EURUSD

It was like unwrapping christmas presents, lol.

Forgot about barrons.

Think was after working with a Barrons, and or the WSJ for a few hours, you looked like you had worked in a coal mine.

I was an option guy from the start. The frustrating think was, back then, the stock options didnt settle. The WSJ only had lasts, and to boot, you couldn't tell from which exchange it was. Lots of times, in the more illiquid strikes, if something traded once in the morning say, well that was the price the WSJ would print, lol.

still holding 1/2 a load.. sunday we may have an attraction to 4395.5 but before/if we get there.. there are a few places that may not allow it. like 4366.5 watch pa here if we get here. i have no reason to think we will bounce. i just react to it.
still have 4382.4 in the mix... but i doubt we go above 4410 and or 4412.3 once we close below 4347...
below i have the same old 2008 # at 4277.9 this hasn't changed. im biased to the side it closes on the weekly once it is breached.
any way i have newer figures that agree with 4277.9.. they are to close to discount. 4278.3 is one the other...you can look back (last week).. im too lazy but i had a mofu that pointed to 42xx, the same area also..
i had some targets beyond 427X also.. they are also valid... now we should bounce in the 427x area.. but i don't know what will happen. if we have a unbroken candle from the open till a close below 4278.3 it looks like 3946.9.. if this close is below 4234 with the unbroken candle. 3946.9 is a lot more likely.

a bounce from 4277.9 may stop at the posted #s or 4322.4 ... if its just 4322.4... then below 4277.9+... its a big deal.. beyond this we can get some valid s/r targets instead of a generic # like 3000 or 3500.. 1.1385.3 or whatever. 0

euro will fall more...check the beginning of downtrend chart on h4. price rate now rest at 50% fib.

oh and the weekly close for me is a piecing bearish pattern.. the same as the month... so when below 4317.5... be careful with your longs.. at least wait for 4277 area.. i said below 4317.5.. so above at/near 4317.5 may be worth a L scalp.. 4422 was the month one.. it would also be a resistance.

later

25 years ago as a 10 yr old schoolboy , my teacher got me drawing his stock charts on the same paper , with daily quotes from the FT ... I remember him talking about a "wavy line" that goes through price , without hitting the extremes.I didn't get it.Looking back on it I can see he was talking about moving averages ....

I had not really looked at the weekly. But at quick glace seems like your 4005 mid, is the key, lines up with the lower lip of my mofu, or 3989. I do see the importance of holding 4277 for the bulls, but once and if 4000ish goes, it could change the set up for the rest of the year, opening a test of the lower mofu,which also are the lows for the year, if things get going..

PS, a break of that 4000 area might have to line up with a risk off situation, and I'd have to look at the S&P and DAX weekly, along with the copper/gold/oil weeklies...but that setup is quite possible..

what up bro, how the weekend going, all good...whats your view of the weekly?

morning

All good mate - well to me weekly says 700 pip drop is possible and still be in an uptrend -

My new thing is "session mids" - looking at the real bodies of large H8 candles with small wicks and finding the mids as possible entries for scalps.2 stand out to me atm , APR18 and MAY20.Also we just hit the mid of this 2 week upmove at around 340 - so between here and 100 pips down I'll be looking for long scalps with this as the bias

Always looking for ever more elaborate ways to pick tops and bottoms

edit - friday's london session printed a near perfect bearish marubozu - this could well provide the momentum to push price down into these areas

Lol, indeed. I did a little R&D a while back, using 4hr candles. I took the fib of the 4hr candle, and used those levels on the 5/15min for scalps for the next four hours. It did have some potential, but I moved away from the shorter term stuff. I did not try the 8hr. Have you tried the 12hr?

Weekly chart still looks bullish to me.
When i see higher high, higher low and a close above last weekly open i can't short for long term...even though i must admit that this weekly candle is ugly.
A run towards 1,4800 is still possible.

I am just worried about the monthly chart.

Indeed, and we have moved lower on the month again K.

not yet - will see how H8 reacts , somehow I like the idea of the mid of a session which had a strong bull/bear move - will keep these areas in mind and go back to m15 for entries , anything lower and I'm lost

I'm off out - enjoy your sunday bro , catch you later

same to you bro...

Just sitting idle & open the chart at random , they are weekly tf with volume & pa .in the volume chart it seems buyers playing with high stakes with distribution & accumulation with every bar as stopping one at the top of the bull now and pa also a bull set up working having most unreliable last d wave down before the action . lets see how far it can down this week or so & afterall no good news for the bears at the same time too , otherside not happy does not mean it unhappy than the counterpart.

(drop some more ... & spread through out the whole world to have the buying climax , the poor set forth to the power in time .ignore this clause ) .
fontu

no doubt, euro going down big time. at least target 1.4 soon.

Right, if you let such forex experienced traders post here their quality forex material then you'll have no work anymore, nobody would care about your posts when they can find other members who can talk just forex not live chat conversations all the time here...
Anyway, When do you trade dude if you spend each minute on ff forums, do you even have a live account?!, oh not even a demo

Wish be true, nearing war zone 4209 4280, winner will declare direction, 1 2 3 days maybe. excellent scalp opportunities only, probable bounce, prefer breach with conviction retest 4280 rejection finally bears have chance for longer time

Euro USD both drowning, floundering sad for countries sad for world.

To be very interesting week, Asia key ?

Happy pipping forex junkies

All this is based on the fact that we are already in wave c. Invalid if price moves above 1.45

4260 maximum 4085 for day chart down then up.