feb 13, 2020 3:36pm
Typically, when a pivot such as S100 gets hit and holds, it retraces to S78 or higher. Either way I am going to take my profit soon or close @ BE and stop going against the trend. The high risk just isn't worth it and I do not want to miss the next move down. This week I only stayed on EU, usually I trade multiple pairs and ALWAYS pick my sweet spots for entry and exit. Going back to low stress trading. LOL High Risk/Against Trend = Bad/Thumbs Down, way to much easy money out there to make with little effort going with the trend.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,466
  • Feb 13, 2020 3:44pm Feb 13, 2020 3:44pm
Quoting viktoriaxz
thank you i try your pivots ,i use channels to close positions,eur broke heavy daily channel for many pips. {image}
One good thing about weekly pivots, sometimes it can help you not enter long near the top or short near the bottom. There are multiple strategies that can be used with them and some very knowledgeable people on FF that have used them for years. I only use them for a specific reason and do not have my strategy built around them, but hope they give you some ideas.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,467
  • Feb 13, 2020 4:49pm Feb 13, 2020 4:49pm
Quoting Pollen
Support on the monthly charts {image}
That looks like a very interesting system you have there!
Learn from your mistakes and march on.
  • #1,162,468
  • Feb 13, 2020 5:15pm Feb 13, 2020 5:15pm
I think we may see another short around 0866
likely to happen in the US session because those traders have been left emptyhanded by the latest moves
  • #1,162,469
  • Feb 13, 2020 5:25pm Feb 13, 2020 5:25pm
Quoting EvilEye
I think we may see another short around 0866 likely to happen in the US session because those traders have been left emptyhanded by the latest moves
I think we are long overdue for a correction.
Learn from your mistakes and march on.
  • #1,162,470
  • Feb 13, 2020 5:29pm Feb 13, 2020 5:29pm
Quoting EvilEye
I think we may see another short around 0866 likely to happen in the US session because those traders have been left emptyhanded by the latest moves
I am guessing a retracement to at least 1.09262 before it continues to move down. It could go more, of course.
Learn from your mistakes and march on.
  • #1,162,471
  • Feb 13, 2020 6:08pm Feb 13, 2020 6:08pm
Quoting here2there
{quote} I am guessing a retracement to at least 1.09262 before it continues to move down. It could go more, of course.

"to at least 1.09262"

well

better
  • #1,162,472
  • Feb 13, 2020 6:09pm Feb 13, 2020 6:09pm
Quoting here2there
{quote} I am guessing a retracement to at least 1.09262 before it continues to move down. It could go more, of course.
1.08722..for safe..short term

my count long term EU reversal 1.09367

today last day before market closed....
  • #1,162,473
  • Feb 13, 2020 6:11pm Feb 13, 2020 6:11pm
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
Quoting here2there
{quote} I am guessing a retracement to at least 1.09262 before it continues to move down. It could go more, of course.
Im looking for 9155.... these bears need to hibernate for a week or two and let the bulls run a charge northward. Ugh!!

So many "see" a retracement -me inckuded- but dammed if it continues downward; a correction is emmimate, but damn, let's get going.
School of hard knocks
dmj120 Return This Year: na
  • #1,162,474
  • Feb 13, 2020 6:47pm Feb 13, 2020 6:47pm
Talvez uma possível correção ..
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"The freedom of the other extends mine to infinity"
  • #1,162,475
  • Feb 13, 2020 7:23pm Feb 13, 2020 7:23pm
We may get a correction, but maybe not until next week. Downside isn’t finished. Maybe we’ll get a head and shoulders here for the pullback but then I’ll just short it again
  • #1,162,476
  • Feb 13, 2020 7:26pm Feb 13, 2020 7:26pm
The EURUSD keeps falling in an orderly fashion, therefore the bearish trend in the short term may continue towards the 1.0800 level.
  • #1,162,477
  • Feb 13, 2020 8:09pm Feb 13, 2020 8:09pm
Quoting EvilEye
We may get a correction, but maybe not until next week. Downside isn’t finished. Maybe we’ll get a head and shoulders here for the pullback but then I’ll just short it again
you are very very evil, i closed beautiful shorts trusting your words lol
do not follow me 99.9999999% of times, rest you can lol
  • #1,162,478
  • Feb 13, 2020 8:43pm Feb 13, 2020 8:43pm
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do not follow me 99.9999999% of times, rest you can lol
  • #1,162,479
  • Feb 13, 2020 8:57pm Feb 13, 2020 8:57pm
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do not follow me 99.9999999% of times, rest you can lol
  • #1,162,480
  • Feb 13, 2020 9:35pm Feb 13, 2020 9:35pm
room to drop
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