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EURUSD

  • #1,185,941
  • Oct 14, 2020 12:53am Oct 14, 2020 12:53am
EU is bearish today after the huge drop in the ZEW sentiment and rising Covid-19 cases.

1760-80 are resistance levels and 1725 and 1700 are support levels.

I see it going down to test 1700 and then trying a pulback at the upper zone.

I still targeting for more downside, but have closed a good piece of profit.

Have a great day ahead.
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  • #1,185,942
  • Oct 14, 2020 1:08am Oct 14, 2020 1:08am
DX is going ot make a new high, EU - new low.
  • #1,185,943
  • Oct 14, 2020 2:54am Oct 14, 2020 2:54am
Quoting bigiivan
DX is going ot make a new high, EU - new low.
Well done bigivan, you are always accurate with your high low levels, how do you manage it?

Except from sentiment and contrarian startegy I can't think anything else.
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  • #1,185,944
  • Oct 14, 2020 3:06am Oct 14, 2020 3:06am
Quoting Js3mwtRc
{quote} Well done bigivan, you are always accurate with your high low levels, how do you manage it? Except from sentiment and contrarian startegy I can't think anything else.
A difficult question. I just see a chart, that's all. Helping me a Stochastic and BB.

* DX chart helping me a lot.
  • #1,185,945
  • Oct 14, 2020 4:37am Oct 14, 2020 4:37am
Quoting JBRolim
- News, https://www.kitco.com/news/2020-10-1...s-Goldman.html https://www.metalsmine.com/news/1033...r-says-goldman? Goldman is able to short sell the US dollar against the Mexican peso, the South African rand and the Indian rupee. It is also advisable to buy the euro, the Canadian dollar and the Australian dollar against the dollar. In another report, Goldman analyst Mikhail Sprogis highlighted silver as a purchase due to the precious metal being an “obvious...
Nice to know their sentiment... But I would think their horizon is different from most traders or and they can handle more risk or drawdown than most traders here
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  • #1,185,946
  • Oct 14, 2020 4:40am Oct 14, 2020 4:40am
Quoting Johani98
I’m seeing Euro as a but right now with indicators showing a bullish momentum. Anyone else in the same way?
Iam short al the way.
Target 1.15 and lower.
  • #1,185,947
  • Oct 14, 2020 4:45am Oct 14, 2020 4:45am
Quoting mistaouting
{quote} moving off the heels of us stimulus rejection? Expected a H&S with with price re tracing to 186X area but either way its good enough for me! Will watch price action at and if price makes it to S near 1720-1700 area! Good luck people!3 EDIT: price breaks 1620-1600 area look for more movement down without any market moving news
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  • #1,185,948
  • Oct 14, 2020 4:50am Oct 14, 2020 4:50am
Quoting Js3mwtRc
ZEW came very bad both for Germany and Euro area. I have a selling position waiting for 1720 to be hit, good luck to anyone selling.
Target achieved
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  • #1,185,949
  • Oct 14, 2020 4:51am Oct 14, 2020 4:51am
I would like to see us get to 1.17 today...which should be doable..not going to hold my breath
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 54 KB
Get the Lag out
  • #1,185,950
  • Oct 14, 2020 4:53am Oct 14, 2020 4:53am
Only closing 1/3 of position would normally do more but momentum and fundamentals convinced me otherwise
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  • #1,185,951
  • Oct 14, 2020 5:50am Oct 14, 2020 5:50am
Quoting Js3mwtRc
{quote} Target achieved
nice
what is next any idea?


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  • #1,185,952
  • Oct 14, 2020 5:54am Oct 14, 2020 5:54am
Entered 2 shorts @ 1.1736, SL just above the highs of the day.. targeting 1.170 and 1.160 for the second one atm.. Let's see.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,185,953
  • Oct 14, 2020 5:58am Oct 14, 2020 5:58am
The EURUSD price action is still tackling the 1.17300 S/R area (magenta) but a breakdown of the area on at least the 4H-closing basis, for intra-day trading, will likely see bears expose the 1.16160 horizontal support (light green).

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily_October 14, 2020.png Size: 34 KB
Do your homework, follow the footprints of smart money
  • #1,185,954
  • Oct 14, 2020 6:00am Oct 14, 2020 6:00am
Quoting mesobhai
{quote} nice what is next any idea? .tb_button {padding:1px;cursorointer;border-right: 1px solid #8b8b8b;border-left: 1px solid #FFF;border-bottom: 1px solid #fff;}.tb_button.hover {borer:2px outset #def; background-color: #f8f8f8 !important;}.ws_toolbar...
I will not trade anything yet on EU. First I will wait to see for more bad data and the technicals.

I may share here my trades and views, but I don't share signals.
Looking for profitable short term trades ...|
  • #1,185,955
  • Oct 14, 2020 6:23am Oct 14, 2020 6:23am
Quoting Js3mwtRc
{quote} I will not trade anything yet on EU. First I will wait to see for more bad data and the technicals. I may share here my trades and views, but I don't share signals.
i mean your views not any signal


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  • #1,185,956
  • Oct 14, 2020 6:50am Oct 14, 2020 6:50am
Quoting mesobhai
{quote} i mean your views not any signal .tb_button {padding:1px;cursorointer;border-right: 1px solid #8b8b8b;border-left: 1px solid #FFF;border-bottom: 1px solid #fff;}.tb_button.hover {borer:2px outset #def; background-color: #f8f8f8 !important;}.ws_toolbar {z-index:100000} .ws_toolbar .ws_tb_btn {cursor
EU is recovering for now, resistance is around 1760-80. My view is bearish below these numbers, anything above is consolidation which means, I sell higher, or I buy lower.

The same scenario for EU now, Covid-19 cases up and new lock-downs restrict any upside potential.
Looking for profitable short term trades ...|
  • #1,185,957
  • Oct 14, 2020 7:22am Oct 14, 2020 7:22am
Quoting leashedmode
Entered 2 shorts @ 1.1736, SL just above the highs of the day.. targeting 1.170 and 1.160 for the second one atm.. Let's see.

Still in but will get stopped out if 1.1765 is hit
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,185,958
  • Oct 14, 2020 7:26am Oct 14, 2020 7:26am
Quoting leashedmode
{quote} Still in but will get stopped out if 1.1765 is hit

If stopped out, I plan to go long to about 1.1785-1.1795 and try another short there.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,185,959
  • Oct 14, 2020 7:43am Oct 14, 2020 7:43am
Quoting leashedmode
{quote} If stopped out, I plan to go long to about 1.1785-1.1795 and try another short there.

Stopped - 30 pips, but not going long.. out for the day ! Setting a pending order to short @ 1.1775 with another 30 pips of SL, targeting 1.170.. maybe wrong with this one too, this month has been a turn off for me.

Edit: Pending order @ 1.1785**
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,185,960
  • Oct 14, 2020 8:27am Oct 14, 2020 8:27am
reserved....watching 1720
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