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EURUSD

  • #1,083,261
  • Edited 12:52am Dec 9, 2016 12:39am | Edited 12:52am
My Intraday Outlook

Hey, everybody calm now! take your profits on the new range because it's the Fed's turn.

ECB announced its extended QE beyond March 2017 for 9 more months,
although the pace of monthly purchases would go down from 80 to 60 billion euros. (guppies read it as a taper and E/U surged)
At the press conference Draghi insisted the move was just a sign of flexibility and no taper. So E/U plunged.

Trump keeps the bull market alive (10% tax rate for a one time repatriation of the funds)!

So, no fundie reasons for E/U to rise soon

...but if the resistance like 1.0633 Weekly_Pivot broken we might see an upside technical recovery tentative.
So keep your Fibo levels close for the retracement if that happens!

Tech. Intraday S/Rs:
I see a downwards channel but also a breaking tentative on the upside. Next resistance 1.0633, 1.0650...
On the downside: 1.0590, 1.0576(W_S1), 1.0553(M-mid);

Good trading you all!
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Member
  • #1,083,262
  • Dec 9, 2016 12:40am Dec 9, 2016 12:40am
now a short for 20 pips
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TMT Scalping System (Best system on FF)
  • #1,083,263
  • Dec 9, 2016 12:41am Dec 9, 2016 12:41am
i still believe 1.0511 is possible. a deep stone down like last night ...
  • #1,083,264
  • Dec 9, 2016 1:02am Dec 9, 2016 1:02am
Quoting TudorIoan
{quote} Yuddy, EUR/USD it's such a merry pair, don't you love it? {quote} That says everything I'm really glad for you and for all the guys here who closed in profit on this ECB mess today
its lovely......Lol, but u calld the ecb show a mess? huhhh!! those that profit off it wont agree... one fact is, anytime ecb shows up, EU is always taken back to where it ought to be, like a stray dog brought home.. Lol.. EU is back home pals, can we do a home comin party for the pair???Lol
  • #1,083,265
  • Edited 1:48am Dec 9, 2016 1:18am | Edited 1:48am
Quoting yuddy
{quote} its lovely......Lol, but u calld the ecb show a mess? huhhh!! those that profit off it wont agree... one fact is, anytime ecb shows up, EU is always taken back to where it ought to be, like a stray dog brought home.. Lol.. EU is back home pals, can we do a home comin party for the pair???Lol
The ECB show always produce a mess

Already expalined:
1. purchases down from 80 to 60 billion euros ...and the guppies read it as a taper and E/U surged for the first stage;
2. Draghi made it clear there will be no tapering,
just cutting the purchases to have enough money for the 9 month extension beyond March2017, and the guppies runned the other way ...down at the bottom;

...down at the bottom, where you are saying it's home for the E/U

Quoting MrsTrader
I still have one final TP @ 1.0590 does anyone think there is a real possibility for that to be hit today (Fri, am in Asia) or I should just be contented and close at 1.06 thereabouts if I get the chance to? Currently 0614 ...
great call!
Member
  • #1,083,266
  • Dec 9, 2016 1:30am Dec 9, 2016 1:30am
Oupsy, some kind of recovery tentative before London.

If 1.0633 (weekly_pivot) broken we might see the Fibo retracement levels of the ECB drop
....or down to the bottom again (range)

we'll see...
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  • #1,083,267
  • Dec 9, 2016 2:08am Dec 9, 2016 2:08am
Quoting Pollen
now a short for 20 pips {image}
...
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TMT Scalping System (Best system on FF)
  • #1,083,268
  • Dec 9, 2016 2:09am Dec 9, 2016 2:09am
Quoting yanitsa
{quote} Moved stop to entry
Closed , 32 pips gain
  • #1,083,269
  • Dec 9, 2016 2:16am Dec 9, 2016 2:16am
Quoting TudorIoan
Oupsy, some kind of recovery tentative before London. If 1.0633 (weekly_pivot) broken we might see the Fibo retracement levels of the ECB drop ....or down to the bottom again (range) we'll see... {image}
Ok. Fake break.
No problem. My scalping machine already took the first profits (5M chart)
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  • #1,083,270
  • Dec 9, 2016 2:17am Dec 9, 2016 2:17am
Quoting OnlineAddict
Draghi is done talking...now first target 715.
This pair just got a heavy KO punch from draghi, and it's still in a coma, you talking of. 70xx? Lol
You should be talking of. 03xx.
  • #1,083,271
  • Dec 9, 2016 2:29am Dec 9, 2016 2:29am
Couldn't help myself and took a few short scalps too Closed at like 8-10pips.
[Only problem is whatever I made isn't enough to cover the online shopping I did at the same time ]
  • #1,083,272
  • Dec 9, 2016 2:35am Dec 9, 2016 2:35am
Quoting MrsTrader
Couldn't help myself and took a few short scalps too Closed at like 8-10pips. [Only problem is whatever I made isn't enough to cover the online shopping I did at the same time ]
MrsTrader,
needs more work to cover it

of you can ask.... MrTrader instead

TMT Scalping System (Best system on FF)
  • #1,083,273
  • Dec 9, 2016 2:38am Dec 9, 2016 2:38am
Weekly Bar with huge wick but still without close. Below yesterday daily close is bearish zone.
  • #1,083,274
  • Dec 9, 2016 2:58am Dec 9, 2016 2:58am
Quoting yuddy
{quote} This pair just got a heavy KO punch from draghi, and it's still in a coma, you talking of. 70xx? Lol You should be talking of. 03xx.
the punch wasn't from Draghi.
It was from the "wise" traders ...Draghi announced lower asset purchases and got a market response as like easing was increased
Member
  • #1,083,275
  • Dec 9, 2016 3:00am Dec 9, 2016 3:00am
@TudorIoan

EU rejected 1.0633 area .. will it go and test new low before making newer high ?
  • #1,083,276
  • Dec 9, 2016 3:08am Dec 9, 2016 3:08am
Quoting sucess4hasee
@TudorIoan EU rejected 1.0633 area .. will it go and test new low before making newer high ?
In a classical fashion, yes.
E/U rejected 1.0629 on my chart... 1.0620 looks like a tough lvl.
We might see 1.0600 - 05 soon ...just my opinion
Member
  • #1,083,277
  • Dec 9, 2016 3:09am Dec 9, 2016 3:09am
GU and UCAD look like good signs for some st strength for dollar short term...

i see euro going nowhere if im honest, and a drop imminent
  • #1,083,278
  • Dec 9, 2016 3:12am Dec 9, 2016 3:12am
Quoting TudorIoan
{quote} the punch wasn't from Draghi. It was from the "wise" traders ...Draghi announced lower asset purchases and got a market response as like easing was increased
Might have been done on purpose .
Anyway , it should visit 1.0555 once again , before any gains ...if any at all
If I see 1.0660 today I will short it
  • #1,083,279
  • Dec 9, 2016 3:13am Dec 9, 2016 3:13am
Quoting yanitsa
{quote} Might have been done on purpose . Anyway , it should visit 1.0555 once again , before any gains ...if any at all If I see 1.0660 today I will short it
Good plan. Agreed 100%
Quoting sucess4hasee
@TudorIoan EU rejected 1.0633 area .. will it go and test new low before making newer high ?
Quoting TudorIoan
{quote} In a classical fashion, yes. E/U rejected 1.0629 on my chart... 1.0620 looks like a tough lvl. We might see 1.0600 - 05 soon ...just my opinion
...at low scale
at a little bigger scale yanitsa trader plan is better
Member
  • #1,083,280
  • Dec 9, 2016 3:25am Dec 9, 2016 3:25am
Quoting Don96
GU and UCAD look like good signs for some st strength for dollar short term... i see euro going nowhere if im honest, and a drop imminent
could be a break on next m5 candle...? 09.25-09.30 AM UK

it might only need confirmation smaller tf/


id say it needs higher tf closes and filter down from smaller ones, but its not big enough atm...
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