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  • #1,174,861
  • Jul 10, 2020 12:22pm Jul 10, 2020 12:22pm
Quoting briancollins
{quote} The number one cause is people taking profit and closing their trade. Isn't this a nice setup for Scalper's?
It is the best in my opinion and is happening every day.

The last big level of profit taking was yesterday at 1.1370 where targets met on 0.382 fibonacci level of the 1.2550-1.06350 fall.
Looking for profitable short term trades ...|
  • #1,174,862
  • Jul 10, 2020 12:39pm Jul 10, 2020 12:39pm
Quoting briancollins
{quote} A 100 period SMA on 5m may be bullish it may be the opposite on Weekly timeframe. it narrows down to how individual reads there chart. Some wants to trade on a long term trends (daily, weekly, monthly) if it works for them, great! personally, I feel like the long-term trends days are behind us. Market momentum has changed and traders needs to be dynamic. We may be seeing "Bearish Ranging" or Bullish Ranging (Which we are on right now) For the moment, I will trade whatever the market gives me.
I agree! That is what I thought I was saying; surly what I was trying to say.....I couldn't have said it any clearer than how I said it. So your reiterating what I said

Different TFs can show different trends depending on when your starting point
LOCK IN RE-ENTER
  • #1,174,863
  • Jul 10, 2020 1:08pm Jul 10, 2020 1:08pm
Quoting Js3mwtRc
{quote} It is the best in my opinion and is happening every day. The last big level of profit taking was yesterday at 1.1370 where targets met on 0.382 fibonacci level of the 1.2550-1.06350 fall.
Am thinking of having a separate account with this strayegy on it.

When dre is an absolute Bullish Or bearish move in a day, Price tends to retract towards NY close.

15 - 30 pips.
  • #1,174,864
  • Jul 10, 2020 1:13pm Jul 10, 2020 1:13pm
Quoting Js3mwtRc
{quote} It is the best in my opinion and is happening every day. The last big level of profit taking was yesterday at 1.1370 where targets met on 0.382 fibonacci level of the 1.2550-1.06350 fall.
I saw that move too before it even happened.

I was bullish this week and I had made it a principle not 2 trade against my bias, unless there is a new development.
Else, I would've rode that house, the PA was too attractive 2 ignore.

Will definitely create anodr account 4 this, may even automate d process (EA).

M glad some1 else noticed this.
  • #1,174,865
  • Jul 10, 2020 3:57pm Jul 10, 2020 3:57pm
Indication that the bears may come on board next week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 98.png Size: 76 KB
As the lights go by so too do the shadows move
  • #1,174,866
  • Jul 11, 2020 10:58pm Jul 11, 2020 10:58pm
Wife told her husband every time you take profit I will give you a kiss if you make a loss I will give you a complete thrashing

The husband never lost money this is called motivation

Now I understand why my friend trades so brilliantly and why his bbq pit was broken
  • #1,174,867
  • Jul 12, 2020 5:44am Jul 12, 2020 5:44am
Quoting PatienceFx
Wife told her husband every time you take profit I will give you a kiss if you make a loss I will give you a complete thrashing The husband never lost money this is called motivation Now I understand why my friend trades so brilliantly and why his bbq pit was broken
Hahahahahaha. Thank you Mate for making me laugh. Cheers.
It is all about the foreign exchange market.
  • #1,174,868
  • Jul 12, 2020 11:34am Jul 12, 2020 11:34am
Quoting PatienceFx
Wife told her husband every time you take profit I will give you a kiss if you make a loss I will give you a complete thrashing The husband never lost money this is called motivation Now I understand why my friend trades so brilliantly and why his bbq pit was broken
That "thrashing" cost the wifey her car, slaming on the bbq pit. Lol well, she must sacrifice that to make it look like an accident. Haha
Only an idiot knows with certainty to where the market is going.
  • #1,174,869
  • Jul 12, 2020 1:08pm Jul 12, 2020 1:08pm
I look for sell 1.1313-1.1322 next week. will invalidate my bearish bias if price go 20 pip above that zone.
I also will sell below 1.1291.
Attached Image (click to enlarge)
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Dangdut is a music of my country
  • #1,174,870
  • Jul 12, 2020 2:05pm Jul 12, 2020 2:05pm
eu dropped 124 pips from recent weekly highs, either it covers this gap or it continues down, lets see

tue , wed , thur only action days this week
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 41 KB
  • #1,174,871
  • Jul 12, 2020 3:33pm Jul 12, 2020 3:33pm
Please consider taking a look at my Weekly Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
EUR/USD starts at 06:10.

I take a quick look at EUR/GBP as well at 19:35.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

Inserted Video
  • #1,174,872
  • Jul 12, 2020 3:35pm Jul 12, 2020 3:35pm
The EURUSD market is generally in equilibrium and we should await directional clarity in the early part of this week. Here's my technical perspective on it. Recent EURUSD price action on the daily time frame has formed a symmetrical triangle (magenta). Presently, it is consolidating near the apex of the triangle and we should prepare for a breakout on either side of the triangle. Disclaimer: I'm mainly a swing trader.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily_July 12, 2020.png Size: 51 KB
Do your homework, follow the footprints of smart money
  • #1,174,873
  • Jul 12, 2020 6:51pm Jul 12, 2020 6:51pm
Quoting KeenPips
The EURUSD market is generally in equilibrium and we should await directional clarity in the early part of this week. Here's my technical perspective on it. Recent EURUSD price action on the daily time frame has formed a symmetrical triangle (magenta). Presently, it is consolidating near the apex of the triangle and we should prepare for a breakout on either side of the triangle. Disclaimer: I'm mainly a swing trader. I may be wrong. Trade safe and prosper. KP {image}
Nice one! Thanks for the chart and the insight.
  • #1,174,874
  • Jul 12, 2020 8:38pm Jul 12, 2020 8:38pm
My 1320 target again achieved. Now let's see if it can reach bull magnet 1370.
Attached Image (click to enlarge)
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Only an idiot knows with certainty to where the market is going.
  • #1,174,875
  • Jul 12, 2020 8:45pm Jul 12, 2020 8:45pm
lots of traders still long on dollar time to short it
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  • #1,174,876
  • Jul 12, 2020 8:51pm Jul 12, 2020 8:51pm
did some longs on eur last week
Attached Image (click to enlarge)
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  • #1,174,877
  • Jul 12, 2020 11:39pm Jul 12, 2020 11:39pm
good morning folks

if there is a long out there, i am ready to wait for a better entry ; just came out of fever and my eyesight is not normal yet
Attached Image
  • #1,174,878
  • Jul 12, 2020 11:52pm Jul 12, 2020 11:52pm
Good day and week. Looks like EU is heading to 1.1345, support is around 1.1300-1290. I don't see anything supporting USD yet and all the other major pairs look strong.

Bull until this market shows signs of exhaustion and a break.

Have a great trading.
Looking for profitable short term trades ...|
  • #1,174,879
  • Jul 12, 2020 11:56pm Jul 12, 2020 11:56pm
Thanks mate for your encouraging comment.

Stay safe, trade safe.

KP

Quoting larrychew
{quote} Nice one! Thanks for the chart and the insight.
Do your homework, follow the footprints of smart money
  • #1,174,880
  • Jul 13, 2020 12:17am Jul 13, 2020 12:17am
target 1 : 1344
target 2 : 1370

i am more interested in 1370
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