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  • #1,099,701
  • Mar 27, 2017 1:35pm Mar 27, 2017 1:35pm
Hi Manasvi, Mostly yes , but not sure about tonight, it could be tomorrow , but it's very likely to get there due to several indicators such RSI on 4H is oversold and inverse hammer formation and so forth
  • #1,099,702
  • Mar 27, 2017 1:36pm Mar 27, 2017 1:36pm
Quoting MyOpinion
just turned bullish i think over 1.0877 bad for shorts and obv 1.09+ for confirmation . I'm trying a long 1.0871 20 pip stop. Below 1.0855 is nice for shorts. I was so close to shorting but the uptrend still on track until below 1.0855. Shouldn't really go long until above 1.0877 or even 1.09 and the hourly/4 hour charts look bearish as hell so risky but only 20 pips. gl guys
How in the world could you go long right now, even scalping! I'm not one to predict reversals, but this is eye popping. You're crazy I'm fixing to put my hands in the air and ride down this slide... Too early to tell, but on a longer term I'll predict a ride down to 1.062.
To maximize your gains you must minimize your losses
  • #1,099,703
  • Mar 27, 2017 1:39pm Mar 27, 2017 1:39pm
Quoting Curren
Hi Manasvi, Mostly yes , but not sure about tonight, it could be tomorrow , but it's very likely to get there due to several indicators such RSI on 4H is oversold and inverse hammer formation and so forth
Thanks Curren. Appreciate your time and response. Have a Nice Evening!

Regards,
  • #1,099,704
  • Mar 27, 2017 1:45pm Mar 27, 2017 1:45pm
Waiting for 1.084
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-i-h4-fibo-group-ltd.png Size: 39 KB
Call me Red
  • #1,099,705
  • Mar 27, 2017 1:50pm Mar 27, 2017 1:50pm
Quoting Curren
On 4H candle sticks there is a big obvious beautiful bearish harami pattern formation in the past 8 hours, this is a strong signal fir reversal to down side.Such Harami pattern sitting on top of MA200 is a strong reversal signal . So, be careful when going long
A gap, Harami, and Doji on 1 HR @ 1,0850. What's more can you ask? 1.0800 - 25 is the way I will go.
  • #1,099,706
  • Mar 27, 2017 1:52pm Mar 27, 2017 1:52pm
Certainly looks bearish. Dollar index (if stays above 99) + Dow looking good to fill gap now also so certainly a potential top for a bit but ill wait till it confirms on my charts before jumping in as missed the obvious 1.09 short. I'm gonna try take couple days off forums as spending to much time on FF, good luck peepz.
Loser trying to become a winner!
  • #1,099,707
  • Mar 27, 2017 2:10pm Mar 27, 2017 2:10pm
short @ 1.0865
  • #1,099,708
  • Mar 27, 2017 2:26pm Mar 27, 2017 2:26pm
Quoting Connors
{quote} Closed UJ 100.51 and EUR @1.0873 It is hardly a reversal yet, probably EUR a little higher 1.09 and UJ below 110.00.
I was occupied with my naughty robot. So I paid little attention to charts today. There is some good news on China. It's should be positive for UJ. I watched UJ 110.80. Seems it cannot hold on and will reach 110.90.

Maybe a short term reversal. I have forgotten that it still can reach 112.60. But it has to overcome 2 resistants: 110.90 and 111.80.

So, no, I am no fortune teller and can't predict the future.
  • #1,099,709
  • Mar 27, 2017 2:41pm Mar 27, 2017 2:41pm
See you all tomorrow when the Euro digs its head out of its ass and decides to move more than 2 pips.
  • #1,099,710
  • Mar 27, 2017 2:43pm Mar 27, 2017 2:43pm
Quite an interesting Monday. Euro probably won't move too much until Asian open. Not even really sure what to think of today's movements....
  • #1,099,711
  • Mar 27, 2017 2:48pm Mar 27, 2017 2:48pm
It's constipated , ate a lot of SLs, ready to take a big long dump
  • #1,099,712
  • Mar 27, 2017 2:52pm Mar 27, 2017 2:52pm
Quoting Curren
It's constipated , ate a lot of SLs, ready to take a big long dump
Hmm.... BIG & LONG dumps are quite satisfying... if you get my drift - got short riding from 1.08725 lets see where it takes us
  • #1,099,713
  • Mar 27, 2017 2:56pm Mar 27, 2017 2:56pm
yep, it definatly made a good cleanout up there.
It will drop when the big guys close out on their longs.
I sold the top of todays move and will add on the way down, if it pulls...
you are not expected to understand this
  • #1,099,714
  • Mar 27, 2017 2:58pm Mar 27, 2017 2:58pm
closed @ be - not going anywhere
  • #1,099,715
  • Mar 27, 2017 2:59pm Mar 27, 2017 2:59pm
Quoting wukatrades
{quote} Hmm.... BIG & LONG dumps are quite satisfying... if you get my drift - got short riding from 1.08725 lets see where it takes us
Congrats , happy pips , well long dump with big juicy pips certainly is satisfying... as long as that gap is starring at you ... make no mistake about it
  • #1,099,716
  • Mar 27, 2017 3:19pm Mar 27, 2017 3:19pm
Quoting Curren
On 4H candle sticks there is a big obvious beautiful bearish harami pattern formation in the past 8 hours, this is a strong signal fir reversal to down side.Such Harami pattern sitting on top of MA200 is a strong reversal signal . So, be careful when going long
Hi Curren,

I understand that a true Harami requires a minimum of 13 candles after the gap (see Thomas Bulkowski - Encylopedia of Candle Charts); however there is certainly strong resistance around 1.08795 and the long wick on the daily candle indicates bullish exhaustion at that level... I also understand that it is common for the previous trend to continue following a period of consolidation after the Harami. Is it possible that we may see a small correction followed by bullish continuation?

awm
  • #1,099,717
  • Mar 27, 2017 3:26pm Mar 27, 2017 3:26pm
good evening,

just scalping: long @10863,4 sl -10
fortis fortuna adiuvat
  • #1,099,718
  • Mar 27, 2017 3:34pm Mar 27, 2017 3:34pm
Quoting deltaone
good evening, just scalping: long @10863,4 sl -10
out. +1
fortis fortuna adiuvat
  • #1,099,719
  • Mar 27, 2017 3:37pm Mar 27, 2017 3:37pm
Little over 40 pips scalping price action today, even though no big moves, still capitalized on 5/5 green trades. Great monday!
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  • #1,099,720
  • Mar 27, 2017 3:37pm Mar 27, 2017 3:37pm
Hi AWM,

i have been monitoring the FX markets for the past 15 years now , and managed to get enough database on various price actions and trends probability scenario correlation .. each circumstances in the FX trading is unique and back testing is usually do not result in 100% accuracy .. However , whenever you predict a certain outcome such as the one with bearish Harami, you must also get a confirmation with another 1-2 indicators such as MA or billingers or Fibs or RSI and so forth ... the catch is that you cannot conclude about any possible outcome unless you wait it out and monitor and sometimes test the market with a small Lott size just for the purpose gathering information ... having said that , to answer your question whether can this be a price correction after a strong bullish move , the answer yes of course ... but the bearish harami on top of MA 200 nullifies that hypothesis to a probability of zero ... which means correction is not on the cards ... it's a definite reversal to downward , benchmarking that with support and resistance levels with downward moving channel give you additional confirmation on reversal ... so what are the chances for continuation to upward trends , the chances are given only if there is a structural impact due to a major structural influence on the currency movement , I find them absent as of now ...
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