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  • #116,781
  • Oct 21, 2020 12:56pm Oct 21, 2020 12:56pm
[quote=10pipwaves;13224169]Who else is ready to go 1.19800 ? or maybe 1.1200 to be precise ? Check the 4HR and then look to your left. Remember i was saying 1.1850 was a target ? We just arrived, took a while lol! Fingers crossed

I agree with you ..., let's see in the market whether it will continue or correct the price until the decision on the final stimulus is clear. Lastly, stimulus news is almost impossible before the presidential election
  • #116,782
  • Oct 21, 2020 1:54pm Oct 21, 2020 1:54pm
Quoting Ata-Turkoglu
... I am noticing some macd divergence slowly and gradually building ...
I saw it too a few hours ago. It is at M30 and H1 with my settings. Also overbought zone on H1 and H4. I expect a fall. Maybe on thursday and friday. We will see!
  • #116,783
  • Oct 21, 2020 1:55pm Oct 21, 2020 1:55pm
Quoting Traderview
{quote} For bears DXY should cross on 4hrs above 92.78 with the target of 93.40. On EU 4hrs close below 1.1845 and continue down to 1.1824. Nothing is the certain right now until we see these prices breached. Lets see. {image}
Wondeful ... as always.
  • #116,784
  • Oct 21, 2020 2:06pm Oct 21, 2020 2:06pm
Quoting bigiivan
{quote} Wondeful ... as always.
Nice catch! If DXY don't bounce from here (92.59), then things will likely get real ugly for USD and EUR/USD could breakthrough 1.1930.

Stimulus talks doesn't seem to be going well either.

I expect USD to bounce and gain some strength here, be it from support or profit-taking. EUR/USD should cool off in this last two hours, short scalps possible. Just my thoughts.
I will tear the world apart for you.
  • #116,785
  • Oct 21, 2020 2:50pm Oct 21, 2020 2:50pm
Quoting Barnell
{quote} Nice catch! If DXY don't bounce from here (92.59), then things will likely get real ugly for USD and EUR/USD could breakthrough 1.1930. Stimulus talks doesn't seem to be going well either. I expect USD to bounce and gain some strength here, be it from support or profit-taking. EUR/USD should cool off in this last two hours, short scalps possible. Just my thoughts.
Btw if the stimulus talks fail this will rather support the USD and if the stimulus talks are successful the USD should fall, not sure if you meant it the other way around.
Another day, another dollar.
  • #116,786
  • Oct 21, 2020 2:55pm Oct 21, 2020 2:55pm
Quoting nic9man
{quote} Btw if the stimulus talks fail this will rather support the USD and if the stimulus talks are successful the USD should fall, not sure if you meant it the other way around.
Yes, if stimulus talks fail, the USD should strengthen. It seems fishy why no one seems to be buying USD on that front though-everyone seems to believe a deal will be done. It is painfully obvious that Pelosi and Trump really don't get along and Pelosi has been dodging the issue the whole time. I don't see a deal being reached anytime soon, but the market seems to believe otherwise.

Shrugs, guess I am wrong.
I will tear the world apart for you.
  • #116,787
  • Oct 21, 2020 3:16pm Oct 21, 2020 3:16pm
Low volume.. Based on M15 we arrived at support area: 1.1854.. Expecting a bounce..

Stay Green
Focus only on what truly matters!
  • #116,788
  • Oct 21, 2020 3:32pm Oct 21, 2020 3:32pm
Quoting Ata-Turkoglu
Low volume.. Based on M15 we arrived at support area: 1.1854.. Expecting a bounce.. Stay Green
But in my chart 1880 area is resistance (up going channel though) . ... Call it 1.1907

I say beware....

Also Brexit lies...
Beware of robber banks (RB), bad advisors.
  • #116,789
  • Oct 21, 2020 3:37pm Oct 21, 2020 3:37pm
Quoting Not-KPMG
{quote} But in my chart 1880 area is resistance (up going channel though) . ... Call it 1.1907 I say beware.... Also Brexit lies...
I am aware of nearby resistance.. But bulls are not done yet I believe.. I am guessing they want to touch at least 1.1900 after so much travel.. No rush.. Let bulls get exhausted and enjoy buying dips until then..

*I would pause buying dips if any H1 candle closes below 1.1854..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 24 KB
Focus only on what truly matters!
  • #116,790
  • Oct 21, 2020 3:41pm Oct 21, 2020 3:41pm
Quoting Barnell
Pelosi: I .. . Dear friends, I have heard of differing views of how a stimulus deal will affect USD. Some believe it will result in a weaker USD, others a stronger USD.

Would anyone care to share his/her views on how a possible deal or no deal will impact USD and hence our beloved EUR/USD? To my understanding, no deal should result in a stronger greenback, right?. . should be fine.
Yes.
Deal on printing Green paper trash is positive for $$.
Why.
Experience
They are near default so more paper IMAGINATIVELY delays the default.... USA I mean.

Invest your money in something super solid. .. but not dirty gold

And sell EU but be careful, I'm no prophet... 1.1906 say
Beware of robber banks (RB), bad advisors.
  • #116,791
  • Oct 21, 2020 3:44pm Oct 21, 2020 3:44pm
Quoting Ata-Turkoglu
{quote} I am aware of nearby resistance.. But bulls . .. Let bulls get exhausted and enjoy buying dips until then.. *I . .. Stay Green {image}

That's the spirit

Pun intended

Many pips!!!
Attached Image
Beware of robber banks (RB), bad advisors.
  • #116,792
  • Oct 21, 2020 4:00pm Oct 21, 2020 4:00pm
Quoting Not-KPMG
{quote} That's the spirit Pun intended Many pips!!! {image}
jeeeezzz.. you are still keeping that? Classic Not-KPMG art

Stay Green
Focus only on what truly matters!
  • #116,793
  • Oct 21, 2020 4:07pm Oct 21, 2020 4:07pm
Quoting Not-KPMG
Channel bottom here. 1.1700 Buy for 1730, 60 Beware
I apologize for rarely posting chart...
Too much work, crazy wide, stuff to do.... Just not time to chart... Or trade...

That's my channel ..
See it MAYBE reversing up here..... 1899...

If u Elliott fan - wave 5 shown
Attached Image (click to enlarge)
Click to Enlarge Name: _20201021 euro my Oct Nov.JPG Size: 185 KB
Beware of robber banks (RB), bad advisors.
  • #116,794
  • Oct 21, 2020 6:49pm Oct 21, 2020 6:49pm
Quoting mtako
{quote} Would have reacted differently if it (If it breaks 1818 in the next 12h and if tomorrow or the day after it pursues, it could mark the end of this long bearish consolidation and bulls can have their fun for another couple months.)had happened yesterday!

But we are here and my conditions are almost (if above 1850 tomorrow)met to make a first set of minor changes: Switching to allowing max 30% of bear positions (with the exceptions of scalps) 50% my countertrends strategies 50% range strategies. Taking 80% of my trend strats going bull....
Everything is still aligned. As long as it stays above 1840s, respecting the appropriate allocation to each strategy as stated above.

Ill be waiting for 1910 to switch to only directional trading and scalping. Around 1810 to scale down and lower new trend trades allowed.

Scalping down now.

Potential countertrend positions if 15 cdl breaks 48 and pursues below 42, as main condition.

Buying back above 58 with stops below 42 for a range +a trend trade.

Have a great thursday all of you !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #116,795
  • Oct 21, 2020 8:05pm Oct 21, 2020 8:05pm
Good morning and good luck...seems like we begin with a small down as expected...let's see if we make a move towards 1.1930 for a weekly high before going down for real. This could be just a pullback.
I will tear the world apart for you.
  • #116,796
  • Oct 21, 2020 9:27pm Oct 21, 2020 9:27pm
Quoting mtako
{quote} ....Potential countertrend positions if 15 cdl breaks 48 and pursues below 42, as main condition. Buying back above 58 with stops below 42 for a range +a trend trade. Have a great thursday all of you !

Little chance 1840 support will break now, but will take advantage if it does. The power is strong enough for the risk, but cannot permit to stay bear one second more if it stalls at this level. It would mean bear scalping is already done for the day !

Going for 1825 maximum, buying on pullback if there is enough momentum going through, 44, 56..depending on evolution of movement back up there till then, if there ever is one.

Will exit this short in small profit if 37 not broken in the next 10minutes.

Little chance 1840 support will break, but will take advantage if it does. The power is strong enough for the risk but cannot permit to stay bear one second if it stalls.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #116,797
  • Oct 21, 2020 11:22pm Oct 21, 2020 11:22pm
Support is at 1.1835... Bulls must wait for H1 candles to close back above 1.1844.. Risk is high to buy while below it..

Stay Green
Focus only on what truly matters!
  • #116,798
  • Oct 21, 2020 11:30pm Oct 21, 2020 11:30pm
Will it get to 1.18300 as S1 if it is broken through there is a potential decline to M200 (H4) at 1.17705. Seeing the US $ strengthening today, almost all currencies. If the show's unclear stimulus and the FBI's reaction to accusations of Russia and Iran meddling in election affairs in the USA give $ strength so there is a chance of a decline today. Let's see until the weekend
  • #116,799
  • Oct 22, 2020 12:13am Oct 22, 2020 12:13am
Risking a scalper buy here at 1.1845... Stops must go a little below 1.1822..

*H4 has the potential to print a morning star.. 1.18405 is nearest support on H4..

Stay Green
Focus only on what truly matters!
  • #116,800
  • Oct 22, 2020 12:55am Oct 22, 2020 12:55am
D1 potential H&S.

Potentially. Structure not confirmed.

Waiting on sidelines. Good day and better luck to all!
I will tear the world apart for you.
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