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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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EURUSD

long @10865,4 sl -10
fortis fortuna adiuvat
This 5H bearish candle is giving me hope for my short position
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Love Cars & Money !
Now we will start new day I still see more bull movement...
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Try don't lose pants never...
Quoting Teek
yep, it definatly made a good cleanout up there. It will drop when the big guys close out on their longs. I sold the top of todays move and will add on the way down, if it pulls...
congrats.
I am so ready to short this, but looks like tomorrow will be bullish due to report forecasts.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
Quoting deltaone
long @10865,4 sl -10
Curren,

Thank you for the clarification. I see the divergence between price and MACD in the H4 TF; does this therefore signal that the reversal will remain within the context of the H4 time frame or should we expect to a larger move in the higher TFs.

awm
Quoting awm
{quote} Curren, Thank you for the clarification. I see the divergence between price and MACD in the H4 TF; does this therefore signal that the reversal will remain within the context of the H4 time frame or should we expect to a larger move in the higher TFs. awm
divergence does not mean trend reversal.
it indicates momentum shift.
Quoting pkimnyc
{quote} divergence does not mean trend reversal. it indicates momentum shift.
Interesting - can you explain more fully.

awm
AWM,

just like pkymnic said , divergence are momentum shifts rather than reversals . Think about it as leading and lagging indicators , divergence are lagging indicators which means they could give you a health check on the current situation or current output, but leading indicators could tell you what's coming up in the future and acts as a trend setters to predict the outcome within that time frame
Quoting awm
{quote} Interesting - can you explain more fully. awm
Trend = hh, hl, hh, hl or vice versa.

every trend has ups and downs.
when price is about to turn, they tend to lose momentum, and it often shows divergence.
it can well be at the turning point just make a pull back in a trend.
so you can't really assume trend will shift just because there is divergence.
besides, it also depends on trend of tf you are looking at.

while it certainly gives you the advantage, trading involves more than just spotting divergence.
hope it helps and i hope you don't just pull the trigger because you see divergence.
/r
Quoting RainBowDash
{quote} If more people are selling EUR/USD, why would price drop? The market was created to go against the herd. We see most people were shorting heading into weekend, so it was only right that the market spike up (gap) and continue to run. Once the sellers stop, then EU will drop down. Fundamentals lead to more margin calls, than technical.

Wrong man.. the market flows with the buyers and sellers ...
I all traders will sell usd, e/u will be down to the bottom

Once you close a sell that mean you buy
Once you close a buy that mean you sell

Is just go with te wave bro.

Surf it... Do not chase tower or bottom .. ride the f***** wave.
Value is something , price is nothing.

Sell the facts buy the rumors !

Is al about getting in position first and exist also first but with one condition : the crowd to follow your action.( after you do it )
Quoting pkimnyc
{quote} Trend = hh, hl, hh, hl or vice versa. every trend has ups and downs. when price is about to turn, they tend to lose momentum, and it often shows divergence. it can well be at the turning point just make a pull back in a trend. so you can't really assume trend will shift just because there is divergence. besides, it also depends on trend of tf you are looking at. while it certainly gives you the advantage, trading involves more than just spotting divergence. hope it helps and i hope you don't just pull the trigger because you see divergence....

Thanks to you and Curren; no I wasn't about to act on this as I have some doubt about the validity of retracement; I would rather wait for confirmation that we have a firm move to the downside. I was simply interested in Curren's statement regarding the Harami formation as the higher time frames suggested to me that we may be seeing a minor correction.

Please don't take my questions or points of view as disrespect - I am here to learn.

awm
Still holding short from yesterday

bull trap @ 1.0718

If you draw a fib from 1.12989 to 1.05170 you'll see we just tapped the 50% mark
Quoting awm
{quote} Curren, Thank you for the clarification. I see the divergence between price and MACD in the H4 TF; does this therefore signal that the reversal will remain within the context of the H4 time frame or should we expect to a larger move in the higher TFs. awm
back your pardon?
fortis fortuna adiuvat
Keep your eyes on 1.0815 tonight and tomorrow... if it closes below that definitely, then the long term phase is probably short. My long term phases last about a trading month also FYI.
Quoting braintheboss
Now we will start new day I still see more bull movement... {image}
Dont be in a rush now my friend there may be better places to watch for a better shot at longs ,,,,,,, until this quarter closes end of the week the little blue circle is my tgt or as close to that as I can get ,,,,, may retrace back towards the 50% level of the daily chart projection 1.0770 ish area ,,,, there is a few things there ,,,,,, weekly pivot ,,,,, last weeks midpoint , probably be a daily pivot there by time it works back that far ,,,,,,,,,, any day trade shorts I take will have that area for a tgt ,,,, any how thats where I will try and be looking for a few longs to see if it can finish the quarter out with a pop near the daily chart bull flag projection there,,,,,,, besides towards end of the week there will be lots of short stops sitting where ,,,,, oh yea, typical stop placement a couple clicks above or below the high at 1.0904 ish ,,, ought to be enough stops to fuel the pop to near daily chart projection cheers man .
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Quoting awm
{quote} Thanks to you and Curren; no I wasn't about to act on this as I have some doubt about the validity of retracement; I would rather wait for confirmation that we have a firm move to the downside. I was simply interested in Curren's statement regarding the Harami formation as the higher time frames suggested to me that we may be seeing a minor correction. Please don't take my questions or points of view as disrespect - I am here to learn. awm
no worries mate.
/cheers
Quoting Nightingales
{quote} yap... I remember... it was just a little test
Remember that 24 ema ,,,,,, it was just touched ,,, said it wouldnt probably be touched again till the next day,,,,,, now see if it gets used for resistance if it stays below it bud ,,,,,, reckon it will get used all the way back to last weeks midpoint or somewhere around 1.0770 ish 1.0760ish area ,,,,,,wouldve saved ya that 24 pips ya gave up,,,,,patience patience patience
Quoting digger1
{quote} Remember that 24 ema ,,,,,, it was just touched ,,, said it wouldnt probably be touched again till the next day,,,,,, now see if it gets used for resistance if it stays below it bud ,,,,,, reckon it will get used all the way back to last weeks midpoint or somewhere around 1.0770 ish 1.0760ish area ,,,,,,wouldve saved ya that 24 pips ya gave up,,,,,patience patience patience
Yes, thanks d1
Quoting Nightingales
{quote} Yes, thanks d1
no worries ,,,,,, just an easy way to keep track of things
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