im bearish the eur but its always good to have a counter view, right
macd histogram is showing higher bars. if it continues price may just break up possibly for a strong move up as a 3rd wave, maybe?????? SSI still net short the pair and CFTC report are still heavily short too.
im bearish the eur but its always good to have a counter view, right
macd histogram is showing higher bars. if it continues price may just break up possibly for a strong move up as a 3rd wave, maybe?????? SSI still net short the pair and CFTC report are still heavily short too.
I am generally bullish this pair - I am following similar longer term counts. I am just waiting for the next leg down to make it safer to climb aboard.
EURO on its dual 3278 dual supp and a very imp one.
only 30 mins giving an extended play into 3301-03.. all the rest calling for a drop from around 3277-82..
IF the 3280 area holds out would be looking for a 3177-82 play min..
USD has managed to hold 9825 and broken higher to 9841 clean. Expected move up on 30 mins is to 9862 but on the bigger time frame and esp on 4 hrs could hit 9910 from here onwards..
DJ seems to be ready for a move lower as well...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
The dollar is under enormous pressure and will plunge to new lows over the next couple of weeks.
The reason is that we experience now a unique combination of low inflation, low interest rates and high commodities. This has never happened in history before and will significantly impact current accounts worldwide and make dollar recycling into treasuries impossible.
Heinrich
Originally Posted by DailyFX Analyst
In our weekly trade or fade we argue that this week may see a rebound in the dollar if for nothing else then for technical reasons alone. The currency is grossly oversold with sentiment widely bearish and in these type of instances even a small upside surprise could trigger a powerful move.
Today we have Consumer Sentiment and Existing Home Sales. If we get better than expected results we may see a test of the 1.3500 figure as shorts try to push the pair lower and probe for the many stops scattered at that level.
Another peak for me to short - fading in from 1.3270. What a merry Waltz!
MyWave count now at 13 - I am expecting a hole to open up following this wave and for the rewards to be a little more appetizing.
Good luck everyone.
yesterday i missed the short on euro from 3279-82 i was hoping to nail but shorted it 3241 for quickies and was long 3210 yesterday upto exactly 3241 where my shorts kicked in.. was dull fun on euro, but the fun was on gu and whats even better is that i got to take some profits on my stale gu shorts taken on Friday from 6220 and 6249...
currently short 6300 on gu, short eu 3274, short DJ 13230 and keeping a close eye on this one till can take some profit on it.. had been selling DJ into 13240 and been going good. now the price is below my wedge base and feeling a lil hold on to this and showing patience might yield a 10+ pipper on this one if the vol can notch an inch higher...
ALL in all, it could be a thin vol today and hence I be skeptical of any whipsaw move or what we rather call it stops hunting....
anyways will be active a short while to wrap most trades up and leave skeletons for a ride to see if i can spook the mkt or would the joke be on me........... WOOOOHOOOO HAAAAAHAAAAAAAAA........... just feeling kinda stupid today......... I miss them days where an avg move on euro would be a 200-240 pips an avg and gu would do a 300 meter run up north, then detour a 200 pips b4 nudging new highs, only to throw a sucker punch at new low before saying it sayonara and heading for next gig............. I truly miss them days..........
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
I am generally bullish this pair - I am following similar longer term counts. I am just waiting for the next leg down to make it safer to climb aboard.
I feel the same, that USD would eventually turn weaker. Using 3280 as a median here and whether with shorts or the longs if this lvl breaks I be keeping stops tight..
As for today tomorrow like to be short under 3280 and long above to it..
Trading would have been fun on full volume where breaks actually goes the distance and maintain direction...
I gotta chop some off and about to hit the road.........
Laterzzzz.....
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
yesterday i missed the short on euro from 3279-82 i was hoping to nail but shorted it 3241 for quickies and was long 3210 yesterday upto exactly 3241 where my shorts kicked in.. was dull fun on euro, but the fun was on gu and whats even better is that i got to take some profits on my stale gu shorts taken on Friday from 6220 and 6249...
currently short 6300 on gu, short eu 3274, short DJ 13230 and keeping a close eye on this one till can take some profit on it.. had been selling DJ into 13240 and been going good. now the price is below my wedge base and feeling a lil hold on to this and showing patience might yield a 10+ pipper on this one if the vol can notch an inch higher...
ALL in all, it could be a thin vol today and hence I be skeptical of any whipsaw move or what we rather call it stops hunting....
anyways will be active a short while to wrap most trades up and leave skeletons for a ride to see if i can spook the mkt or would the joke be on me........... WOOOOHOOOO HAAAAAHAAAAAAAAA........... just feeling kinda stupid today......... I miss them days where an avg move on euro would be a 200-240 pips an avg and gu would do a 300 meter run up north, then detour a 200 pips b4 nudging new highs, only to throw a sucker punch at new low before saying it sayonara and heading for next gig............. I truly miss them days..........
GL...
You been busy Stryker - I feel like I am trading with just half a quota at the moment as I have refused to go long and have to keep waiting around for shorting opportunities. I have started building up my charts for other asset classes but not confident enough to play like I do with the EURUSD. 200 pips on the EUR - now come on!!
new game plan this time shorts around 3268
"stop" actually i am not using stops this time around for short time because if it rises i want to short more so no shorts but my mental stops are above 1.3325 for any thing "unexpected" happens
i will be looking to take some profit around 3225-30 to make this trade safe
chart attached so you can visualize my game plan
good luck use leverage wisely!
another reason to go short is there was no 15 min or hourly close above 1.3272 and on 15min TF the prices tried 6 (six) times to close above 3272 but failed and to me its weakness and that was the weakness what i was talking about to short
thank you!
As suggested on Weekend and on Monday, USD has managed to rallied up and is showing a classical counter move on rejection to the downside.However I have noticed on occasions as such we normally have a big news event rt around the corner, for now the ADP and the NFP and while like to hold on to the rejection view and to go with the flow, one has to be skeptical on not putting all the eggs in the same basket for it could be a bumpy ride ahead..
Nevertheless; spotting a pattern play here and expecting USD to hit 9910 and eventually breaking higher on the current playout..
Time will tell....................
Till then this 2 hrs to feast upon... 9863 is expected imp lvl on USD for now........... A break and one should be ready for a 9910 or around play..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Well here is an example on the price rejection and the strong counter moves and how they pan out..
this is the same 30 mins I did yesterday when stated that 9825 to 9866-72 play is in effect.. while that 9972 has been lowered down to 9963 on bigger time frame, 30 mins here shows a break out of the channel is done which once again signaling a bullish drive on the USD...
9963-66 clean break and I think we should be under no assumption that this can turn around and head lower, rather be expecting a 9910 or close to it on a tech play..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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Originally Posted by jogold18 
