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  • #120,441
  • Nov 30, 2020 3:50pm Nov 30, 2020 3:50pm
Quoting BeeTogether
{quote} this pair is crazy today! At one point unstoppable on its way up. Then not that much later boom it drops like a lead balloon! Was hoping the retrace would start the push up towards 121 but can’t see that happening right now
It had a heavy supply zone at the base of the drop!
  • #120,442
  • Nov 30, 2020 4:27pm Nov 30, 2020 4:27pm
Quoting ChiForex
By breaking 1 1940, my attention goes to around 1.19, as the break needs wide space to retrace, some 40pips from break point seem quite reasonable.
A retrace toward 1.1890s seems imminent and 1.1940s resistance on daily.
While on monthly, 1.1840-10 good support for buy entries and resistance around 1.20
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #120,443
  • Nov 30, 2020 4:35pm Nov 30, 2020 4:35pm
Quoting BeeTogether
{quote} this pair is crazy today! At one point unstoppable on its way up. Then not that much later boom it drops like a lead balloon! Was hoping the retrace would start the push up towards 121 but can’t see that happening right now
Elsewhere on this forum guys that trade based on little more than round numbers were on the move and are evidently much self satisfied.

I on the other hand, make things far more complicated and I'd wager (except that I am not willing to prove it) I know way more than they do and missed that move because... I had too many considerations to take into account. You can call it analysis-paralysis when too much info makes you unable to get to a clear decision. Or I can conclude that when trading it is best not to use the brain.
Practitioner of the cryptic trading arts
  • #120,444
  • Nov 30, 2020 6:11pm Nov 30, 2020 6:11pm
Quoting BeeTogether
{quote} this pair is crazy today! At one point unstoppable on its way up. Then not that much later boom it drops like a lead balloon! Was hoping the retrace would start the push up towards 121 but can’t see that happening right now
My dear, if one is not careful, one could loose his mind. Bulls just seemed like they wanted to take out that supply on monthly yesterday. Right now, bears need to take out the low of yesterday in order to secure their stand... Otherwise, bulls can still push it up to 1.200xx and beyond
Risk comes from not knowing what to do
  • #120,445
  • Nov 30, 2020 6:38pm Nov 30, 2020 6:38pm
Quoting BeeTogether
{quote} this pair is crazy today! At one point unstoppable on its way up. Then not that much later boom it drops like a lead balloon! Was hoping the retrace would start the push up towards 121 but can’t see that happening right now
they just put HFTs and started bombing the price, until they terrified the buyers happy to go to 1.2 but if you don't have tools to see them, I can't teach you how..
you must also consider forex a ""war ""where someone wants you to go or maybe not
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  • #120,446
  • Nov 30, 2020 7:43pm Nov 30, 2020 7:43pm
Quoting spacca
{quote} they just put HFTs and started bombing the price, until they terrified the buyers happy to go to 1.2 but if you don't have tools to see them, I can't teach you how.. you must also consider forex a ""war ""where someone wants you to go or maybe not {image}

There was a critical supply zone on September 1 that hasn't been hit until now. Definitely not denying HFTs though.
  • #120,447
  • Nov 30, 2020 7:47pm Nov 30, 2020 7:47pm
Heck, why bother with charts & technical analysis. The EUR is a magical currency. No need to think anymore. Just stay long and eat candy every day, LOL.
  • #120,448
  • Nov 30, 2020 7:51pm Nov 30, 2020 7:51pm
[quote = bartholemew; 13289527]哎呀，为什么要麻烦图表和技术分析。欧元是一种神奇的货币。无需再考虑了。每天待久，每天吃糖果，大声笑。[/ quote]
Haha, the euro should rise for a long time
  • #120,449
  • Nov 30, 2020 9:00pm Nov 30, 2020 9:00pm
If bull grinding it up again i will lol
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Don't mind me.. i'm crazy
  • #120,450
  • Nov 30, 2020 10:26pm Nov 30, 2020 10:26pm
Regardless of current move to 1.1960 that was in the cards too(although the highest possible IMHO), I still see 1.1890s coming as said before..

In btw, it had been happening for sometime now that Sydney & Tokyo sessions are pumping the Euro!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #120,451
  • Nov 30, 2020 10:29pm Nov 30, 2020 10:29pm
can it be possibly a bear trap? 1960 has been the resistance so far and unless its breach I doubt there will be any bull run. Correct me if I'm wrong.
  • #120,452
  • Nov 30, 2020 11:26pm Nov 30, 2020 11:26pm
Hi Traders..

From here I still expect a ping pong session between 1.1970 and 1.1935 for a while.. Could be good for range trading and scalping..

*My personal bias is still bullish.. especially as long as 1.1935 supports it is likely that bull trend will continue..

Stay Green
Focus only on what truly matters!
  • #120,453
  • Dec 1, 2020 12:23am Dec 1, 2020 12:23am
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  • #120,454
  • Dec 1, 2020 12:50am Dec 1, 2020 12:50am
Ok, let's continue down today till 1,1800! DX wants to make a new high.
  • #120,455
  • Dec 1, 2020 1:03am Dec 1, 2020 1:03am
Quoting bigiivan
Ok, let's continue down today till 1,1800! DX wants to make a new high.
It is like sellers are trapped

they sold, asia bought
we need to see what londons will do
if they buy it is over for bears
Make money by doing the opposite of Giveachance aka loser
  • #120,456
  • Dec 1, 2020 1:04am Dec 1, 2020 1:04am
Placed a Buy Stop order @ 1.19640
SL 1.19357

Note: The chart pattern is Inverse head and shoulder.
Good things comes in pairs...
  • #120,457
  • Dec 1, 2020 1:13am Dec 1, 2020 1:13am
Quoting nessus94
{quote} It is like sellers are trapped they sold, asia bought we need to see what londons will do if they buy it is over for bears
"Patience is the key". Ok, let's wait to see!
  • #120,458
  • Dec 1, 2020 1:21am Dec 1, 2020 1:21am
Quoting Traderview
{image}
My thoughts exactly
Risk comes from not knowing what to do
  • #120,459
  • Dec 1, 2020 1:21am Dec 1, 2020 1:21am
Quoting bigiivan
{quote} "Patience is the key". Ok, let's wait to see!
So you will wait again for 1,2 ? Or more ?
Make money by doing the opposite of Giveachance aka loser
  • #120,460
  • Dec 1, 2020 1:22am Dec 1, 2020 1:22am
Sold now @1.19646
Sl 50 pips
Tp 1.18986
Risk comes from not knowing what to do
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