EURUSD Only | Page 161 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD Only
Exit Attachments

EURUSD Only

  • #3,201
  • Apr 4, 2024 5:01am Apr 4, 2024 5:01am
Quoting PatienceFx
Why was this trade taken {image}
H1:
1. The macd wave is below the signal line
2. Rsi made a peak below this line
3. Basic data

M30 :
The divergence formed by the macd wave and the price evolution can be seen more clearly.
  • #3,202
  • Apr 4, 2024 5:03am Apr 4, 2024 5:03am
Quoting Gelubrin
{quote} H1: 1. The macd wave is below the signal line 2. Rsi made a peak below this line 3. Basic data M30 : The divergence formed by the macd wave and the price evolution can be seen more clearly.
M30 is correct reason
  • #3,203
  • Apr 4, 2024 5:06am Apr 4, 2024 5:06am
And now I am free to book anywhere on any 200 SMA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20240404-173456.png Size: 38 KB
Click to Enlarge Name: Screenshot_20240404-173716.png Size: 52 KB
  • #3,204
  • Apr 4, 2024 5:10am Apr 4, 2024 5:10am
Quoting PatienceFx
{quote} And why did I select these targets {image}
You set a tight TP because we are on an uptrend and now you are going in the opposite direction.
  • #3,205
  • Apr 4, 2024 5:11am Apr 4, 2024 5:11am
But my preference is that m30 macd peak price
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240404-174021.png Size: 75 KB
  • #3,206
  • Apr 4, 2024 5:18am Apr 4, 2024 5:18am
Quoting PatienceFx
But my preference is that m30 macd peak price {image}
And anyways 1.0855 stop loss will book everything if it is hit
  • #3,207
  • Apr 4, 2024 5:24am Apr 4, 2024 5:24am
5 minutes left
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20240404-175404.png Size: 200 KB
Click to Enlarge Name: Screenshot_20240404-175301.png Size: 59 KB
  • #3,208
  • Apr 4, 2024 5:28am Apr 4, 2024 5:28am
All booked it was a nice journey
Attached Image (click to enlarge)
Click to Enlarge Name: crop_6185_Screenshot_20240404-175738.png Size: 32 KB
  • #3,209
  • Apr 4, 2024 5:40am Apr 4, 2024 5:40am
Quoting PatienceFx
Why was this trade taken {image}
Now for the question
Why was this trade taken

Bb and macd both measure volatility

When bb squeezes and macd is near zero level
Volatility is least

In this case it was the macd price divergence and the sudden reduction in volatility before news
  • #3,210
  • Apr 4, 2024 5:45am Apr 4, 2024 5:45am
Quoting Gelubrin
{quote} You set a tight TP because we are on an uptrend and now you are going in the opposite direction.
Yes because we have been getting weak USD news
  • #3,211
  • Apr 4, 2024 10:26am Apr 4, 2024 10:26am
Hi All,

This is my EURUSD 4 Apr 2024 W14 – Intraday Analysis-ECB Minutes/US Jobless (Ramadan Late Analysis)

Always highly appreciate your feedback.

Amr Sadek
www.amrsadek.net
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sKXmD8vK.png Size: 63 KB
Click to Enlarge Name: Xc6z50ST.png Size: 53 KB
My Journey https://amrsadek.net
  • #3,212
  • Apr 4, 2024 7:38pm Apr 4, 2024 7:38pm
yesterday whatever happened

is now fully discounted
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 14 KB
  • #3,213
  • Apr 4, 2024 7:42pm Apr 4, 2024 7:42pm
Quoting PatienceFx
yesterday whatever happened is now fully discounted {image}
This is the low?
  • #3,214
  • Apr 4, 2024 8:20pm Apr 4, 2024 8:20pm
Quoting PatienceFx
yesterday whatever happened is now fully discounted {image}
Eurusd is likely to drop again today on the release of US data because:
- Average Hourly Earnings m/m is obviously going to increase compared to the very low level previously reported;
- consumer spending was higher in March 2024 and Non-farm employment change is positively correlated with consumer spending which represents the largest part of total economic activity. And the following data support NFE:
* The ISM Services PMI Employment component rose to 48.5 from 48.0 last month;
* The ISM Manufacturing PMI Employment component rose to 47.4 from 45.9 last month;
* The ADP Employment report showed 184,000 net new jobs, up from 155,000 previously;
* the 4-week moving average of initial jobless claims rose slightly to 214,000 , up from 212,000 last month, but still near historic lows.
  • #3,215
  • Apr 4, 2024 8:20pm Apr 4, 2024 8:20pm
Quoting vinesh1
{quote} This is the low?
General rule

Moving average is trend indicator
Macd and RSI are momentum indicators
bb is volatility indicator

Now tell me what do you understand from this chart

Price above 200 SMA is bullish action
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240405-084534.png Size: 60 KB
  • #3,216
  • Apr 4, 2024 8:24pm Apr 4, 2024 8:24pm
Quoting PatienceFx
{quote} General rule Moving average is trend indicator Macd and RSI are momentum indicators bb is volatility indicator Now tell me what do you understand from this chart Price above 200 SMA is bullish action {image}
Cant really tell which is 200 but usually a break like the big candle gets a retest. No?
  • #3,217
  • Apr 4, 2024 9:24pm Apr 4, 2024 9:24pm
Quoting vinesh1
{quote} Cant really tell which is 200 but usually a break like the big candle gets a retest. No?
blue line

depends if fed suddenly raises rates, then yes
  • #3,218
  • Apr 4, 2024 9:35pm Apr 4, 2024 9:35pm
Quoting Gelubrin
{quote} Eurusd is likely to drop again today on the release of US data because: - Average Hourly Earnings m/m is obviously going to increase compared to the very low level previously reported; - consumer spending was higher in March 2024 and Non-farm employment change is positively correlated with consumer spending which represents the largest part of total economic activity. And the following data support NFE: * The ISM Services PMI Employment component rose to 48.5 from 48.0 last month; * The ISM Manufacturing PMI Employment component rose to...
Quote
The EURUSD decreased 0.0013 or 0.12% to 1.0826 on Friday April 5 from 1.0839 in the previous trading session. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.07 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.03 in 12 months time.

the above quote is from trading economics
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 14 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 15 KB
Click to Enlarge Name: Screenshot 2024-04-05 at 10-00-50 Euro US Dollar Exchange Rate - EUR_USD - Quote - Chart - Historica Size: 17 KB
  • #3,219
  • Apr 4, 2024 9:39pm Apr 4, 2024 9:39pm
i have already shared this indicator
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 15 KB
  • #3,220
  • Apr 4, 2024 9:41pm Apr 4, 2024 9:41pm
but what i have no intention to share is
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 8 KB
Click to Enlarge Name: EURUSDH4.png Size: 17 KB
2 traders viewing now