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EURUSD

  • #1,115,541
  • Edited 4:19am Jun 9, 2017 3:40am | Edited 4:19am
The EUR/USD pair for sold off during the day on Thursday after the markets had too much in the way of headline risk to feel comfortable shorting the US dollar. Alternately though, it looks as if the 1.12 level area is starting to offer support again, so I believe its only a matter of time before the buyers get involved. Unger term, I still expect the market to try to reach towards the 1.15 level which was the top of the recent consolidation area that has spanned over 3 years, as it is too simple of a target to ignore. I believe dips continue to offer buying opportunities, and by the time its all said and done thats all Thursday will be. Expect volatility, but I certainly believe the buyers will return sooner rather than later.
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  • #1,115,542
  • Jun 9, 2017 3:42am Jun 9, 2017 3:42am
Quoting Connors
{quote} 1.11697 remember the number?
Hehe Yes buddy.
Nice :-)

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,115,543
  • Jun 9, 2017 3:44am Jun 9, 2017 3:44am
Quoting Connors
{quote} 1.11697 remember the number?
That was so short. I couldn't even open the trade :-/

It's okay
Long day ahead.

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,115,544
  • Jun 9, 2017 3:46am Jun 9, 2017 3:46am
that was quick 20 pips up and down.....
trading is simple but is simple is not easy.
  • #1,115,545
  • Jun 9, 2017 3:49am Jun 9, 2017 3:49am
Quoting fundiwambao
{quote} {image} .
Alot of wicked shake-outs but finally the train is arriving at the station

A couple of bounces here then the LONG train takes off

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.
  • #1,115,546
  • Jun 9, 2017 3:56am Jun 9, 2017 3:56am
Euro is going on important levels.
I dont write much, I prove with results
  • #1,115,547
  • Jun 9, 2017 3:59am Jun 9, 2017 3:59am
This is your captain speaking please prepare for take off. Put your seat backs and tray tables in the upright position.
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Founder of Sutherland Wave Principle
  • #1,115,548
  • Jun 9, 2017 4:00am Jun 9, 2017 4:00am
Quoting forexings
{quote} You have seriously lack of experience. Just listen... I am reminding you the bet against Brexit, only that time big money came to the market that drove more than 500 pips in GBPUSD for nothing and they got their lesson. You think they wanted to repeat same mistake? no way There was no movement before the election. The 300 pips you were talking about was when market found the trend of election result and that comes out true.
Quoting OnlineAddict
{quote} You must mean different brexit then...because during the brexit I remember, big money spiked the price above 1.50 to dump it for few thousand pips. The PA couldn't have been more obvious by the time. My experience is 5 years trading for a living, every day.
very soon you guys will become best of buddies ahahaha
  • #1,115,549
  • Jun 9, 2017 4:03am Jun 9, 2017 4:03am
Broke the "my" support zone (1.1212 down to 1.1197), retested and it seems way down we go , looming for the 1.1110 handle.

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  • #1,115,550
  • Jun 9, 2017 4:03am Jun 9, 2017 4:03am
Nowotni: It's a dilemma. If Eur goes up, it will harm the following CPI. The bad cpi will make it less possible to quit QE and hike the rate......EU needs to find the new balance instead of sentimentally going up.
  • #1,115,551
  • Jun 9, 2017 4:09am Jun 9, 2017 4:09am
Quoting Jonstaples
Broke the "my" support zone (1.1212 down to 1.1197), retested and it seems way down we go , looming for the 1.1110 handle. {image}
Nice target, Jon. GL!
(I would set target at 1.1115, the Monthly_Pivot, to prevent a bounce there wich can miss your target hit)
Member
  • #1,115,552
  • Jun 9, 2017 4:13am Jun 9, 2017 4:13am
Quoting Connors
{quote} Shut up both of you! I will suspend anyone who is running a short right now. You are warned.
  • #1,115,553
  • Jun 9, 2017 4:14am Jun 9, 2017 4:14am
Quoting Connors
{quote} Shut up both of you! I will suspend anyone who is running a short right now. You are warned.
ok, take it easy bully, bully!
Member
  • #1,115,554
  • Jun 9, 2017 4:15am Jun 9, 2017 4:15am
News: May does not want to step down ...
  • #1,115,555
  • Jun 9, 2017 4:19am Jun 9, 2017 4:19am
Quoting Connors
{quote} Shut up both of you! I will suspend anyone who is running a short right now. You are warned.
The whole FX community offers its best cow/bull to your kindness. Please do not be mad at us.

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No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,115,556
  • Jun 9, 2017 4:23am Jun 9, 2017 4:23am
Quoting Connors
{quote} Shut up both of you! I will suspend anyone who is running a short right now. You are warned.


Fundamentals are bearish as Euro as adjusted their inflationary expectations. Lower inflation means lower interest rates for longer. Lower interest rates means weaker currency.

Market profile looks very bearish (UJ and USD Index looked bullish hence USD strength) They took it up in the low volume period to test the POC high volume area. Expect it to sell off coming into the high volume period.

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The section in the purple box is called an Order Book sweep where they take out the stops of all the weak handed players above and below the market. (Green and Blue lines are where buyers and sellers will have their stops)
As we come back up to the highs you will notice that Value (the blue line) in collapsing. My sell entry was at 1.12150.
There is also the bad German numbers that had just come out supporting the sell

Number bars show it was a withdrawel of liquidity on the move up with all the volume stuck at the top of the bar. Safer entry is to sell away from that volume.
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Boxing clever since 76.
  • #1,115,557
  • Jun 9, 2017 4:23am Jun 9, 2017 4:23am
Quoting chnp
News: May does not want to step down ...
I don't think anybody expects the opposite. Hopefully, she has learned from her mistakes.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,115,558
  • Jun 9, 2017 4:25am Jun 9, 2017 4:25am
Quoting beejay
{quote} {quote} very soon you guys will become best of buddies ahahaha
beejay now you tell me what to say to this arrogant kid. He says big money invested to pump pound in order to sell as if they knew UK will vote for brexit.
All we know it was a great surprise to all of us, even Soros lost a big money on it: https://www.bloomberg.com/news/artic...says-spokesman


Quoting OnlineAddict
{quote} You must mean different brexit then...because during the brexit I remember, big money spiked the price above 1.50 to dump it for few thousand pips. The PA couldn't have been more obvious by the time. My experience is 5 years trading for a living, every day.
This is last warning for you
You cannot learn better without losing
  • #1,115,559
  • Jun 9, 2017 4:27am Jun 9, 2017 4:27am
Quoting NotAtrader
{quote} I don't think anybody expects the opposite. Hopefully, she has learned from her mistakes.
Quoting chnp
News: May does not want to step down ...
...exactly
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Member
  • #1,115,560
  • Jun 9, 2017 4:30am Jun 9, 2017 4:30am
Quoting Connors
{quote} Gents, on another note. I recently watched a documentary "cowspiracy". I strongly suggest you take a look at that when you have the time. I am seriously considering to become a vegan. Dont like pork or beef much anyway, after the wedding and honeymoon will focus on changing my life style.
Being a vegan is very demanding mate. I have a friend vegan. He became a vega about a year and a half ago. He was about to give up, but still holds on.

I remember him complaining almost all the time how hard this is and how hungry he is constantly.
I haven't seen him for a while now. Hope he is still alive

Good luck with that if you decide so.
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