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  • #1,981
  • Oct 19, 2017 10:38am Oct 19, 2017 10:38am
Quoting kmic14
{quote} Salut Mihai I see like this the fibo. The green line is a importent lVl for me, and will be reach 4 sure. And also how Ata said i also expect to reach there(medium term target would be 1.1820-1.1835 area..) but i dont have an exact number, i have the red line which is SMA 200 and how you see it bounce back also from the last 2 hights. My opinion is at will have spike on lVl 50 from fibo and SMA 200 need to enter under. My view. {image}

How i mention also yesterday On H4 the chart hit the 200 SMA (the red line).
Now i will wait a signal on H1 or a double top on M15 to enter in a sell or a continuation. The market will give us a signal
My opinion.
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  • #1,982
  • Oct 19, 2017 10:50am Oct 19, 2017 10:50am
What I can see so far, double top for 4h and head and shoulder for daily.

Mind you might be bias as I have short position at the moment.
Fundamental provide Volume, Technical shows Direction
  • #1,983
  • Oct 19, 2017 10:50am Oct 19, 2017 10:50am
[attach]image.png;2525298
Quoting kmic14
{quote} How i mention also yesterday On H4 the chart hit the 200 SMA (the red line). Now i will wait a signal on H1 or a double top on M15 to enter in a sell or a continuation. The market will give us a signal My opinion. {image} {image}
I noticed the same thing on my chart. Strong rejections of the 200MA on the H4. Still waiting, but looking to short.
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  • #1,984
  • Oct 19, 2017 10:51am Oct 19, 2017 10:51am
Oops, sorry about spamming my chart, still working out the kinks

Ok, just edited it
  • #1,985
  • Oct 19, 2017 11:14am Oct 19, 2017 11:14am
Will watch the intersection point

Attached Image (click to enlarge)
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  • #1,986
  • Oct 19, 2017 11:25am Oct 19, 2017 11:25am
Quoting Ata-Turkoglu
{quote} only short while below 50 sma and long while above 50 sma.. not best strategy but for you it will fix some issues.. Sorry for your losses.. Stay Green
I may need some basic advice like this too. What time frame 50 sma is meant?
Qqq Return Today: 0.7%
  • #1,987
  • Oct 19, 2017 11:30am Oct 19, 2017 11:30am
Quoting Ata-Turkoglu
{quote} Sell signal has to wait bro.. especially on daily we need tomorrow's candle opening price.. I am mostly on Hourly and inside these hours sometimes at M30 too.. no rush.. Stay Green
Hi Ata, nice thread and great first post and analyses from you. I focus mainly on long term trades, I'll share my view on daily charts.

Monday close together with the 4H chart suggested me the 1890 level should be considered as already tested, so I opened a short (still running) at 1.18. The last 2 days proved it was too early but my bias remain bearish. That level is strong to me and we have a nice descending trendline to support it and push price to the next levels (yellow lines).
We come from a 1500 pip rally, I think odds are for a deeper retracement.
Many green pips to all.

Marco
Attached Image (click to enlarge)
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  • #1,988
  • Oct 19, 2017 11:33am Oct 19, 2017 11:33am
Quoting L.m
{quote} Hi Ata, nice thread and great first post and analyses from you. I focus mainly on long term trades, I'll share my view on daily charts. Monday close together with the 4H chart suggested me the 1890 level should be considered as already tested, so I opened a short (still running) at 1.18. The last 2 days proved it was too early but my bias remain bearish. That level is strong to me and we have a nice descending trendline to support it and push price to the next levels (yellow lines). We come from a 1500 pip rally, I think odds are for a deeper...
Careful, the longer term trend is still bullish...also the COT report showed an increase in euro longs
  • #1,989
  • Oct 19, 2017 11:36am Oct 19, 2017 11:36am
Quoting cabbiefx
{quote} I may need some basic advice like this too. What time frame 50 sma is meant?
SMA is the Simple Moving Average. It's an indicator you should be able to place on most any chart. Time frame is up to you. It basically helps determine which way price is trending and if you trade in the direction of the trade, you should have better odds of being successful. There's a lot more to it, but I think Ata was essentially saying start with the basics.

Good luck!
  • #1,990
  • Oct 19, 2017 11:40am Oct 19, 2017 11:40am
Quoting Ata-Turkoglu
{quote} I always have marked my weekly and daily S/R levels in front of my eyes first. That being said I step back to H1 chart most of the day and try to create buy or sell setups based on arriving at the daily/weekly levels. When price is inbetween I still trade potential areas based on M30 mostly but always having the nearest DAILY S/R level in the back of my head. In other words: The daily chart gives me most of my entry decisions and sweet spots during intraday 30M or H1 chart trading. Then, I also have ultra long term trades which are completely...
Hi Ata, I hv bn following your posts for a while now and others in this thread and it's obvious that you are well seasoned in forex trading, could you please share some of your trade plan, I will really appreciate that.

Thanks.
  • #1,991
  • Oct 19, 2017 11:47am Oct 19, 2017 11:47am
Quoting JayJon
{quote} SMA is the Simple Moving Average. It's an indicator you should be able to place on most any chart. Time frame is up to you. It basically helps determine which way price is trending and if you trade in the direction of the trade, you should have better odds of being successful. There's a lot more to it, but I think Ata was essentially saying start with the basics. Good luck!
Well right now on eu in d1 tf price is still below 50 sma and on m15 it is well above 50 sma, so i am having difficulty interpreting the advice.
Qqq Return Today: 0.7%
  • #1,992
  • Oct 19, 2017 11:48am Oct 19, 2017 11:48am
Quoting cabbiefx
{quote} I may need some basic advice like this too. What time frame 50 sma is meant?
question not addressed at me but this is my opinion if you ever bother to give any weight:
there is nothing "holy" about MA. it just something ppl use knowingly or unknowingly as a simple reference point to take a trade or exit. one may use 50, another 200 etc.
i think there always must be a reason why one uses a specific MA for specific TF. for ex. i prefer to use 100 MA for 4hr chart. why? because then i get the average rate for the past 3 trading weeks. if the price is above that, it is uptrend for me and vice-versa.
As Above, So Below
  • #1,993
  • Oct 19, 2017 11:52am Oct 19, 2017 11:52am
Quoting cabbiefx
{quote} Well right now on eu in d1 tf price is still below 50 sma and on m15 it is well above 50 sma, so i am having difficulty interpreting the advice.
you should choose a timeframe that is more confortable with what your trading style is
for example if you choose H1, and chech on H4 for short term trends and other signals. also on smaller timeframe as M15.
ideea is M15 is for short trades. more like scalping. when you take advantage from all the moves. and do trades like 15-30 minutes trades.
bigger timeframes, as D1, you trade the trend. and you you keep your trade open for one day ore more.
the ideea is where you feel more comfortable
MAKE IT RAIN
  • #1,994
  • Oct 19, 2017 11:59am Oct 19, 2017 11:59am
Quoting Trenderer
{quote} Careful, the longer term trend is still bullish...also the COT report showed an increase in euro longs
Thank you, I will
  • #1,995
  • Oct 19, 2017 12:34pm Oct 19, 2017 12:34pm
Quoting cabbiefx
{quote} I may need some basic advice like this too. What time frame 50 sma is meant?
Depends on your time, your risk tolerance. Scalper...day trader.
And i like 55 MA.
Put on 30m or 1 Hour - does wonders.
Then you can use on anything. 50MA on 1H is like 200 on 15min....

PS: i don't post much because I've been working on my grand unified theory. May share if Ata agrees
Beware of robber banks (RB), bad advisors.
  • #1,996
  • Oct 19, 2017 12:40pm Oct 19, 2017 12:40pm
Quoting cabbiefx
{quote} I may need some basic advice like this too. What time frame 50 sma is meant?
50 sma or ema, imho it doesn't matter much which setting or timeframe you pick, but it mainly will give you always a rough idea if the trend is bullish or bearish on the timeframe you are watching.. Of course it is not the holy grail.. it is simply a quick indicator that majority of traders keep using without questioning.. think of it as a fashion tool.. almost everybody makes use of them.. same with 100 sma/ema and 200 sma/ema..

My advice was to those who really keep losing money no matter what they do and have no idea to detect trend direction.. I recommended them to stick to 30M or higher timeframes.. Those should let go of all the smaller timeframes for at least 3 months.. I hope this answers your question..

Stay Green
Focus only on what truly matters!
  • #1,997
  • Oct 19, 2017 12:41pm Oct 19, 2017 12:41pm
market is facing very difficult situation in crossing the 1.1870 mark. This is very important area for breakouts in maintaining or giving a direction. As per the technical's this act as a shoulder of a pattern. The breakthrough to cross this level must be very significant, like central bank and other announcements from the govts. ECB's meeting may give that area to cross and go up or go down very significantly. The trades between 1.19 - 1.20 was very volatile(aggressive moves up and down) because the currency is too much valued or very expensive. There is no upside for euro area at the moment. It's because of the existing and upcoming political scenarios would unlikely give a reasonable boost to euro i.e there wont be any new economical policies.
FED was way ahead of ECB. There will be a announcement for the new fed chair. Draghi is not going to say anything on next week. He will say growth is moderate, wages and inflation not picking up, it will take some more time to pick up. We will cut some of our asset purchase program but will continue to purchase for 1 more year. Regional tensions causing disruptions to growth. Market will interpret this at first is good and later downside because there will be some bad GDP data.

What i'd do is i short it as it gets higher with low leverage. This meeting is the key and will drag it down to 1.15 or maybe below 1.14 and i wouldn't short it after that because underlying currency value.
  • #1,998
  • Edited 1:00pm Oct 19, 2017 12:49pm | Edited 1:00pm
Quoting Flouxpar
{quote} Hi Ata, I hv bn following your posts for a while now and others in this thread and it's obvious that you are well seasoned in forex trading, could you please share some of your trade plan, I will really appreciate that. Thanks.
If you are truly curious then please go back to the post below and start studying my logic first.. once you have questions around that post start asking me.. I will be happy to answer.. again first study it as much as you need and not just on daily but also apply same logic to the H1 chart.. then we can build up from there..

https://www.forexfactory.com/showthr...7#post10392417

Stay Green
Focus only on what truly matters!
  • #1,999
  • Edited 1:22pm Oct 19, 2017 1:06pm | Edited 1:22pm
Quoting Ata-Turkoglu
{quote} If you are truly curious then please go back to the post below and start studying my logic first.. once you have questions around that post start asking me.. I will be happy to answer.. again first study it as much as you need and not just on daily but also apply same logic to the H1 chart.. then we can build up from there.. https://www.forexfactory.com/showthr...7#post10392417 Stay Green
very nice pattern in that D1 chart
i wish it would be so boring for me too )
to get bored of just making money
MAKE IT RAIN
  • #2,000
  • Oct 19, 2017 1:06pm Oct 19, 2017 1:06pm
this one should be good for a quick scalping for 10-15 pips to the upside
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As Above, So Below
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