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  • #1,073,141
  • Aug 2, 2016 9:27am Aug 2, 2016 9:27am
Quoting openyoureyes
{quote} adding more below 1.119 EU / H1 TP1: 1.114 TP2: 1.112 do not follow, just my thoughts... {image} {image}
-%5 DD max seen-
holding & adding shorts.

AU already reversed
GU on the way
EU next
UJ last
+
US STOX switching to long again

TP1, TP2 same...
  • #1,073,142
  • Aug 2, 2016 9:31am Aug 2, 2016 9:31am
Quoting Fader123
Reckon US GDP estimate was too high They keep doing it NFP figures next looks achievable Dudley said that there could be two hikes UK definitely doing something on Thursday This will impact EU EU looks a bit overbought Forming head and shoulders pattern Looking at selling soon
Yeah

I have the same vieuw.
I'am not buying on this level.
  • #1,073,143
  • Aug 2, 2016 9:32am Aug 2, 2016 9:32am
Quoting 3Davy
I'am expecting a move to 1.1250. Nice place to short,after a spike.
Yes.. I can safely say that "today's" max top should be between 1240-50. Will need a price action confirmation to for a short target to be feasible. This is a kind of a bullish hysteria btw. In my opinion is caused by a weakening USD rather than the Euro value. In any case, and technically, the USD index and the EURUSD pair are between the %50 and 61.8% Fib retracement of its move since Brexit. At this point is am thinking hitting those levels may produce a reversal and a continuation of the bearish trend.

I hope @Not-KPMG doesn't hate me for this post!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,144
  • Aug 2, 2016 9:40am Aug 2, 2016 9:40am
Quoting openyoureyes
{quote} -%5 DD max seen- holding & adding shorts. AU already reversed GU on the way EU next UJ last + US STOX switching to long again TP1, TP2 same...

The price will need to close the daily candle somewhat lower for this position to become feasible for for a long term position. Between 1180 and 1190 in my view. What was your target again?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,145
  • Aug 2, 2016 9:43am Aug 2, 2016 9:43am
Quoting cabinetfmis
Hello, just confirm your analysis I think bullish on the pair eurusd, good luck to you {image}
There is an hourly bearish divergence on your CCI indicator btw.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,146
  • Edited 10:06am Aug 2, 2016 9:55am | Edited 10:06am
Just touched the upper line of the channel...

But it could also try the upper resistance line of the downward squeeze
Attached Image
  • #1,073,147
  • Aug 2, 2016 9:58am Aug 2, 2016 9:58am
Quoting Fader123
Reckon US GDP estimate was too high They keep doing it NFP figures next looks achievable Dudley said that there could be two hikes UK definitely doing something on Thursday This will impact EU EU looks a bit overbought Forming head and shoulders pattern Looking at selling soon
I think selling the EURUSD and EURGBP should be a sound plan right? The GBP should start to sound attractive to investors if BoE will get its act together!
I wouldn't long the GBPUSD though.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,148
  • Aug 2, 2016 10:05am Aug 2, 2016 10:05am
Sold GBPJPY, profit target reached.
Attached Image (click to enlarge)
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  • #1,073,149
  • Aug 2, 2016 10:09am Aug 2, 2016 10:09am
Quoting openyoureyes
{quote} I trade false-breakouts with increasing grid lot sizes. (volatility fade) any strategy is profitable, if you know how to profit... even now the R:R is 1:6 it will be max 2:6 before SL is hit. (1.22 for 2:6 but I haven't set a SL)

This is not a false breakout. Look at daily candles and look at close all above previous daily resistance and daily candle trend is up.

All of you top finding the top and stop shorting. Only buy on dips wait for pullback.
For the jinns time is not like a river but like an ocean!
  • #1,073,150
  • Aug 2, 2016 10:18am Aug 2, 2016 10:18am
Quoting JinnTrader
{quote} This is not a false breakout. Look at daily candles and look at close all above previous daily resistance and daily candle trend is up. All of you top finding the top and stop shorting. Only buy on dips wait for pullback.

5 more pip to the upside until 61.8% Fib retrace Brexit.. One has got to wait and confirm to long at this point.

EDIT: NOTE: We are in bear swing up to 88.6% Fib Retrace Brexit! So the logic is the other way around really.. Sell the spikes.
Unless you are aiming at retracing the 2014 drop (up until may be 1.2230 50% fib) which the time and fundamentals is kind of not right for at the moment (please tell me if I am wrong).
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,151
  • Aug 2, 2016 10:37am Aug 2, 2016 10:37am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting baherhosni
{quote} 5 more pip to the upside until 61.8% Fib retrace Brexit.. One has got to wait and confirm to long at this point. EDIT: NOTE: We are in bear swing up to 88.6% Fib Retrace Brexit! So the logic is the other way around really.. Sell the spikes. Unless you are aiming at retracing the 2014 drop (up until may be 1.2230 50% fib) which the time and fundamentals is kind of not right for at the moment (please tell me if I am wrong).
What's the spot for the 61,8? 1,1230, 1,1235.??? And many thanks!
  • #1,073,152
  • Aug 2, 2016 10:39am Aug 2, 2016 10:39am
Quoting bshappens
Just touched the upper line of the channel... But it could also try the upper resistance line of the downward squeeze {image}
Depends on where it closes today and what the avalanche of high impact news will bring and how it will be interpreted! I just hate the spikes lol
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,153
  • Aug 2, 2016 10:42am Aug 2, 2016 10:42am
Quoting jmmn
{quote} What's the spot for the 61,8? 1,1230, 1,1235.??? And many thanks!
It is at 1230, if I were in a long position in profit, I would close at 1225. Support and resistance are ranges really.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,154
  • Aug 2, 2016 11:00am Aug 2, 2016 11:00am
Quoting baherhosni
{quote} 5 more pip to the upside until 61.8% Fib retrace Brexit.. One has got to wait and confirm to long at this point. EDIT: NOTE: We are in bear swing up to 88.6% Fib Retrace Brexit! So the logic is the other way around really.. Sell the spikes. Unless you are aiming at retracing the 2014 drop (up until may be 1.2230 50% fib) which the time and fundamentals is kind of not right for at the moment (please tell me if I am wrong).

First is trend is friend and second is support resistance.
Tell me apart from fibonacci where is next resistance?
Just stay cautious.
For the jinns time is not like a river but like an ocean!
  • #1,073,155
  • Aug 2, 2016 11:05am Aug 2, 2016 11:05am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting baherhosni
{quote} It is at 1230, if I were in a long position in profit, I would close at 1225. Support and resistance are ranges really.
Thanks, baher...

My target was 1,1235 but I have closed with profit at 1,12255.

Let us see what happens from now on but agree with JinnTrader because eurusd ONLY looks up, even on a weekly basis.

All the best. Jos.
  • #1,073,156
  • Aug 2, 2016 11:30am Aug 2, 2016 11:30am
Quoting JinnTrader
{quote} First is trend is friend and second is support resistance. Tell me apart from fibonacci where is next resistance? Just stay cautious.
1270-80 then 1300! What is the point?

I already stated that the bear swing is valid up until 88.6% then the bias turns to the other side. I also stated that the Euro is not in the fundamental conditions for higher and that this is simply due the soft USD and not due to the value of the Euro.

I just flagged the notion that this is an important level that I would close a long at. I simply stated the advise and its is up to you and the other fine traders to evaluate my advise and take it like jmmn did or leave it like your fine self.

I do not have a crystal ball nor do I confirm the reversal, just stating that this is an important level to pay attention to and to find price action confirmations about continuation or reversal. if break is confirmed traders will take long trades to the following level!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,157
  • Aug 2, 2016 11:44am Aug 2, 2016 11:44am
Quoting jmmn
{quote} Thanks, baher... My target was 1,1235 but I have closed with profit at 1,12255. Let us see what happens from now on but agree with JinnTrader because eurusd ONLY looks up, even on a weekly basis. All the best. Jos.
Yes sir, it has been looking ONLY up sir for some time now and with great momentum too, and that is the point! We have to try to anticipate when the traders (institutions) who went long down at 0960 will start to want to take profit from the huge volumes which were bought down there right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,158
  • Aug 2, 2016 11:51am Aug 2, 2016 11:51am
Quoting JinnTrader
{quote} First is trend is friend and second is support resistance. Tell me apart from fibonacci where is next resistance? Just stay cautious.
Quoting jmmn
{quote} Thanks, baher... My target was 1,1235 but I have closed with profit at 1,12255. Let us see what happens from now on but agree with JinnTrader because eurusd ONLY looks up, even on a weekly basis. All the best. Jos.
May be I am too bear biased.. May be I need a break

I hope I didn't offend you fine traders in any way by my personal bias.

I apologize!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,159
  • Aug 2, 2016 12:11pm Aug 2, 2016 12:11pm
I expect 1.1205 tonight.
I hope so
  • #1,073,160
  • Aug 2, 2016 12:37pm Aug 2, 2016 12:37pm
European banking shares under fire, this could be negative for EUR if it continues.
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