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  • #1,067,761
  • May 20, 2016 9:57am May 20, 2016 9:57am
Quoting Don96
{quote} we will see about that 1.1164
I agree with you n I hope next week there is a clear direction for EURUSD ....

(I still watched GBPUSD)

Happy weekend n good luck mate
Libenter homines id quod volunt credunt
  • #1,067,762
  • May 20, 2016 9:57am May 20, 2016 9:57am
bears happy yet?
  • #1,067,763
  • May 20, 2016 9:58am May 20, 2016 9:58am
Quoting baliprada
{quote} I agree with you n I hope next week there is a clear direction for EURUSD .... (I still watched GBPUSD) Happy weekend n good luck mate
Dont know if it will get there after 1.1180
  • #1,067,764
  • May 20, 2016 10:02am May 20, 2016 10:02am
Technical analysis from yesterday says long, but the fundamental analysis from Wednesday says short.

So, at moment I'm waiting for stronger signals, probably next week.
  • #1,067,765
  • May 20, 2016 10:07am May 20, 2016 10:07am
Quoting Techanalyst
{quote} Still bullish.
intraday positions, based on multi year trend lines is like saying ' oh this years average temperature is higher than last year so i'll add some ice cubes in my lemonade'. while outside is pouring rain. don't get pissed off if hourly noise gets you closed at break even.

also, if you cut price structure wily-nilly with trendlines, they'll loose their effectiveness and they become subjective.
good luck! who knows it might bounce hard, but i strongly doubt it.

clean channel, still far away from current price:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily20may.png Size: 48 KB
  • #1,067,766
  • May 20, 2016 10:09am May 20, 2016 10:09am
Quoting PatienceFx
{quote} eu had a real tough time breaking / keeping nose above 1.12275
Since it's Friday everything is fake moves.... Like a basketball game during ballet rehearsal no sense whatsoever I'll copyright this sentence!!!
Now where to? Equal price is just here 1.1205..... Sooo only zigzags the wave side tells me 1.1250. The dark side tells me lower ...GL
Beware of robber banks (RB), bad advisors.
  • #1,067,767
  • May 20, 2016 10:11am May 20, 2016 10:11am
Quoting BooG
{quote} intraday positions, based on multi year trend lines is like saying ' oh this years average temperature is higher than last year so i'll add some ice cubes in my lemonade'. while outside is pouring rain. don't get pissed off if hourly noise gets you closed at break even. also, if you cut price structure wily-nilly with trendlines, they'll loose their effectiveness and they become subjective. good luck! who knows it might bounce hard, but i strongly doubt it. clean channel, still far away from current price: {image}
My two trades for today bought took profit than sold took profit. Any questions?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15(2).png Size: 24 KB
Click to Enlarge Name: EURUSDM15.png Size: 25 KB
  • #1,067,768
  • May 20, 2016 10:17am May 20, 2016 10:17am
Bear will do technical mistake like bear in 1.16xx if it try to close the week below 1.12
You cannot learn better without losing
  • #1,067,769
  • May 20, 2016 10:23am May 20, 2016 10:23am
Eu should better not lose 1175 because 1165 will not hold and if it happen it will not look good. Since 1245 is not reclaimed this week, then bulls will still be undermined next week
Giant
  • #1,067,770
  • May 20, 2016 10:28am May 20, 2016 10:28am
Quoting TeddyBearish
{quote} It is not about any SMA. SMAs are only showing that something is happening but do not tell you what. I am (almost) sure the reason was the big package of USDCAD options that was going to expire. USD 4.52 bln at 1.2945 (USDCAD).
Stay on topic. He didn't say that was the reason but how to know what to do as a trader. Lol
Do your homework, follow the footprints of smart money
  • #1,067,771
  • May 20, 2016 10:29am May 20, 2016 10:29am
Quoting forexings
Bear will do technical mistake like bear in 1.16xx if it try to close the week below 1.12
I agree. Better to close below 1.11 in the next week.
Patience is a key to joy.
  • #1,067,772
  • May 20, 2016 10:32am May 20, 2016 10:32am
Quoting KeenPips
{quote} Stay on topic. He didn't say that was the reason but how to know what to do as a trader. Lol
As a small trader? To follow the big guys, not drawings.
Patience is a key to joy.
  • #1,067,773
  • May 20, 2016 10:32am May 20, 2016 10:32am
Quoting Techanalyst
{quote} Any questions?
lol ok. awesome job. keep it going!
all i'm trying to point out here is that this is a very flawed use of technical analysis. and this is a very public forum watched by people that might be new to the game and are still looking for useful information.

ps: it's impossible to have a long order with take profit below price of entry. )) pfff. screen shot 1. have a good one!
  • #1,067,774
  • May 20, 2016 10:36am May 20, 2016 10:36am
Quoting TeddyBearish
{quote} As a small trader? To follow the big guys, not drawings.

A trader, whether big or small, like me, needs to know what to do in the market not argue about and show expertise on why the market is the way it is.
Do your homework, follow the footprints of smart money
  • #1,067,775
  • May 20, 2016 10:39am May 20, 2016 10:39am
Quoting BooG
{quote} lol ok. awesome job. keep it going! all i'm trying to point out here is that this is a very flawed use of technical analysis. and this is a very public forum watched by people that might be new to the game and are still looking for useful information. ps: it's impossible to have a long order with take profit below price of entry. )) pfff. screen shot 1. have a good one!
Screen shot one is sell, screen shot two is buy. I just saved them the other way and that is how they end up attached. Screen shot 2 was the first trade I took long, second screen shot was sold. You may think is flawed, I have proven my strategy that it works really good with minimal losses and very good profit. Have a good one you too .
  • #1,067,776
  • May 20, 2016 10:40am May 20, 2016 10:40am
Quoting KeenPips
{quote} A trader, whether big or small, like me, needs to know what to do in the market not argue about and show expertise on why the market is the way it is.
very wise words
do not follow me 99.9999999% of times, rest you can lol
  • #1,067,777
  • May 20, 2016 10:44am May 20, 2016 10:44am
Quoting PatienceFx
{quote} very wise words
Totally agree, I do day trading and I take trades based on price action and that is it. Trader should know when to enter, when to take the profit and or exit.
  • #1,067,778
  • May 20, 2016 10:56am May 20, 2016 10:56am
I am sorry, guys. There is a difference between expertise and faith. Market does not move because of drawings.

Oh, wait... Maybe it moves because of drawings. The ones that are issued on small pieces of paper.
Patience is a key to joy.
  • #1,067,779
  • May 20, 2016 11:11am May 20, 2016 11:11am
its g7 meeting later mean anything for eur/usd ?
  • #1,067,780
  • May 20, 2016 1:58pm May 20, 2016 1:58pm
Last one for this week.

Have a nice weekend guys
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 15 KB
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