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  • #142,001
  • Nov 11, 2021 3:09am Nov 11, 2021 3:09am
Quoting Forensic
Not intra-day view: Price is at centre of gravity from the high of 2018 and the low of 2020. This area has been key ss/ rr as far back as 2014. if ss becomes resistance, we may see price go retest 1.13 or lower.

ss becomes rr - Price is currently at a key area - 50% fib (1.1430 area and still around centre of gravity.) Could se 1.135 and i'll be happy if it goes to 1.12880 area where the initial move began in 2020 (end of intermediate bullish cycle. And then we'll see aan impulse up - begin new cycle.
  • #142,002
  • Nov 11, 2021 3:11am Nov 11, 2021 3:11am
Quoting Js3mwtRc
{quote} You came very close, congrats! 1300 is what I am thinking next too.
Maybe we get a retrace until 1.1550.

But the main trend is still down.

Sertainly when you see this.
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  • #142,003
  • Nov 11, 2021 3:12am Nov 11, 2021 3:12am
Quoting pipibrasci
I wait and see what happens by end of trading's session. Remember tomorrow's interesting events. Volatility imminent. Stay tuned. {image} {image} {image}
Before and After.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,004
  • Nov 11, 2021 3:25am Nov 11, 2021 3:25am
Quoting pipibrasci
EURi - Channel DOWN USDi - Channel UP EURUSD - DESCENDING TRIANGLE{image}
DXY made that move!

https://www.forexfactory.com/thread/...7#post13767867
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,005
  • Nov 11, 2021 3:31am Nov 11, 2021 3:31am
Waiting signal for next entry EU. Maybe not today. US bank holiday.
  • #142,006
  • Nov 11, 2021 3:56am Nov 11, 2021 3:56am
WEEKLY OVERVIEW OF THE EXY vs DXY + EURUSD
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,007
  • Nov 11, 2021 5:29am Nov 11, 2021 5:29am
Quoting fxsport
{quote} {image}For Today {image} Long at 1.1490 with SL 1.1450 and open TP...(I'm hoping for 1.1600 but may close earlier)
Still open but wayyyyy underwater.

Personally I doubt much action due to it being Veterans day in the USA (bank holiday).
...because you never know - until you do!
  • #142,008
  • Nov 11, 2021 5:41am Nov 11, 2021 5:41am
Quoting fxsport
{quote} Still open but wayyyyy underwater. Personally I doubt much action due to it being Veterans day in the USA (bank holiday).
Same here, Long at 1.1483 and underwater. SL is 1.1433. If that is taken out then I wait to see how 1.14 reacts
  • #142,009
  • Nov 11, 2021 6:11am Nov 11, 2021 6:11am
Quoting pipibrasci
{quote} DXY made that move! https://www.forexfactory.com/thread/...7#post13767867 {image} {image}
Of course DXY made that move (too) once the largest driving force by far is EUR/USD there...

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  • #142,010
  • Edited 9:20am Nov 11, 2021 6:12am | Edited 9:20am
I hope you all doubled your accounts in the past two days. I had to close my shorts on Tuesday to follow an unrelated, distressing, legal matter. On the good side, I scored some Xanax anti-anxiety meds. and am going to try them out also in my trading to see if they improve my results. I'm up 63% from Mon and Tue.

Edit. So, here's my doped up assessment. On Saturday October 30th I posted what below.
Quoting Endoephemera
...Next week I expect it to retr. up modestly and go down breaking 1.15 A weekly close below 1.1497 is the discriminant between reversing up or continuing down, longer term. We could see increasing volatility as they fight it out. ....
Of course they saw fit to let another week go by before doing what I anticipated. Now, the current low (1.1454) is not the bottom. Bottom before significant retr. could be 1.1425 or even below, impossible to anticipate really (I have to see it happen live). Still consider we'll see some fighting for the weekly close above or below 1.1497 But whichever way it'll close Friday, the losing side will push hard and succeed to send it the opposite direction, so as to balance their positions (they don't take losses), so, a counter move. Only then will it resume in the direction of Friday's winners. There's a possibility that a bottom and up reversal will take place on Monday the 15th or the day after.

My inkling is that on Friday it will close above 1.1497 and on Monday it will go deep down again to then resume up in a major, longer term reversal.

As for ops. I give no advice because I enter, exit and manage positions too quickly to post. Flat right now. If you have a small position in today's range you should be OK because it will go both above and below it, 20+PiPs(?) IMO.
Practitioner of the cryptic trading arts
  • #142,011
  • Nov 11, 2021 6:21am Nov 11, 2021 6:21am
Long. 25tg . Using fib 50 of big swing / old weekly levels as guide.
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  • #142,012
  • Nov 11, 2021 6:49am Nov 11, 2021 6:49am
today during NY session could be the low of the week formed, so no long for me as of now, waiting for new low to form, so scalping short
  • #142,013
  • Nov 11, 2021 7:17am Nov 11, 2021 7:17am
All even, so should continue LOWER.
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  • #142,014
  • Nov 11, 2021 7:20am Nov 11, 2021 7:20am
When a DIVERGENCE forms between them - look for reversal signals.
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  • #142,015
  • Nov 11, 2021 7:21am Nov 11, 2021 7:21am
Quoting yvestrcz
{quote} Of course DXY made that move (too) once the largest driving force by far is EUR/USD there... {image}
Interesting. EXY stalling. Actually at a major support if you look at the bigger picture.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,016
  • Nov 11, 2021 7:51am Nov 11, 2021 7:51am
Whooa, it is now locked up in the support chokey, not tradeable in the short term.
Do you guys think it has been forming a triangle to break below or is this some sort of a bottoming process that'll lead to a swing up in a short period of time?
  • #142,017
  • Nov 11, 2021 8:17am Nov 11, 2021 8:17am
Quoting yvestrcz
Whooa, it is now locked up in the support chokey, not tradeable in the short term. Do you guys think it has been forming a triangle to break below or is this some sort of a bottoming process that'll lead to a swing up in a short period of time?
I see strong downtrend. Nobody knows where the bottom is, we will know after the fact. It can still drop to 1.13 and if that does not hold, then 1.10 area. 1.13 is a 61.8%FIB from the last bottom to high on the weekly.

Currently long from 1.1483 but partially hedged just in case. Chart looks terrible. The way I see it, we would have to retake 1.17 to have turned a corner. Until then it looks bearish.
  • #142,018
  • Edited 8:44am Nov 11, 2021 8:20am | Edited 8:44am
Quoting yvestrcz
Whooa, it is now locked up in the support chokey, not tradeable in the short term. Do you guys think it has been forming a triangle to break below or is this some sort of a bottoming process that'll lead to a swing up in a short period of time?
My VIEW (D1 chart): EXY been stalling and i think its due for a slight pull back. But just checked the the inverse chart (USDEUR) and it could happen soon though not sure about in the week. Bounced off 0.236 fib Ret. level and Broke out of bull flag indicating aa strong bullish scenario and still aiming for that fib ext. level 2. SO inversely i think it should reach 1.1450 - 1.1420 before a pull back happens and that could be a strong pull back as the Month of November comes with momentum and volatility.

On the other hand I want to see what the D1 candle ends up like (Doji)? But all the same there needs to be a green marubozu/engulfing candle or a twin doji or to confirm reversal at these resistance/support levels. Maybe a HAMMER with a long wick (most likely to take out stop losses). Keeping an eye on the indexes as well and if EXY RSI breaks above the 50 level. sitting above fib Ret. level 0.11 currently.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #142,019
  • Nov 11, 2021 8:52am Nov 11, 2021 8:52am
I suspect nothing dramatic is gonna happen during the US session as it is lacking the US predators of retail traders today. A bank holiday is a bank holiday. Hence perhaps the Asian session or London tomorrow is going to shed some more light and direction on the graph.
  • #142,020
  • Nov 11, 2021 8:55am Nov 11, 2021 8:55am
I'm hoping for the greatest weekly wick close tomorrow, any bear-like weekly close is a big red flag for my long term bullish idea...
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