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  • #1,162,761
  • Feb 18, 2020 1:52pm Feb 18, 2020 1:52pm
Quoting Bocephus
{quote} Guys like you and comments like that are exactly why I stopped helping people on here and yes you genious the answer is short!
This is the sad reality about abusive people and the damage their careless words cause others. I can relate to how you feel.
Learn from your mistakes and march on.
  • #1,162,762
  • Feb 18, 2020 2:37pm Feb 18, 2020 2:37pm
I feel so bad about euro as I heard some ex Goldman traders are selling like hell.
If that is true it will go much lower unfortunately.
  • #1,162,763
  • Feb 18, 2020 2:39pm Feb 18, 2020 2:39pm
Ok fast move down but the pullback was heavy. We must be nearing the end of short selling.
I am just in the sidelines waiting for the next swing.
  • #1,162,764
  • Feb 18, 2020 6:57pm Feb 18, 2020 6:57pm
Quoting here2there
{quote} If it goes up from here, there is a high probability it will make its way up somewhere between the 38.2 and 61.8 fib range (possibly higher), and then go back down from there to fill the gap. Of course, it's possible that gap might not get filled at all. There are no promises of such a scenario. Technical Analysis is about probabilities, not absolutes. {image}
I feel the tendency for the price mechanism to keep exchange rates even is being overlooked.
Count Of Antwerp
  • #1,162,765
  • Feb 18, 2020 6:59pm Feb 18, 2020 6:59pm
Quoting here2there
{quote} You may be right. We are long over due for a correction on this pair. I'm already in this trade and ready to add more to it. There is a chance we may hit the gap before it goes up, however. But it could go up before this and eventually make its way back down again to fill the gap. {image}
EUR/USD-Buy makes for a good background trade with take profit limits set around 1.5%+ nominal.
Count Of Antwerp
  • #1,162,766
  • Feb 18, 2020 7:03pm Feb 18, 2020 7:03pm
Quoting Techanalyst
{quote} What is the reason behind your analysis? Can you share charts and explain it why do you think it will go back up to 1.2 ? My analysis is EUR will go down to 0.99xx on a monthly chart. Possibly will see some pullbacks up, but it will drop down to 0.99xx. The blue box shows the institutional supply fresh zone. {image}
The enormity of the buying in that chart explains everything while interest rates in Euro are negative. How should the Euro be undervalued compared to USD? IT even has smaller nominal money supply.
Count Of Antwerp
  • #1,162,767
  • Feb 18, 2020 8:01pm Feb 18, 2020 8:01pm
Quoting countaccrue
{quote} The enormity of the buying in that chart explains everything while interest rates in Euro are negative. How should the Euro be undervalued compared to USD? IT even has smaller nominal money supply.
No buying explanation in that chart. Nothing but bearish, and reaching and breaking below institutional fresh demand zones over and over again.

The USA economy is fueled by abundant natural resources, a well-developed infrastructure, and high productivity. It has the seventh-highest total-estimated value of natural resources, valued at $45 trillion.

As of 2018, the largest economy in the world is China when measured by PPP. The EU is second and the United States is third. But America retains its No. 1 rank when measured by nominal GDP.

Western European country that is richer, apart from oil-rich Norway and a few tiny countries. ... Unfortunately for progressives, Europe is much poorer and less happy than Denmark. Indeed the US is roughly 40% to 50% richer than the EU on a PPP basis.

Just couple of reasons why US is ahead of Europe.

The US economy is growing at a faster pace than the EU Economy. However, the economic growth is half that of a decade ago (2008), and from that perspective, we are in a declining mode overall into 2020. Even at this pace, the US economy is holding up the world right now. The European Central Bank has been keeping the governments on life-support buying government bonds at artificially reduced rates of interest. So many people are deceived into thinking that Europe is stronger than the USA, but that is not the case. Europe is broke and not keeping the Europe economy up.

As the European Union officially became smaller, losing Britain as a member, new data showed that economic growth in the bloc came almost to a standstill and that it is in danger of slipping into recession.

Just couple of reasons.
  • #1,162,768
  • Feb 18, 2020 9:28pm Feb 18, 2020 9:28pm
Quoting countaccrue
{quote} I feel the tendency for the price mechanism to keep exchange rates even is being overlooked.
It is looking more and more like my bearish friends are right about expecting further decline on this pair.

The dollar keeps rising higher and higher with no sign of correcting in sight. This is very bad for the Euro. I should have known better than to go with the herd. It is usually best to move in the opposite direction of the majority. It just didn't make sense to me that the market, being extremely oversold, could keep going down without a correction.

Well, you live and you learn. Hopefully, I won't make this mistake again.
Learn from your mistakes and march on.
  • #1,162,769
  • Feb 18, 2020 9:32pm Feb 18, 2020 9:32pm
Quoting PatienceFx
{quote} h4 macd to price divergence forming, will wait till thursady then `short again from a higher high
quitting all shorts

h1 & h4 has a beautiful macd divergence

1.07937 to be a good support for this corrective wave

Q1 started at 1210 and price has dropped 400+ pips , a 150 pip correction may happen now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 30 KB
  • #1,162,770
  • Feb 18, 2020 9:46pm Feb 18, 2020 9:46pm
Quoting PatienceFx
{quote} quitting all shorts h1 & h4 has a beautiful macd divergence 1.07937 to be a good support for this corrective wave Q1 started at 1210 and price has dropped 400+ pips , a 150 pip correction may happen now {image}
drawing second TL to get an idea on extent of correction possible
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 32 KB
  • #1,162,771
  • Feb 18, 2020 9:50pm Feb 18, 2020 9:50pm
Quoting here2there
{quote} It is looking more and more like my bearish friends are right about expecting further decline on this pair. The dollar keeps rising higher and higher with no sign of correcting in sight. This is very bad for the Euro. I should have known better than to go with the herd. It is usually best to move in the opposite direction of the majority. It just didn't make sense to me that the market, being extremely oversold, could keep going down without a correction. Well, you live and you learn. Hopefully, I won't make this mistake again.
showtime begins, now you can say look i told you its a buy ................ rotflmao
  • #1,162,772
  • Feb 18, 2020 9:53pm Feb 18, 2020 9:53pm
Quoting PatienceFx
{quote} showtime begins, now you can say look i told you its a buy ................ rotflmao
but I am not buying this yet, its just a bearish macd divergence, unless I see bullish shoots I am on the fence
  • #1,162,773
  • Feb 18, 2020 9:57pm Feb 18, 2020 9:57pm
Quoting PatienceFx
{quote} but I am not buying this yet, its just a bearish macd divergence, unless I see bullish shoots I am on the fence
this is the trigger i was looking for to quit shorts
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 34 KB
  • #1,162,774
  • Feb 18, 2020 10:03pm Feb 18, 2020 10:03pm
macd used correctly has the potential to give brilliant trades

fighting with each other is bs
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 25 KB
  • #1,162,775
  • Feb 18, 2020 10:25pm Feb 18, 2020 10:25pm
Quoting Techanalyst
{quote} No buying explanation in that chart. Nothing but bearish, and reaching and breaking below institutional fresh demand zones over and over again. The USA economy is fueled by abundant natural resources, a well-developed infrastructure, and high productivity. It has the seventh-highest total-estimated value of natural resources, valued at $45 trillion. As of 2018, the largest economy in the world is China when measured by PPP. The EU is second and the United States is third. But America retains its No. 1 rank when measured by nominal GDP. Western...
if germany leaves EU

eurusd will drop to 0.05 lol
  • #1,162,776
  • Feb 18, 2020 10:30pm Feb 18, 2020 10:30pm
So a decision making areas arounds usdx and eurusd too, one more push possible in spikes, usdx test the great resistance 99.43 and eurusd 1.0730 if today possible or ready for correction having round top in usdx and may round bottom in eurusd too. Lets see
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,162,777
  • Feb 19, 2020 12:38am Feb 19, 2020 12:38am
probable big picture , the yearly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 33 KB
Click to Enlarge Name: EURUSDMonthly.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,162,778
  • Feb 19, 2020 1:29am Feb 19, 2020 1:29am
problem is i cannot go long here, even on h1 the trend is too bearish, but yes shorts are over for now
  • #1,162,779
  • Feb 19, 2020 2:00am Feb 19, 2020 2:00am
Up up and away we are go
Great Frankfort open candle for the bulls.
Right on the 200 hourly ema
yes yes yes
  • #1,162,780
  • Feb 19, 2020 2:28am Feb 19, 2020 2:28am
Open interest is less today, but EURUSD has long time to do this long record, so perhaps it will continue down, the only thing that makes me don't want to sell yet is FOMC, it may cause volatility that may turn against me. Wait and see here.
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