Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
I like how you draw the 2 TLs (the 2 that went all the way back to February)...
I understand the concept of support becomes resistance and vice versa...just wanting to learn more from you...
Did you have those 2 TLs in mind (roughly drawn in) prior to September to anticipate the bounces since then? Or are you drawing those 2 TLs just recently (as in now) to explain the bounces since September?
I have a friend who draws TLs connecting swing lows and extend them out indefinitely, then he'll sit and wait for the price...Ignored
Dislikedi think it could be a good trade if you r a position trader go above 1.3262 wr1 for a sloss and the final target could be 1.3 but you should watch 1.31 and 1.3070 good luck mateIgnored
Yes I use TLs Fibs previous highs and lows to define S and R levels. Also use patterns and EW, but that is a different ball game.
I line up trend lines from the past, and use them to predict near future bounces.
And I re-create a graph on the platform using appropriate lines for posting pictures, otherwise my pictures would be like SteveWalkers
Hope it helps,
DislikedI would sacrifice my tonight's drink to see a close below 1.3180 tonight... I am trying to justify my position mate. I have something crossing just above 1.3235 and took a short with a SL 1.3260 the reward is quite commencurate around 1.3000s. What is your view...???Ignored
Dislikedunable to mimic yours. 319x ish is the best i can do.Ignored
My bias is that as long 1.3185 can be contained, but favorably below 1.3170 to prevent another r turn s scenario from daily chart, i favor price to move down to 1.3125, then 1.3040, then 1.2983 area. However, 1.2983 is very less likely in near term, unless trend starts to change. The pull back to 1.3000, if received well support, may continue price to move higher into 1.3485 area to challenge this year's high region but we may only see this takes place by next year, if volatility is not that strong.Ignored
DislikedG...look at my reference points (1st and 3rd dots on the TL) on this H4 chart...
The weird thing is...I would not instinctively put the connecting points there...Ignored
DislikedThank you very much mate, I am more bullish than bearish, I couldn't enter Long s today since price took off above 1.3150s and never returned and just couldn't around 1.3170s. I am only playing for some early profit taking before christmas nothing more. I have as mentioned SL @1.3260 and am watching whether we can crack 1.3185-1.3190 area. If not will close obviously. Thank you very much, a brilliant summary again.
Another thing I noticed: You mentioned in your post which posted over the weekend, asia low on sunday would be a clear sign, it...Ignored
DislikedSteve knows his s#!t. We're not related, I guess I'm the loud Walker and he's the quiet one. But like the quiet ones, when they talk, listen up.Ignored
. So u know there's a demand, and place ur stop below there, and u may even hedge with a sell stop if price meant to go down.
Always keep in mind, price can go up and go down.Ignored
DislikedBullsh*t...in my FF world...there is one and only one Walker...he's the one that care...