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EURUSD

  • #1,071,141
  • Jun 30, 2016 12:29am Jun 30, 2016 12:29am
Short from top to 10450. Still in correction?
Attached Image
Artist lead and hacks ask for a show of hands.
  • #1,071,142
  • Jun 30, 2016 12:35am Jun 30, 2016 12:35am
My Daily Setup

35 hours up move with a 8 hours correction;

- 1.1100 supported for a while as D_PP and round-up number but the move seems to be bearish;
- the pennon break strategy worked fine for me two consecutive days, so I'll try it today (though break down after tred up, imporperly) for few pips too,
...stay close for the break;
- the regression TL parallel already supported, maybe break soon;

resitance: 1.1126, 1.1140;
support: 1.1071; 1.1040;

...short 1.1090, tg. 1.1071 DS1;

Green to all!
Attached Image (click to enlarge)
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Member
  • #1,071,143
  • Jun 30, 2016 12:47am Jun 30, 2016 12:47am
Quoting baherhosni
{quote} I thought it hit 50% twice!!! And we are heading for a third if we maintain the current direction!!! {image}
Yeah twice, I misslook at 4h TF. My Bad.
Artist lead and hacks ask for a show of hands.
  • #1,071,144
  • Jun 30, 2016 12:51am Jun 30, 2016 12:51am
In this point i prefer to stay out and see what will happen
  • #1,071,145
  • Jun 30, 2016 12:57am Jun 30, 2016 12:57am
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Euro is coming to point for short. I think, for EURUSD will be more interesting will do one more provocation to long and after that will start move to bottom his new range. Range is 1.1145-1.0960
  • #1,071,146
  • Jun 30, 2016 1:29am Jun 30, 2016 1:29am
Yesterday the pair managed to close above the 200-day moving average so I'm expecting another leg up to the 10-day moving average @ 1.1178 .
  • #1,071,147
  • Jun 30, 2016 1:45am Jun 30, 2016 1:45am
Quoting Jonstaples
Yesterday the pair managed to close above the 200-day moving average so I'm expecting another leg up to the 10-day moving average @ 1.1178 .
Iam waiting also on that level to short.

I expect also a move higher.

Today some economic numbers to watch.
  • #1,071,148
  • Edited 2:26am Jun 30, 2016 2:12am | Edited 2:26am
Fed rate hike off the table for rest of 2016; 12% chance of a CUT by years end

Friday, 24 Jun 2016

//------------------------
type : yellen cut rate
//---------------------------
Will the Fed Be Forced to Cut Rates After Brexit?
By Adam Hayes, CFA | Updated June 29, 2016

Janet Yellen and the Federal Reserve raised rates incrementally earlier this year for the first time since the Great Recession, from 0.25% ot 0.50%, with promises that more rate increases were on the horizon as the U.S. economy recovered and unemployment fell. In the aftermath of the unprecedented UK vote to leave the European Union, however, it looks like the Fed won't be tightening any time soon. In fact, futures markets are now predicting a chance of a rate cut in July. (See also: Yellen: No U.S. Bubble.)

The Fed Backtracks on its Commitment to Raise Rates
http://www.investopedia.com/articles...ter-brexit.asp
  • #1,071,149
  • Jun 30, 2016 2:13am Jun 30, 2016 2:13am
What does seem certain, at least at the moment, is there won’t be any more Fed rate hikes this year. According to the CME Group’s reading of the fed funds futures markets, investors are betting that even by February of next year, rates will be where they are today: between 25 and 50 basis points above zero.

fortune
  • #1,071,150
  • Jun 30, 2016 2:14am Jun 30, 2016 2:14am
EURUSD
Bias Short
Details - http://www.forexfactory.com/showthre...20#post9007820
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #1,071,151
  • Jun 30, 2016 2:15am Jun 30, 2016 2:15am
Quoting baherhosni
{quote} I say we will test the 1.1190-1.1200 area I am short there
  • #1,071,152
  • Jun 30, 2016 4:22am Jun 30, 2016 4:22am
Large swings today.
Hardly recovered my initial losing position using Hedging Recovery Zone.
What you think about Recovery Zone strategy, guys ?
...it seems any way it goes, up or dw, you win!
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Member
  • #1,071,153
  • Jun 30, 2016 4:29am Jun 30, 2016 4:29am
Once it enters a trend out of your zone your account is done....
  • #1,071,154
  • Jun 30, 2016 4:34am Jun 30, 2016 4:34am
Quoting geektrader
Once it enters a trend out of your zone your account is done....
Wrong answer. Others?

edit: I can help...
1. any strong trend, up or dw, is perfect for that startegy;
2. yes, is a refined martingale;
Member
  • #1,071,155
  • Jun 30, 2016 4:46am Jun 30, 2016 4:46am
Quoting TudorIoan
{quote} Wrong answer. Others? edit: I can help... 1. any strong trend, up or dw, is perfect for that startegy; 2. yes, is a refined martingale;
Yes, I use that before, but now I rather trade using SL so I can directly board the next train, rather than inside a train that are going around for a few days just to get a breakevenpoint.
Biggest Mistake ? Over Leverage
  • #1,071,156
  • Jun 30, 2016 4:53am Jun 30, 2016 4:53am
Quoting sing2x
{quote} Yes, I use that before, but now I rather trade using SL so I can directly board the next train, rather than inside a train that are going around for a few days just to get a breakevenpoint.
1. Well, not necessary few days. The train ends up fast if you use 15 pips spread (minus zone), as I did today;
2. You used that before... now you use SL, you mean you quit "the train version" but you still working on a martingale with SL?
Member
  • #1,071,157
  • Jun 30, 2016 5:03am Jun 30, 2016 5:03am
Quoting sing2x
{quote} Yes, I use that before, but now I rather trade using SL so I can directly board the next train, rather than inside a train that are going around for a few days just to get a breakevenpoint.
Good point.
Do your homework, follow the footprints of smart money
  • #1,071,158
  • Jun 30, 2016 5:03am Jun 30, 2016 5:03am
Quoting TudorIoan
Large swings today. Hardly recovered my initial losing position using Hedging Recovery Zone. What you think about Recovery Zone strategy, guys ? ...it seems any way it goes, up or dw, you win! {image}
deep pockets needed
  • #1,071,159
  • Jun 30, 2016 5:09am Jun 30, 2016 5:09am
I'm glad you guys don't use that. Yes, is a very dangerous recovery scheme.
I use it only on small zones and in certain conditions
Trade safe!
Member
  • #1,071,160
  • Jun 30, 2016 5:11am Jun 30, 2016 5:11am
Quoting change
{quote} deep pockets needed


Imho, hedging is a defeatist strategy. When you set your reasonable/affordable sl and get hit, you have another opportunity to reassess/stalk the market for better positioning and trade.
Do your homework, follow the footprints of smart money
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