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Ata's Trend Hunter V3.6 All Time Return:
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DislikedH4 bullish engulfing suggests ABCD retracement, the wash and rinse of the previous lows adds credence to this view. 1.06 or thereabouts.Ignored
DislikedH4 bullish engulfing suggests ABCD retracement, the wash and rinse of the previous lows adds credence to this view. 1.06 or thereabouts.Ignored
Disliked{quote} Bulls should act quick to 0580 before any momentum fades more, a break below 0548 will make the price drop to 0500/20 if, not.Ignored
Disliked{quote} Traders should watch this bullish engulfing signal it may create a reversal, it is not just a retracement, it's an opportunity to buy. Although I am watching for the us news that will be critical for this pattern, I'll wait for an explosion!Ignored
Disliked{quote} We have bearish engulfing D1 and bullish engulfing H4. So, on the H1 chart, we should have ABCD up to 1.06 let's say, next move would be a second leg of the ABCD H4 down to 1.04 based on D1. 1.0539 is 61.8 support of the whole swing so a bounce is justified, at the same time we have break of upward channel on D1. In my mind everything fits and atm is mostly bearish. Thank you and good luck to you.Ignored
Disliked{quote} Thanks, you are welcome! I agree the bigger image is bearish yet, November will be an interesting month from next week.Ignored
Disliked{quote} Yes, I believe that we stay at the current price level waiting for news about Core PCE Price Index Don't you think that yesterday's Advance GDP Price Index rise could be a clue for the mentioned data? Also previous Revised UoM Consumer Sentiment was above forecast, people are ordering more goods, so this data could also be positive for USD. Do you think that this predictions could drag EUR to 1.05 and lower? {image} {image} {image}Ignored
Disliked{quote} Fx is a fast changing game and that is why one must reassess quite often to stay profitable. {quote} The problem with these data releases is that they generate movement caused by things that are not always clear: 1- Impact of the data in investors decisions 2- Perception of investors 3- Anticipation of monetary policy 4- Algos Long story short, I am looking for a move to 1.06 and maybe a bit more short term. I like how you are keeping close eye on the 10 yr and DXY. I hope it helps.Ignored
Disliked{quote} Thanks Pedro, I am with you and with a general bearish bias. If the price will get to 1.06 it would be also a good spot to short in case of a potential transition of downtrend into range (we will be at the upper band of range if I see it correctly)Ignored
DislikedIt seems that today it reached the bearish limit... In synchronization, the price closed the H4 candle at the top of the blue line channel and at the main support of the green line, I added more small purchase limits in the region, I am confident of the rise at least until the end of this year... {image}Ignored
DislikedThe market opened in confusion between bear and bull watching m1...lolIgnored