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  • #5,281
  • Nov 18, 2017 8:55am Nov 18, 2017 8:55am
EU DAILY
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Self discipline It is a practice
  • #5,282
  • Nov 18, 2017 9:45am Nov 18, 2017 9:45am
It will be a move up maybe even a gap up then into a down trend.....HTf analysis look at the rejection of the candles to the north on the daily
price action is the only way
  • #5,283
  • Nov 18, 2017 10:16am Nov 18, 2017 10:16am
Quoting Stillearnin
We already dipped below 1.1770 according to xe.com during weekend so direction is clearly still down. What they did though during friday was pretty confusing. Price reacted to every support possible and even created a fake low. Probably gap down will follow on monday so shorts should be happy if they held through the weekend!
Not sure what you're saying. Xe quotes 1.1791 as of 1 min ago
  • #5,284
  • Nov 18, 2017 3:00pm Nov 18, 2017 3:00pm
Quoting Laditori
I think it's fair to state the EUR/USD could go in either direction this week. So trade carefully.....there will be much safer investment opportunities down the road.

I agree it could go either way. But, whichever way it goes, it'll explode. I've placed stop loss take profit orders both long and short, above and below significant resistence levels. Whichever way it goes, I'll probably make a lot. I'll only lose a little max due to my stop losses.
  • #5,285
  • Nov 18, 2017 8:45pm Nov 18, 2017 8:45pm
I am hoping that this new thread is different from the old eu one where we often see calls for PA to go either directions instead of being committed to just whether up or down. It's ok and perfectly normal for convictions to change direction as PA develops but not call like if it's not going up then it will go down or price can go either up or down which sounds silly and ludicrous and therefore make a mockery out of this new thread. Hope the OP can discourage such calls being posted to maintain a high integrity worthy of its good name and gold standard. Moreover it can prevent shenanigans from proliferating and polluting this thread.Just my honest input. Disregard my msg if you disagree.

Cheers,
  • #5,286
  • Nov 18, 2017 9:28pm Nov 18, 2017 9:28pm
Quoting genghistar
I am hoping that this new thread is different from the old eu one where we often see calls for PA to go either directions instead of being committed to just whether up or down. It's ok and perfectly normal for convictions to change direction as PA develops but not call like if it's not going up then it will go down or price can go either up or down which sounds silly and ludicrous and therefore make a mockery out of this new thread. Hope the OP can discourage such calls being posted to maintain a high integrity worthy of its good name and gold standard....
I appreciate your comment, and understand the basis of it. But my reasoning is more sophisticated than I believe you're thinking. I'm stating that the price is resting right at a resistance level. Furthermore, there's a lot of buildup and a major decrease in volume over time. Given a spike in volume, which is probable, mixed with a strong movement in either direction either above or below that resistance level, the trend will continue. I'm not changing my prediction whimsically. If it passes support beyond specified levels, it won't go back down. If it goes down said level, it will continue till it hits specified point. I also defined clear reversal points in either case. I appreciate the integrity of the thread, but there's no indication at this point in my opinion rather the current up trend will pass current resistance and maintain or break the trendline and go down. Notice the fibb resistance levels are identical to the length of the triangle from the trendline. This indicates the reversal point in either trend. The 2nd Gibb level is current resistance. The first represents a reversal point, and the 3rd another depending on the direction of the trend. I'll make a prediction after it breaks out, but it's not safe to place a long OR short right now until it's confirmed by movement. Once it is, it will continue till specified points.
  • #5,287
  • Nov 18, 2017 11:01pm Nov 18, 2017 11:01pm
Post like a signal service but they must include the entry price for their market/pending order and their initial stop loss.

 

  1. Example 1: Entered LONG at 1.1850, Initial SL: 1.1820
  2. Example 2: I've just put a Buy Limit pending order at 1.0890, my initial SL is 1.0850


This is exactly what the O/P wrote when he started this thread and as long as it remains unchanged I will assume that it is still applicable.

No other comments.

Cheers,
GS

  • #5,288
  • Nov 18, 2017 11:14pm Nov 18, 2017 11:14pm
Quoting genghistar
Post like a signal service but they must include the entry price for their market/pending order and their initial stop loss. Example 1: Entered LONG at 1.1850, Initial SL: 1.1820 Example 2: I've just put a Buy Limit pending order at 1.0890, my initial SL is 1.0850 This is exactly what the O/P wrote when he started this thread and as long as it remains unchanged I will assume that it is still applicable. No other comments. Cheers, GS

I'll edit my initial post to include those. I didn't realize that was something the thread starter wanted us to do. Thanks for heads up.
  • #5,289
  • Nov 19, 2017 12:36am Nov 19, 2017 12:36am
Quoting Sarrastro
{quote} Not sure what you're saying. Xe quotes 1.1791 as of 1 min ago
It dipped below 1.1770 yesterday and now it's back to 1.1791 yes.
  • #5,290
  • Nov 19, 2017 1:58am Nov 19, 2017 1:58am
Guys, pls recommend a drawing tool for mt4
  • #5,291
  • Nov 19, 2017 5:40am Nov 19, 2017 5:40am
drawing tool is built in MT4
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #5,292
  • Nov 19, 2017 6:04am Nov 19, 2017 6:04am
EU has no clear direction for now on the longer TF. So choppy
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #5,293
  • Edited 7:24am Nov 19, 2017 6:39am | Edited 7:24am
Quoting genghistar
I am hoping that this new thread is different from the old eu one where we often see calls for PA to go either directions instead of being committed to just whether up or down. It's ok and perfectly normal for convictions to change direction as PA develops but not call like if it's not going up then it will go down or price can go either up or down which sounds silly and ludicrous and therefore make a mockery out of this new thread. Hope the OP can discourage such calls being posted to maintain a high integrity worthy of its good name and gold standard....
Agreed. I've also been guilty of this recently. In future I'll post my calls from the list below. Drawn from the attached system I'm debugging. Clearer document attached.

Timeframe of signal (one hour or four hours)
% ------All at current price
-100---- High probability short
-75------ Moderate short
-50------ Consider shorts
<=-25---- Exit longs
0 ---------Hold
>=25--- Exit shorts
50-------- Consider longs
75-------- Moderate long
100------- High probability long



So (according to system) the latest entry was a moderate probability long but the latest bar (22:00 GMT) is signalling high probability long.

Finally, in the spirit of Bones' top down analysis, there is a "consider longs" entry open on the 4 hour timeframe. I won't be posting images in future (take up too much space), just calls from the above list for anyone interested.

P.S. my account is net short
P.P.S. For those who may be wondering: I'm not trying to butter you up for commercial exploitation. Why would I? My income comes from the market so don't need the coins and hassle that go with the commercial side and never will. There is more than enough cheddar to go around without that!
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  • #5,294
  • Nov 19, 2017 7:02am Nov 19, 2017 7:02am
Quoting 9jatrader
EU has no clear direction for now on the longer TF. So choppy
I actually have the exact opposite view. Very, very clear IMO.
check out my blog: forexmademillionaire dot com
  • #5,295
  • Nov 19, 2017 7:21am Nov 19, 2017 7:21am
long term as per Tarot reading is long.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #5,296
  • Nov 19, 2017 8:37am Nov 19, 2017 8:37am
Quoting Geppy
{quote} I actually have the exact opposite view. Very, very clear IMO.
Hmmm Geppy, I remember you from the competition you had with one other trader a long long long while ago..

Good to have you back..
I liked that competition thing and would love to have one with you or anyone else in future.. I liked the idea behind it...
  • #5,297
  • Nov 19, 2017 8:51am Nov 19, 2017 8:51am
Quoting Geppy
{quote} I actually have the exact opposite view. Very, very clear IMO.
I see short rise up or a gap up followed by a big move down?
  • #5,298
  • Nov 19, 2017 8:54am Nov 19, 2017 8:54am
Quoting okshop
EU DAILY {image}
correct, now eu can go up only if it trades above 1850 , otherwise ranging within last week's candle
  • #5,299
  • Nov 19, 2017 9:18am Nov 19, 2017 9:18am
I know this is a eur usd only thread, but for the sake of determining the strength of both currencies, JPY is down, eur jpy is down stronger than gdp jpy, usd jyp is also down. GBP USD is strong, AUD USD is flat AUD JPY Down stronger than usd jpy. It seems the euro is shrinking and the usd is mixed, possible down. I'm sure both the euro and usd are downtrending. This could be very volatile soon. If EITHER the usd or euro gain strength, it will effect the eur usd.
  • #5,300
  • Nov 19, 2017 10:23am Nov 19, 2017 10:23am
Usually, An uptrend and a consolidation above, means Market has further room to go up. The lighter i.e the amount of time (Shorter) it spent on the consolidation means the most likely it will come down soon and go below the ranged level. The heavier i.e the significant amount of time in spent on the consolidation, the market will take more time to come down below the consolidated area i.e It will go above consolidated area and the when it comes back it take time on the consolidated area again and make a move.

At the moment, it looks to me it is consolidating. It still has the momentum to go up, may be upto 1.19 - 1.1920. I think it will touch these spots and make a pullback to below 1.16.

Lets see.
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