EUR/USD

lengkai posted:
typo 'Couldn't see you account open position but saw you top up 500USD yesterday to your account and your equity growth dip to 0% hopefully you really made it and not hoping losses and force to top up to hold those losing position.'

Couldn't see **your** account open position but saw you top up 500USD yesterday to your account and your equity growth dip to 0% hopefully you really made it and not **holding** losses and force to top up to hold those losing position.

Watch what happens next week.

lengkai posted:

I made it.
@richfxtrader100 Not sure if you made it or not. I'm a new trader in forex, I bring in my trading principle from my HKEX warrant firm. We never trade pre-news. Never have open position pre news and post news. Always believe in the concept of rather missed out on opportunity than trading something we have no power control over. Can feel free to check out my account from 11.11.2015 onwards which mark the point where I start back my forex trading. Couldn't see you account open position but saw you top up 500USD yesterday to your account and your equity growth dip to 0% hopefully you really made it and not hoping losses and force to top up to hold those losing position.
As you can see, I'm not hiding anything except my open positions. (If people want to copy my trades, they need to pay). Theye are several people that hide almost all of their trade information (why?) I am simply showing that my methods for trading work and are realistic. The truth of the matter is that large drawdowns do happen occasionally, even to the best traders. That has no bearing on the bottom line fact of whether the account is profitable or not. Either you make profits or you lose them.

Interesting month already.

On Friday session the single currency recorded a slight decline against the dollar on Friday and lost 63 pips. The session started at a price of 1.0937. The data on unemployment in US for November was crucial. The price bounced back, but at the end of the session the pair ended in red at a price of 1.0874.

The EURUSD had a bullish momentum last week topped at 1.0980 but closed a little bit lower at 1.0876. The bias is neutral in nearest term but as you can see on my H1 chart below we have a bullish flag formation suggests a bullish scenario especially if price able to break break above the flag and 1.0925/50 resistance targeting 1.1050. My major technical outlook remains neutral but as long as stays above 1.0800 I prefer a bullish intraday scenario at this phase.

On Friday session the EURUSD initially rose but found enough resistance above the 50-day moving average to turn around and closed in the red near, in the middle of the daily range also closing within previous day range, suggesting that the pair turn into a consolidation mode and maybe topped out.

The 50-day moving average is pushing the currency down acting as a strong resistance.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1078 (resistance), the 50-day moving average at 1.0931 (resistance), 1.0900 (resistance) and 1.0819 (support).

Downside correction continues, the pair is slowly approaching 1.0800 level. However Eur/Usd can still swing both sides, on the upside Eur/Usd could re-test 1.0900 resistance level.

normally the pair should be on its way to around 1.16 or .18, the reversal is already starded,i mean on the long run ,there will be several stations until there,just hit the .68 retracement,next target 1.1113 once it passed 1.09

csc2009 posted:
Downside correction continues, the pair is slowly approaching 1.0800 level. However Eur/Usd can still swing both sides, on the upside Eur/Usd could re-test 1.0900 resistance level.

I completely Agree with you after the spike the movement will be slow, I will wait for confirmation to break 1.0800 before opening a position.

The pair formed a doji candlestick on the four-hour time-frame above the support at 1.0800, so we might see another move to the upside towards 1.0900.

victoriajensen posted:
 The pair formed a doji candlestick on the four-hour time-frame above the support at 1.0800, so we might see another move to the upside towards 1.0900.

Good to know that, I will keep an eye on it, thank you.

I havent seen this befor USDSEK

Spackelspade posted:
I havent seen this befor USDSEK

The EURUSD stays at current highs, but the 1.1000 level could prove difficult to break, it is more likely to drop below the 1.0800 level.

I agree with you Alex... 15-16 dec. will be Key

The single currency recorded a modest decline against the dollar on Monday, losing 37 pips. The pair recorded a volatile session and managed to break through the first support at 1.0854. The graphics continues to develop over moving averages, while the relative strength index remained in neutral territory. If the bearish trend continues, the pair will try to break the next support at 1.0676.

Yesterday the EURUSD fell with a narrow range and close in the middle of the daily range but below the previous day range, suggesting a mildly bearish to a ranging tone.

Yesterday the pair held the daily support at 1.0819 and a close above the 50-day moving average would set the bullish tone for the next days.

The key levels to watch are the 1.1097 (resistance), a 200-day moving average at 1.1078 (resistance), the 50-day moving average at 1.0902 (resistance), 1.0900 (resistance) and 1.0819 (support).

The pair has been consolidating all day but I noticed that it also formed a hammer candlestick above the support at 1.0800 on the daily time-frame which is another indication that we should probably expect a move to the upside towards 1.0900.

EUR/USD rebounded from yesterday low and failed to break 1.0800 now it is testing resistance level 1.0900 still I dont see an appropriate entry point. until price close over 1.0900 or under 1.0800