Dislikedeu main trend is bearish.price still under weekly algo and sub trend is neutral.ı can see no algo riding it and price over bearish algo tha indicates sub trend not bearishIgnored
The Trend Is Your Friend
- #1,057,782
- Feb 20, 2016 11:55am Feb 20, 2016 11:55am
- | Membership Revoked | Joined Sep 2015 | 1,961 Posts
uncertinty is name of market condition.ecb macrh?new policy measures?was fed rate hike correct.markets talking usa may head to negative rates.negative rates new normal.some listed questions should be asnwered before market make move and during the peroiod it may add more risk until big move
eu acumulating risk.then it will distribute risk with big moves
- #1,057,783
- Feb 20, 2016 11:56am Feb 20, 2016 11:56am
- | Membership Revoked | Joined Sep 2015 | 1,961 Posts
- #1,057,784
- Feb 20, 2016 11:57am Feb 20, 2016 11:57am
{quote} ı have learned a new word explain my words good.this forum good for english
If you mean big weekly or monthly moves I think it could happen but on the daily chart the big moves have been to the upside, so I am thinking that if there will be a move down it will be slow and steady.
The Trend Is Your Friend
- #1,057,785
- Feb 20, 2016 12:21pm Feb 20, 2016 12:21pm
- | Membership Revoked | Joined Sep 2015 | 1,961 Posts
- #1,057,787
- Feb 20, 2016 1:12pm Feb 20, 2016 1:12pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
Beware of robber banks (RB), bad advisors. 
- #1,057,790
- Feb 20, 2016 1:48pm Feb 20, 2016 1:48pm
- | Joined Feb 2016 | Status: Trader | 28 Posts
{quote} Good chart Joe. Welcome. I like its simplicity. And properly drawn Fibo.!! Most 'analysts' put it backward
Man I know what you mean and they do. Funny, it's all about convention. If the fat cat hedge fund traders do it, so must everybody. Lucky as humans we all kind of see the same thing most of the time. But I've seen price react to .50 fib levels no real trader would consider right. But, sometimes I play with the fibs from different highs and lows just because of this.
But I stick with the standard most of the time.E/U could push down a bit before going up. Hard to tell right now. Those news releases can push this beast either way over the short term.
New here, but not to the game. Was down, came back up and have some battle scares to show for it.
Glad to be here.
traderjoe
- #1,057,791
- Feb 20, 2016 2:08pm Feb 20, 2016 2:08pm
- | Joined Feb 2016 | Status: Trader | 28 Posts
{quote} totally agree. It's a game of patience and big forces, but E is going down a bit ....... And the spammer Ericnyamuuu goes in ignored. Here is not your kiddy chat!!
Lot's of emotion on the E/U thread. Mostly positive, sometimes less so...
- #1,057,793
- Feb 20, 2016 6:57pm Feb 20, 2016 6:57pm
- | Joined Feb 2016 | Status: Trader | 28 Posts
some food for thought (original pic was posted here some time ago) {image}
Interesting pic. But I wouldn't assume that the pros can always manipulate the market this way. Even Central Banks sometimes don't have the fire power to do that.
They would all have to be on the same page. Not saying it can't play out the way the chart shows but it's not a necessary out come.tradejoe
- #1,057,794
- Feb 20, 2016 8:22pm Feb 20, 2016 8:22pm
I have started trading the EU long here and there now that it broke below the 1.1085 swing low. The euro isn't really likely to retrace higher than the 1.250 area in the near term. After a rally we could see it slide down to the 1.1 area... Only then would I be really short term bullish!
"Don't fear a bubble until it starts to burst."
- #1,057,795
- Feb 21, 2016 2:12am Feb 21, 2016 2:12am
- | Joined Feb 2016 | Status: Trader | 28 Posts
{quote} EU only bearish on the weekly and monthly on the daily it's bullish.
You have to go back to 2000-2001 to find price going sideways as long as it has been going now since beginning 2015!
When markets spend this much time going sideways it puts the last trend, which was down, into question.
tradejoe
- #1,057,796
- Feb 21, 2016 4:29am Feb 21, 2016 4:29am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #1,057,797
- Feb 21, 2016 5:20am Feb 21, 2016 5:20am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #1,057,799
- Feb 21, 2016 7:33am Feb 21, 2016 7:33am
I have started trading the EU long here and there now that it broke below the 1.1085 swing low. The euro isn't really likely to retrace higher than the 1.250 area in the near term. After a rally we could see it slide down to the 1.1 area... Only then would I be really short term bullish! {image}
But the force with which it has came down,and an inability to break any highs makes,me reluctant to buy anytime soon.
I tried 2 longs on the way down on thursday and early friday but they were battered as if the price doesn't need a pullback,as if it has already consumed the buy orders here at 1.1050-1.1150 area.
I am firmly sold in fact waiting for another go at 1.06 once again maybe in next 3-4 months.
Back in January i was expecting the second test of 1.05 which got nullified with this break on weekly above 1.1050,but anyway that plan appears more sound again especially once the monthly chart has started to look more like a rejection of 1.1050 area.
Ofcourse this is subject to change if 1.0800 area gives a strong enough reaction,even then it wont happen before march,month of february may still look like a rejection,the way its going.
Sell appears to be the way,My plan will include sell any pullbacks.
Attached with this post is the 90 minute chart of upside down Euro,basically its upside down chart.
See how red circles are very flat.
The second red circle has reached the same low with second test but,i believe it wont break that low.
In the attached Weekly chart,the yellow circle is where we might get a few buys but i believe they will be just for pullbacks to sell till we reach the 1.05.
The Second test of 1.05 will set the stage for good longs maybe in later part of the year.
Mine is just a technical viewpoint will change if pattern change but,i am selling this thing till i get a good buy way down there.
Hope my view point is clear enough.
God bless you.
