Euro bears broke the Monthly_Pivot level 1.1190
Took the Daily_S1 1.1183
1.1174 soon ...maybe even 1.1147 Weekly_S1
Took the Daily_S1 1.1183
1.1174 soon ...maybe even 1.1147 Weekly_S1
Attached Image (click to enlarge)
Member
- #1,076,621
- Sep 28, 2016 2:29am Sep 28, 2016 2:29am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #1,076,622
- Edited 2:53am Sep 28, 2016 2:34am | Edited 2:53am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
I have to say that the German banking crisis Ie the DB fine and now NordLB cancelling a 500 mio euro bond issue may get some traction and have impact on the Euro Of course it took awhile for Sub prime to get realized and then contagion set in. Watch this space. Markets are set for an excuse to move.
Sell again. Till 1.1090. Now .1191
Break MA200 i think....1.1152. Part TProfit there.
€‹That reminds me of 2010 or 11 when some Dubai or AbuDabi conglomerate folded, so sparked a big sell.
Difference is now the euro is low interest currency - if markets crash, E/U may actually go up... In future.
We shall see.
GL.
Beware of robber banks (RB), bad advisors.
- #1,076,624
- Sep 28, 2016 3:07am Sep 28, 2016 3:07am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Euro bears broke the Monthly_Pivot level 1.1190 1.1174 soon ...maybe even 1.1147 Weekly_S1 {image}
Member
- #1,076,625
- Sep 28, 2016 3:10am Sep 28, 2016 3:10am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} ...maybe not so soon
You can manage risk, but you can't manage the return
- #1,076,626
- Sep 28, 2016 3:11am Sep 28, 2016 3:11am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} ...maybe not so soon
Soon as today or this week
Will see....
A chart here with few Elliott Waves. Â Just trying, not believing much. Â Any opinions?Â
If it goes down you will be all enrolled into the Not-KPMG churchÂ
​
Beware of robber banks (RB), bad advisors.
- #1,076,627
- Sep 28, 2016 3:26am Sep 28, 2016 3:26am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} What do you mean
Draghi today:
-structural reforms needed to lift rates from the lower bound;
-negative rates had to be applied due to lowered equilibrium rate;
-fiscal policy has to be more robust;
-bla, bla, bla...
...nothing clear, but it seems strange to see a rebound in euro when his words started coming
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- #1,076,628
- Sep 28, 2016 3:26am Sep 28, 2016 3:26am
- | Joined Sep 2013 | Status: Trader | 2,240 Posts
{quote} What do you mean
Target 1.1050
- #1,076,629
- Sep 28, 2016 3:45am Sep 28, 2016 3:45am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} It's some megamessy triangle on weekly . Target 1.1050
{quote} What do you mean
Am I qualified for NK church now?!
We rather should found a fine arts school here
Member
- #1,076,630
- Sep 28, 2016 4:03am Sep 28, 2016 4:03am
What is going on today? Got stopped out twice just by a pip
First flat and second with loss
Not-KPMG is this what we are seeing now possible something like this? http://www.daytradingforexlive.com/f...tegy-revealed/
First flat and second with lossNot-KPMG is this what we are seeing now possible something like this? http://www.daytradingforexlive.com/f...tegy-revealed/
- #1,076,631
- Sep 28, 2016 4:08am Sep 28, 2016 4:08am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
What is going on today? Got stopped out twice just by a pip
- #1,076,634
- Sep 28, 2016 4:54am Sep 28, 2016 4:54am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
You can manage risk, but you can't manage the return
- #1,076,635
- Sep 28, 2016 5:32am Sep 28, 2016 5:32am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
What is going on today? Got stopped out twice just by a pip
And Tudor - such a nice circular trend-...circle
ÂÂYep, you are taken on-board as Design Assistant Deacon (DAD) Tudor of my church
Â
​ .ÂAssistant - because chart is low contrast
​Yes, we can see jumps a bit. 1.1250+ perfectly ok. Then "sudden " sell.
I copy from above site :
ÂÂ
Over and over through my years of educating forex traders Ive heard many forex traders say that it feels as if they are entering the market at exactly the wrong time. Many retail forex traders feel as if the market is just waiting for them to enter before it instantly turns the opposite direction. Im here to tell you that its true! This is a critical idea that all must understand and come to accept. We all know the failure rate among traders, but what does this information tell us?
Remember above when we discussed that there must be a counter party to every trade? This is a well-known fact and it is indisputable. Because the mega banks position is so large they must essentially create their own market. For example lets say Bank X was looking to sell the EUR/USD. In order to sell the position size they desire there would have to be someone willing to buy an equal amount of the EUR/USD. This is where the retail forex trader comes in.
Forex traders are predictable.
ÂÂ
Yep. Maybe nice bull traps. ÂÂPolitical, ÂÂDraghi... Mess.
Beware of robber banks (RB), bad advisors.
- #1,076,636
- Sep 28, 2016 5:43am Sep 28, 2016 5:43am
{quote} Guys, it's a crazy market. And Tudor - such a nice circular trend-...circle
- #1,076,637
- Sep 28, 2016 5:45am Sep 28, 2016 5:45am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Guys, it's a crazy market. And Tudor - such a nice circular trend-...circle
Circular Trend Lines are much more accurate! Have you seen any fake move on them, huh? They are perfect
Member
- #1,076,638
- Sep 28, 2016 5:55am Sep 28, 2016 5:55am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
{quote} Hey, Not! Dont you like my CircTLs?
I wish i had read the post before preparing my chart...
Good idea DAD Tudor
Laters. Stay safe
Beware of robber banks (RB), bad advisors.
- #1,076,639
- Sep 28, 2016 6:32am Sep 28, 2016 6:32am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} Hey, Not! Dont you like my CircTLs?
Nevertheless, the boundaries can be distorted and broken by intersecting other adjacent boundaries! So the bear sentiment is not a done deal
I still need a trading break soon!!! "Loose some to win more" --Baher A.