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Trading EURUSD only 43,706 replies

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EURUSD only

Quoting JauntyLoon
{quote} There are so many 'levels' and I wouldn't know whether to go long or short I struggle to get my brain around this. Maybe I only have a brain for longer-term charts (and then, only half a brain LOL)
It has more to do with "knowledge" and "experience" and a "good system", additional to having brains... Having brains is almost never enough for anything in life!

To explain why there are not MANY levels but SPECIFIC levels, here take a look at H4:

  1. We knew that every rise of price into 1.0266 area was the potential end of a wave A... So we were looking for short opportunities while majority was happy with their longs! = KNOWLEDGE
  2. The channel breakout happened at 1.0208 and after that new spikes up presented more confident sales for bears.. BUT with help of the ascending channel we also knew that any touches back to its lower edge would provide selling opportunities.. and it did! Bingooooo moments! = EXPERIENCE
  3. We knew that GREEN line will not allow bears to pass and therefore expected a bottleneck there.. But once one candle closed below it we were ready to sell once again and even with more confidence around 1.0200... = GOOD SYSTEM

Know what you are doing and earn at least good experience before starting any business! I hope it helps...

Best wishes

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Be a seer, not a looker!
Quoting johncen
Opps forgot to set my 0184 long @ be before the news and have hit sl damn. now reload @ 0139. Could retest 0119-20 area though
Closed+15 will wait and see
Patience, Emotion Control and Discipline.
Quoting Ata-Turkoglu
{quote} It has more to do with "knowledge" and "experience" and a "good system", additional to having brains... Having brains is almost never enough for anything in life! To explain why there are not MANY levels but SPECIFIC levels, here take a look at H4: We knew that every rise of price into 1.0266 area was the potential end of a wave A... So we were looking for short opportunities while majority was happy with their longs! = KNOWLEDGE The channel breakout happened at 1.0208 and after that new spikes up presented more confident sales for bears.....
Good analysis Ata, all these three can give confidence to anyone without too much brain.
Feels right this time!
Quoting Js3mwtRc
{quote} Good analysis Ata, all these three can give confidence to anyone without too much brain.
Yes, but for "trading", what we call "all these three" could require years and years and years of work and screen time.. easier said than done...

*quality brains often helps shortening those years...
Be a seer, not a looker!
price action is corrective...long eur usd
Quoting Ata-Turkoglu
{quote} Yes, but for "trading", what we call "all these three" could require years and years and years of work and screen time.. easier said than done... *quality brains often helps shortening those years...
Yes years, but even a monkey could trade forex with the right system and an instruction manual
Feels right this time!
Folks... today Istanbul will host the process of signing the Ukraine grain corridor agreement! This could have a positive impact to Europeans and therefore the Euro! Sudden, unexpected spikes inside the moments of signing could happen! I don't know how much it could affect the price.. Maybe 50 pips... maybe 100 pips... Just be aware and stay alert!

I think the event will start in roughly 4 hours...
Be a seer, not a looker!
Quoting Js3mwtRc
{quote} Yes years, but even a monkey could trade forex with the right system and an instruction manual
Yes.. I am still slowly becoming that monkey..
Be a seer, not a looker!
Quoting Ata-Turkoglu
Folks... today Istanbul will host the process of signing the Ukraine grain corridor agreement! This could have a positive impact to Europeans and therefore the Euro! Sudden, unexpected spikes inside the moments of signing could happen! I don't know how much it could affect the price.. Maybe 50 pips... maybe 100 pips... Just be aware and stay alert! I think the event will start in roughly 4 hours...
Thank you, Ata! That could have a heavy impact.
Risk Management is of utmost importance!
Quoting Ata-Turkoglu
{quote} Yes.. I am still slowly becoming that monkey..
Good luck with that!

An agreement is a good new and a good developement for the peace in the terittory I hope everything to go well!
Feels right this time!
Quoting Traderview
{quote} Check out the TL that i've shared it before. {image} {image}
update:
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Meanwhile, on H1...

  1. While wave 3 of C of B is forming: If 1.0144 area breaks next would be a free ride to 1.0051 area... but because this 1.0144 is such an important support area I am not sure if bears can easily break it!
  2. Notice that my slow macd is still above 0: This shows that bulls are still lurking around and it is likely that we will soon see spikes!
  3. If bulls come back they will first attack: 1.0165 area.. next would be 1.0195 area.. and maximum: 1.0233 area..

I hope it helps

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Be a seer, not a looker!
Quoting Ata-Turkoglu
Folks... today Istanbul will host the process of signing the Ukraine grain corridor agreement! This could have a positive impact to Europeans and therefore the Euro! Sudden, unexpected spikes inside the moments of signing could happen! I don't know how much it could affect the price.. Maybe 50 pips... maybe 100 pips... Just be aware and stay alert! I think the event will start in roughly 4 hours...
It's not a free success...Europa paid already for the agreement...

EU adopts “maintenance and alignment” package...
https://www.consilium.europa.eu/en/p...nment-package/
I am who I am
Quoting imwim
{quote} It's not a free success...Europa paid already for the agreement... EU adopts “maintenance and alignment” package... https://www.consilium.europa.eu/en/p...nment-package/
Thanks for the extra info.. So be it but I personally really can't care less... My focus was on the "hour" of agreement potentially causing some volatility... In general members here know that I am not fond of fundamentals at all... But the "time" of news and events can have effects on price and that was my point...

Best wishes

*For fundamentalists who feel offended, please don't, I am simply in sync with Linda Raschke's trading philosophy, but I am better than her, lol..
Be a seer, not a looker!
The bears seem alright;
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Quick look at my H1 elliptical chart..

  1. Having 1.0187 area in mind as nearby resistance, I expect bears to continue down...
  2. Targets: first of course 1.0119! If that breaks, the wave B termination point could depend on certain fib levels... I am not sure yet...
  3. On a side note, with my magnetic level calculation, I even get 1.0023. Not impossible! For now just a wild guess though!

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Be a seer, not a looker!
Meanwhile, on H4...

  1. Previous impulsive channel has faded out.. and a new flatter channel appeared...
  2. If bears can't achieve a H4 candle close below bottom edge of channel: 1.0155 we probably go back to retest channel's median line area: 1.0202 to 1.0217... (However, sell pressure is likely to start from GREEN line area: 1.0190)

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Be a seer, not a looker!
The bulls are making an entry;
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I would not see it as bull time yet, especially while H1 candles still OPEN below 1.0182... I will try to sell one more time... It will get dangerous for bears only if any H1 candle opens above mentioned level... Don't rush!
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Be a seer, not a looker!
Quoting Ata-Turkoglu
I would not see it as bull time yet, especially while H1 candles still OPEN below 1.0182... I will try to sell one more time... It will get dangerous for bears only if any H1 candle opens above mentioned level... Don't rush! {image}

Bingo, i was in the same mind with you.
It's quite risky, even i'm on selling mode now..
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Masaru