EURUSD | Page 54044 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,080,861
  • Nov 19, 2016 1:09pm Nov 19, 2016 1:09pm
It looks like Cable before crush in october. Everybody were saying from 1.29xxx correction.
  • #1,080,862
  • Edited 1:39pm Nov 19, 2016 1:10pm | Edited 1:39pm
Quoting NotAtrader
{quote} Hi andexQ! With all my respect to you knowledge your graphic looks weird to me, as I don't see the triangle you are trying to visualize. Unfortunatelly I have no chance to post edited graphic at the moment, but I can try to tell you what I mean. If you try to connect the lows from Nov 2008, May 2010 and Nov 2014 as support line and the highs from Mar 2008, Jul 2011 and Mar 2014 as a resistance line then you will get downwards channel. The current dollar's momentum is too strong while the Eurozone is just full of problems, which will most...
Greeting NaT,

Actually it's not weird at all.. here is what i see:
on H4 you can clearly see that bears was targeting these 2 lines (red-box) while bulls gave up there

eu - h4
Attached Image (click to enlarge)
Click to Enlarge Name: `5.png Size: 17 KB


Added:
and yes, if 1.046 broken i think we might see hi-momemtum downmove ... when it would be broken is always a question
  • #1,080,863
  • Nov 19, 2016 1:21pm Nov 19, 2016 1:21pm
.Why the people of France is protesting against Donald trump? France is France and USA IS USA is not their country. Apparently have no common sense these French. People is like the illegal immigrants protesting in a country that is not their country.
  • #1,080,864
  • Edited 1:37pm Nov 19, 2016 1:27pm | Edited 1:37pm
Quoting NotAtrader
{quote} Okay. Here is what I mean. The current situation will most probably drive the price further down, and as I see it, it will hit the support at the parity level relatively soon. {image}
well your chart is really good, nothing wrong with both chart (u & me)
i would say your chart is good for timing & path to reach parity while my chart works to find location to enter shorts if one looking for it,
let's say different charts serve different purpose..
  • #1,080,865
  • Nov 19, 2016 1:50pm Nov 19, 2016 1:50pm
Quoting venividivici
{quote} Excuse my alteration..but what if? {image}
Yes , VENI... The most reasonable scenario...
  • #1,080,866
  • Nov 19, 2016 1:58pm Nov 19, 2016 1:58pm
Quoting F.g
{quote} Yes , VENI... The most reasonable scenario...
It would extra-ordinary if a double bottom were taken out that easily. I agree with bearish scenario on the larget TF. But short term it would be hard just to take out a situation like that without a sizeable retrace well into a mature trend.
The coincidental success is more dangerous than the expected failure
  • #1,080,867
  • Nov 19, 2016 2:04pm Nov 19, 2016 2:04pm
Quoting NotAtrader
{quote} Hi andexQ! With all my respect to you knowledge your graphic looks weird to me, as I don't see the triangle you are trying to visualize. Unfortunatelly I have no chance to post edited graphic at the moment, but I can try to tell you what I mean. If you try to connect the lows from Nov 2008, May 2010 and Nov 2014 as support line and the highs from Mar 2008, Jul 2011 and Mar 2014 as a resistance line then you will get downwards channel. The current dollar's momentum is too strong while the Eurozone is just full...
try monthly chart..
  • #1,080,868
  • Nov 19, 2016 2:37pm Nov 19, 2016 2:37pm
Quoting andexQ
{quote} try monthly chart..
This what I see andex:
Correct me if I am wrong mate.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0079.PNG Size: 112 KB
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,080,869
  • Nov 19, 2016 2:38pm Nov 19, 2016 2:38pm
Quoting venividivici
{quote} Excuse my alteration..but what if? {image}
Hmmm I don't get this chart, does it mean it should retrace to the top red resistence box , or just 1.08 then down as the red arrow ?
  • #1,080,870
  • Nov 19, 2016 2:44pm Nov 19, 2016 2:44pm
Quoting onedollar
First of all Thank you guys for your support. Between the two scenarios ( A) Quick fast retrace to 1.08 or more. OR B) Keep going down till 1.04 and more ) I have to take a decision for my exit plan. Let's say I don't want to lose more than 20k. SITUATION: EURUSD buy 1.11250 Lots: 5.00 EURUSD buy 1.10343 Lots: 5.00 EURUSD buy 1.09129 Lots: 5.00 Balance at 1.05879 is - 63k leverage: 1:100 Free margin 140% but I can add more to avoid any margin call. What would you do at market open ? Long 5.00 Lots if the price doesn't break down 1.04 or Short something...

wait for Draghi maybe there is miracle, then you can decide for yourself..
Attached Image



this is possible scenario to me,
eu - h4
Attached Image (click to enlarge)
Click to Enlarge Name: `6.png Size: 27 KB
  • #1,080,871
  • Nov 19, 2016 2:55pm Nov 19, 2016 2:55pm
Quoting NotAtrader
{quote} This what I see andex: Correct me if I am wrong mate. {image}
not wrong.. imo
added some lines maybe

Attached Image (click to enlarge)
Click to Enlarge Name: `8.png Size: 239 KB
  • #1,080,872
  • Nov 19, 2016 2:58pm Nov 19, 2016 2:58pm
Quoting onedollar
{quote} Hmmm I don't get this chart, does it mean it should retrace to the top red resistence box , or just 1.08 then down as the red arrow ?
http://www.investopedia.com/articles...cereversal.asp
  • #1,080,873
  • Edited 3:24pm Nov 19, 2016 3:07pm | Edited 3:24pm
Quoting andexQ
{quote} not wrong.. imo added some lines maybe {image}
In this case I will not open long before it hits 1.03 - 02. Even then I would wait and see what happens because going down to parity is absolutely possible scenario.

Trade smart.

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,080,874
  • Nov 19, 2016 4:11pm Nov 19, 2016 4:11pm
Quoting andexQ
{quote} not wrong.. imo added some lines maybe {image}
Hi all
 
Can i say: great charts.
 
And can i mention that looking at MONTHLY chart means someone is deep in red (long positions).  I know because I've been there. And I'm a bit in pink now
 
.....Or someone who trades once a month so he needs monthly chart
 
I say we trade nothing. Wait and see.
I can't advice on already open positions.  No magic tricks.
 
Somehow from day traders we became position ones. This euro and all ......ing banks that move it are nasty robbing bunch.
Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: Collage 2016-11-18 09_39_16.jpg Size: 297 KB
Beware of robber banks (RB), bad advisors.
  • #1,080,875
  • Nov 19, 2016 4:31pm Nov 19, 2016 4:31pm
Quoting onedollar
First of all Thank you guys for your support. Between the two scenarios ( A) Quick fast retrace to 1.08 or more. OR B) Keep going down till 1.04 and more ) I have to take a decision for my exit plan. Let's say I don't want to lose more than 20k. SITUATION: EURUSD buy 1.11250 Lots: 5.00 EURUSD buy 1.10343 Lots: 5.00 EURUSD buy 1.09129 Lots: 5.00 Balance at 1.05879 is - 63k leverage: 1:100 Free margin 140% but I can add more to avoid any margin call. What would you do at market open ? Long 5.00 Lots if the price doesn't break down 1.04 or Short something...

Honestly, holding your loss is pointless, is EUR usd really going to go back to 1.08, 1.10, who sees that, no one, unless they are just hoping, nothing suggests that, EUR has been waiting to pop for a long time and this is it, personally, I can only see it going lower. I hope it does and you get out the mess but don't lose anymore money posting margin to below 1.04 or lower. If you're not going to close them out them be net short and hope for the best but this really doesn't look good at this stage imo
  • #1,080,876
  • Nov 19, 2016 4:36pm Nov 19, 2016 4:36pm
Quoting onedollar
First of all Thank you guys for your support. Between the two scenarios ( A) Quick fast retrace to 1.08 or more. OR B) Keep going down till 1.04 and more ) I have to take a decision for my exit plan. Let's say I don't want to lose more than 20k. SITUATION: EURUSD buy 1.11250 Lots: 5.00 EURUSD buy 1.10343 Lots: 5.00 EURUSD buy 1.09129 Lots: 5.00 Balance at 1.05879 is - 63k leverage: 1:100 Free margin 140% but I can add more to avoid any margin call. What would you do at market open ? Long 5.00 Lots if the price doesn't break down 1.04 or Short something...
Hi mate, I guess a lot of people face the similar situation in this sharp move. In my opinion best thing to do is to avoid adding more longs and wait for a correction to short (or to close at least some longs) to decrease overall exposure. Needs to patiently watch price action. Concerning the strong downside momentum and the two years range covered almost in two weeks, a breakdown to parity is a highly possible scenario. I have been watching the weekly chart recently and this bearish engulfing candle formed on the week of election supports this forecast. Even if there will be a correction this week, it will not reach 1.09xx imo. Or may be a kind of small range or choppy market until December FED hike. This is something different from the May 2015 sharp up move till 1.161. Election night's 1.13 may be the highest level seen for the next couple of years. I hope all will manage to survive, just needs to watch price action more carefully and patiently. Wish you all the best.
  • #1,080,877
  • Nov 19, 2016 6:15pm Nov 19, 2016 6:15pm
Quoting Not-KPMG
{quote} Hi all Can i say: great charts. And can i mention that looking at MONTHLY chart means someone is deep in red (long positions). I know because I've been there. And I'm a bit in pink now .....Or someone who trades once a month so he needs monthly chart I say we trade nothing. Wait and see. I can't advice on already open positions. No magic tricks. Somehow from day traders we became position ones. This euro and all ......ing banks that move it are nasty robbing bunch. Trade safe. {image}
Thanks,
well i regularly check monthly at the end of the week and i would recommend everyone do the same whether day trader, swing trader or position trader except for scalper maybe,
this way we could spot opportunity or danger as early as possible.

for example here UJ look really interesting on monthly..
Attached Image (click to enlarge)
Click to Enlarge Name: `9.png Size: 30 KB
  • #1,080,878
  • Nov 19, 2016 6:19pm Nov 19, 2016 6:19pm
Ok so now everybody turning to parity scenario so E/U will go up soon.
  • #1,080,879
  • Nov 19, 2016 6:43pm Nov 19, 2016 6:43pm
Yeah it seems about to go for bullish but from what I see from my chart in time frame H1 it have to fulfill 1.055662 then it bounce up.
  • #1,080,880
  • Nov 19, 2016 6:45pm Nov 19, 2016 6:45pm
https://www.tradingview.com/chart/EU...oKyiYG-EURUSD/

Attached Image (click to enlarge)
Click to Enlarge Name: pobrane.png Size: 133 KB
294 traders viewing now