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  • #1,186,001
  • Oct 15, 2020 5:17pm Oct 15, 2020 5:17pm
,,,
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"No pain no gain"
  • #1,186,002
  • Oct 15, 2020 6:00pm Oct 15, 2020 6:00pm
Quoting JBRolim
,,, {image} {image} {image}
I wouldn't doubt it...but where is Resistance?
LOCK IN RE-ENTER
  • #1,186,003
  • Oct 15, 2020 6:20pm Oct 15, 2020 6:20pm
Quoting mistaouting
{quote} I wouldn't doubt it...but where is Resistance?

[/quote] but where is Resistance?
When the market shows weakness ...

https://www.forexfactory.com/thread/...6#post13112436
...

I may be wrong, but the market may go up twice as much as it fell.

- Market has to break 1.1740 !!
"No pain no gain"
  • #1,186,004
  • Oct 15, 2020 7:07pm Oct 15, 2020 7:07pm
Trading with Renko is easier to see the market.

According to the clean graph, the indicators adjust better.
However, for Renko's chart, there is no need for any indicator ... open the reverse brick, open the trade in favor of the trend and exit only after opening the reverse brick ... and enter again in favor of the trend.
I keep my Renko 20R charts plotted on the weekly chart, to avoid violations.

I see that if you catch the trend right away you can leave 100 pips of Tp quiet. I say for every reversal this is valid.
"No pain no gain"
  • #1,186,005
  • Oct 15, 2020 7:24pm Oct 15, 2020 7:24pm
Quoting JBRolim
{quote}
but where is Resistance? When the market shows weakness ... https://www.forexfactory.com/thread/...6#post13112436 ... I may be wrong, but the market may go up twice as much as it fell. - Market has to break 1.1740 !![/quote]
I see.
LOCK IN RE-ENTER
  • #1,186,006
  • Oct 15, 2020 11:32pm Oct 15, 2020 11:32pm
Hi All, long time no visit this thread. Good pips to everyone.

My own view of the EU
Drawn on the Daily is a rising line that starts from June. (Although I am not too confident of it, as there is not many touch points to validate this line).
EU has so far unable to sustain back above the large Head-Shoulders neckline (thereabouts at 1.1752), and now resting at a confluence of bottoms.
Shown on the 4hr TF is even a mini Head Shoulders to add to the stress.
EU has barely moved since Asia, and there are 18 more hours to go for a Daily candle to form.
Also, things are not that good in Europe in terms of BREXIT and COVID.
Hence I am proposing that EU will fall from here at least in the short term.

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  • #1,186,007
  • Oct 16, 2020 12:45am Oct 16, 2020 12:45am
Morning everybody,

So, yesterday markets have made attempt of rehabilitation after collapse on day earlier. The most successful attempt is done on GBP. Now it has best chances to finally complete existed bullish setup on daily chart and this is the reason why we still keep it on the table.
On daily chart trend still stands bullish and market has played back almost totally the previous drop:

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  • #1,186,008
  • Oct 16, 2020 1:28am Oct 16, 2020 1:28am
Shorted now at 1.17 01........... target open fttb ...
  • #1,186,009
  • Oct 16, 2020 1:39am Oct 16, 2020 1:39am
Quoting VuLe
{quote} anyone anyone?? Patient boys!!
cross W_S2 first

trump is getting ready for a flash stimulus just before election day
feel free to invite me to your forum, if you have any
  • #1,186,010
  • Oct 16, 2020 1:46am Oct 16, 2020 1:46am
Good morning. EU diddn't recover from yesterdays fall, today the trend is bearish again.

The target today is around 1684 and then 1642.

From the options side. I see a shift down in delta skewness on weeklies, which means that it may be a downtrend temporary, so I watch out for more clues at the bigger curve which seems that is consolidating around here these prices.

So the trend isn't a good trend now and there is risk for some downside. 1615 is the level of support I am looking at and when the price reaches it - if, I will have more clues about what is going to happen next, now I am neutral and may buy the lows for the upper range.
Looking for profitable short term trades ...|
  • #1,186,011
  • Oct 16, 2020 1:58am Oct 16, 2020 1:58am
friday insane movement will come out soon. my advise, stay from selling this pair
  • #1,186,012
  • Oct 16, 2020 2:15am Oct 16, 2020 2:15am
1.1710 now.......Quite unexpected .....
  • #1,186,013
  • Oct 16, 2020 2:17am Oct 16, 2020 2:17am
Quoting f.g
1.1710 now.......quite unexpected .....
this is why people trade h4 and above
feel free to invite me to your forum, if you have any
  • #1,186,014
  • Oct 16, 2020 3:57am Oct 16, 2020 3:57am
Shorted at 11711, SL just above the recent high. Still have a very bearish bias on this pair and that won't change until we see atleast 1.15, possibly lower.
  • #1,186,015
  • Oct 16, 2020 4:02am Oct 16, 2020 4:02am
So far 1.17 20............A move now to 1.16 95 is bearish for me ... My SL is at 1.17 27

  • #1,186,016
  • Oct 16, 2020 5:39am Oct 16, 2020 5:39am
i think i am done for the week. no complaints my week was decent. but now i cant pick a clear direction. will do this again next week. good luck to you all
  • #1,186,017
  • Oct 16, 2020 6:11am Oct 16, 2020 6:11am
Quoting F.g
So far 1.17 20............A move now to 1.16 95 is bearish for me ... My SL is at 1.17 27
Stoped , BUT I am on alert for reversal....
7:11 Est
  • #1,186,018
  • Oct 16, 2020 6:12am Oct 16, 2020 6:12am
In practice, this would mean tariffs being placed on many goods traded between the UK and the EU, alongside some quota restrictions and customs checks (Northern Ireland would be treated differently).
MA provides the market's current direction and strength.
  • #1,186,019
  • Oct 16, 2020 6:37am Oct 16, 2020 6:37am
Quoting F.g
So far 1.17 20............A move now to 1.16 95 is bearish for me ... My SL is at 1.17 27
Pending shorts 1.1777.
  • #1,186,020
  • Oct 16, 2020 6:42am Oct 16, 2020 6:42am
Quoting leashedmode
{quote} Attempted a small long @ 1.1690, SL below the lows and targeting 1.1720-1.1730.. will move SL to be if 1.1710 hits to see how this goes. Half of the short still running @ BE and plan to keep it that way, for now I think bears might push harder and take us to 1.160 or around.. maybe next week, and most probably after a pullback.. let's see, main position is still the rest of my short from 1.1760.

Closed my long here @ 1.1740, remaining short still running @ 1.1760 @ BE. Plan to keep it that way as long as it's not stopped out, I think if the bears are to continue being in control.. 1.1750-1.1760 should hold, maybe the bears kick in from here but IMO could jump another 10-20 pips to around 1.1750 and then we will see what's up. Have a good weekend everyone!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
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