EURUSD | Page 53645 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,072,881
  • Jul 29, 2016 4:16am Jul 29, 2016 4:16am
Quoting HappyMe
{quote} Damn...where are the bulls now.... I need them.... it's a (just not too) deeeeeeep retracement now in this last movement....
It's gone be choppy I think....

The moves after my wave iv (1.1068) gives me the following:
I expect now an abc-move for completing the whole wave (started at 1.0961)....

I think wave a/v is around 1.1119
a normal retracement (50%) would then give around 1.1092 for the wave b/v
and finally the wave c/v around 1.1133 - 47 - 61 (1.1147 would be the ideal projection but ofcourse it depends on where the wave a and b is ending).

Then I turn into bearish mode....if the pair is performing as expected

ps: My 2 trades are in BE now...so I'm watching and except any bullish or bearish move now
You can manage risk, but you can't manage the return
  • #1,072,882
  • Jul 29, 2016 4:31am Jul 29, 2016 4:31am
Don't trade in both sides, i think is better
  • #1,072,883
  • Jul 29, 2016 4:31am Jul 29, 2016 4:31am
Well i wait for 1.1110-30 then selling but for now watching, eating, playing. ..
Let the game begin
  • #1,072,884
  • Jul 29, 2016 4:32am Jul 29, 2016 4:32am
Don't invest in both sides, i think is better, I think is better cancel investments
  • #1,072,885
  • Jul 29, 2016 4:38am Jul 29, 2016 4:38am
Quoting Allchart
{quote} The next time do what I say, better
He was talking about a trade on the USDJPY pair by the way!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,072,886
  • Jul 29, 2016 4:53am Jul 29, 2016 4:53am
Quoting KeenPips
{quote} Simply that market makers are not just reactive as most of us retail traders. Their trade biases are not formed just on the day of the trade but based on the projections and levels they anticipated. KP
Can you expand on this a little?

How do market makers affect the market?
  • #1,072,887
  • Jul 29, 2016 5:00am Jul 29, 2016 5:00am
Quoting Atomic_Sheep
{quote} Can you expand on this a little? How do market makers affect the market?
Hi, Atomic_S! The big players own the market; they drive market moves. They trade levels or predetermined zones. Good retail traders follow in their wake, as closely as possible. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #1,072,888
  • Edited 5:39am Jul 29, 2016 5:06am | Edited 5:39am
Quoting HappyMe
{quote} It's gone be choppy I think.... The moves after my wave iv (1.1068) gives me the following: I expect now an abc-move for completing the whole wave (started at 1.0961).... I think wave a/v is around 1.1119 a normal retracement (50%) would then give around 1.1092 for the wave b/v and finally the wave c/v around 1.1133 - 47 - 61 (1.1147 would be the ideal projection but ofcourse it depends on where the wave a and b is ending). Then I turn into bearish mode....if the pair is performing as expected ps: My 2 trades are in BE now...so...
I have to recall this.....

new estimates are:
wave a/v: 1.1144 (that's just above my target, in case we see a short wave v in this sequence.....)
wabe b/v: 1.1106 (if we then indeed get a bullish sign I possibly give it a try again....)
wave c/v: 1.1161-78 max. (!) => also at 1.1164 there is the Daily Resistance 2,5 line.....
above 1.1165 my count is broken so then I hope the 1.1160 will hold

phhh that's more bullish then I expected this morning. Hope my calculation points are correct...... Well I will see.....

If we indeed go above the 1.1165 ..wow then my current count is broken (but was really helpfull in guiding me) then I suspect we see an irregular triangle here (seen from the Brexit low). That would then wave b after this coming high.... I then suspect it's done and over with this ranging periode.... well let us surprise what it will be....
You can manage risk, but you can't manage the return
  • #1,072,889
  • Jul 29, 2016 5:46am Jul 29, 2016 5:46am
Nice hold from the london pivot. Tick volume showing downturn from here.
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.JPG Size: 159 KB
  • #1,072,890
  • Jul 29, 2016 5:54am Jul 29, 2016 5:54am
ok we can have today 100 + pip move up if they will not react here ... then is no reason to go back down again
"I'm not answering stupid questions."
  • #1,072,891
  • Jul 29, 2016 5:56am Jul 29, 2016 5:56am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Long at 1,1111

Target 1,1119

Jos
  • #1,072,892
  • Edited 6:47am Jul 29, 2016 6:07am | Edited 6:47am
Quoting jmmn
Long at 1,1111 Target 1,1119 Jos
I'am nut sure about longs.

Remember last crazy friday,there was a hugh sell off.
  • #1,072,893
  • Jul 29, 2016 6:17am Jul 29, 2016 6:17am
30 min close above 1.1120 = BUY BUY, but still worried about GDP ... it CAN change everything ... even FOMC trend UP
"I'm not answering stupid questions."
  • #1,072,894
  • Jul 29, 2016 6:21am Jul 29, 2016 6:21am
Quoting Malchi
30 min close above 1.1120 = BUY BUY, but still worried about GDP ... it CAN change everything ... even FOMC trend UP
Yeah you never know.

I'am still euro bearish for long term.
  • #1,072,895
  • Jul 29, 2016 6:21am Jul 29, 2016 6:21am
EUR/USD is testing the resistance at 1.1120 - 1.1130 once again but the question is whether the fundamentals today will push it above that level. I wouldn't open longs unless that happens.
  • #1,072,896
  • Jul 29, 2016 6:22am Jul 29, 2016 6:22am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting 3Davy
{quote} I'am nut sure about longs. Remenber last crazy friday,there was a hugh sell off.
Me neither. I am never sure. Regards. Jos
  • #1,072,897
  • Jul 29, 2016 6:24am Jul 29, 2016 6:24am
every cell of my body screams LONG,,, but I will not do it.... now its to late .. i like fresh rotations.
"I'm not answering stupid questions."
  • #1,072,898
  • Jul 29, 2016 6:27am Jul 29, 2016 6:27am
its like .. look at expectations of GDP is too good .. I feel like results will disappoint market.
"I'm not answering stupid questions."
  • #1,072,899
  • Jul 29, 2016 6:35am Jul 29, 2016 6:35am
Quoting Allchart
{quote} I don't think the price will be down to 1.1000, better cancel your investment
No, I am holding this position.
  • #1,072,900
  • Jul 29, 2016 6:51am Jul 29, 2016 6:51am
Quoting Malchi
every cell of my body screams LONG,,, but I will not do it.... now its to late .. i like fresh rotations.
Yea thats killing me too I should stay out , never trade on fraiday , not good experience :/
210 traders viewing now