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Thread: EURUSD

  1. #19606
    fx calculator is offline Member
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    Quote Originally Posted by fx calculator View Post
    Tik tok, this will be long term trade , first long entry at 107,50 plus minus few pips.... then mayby another entry, but stop hard. Im playing swing trades long term. Scalps are not profitable for me as long term trades. That is why people must have MM for it. Otherwise they will be burned.

    GL/GT Calc.
    went short eur/jpy at 107,52 stop 111,50 tp open

    GL/GT Calc.

  2. #19607
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    5th Wave ???

    Quote Originally Posted by brianborn1968 View Post
    Your chart shows that the longer term impulse wave was completed, but I do not think it has just yet so I do not see an impulse wave coming to the downside. I think we should be drifting upwards the rest of day unless some big news comes out that changes things.
    I didn't have time to post my chart yesterday, but doing a follow up this morning with an updated chart of my view. Let's see how it plays out.
    รูป รูป  
    Brian
    -Good things come to those who are persistent.

  3. #19608
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    Quote Originally Posted by JakeBenjamin View Post
    Above is a Euro 4 hour chart..

    A few indications showing that Euro is going to retrace next week.

    1. It looks like we have completed Wave 4, and are now in the process of carving out wave 5.

    2. As is always with Wave 5, we can see Bearish divergence forming on RSI.

    This looks like a very nice high probability trade to me..

    Any opinions from the experts here?
    We have the same view here and I'm hoping that this uptrend continues through the day and a drop doesn't come until the start of next week. My only reason is that I will not be around later today.

    Disclaimer: this is not an experts opinion, only a part-timer.
    Brian
    -Good things come to those who are persistent.

  4. #19609
    fx calculator is offline Member
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    placing order to go short euro at 1,3075, is month end so price can be volatile and i dont want to miss it if we get there.

    GL/GT Calc.

  5. #19610
    Joke's Avatar
    Joke is offline Member
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    Good day for scalpers, long, short, long and now again short

  6. #19611
    Skyrant is offline Member
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    Printing lower every attempt, last one 1.30048. Holing on to my short, TS:1.30180 looks like will break the 1.30 today. There is some risk here though that the bears run out of steam and we will see it rally to 1.34 in record time.

    Good luck.

  7. #19612
    Joke's Avatar
    Joke is offline Member
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    Everybody on vacation or relax

    There is enough volatility to trade. 1.2974 is daily pivot point

  8. #19613
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    Quote Originally Posted by enslinforex View Post
    Just past breach of double tops on October - I had a trailing stop of 1 pip (should have been 10 pips but finger error...) Lucky at the end.

    I'm not overly confident about this break though... Will have to wait and see if it stays above 1.3000

    What do you think?
    Good luck I am done for the day, not chasing anything. Ending the week good .

  9. #19614
    lukes8 is offline Member
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    Toptradr name
    Lukes8
    Would love to see a close below 2905, i think it's impossible though

  10. #19615
    pc not's Avatar
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    Quote Originally Posted by Skyrant View Post
    Printing lower every attempt, last one 1.30048. Holing on to my short, TS:1.30180 looks like will break the 1.30 today. There is some risk here though that the bears run out of steam and we will see it rally to 1.34 in record time.

    Good luck.
    there may be a short term up t/l from 12881 past 129470 just servived test at 129926 so maybe small run up not dead yet.
    3 stages of Truth, 1 ridicule. 2 violent opposition. 3 acceptance as being self-evident.

  11. #19616
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    Retail positioning remains short nearly 2:1 - http://fxtrade.oanda.com/analysis/open-position-ratios - and trend is up so i favour new highs.

    However, there is strong weekly resistance at 13053 - around todays R2 level - and a confluence of 1 and 4h resistances over today. I like a sell at this level, with a 1st target the retest of broken resistance around 13017 (T9 on the 4H chart below). If this does play out I think we have just made a i of 5 wave with an acceleration up next week (given positioning). It could, however, also be the full 5th wave and we could be preparing for a bigger correction. Either way, I'd expect an eventual retrace of at least 50% of this week's triangle, which would lead back to around today's pivot level at 12965-70.

    We are getting RSI and MACD divergence on the 1H and 4H charts, so i wouln't count out an eventual deeper correction below yesterday's ~12950 low:

    weekly:
    Name:  EUR weekly.jpg
Views: 422
Size:  222.8 KB

    4H:
    Name:  EUR 4H.jpg
Views: 382
Size:  246.6 KB

    1H:
    Name:  1H.jpg
Views: 394
Size:  206.4 KB

    GL

  12. #19617
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    arrows were a bit misleading on the 4H, some alternative scenarios:

    Name:  EUR 4H.jpg
Views: 400
Size:  247.4 KB

    Also, R2 held the rally yesterday so it would be a logical place again today.

  13. #19618
    Gpalstrader is offline Member
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    Long EUR/USD 1.3002 STOP 1.2987 TARGET 1.3026
    Volume is the soul of price.


  14. #19619
    Andie is offline Member
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    Quote Originally Posted by pc not View Post
    What chart platform do you use
    I use the dailyfx power chart. I will try a little later and see what happens.

  15. #19620
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    Resistance

    1.3009 is resistance R1 for today, when we brake again push up

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