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EURUSD only

  • #2,401
  • Oct 24, 2017 8:44am Oct 24, 2017 8:44am
30 minute two period reversal
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Founder of Sutherland Wave Principle
  • #2,402
  • Oct 24, 2017 8:47am Oct 24, 2017 8:47am
Quoting suthmo
30 minute two period reversal {image}
Or maybe a retest of shaded area ,, then up bout to find out
  • #2,403
  • Oct 24, 2017 9:00am Oct 24, 2017 9:00am
Quoting Tradingwithw
{quote} The range 1860-1720 should hold until Thursday so long as Trumpy and the Korean behave. Good time to scalp while it's calm Thursday should break the top or the bottom of the range depending on ECB- flop = visit 1.1660 and possibly break for the numbers I've said earlier, if the ECB tapers then the 20 handle is back open for business before the end of the year.... Technically I'd love to short @ 1.1800 on a spike after ECB flop....otherwise if the ECB tapers, I will not look at technical and I will simply press the buy button. Also, any mention...
I will first wait to see how strong bulls are.. bears can't go through the neckline of H&S before they know for sure that bulls are done.. and bulls are not done yet imho.. but yes I would love to short too.. just I try not to rush..

Stay Green
Focus only on what truly matters!
  • #2,404
  • Edited Oct 25, 2017 12:37am Oct 24, 2017 9:01am | Edited Oct 25, 2017 12:37am
I did my analysis on EUR/USD and it looks quite bearish to me.
Looking at a head & shoulders pattern on the daily, uptrendline broken.
Momentum EMA 5 / SMA 8 on the daily is down.

This could be a correction in long term uptrend. Looking for next major support around 130x

I decided to put a sell stop @ 1.17420
S/L 1.17770 (35PIPS)
T/P 1.12680 (474PIPS)
Adjusting S/L To MAP(+20PIPS) @ 1.16608

Entry on crossing EMA 5 / SMA 8 on the H4
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What's that smell? ---- I smell money!
  • #2,405
  • Oct 24, 2017 9:08am Oct 24, 2017 9:08am
Quoting littlemole85
such a beauty, especially with that spike on M5. Still holding my shorts, 1.170x is coming {image}
Dear Bears,
I suspect that you didn't see my post from the morning So I share it again
to be serious,
this was a totally annoying and boring London session, it is struggling with the resistance, but cannot fall. USD was the winner today, but not with EUR (maybe because of the positive news). Otherwise Iam still bearish and holding the shorts.
Cheers
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  • #2,406
  • Oct 24, 2017 9:11am Oct 24, 2017 9:11am
The market sleeping again shhhh. Life's calling I gotta go.... OUTSIDE! and do STUFF that's not trading..?
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Founder of Sutherland Wave Principle
  • #2,407
  • Oct 24, 2017 9:17am Oct 24, 2017 9:17am
Opened a new buy trade at 1.1764

SL: 1.1743 TP: 1.1785 (1:1 RR)

Stay Green
Focus only on what truly matters!
  • #2,408
  • Oct 24, 2017 9:19am Oct 24, 2017 9:19am
Quoting Ata-Turkoglu
Opened a new buy trade at 1.1764 SL: 1.1743 TP: 1.1785 (1:1 RR) Stay Green
buy not sell? whether eurusd can not go down again today?
  • #2,409
  • Oct 24, 2017 9:27am Oct 24, 2017 9:27am
Quoting aunk
{quote} buy not sell? whether eurusd can not go down again today?
While above 1.1744 and 1.1762 bulls have better chances I believe.. but who knows... time will show..

Stay Green
Focus only on what truly matters!
  • #2,410
  • Oct 24, 2017 9:32am Oct 24, 2017 9:32am
Quoting Ata-Turkoglu
{quote} While above 1.1744 and 1.1762 bulls have better chances I believe.. but who knows... time will show.. Stay Green
thanks for the analysis
  • #2,411
  • Oct 24, 2017 9:33am Oct 24, 2017 9:33am
Quoting SteFX85
I did my analysis on EUR/USD and I looks quite bearish to me. Looking at a head & shoulders pattern on the daily, uptrendline broken. Momentum EMA 5 / SMA 8 on the daily is down. This could be a correction in long term uptrend. Looking for next major support around 130x I decided to put a sell stop @ 1.17420 S/L 1.17770 (35PIPS) T/P 1.12680 (474PIPS) Adjusting S/L To MAP(+20PIPS) @ 1.16608 Entry on crossing EMA 5 / SMA 8 on the H4 {image}
True.. it's been absolutely a long term head&shoulders pattern building up.
It's clear and visible like those ones in trading elementary school book.
However FUNDAMENTAL has always higher priority over technical analysis so please mind your tight stops on Thursday ECB.
It might be a choppy market and wider spreads on ECB may easly trigger your stops only to see the market goes in your direction later on.
Anyway... good luck with it...
Read Charts - Not Papers
  • #2,412
  • Oct 24, 2017 9:34am Oct 24, 2017 9:34am
Quoting aunk
{quote} buy not sell? whether eurusd can not go down again today?
Learn from the past I say. If you check H4 you will see that how 1.173x was defended by the bulls. Todays movement was nothing compared to the last(2017.10.18). This tells me that tomorrow it will be tested again and we will see. Iam bearish, but it can happen that they will defend again (my stops will save me), but if not 1.170x will come. And don't forget that we will have an ECB Press Conference and a bid rate decision. Ata can be right, it is only 20 PIPs.. I don't care until we are under 1.18
  • #2,413
  • Oct 24, 2017 10:22am Oct 24, 2017 10:22am
Im not as experienced as you guys, so please dont take my following direction prediction as anything but my first attempt to input on this thread (I could be completely wrong, but so far in the last 4 hours its been positive). I think its stalling in this 1.17580-1.17610 range and heading back up to 1.17660-1.17780 range. fingers crossed.
First they ask WHY you're wasting your time, then they ask HOW you did it!?
  • #2,414
  • Oct 24, 2017 10:24am Oct 24, 2017 10:24am
Quoting Chris2FX
Im not as experienced as you guys, so please dont take my following direction prediction as anything but my first attempt to input on this thread (I could be completely wrong, but so far in the last 4 hours its been positive). I think its stalling in this 1.17580-1.17610 range and heading back up to 1.17660-1.17780 range. fingers crossed.
correction, i think its going to the 1.17760-1.17780 (not the 1.17660-1.17780 range), the dropping again
First they ask WHY you're wasting your time, then they ask HOW you did it!?
  • #2,415
  • Oct 24, 2017 10:43am Oct 24, 2017 10:43am
price will go where it has to. i see people spending too much afford trying to guess the levels. here what will happen with certainty: price will either go up or down. if your guess is right, try to maximize the profit; if wrong, try to minimize the loss. there really nothing else should concern the trader.
As Above, So Below
  • #2,416
  • Oct 24, 2017 10:54am Oct 24, 2017 10:54am
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ReAl MoDe: ON
  • #2,417
  • Oct 24, 2017 10:55am Oct 24, 2017 10:55am
Quoting tashkent
price will go where it has to. i see people spending too much afford trying to guess the levels. here what will happen with certainty: price will either go up or down. if your guess is right, try to maximize the profit; if wrong, try to minimize the loss. there really nothing else should concern the trader.
I guess that one, tried and tested method, of maximizing profit and minimizing losses is....assessing respected price levels!

Each to their own, however.

Good luck.
  • #2,418
  • Oct 24, 2017 10:56am Oct 24, 2017 10:56am
Quoting tashkent
price will go where it has to. i see people spending too much afford trying to guess the levels. here what will happen with certainty: price will either go up or down. if your guess is right, try to maximize the profit; if wrong, try to minimize the loss. there really nothing else should concern the trader.
agreed, thanks for the input. surf the direction as long as possible then wait for the next swell.
First they ask WHY you're wasting your time, then they ask HOW you did it!?
  • #2,419
  • Oct 24, 2017 11:03am Oct 24, 2017 11:03am
Quoting tashkent
price will go where it has to. i see people spending too much afford trying to guess the levels. here what will happen with certainty: price will either go up or down. if your guess is right, try to maximize the profit; if wrong, try to minimize the loss. there really nothing else should concern the trader.
agreed, thanks for the input.
aaaaand completely wrong on that one, SL hit. dang nabbit! could go back up as i mentioned earlier but i've gotten cocky because of last few hours; profit. time to chill and quickly gain control of mentality
First they ask WHY you're wasting your time, then they ask HOW you did it!?
  • #2,420
  • Oct 24, 2017 11:36am Oct 24, 2017 11:36am
Quoting Chris2FX
{quote} agreed, thanks for the input. aaaaand completely wrong on that one, SL hit. dang nabbit! could go back up as i mentioned earlier but i've gotten cocky because of last few hours; profit. time to chill and quickly gain control of mentality
nothing wrong with being wrong as long as one acknowledges it.
i have decided to sit tight on my hands until this indecisiveness disappear. better to wait until higher highs or lower lows emerge for more effective trading.
As Above, So Below
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