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EURUSD

  • #1,073,621
  • Aug 10, 2016 9:54am Aug 10, 2016 9:54am
That is it for today. I will leave one lot open the same one from earlier. Will check it later to see if it stars going up, I will close it earlier then where is my take profit target. If it goes down it will hit my stop loss.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 31 KB
Click to Enlarge Name: EURUSDH4.png Size: 23 KB
Click to Enlarge Name: EURUSDH1.png Size: 24 KB
Click to Enlarge Name: EURUSDM15.png Size: 32 KB
  • #1,073,622
  • Aug 10, 2016 11:01am Aug 10, 2016 11:01am
EUR/USD went even higher today reaching 1.1190. The pair is now 1.1177 and no major news are expected today, suggesting that price may continue trading around 1.1160-1.1180.
  • #1,073,623
  • Aug 10, 2016 11:16am Aug 10, 2016 11:16am
Price is approaching down trend line from the Brexit day. It has tried today but the trend line hold it. I think it will go south now

Line is set up at 1.1191
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 214 KB
  • #1,073,624
  • Aug 10, 2016 11:36am Aug 10, 2016 11:36am
Quoting probs
Price is approaching down trend line from the Brexit day. It has tried today but the trend line hold it. I think it will go south now Line is set up at 1.1191 {image}
Interesting. Also consider the possibility of the pair trading a channel created by the Brexit low on the same 4 H tf. Just attempt a trendline in parallel to the lower trendline on the chart you attached.

KP
Do your homework, follow the footprints of smart money
  • #1,073,625
  • Aug 10, 2016 11:42am Aug 10, 2016 11:42am
There is a bearish trend developing on eurusd pair.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 246 KB
  • #1,073,626
  • Aug 10, 2016 11:48am Aug 10, 2016 11:48am
Thursday and Friday will decide in what direction the trend will continue for the dollar. A lot of banks are betting on figures close to parity and only a 1 or 2 are seeing the Euro rallying "by the end of this year" BTW.
  • #1,073,627
  • Aug 10, 2016 12:03pm Aug 10, 2016 12:03pm
I closed my EURUSD lot small loss. Looks like EURUSD is going into bearish trend but will wait until tomorrow just to confirm. Thursday and/or friday market should decide which way is it going up or down.
  • #1,073,628
  • Aug 10, 2016 12:09pm Aug 10, 2016 12:09pm
Quoting Techanalyst
I closed my EURUSD lot small loss. Looks like EURUSD is going into bearish trend but will wait until tomorrow just to confirm. Thursday and/or friday market should decide which way is it going up or down.
Impressed with your candour and sticking to your trading rules. Green pips.

KP
Do your homework, follow the footprints of smart money
  • #1,073,629
  • Edited 1:10pm Aug 10, 2016 12:54pm | Edited 1:10pm
D its bearish but it also still could go higher in H
What do you think :


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-08-11-00-16-56.jpg Size: 918 KB


Or :

Attached Image (click to enlarge)
Click to Enlarge Name: F.jpg Size: 1.1 MB



And also this one :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-08-11-00-39-11.jpg Size: 1.0 MB


Ps: im learning, DO NOT trust those pictures
  • #1,073,630
  • Aug 10, 2016 1:27pm Aug 10, 2016 1:27pm
Quoting 1colinfirst
{quote} most of you guys seem to be trading blind. Going long and going short just cos you feel like it. 200 pips up doesnt necessarily mean that it has to go down after that. Wait for the market to tell you what to do. Dont try to guess what it will do. It will tell you what to do if you have the patience to listen.
Now it tells me, its gonna retrace a bit, before continue to go north( possible tomorrow, or friday), that's why opened opposite smaller size short(but still keeping my long from 1.1080 sl 1.1045 tp 1.1244) from 1.1177, sl 1.1185, tp 1.1145
market tells me everything should gonna be ok 👍
(It's not an advise, use your own head..)
  • #1,073,631
  • Aug 10, 2016 1:29pm Aug 10, 2016 1:29pm
Quoting Soroushno
D its bearish but it also still could go higher in H What do you think : {image} Or : {image} And also this one : {image} Ps: im learning, DO NOT trust those pictures

Just for the info.. I have a Sell limit at 1198 just in case the cypher pattern gets filled
First target for this pattern is 1143
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,632
  • Edited 3:29pm Aug 10, 2016 2:25pm | Edited 3:29pm
And here my view for the next session:
It's quit possible we saw today the wave ii where I'm searching for...but that isn't sure at the moment! I think there is a possibility we can see the 1,1202-12. This is a wave ii (as it looks now) and that one is mostly unpredictable...and yes there is still room to the up-side (in the form of eg a triple). The only thing I can say is that this high could fit in the larger Wave-structures.

For now we must look for a confirmation..especialy after we see a move down after the 1,1202-12-21 I think we can see this if price breaks the 1,1071 and the 1,1046 for sure!
We also have a hint if price can break the sma21 in the 4H chart!
We also see that the price is currently above the DP (1,1186)...if this point can be broken we also have a sign of confirmation.
The 4H-chart gave us already a Dark Cloud Cover

In my blog you can read more about my interpretation of the market
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
You can manage risk, but you can't manage the return
  • #1,073,633
  • Aug 10, 2016 2:56pm Aug 10, 2016 2:56pm
Quoting pytaz
{quote} Now it tells me, its gonna retrace a bit, before continue to go north( possible tomorrow, or friday), that's why opened opposite smaller size short(but still keeping my long from 1.1080 sl 1.1045 tp 1.1244) from 1.1177, sl 1.1185, tp 1.1145 market tells me everything should gonna be ok 👍
New sl 1.12055 🤓
(It's not an advise, use your own head..)
  • #1,073,634
  • Aug 10, 2016 5:07pm Aug 10, 2016 5:07pm
Why is forex so damn hard?

I need this bad !!!!

I want be successful at this S$%#
Back from the dead * ding fries are done *
  • #1,073,635
  • Aug 10, 2016 5:09pm Aug 10, 2016 5:09pm
Buy.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 25 KB
  • #1,073,636
  • Aug 10, 2016 6:20pm Aug 10, 2016 6:20pm
Quoting Techanalyst
Buy. {image}

Move your SL to BE as soon as it's safe.. I truly don't think it will hit your target in my analysis!

Of course I could be wrong, so GL my friend.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,637
  • Aug 10, 2016 6:21pm Aug 10, 2016 6:21pm
Quoting ryder950
Why is forex so damn hard? I need this bad !!!! I want be successful at this S$%#
How long have been at it?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,638
  • Aug 10, 2016 6:43pm Aug 10, 2016 6:43pm
Quoting baherhosni
{quote} How long have been at it?
Off and on about 3 years and I'm even........ back and forth.... back and forth... I think I'm probably up 50 bucks after 3 years... ridiculous.
Back from the dead * ding fries are done *
  • #1,073,639
  • Aug 10, 2016 7:25pm Aug 10, 2016 7:25pm
Quoting ryder950
{quote} Off and on about 3 years and I'm even........ back and forth.... back and forth... I think I'm probably up 50 bucks after 3 years... ridiculous.
The fact you have not lost money and are in profit even by a token amount is very impressive, kudos to you!
Loser trying to become a winner!
  • #1,073,640
  • Aug 10, 2016 10:04pm Aug 10, 2016 10:04pm
EUR/USD 144 fibbo correction complete @1.1191 from 1.1047. Now on the way down back below 1.11! great time to sell the pair now. short taken @1.1173 sl 1.1193
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