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  • #1,095,461
  • Mar 9, 2017 10:48am Mar 9, 2017 10:48am
the down rally do not have full strength as while falling it left the up leg to 1.06065 so it has to complit it to give full confident down move
that indicate same range bound move again with differ area 1.05490_1.06065
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #1,095,462
  • Mar 9, 2017 10:54am Mar 9, 2017 10:54am
if daily closes near 610-615. I just can't see a bearish day tomorrow.
  • #1,095,463
  • Edited 1:56pm Mar 9, 2017 10:56am | Edited 1:56pm
I'm on buy.

Daily

If wave2 down (---) gets broken i think we will complete the triangle.
The fib timezone could indicate there is a trend change coming.

Attached Image (click to enlarge)
Click to Enlarge Name: Outlook.jpg Size: 313 KB


The crossing of EMA5 (---) with SMA8 (---) would indicate a move up. We'll know tomorrow.
057x would be a good buypostion.

Attached Image (click to enlarge)
Click to Enlarge Name: Buy postion.jpg Size: 278 KB


H4

We might see 061x?

I have a buy limit order @058 until the closing of this H4 candle.

Below 056x would mean trendline broken and possible down to 054x-052x.
Sell stop @ 056x

Attached Image (click to enlarge)
Click to Enlarge Name: Update Entry H4.jpg Size: 404 KB
What's that smell? ---- I smell money!
  • #1,095,464
  • Mar 9, 2017 11:00am Mar 9, 2017 11:00am
It has been beautiful run by CAD for last few days. Reaching a tough resistance there now. Anyway it has been fun.

Oil has also been fun since yesterday.
  • #1,095,465
  • Mar 9, 2017 11:01am Mar 9, 2017 11:01am
Quoting jusstin911
Somebody please STOP me.. I been loading shorts (Micro)
It's bullish to 1.0650 - 1.0800. The support has moved from 1.0520 to 1.0550. Unless 1.0550 is broken, it will continue up an up.
  • #1,095,466
  • Mar 9, 2017 11:05am Mar 9, 2017 11:05am
Quoting swing 123
{quote} Why shouldn't you wait for close for confirmation.
You right.. I will know more from the next 4H close...
  • #1,095,467
  • Mar 9, 2017 11:12am Mar 9, 2017 11:12am
Quoting hilmy83
if daily closes near 610-615. I just can't see a bearish day tomorrow.
I think it will come back 1.056xx tonight and go up north to retest 1.063xx tomorrow morning NY session !!!
  • #1,095,468
  • Mar 9, 2017 11:13am Mar 9, 2017 11:13am
Ok, eur did the move i hoped, next week should be the week we will reach 1.03x i am loading shorts here. Ill do this in waves of 10.000 euros, addim more if we go higher and placing a stop at 1.0649 this is to catch a 150-200 pips move im not using lev. Take care
  • #1,095,469
  • Mar 9, 2017 11:28am Mar 9, 2017 11:28am
I think

Despite bs excuse to buy euros

We will continue lower tomorrow 1.0426 perhaps


And 1.007 next week
  • #1,095,470
  • Mar 9, 2017 11:35am Mar 9, 2017 11:35am
Nasty 4h candle...
  • #1,095,471
  • Mar 9, 2017 11:41am Mar 9, 2017 11:41am
I called the 1.0530 level all week. There was a lot of confluence today and was lucky to get long near the low of the day. Because of that, I hauled in +100 pips this week. check it out http://www.fxtradeideas.com

Attached Image (click to enlarge)
Click to Enlarge Name: dBdEDSs.png Size: 175 KB
  • #1,095,472
  • Mar 9, 2017 11:42am Mar 9, 2017 11:42am
Quoting kornrogers
Nasty 4h candle...
you got that right. too much resistance for bulls to clear @ 0615 and 0640. daily is fugly also, too early to call, but this H4 not likely to cut bulls any slack here.
  • #1,095,473
  • Mar 9, 2017 11:44am Mar 9, 2017 11:44am
H1 Chart Update

Triangle forming. The thick red and blue edges I marked will probably push price into a narrow range soon. Meaning: more boring and confusing days are coming. The horizontal angle of 200 EMA on H4 supports the idea that we will face a long lasting boring phase of sideways priceaction which will be profitable for swing traders. My humble opinion.

I will try to trade this triangle range on H1 or smaller timeframes. Simply I will look for short opportunities whenever price nears blue thick line and vice versa when it nears red thick line.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-09-March-2017-H1-Update4.jpg Size: 196 KB
Focus only on what truly matters!
  • #1,095,474
  • Mar 9, 2017 12:13pm Mar 9, 2017 12:13pm
Despite some may call it bs buy, all up moves been supported by news events and down moves were not.
It may be interesting to think about where the price is parked atm.

Tomorrow, NFP: price may dip a little bit to revisit 0550 area then spike up again.
Or, we just continue north (highly unlikely) to retest the 0640 then reverse?
Or, I could be dead wrong and we just continue down, screw the nfp? (I've been wrong before).

Currently, I'm looking at momentum on all higher tfs pointing north.
Just my 2c.
  • #1,095,475
  • Mar 9, 2017 12:20pm Mar 9, 2017 12:20pm
Tomorrow I expect last wave of usd bulls, they've been trying hard this week with no results.
  • #1,095,476
  • Mar 9, 2017 12:20pm Mar 9, 2017 12:20pm
Starting to look like this morning was a bear trap... I closed my SHORTs for 3% gain, so with the 5% I lost, I'm down 2%. I'm now long for the time being.

It looks like the LONG on DAILY momentum indicator signal holds... for now... I'll take losing 2% for being completely wrong any day I suppose. But still looks long to me for the time being.
  • #1,095,477
  • Mar 9, 2017 12:22pm Mar 9, 2017 12:22pm
Quoting pkimnyc
Despite some may call it bs buy, all up moves been supported by news events and down moves were not. It may be interesting to think about where the price is parked atm. Tomorrow, NFP: price may dip a little bit to revisit 0550 area then spike up again. Or, we just continue north (highly unlikely) to retest the 0640 then reverse? Or, I could be dead wrong and we just continue down, screw the nfp? (I've been wrong before). Currently, I'm looking at momentum on all higher tfs pointing north. Just my 2c.
Could I see the momentum indicator ?
  • #1,095,478
  • Mar 9, 2017 12:23pm Mar 9, 2017 12:23pm
Look for "strong" LONG support under 1.0564. And if it breaks below or OPENS on daily below 1.054, could have issues where need to be SHORT...
  • #1,095,479
  • Mar 9, 2017 12:26pm Mar 9, 2017 12:26pm
Quoting Don96
{quote} Could I see the momentum indicator ?
I use same thing you use.
Lagging indicator called macd.
/r
  • #1,095,480
  • Mar 9, 2017 12:29pm Mar 9, 2017 12:29pm
Quoting pkimnyc
{quote} I use same thing you use. Lagging indicator called macd. /r
Oh, first answer I have as momentum but how does Macd show momentum ?
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