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EURUSD only

  • #1,001
  • Oct 4, 2017 1:08am Oct 4, 2017 1:08am
My thoughts on EURUSD this morning

EURUSD BUY 1.7705. T.P 1.18576. SL. 1.16930

What do you think guys?
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  • #1,002
  • Oct 4, 2017 1:27am Oct 4, 2017 1:27am
anyone else thinks this is a morning star on D1 chart?
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MAKE IT RAIN
  • #1,003
  • Oct 4, 2017 2:05am Oct 4, 2017 2:05am
Quoting kelvinonw
My thoughts on EURUSD this morning EURUSD BUY 1.7705. T.P 1.18576. SL. 1.16930 What do you think guys? {image}
I can agree, but your chart shows that you want to enter long at 1.1757 and your comment is mentioning 1.7705(which is most likely 1.1770).
Iam with the bulls today after my failure on my short attempts from yesterday. I want to enter at 1.175x(early entry) and another at 1.174x(touch of the trendline) with ST: 1.1720 and TP:1.1840
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  • #1,004
  • Oct 4, 2017 2:08am Oct 4, 2017 2:08am
Been in yhe zone all day. Thanks for all the replies. I have enter long at 1.1740 and looking to see an upward movement towards 1.183x-1.185x hefore shorting it. I have set sl 1.1690. If I get stop again, I will take this week off trading. Just to reset. So far down about 100pip. Not so hot this week.
Trade what you see, take what the market gives you.
  • #1,005
  • Oct 4, 2017 2:21am Oct 4, 2017 2:21am
Quoting littlemole85
{quote} I can agree, but your chart shows that you want to enter long at 1.1757 and your comment is mentioning 1.7705(which is most likely 1.1770). Iam with the bulls today after my failure on my short attempts from yesterday. I want to enter at 1.175x(early entry) and another at 1.174x(touch of the trendline) with ST: 1.1720 and TP:1.1840 {image}

Ya i meant 1.17705
  • #1,006
  • Oct 4, 2017 3:47am Oct 4, 2017 3:47am
Hello,

here is my view on the EUR/USD for now.
On the Daily/Weekly short entries could form around 1.18200 and 1.18600, somewhere in that area.
But I'd be very careful with shorts. As long as the 23.6 weekly support holds, shorts don't get a decent enough RR and it's all a bit shaky in that tight range.
I am absolutely positive about a short when the 23.6 weekly retracement breaks and the key low @1.16583 is taken. (see chart).
I have a Sell Stop there. Otherwise, I don't see a good trading opportunity for now.
Possibly next week... (patience does go a long way)

Intraday I'd have a long bias.
But I don't trade intraday. Basicly it's ranging. If you trade it intraday, buy the bottom, sell the top, keep it simple.

I wait... (see chart)
Stay green and good luck

EUR/USD - D1:
Attached Image (click to enlarge)
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  • #1,007
  • Oct 4, 2017 3:55am Oct 4, 2017 3:55am
Quoting Teek
Hello, here is my view on the EUR/USD for now. On the Daily/Weekly short entries could form around 1.18200 and 1.18600, somewhere in that area. But I'd be very careful with shorts. As long as the 23.6 weekly support holds, shorts don't get a decent enough RR and it's all a bit shaky in that tight range. I am absolutely positive about a short when the 23.6 weekly retracement breaks and the key low @1.16583 is taken. (see chart). I have a Sell Stop there. Otherwise, I don't see a good trading opportunity for now. Possibly next week... (patience does...
but it neve tested the 23.6
it bounced back 20 pips above it.
i would like to see it touching and then bouncing.
or maybe a straight forward trough it
MAKE IT RAIN
  • #1,008
  • Edited 4:20am Oct 4, 2017 4:02am | Edited 4:20am
Quoting mihai1986
{quote} but it neve tested the 23.6 it bounced back 20 pips above it. i would like to see it touching and then bouncing. or maybe a straight forward trough it
move your eyes to the left. It did test ("touch") it and respected it.
Lines on the charts, be it Retracements, Pivots, or any other Line, are NOT an absolute thing.
See them more like an "area of interest" that forms around the lines. Market (price) will most likely react in some way in these areas.

Don't trade the lines, trade the price (the candles!).
Good luck
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  • #1,009
  • Oct 4, 2017 4:13am Oct 4, 2017 4:13am
Quoting Teek
{quote} move your eyes to the left. It did test ("touch") it and respected it. Lines on the charts, be it Retracements, Pivots, or any other Line, are NOT an absolute thing. See them more like an "area of interest" that forms around the lines. Market (price) will most likely react in some way in these areas. Don't trade the lines, trade the price (the candles!). Good luck
your white circle, where it touched, it is befor the top level of the fibonacci. so you can't take that as a level of retracement if it is before your key level.
yes, it is not the exact line, it is the area, but stil, 20 pips looks a bit to much. i would expect something like +- 10 pips at the line.
trading the price, the candles. that makes me think about yesterday D1 candle. on my chart looks like a morning star. so i don't know... lots of economic data this week that can overturn all the analisys
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  • #1,010
  • Oct 4, 2017 4:27am Oct 4, 2017 4:27am
Quoting mihai1986
{quote} your white circle, where it touched, it is befor the top level of the fibonacci. so you can't take that as a level of retracement if it is before your key level. yes, it is not the exact line, it is the area, but stil, 20 pips looks a bit to much. i would expect something like +- 10 pips at the line. trading the price, the candles. that makes me think about yesterday D1 candle. on my chart looks like a morning star. so i don't know... lots of economic data this week that can overturn all the analisys

Yesterdays candle is a "morning star" (or whatever you may call this) and it could be seen as a buy signal.
Indeed, my shortterm bias is long, and here is my reason why I don't take a long trade:
- range too tight, Risk:Reward not good enough, it is simply not profitable enough and I don't trade this setup.
The downside potential of this market is much more profitable, especialy regarding the strong divergence building up (MACD not on the chart, but if you take a look, it speaks for itself). The uptrend lost significant strength and from a technical perspective the market is overbought. It should come down.
That's why I am lurking for a possible short and don't take a somewhat weakening long.
I am strictly speaking from the perspective of priceaction trading on the D1/W1. "set and forget" so to speak. The blue line I threw in on the bottom of my chart marks the target of the short I'll take, IF I get the right setup to make an entry. Currently I don't, so I wait. If the market keeps moving up and breaks upper resistance, we have a completely different situation.
Everything is possible, especialy when some politricks do a stupid or whatever. As you said, lots of economic data kicking in, can change anything anytime.
If it was that easy like "there's the line, there it must do this", I'd be filthy rich (I'm not)

PS: next chart I post will be naked, as people seem to stumble over lines all too much
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  • #1,011
  • Oct 4, 2017 4:32am Oct 4, 2017 4:32am
Quoting Teek
{quote} Yesterdays candle is a "morning star" (or whatever you may call this) and it could be seen as a buy signal. Indeed, my shortterm bias is long, and here is my reason why I don't take a long trade: - range too tight, Risk:Reward not good enough, it is simply not profitable enough and I don't trade this setup. The downside potential of this market is much more profitable, especialy regarding the strong divergence building up (MACD not on the chart, but if you take a look, it speaks for itself). The uptrend lost significant strength and from...
same here. but i amnot as well )
question: i have 2 account on the same platform. same account type. but on one account i have a spread of 0.8 pips, and the other one 1.1 pips
and i do not know why the difference
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  • #1,012
  • Oct 4, 2017 4:39am Oct 4, 2017 4:39am
Quoting mihai1986
{quote} same here. but i amnot as well ) question: i have 2 account on the same platform. same account type. but on one account i have a spread of 0.8 pips, and the other one 1.1 pips and i do not know why the difference
Because your spread type on these accounts are probably not "fixed spread" so they have changing values with each and every tick and some moments they are exactly the same but sometimes the values differ. Very normal..

Stay Green
Focus only on what truly matters!
  • #1,013
  • Oct 4, 2017 4:43am Oct 4, 2017 4:43am
Quoting Ata-Turkoglu
{quote} Because your spread type on these accounts are probably not "fixed spread" so they have changing values with each and every tick and some moments they are exactly the same but sometimes the values differ. Very normal.. Stay Green
sometimes in the night i have 4 pips spread, or when big news and high volatility.
but in normal trades, same time, one has 1.1 and the other 0.8.
they are not fixed spread but anyway... i have to move my trading on the smaller spreas. 0.3 is something
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  • #1,014
  • Oct 4, 2017 4:57am Oct 4, 2017 4:57am
Quoting mihai1986
{quote} sometimes in the night i have 4 pips spread, or when big news and high volatility. but in normal trades, same time, one has 1.1 and the other 0.8. they are not fixed spread but anyway... i have to move my trading on the smaller spreas. 0.3 is something
To go into a little bit more detail on this:
A-Book / B-Book.
For a broker, a customer is not a customer. There are huge differences and according to the appropriate action taken by the broker to make sure they don't lose against their winning customers (the "B-Books"), differences like these are normal. They need to "double-hedge" against the B-Books (the very unwanted moneymaking customers) and make less money on them because they lose the OCR and only make spread/commission income on a much higher risk, while they make low risk Spread/Commission + OCR on the very beloved "punch the button" A-Books.
I would not worry about a 0.3 difference in spread, but if it gets too out of hand I'd call them.

Besides, higher spread in times of higher Vola, and at night, is very normal.
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  • #1,015
  • Oct 4, 2017 5:24am Oct 4, 2017 5:24am
Good luck to everyone today
  • #1,016
  • Oct 4, 2017 5:31am Oct 4, 2017 5:31am
Quoting Teek
{quote} To go into a little bit more detail on this: A-Book / B-Book. For a broker, a customer is not a customer. There are huge differences and according to the appropriate action taken by the broker to make sure they don't lose against their winning customers (the "B-Books"), differences like these are normal. They need to "double-hedge" against the B-Books (the very unwanted moneymaking customers) and make less money on them because they lose the OCR and only make spread/commission income on a much higher risk, while they make low risk Spread/Commission...
Hi,
sounds as if I should really look for another Broker. I don't even dare to say how high my spread is (though fixed). Although I am quite consistently on the loosing side
....any recommendations?
  • #1,017
  • Oct 4, 2017 5:50am Oct 4, 2017 5:50am
eusd ptz day bu bat
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Say something meaningful or Silence!!
  • #1,018
  • Oct 4, 2017 5:56am Oct 4, 2017 5:56am
retrace or break last high ..let's see
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  • #1,019
  • Oct 4, 2017 6:28am Oct 4, 2017 6:28am
Quoting Traderview
Long now till the ADP
Are you going to trade through it or get out before?
  • #1,020
  • Oct 4, 2017 6:34am Oct 4, 2017 6:34am
Quoting Et2017
{quote} Hi, sounds as if I should really look for another Broker. I don't even dare to say how high my spread is (though fixed). Although I am quite consistently on the loosing side ....any recommendations?
hmmm, except maybe fix the "I am quite consistently on the loosing side" problem, I don't have any recommendations
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