Trading EURUSD only

Quoting hamidmsz

Greetings all ... special for steve.... introduce my name is hamid from Indonesia ... I am a new trader ... This time is a difficult time to learn ... I do not know from where should I start to learn ... I am still learning to draw TL and find S / R ... and I do not know the next step ... I really need help from you guys ... please ....
This is the example I draw TL ... is this correct???
oh ya.. sorry about my language .... hehehe
Attachment 1080655

Quoting alam88009

Hello Hamid nice to have indonesian people in here cause I am from indonesian

Quoting 4xPIPAHOLIC

My long term positions are still positive(I am short) but the little that I traded the last 2 weeks short term I also had mixed results....
I am not on the ball....lately....

Quoting 4xPIPAHOLIC

On your charts you have some TL and some support and resistance lines....some of them are correct and some of them are not.....
Most look OK......you will have to follow and learn.....

TL's are discretionary so 2 traders TL's might not be exact.......but you are on the right track....

Look at Steve's charts......(I know they might be overwhelming in the beginning.....but do not give up....) his trendlines are amazing,
and very correct....look at the shorter term ones....to start of with......after 1 month you should feel more comfortable........

Quoting hamidmsz

owh.... TY mr.4xPIPAHOLIC
i try to draw TL like mr.steve.... thats a lot of lines ... some of them i understand and some of them i dont understand....
but i will keep up and keep learning....

Quoting 4xPIPAHOLIC

My friend.....you do not have to do so many trend lines.....you can start with something basic and evolve from there comfortably.....

Just the basic ones......soon you will be seeing them everywhere......it will become second nature....

Here is an example.....

Quoting hamidmsz

TY sir.... and how about TF ?? we should focus on one or more TF sir??

Quoting 4xPIPAHOLIC

TF......depends on your system.....I use longer time frames (4h-1D) for direction....and 15min to refine my entries....

But that is totally up to the system and the trader....others use 1m.....

Quoting 4xPIPAHOLIC

My friend.....you do not have to do so many trend lines to start off with.....you can start with something basic and evolve from there comfortably.....

Just the basic ones......soon you will be seeing them everywhere......it will become second nature....

Here is an example.....

Quoting luckyl

my first trade of the day is long @ 2768 , SL 2753 , TP1 (50%) 2795 TP2 2815

reasons: overnight-built bottom at pivot-point 2767
Triangular consolidation with
H1 upwardschannel's lower TL hit by just now
23.2 Fibonacci of recent upmove reached

reasons against it: maybe just a false breakout out of H4 / D1 downchannel, yet it's next importatn fibonacci (on my chart hehe ) will be @ 2800, which is beyond my TP1 --> taking special attention on that one!

Attachment 1080814

(didn't blank account-details...

Quoting mok1one

Good morning.

I remain bullish today. Target 2844. Reason? IMO Bullish pennant on tf 1,5,15,30,1H that is resting on inverted H&S neckline. H&S weight 79 pips, so targeting the area 40-50. Also matches with %100 fibextension drawn from 2717(l)-2801(h)-2760(pb).

TY and i wish you all a succesful trading day

15MIN Chart

Quoting mok1one

Good morning.

I remain bullish today. Target 2844. Reason? IMO Bullish pennant on tf 1,5,15,30,1H that is resting on inverted H&S neckline. H&S weight 79 pips, so targeting the area 40-50. Also matches with %100 fibextension drawn from 2717(l)-2801(h)-2760(pb).

TY and i wish you all a succesful trading day

15MIN Chart

Quoting SemperOorah

Broke to the downside . No target in mind yet, but I will be watching PA for how long it will continue.




I too think we are destined for some good upside in the near future. However IMO this has been looking quite overbought and in need of a pullback. I think you're too soon, but hey we gotta stick to our own plans right? Good luck (but only when I close my short haha)