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  • #1,101,021
  • Mar 31, 2017 6:12am Mar 31, 2017 6:12am
EU can't go down forever. 4hr is already rejecting piercing bollinger lower band. EU bulls will be back next week, I bet you. It's too late for counter-attack, it's weekend
Make all mistakes in demo and rain in pips in live account
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  • #1,101,022
  • Mar 31, 2017 6:44am Mar 31, 2017 6:44am
I think from a fundamental perspective the downfall of the EU is becoming more likely and Junker keeps hinting at the fact they are very worried. His statement that Trump should stop praising Britain for leaving in case the other members follow suit is a very clear indication that something is going wrong. He said there would be war again if the EU dismantles. I guess this clashes with Trumps wish for the dollar to weaken against the euro. Just my opinion, will be like the Arab spring if France get the ball rolling and we'll go past parity and beyond. All speculation. Peace
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,023
  • Mar 31, 2017 6:48am Mar 31, 2017 6:48am
Quoting 9jatrader
EU can't go down forever. 4hr is already rejecting piercing bollinger lower band. EU bulls will be back next week, I bet you. It's too late for counter-attack, it's weekend
In November 2016 it did pretty much fall like 700 pips without a noticible retrace so we could fall a lot more especially if it's the politics driving it now which I think it will
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,024
  • Mar 31, 2017 6:51am Mar 31, 2017 6:51am
Quoting Tekkonkira
{quote} In November 2016 it did pretty much fall like 700 pips without a noticible retrace so we could fall a lot more especially if it's the politics driving it now which I think it will
There was one retrace of 100 pips actually but the chances of catching the 100 pip retrace in a 700 downwards move is too difficult for my limited cranium
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,025
  • Mar 31, 2017 6:54am Mar 31, 2017 6:54am
Quoting Tekkonkira
{quote} In November 2016 it did pretty much fall like 700 pips without a noticible retrace so we could fall a lot more especially if it's the politics driving it now which I think it will
And yet not forever. The downtrend is nothing but reaction to fundamentals. Longer term setup overrules short term reactions
Make all mistakes in demo and rain in pips in live account
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  • #1,101,026
  • Mar 31, 2017 6:58am Mar 31, 2017 6:58am
so should i say it will going up next week??even if all news in EU are bad?
  • #1,101,027
  • Mar 31, 2017 7:20am Mar 31, 2017 7:20am
Quoting 9jatrader
{quote} And yet not forever. The downtrend is nothing but reaction to fundamentals. Longer term setup overrules short term reactions
Yes I understand but if you look at the weekly it looks like there has been a long term downtrend and this uptrend we have just come out from was maybe just a correction in the even larger picture. Who knows I'm probably wrong
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,028
  • Mar 31, 2017 7:24am Mar 31, 2017 7:24am
Quoting louieevans
so should i say it will going up next week??even if all news in EU are bad?
The fundamentals right now just would allow the euro to keep rising like it has thus far this year. This bad news coincides nicely with where price could continue on the very long term downward trend. People say we're correcting now but maybe we're coming out of the correction you dig me. You can't tell so I guess it's all about watching that PA
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,029
  • Mar 31, 2017 7:26am Mar 31, 2017 7:26am
Another thing that gets me thinking is the fact that Trump wants a weaker dollar but the whole establishment want him to be a failure and therefore I don't think it is so far fetched that big money might try to strengthen the dollar essentially fucking up what Trump has planned for the country and therefore not allowing his re-election
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,030
  • Mar 31, 2017 7:28am Mar 31, 2017 7:28am
Quoting Tekkonkira
{quote} Yes I understand but if you look at the weekly it looks like there has been a long term downtrend and this uptrend we have just come out from was maybe just a correction in the even larger picture. Who knows I'm probably wrong
Here is the weekly. It has been bullish from psychological strong support, weekly and monthly
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1h.png Size: 50 KB
Make all mistakes in demo and rain in pips in live account
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  • #1,101,031
  • Mar 31, 2017 7:29am Mar 31, 2017 7:29am
Quoting 9jatrader
{quote} Here is the weekly. It has been bullish from psychological strong support, weekly and monthly {image}
Ok fair enough mate. I'm learning so thanks
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,032
  • Mar 31, 2017 7:32am Mar 31, 2017 7:32am
Quoting Tekkonkira
{quote} Ok fair enough mate. I'm learning so thanks
I recommend studying time-volume.
  • #1,101,033
  • Mar 31, 2017 7:33am Mar 31, 2017 7:33am
Here is the monthly, too strong to be ignored. As you already know, it takes longer time for longer time frame trade setup.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-mn1v.png Size: 44 KB
Make all mistakes in demo and rain in pips in live account
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  • #1,101,034
  • Mar 31, 2017 7:33am Mar 31, 2017 7:33am
i'm surprised 700 didnt even get retested today
  • #1,101,035
  • Edited 7:47am Mar 31, 2017 7:36am | Edited 7:47am
Quoting whateveridon
{quote} I recommend studying time-volume.
Thanks, Is that something I can learn on the internet? What is it? Is this the volume indicator?

Sorry for the questions I think you collectively have a lot I can learn from so I'm milking the cow
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,101,036
  • Mar 31, 2017 7:39am Mar 31, 2017 7:39am
Quoting hilmy83
i'm surprised 700 didnt even get retested today
B/C you were closed your position at that price and I still keep holding mine lol !!!

  • #1,101,037
  • Mar 31, 2017 7:41am Mar 31, 2017 7:41am
Quoting Angelina
Who short at the retrace @ 1.078xx-1.079xx still have profit for today. All SL must be at 1.0725 (Trailing stop should be set also) I think it will make new low to day also! Good luck!
As I said yesterday, I am looking for shorts as long as EMA stay crossed to the downside on H1.
Before sleep yesterday I shorted with SL at 1.0715, I didnt want to be out of the bear train. Leverage 1:2
Today when I woke up, I saw the lovely situation I was waiting for, the pullback to EMA20, then shorted again. 1:2
And shorted again a few minutes ago near to the EMA20, leverage 1:2

This is the current situation... I am risking less than 1% with these three trades.
So now, lets wait and see. Hopefully 1.0640 today or lower.
Good luck to you all.
Attached Image (click to enlarge)
Click to Enlarge Name: st.jpg Size: 198 KB
  • #1,101,038
  • Mar 31, 2017 7:43am Mar 31, 2017 7:43am
Quoting TudorIoan
{quote} You're right about Germany. But the main issue these days is the eurozone inflation. Spain and Germany printed bad numbers yesterday, therefore the Euro inflation estiamations for today looks bad. Unemployment is also important, but is slightly overshadowed in the current context ...imo. But right now it looks like we're gonna have a (positive)correction after all ...1.0700 a possible top ...we'll...
Great post, agreed. The only thing I will add is that dont forget ECB does not hold the mandate to control employment. Only inflation. FED mandated to control both, but for ECB inflation is the key.
  • #1,101,039
  • Mar 31, 2017 7:51am Mar 31, 2017 7:51am
Does the EU need a weaker currency more than the US does at this point? With bad inflation numbers I am thinking so.
forex forex forex
  • #1,101,040
  • Edited 8:05am Mar 31, 2017 7:53am | Edited 8:05am
Current prices kiss them good buy, there is a gap around 1.21950 which need to be filled

Topped up more buys , it's Friday folks , expect the unexpected

on Euro is its all about margin squeeze , its all about squeezing the hell out of it in order to give it a great bull run

on Monthly we are at the great support level and on daily we are just touching on the ascending channel , that's what I am talking about
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