imp level is broken. shorts all the way
not
You can be anything you want to be
- #1,036,522
- Nov 16, 2015 12:39pm Nov 16, 2015 12:39pm
- | Commercial User | Joined Feb 2010 | 13,260 Posts
- #1,036,523
- Nov 16, 2015 1:00pm Nov 16, 2015 1:00pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
The picture is pretty clear right now. Until we trade below the lows put in on Nov. 10th (around 1.0670/80) we're stuck. In fact, that support has been tested and held several times now. Considering what I perceive as prevailing, extreme Euro bearish sentiment I wouldn't be surprised to see us bounce from current levels.
Mid to high 1.07's are definitely doable with mid 1.08's also achievable. Everyone seems to be looking at ECB action for early next month, but in my experience that's generally when shakeouts occur... leading up to events that people are highly anticipating. So I've taken some longs from the 1.0700 zone with an open target and a willingness to bail on the trade should we trade below 1.0670ish.
Mid to high 1.07's are definitely doable with mid 1.08's also achievable. Everyone seems to be looking at ECB action for early next month, but in my experience that's generally when shakeouts occur... leading up to events that people are highly anticipating. So I've taken some longs from the 1.0700 zone with an open target and a willingness to bail on the trade should we trade below 1.0670ish.
check out my blog: forexmademillionaire dot com
- #1,036,524
- Nov 16, 2015 1:33pm Nov 16, 2015 1:33pm
- | Commercial User | Joined Apr 2014 | 237 Posts
THE CHANNELER
- #1,036,526
- Nov 16, 2015 1:47pm Nov 16, 2015 1:47pm
Buy at the Low, Sell at the High You make money by waiting not by trading.
- #1,036,527
- Nov 16, 2015 1:51pm Nov 16, 2015 1:51pm
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
- #1,036,528
- Nov 16, 2015 1:54pm Nov 16, 2015 1:54pm
- Joined Apr 2012 | Status: Trader | 1,054 Posts
I think that this time Parity for the EURUSD is for real. It is going down quite nicely.
Unfortunately, I've closed my shorts @1.0715
but looking for a short entry again.. 
When Scalpers win, I lose and Vice varsa...
- #1,036,529
- Nov 16, 2015 2:00pm Nov 16, 2015 2:00pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #1,036,530
- Nov 16, 2015 2:04pm Nov 16, 2015 2:04pm
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,036,531
- Nov 16, 2015 2:06pm Nov 16, 2015 2:06pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
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- #1,036,532
- Nov 16, 2015 2:09pm Nov 16, 2015 2:09pm
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
{quote} No clue who would sell at this level. You either wait for it to break and run down 20-30 pips and then sell on a retest of support turned resistance, or you buy with a tight stop. But only pigs sell at at support IMO.
- #1,036,533
- Nov 16, 2015 2:10pm Nov 16, 2015 2:10pm
- Joined Apr 2012 | Status: Trader | 1,054 Posts
who is selling cheap ?
This is Classic market move where retail money can be easily lost to Smart money.
Look for Sell entries till Year ending.
When Scalpers win, I lose and Vice varsa...
- #1,036,534
- Nov 16, 2015 2:12pm Nov 16, 2015 2:12pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #1,036,535
- Nov 16, 2015 2:28pm Nov 16, 2015 2:28pm
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
{quote} Nobody around here..but retail crowd buying here thinking it's very cheap.. Smart money took very big sell orders on Thursday.. This is Classic market move where retail money can be easily lost to Smart money. Look for Sell entries till Year ending.
- #1,036,536
- Nov 16, 2015 3:00pm Nov 16, 2015 3:00pm
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
- #1,036,539
- Nov 16, 2015 3:07pm Nov 16, 2015 3:07pm
A Ship in Harbor Is Safe, But that Is Not What Ships Are Built For.