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  • #103,061
  • Mar 4, 2020 5:40am Mar 4, 2020 5:40am
Quoting Maroc-Ismail
{quote} That’s why news is bullshit. EU dropped when fed cut rates yesterday. Just follow price. We arrived at support and an important level. Some members already mentioned a small bounce. Just get your fingers ready to short again, but for the real move this time.
I have resistance down at 1.1106, so holding a short for that level.
  • #103,062
  • Mar 4, 2020 5:57am Mar 4, 2020 5:57am
About what I expected yesterday as I thought around 1.1220 was the top before consolidation. We got to 1.1212.
Attached Image (click to enlarge)
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I am thinking sideways for a few days as these big moves tend to exhaust the trade and the movers need to reset and restart for the next big thing, NFP.

Got long at 1.1131, looking to close about 30 pips away or EOD today, stop below 1.11, t/p above 1.1160
Ecclesiastes 1:9
  • #103,063
  • Mar 4, 2020 6:04am Mar 4, 2020 6:04am
Possible to hit the 23.6 (1084) fib on a retracement/pull back from the bull run plus I have the next stop down around 1074

But will still wait for the day close to confirm the end of this uptrend which will probably be case until next Thursday…
LOCK IN RE-ENTER
  • #103,064
  • Mar 4, 2020 6:58am Mar 4, 2020 6:58am
Quoting Wavegarrick
{quote} Hi Guys, What can I say? Eu looking extremely bullish. My open trades 2700 pips and running. My yearly pivot at 1.1224. A concise break above this area could send this pair into a bullish run. My long term descending trend line at 1.11623 ish also broken and a daily close above should be good for bulls. Today is tuesday and tomorrow could see another push up with reversal thursday, seeing some retrace. Nothing cast in stone and I play it as it is. Trade safe, Cheers. {image}
Hi Guys,

Subtle bearish hints for me, We have a lower high today from yesterdays close price. From what I can see is that today's price is gunning for a lower low from yesterdays price. Edit... has already done that from the time of typing. I have entered a test the water sell trade with a 35 pip s/loss. There are lots of obstacles to the downside, but will take my chances on this one. I do believe in a weekly retrace or correction which could very well lead to a reversal. Tomorrow is reversal Thursday for me. My future daily pivot currently sitting at 1.11285 ish and I will sell retraces up to this point. My weekly pivot at 1.09768 has been untested so far this week and I will use this as a reference point for take profit.

Nothing certain as yet and iffy at the mo. Anyway, will post my set up as soon as I get confirmation.
All the best,
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #103,065
  • Mar 4, 2020 7:01am Mar 4, 2020 7:01am
1.1114 is holding pretty good, and based on H1 we might have an uptrend towards 1.212 . In that case we should pay attention to the volume and look for sell opportunities.
Was a great day
Good luck to everyone
  • #103,066
  • Mar 4, 2020 7:20am Mar 4, 2020 7:20am
Ill keep shorting highs, probably range bond once it finds a range which seems like 1100 1180 until next week…
LOCK IN RE-ENTER
  • #103,067
  • Mar 4, 2020 8:14am Mar 4, 2020 8:14am
new pending sell @ 1.1155

Sl and tp both manual

Based on 4hr.

Market trying to move middle of the daily and might settle below 1.1115, since too many TP are kept below 1.1094, i think market is making the traders get out quickly and will make the downward move again.


Lets see
  • #103,068
  • Mar 4, 2020 11:28am Mar 4, 2020 11:28am
LONG TERM order open @ 1.11144
First TP set @1.15706,
Second TP set @1.17414
Third TP set @1.21659
SL @1.07807
I have this feeling in my gut. Might take a beating along the way, but a solid 3-4 months run is what I am looking at.
"Your Habits Will Determine Your Future"
  • #103,069
  • Mar 4, 2020 12:09pm Mar 4, 2020 12:09pm
Quoting Pinch969
LONG TERM order open @ 1.11144 First TP set @1.15706, Second TP set @1.17414 Third TP set @1.21659 SL @1.07807 I have this feeling in my gut. Might take a beating along the way, but a solid 3-4 months run is what I am looking at.
In these economic conditions? Why don't you just give me your money?
  • #103,070
  • Mar 4, 2020 12:22pm Mar 4, 2020 12:22pm
It's time again to look for sell opportunities. Just be aware of low vola. 1.1148 is key resistance based on M15..

Stay Green
Focus only on what truly matters!
  • #103,071
  • Mar 4, 2020 12:30pm Mar 4, 2020 12:30pm
Attached Image (click to enlarge)
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Patience is the key for success.
  • #103,072
  • Mar 4, 2020 12:47pm Mar 4, 2020 12:47pm
Quoting Ata-Turkoglu
It's time again to look for sell opportunities. Just be aware of low vola. 1.1148 is key resistance based on M15.. Stay Green
Ata how can we understand vola in market? Do you have any advise for me ? I have trouble with this
  • #103,073
  • Mar 4, 2020 2:28pm Mar 4, 2020 2:28pm
Quoting 917643
{quote} Ata how can we understand vola in market? Do you have any advise for me ? I have trouble with this
FF gave me problems.. sending screenshot..

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #103,074
  • Mar 4, 2020 2:53pm Mar 4, 2020 2:53pm
Quoting Ata-Turkoglu
{quote} FF gave me problems.. sending screenshot.. Stay Green {image}
Hey Ata, I'm a big fan and you obviously are very knowledgeable - but even the greats get the words crossed sometimes: and I think this is the case with your screenshot explanation on Vola.

I think you inadvertently substituted "Volatility" (Vola) for High Volume.

When the major markets are open with the big banks at full play, this accompanies High Volume trades and thus more predictability therefore less Volatility (Vola) i.e. less erratic, wide-ranging spikes and more of
smoother trendiness.

Or am I missing some basic understanding here.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #103,075
  • Mar 4, 2020 3:01pm Mar 4, 2020 3:01pm
Quoting Hezam
{image}{image}{image}{image}{image}
I like your analysis bro, very similar to my own

We have something of a reverse space invader pattern I suspect 1.117 - 1.118 before down, possibility of a higher spike maybe.

1h
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  • #103,076
  • Mar 4, 2020 3:13pm Mar 4, 2020 3:13pm
Quoting surgeon
{quote} Hey Ata, I'm a big fan and you obviously are very knowledgeable - but even the greats get the words crossed sometimes: and I think this is the case with your screenshot explanation on Vola. I think you inadvertently substituted "Volatility" (Vola) for High Volume. When the major markets are open with the big banks at full play, this accompanies High Volume trades and thus more predictability therefore less Volatility (Vola) i.e. less erratic, wide-ranging spikes and more of smoother trendiness. Or am I missing some basic understanding here....
I see your point and I respect. You are thinking of "terminology" for healthier communication. But here nobody is that much interested in correct terminology. In the end we often understand what is really meant. In this case what he seeks for is large but consistent changes in price where he can trade easier, safer and with less confusion. (as you stated he looks for high volume). He wants to avoid trading during fast price fluctuations, sudden spikes (high vola) or no movement at all (low vola low volume). So he is probably looking for a 100% solution to early detect that. But there is no direct solution. I just explained that all he can do is to be aware when it is best to trade and even that is not the ultimate solution.. We can only minimize potential damage that's all. But thanks for your corrective input. I appreciate.

Stay Green
Focus only on what truly matters!
  • #103,077
  • Mar 4, 2020 4:55pm Mar 4, 2020 4:55pm
Quoting Ata-Turkoglu
{quote} I see your point and I respect. You are thinking of "terminology" for healthier communication. But here nobody is that much interested in correct terminology. In the end we often understand what is really meant. In this case what he seeks for is large but consistent changes in price where he can trade easier, safer and with less confusion. (as you stated he looks for high volume). He wants to avoid trading during fast price fluctuations, sudden spikes (high vola) or no movement at all (low vola low volume). So he is probably looking for...
True indeed that terminologies many times overlap by definition - and so volatility will occur in both low volume conditions (too low to drive clear market directions) and high volume conditions (amidst news releases of high importance, for example).
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #103,078
  • Mar 4, 2020 10:44pm Mar 4, 2020 10:44pm
Reverse symmetrical triangle with a bullish crab nestled between the C, D and E boundary points, she's gonna fly up.
Founder of Sutherland Wave Principle
  • #103,079
  • Mar 5, 2020 12:08am Mar 5, 2020 12:08am
D-PP has held it down now with a move below the open, I'll look for continuation down if the PP holds up.
Initial target 1.1047
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2020-03-05a.PNG Size: 32 KB
  • #103,080
  • Mar 5, 2020 12:24am Mar 5, 2020 12:24am
For shorts, if this 4hr finishes below 1.1116, then it'll give more momentum.

lets see
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