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  • #2,861
  • Oct 27, 2017 3:25am Oct 27, 2017 3:25am
Good thread, will follow it .
E/U seems exhausted at the moment, it could retrace a bit and then continue down. On 1D like many already pointed there is a big gap.
It could test 1.1600 today before it closes for the week.

Edit: Forgot to mention we have the NFP next week...
  • #2,862
  • Oct 27, 2017 3:28am Oct 27, 2017 3:28am
Quoting mihai1986
{quote} what if candles go above 26ema and 6sma crosses 26ema as well? looking to M5 for new selling entry?
Good question.. as long as 6ema is below 26ema it would mean bears are still strong.. and we would only look for sell.. but once 6 crosses above 26, we also could start risking buy opportunities.. (However I prefer to buy mostly while candles and 6ema is above 55ema but yes starting from the point you mentioned it is the earliest stage to look for long entries..

In a nutshell:
Highest chances to sell: 6ema below 26ema and both below 55ema..
High chances to sell (Lowest and earliest chances to buy): 6ema above 26ema but both below 55ema..
Mixed but chances shift to buy safer: Only 6ema is above 55ema and 26ema is still below 55ema..
Mixed buy chances shift to sell safer: Only 6ema is below 55ema and 26ema is still above 55ema..
High chances to buy (Lowest and earliest chances to sell): 6ema below 26ema but both above 55ema..
Highest chances to buy: 6ema above 26ema and both above 55ema..

If all lines are tangled and messed up closely withing each other like spaghetti: Don't trade.. stay on the sidelines and wait..

Stay Green
Focus only on what truly matters!
  • #2,863
  • Oct 27, 2017 3:35am Oct 27, 2017 3:35am
Quoting Ata-Turkoglu
{quote} Good question.. as long as 6ema is below 26ema it would mean bears are still strong.. and we would only look for sell.. but once 6 crosses above 26, we also could start risking buy opportunities.. (However I prefer to buy mostly while candles and 6ema is above 55ema but yes starting from the point you mentioned it is the earliest stage to look for long entries.. In a nutshell: Highest chances to sell: 6ema below 26ema and both below 55ema.. High chances to sell (Lowest and earliest chances to buy): 6ema above 26ema but both below 55ema.....
wathcing the M5 chart for all those signs? or M30?
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  • #2,864
  • Oct 27, 2017 3:50am Oct 27, 2017 3:50am
Quoting mihai1986
{quote} wathcing the M5 chart for all those signs? or M30?
I use 3 methods..

1) One is on daily only.. once I catch those signs I step down to H1 (2 lower timeframes to look for accurate entry)

2) One is on H4 only.. once I catch those signs I step down to M30 (2 lower timeframes to look for accurate entry)

3) One is on M30 only... once I catch those signs I step down to M5 (2 lower timeframes to look for accurate entry)

The logic and settings stay the same on all 3 methods.. pick 1 or 2 if you want to trade long term.. and pick 3 if you like to trade intraday..

Stay Green
Focus only on what truly matters!
  • #2,865
  • Oct 27, 2017 3:55am Oct 27, 2017 3:55am
Quoting ravenbg
Good thread, will follow it . E/U seems exhausted at the moment, it could retrace a bit and then continue down. On 1D like many already pointed there is a big gap. It could test 1.1600 today before it closes for the week. Edit: Forgot to mention we have the NFP next week...
you should not catch the falling knife but. Incase if it goes up 100 pips sell
  • #2,866
  • Oct 27, 2017 4:00am Oct 27, 2017 4:00am
Quoting Ata-Turkoglu
{quote} I use 3 methods.. 1) One is on daily only.. once I catch those signs I step down to H1 (2 lower timeframes to look for accurate entry) 2) One is on H4 only.. once I catch those signs I step down to M30 (2 lower timeframes to look for accurate entry) 3) One is on M30 only... once I catch those signs I step down to M5 (2 lower timeframes to look for accurate entry) The logic and settings stay the same on all 3 methods.. pick 1 or 2 if you want to trade long term.. and pick 3 if you like to trade intraday.. Stay Green
make sense
i do have a strong support around 1.1605. if it breaks next one is around 1.1555.
let's se how low can it go
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  • #2,867
  • Oct 27, 2017 4:01am Oct 27, 2017 4:01am
Quoting denisius
{quote} Try copy paste it.
it will never work
Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 43 KB
  • #2,868
  • Oct 27, 2017 4:02am Oct 27, 2017 4:02am
Quoting giveachance
{quote} you should not catch the falling knife but. Incase if it goes up 100 pips sell
if it goes up 100 pips i'll sell too
MAKE IT RAIN
  • #2,869
  • Oct 27, 2017 4:03am Oct 27, 2017 4:03am
Quoting PatienceFx
{quote} it will never work {image}
i posted it in format .doc
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  • #2,870
  • Oct 27, 2017 4:06am Oct 27, 2017 4:06am
Quoting mihai1986
{quote} make sense i do have a strong support around 1.1605. if it breaks next one is around 1.1555. let's se how low can it go
there is no support at the level. the nearest support is down at 1.1545 if it goes there. i dont think we get there today
  • #2,871
  • Oct 27, 2017 4:17am Oct 27, 2017 4:17am
Quoting giveachance
{quote} there is no support at the level. the nearest support is down at 1.1545 if it goes there. i dont think we get there today
i guess it all depends where you put your lines on the chart. and what indicators you use. 1.1607 on D1 fibonacci, 50% retracement. 1.1555 is based on a W1 chart. but is only 10 pips from your 1.1545. you know a support or a resistance is not a fixed point. it is more like an area around a level. my trader timeframe is UTC +1. for example between my charts and some of the charts here posted my ATA there is a diference.
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  • #2,872
  • Oct 27, 2017 4:24am Oct 27, 2017 4:24am
Quoting mihai1986
{quote} make sense i do have a strong support around 1.1605. if it breaks next one is around 1.1555. let's se how low can it go
Here you will see sweet spots for H4.. and I also created a H4 chart based on PINCHED trendlines.. Those are levels which have been resistance first but later turned into support (or vice versa) Some naked traders call it "pinched trendlines" but the technical term might be different.. Of course not to mention that all these levels are roughly support or resistance areas.. keep that in mind..

I hope it helps..

Stay Green
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Analysis.png Size: 40 KB
Click to Enlarge Name: EURUSD-H4-Analysis2.png Size: 99 KB
Focus only on what truly matters!
  • #2,873
  • Oct 27, 2017 4:24am Oct 27, 2017 4:24am
Looks like we are in minor wave 1 of corrective wave c. Maybe a retracement to kiss the triangle, but expecting more down movement.

Possible target 1.130x before we head back up for primary wave 3.

Daily Primary - Intermediate

Attached Image (click to enlarge)
Click to Enlarge Name: 27-10-17 Outlook Week44 Daily.jpg Size: 234 KB


H4 Intermediate - Minor

Attached Image (click to enlarge)
Click to Enlarge Name: 27-10-17Outlook Week 44.jpg Size: 226 KB
What's that smell? ---- I smell money!
  • #2,874
  • Oct 27, 2017 4:25am Oct 27, 2017 4:25am
the main thing is the open and close
if that changed much id be worried about what I saidAttachment g
Attached Image (click to enlarge)
Click to Enlarge Name: 01 eu trading view .png Size: 76 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #2,875
  • Oct 27, 2017 4:26am Oct 27, 2017 4:26am
Quoting Ata-Turkoglu
{quote} Here you will see sweet spots for H4.. and I also created a H4 chart based on PINCHED trendlines.. Those are levels which have been resistance first but later turned into support (or vice versa) Some naked traders call it "pinched trendlines" but the technical term might be different.. Of course not to mention that all these levels are roughly support or resistance areas.. keep that in mind.. I hope it helps.. Stay Green {image} {image}
i remember those bullet pictures
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  • #2,876
  • Oct 27, 2017 4:33am Oct 27, 2017 4:33am
Quoting SteFX85
This is what I think is happening now, we have completed the intermediate corrective B wave for completion of the triangle and will begin wave C downward to complete our second primary wave. The highest probabilty to FE 61.8 which is the same heigt as the triangle. After that a third primary wave up. Daily (Primary) {image} H4 (Intermediate - Minor) {image} {image}
Your wave C guess which you mentioned yesterday played out really well.. congrats for that..

Stay Green
Focus only on what truly matters!
  • #2,877
  • Oct 27, 2017 4:34am Oct 27, 2017 4:34am
Quoting Bones
the main thing is the open and close if that changed much id be worried about what I said2536391 {image}
Very clean chart.. many thanks for all of your inputs Bones.. appreciated..

Stay Green
Focus only on what truly matters!
  • #2,878
  • Oct 27, 2017 4:37am Oct 27, 2017 4:37am
I also want to sincerely thank all of our members who eagerly try to share their best.. you are creating the magic here.. wonderful job so far.. If I could I would hug each of you one by one..

Stay Green
Focus only on what truly matters!
  • #2,879
  • Oct 27, 2017 4:44am Oct 27, 2017 4:44am
Quoting 9jatrader
For 4hr traders a strong sell signal already formed, shooting star. Go for it friends. My daily EURUSD not moving. I will be trading 4hr for now on EU
4hrs traders, bullish trade on the way, based on stochastic trading. The main and signal crossed each other ans still on oversold region. If it can cross above 20 mark and bullish candle shows up, then opportunity for bulls.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #2,880
  • Oct 27, 2017 4:46am Oct 27, 2017 4:46am
Quoting PatienceFx
{quote} it will never work {image}
https://www.babypips.com/learn/forex...nd-the-animals
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