EURUSD

Lot of Eu news today

SL on Longs now at 118 23

Sell limit: 1.1845 sl@ 15 pips

08:31: Stop at 1.1842

8:34: stopped out.

Not my normal type of trade. I just wanted to prove a point to an associate who spends endless hours analysing complex price action setups and the like to pick up between 5 to 15 pips in profit. Seems like a complete waste of time for such a small amount of pips especially when 10 to 15 pip profit price action analysis can be done in less than 5 minutes looking at a 5 minute chart. But what do I know?

08:53: Currently trading the Beast: GBPNZD. Currently long @ 1.9349. Yesterday aside, EURUSD recent movements are to infrequent for me.

09:15: Model panel is the same as before except 4 hour is now on exit shorts.

09:24: GBPNZD closed for a loss at 1.9310

From time to time, it happens to the most of us.

Seems like the bears began hibernation and the bulls began their run although 1.1858 will be a key level to watch how price action will develop. Will it make a double top or rally thru?

EURUSD
======
As anticipated in our post dated Nov 21, the euro rebounded after a period of sideways and reached sofar 1.1846.




https://twitter.com/ADFINANCIALCORP/...32737868767232

raise SL on Longs at 1.18 35 [now 42] and thinking about reversing there, too.

1 hour model: Still long.


12:49: 1 hour model: hold (that is a very weak signal).

13:07: 1 hour model: Enter Long. I'll close the short I've just opened or rather move my stop to BE!

Looks like Eu May go down.. but

someone told me once:
everything that stands in front of "but" is bullshit, only the things after matter

EUR/USD looks ready to go at the short term resistance at 1.1870/

It is back to testing 1.1870 indeed. If it breaks out above that level I will open a long position as it could continue rallying to 1.2035.

That movement caught me out. Went long and just got stopped out.

Good Morning !

Today's S/R Levels on MT4 Templates

EURO
EURO PINK

https://www.forexfactory.com/showthr...8#post10525728

4: exit shorts
1 hour model : enter long


I don't agree so I'm short.

08:27: stopped out. That bloody model always seems to be right!

back at the PD high, above it the PW high.....

18799 the PM high.....

not easy........best set up soon after Frankie open.......sideline...

Seems like EUR/USD is at a tipping point, developing a potential double top on the daily chart @ 1.1861 plus we have options expire for today at:
1.7000 (1.4BLN), 1.1750 (551M) and 1.1900 (363M). So i would be careful going long today.

I'm out waiting for confirmation. Models still long so I am inclined to wait for a short entry signal and reevaluate at that point.

The models have historical breakouts, market profile, fib, pitchforks, Elliot waves and all many of technical setups on multiple time frames - from 5min to monthly - going back to 2003 crunched through quite a sophisticated deep-learning algorithm then empirically tested. So the model isn't exactly opinion but has been constructed using the scientific evidence based approach. I write this in case anyone reading thinks I am making these calls based on opinion or I have no respect for the staple of our profession: technical analysis, Elliot Wave and the traditional Dow theory approach. But a human doesn't have the mental capacity to analyse and construct a mental model of such historical variables on a real-time basis.

Hence the model.


But it's a model. It certainly picks better calls than I do. Like the shorts I made this morning. The model was screaming LONGGGGG but...well there are irrational moments when one thinks "this model has made 66 trades in the last month and it has been correct 90% of the time, nah...I don't believe it...something must be wrong" which irrationally can lead one to second guess or almost trade expecting to catch the time the model is wrong. Irrational, but that is part of getting used to the model.

On the sideline waiting for the model so rambling: Have tried to incorporate high impact news into the model but the data prep' workload is simply too high at the moment. I can't incorporate GANN because I simply cannot face studying the subject.

PD 1893
PW 1851

10:22: both 1 hour and 15 min are enter long. (I'm still bearish but would certainly consider a long if there is some type of pullback)

10:35: At last I can set up my own thread so I no longer have to continue to ramble here, which is probably annoying to most of you. Should you wish to continue to read my ramblings then you can find me here otherwise good luck on your trading journey: https://www.forexfactory.com/showthread.php?t=717741