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  • #1,073,221
  • Aug 3, 2016 7:58am Aug 3, 2016 7:58am
Quoting baherhosni
{quote} On the EURUSD chart, in my view we are witnessing the A leg after v.. B will be the correction of A move to the north.. Correct me if I am wrong..
The waves ii / iv and b's are all corrections and existing out of abc
You can manage risk, but you can't manage the return
  • #1,073,222
  • Aug 3, 2016 8:31am Aug 3, 2016 8:31am
Quoting jmmn
Continue Long at 1,1221 following the D1 and W1 trend...
Just keep a close eye on your long position since this should be a correction before another bearish move.

In my "personal" opinion we may see 1190-1220 to the north "max" first then a south move to 1125-1110.

I hope someone would correct my view if there is something drastically wrong with this.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,223
  • Aug 3, 2016 9:34am Aug 3, 2016 9:34am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting baherhosni
{quote} Just keep a close eye on your long position since this should be a correction before another bearish move. In my "personal" opinion we may see 1190-1220 to the north "max" first then a south move to 1125-1110. I hope someone would correct my view if there is something drastically wrong with this.
Thanks, baher... I will keep that very close eye on my long and hope to succeed. All the best! Jos
  • #1,073,224
  • Aug 3, 2016 11:08am Aug 3, 2016 11:08am
I think the current move to the downside won't end before the pair reaches 1.1100 again. I have a short position still open.
  • #1,073,225
  • Aug 3, 2016 11:41am Aug 3, 2016 11:41am
Feeling nervous about this one with all the possible turncoat zones of supply and demand :l
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The truth is hidden from you
  • #1,073,226
  • Aug 3, 2016 11:46am Aug 3, 2016 11:46am
Quoting MaxenshteinD
Feeling nervous about this one with all the possible turncoat zones of supply and demand :l {image}
It should retest north.. Just hang in there..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,227
  • Aug 3, 2016 11:58am Aug 3, 2016 11:58am
I will not invest until the price reaches where is the yellow line, probably
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  • #1,073,228
  • Aug 3, 2016 1:45pm Aug 3, 2016 1:45pm
EURUSD offered another ( Second ) opportunity to join the bears again , few minutes before today market closes. NZDCAD short also. I mean for " Swing traders ". Good luck.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #1,073,229
  • Aug 3, 2016 2:47pm Aug 3, 2016 2:47pm
My expectations for the coming session:

If I did the HEW-counting correct I think we now in the wave c/i and in this wave we just saw the wave iii.
I expect in the first place a small move up towards +/- 1,1160 (DP => 1,1168) and then the wave v around 1,1122 to max. 1.1113 (DS1)
That would be our wave i and so we need to search for the wave ii. This can be deep or shallow...but I hope it's around 1,1145 (WP)...???

In the end (a lot of session in the future.....or just a few...who knows....) I expect this total move down (that would then the major wave -c-/-iii-) ending around 1,0717

We will see tomorrow....how my expectation performs in real
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You can manage risk, but you can't manage the return
  • #1,073,230
  • Aug 3, 2016 4:26pm Aug 3, 2016 4:26pm
Quoting Allchart
I will not invest until the price reaches where is the yellow line, probably {image}
You know what? I may want to be looking for a place to buy too.. I think I may be turning to a bull in this market soon.

Quoting HappyMe
{quote} The waves ii / iv and b's are all corrections and existing out of abc
I feel that the wave v that we just came back from to A is a wave 1 in a bigger bullish wave. That means that the ABC after v should be forming wave 2 of that bigger wave!
I hope you don't mind me bothering you with my theories all the time.

I am currently analyzing the USD Index Weekly and I see us finishing a bearish wave 2!!!

Quoting Not-KPMG
{quote} a bit better ADP. Nevermind I'll add few longs. Mind you we can retrace lower. 1.1195 now. 1.1130 1240 is my range
ooks like I will be looking for longs on this pair too soon my friend

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.
I think I may be joining your camp sir!

Will try to give this more analysis and update you! May be I will change my bias and sentiment! That, or I am just too tired..

The coming weeks will be very interesting as the USD Index Weekly price is struggling between the 10SMA and 100SMA not to mention resistance confluence with the 10SMA and the Fed being not very firm in their stance. I would love to see how the coming few weeks will close.
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,231
  • Aug 3, 2016 5:49pm Aug 3, 2016 5:49pm
I can help you to recover some of your money, i think



Quoting baherhosni
{quote} You know what? I may want to be looking for a place to buy too.. I think I may be turning to a bull in this market soon. {quote} I feel that the wave v that we just came back from to A is a wave 1 in a bigger bullish wave. That means that the ABC after v should be forming wave 2 of that bigger wave! I hope you don't mind me bothering you with my theories all the time. I am currently analyzing the USD Index Weekly and I see us finishing a bearish wave 2!!! {quote} ooks like I will be looking for longs on this pair too soon my friend {quote}...
  • #1,073,232
  • Aug 3, 2016 6:25pm Aug 3, 2016 6:25pm
Quoting Allchart
I can help you to recover some of your money, i think {quote}
recover what money sir??

This is an analysis..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,233
  • Aug 3, 2016 9:03pm Aug 3, 2016 9:03pm
Quoting baherhosni
{quote} recover what money sir?? This is an analysis..
I thought you invested money, to go up
  • #1,073,234
  • Aug 3, 2016 10:06pm Aug 3, 2016 10:06pm
Quoting baherhosni
{quote} Well using my own understanding of the situation. When Tudor said the USD is coming back, I feel he wants to say coming back up from its recent sharp retracement. If correct then this would push the Euro down especially if the US news is good.
Bad day for me yesterday
Was pretty sure dollar will come back (so it did) but put my stake on bulish apparently movement.
Big mistake, should trade short or shouldn't trade at all
Member
  • #1,073,235
  • Aug 3, 2016 11:03pm Aug 3, 2016 11:03pm
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,073,236
  • Aug 3, 2016 11:05pm Aug 3, 2016 11:05pm
The EUR/USD is lower today trading at 1.1140. Down some 100 pips from this weeks high of 1.1235. The pair would be heavily impacted by the long-awaited NFP and unemployment data scheduled for tomorrow.
  • #1,073,237
  • Edited 11:32pm Aug 3, 2016 11:13pm | Edited 11:32pm
My Early Hours View

Bearish technical tendency, related with some bearish fundamentals - who rules the market those days (ADP, ISM, NFP).
For the early hours, E/U right between the 50 and 61.8 Brexit Fibo, again ...sleeping for 12 hours;

resistance:
- 1.1190 as Weekly-mid and 50% Brexit_Fibo;
- 1.1203 DR1;
- 1.1233 the highest E/U rate after Brexit;

support (zone):
- 1.1117 DS1;
- 1.1108 Weekly_Pivot and 61.8 Brexit_Fibo;
- 1.1100 as a psychologic threshold;

Fundies:
1. Very important news from BoE today, is possible that GBP and EUR to dance together against the USD for a while.

2. ADP/ISM use to anticipate NFP wheight and direction,
...so if pretty good numbers yesterday is possible for the US dollar to grow stronger anticipating a positive NFP release.
(yes, new members, that means a probability for the E/U to go down)

Green to you all!
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  • #1,073,238
  • Aug 3, 2016 11:21pm Aug 3, 2016 11:21pm
hi everyone,
how do you think BOE rate cut decision (if they will eventually) will affect DAX? I think GBP will drop heavily which will take UK100 index down also, and DAX. but probably from tomorrow both indices will fly up again.
thanks for opinions
  • #1,073,239
  • Aug 3, 2016 11:47pm Aug 3, 2016 11:47pm
Quoting TudorIoan
My Early Hours View Bearish technical tendency, related with some bearish fundamentals - who rules the market those days (ADP, ISM, NFP). For the early hours, E/U right between the 50 and 61.8 Brexit Fibo, again ...sleeping for 12 hours; resistance: - 1.1190 as Weekly-mid and 50% Brexit_Fibo; - 1.1203 DR1; - 1.1233 the highest E/U rate after Brexit; support (zone): - 1.1117 DS1; - 1.1108 Weekly_Pivot and 61.8 Brexit_Fibo; - 1.1100 as a psychologic threshold; Fundies: 1. Very important news from BoE today, is possible that GBP and EUR to dance together...
What means dancing? Dancing in the charts, talking practically
  • #1,073,240
  • Aug 3, 2016 11:59pm Aug 3, 2016 11:59pm
Quoting Allchart
{quote} What means dancing? Dancing in the charts, talking practically
Yep, I meant GBP/USD and EUR/USD will probably follow mutual or opposite directions when the news comes (I don't know about EUR/GBP)
The point is that the UK very important news might create nasty volatility on the market which can shake euro pretty bad.
I wouldn't trade those two days, today and tomorrow, I expect two choppy days
I might jump in, if the sudden move is clear and strong, but that's it.
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