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  • #1,080,941
  • Nov 20, 2016 11:56pm Nov 20, 2016 11:56pm
EUR/USD is now more stabilized trading at 1.0630 as market participants are calmer. Uncertainty is still huge and anything can happen. The USD Index hit a 13.5 year high at 101.27.
  • #1,080,942
  • Nov 21, 2016 12:08am Nov 21, 2016 12:08am
Quoting pipcenturion
EU sell activated Trade Entry Reasons: 1. Probable bearish bat with point D at 1.0633 2. Sentiment trade as taught by Henry Liu regarding Draghi's speech later today {image}
So Long
  • #1,080,943
  • Nov 21, 2016 12:13am Nov 21, 2016 12:13am
Quoting jusstin911
{quote} So Long
How long?
Member
  • #1,080,944
  • Nov 21, 2016 12:23am Nov 21, 2016 12:23am
1.1299 to 1.0569 in 10 days. Profit taking retrace 23.6% to 1.0741 in 3 days?
  • #1,080,945
  • Nov 21, 2016 12:24am Nov 21, 2016 12:24am
Deutsche Bank:
shorting EURUSD is the one trade where economic and political risks align perfectly.

Only my friend, Morgan Stanley shares my opinion:
EUR/USD neutral ...although USD bullish
Member
  • #1,080,946
  • Nov 21, 2016 12:28am Nov 21, 2016 12:28am
Quoting kuekpeow
1.1299 to 1.0569 in 10 days. Profit taking retrace 23.6% to 1.0741 in 3 days?
Some retrace or even turn around...
  • #1,080,947
  • Nov 21, 2016 12:30am Nov 21, 2016 12:30am
Quoting TudorIoan
{quote} How long?
Nah just around your 650 and the Descending TL on the 4hr.. It's still bearish
  • #1,080,948
  • Nov 21, 2016 12:33am Nov 21, 2016 12:33am
Quoting TudorIoan
My Intraday Outlook Although euro bears seem tired now, ...obviously, E/U technically bearish. The significant technical (positive) correction is still expected but USD it's getting stronger. And people keep selling, take their profits ...and sell again(!) My Intraday S/Rs: - resistance: 1.0630, 1.0666 the Weekly_Pivot lvl.; - support: 1.0530; ...1.6000 looks like a tricky center for a range point (intraday choppy movement around that lvl.) No big news in the calendar until Wednesday (FOMC!) Witch can possibly involve no big moves for E/U till then,...
Seems like the EUR/USD correction is underway and should continue until Wednesday where the expectations may change due to the FOMC. For the US this will be a short week due to the Thanksgiving Day Holiday on the 24th.
  • #1,080,949
  • Nov 21, 2016 12:37am Nov 21, 2016 12:37am
Quoting TudorIoan
Deutsche Bank: shorting EURUSD is the one trade where economic and political risks align perfectly. Only my friend, Morgan Stanley shares my opinion: EUR/USD neutral ...although USD bullish
Deutche Bank ?
Deutche ''Big Pile of Rubish '' Bank ?
Oh .........they are tustworthy for sure

  • #1,080,950
  • Nov 21, 2016 12:42am Nov 21, 2016 12:42am
DXY support at 100.95

From there the EURUSD sell off will increase in momentum.

Have fun guys!
  • #1,080,951
  • Nov 21, 2016 12:46am Nov 21, 2016 12:46am
Quoting yanitsa
{quote} Deutche Bank ? Deutche ''Big Pile of Rubish '' Bank ? Oh .........they are tustworthy for sure
Don't hate them, don't love them! Different scale, but they are players ...like us as well.
And Media environment is their ...tharead/forum
Member
  • #1,080,952
  • Nov 21, 2016 12:47am Nov 21, 2016 12:47am
Quoting kuankuna
Seems like the correction has started, but it is just a retracement.. so I will find an opportunity for selling positions.
Quoting osceiv2
{quote} Some retrace or even turn around...
Quoting jusstin911
{quote} Nah just around your 650 and the Descending TL on the 4hr.. It's still bearish
Quoting Jonstaples
{quote} Seems like the EUR/USD correction is underway and should continue until Wednesday where the expectations may change due to the FOMC. For the US this will be a short week due to the Thanksgiving Day Holiday on the 24th.
How about this scenario this week, guys?
Attached Image
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  • #1,080,953
  • Nov 21, 2016 12:54am Nov 21, 2016 12:54am
Quoting oztrader79
Small Long. SL will be under 1.05 (and will add at 1.0524) {image}
Closed for 52 pips @ 1.06379. Good start for Monday. I try and make my first trade R:R 1:1 , that way my next trade is with house money and I can aim for bigger target with little stress.
  • #1,080,954
  • Nov 21, 2016 12:54am Nov 21, 2016 12:54am
Quoting TudorIoan
{quote} {quote} {quote} {quote} How about this scenario this week, guys? {image}
I kinda agree but will be 100% sure upon the daily close
  • #1,080,955
  • Nov 21, 2016 12:59am Nov 21, 2016 12:59am
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!!
  • #1,080,956
  • Nov 21, 2016 1:01am Nov 21, 2016 1:01am
Quoting TudorIoan
{quote} {quote} {quote} {quote} How about this scenario this week, guys? {image}
Is it correct to exclude the trump tower, because those who bought/sold at that peak is also part of the market?
  • #1,080,957
  • Nov 21, 2016 1:05am Nov 21, 2016 1:05am
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs.
I consider it a confirmation of my eur/usd swing long trade that I took from 1.0635 with SL 1.05. and of a quick nzd/usd trade that I took from 0.6985 and already took profit of 40 pips.
Do you guys like this simple strategy? Have you heard of it?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd Lien.png Size: 31 KB
  • #1,080,958
  • Edited 4:52am Nov 21, 2016 1:15am | Edited 4:52am
Quoting kuekpeow
{quote} Is it correct to exclude the trump tower, because those who bought/sold at that peak is also part of the market?
You're right, those who bought/sold at that peak is also part of the market

But I consider it's kinda political spot feeling,
...not technical and not on macro-economic ground, witch I think matters the most for a Fibonacci analyze

Just my opinion
Member
  • #1,080,959
  • Nov 21, 2016 1:32am Nov 21, 2016 1:32am
Quoting pipcenturion
DXY support at 100.95 From there the EURUSD sell off will increase in momentum. Have fun guys!
DXY bounced off EXACTLY 100.95 and EURUSD sell gathered momentum!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _DXYM5.png Size: 23 KB
Click to Enlarge Name: EURUSD now.png Size: 35 KB
  • #1,080,960
  • Nov 21, 2016 1:35am Nov 21, 2016 1:35am
Quoting Trader-Dale
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs. I consider it a confirmation...
Hi, Dale
I don't like Katy with that BB's system and her's fundamental hypotetical blabber

Simple startegy? I see an engulfing bullish on daily (ok, in progress)
The question is if it's enough to cause an up-turn to some Fibo levels?
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