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EURUSD

  • #1,179,381
  • Aug 19, 2020 9:15pm Aug 19, 2020 9:15pm
Quoting mistaouting
{quote} lol your reaching when u use 5m to call a bullish move don't count the bears out yet...next stop 1802 area....and possibly 1737 area why you rushing the bull, let him take his time
Everyone knows here I am a longer term trader. No I am not reaching to call a bullish move on anything. I am looking at the 5 min tf, looking at support level,, also it is in a range now, because of the Asian session. Small move down, than up, than range. But this will go up. On the longer term analysis on EURUSD, it is bullish. Monthly, weekly, daily all bullish. I just decided to take a buy on a 5 min tf just because I want to. That is how I use to trade before. The 1.1737 area was touched couple of times. It will not go there. This will continue up soon, definitely in London session and more up at NY open.
  • #1,179,382
  • Aug 19, 2020 9:19pm Aug 19, 2020 9:19pm
Quoting Techanalyst
{quote} Everyone knows here I am a longer term trader. No I am not reaching to call a bullish move on anything. I am looking at the 5 min tf, looking at support level,, also it is in a range now, because of the Asian session. Small move down, than up, than range. But this will go up. On the longer term analysis on EURUSD, it is bullish. Monthly, weekly, daily all bullish. I just decided to take a buy on a 5 min tf just because I want to. That is how I use to trade before.
Got it!

EDIT: also...do me a favor and stop buying
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  • #1,179,383
  • Aug 19, 2020 9:21pm Aug 19, 2020 9:21pm
Quoting Techanalyst
{quote} Everyone knows here I am a longer term trader. No I am not reaching to call a bullish move on anything. I am looking at the 5 min tf, looking at support level,, also it is in a range now, because of the Asian session. Small move down, than up, than range. But this will go up. On the longer term analysis on EURUSD, it is bullish. Monthly, weekly, daily all bullish. I just decided to take a buy on a 5 min tf just because I want to. That is how I use to trade before. The 1.1737 area was touched couple of times. It will not go there. This will...

Just want to ask at what level will daily turn into bearish ??
PaRaM
  • #1,179,384
  • Aug 19, 2020 9:24pm Aug 19, 2020 9:24pm
Good short
My TP : 1.1490
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  • #1,179,385
  • Aug 19, 2020 9:24pm Aug 19, 2020 9:24pm
Quoting pgidia
{quote} Just want to ask at what level will daily turn into bearish ??
Just sharing my thought even though you didn't ask me...IMO below 1800 and for sure below 1730
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  • #1,179,386
  • Aug 19, 2020 9:27pm Aug 19, 2020 9:27pm
Sl set 1.1870.. gn people. Will sleep and try to wake up 4hrs from now... lately Ive been starting to sleep less and less lol.. but its worth it.
Trade what you see, take what the market gives you.
  • #1,179,387
  • Aug 19, 2020 9:28pm Aug 19, 2020 9:28pm
Quoting VuLe
Sl set 1.1870.. gn people. Will sleep and try to wake up 4hrs from now... lately Ive been starting to sleep less and less lol.. but its worth it.
Good Night
See you at 1.16xx levels
PaRaM
  • #1,179,388
  • Aug 19, 2020 9:29pm Aug 19, 2020 9:29pm
Quoting pgidia
{quote} Just want to ask at what level will daily turn into bearish ??
EURUSD will be bullish all the way possibly to November just about time when USD election happens. This is a pullback. As it happens in every market. It can't just go straigh line up or down, obviously. This was a good move for day traders, scalpers to enter sell. Look how many times on a daily price came into demand zone around 1.1700 - 1.1780... about eight times. Now on a daily second demand zone, four times has touched already. It just won't break. The weekly demand zone is holding strong imbalance. The trend is bullish, EURUSD is bullish. Plus other economics factors, like USD being weak and economy is not good.

Follow the big money. Do not follow everyone. The 60% of forexfactory traders are short and holding. Not good. Once this clears, this will shoot up again a lot. Clearing out all the sellers on the way. EURUSD is bullish.
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  • #1,179,389
  • Aug 19, 2020 9:29pm Aug 19, 2020 9:29pm
Quoting VuLe
Sl set 1.1870.. gn people. Will sleep and try to wake up 4hrs from now... lately Ive been starting to sleep less and less lol.. but its worth it.
maybe that's the why your winning so much...money doesn't sleep why should you
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  • #1,179,390
  • Aug 19, 2020 9:30pm Aug 19, 2020 9:30pm
1730 for best luck, getem tiger
  • #1,179,391
  • Aug 19, 2020 9:49pm Aug 19, 2020 9:49pm
Quoting Techanalyst
{quote} EURUSD will be bullish all the way possibly to November just about time when USD election happens. This is a pullback. As it happens in every market. It can't just go straigh line up or down, obviously. This was a good move for day traders, scalpers to enter sell. Look how many times on a daily price came into demand zone around 1.1700 - 1.1780... about eight times. Now on a daily second demand zone, four times has touched already. It just won't break. The weekly demand zone is holding strong imbalance. The trend is bullish, EURUSD is bullish....

Thanks for the detailed explanation of your analysis

I am newbie and want to learn more and more.

Since as newbie i would have look at Chart and thought red close would be downtrend now but getting to learn how it really works.

Thanks once again for enlightenment
PaRaM
  • #1,179,392
  • Aug 19, 2020 9:52pm Aug 19, 2020 9:52pm
Quoting mistaouting
{quote} Just sharing my thought even though you didn't ask me...IMO below 1800 and for sure below 1730
that's daily
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  • #1,179,393
  • Aug 19, 2020 9:52pm Aug 19, 2020 9:52pm
Quoting pgidia
{quote} Thanks for the detailed explanation of your analysis I am newbie and want to learn more and more. Since as newbie i would have look at Chart and thought red close would be downtrend now but getting to learn how it really works. Thanks once again for enlightenment
Not a problem. We are here to help each other. Don't let some random candles trick you into something that is not. Like I said, this was a good move for day traders to sell, but longer term, nothing, not even a scratch. If you are new, my advice is to look at higher time frames. Avoid smaller time frames at all cost as you will burn. When you trade on higher time frames, you can still exit the same day, it is just much less pressure, better analysis and you can just walk away and go do anything you want. You don't want to sit at the computer for hours, it is not necessary. There is only certain times a day that market moves fast and gives you certain amount of pips.

Look at monthly, weekly, daily and 4 hour time frames.
  • #1,179,394
  • Aug 19, 2020 9:56pm Aug 19, 2020 9:56pm
Quoting PatienceFx
{quote} the JPY news caused USD strength, prompting EU decline plus FOMC today, s EUR news may set the direction and if FED stimulus comes then down we tumble {image}
I was trading short Euro so would have been a good trade. But the trading rules I had for this took me out. No problem as long as I don't break the rules.
Ecclesiastes 1:9
  • #1,179,395
  • Aug 19, 2020 10:19pm Aug 19, 2020 10:19pm
I now tp'd and back to bullish. Will not scalp asia and will let london take it higher before they handed it to ny.
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Only an idiot knows with certainty to where the market is going.
  • #1,179,396
  • Aug 19, 2020 10:21pm Aug 19, 2020 10:21pm
Quoting Techanalyst
{quote} Not a problem. We are here to help each other. Don't let some random candles trick you into something that is not. Like I said, this was a good move for day traders to sell, but longer term, nothing, not even a scratch. If you are new, my advice is to look at higher time frames. Avoid smaller time frames at all cost as you will burn. When you trade on higher time frames, you can still exit the same day, it is just much less pressure, better analysis and you can just walk away and go do anything you want. You don't want to sit at the computer...
See you up there....
Only an idiot knows with certainty to where the market is going.
  • #1,179,397
  • Aug 19, 2020 10:53pm Aug 19, 2020 10:53pm
Today PaitenceFx is not there to be seen
Sir where are you ??
Missing your charts today
PaRaM
  • #1,179,398
  • Aug 19, 2020 11:23pm Aug 19, 2020 11:23pm
Quoting pgidia
Today PaitenceFx is not there to be seen Sir where are you ?? Missing your charts today
I take time to wake up After frenzied market Movements
  • #1,179,399
  • Aug 19, 2020 11:32pm Aug 19, 2020 11:32pm
Buy that dip guys till the after mega
  • #1,179,400
  • Aug 20, 2020 12:24am Aug 20, 2020 12:24am
target 1734

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