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

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EURUSD

Quoting JauntyLoon
Trend is determined by higher timeframe, trades are only taken on shorter time frames when they agree with the trend dictated by higher time frames. Hourly charts and lower will spike (support and resistance are useless) your stops, whipsaw and give false 'signals' constantly.
Trend is determined by higher timeframe,
I disagree. I use higher TFs to establish the preferred trade direction, but it is the TFs below that that show the trend. And at any given moment, different TFs can be in different trends. This is how a retracement on the large TF can be traded.

And if you are looking at a TF that is showing a confirmed trend as your "higher TF", it is highly likely that an even higher TF is the "proper" TF for determining thr preferred trade direction.
The markets are speaking to you. Do you know their language? I M T
Quoting JauntyLoon
Trend is determined by higher timeframe, trades are only taken on shorter time frames when they agree with the trend dictated by higher time frames. Hourly charts and lower will spike (support and resistance are useless) your stops, whipsaw and give false 'signals' constantly.
Hourly charts and lower will spike (support and resistance are useless) your stops, whipsaw and give false 'signals' constantly

As I said here, financial time series display a fractal-like nature. Therefore, if you can determine on one TF that "whipsaws" and "false signals" occur, then they also occur on every TF.

In addition, if it were actually true that whipsaws and false signals occurred constantly on some TF, then it is required that the occurrence of a rather smooth swing on a selected TF is a very, very rare condition. So, look at H1 and smaller TFs and actually determine objectively if this "rare occurrence" is actually rare, or if you have acquired a false bias.

In any case, what if the stop runs are made by bigger market participants that have access to the order books? They can make a decision about using a pool of orders in a specific area (especially areas where retail traders are taught to place stops) as an edge in their trading strategy. Even without any actual data from big market participants to support this conjecture, we can still use it as a model from which to devise a different strategy for stop placement.
The markets are speaking to you. Do you know their language? I M T
when traders go long EUR/USD, they pop

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i sell the rallies
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don't believe in mumbo jumbo from gurus
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5' chart in blow-out....... 3 longs with tight SL as shown .

Quoting ForexGoose
when traders go long EUR/USD, they pop https://www.youtube.com/watch?v=srou9ZGSnhQ i sell the rallies {image}
I haven never seen a cat vanishing so fast
Feels right this time!
SL hit. . . .>>> FLAT now.

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I am looking for a possible end of the correction , somewhere here... [? ]

Quoting F.g
{image} I am looking for a possible end of the correction , somewhere here... [? ]
Those 3 swings that you marked are the H1. As for the last H1 down swing ending, those up swings that you can see on your M5 plot are the M15. So, the attempts to end the H1 down swing could not even reach the M30 TF, and currently, every TF from H8 all the way down to M1 is in a downswing.

So with price still moving down, no way that H1 down swing can be ending.

But note there was indeed an ATTEMPT to end it shortly after your posting, but it was another failed attempt.

(Side note: Even ending the current H1 downswing will not necessarily end that down correction, because that correction is actually on a TF higher than H1. So H1 could end going down by price moving high enough to accomplish it, but the BIGGER TF correction could STILL remain intact if price would turn down again.)
The markets are speaking to you. Do you know their language? I M T
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Yes Dr . Dave. But I still keep trying . . . . .

How now, brown cow?
EU can range between the red shadowed levels, or break them and move at the nearest next

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Feels right this time!
Hello!

Market should be in a BULL position, entered at price 1.05029 TP @ 1.05109, SL @ 1.04679.
It's looking FUNtatic!

Quoting Js3mwtRc
EU can range between the red shadowed levels, or break them and move at the nearest next {image}
More to northern region movement.
Quoting F.g
{image} I am looking for a possible end of the correction , somewhere here... [? ]
You took back your blood

Quoting martin1977
Hello! Market should be in a BULL position, entered at price 1.05029 TP @ 1.05109, SL @ 1.04679. It's looking FUNtatic! {quote} More to northern region movement.
Still has some chances to move there. Wish you good luck!
Feels right this time!
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Still , not sure if I took back my blood. . . . . . My SLs at BE ...

Looking for confirmation of support at 1.04600 area to attempt buys. If 1.04600 breaks might go down to 1.04300.
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SHELENI All Time Return: 3.2%
Everything is now falling except USD. Remarkable!
Quoting martin1977
Hello! Market should be in a BULL position,

Not a chance buddy.

I'm amazed at how people have been buying EUR/USD for months on end when it is clearly tanking against a rampant USD.
Quoting F.g
{image} Still , not sure if I took back my blood. . . . . . My SLs at BE ...
EU is out of control and none can learn it, too bad
Feels right this time!
Quoting shelenipip
looking for confirmation of support at 1.04600 area to attempt buys. If 1.04600 breaks might go down to 1.04300. {image}
support confirmed at 1.04600. Buy attempted even added
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SHELENI All Time Return: 3.2%
this is my idea
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