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EURUSD

  • #1,072,541
  • Jul 21, 2016 7:50am Jul 21, 2016 7:50am
Quoting 3Davy
{quote} What is your next trade? Holding shorts?
Not good at holding business , close most of my trades under an hour. EURUSD needs to break 1.09116 previous month low and close below it at the end of this month for true long term bearish pattern. I think this week will not close below 1.095, may hover between 1.102 and 1.095 until FOMC.
Next trade is short 1.102 for 10-15 pips profit if it goes there today.
  • #1,072,542
  • Jul 21, 2016 7:57am Jul 21, 2016 7:57am
Quoting Nabz
{quote} Not good at holding business , close most of my trades under an hour. EURUSD needs to break 1.09116 previous month low and close below it at the end of this month for true long term bearish pattern. I think this week will not close below 1.095, may hover between 1.102 and 1.095 until FOMC. Next trade is short 1.102 for 10-15 pips profit if it goes there today.
Do you think there is an upmove back to 1.1100?
  • #1,072,543
  • Jul 21, 2016 8:09am Jul 21, 2016 8:09am
Quoting 3Davy
{quote} Do you think there is an upmove back to 1.1100?
I think 1.11 is out of game before FOMC. 1.095 is more possible. Just my personal opinion, in the end anything can happen in this crazy market.
  • #1,072,544
  • Jul 21, 2016 8:47am Jul 21, 2016 8:47am
Quoting baherhosni
I am expecting it to pull back up to 1010 soon..

See what I mean!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,072,545
  • Jul 21, 2016 9:17am Jul 21, 2016 9:17am
Quoting Nabz
Next trade is short 1.102 for 10-15 pips profit if it goes there today.
I'm out now +12 Pips
  • #1,072,546
  • Jul 21, 2016 9:31am Jul 21, 2016 9:31am
Quoting Nabz
{quote} I'm out now +12 Pips
To me back in an uptrend.

Stronge support here.
  • #1,072,547
  • Jul 21, 2016 9:46am Jul 21, 2016 9:46am
I agree with you 3Davy, I see this going back to 1.11
“The most valuable commodity I know of is information”
  • #1,072,548
  • Jul 21, 2016 10:02am Jul 21, 2016 10:02am
Quoting ClipperFX
I agree with you 3Davy, I see this going back to 1.11
Oh man.

I cannot understand how traders become realy rich here.
Are there milionars here on this forum,because I hate my job.
  • #1,072,549
  • Jul 21, 2016 10:07am Jul 21, 2016 10:07am
I'm with you. It's taken me 4 years to start getting consistent. It's all about a simple strategy and really sticking to it no matter what. Also, with experience in the market your intuition becomes stronger. The human factor in my opinion will always beat out any EA's for that reason alone.
“The most valuable commodity I know of is information”
  • #1,072,550
  • Jul 21, 2016 10:15am Jul 21, 2016 10:15am
Quoting ClipperFX
I'm with you. It's taken me 4 years to start getting consistent. It's all about a simple strategy and really sticking to it no matter what. Also, with experience in the market your intuition becomes stronger. The human factor in my opinion will always beat out any EA's for that reason alone.
Whats do you think about euro dollar for now.
  • #1,072,551
  • Jul 21, 2016 10:30am Jul 21, 2016 10:30am
I am betting on short term support for Euro. Thinking is its going to the weekly pivot at 1.1081. With the ECB deciding to hold their rates, doesn't seem to have a driver to take it lower. Of course I could be wrong.... That where the Reward to Risk needs to be applied. My most consistent trading has been with a 2 to 1 Reward to risk.
“The most valuable commodity I know of is information”
  • #1,072,552
  • Jul 21, 2016 11:05am Jul 21, 2016 11:05am
Quoting ClipperFX
I am betting on short term support for Euro. Thinking is its going to the weekly pivot at 1.1081. With the ECB deciding to hold their rates, doesn't seem to have a driver to take it lower. Of course I could be wrong.... That where the Reward to Risk needs to be applied. My most consistent trading has been with a 2 to 1 Reward to risk.
Not so fast my friend.. The price may still want to visit the lows again even further south.. Don't put high risk on long positions until you see higher highs and higher lows. Today's low is almost the same as yesterday's and this support may be broken easily if the market isn't so divided and we were at a strong support for the USD Index. the If you are so sure of the support try remembering what happened when the price tried to go through 1060 upwards.. So the route upwards is blocked too..
The uSD Index may also go north and cause this pair to be pushed south so we still have to follow that as well.

Remember last Friday when everyone was short, no support was able to hold the down move. We may see the highs, that is still correct, but we can't jump to conclusions yet and miss guide others. We may still be going down to as far as 1096 if we stay in the same range..
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,072,553
  • Jul 21, 2016 11:10am Jul 21, 2016 11:10am
Quoting cspip
{quote} Thats why I said 'closely' and not 'exactly'. The Euro, GBP and Yen make up 83% of the movement of $index, but Euro alone is 57%, so makes more impact than any other currency.
I would appreciate it very much if you point to where I can find this percentage of 57%..
Thanks in advance..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,072,554
  • Jul 21, 2016 11:43am Jul 21, 2016 11:43am
Quoting baherhosni
{quote} I would appreciate it very much if you point to where I can find this percentage of 57%.. Thanks in advance..
come on https://en.m.wikipedia.org/wiki/U.S._Dollar_Index
Who is long with me?
Beware of robber banks (RB), bad advisors.
  • #1,072,555
  • Jul 21, 2016 12:17pm Jul 21, 2016 12:17pm
Quoting Not-KPMG
{quote} come on https://en.m.wikipedia.org/wiki/U.S._Dollar_Index Who is long with me?

Oh .. I thought it was something more specific than than a wiki article.. LOL
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,072,556
  • Jul 21, 2016 12:46pm Jul 21, 2016 12:46pm
Possible inverted cup and handle..
Attached Image (click to enlarge)
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,072,557
  • Jul 21, 2016 1:23pm Jul 21, 2016 1:23pm
Quoting baherhosni
Possible inverted cup and handle.. {image}
It's Friday soon all logic must be forgotten. My idea in red. 1.11 in sight
Is your target 1.0985?? Trendline at 0970 if I'm not mistaken
Attached Image (click to enlarge)
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Beware of robber banks (RB), bad advisors.
  • #1,072,558
  • Jul 21, 2016 5:24pm Jul 21, 2016 5:24pm
Quoting Not-KPMG
{quote} come on https://en.m.wikipedia.org/wiki/U.S._Dollar_Index Who is long with me?
im against you. close my long 8hours at 1.10080 ago and open short position at 1.10080 to target 1.09700. damn..im trapped!
  • #1,072,559
  • Jul 21, 2016 6:30pm Jul 21, 2016 6:30pm
ASIAN been selling EJ...EU now been pressed downward together...back to 1.09020 level today?Hope so
  • #1,072,560
  • Jul 21, 2016 8:28pm Jul 21, 2016 8:28pm
wow...only me here...anybody home. 1.0970 can be reached today if only its doesnt goes above 1.10350
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