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MXT Feb 16, 2019 10:28am | Post# 78501

{quote} What is bankers bar? What do you mean by that?
it quite likely refers to the weekly chart

knownothing Feb 16, 2019 2:07pm | Post# 78502

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some thoughts

EUR/USD 1st target 1320 at London opening, might go higher 1356- later down

USD down towards 9600
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Noor16 Feb 16, 2019 2:30pm | Post# 78503

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EUR/USD Next H4
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bigiivan Feb 16, 2019 2:38pm | Post# 78504

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Expecting a bullish week.
Up move continue on Monday.
Euro is oversold on montly.
The Stochastic has already started climbing on weekly.
And there is a MACD divergence on H4.
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No matter if the price is going to broke 1,1215 or not, the direction is UP. At least till 1,157 ... 1,1814 ...

Just my thoughts.

Hutch Feb 16, 2019 3:34pm | Post# 78505

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After a dead cat bounce at the beginning of the month it looks like the EUR is going down the tube.
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RickM Feb 16, 2019 5:50pm | Post# 78506

{quote} What is bankers bar? What do you mean by that?
Hi Techanalyst

I am talking about previous history of hundreds of millions of dollars of orders being opened or closed at this point in October and November last year. It is the opening and closing point of the Bankers Candle ( Monthly Candles ).
I trade into these zones myself as a strategy like many hundreds of other traders. If you need prove that the price is FORCED to move to these zones, guess where my TAKE PROFIT was from a SELL I had on this pair last week. I did not show something on that chart.

See that spike down at the structural low, guess where it when too.

BANKERS BAR CLOSE OF THE OCTOBER 2016 CHART - It hit the zone by ONE pip.

Techanalyst Feb 16, 2019 8:07pm | Post# 78507

{quote} Hi Techanalyst I am talking about previous history of hundreds of millions of dollars of orders being opened or closed at this point in October and November last year. It is the opening and closing point of the Bankers Candle ( Monthly Candles ). I trade into these zones myself as a strategy like many hundreds of other traders. If you need prove that the price is FORCED to move to these zones, guess where my TAKE PROFIT was from a SELL I had on this pair last week. I did not show something on that chart. See that spike down at the structural...
Ok sure i see what you mean. It was also close to other months. Not sure what you're trying to share but whatever brings you profit it is all good. As for knowing "bankers" levels, none of us know that. You can't really know if it is going to get to the monthly candle of october 2016 unless it arrives there like now. But either way it makes no difference to me. I can find better levels for myself on daily chart. Much better levels and a lot profit. Price moves where it moves. It is not forced to move anywhere, it moves because market makers and traders buy/sell and plus the news that's what moves it. That's it. But if it is your strategy and it brings you profit that is great. Trade safe.

Dingoman-two Feb 16, 2019 8:09pm | Post# 78508

6 Attachment(s)
Complements from Noor16,

Another way to scalp folks

AutoTrendChannel.ex4
cross.ex4
IINWMARROWS_WITH_ALERT.ex4
M15 80%.tpl
MA Channel.ex4
Symbol changer 1.1 separate.ex4

RickM Feb 16, 2019 8:13pm | Post# 78509

{quote} Ok sure i see what you mean. It was also close to other months. Not sure what you're trying to share but whatever brings you profit it is all good. As for knowing "bankers" levels, none of us know that. You can't really know if it is going to get to the monthly candle of october 2016 unless it arrives there like now. But either way it makes no difference to me. I can find better levels for myself on daily chart. Much better levels and a lot profit. Price moves where it moves. It is not forced to move anywhere, it moves because market makers...
All good Techanalyst

Price is moved for a reason. All the big players know where it is going. We do as well if we aim to swing between monthly candles because the Big players control the direction without doubt.
However I do agree that Daily Candle setups are good for intraday trading and also for trading secondary trends. I am sure you are very profitable with your setups BUT I am looking at the bigger picture.

Guess where it is going now ?.

Techanalyst Feb 16, 2019 8:14pm | Post# 78510

{quote} it quite likely refers to the weekly chart
Or monthly i guess. But no one knows banks levels.

Techanalyst Feb 16, 2019 8:14pm | Post# 78511

{quote} All good Techanalyst Price is moved for a reason. All the big players know where it is going. We do as well if we aim to swing between monthly candles. Guess where it is going now ?.
I would say from daily chart it is going up? What do you think? 1.1450...

FredZiffel Feb 16, 2019 10:33pm | Post# 78512

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Its at the bottom of the range so price is due to go up, it just doesn't look like its ready quite yet. On this 4 hour chart it just put in a new low for the year, recent high lower than the previous high, and it just tagged the moving average. Looks like it wants to go down a little before it turns around. That's my WAG.

(:
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FredZiffel Feb 16, 2019 10:36pm | Post# 78513

Just for fun, here is Bruce Lee demonstrating some of his trend line techniques.

Inserted Video

FredZiffel Feb 16, 2019 10:38pm | Post# 78514

That didn't turn out like I had planned.

baby_legend Feb 16, 2019 11:09pm | Post# 78515

Hello guys, so do we expect a Bullish trend this new week to around 1.1320 for the EURUSD?

Oc6oph Feb 17, 2019 2:49am | Post# 78516

Seems like most think this is going up. Friday’s move might have been because of options expiring. More traders are long than are short

MXT Feb 17, 2019 6:45am | Post# 78517

{quote} BANKERS BAR CLOSE OF THE OCTOBER 2016 CHART

hi Rick

isn't it the October 2018 bar you're talking about ?

RickM Feb 17, 2019 7:16am | Post# 78518

{quote} I would say from daily chart it is going up? What do you think? 1.1450...
Maybe short term depending on the US dollar, but check out my next post.

RickM Feb 17, 2019 7:21am | Post# 78519

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{quote} hi Rick isn't it the October 2018 bar you're talking about ?
No, I should of said look at both September and Octobers Monthly Candles. In September 2016, it basically never moved for a whole month from this zone before finally dropping at the start of October 2016.
But look at the bigger picture, 11 monthly candles since January 2015 have opened or closed within this TRAP

This is why we are only pawns for the big players. They were going to this zone again but WAIT till we get trapped there soon again.
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MXT Feb 17, 2019 7:28am | Post# 78520

{quote} No, I should of said look at both September and Octobers Monthly Candles. In September 2016, it basically never moved for a whole month from this zone before finally dropping at the start of October 2016. But look at the bigger picture, 11 monthly candles since January 2015 have opened or closed within this TRAP This is why we are only pawns for the big players. They were going to this zone again but WAIT till we get trapped there soon again. {image} {image}
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