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EURUSD

  • #1,073,421
  • Aug 8, 2016 9:05am Aug 8, 2016 9:05am
EURUSD sell. Stop loss 1.10983 and take profit 1.10615.
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  • #1,073,422
  • Aug 8, 2016 9:31am Aug 8, 2016 9:31am
short 1.1083
tp 1.1045
sl1.1123
I hope it will be good
  • #1,073,423
  • Aug 8, 2016 9:53am Aug 8, 2016 9:53am
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Click to Enlarge Name: EURUSDH1.png Size: 35 KB


Sell:
1.12094
Scaling in:
1.11687
1.11472
1.10923
TPs: 1.10100
Total running profit: 6.3xx
  • #1,073,424
  • Aug 8, 2016 10:09am Aug 8, 2016 10:09am
now im believe we will break friday low..
time will tell n patience will get paid soon..
the true currencies here is patience and react precisely
  • #1,073,425
  • Aug 8, 2016 10:13am Aug 8, 2016 10:13am
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Learn, a forex trader must, unlearn and relearn he will.
  • #1,073,426
  • Aug 8, 2016 10:19am Aug 8, 2016 10:19am
Quoting OnlineAddict
If everything goes normal, we should re-visit 1050-70 on monday which I will buy again towards 1225. For now I closed all longs opened earlier.
I didn't get 1070, but only 1071, but that has to be good enough.
Everyone can see the chart, but only a few can actually read it.
  • #1,073,427
  • Aug 8, 2016 10:32am Aug 8, 2016 10:32am
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First short at 1.1096, opened a smaller short at 1.1071.

Shooting to close both positions at the 23.6% fib handle (1.035; just below Friday's NFP lows), then will wait for pullback to possibly re-enter short if fundamentals support it. Could just as well push below 23.6, but I'm not interested in risking my gains if the play goes according to plan.

Worst case scenario: Break even, perhaps some profit if price continues downward.
Best case scenario: 60 pips on larger position, 35 on smaller
  • #1,073,428
  • Aug 8, 2016 11:23am Aug 8, 2016 11:23am
Timeframes: D1, H4 and H1 all show that it is going south(down).
Attached Image(s) (click to enlarge)
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  • #1,073,429
  • Aug 8, 2016 11:36am Aug 8, 2016 11:36am
Quoting Techanalyst
Timeframes: D1, H4 and H1 all show that it is going south(down). {image} {image} {image}
Looking at D1, H4 and H1, the time we have now and the PA through each session...I see the chart pointing up. Funny how 2 people can look at the same and see something else. First easy target 1100, but still waiting for 1225, this week or next, I don't care. After that 1372.
Everyone can see the chart, but only a few can actually read it.
  • #1,073,430
  • Aug 8, 2016 12:05pm Aug 8, 2016 12:05pm
Quoting OnlineAddict
{quote} Looking at D1, H4 and H1, the time we have now and the PA through each session...I see the chart pointing up. Funny how 2 people can look at the same and see something else. First easy target 1100, but still waiting for 1225, this week or next, I don't care. After that 1372.

I am leaning towards and trading bullish.. But still I am giving a lot of respect to the traders who found a opposing analysis, and working on a flexibility paradigm shift plan just in case I am completely off and fooled by the institutions as Not-KPMG would put it

For example, although not widely used and having lots of controversy, our thread's fine trader HappyMe is using the methodology of a very highly skilled Elliott wave analyst by the name of Ian Copsey (who I have been very interested in what he has to say about this theory lately), and he is pointing south.

So.. At the end if the day, it is how you manage your money, profits and losses, and be flexible enough to adapt and correct any resulting DD right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,431
  • Aug 8, 2016 12:13pm Aug 8, 2016 12:13pm
Different trading style/outlook and strategies. Lol
Do your homework, follow the footprints of smart money
  • #1,073,432
  • Aug 8, 2016 12:15pm Aug 8, 2016 12:15pm
Quoting baherhosni
At the end if the day, it is how you manage your money, profits and losses, and be flexible enough to adapt and correct any resulting DD right?
Of course, if I see the market going the other way, I am not going to fight it. Most of my views predict the day we watch or the next or one week ahead maximum. I don't care what happens in 2 weeks or a month, we may see 1.05, I wouldn't mind, but I will worry about that when the time comes. For now, I am bullish until we reach 1100 again, then lets see what happens. I will only short this week, if we are way above 1100, but better above 1200.
Everyone can see the chart, but only a few can actually read it.
  • #1,073,433
  • Aug 8, 2016 12:29pm Aug 8, 2016 12:29pm
I am long at 1.1080
sl. 1.1045
tp. 1.1244
(It's not an advise, use your own head..)
  • #1,073,434
  • Aug 8, 2016 12:34pm Aug 8, 2016 12:34pm
Quoting OnlineAddict
{quote} Looking at D1, H4 and H1, the time we have now and the PA through each session...I see the chart pointing up. Funny how 2 people can look at the same and see something else. First easy target 1100, but still waiting for 1225, this week or next, I don't care. After that 1372.
Once again, agree
(It's not an advise, use your own head..)
  • #1,073,435
  • Aug 8, 2016 1:06pm Aug 8, 2016 1:06pm
Quoting HappyMe
{quote} Indeed this smells like a Flat (eventually an Expanded Flat)....... Curious if this thing smells correct {image}
It goes to slowly in my opinion and with that I'm getting nervous and unsure.... ....I closed my trade for now.... with a perfect gain of 2 pips This morning I was searching for about 30 to 50 pips...but oke there wasn't that much news... maybe I could now it on forehand that it could be a quiet session

Quoting baherhosni
So.. At the end if the day, it is how you manage your money, profits and losses, and be flexible enough to adapt and correct any resulting DD right?
I think....You are absolute right with that!!
You can manage risk, but you can't manage the return
  • #1,073,436
  • Aug 8, 2016 1:11pm Aug 8, 2016 1:11pm
EURUSD is predominantly southward in disposition although the current price action is to the north; apparently a corrective move. This may be followed by a sideways play before a further move southwards.

KP
Do your homework, follow the footprints of smart money
  • #1,073,437
  • Aug 8, 2016 1:35pm Aug 8, 2016 1:35pm
Did some SOME BUSYBODY CHANGE change the forum's outlook and size etc. ETC?????
And MY CAPS???
And the header??
Beware of robber banks (RB), bad advisors.
  • #1,073,438
  • Aug 8, 2016 3:36pm Aug 8, 2016 3:36pm
Quoting HappyMe
{quote} It goes to slowly in my opinion and with that I'm getting nervous and unsure.... ....I closed my trade for now.... with a perfect gain of 2 pips This morning I was searching for about 30 to 50 pips...but oke there wasn't that much news... maybe I could now it on forehand that it could be a quiet session {quote} I think....You are absolute right with that!!

You always get good days.. Its OK I guess to get a slow day especially in the summer! consider this your consolidation of your equity curve!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,439
  • Edited 5:19pm Aug 8, 2016 4:41pm | Edited 5:19pm
Quoting baherhosni
{quote} You always get good days.. Its OK I guess to get a slow day especially in the summer! consider this your consolidation of your equity curve!
That's better then a down-move in the equite curve

I just looked to the HEW-count again and updated my blog. I still favor the down-side...and I still think we see now a flat or expanded flat...
Today it wasn't an impulsive move... it looks more like a retracement (abc) and must be a double for being a part of the (expanded) flat. From the otherside.... it also could the wave b of the retracement from the current low (1,1046) that would mean I judged the last down-move wrong and then we can come above the 1,1105.... but for now I can't see a count that could justified that

So today I can't put all the puzzle-pieces to a meaningful picture....I'm very unsure about it! ..... So with that I'm on the side-line....watching the price and look if it fits in my HEW-count. If we get a more directional move I can look for targets again...
But I still think 1,1233 was our high..... (never say never)
You can manage risk, but you can't manage the return
  • #1,073,440
  • Aug 8, 2016 4:53pm Aug 8, 2016 4:53pm
The people is changing of opinion
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