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EURUSD

  • #1,123,441
  • Jul 16, 2017 1:43pm Jul 16, 2017 1:43pm
EU is just too slow to make setup around the 1.14637 strong resistance, weekly. Powerful setup on the way. Either it breaks it or makes great setup below/around it
Make all mistakes in demo and rain in pips in live account
  • #1,123,442
  • Jul 16, 2017 1:44pm Jul 16, 2017 1:44pm
Watching the make or break around the zone
Make all mistakes in demo and rain in pips in live account
  • #1,123,443
  • Jul 16, 2017 1:52pm Jul 16, 2017 1:52pm
Consider the following technical outlook if you are tracking EURUSD this week.

The pair has been largely north-bound for a relatively long period of time, although price action on a multi-year level has been within a defined range. Recent price action is at the distal part of the range. On the weekly time frame, the hammer-like candlestick formed two weeks ago was followed up by a bullish candlestick last week but the move lacked significant momentum as it was hindered by sellers who, towards the end of the session, pushed price southwards.

On the H4 time frame, price action has broken out distally from the channel (bound by two magenta-coloured horizontal lines) it formed a few weeks ago. However, we may expect another move southward to test the proximal part of the channel before momentum for a bullish operation can be assured. Alternatively, we may see price action move upward within a floating ascending channel (bound in chocolate coloured lines) formed by the support trendline from the low of June 23 and a resistance trendline from the high of July 7. This could happen if the hammer-like candlestick formed a session before the last H4 session on Friday is respected by price action. However, such a move is likely to be limited as the technicals are not in sync for a bullish momentum yet. A more sustainable operation is likely to be a short northward move followed by a southward turn-around to retest the support line of the horizontal channel (lower magenta-coloured line) around the 1.13290 area. This is likely to be medium-term in nature.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,123,444
  • Jul 16, 2017 2:18pm Jul 16, 2017 2:18pm
It depends on the TF one trades. For longer time frames traders that resistance level had not been broken since 10th May, 2015. Traders are watching this powerful level, I believe.
Make all mistakes in demo and rain in pips in live account
  • #1,123,445
  • Jul 16, 2017 2:35pm Jul 16, 2017 2:35pm
This looks like another bullish week
The fragrance remains in the hands of those that gves the rose
  • #1,123,446
  • Jul 16, 2017 3:09pm Jul 16, 2017 3:09pm
Quoting Ata-Turkoglu
{quote} I can also provide for his way of thinking.. From the monthly chart below we can see that candles are at a critical level (black resistance line). If this resistance breaks of course next targets will be 1.1650 and 1.17 levels.. Since these levels are very close to each other he must be assuming that black resistance line is already broken (which is not true yet). Therefore I would say, we can't just write down our hopes into sentences like this: I take the Black trendline as broken and price will head to 1.17 and then that level will break...
I like your style
Thanks
  • #1,123,447
  • Jul 16, 2017 3:28pm Jul 16, 2017 3:28pm
Quoting sakisf
{quote} That's some pretty regular and common PA there after news/spikes. You gotta be aware of it always as it is what traps traders in the wrong direction and then kills them when they start adding while PA keeps going to its original direction. It's some kind of second chance for those who entered opposite trade somewhere close to top of initial spike or for those who want to add positions to the original spike direction. {image}
hi ,
really I love your chart picture ,I win from it .

thank you
Mansour
  • #1,123,448
  • Jul 16, 2017 3:45pm Jul 16, 2017 3:45pm
Quoting Takisd
in response to his other talk about showing results, I will create an account with a copier of my main and you can watch it, i will try figure out how trade explorer works tomorrow ( i am not IT minded)
You sound courageous. And knowledgeable. However mind your emotions. Emotive trading is a killer. But also what makes bread and butter for some others. I wish you success. If your account is a real money account, where you can feel your blood draining out of your body at each red pip, then I'll come back to check if you're still alive after 1 full year has passed.

And by the way, since you're willing to demonstrate your performance, why don't you also investigate how to broadcast your signals ?
https://www.mql5.com/en/signals

So we can copy your amazing trades and make some money?

Where I'm a bit worried is when you're saying not being really IT minded. Because you'd better learn to talk to machine very soon. Just an example if the trading arena where we are all: http://www.walnutalgorithms.com

Asset managers are being replaced by this. If you stay profitable for one entire year, and consistently beat the benchmark, then take the next step and launch your own hedge fund, no ?

You don't know how to do ?
Go there:
http://www.akj.com/hedge-fund-solution#accelerator

They'll figure out for you.
Maybe soon you're launching a campaign to raise funds on the back of your tracking records ? And we all invest in your talents?

Sorry for being sarcastic. But I honestly would like to see you profitable. Sincerely.

Good luck. :-))
  • #1,123,449
  • Jul 16, 2017 8:48pm Jul 16, 2017 8:48pm
Quoting okosodo
This looks like another bullish week
Yeah.. But exactly we need to know where the pullback to re-entry.. Do u have any idea??
GTS V8 Return This Month: 4.7%
  • #1,123,450
  • Edited 10:27pm Jul 16, 2017 9:25pm | Edited 10:27pm
1487 is thye roof for now and unless we break above week open the roof is safe

initial bias is towards consolidation
  • #1,123,451
  • Jul 16, 2017 10:03pm Jul 16, 2017 10:03pm
lets try this, my standard sl is 10 pips in all trades
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  • #1,123,452
  • Jul 16, 2017 10:11pm Jul 16, 2017 10:11pm
not sure if this will take a loo break this week or continue holding it
but 2460 looks plausible in near term
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  • #1,123,453
  • Jul 16, 2017 10:31pm Jul 16, 2017 10:31pm
Inserted Video
  • #1,123,454
  • Jul 16, 2017 10:39pm Jul 16, 2017 10:39pm
Exciting week ahead !
Good Morning !
  • #1,123,455
  • Jul 16, 2017 10:43pm Jul 16, 2017 10:43pm
Quoting PatienceFx
lets try this, my standard sl is 10 pips in all trades {image}
So your standard lot is 0.001 lot which is 1centivos ? This is not an error? Can anyone trade this size lot?
Oh blimey.
Oops.. no wonder you are on my ignore list. Sorry

GS
  • #1,123,456
  • Jul 16, 2017 10:49pm Jul 16, 2017 10:49pm
Correction movement before upward trend continues, strong resistance at 1.1490/1.1500. Focus turn to ECB monetary policy decision on Thursday.
  • #1,123,457
  • Jul 16, 2017 11:18pm Jul 16, 2017 11:18pm
victory soon
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  • #1,123,458
  • Edited 11:44pm Jul 16, 2017 11:34pm | Edited 11:44pm
Pending Triggered
S/L at BE
S/O at BE
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A good trader follows his rules, but great trader knows when to break them
  • #1,123,459
  • Jul 16, 2017 11:44pm Jul 16, 2017 11:44pm
Quoting PatienceFx
victory soon {image}
hi sir please share your fibo and pivot indicator
  • #1,123,460
  • Jul 16, 2017 11:52pm Jul 16, 2017 11:52pm
Quoting Ashwani
{quote} hi sir please share your fibo and pivot indicator
inbox

sl at be waiting for tp
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