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  • #1,067,321
  • May 17, 2016 8:46am May 17, 2016 8:46am
Quoting Denden2012
{quote} We are in stacked large TF demand zones for a few days. After the drop from friday, stopping volume was large and we have been testing the upper limits of the retrace on higher volume I interpret that as institutions have been accumulating positions for a longer term up. News just provides liquidity required for the push.
Pertinent view. Beats me. Good luck
Member
  • #1,067,322
  • May 17, 2016 8:47am May 17, 2016 8:47am
Quoting HappyMe
{quote} that would be wonderfull... Maybe I'm to optimistic but my current running-trade target is at 1.1660 let's see if it works out and maybe I can add some buy's to it...that would be nice.... anyway...I don't party to early.....first 1.1340 needs to broken ... agreed! (still I'm not party then ...)
there it happened...

now I just that my count is oke....
You can manage risk, but you can't manage the return
  • #1,067,323
  • May 17, 2016 8:48am May 17, 2016 8:48am
Quoting Don96
{quote} for some simple analysis, check out RSI on EU... I rarely ever use RSI or MACD etc but in times like these its sometimes useful... that 1.1340 level about to get fucked so if your hoping for it to come down because your short and aren't covered, then probs best to close but then I'm not qualified to advise on how to trade, so just my 2 cents as they say I'm pissed I closed my Longs now Raa, I closed EU +25 and GU +50, now look at them UJ shorts from 109.55 and 109.40 doing well though, as is S+P short {image}
Hey, Don, I owe you a beer
Member
  • #1,067,324
  • May 17, 2016 9:03am May 17, 2016 9:03am
Quoting TudorIoan
{quote} Don't use indicators you rarely use ..they will confirm you what you want to see ...but I shall buy you a beer if 1.1340 get f**cked
I know how to use them

and you can do

you can undo the trades I closed if you have that power
  • #1,067,325
  • May 17, 2016 9:06am May 17, 2016 9:06am
Quoting TudorIoan
{quote} Hey, Don, I owe you a beer
hold up - a wise guy on here has 1.1347 to be broken, I have 1.1340 on my charts, but he is much more accurate than me
  • #1,067,326
  • May 17, 2016 9:07am May 17, 2016 9:07am
Quoting TudorIoan
{quote} Pertinent view. Beats me. Good luck
Green pips to you as well.
  • #1,067,327
  • May 17, 2016 9:08am May 17, 2016 9:08am
I would still like to see 1.126x min for some cheaper longs​
  • #1,067,328
  • May 17, 2016 9:12am May 17, 2016 9:12am
Quoting Don96
I would still like to see 1.126x min for some cheaper longs​
I'm afraid 1.126x min will not come...

From now the 1.1282 is the low for the coming sessions...and maybe even longer.... (this moves did confirmed my count and view)
You can manage risk, but you can't manage the return
  • #1,067,329
  • May 17, 2016 9:14am May 17, 2016 9:14am
Expecting news tomorrow!
  • #1,067,330
  • May 17, 2016 9:15am May 17, 2016 9:15am
Quoting StopRunFx
EURUSD H1 {image}
Looks like the trapped bears covered as soon as they got to BE, fuelling the spike up. Does this make a bull trend for the next day or two? IMHO very likely so, the short-term bear chasers of Friday and scale-ins from today are out with a loss or BE, and given the momentum, longer-term bears may be keen to take partial profits on any selloff and not look to sell until a measured move up. Looks like there's a nice vacuum above.
Attached Image (click to enlarge)
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"To the busy day / To the idle play"
  • #1,067,331
  • May 17, 2016 9:16am May 17, 2016 9:16am
Quoting HappyMe
{quote} I'm afraid 1.126x min will not come... From now the 1.1282 is the low for the coming sessions...and maybe even longer.... (this moves did confirmed my count and view)
okay, but I'm on about longs before 1.17, I don't think this will have the power to get there without lower first, if it does then I'm a twat for closing longs at 1.129x but whatever

ive got 1.11x for longs at 1.17 as well

ill short below 1.16 most likely

and on this move, if it closes above 1.14, ill probs look for longs. may be before 1.1360
  • #1,067,332
  • May 17, 2016 9:33am May 17, 2016 9:33am
EUR/USD is trading at 13.36, slightly changed from yesterday's levels. Traders and investors are expecting tomorrow's FOMC Meeting so low volatility can be expected.
  • #1,067,333
  • May 17, 2016 9:35am May 17, 2016 9:35am
Nothing follow thorugh. Probably range trading with spikes up and spikes below the past 2 days.
  • #1,067,334
  • May 17, 2016 9:49am May 17, 2016 9:49am
I really doubt about any sustainable rebound before Thursday.
There (Thursday)will be some news may support euro for its long term movement to north.
  • #1,067,335
  • May 17, 2016 10:14am May 17, 2016 10:14am
Wall Street slips as solid data raises prospect of rate hike
  • #1,067,336
  • May 17, 2016 10:32am May 17, 2016 10:32am
You need something groundbreaking to defy monthly technicals. Anyone watching USDX would know not to long dollar here without solid news backing it.
Attached Image
  • #1,067,337
  • May 17, 2016 10:38am May 17, 2016 10:38am
Quoting Techanalyst
Profit target reached. {image}
hi

is there a specific calculation to draw the blue zone?

why not draw it wider, or lower, or 1 pip higher for instance?
When life gives you lemons, make lemonade
  • #1,067,338
  • May 17, 2016 10:55am May 17, 2016 10:55am
Quoting HappyMe
{quote} well.... this looks a real positive bar for now.... the markt show me signs of bullishness. if 1.1340 goes.... then this thing goes bullish.. {image}
I'm following this ride too. Thought last week's price was the end, but this might be the low I have been looking for to buy against. Definitely watching to see how it rises from here as I am also long believing we've started wave 1/3
  • #1,067,339
  • May 17, 2016 11:25am May 17, 2016 11:25am
Quoting s3padrian
{quote} I'm following this ride too. Thought last week's price was the end, but this might be the low I have been looking for to buy against. Definitely watching to see how it rises from here as I am also long believing we've started wave 1/3

Well yes I think we saw the low we were searching for....
For now I think wave i is finished.... (if we go higher wih the wave i...that looks too bullish to me!...or we need a deep wave ii then)...
but oke...for now I can make a valid 5-wave count from 1.1301 to 1.1348...so yes this could be the final wave c of wave i....

Then were is the wave ii ending...? maybe we saw it already.... it looks like a zigzag in the lower time frames...but the moves were to violent to get a proper count out of it.
So....
a) we maybe saw the low of wave ii @1.1331 (also supported by the 55ma (hcl/3)
b) the low of wave ii is around the mid of the Pchannel...+/-1.1325 and a little higher... (often waves ending around mid-channel or end channel)
If we go lower then we can't get to the 1.1622-64 with this wave i and ii....otherwise it is possible...anyway then wave iii must be longer then usual...

Well that is what I think....
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You can manage risk, but you can't manage the return
  • #1,067,340
  • May 17, 2016 11:38am May 17, 2016 11:38am
Quoting micho
{quote} hi is there a specific calculation to draw the blue zone? why not draw it wider, or lower, or 1 pip higher for instance?
It is all manually drawn. If you draw it wider, it would be more confusing and you would not be sure where to enter. You notice, as soon as it crosses blue box and moving average(20), there is a bull candle and confirmation to enter long. Of course that blue box is drawn by looking at higher time frame lime M30 or H1 chart. After that you can go on lower time frames like M15 or M5 and enter there. This one is on M5 chart. But you have to sit in front of a computer for couple hours to catch these moves. That is why when I trade, I have forexfactory on and my charts. Phone is on silent, door room is closed and that is all what I concentrate on while trading. That is why it is easier to catch these kind of moves.

You see that other screen shot where the blue arrow is pointing, that is when the bull candle crosses the blue box and moving average(20) that is to show a big probability that it is bullish and you can enter long. You have to decide where to exit. I usually exit manually between 10-20 pips. Same goes when selling.

If you want to I will attach couple more screen shots so you can see other examples. Let me know.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDM5(3).png Size: 26 KB
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