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  • #1,082,801
  • Dec 7, 2016 12:33am Dec 7, 2016 12:33am
Quoting yuddy
Oh my goosh!! " the sweetest tightest Asian range I have ever seen is here . Pals get ready for an explosive ride which ever way it goes!
where do you think it will go? you gotta have an opinion
TMT Scalping System (Best system on FF)
  • #1,082,802
  • Dec 7, 2016 12:41am Dec 7, 2016 12:41am
My Intraday Outlook

Although technically yesterday euro showed weakness,
the TL may support it for some upwards rebound with some pull backs at the first resistance today. (chart)
If the TL will be broken, (also the Weekly_R1) it's possible to hit the lower support (chart)

Upwards channels (strictly technical tentatives) euro to climb back the painfull recent drops.

Monetary policy decision in Canada today ...thus, CAD may lead the FX show today.

Good trading you all!
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Member
  • #1,082,803
  • Edited 1:05am Dec 7, 2016 12:51am | Edited 1:05am
Quoting Pollen
{quote} where to go long on EU next?
Where to go long next?
1.0770 first resistance and if break there we may see 1.0800 (see chart)
...but if E/U will break 1.0710 - 1.0700 zone ...I can't figure how deep it will sink
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Member
  • #1,082,804
  • Dec 7, 2016 12:51am Dec 7, 2016 12:51am
Quoting TudorIoan
My Intraday Outlook Although technically yesterday euro showed weakness, the TL may support it for some upwards rebound with some pull backs at the first resistance today. (chart) If the TL will be broken, (also the Weekly_R1) it's possible to hit the lower support (chart) Upwards channels (strictly technical tentatives) euro to climb back the painfull recent drops. Monetary policy decision in Canada today ...thus, CAD may lead the FX show today. Good trading you all! {image}
thats a nice chart,and since fx is a probabilty game, i am voting a rally to daily resistance first
  • #1,082,805
  • Dec 7, 2016 12:56am Dec 7, 2016 12:56am
Quoting TudorIoan
{quote} Where to go long next? 1.0770 first resistance and if break there we may see 1.0800 (see chart) ...but if E/U will break 1.0710 - 1.0700 zone ...I can figure how deep it will sink
thats it,
@ Pollen,watch the trendlines and see how the probability plays out, dont predict the market,follow the market and play the game as it is in the charts. too many "ifs" can strain some nerves. tudor gave some nice chat,watch how the probabilites play and use the clues to sweep some pips.
  • #1,082,806
  • Dec 7, 2016 12:59am Dec 7, 2016 12:59am
Sickening range, making me pull my hairs!!!! Lost after lost
Special one
  • #1,082,807
  • Dec 7, 2016 12:59am Dec 7, 2016 12:59am
Quoting yuddy
{quote} thats a nice chart,and since fx is a probabilty game, i am voting a rally to daily resistance first
Thnx. I'm "voting" the same ...but I need a clear bullish sign first ...EUR/USD is sleeping ATM

Quoting TradeGenuis
Sickening range, making me pull my hairs!!!! Lost after lost
Just look for better trends on lower TFs ...and scalp! ...my opinion, just a thought, don't mind
Member
  • #1,082,808
  • Dec 7, 2016 1:10am Dec 7, 2016 1:10am
Quoting TudorIoan
{quote} Thnx. I'm "voting" the same ...but I need a clear bullish sign first ...EUR/USD is sleeping ATM {quote} Just look for better trends on lower TFs ...and scalp! ...my opinion, just a thought, don't mind
Yeah but you are forgetting about the spread.I dont trade lower than 4H , the transation cost chew up my profits in lower timeframes.
Special one
  • #1,082,809
  • Dec 7, 2016 1:16am Dec 7, 2016 1:16am
Quoting TradeGenuis
{quote} Yeah but you are forgetting about the spread.I dont trade lower than 4H , the transation cost chew up my profits in lower timeframes.
Yeap, you're pretty right. The trading costs are bigger for the scalpers.
But I use to redeem them in a classical fashion by RR ratio ...someting like 1.2:1 RR
Member
  • #1,082,810
  • Dec 7, 2016 1:26am Dec 7, 2016 1:26am
Yeah but i think it has no chance of winning in the long run, cause when those strategies go through draw down, its emotionally too painful for the trader to make it back, he might most likely abandon the strategy. e.g risking 2% per trade and going through a losing streak of 6trades, that's 12% draw down.Now to make it back you need about 30 winning trades, to me that's crazy, I don't even know how people are able to survive with that.Thou with high discipline u can make it in the higher time frames in the short run to my understanding its impossible.You will likely surrender all your profits to your broker.
Special one
  • #1,082,811
  • Dec 7, 2016 1:36am Dec 7, 2016 1:36am
Quoting TradeGenuis
Yeah but i think it has no chance of winning in the long run, cause when those strategies go through draw down, its emotionally too painful for the trader to make it back, he might most likely abandon the strategy. e.g risking 2% per trade and going through a losing streak of 6trades, that's 12% draw down.Now to make it back you need about 30 winning trades, to me that's crazy, I don't even know how people are able to survive with that.Thou with high discipline u can make it in the higher time frames, in the short run it to my understanding impossible.You...
I can only speak from my experience:
the advantage trading the low TFs is the better dynamics and swings.
...so, better chances to see clear trading formation and profit from the trading formations. And that compensates the high scalping costs!
I mean, even in daily untradeable ranges you can see and profit from small trends on the low TFs.

And I often say that: the market is fractalic (structure), if you know what I mean
Member
  • #1,082,812
  • Dec 7, 2016 1:39am Dec 7, 2016 1:39am
Quoting TradeGenuis
{quote} Yeah but you are forgetting about the spread.I dont trade lower than 4H , the transation cost chew up my profits in lower timeframes.
what broker are u using? i thot EU is the smallest spread in several brokerages.
  • #1,082,813
  • Dec 7, 2016 1:43am Dec 7, 2016 1:43am
EU looks like south break to me - around 12 may be the number to trigger.... my only problem is the daily candle monday

watching this on GU to see effect on EU
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  • #1,082,814
  • Dec 7, 2016 1:45am Dec 7, 2016 1:45am
Quoting yuddy
{quote} what broker are u using? i thot EU is the smallest spread in several brokerages.
Yeah its the lowest but to profit from your position you will have to hold it longer than the validity of the entry signal.
Special one
  • #1,082,815
  • Dec 7, 2016 1:48am Dec 7, 2016 1:48am
Quoting Don96
EU looks like south break to me - around 12 may be the number to trigger.... my only problem is the daily candle monday watching this on GU to see effect on EU {image}
Everybody sees on a chart what he want to see, the market is oblivious to our analysis.You will only know where it is heading at the end of the day..lol
Special one
  • #1,082,816
  • Dec 7, 2016 1:49am Dec 7, 2016 1:49am
Quoting TradeGenuis
{quote} Everybody sees on a chart what he want to see, the market is oblivious to our analysis.You will only know where it is heading at the end of the day..lol
right, perhaps thats why you are having loss after loss
  • #1,082,817
  • Dec 7, 2016 1:51am Dec 7, 2016 1:51am
Quoting TradeGenuis
Sickening range, making me pull my hairs!!!! Lost after lost
oooh pal, u shld be glad they are ranging ,compared to other times that 100pips run is completed in asian session and you wonder where they gonna sprint next to in Uk time. all the major pairs are waiting,waiting,waiting, and i loveeeee it!!,cos when the train starts moving,you know it gat a headway. God save us from useless whips and saws.
  • #1,082,818
  • Dec 7, 2016 1:54am Dec 7, 2016 1:54am
Yeah just that by the time you see where it is heading its too late to enter.And thats where you guys will start counter-trending...
Special one
  • #1,082,819
  • Dec 7, 2016 1:55am Dec 7, 2016 1:55am
The current dynamics of the E/U suggests the waiting.
...yes, tomorrow it's a very important day for the E/U: the ECB monetary policy decision & conference
No surprise tomorrow expected. But don't make the mistake to think the market will be calm.
...the market always makes crazy speculations on nothing. And it's the sentiment who rules the market, not the finacial-economical arguments

It might be possible to see a low range day today.
But if the liquidity is low, spikes may occur.

Take care you all!
Member
  • #1,082,820
  • Dec 7, 2016 1:57am Dec 7, 2016 1:57am
Do you think that EURUSD can still go down further to reach the support level 61.8?
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