Disliked{quote} That's what the image would suggest to me based on what happened with the last two daily exhaustions.Ignored
If sliding to 1.1550 .... Great!
- #112,863
- Jul 24, 2020 3:25pm Jul 24, 2020 3:25pm
- Joined Jun 2020 | Status: Trader | 1,175 Posts
{quote} That's what the image would suggest to me based on what happened with the last two daily exhaustions.
Another day, another dollar.
- #112,865
- Jul 24, 2020 3:40pm Jul 24, 2020 3:40pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Right here I dare to try a scalper sell again: Shorting 1.1637 SL: 1.1660 TP: Open Stay Green
Stay Green
Focus only on what truly matters!
- #112,868
- Jul 24, 2020 3:44pm Jul 24, 2020 3:44pm
{quote} It is almost a guarantee that stop will get hit or come between 20 -30 pips of getting hit before 1.25. Usually when EU makes a high it pulls back before continuing the trend if it wants to. Somehow I believe 1.1475 area can happen, even 1.1376 area. I wish you luck with that trade. Please I don't have any trades open on EU.
Like me, cuts losses quickly. But has more patience and lets his winn
- #112,869
- Jul 24, 2020 3:49pm Jul 24, 2020 3:49pm
- Joined Jun 2020 | Status: Trader | 1,175 Posts
{quote} I don‘t think that the first shorts on the line will be the successful ones.
Short ist Mord...
Another day, another dollar.
- #112,870
- Jul 24, 2020 3:49pm Jul 24, 2020 3:49pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
I think these are the moments where majority finally agrees with @louisfx's bullish bias which means: price will drop soon just kidding..
Stay Green
just kidding..Stay Green
Focus only on what truly matters!
- #112,871
- Jul 24, 2020 3:56pm Jul 24, 2020 3:56pm
- Joined Jun 2020 | Status: Trader | 1,175 Posts
I think these are the moments where majority finally agrees with @louisfx's bullish bias which means: price will drop soon
Another day, another dollar.
- #112,872
- Jul 24, 2020 3:59pm Jul 24, 2020 3:59pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
{quote}
der hatte einen Zahn.
Der Zahn, der tat ihm weh,
da sprang er in den See.
Der See war ihm zu kalt,
da ging er in den Wald.
Der Wald war ihm zu dicht,
da nahm er sich ein Licht.
Das Licht war ihm zu helle,
da ging er in die Hölle.
Die Hölle war zu heiß,
da ging der Mann aufs Eis.
Das Eis war ihm zu glatt,
da ging er in die Stadt.
Die Stadt war ihm zu enge,
da stieg er auf die Hänge.
Die Hänge war'n zu kalt,
da lief der Mann ins Tal.
Das Tal war ihm zu flach,
da stieg er auf ein Dach.
Das Dach war ihm zu schräg,
da plumpst er auf den Weg.
Der Weg war ihm zu lang,
da sucht er eine Bank.
Die Bank war morsch und faul,
da kauft er einen Gaul.
Der Gaul warf ihn im Trab
in einen Graben ab.
Der Graben roch zu sehr,
da ging der Mann ans Meer.
Das Meer war ihm zu blau,
da ging er auf die Au.
Die Au war ihm zu grün,
da ging er nach Berlin.
Berlin war voller Qualm,
da stieg er auf die Alm.
Die Alm war voller Ziegen,
da ist er abgestiegen.
Der Abstieg war ein Graus,
drum ging der Mann nach Haus.
Dort wurd er endlich schlau
und nahm sich eine Frau.
Nach einem Jahre schon
bekam er einen Sohn.
Zu Haus bei Frau und Kind
blieb er stets frohgesinnt.
Er änderte sich sehr
und nörgelt niemals mehr.
Pheew.. Folks, I am calling it a day and week.. Whatever happens can wait until Monday.. Enjoy your weekends.. Cheers 
Stay Green
Focus only on what truly matters!
- #112,875
- Jul 25, 2020 8:22am Jul 25, 2020 8:22am
- Joined Oct 2013 | Status: Trader | 1,079 Posts
{quote} New high at the close does not look like exhaustion to me
Exhaustion is one thing, but breaching the volatility bracket is entirely another.
But don't take my word, I'm biassed, holding some shorts, and was in 3.13% draw down at the close with 0.7 pips spread.
- #112,876
- Edited Jul 26, 2020 1:01am Jul 25, 2020 3:12pm | Edited Jul 26, 2020 1:01am
My Trading Plan for Monday 27.02.2020
Blue Line
I expect a short correction until the VAH of the previous day (Friday) at about 1.1620. This also is the 50% Fib-Retracement. At 13:30 GMT data from the USA will arrive. Since the economic data have been all negative last week and missed the forecasts, I expect also negative US data on Monday as well.
Therefore, at about this time of the data release I expect a continuation of the upward movement until about 1.1698/1.1700.
Blue dotted line
The short correction could also go to the POC of the previous day (Friday) at about 1.1612. This also is the 61.8% Fib-Retracement.
In this scenario I therefore assume that the upward movement will continue only until around 1.1689.
In my opinion, the upward trend should continue until the FED meeting on Wednesday. Since the economic data from the USA were all very negative in the last days and an end to the Corona crisis is not in sight, I assume that the FED will act more hawkish.
Blue Line
I expect a short correction until the VAH of the previous day (Friday) at about 1.1620. This also is the 50% Fib-Retracement. At 13:30 GMT data from the USA will arrive. Since the economic data have been all negative last week and missed the forecasts, I expect also negative US data on Monday as well.
Therefore, at about this time of the data release I expect a continuation of the upward movement until about 1.1698/1.1700.
Blue dotted line
The short correction could also go to the POC of the previous day (Friday) at about 1.1612. This also is the 61.8% Fib-Retracement.
In this scenario I therefore assume that the upward movement will continue only until around 1.1689.
In my opinion, the upward trend should continue until the FED meeting on Wednesday. Since the economic data from the USA were all very negative in the last days and an end to the Corona crisis is not in sight, I assume that the FED will act more hawkish.
- #112,879
- Jul 26, 2020 1:46am Jul 26, 2020 1:46am
- Joined Feb 2012 | Status: Trader | 1,229 Posts
{image}
Make it Green
