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EURUSD only

  • #102,601
  • Feb 24, 2020 10:42am Feb 24, 2020 10:42am
... https://www.forexfactory.com/showthr...7#post12767987
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  • #102,602
  • Feb 24, 2020 10:46am Feb 24, 2020 10:46am
Quoting newbegger
Covered long and back in on short side now at 1.0857 {image} I see people talking about swaps in forex. You can do much better lending in other markets than Forex as swap really does not even cover the spread and I think gives horrible risk/reward as you are putting principal at risk as well . Ignore swap (coin) and focus on the trade (paper). If you can't pay swap, trade in options or futures.
I'll stand by my previous post on this subject.

Now, which way is EUR / USD going and when?

I think 1.0950 in this week.
  • #102,603
  • Feb 24, 2020 10:48am Feb 24, 2020 10:48am
Quoting DSilvers
We break 1.0864 or so, we going higher quick
really suggest trading cautiously....here....tight stops loss and take profits.....

on the 31st.....news on the virus caused the euro and pound to spike....followed buy a sell off

not saying that's going to happen again but watch it closely
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  • #102,604
  • Feb 24, 2020 10:56am Feb 24, 2020 10:56am
Quoting Wavegarrick
{quote} Hi Guys, The march continues. All sell trades closed. Positive bullish signals on my system and I opened a second batch of buy trades. Have a great weekend. Cheers. {image}
Hi Guys,

Clash of the Titans. My descending trend line at 1.08546, can the big boy's take it back into the channel and more importantly above last weeks high at 1.08637 ish??. Crucial levels now and we have to play it as is. Nothing cast in stone.

All the best for the week.

Cheers.
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Trade to trade another day
  • #102,605
  • Feb 24, 2020 11:08am Feb 24, 2020 11:08am
23.6% retracement right now from the downtrend started on the 3rd. if I see significant action above 0856 Ill shot for 0900; watching out for a sell off pending us stock market. if us stocks start rallying again tomorrow (I doubt) Ill look to short euro back to gains from today during NY session....only time will tell
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  • #102,606
  • Feb 24, 2020 11:25am Feb 24, 2020 11:25am
Quoting mistaouting
23.6% retracement right now from the downtrend started on the 3rd. if I see significant action above 0856 Ill shot for 0900; watching out for a sell off pending us stock market. if us stocks start rallying again tomorrow (I doubt) Ill look to short euro back to gains from today during NY session....only time will tell
It's all about where do we want to sell. Is it from 38% or 50%.
Tomorrow if we see a bad data for euro and some sort of news on corona then we might see the pull back from 38 - 50, just we need to watch the SL.
Besides, this is also last week of the month.
  • #102,607
  • Feb 24, 2020 11:33am Feb 24, 2020 11:33am
Quoting Traderview
{quote} It's all about where do we want to sell. Is it from 38% or 50%. Tomorrow if we see a bad data for euro and some sort of news on corona then we might see the pull back from 38 - 50, just we need to watch the SL. Besides, this is also last week of the month.
why you wouldn't buy in an uptrend?
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  • #102,608
  • Feb 24, 2020 11:39am Feb 24, 2020 11:39am
Just another time of the day where sellers might get roasted for trying to pick tops.. Drop and roll boys drop and roll.. Let your buy orders run.. but.. just advice.. what do I know? right?

Stay Green
Focus only on what truly matters!
  • #102,609
  • Feb 24, 2020 11:43am Feb 24, 2020 11:43am
Quoting mistaouting
{quote} why you wouldn't buy in an uptrend?
why wouldn't i? I will man but still it's a bearish outlook to me.
  • #102,610
  • Feb 24, 2020 11:56am Feb 24, 2020 11:56am
Quoting Traderview
{quote} why wouldn't i? I will man but still it's a bearish outlook to me.
got it....it read to me as if you were only looking to sell.

I was buying last week and still bullish, with caution. would hate to be missing out these long positions as it seems we are headed for 0890....depending on price action there I may stay long.....I don't expect any rush back to 0820 in the next few days but who knows....
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  • #102,611
  • Feb 24, 2020 12:06pm Feb 24, 2020 12:06pm
H4 Status Update

For my followers: I rinse and repeat flipping the story.. This time buying dips to every new Dashed-RED TL which currently sits around 1.0841.. Nearest target would be 1.0902 area..

Stay Green
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Focus only on what truly matters!
  • #102,612
  • Feb 24, 2020 12:13pm Feb 24, 2020 12:13pm
Seems a new UPTREND
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  • #102,613
  • Feb 24, 2020 12:15pm Feb 24, 2020 12:15pm
Am Out, switched to buying dips, trendline broken and closed above it
Risk comes from not knowing what to do
  • #102,614
  • Feb 24, 2020 12:28pm Feb 24, 2020 12:28pm
I made this chart earlier. Simple and short. Price has broken up. I will buy dips until I see another 4hr close below 0830.
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  • #102,615
  • Feb 24, 2020 12:54pm Feb 24, 2020 12:54pm
Daily S/R Levels for Tuesday

I will not share this chart again so you better write these levels down because they will kick in tomorrow.

  1. As long as 1.0825 supports bulls will try to push higher towards 1.0880 first and if volatility and momentum allows even up to 1.0946..
  2. My plan is to keep buying dips or Dashed-RED TL touches based on H1 or H4..

I hope it helps..

Stay Green

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Focus only on what truly matters!
  • #102,616
  • Feb 24, 2020 1:49pm Feb 24, 2020 1:49pm
changing my buy order from 0840 30.....went down to quick
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  • #102,617
  • Feb 24, 2020 3:23pm Feb 24, 2020 3:23pm
Darn the bear party is over
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  • #102,618
  • Feb 24, 2020 3:45pm Feb 24, 2020 3:45pm
Quoting Hutch
Darn the bear party is over {image}
buy carefully....

In my opinion its more like a retracement on the daily there is no fundamental reason for the euro to change direction...Seems like some of the retracement today was due to US movement out of stocks into other investments

Its looking bullish but that movement is probably propped up by investors ready to jump back into the stocks once they feel this dip in stocks starts to bottom out...I wouldn't expect that to happen soon but I also would have expected this stock sell off to happen last week last week

that's how im thinking right now....often wrong
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  • #102,619
  • Feb 24, 2020 6:46pm Feb 24, 2020 6:46pm
On one hand, this is exactly as expected, on the other it's weird to see eu rallying during risk-off stock selloff.
  • #102,620
  • Feb 25, 2020 12:22am Feb 25, 2020 12:22am
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There is no perfect system
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