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  • #1,124,981
  • Jul 26, 2017 8:01am Jul 26, 2017 8:01am
can someone give me a good daily support res indictor
  • #1,124,982
  • Jul 26, 2017 8:10am Jul 26, 2017 8:10am
Quoting kuroro001
Ready for retrace? {image}
maybe
  • #1,124,983
  • Jul 26, 2017 8:11am Jul 26, 2017 8:11am
Quoting Tsar
{quote} Trapped in the Market. And squeezed by the Bears and the Bulls Looking for the Way Out... Now
Quoting Tsar
Euro in H1 Chart {image}
OUT from the Market's. With got Small Profit
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Proof t 2017-07-26.jpg Size: 44 KB
Always looking the GREAT, never left GOOD Point...
  • #1,124,984
  • Jul 26, 2017 8:12am Jul 26, 2017 8:12am
Quoting kuroro001
Ready for retrace? {image}
difficult to say....
trading is simple but is simple is not easy.
  • #1,124,985
  • Jul 26, 2017 8:14am Jul 26, 2017 8:14am
Quoting Venomousssss
can someone give me a good daily support res indictor
Use your hand. When it's above price, you care about previous tops for support. When it's below, you care about previous bottoms for res. No indi will give you that feel.
Attached Image (click to enlarge)
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  • #1,124,986
  • Jul 26, 2017 8:15am Jul 26, 2017 8:15am
Quoting skillz16
Today if it drops on the FED, I expect that these levels will be challenged: ON SHORT SIDE: 1.1595 1.1540 1.1517 *I'd be surprised to see it any lower than 1.1517. ON LONG SIDE: I'd expect any max move to be to 1.1750. *I'd be surprised if it could move above 1.1750. I'm targeting to SELL (more), but not SOLD more yet/at this time.
you will be surprised how many times you will be surprised from the markets
  • #1,124,987
  • Jul 26, 2017 8:16am Jul 26, 2017 8:16am
Quoting Venomousssss
{quote} maybe
You Bought USDCAD can I ask you what was your strategy for that? If you don't mind!
  • #1,124,988
  • Jul 26, 2017 8:18am Jul 26, 2017 8:18am
Quoting ZenNy
{quote} difficult to say....
Ya think there where any orders sitting there ,,,lol.
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  • #1,124,989
  • Jul 26, 2017 8:19am Jul 26, 2017 8:19am
Quoting Venomousssss
can someone give me a good daily support res indictor
Try this One...

The Old Support Resistance but still Useful
Attached Image (click to enlarge)
Click to Enlarge Name: SR - H1 Chart 2017-07-26.jpg Size: 357 KB
Attached File(s)
File Type: zip Pivot Support Resistance Auto.zip   23 KB | 302 downloads
Always looking the GREAT, never left GOOD Point...
  • #1,124,990
  • Jul 26, 2017 8:19am Jul 26, 2017 8:19am
Quoting sakisf
{quote} Use your hand. When it's above price, you care about previous tops for support. When it's below, you care about previous bottoms for res. No indi will give you that feel. {image}

. Funny tho . Actually if he can read it it's on your image! Best indicator.
  • #1,124,991
  • Jul 26, 2017 8:20am Jul 26, 2017 8:20am
Quoting sakisf
{quote} Use your hand. When it's above price, you care about previous tops for support. When it's below, you care about previous bottoms for res. No indi will give you that feel. {image}
which hand to use, the righ or the left.... i think it matters a lot ?
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #1,124,992
  • Jul 26, 2017 8:22am Jul 26, 2017 8:22am
Quoting Tsar
{quote} Try this One... The Old Support Resistance but still Useful {file} {image}
Thanks for very valuable information you shared. It works like magic.
  • #1,124,993
  • Edited 8:39am Jul 26, 2017 8:27am | Edited 8:39am
Quoting Samer1970
{quote} which hand to use, the righ or the left.... i think it matters a lot ?
Right hand off course. That's why they say "He is his right hand..." and never "He is your left hand.". True story
  • #1,124,994
  • Jul 26, 2017 8:28am Jul 26, 2017 8:28am
Quoting digger1
{quote} Ya think there where any orders sitting there ,,,lol. {image}
finished my day mate.... only +3.7 pips but finished with +3.4%.....Started from Frankfurt...7 hours on the screen....love it when she does not move.....made also a few mistakes........I need to avoid entering in the middle of the chart..........never learn.... impatience also kicks in.....damn.
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trading is simple but is simple is not easy.
  • #1,124,995
  • Edited 8:50am Jul 26, 2017 8:32am | Edited 8:50am
Trade analysis for short:

Weekly chart: Downtrend... doesn't have much to do with trading but needs to be considered.
Daily chart: Uptrend-strong... Mainly for trend traders but is also useful for day traders.
4Hour chart:Uptrend-medium... The trade zone for most.
1Hour chart: Uptrend-weak... Basically for day traders but good for entry and exit positioning.

Heiken Ashi candles:
Weekly - blue
Daily - blue 28 candles
4Hour - red 4 candles

No SMA 50/20 crossovers

Fibonacci Retracement:
Short term or day trades the 50% would be around 1.1150 area.
Swing or trend trades the 50% would be around 1.1400 area.
Long term or trend trades the 50% would be around 1.1000 area.

RSI: based on 30% and 70% hits
Weekly - broke the 70% July 2017. This is extremely significant. The last 70% hit was in 2011 when it hit 1.48 and dropped to 1.21.
Daily - Broke the 30% in November 2016 and climbed ever since breaking 70% 4 times. It suggest that the PA is peaking.

The charts suggests the EU is out of balance on the high side. Market forces would suggest balance at around 1.1400. That should be the pivot continuing the uptrend or breaking it and going lower. Regarding the uptrend we are kind of in no man's land since the R/S's are very old--yet will probably be considered if it continues an upward trajectory.

My opinion is that the EU has run out of steam based on the RSI hits. I reset my take profit to 1.1400 from 1.1000.
Taigen Profit This Month: na
  • #1,124,996
  • Jul 26, 2017 8:33am Jul 26, 2017 8:33am
Quoting ZenNy
{quote} finished my day mate.... only +3.7 pips but finished with +3.4%.....Started from Frankfurt...7 hours on the screen....love it when she does not move.....made also a few mistakes........I need to avoid entering in the middle of the chart..........never learn.... impatience also kicks in.....damn. {image}
I hear ya , good job , that sht scalp finished mine off for scalping , time to wait for the news now and see how the others play out , and yea if you fiddle in the middle you usually get burned on both ends ,, cheers man
  • #1,124,997
  • Jul 26, 2017 8:47am Jul 26, 2017 8:47am
Quoting sakisf
{quote} Use your hand. When it's above price, you care about previous tops for support. When it's below, you care about previous bottoms for res. No indi will give you that feel. {image}
Amen! Would you consider upside move to another price action zone?
  • #1,124,998
  • Jul 26, 2017 8:50am Jul 26, 2017 8:50am
Quoting xau
{quote} Amen! Would you consider upside move to another price action zone?
I have 1.1860 for this week but depends on fed and how many euro hands will release their longs before starting their August vacations. Thinking we should enter a retrace short term and range between 1.15xx-1.16xx for the next month, maybe even narrower range ~ 50-80 pips.

We are at same heights of August '15.
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  • #1,124,999
  • Jul 26, 2017 8:56am Jul 26, 2017 8:56am
F**king spike.. I shorted that with a very big malerabbit lot, and of course, kill my money first and fallin..
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  • #1,125,000
  • Jul 26, 2017 8:58am Jul 26, 2017 8:58am
Quoting digger1
{quote} I hear ya , good job , that sht scalp finished mine off for scalping , time to wait for the news now and see how the others play out , and yea if you fiddle in the middle you usually get burned on both ends ,, cheers man
I feel bulls looking for better prices now after they have been discouraged a bit up to 1.17 where bears (including profit takers) responded with conviction.... Probably the upcoming news will give that opportunity.....not sure....will leave it to you guys.

60m
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trading is simple but is simple is not easy.
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