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EURUSD

  • #1,162,981
  • Feb 24, 2020 6:40am Feb 24, 2020 6:40am
SL on shorts at 1.08 42..........................
  • #1,162,982
  • Feb 24, 2020 8:05am Feb 24, 2020 8:05am
Quoting EvilEye
{quote} to stop out the traders going long who held their positions over the weekend. The gap would have clean jumped over their stops, causing them to lose more money. Now we are grinding down to get traders to short this. Nothing to do with economics. Everything to do with the order book, which retail traders cannot see.
Actually, we can see the order book, as Oanda provides access to such information. However, there are better options, such as FXSSI.
Learn from your mistakes and march on.
  • #1,162,983
  • Feb 24, 2020 8:38am Feb 24, 2020 8:38am
Quoting Robinhood1
{quote} Thought would go up without resting but its probably switched to snail mode
Did you see this post?

Take note of what I said about the green lines.

It seems people in here are not taking my contributions seriously.

Maybe I need one of those red diamonds to get respect.
Learn from your mistakes and march on.
  • #1,162,984
  • Feb 24, 2020 8:46am Feb 24, 2020 8:46am
Now= 1.08 38 ...... picture turns bullish imho........ Out of shorts and plan to long.....
  • #1,162,985
  • Feb 24, 2020 8:50am Feb 24, 2020 8:50am
Looks like we are going upstairs.

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Learn from your mistakes and march on.
  • #1,162,986
  • Feb 24, 2020 8:53am Feb 24, 2020 8:53am
Quoting shahab8b
EU {image}
EU, ABCD pattern, long trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-5H1 ABCD.png Size: 33 KB
Click to Enlarge Name: EURUSD-5H1 2242020.png Size: 43 KB
  • #1,162,987
  • Feb 24, 2020 9:01am Feb 24, 2020 9:01am
Don't forget to draw your yellow line. And if you don't know the significance of using DXY for technical analysis on EUR/USD, then you need to dig deeper.

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Learn from your mistakes and march on.
  • #1,162,988
  • Feb 24, 2020 9:40am Feb 24, 2020 9:40am
Quoting here2there
{quote} Did you see this post? Take note of what I said about the green lines. It seems people in here are not taking my contributions seriously. Maybe I need one of those red diamonds to get respect.
Closed my positions with some profit. Went short EC
POSTMASTER
  • #1,162,989
  • Feb 24, 2020 9:43am Feb 24, 2020 9:43am
Quoting here2there
{quote} Did you see this post? Take note of what I said about the green lines. It seems people in here are not taking my contributions seriously. Maybe I need one of those red diamonds to get respect.
Maybe You need to be General Captain too
POSTMASTER
  • #1,162,990
  • Feb 24, 2020 9:50am Feb 24, 2020 9:50am
Folks, let's not forget the strength of this bear market. Counter trend trading is risky.

We need to close above the red line and retest to be in the clear. For those who got in lower, well done.

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We have reached the Average Daily Range. I have closed out my position. That's not to say it can't go higher. It can. But for me, I have learned some hard lessons from counter trend trading. So I will wait patiently for confirmation to jump back in.

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Learn from your mistakes and march on.
  • #1,162,991
  • Feb 24, 2020 9:52am Feb 24, 2020 9:52am
Quoting Robinhood1
{quote} You need to be General Captain too
hahaha
Learn from your mistakes and march on.
  • #1,162,992
  • Feb 24, 2020 11:18am Feb 24, 2020 11:18am
targeting eurusd 1.0922 with usdx correction down, lets see
https://www.forexfactory.com/showthr...0#post12772250
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,162,993
  • Feb 24, 2020 11:42am Feb 24, 2020 11:42am
This upside move was good for day traders. Be careful on long term. Today is Monday...Kondays and Fridays are very unpredictable. Lets see what happens tomorrow.
  • #1,162,994
  • Feb 24, 2020 11:43am Feb 24, 2020 11:43am
Please just hit R61 today so I do not have to wait longer. Would love for it to hit before tomorrow.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,995
  • Feb 24, 2020 11:58am Feb 24, 2020 11:58am
Quoting OhComeOn
Please just hit R61 today so I do not have to wait longer. Would love for it to hit before tomorrow. {image}
Almost there, expecting a retrace from R61 to R38 easily, already well over the ADR today. It's a pivot strategy, not based on the indicators I usually use.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,996
  • Edited 4:48pm Feb 24, 2020 12:21pm | Edited 4:48pm
Quoting Techanalyst
This upside move was good for day traders. Be careful on long term. Today is Monday...Kondays and Fridays are very unpredictable. Lets see what happens tomorrow.
I agree that it is high risk at this point. Even if it goes up to the supply zone you mentioned in an earlier comment, I am expecting to see yet another retracement.

This system will likely come in handy for tomorrow.
Learn from your mistakes and march on.
  • #1,162,997
  • Feb 24, 2020 12:28pm Feb 24, 2020 12:28pm
Quoting OhComeOn
{quote} Almost there, expecting a retrace from R61 to R38 easily, already well over the ADR today. It's a pivot strategy, not based on the indicators I usually use.
I hope it works out for ya!
  • #1,162,998
  • Feb 24, 2020 12:32pm Feb 24, 2020 12:32pm
The Euro is showing a lot of strength today. I am anticipating it will at least touch the Average Weekly Range, which is about 42 pips away. I am also looking for a possible retracement. If this is a correction playing out, then I expect it to go higher, of course.

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Currency Strength Meter for Month, Week, and Day
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Click to Enlarge Name: Volume 19.png Size: 155 KB
Learn from your mistakes and march on.
  • #1,162,999
  • Feb 24, 2020 1:02pm Feb 24, 2020 1:02pm
EC turning south. If i am not wrong there is a 600 pip on its way. I asume EU also could be turning. important drop comming
POSTMASTER
  • #1,163,000
  • Feb 24, 2020 1:29pm Feb 24, 2020 1:29pm
Quoting Robinhood1
EC turning south. If i am not wrong there is a 600 pip on its way. I asume EU also could be turning. important drop comming
Well, I think we can expect things to get worse for the Euro as noted in the relevant COT report posted here.

The question that remains unanswered is will we actually see a correction first?
Learn from your mistakes and march on.
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