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EURUSD

  • #1,140,241
  • Jan 26, 2018 2:22am Jan 26, 2018 2:22am
Taking a short at 1.2481 SL1.2495
  • #1,140,242
  • Jan 26, 2018 2:59am Jan 26, 2018 2:59am
Quoting tunamelt
Taking a short at 1.2481 SL1.2495
TP at 1.2453
  • #1,140,243
  • Jan 26, 2018 3:18am Jan 26, 2018 3:18am
Short EURUSD from 1.2460 (50% retracement from yesterday's shooting star), SL 1.2540

Trend reversal towards 1.2100 and 1.2000

Reason:
- H4 Bearish Engulfing with huge volume spike

- D1 shooting star with huge volume

- COT report (USD & EUR at the most extreme speculators)

- Interestingly, while EUR/USD hit 1.2500, the quote USD/EUR also hit 0.8000 (also a significant round number)

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  • #1,140,244
  • Jan 26, 2018 3:50am Jan 26, 2018 3:50am
DAILY FOREX TRADE EURUSD SELL 1

Inserted Video
  • #1,140,245
  • Jan 26, 2018 4:03am Jan 26, 2018 4:03am
Don't fight trending market
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 20.0%
  • #1,140,246
  • Jan 26, 2018 4:05am Jan 26, 2018 4:05am
More fast and furious action in the currency markets as US President Trump contradicted “weak Dollar good for trade” claims made by Treasury Secretary Mnuchin with a wish to see a strong USD and prediction that it will get stronger and stronger.

Seems like a downward correction on EUR/USD is overdue.

Option expiries of note for today's 15:00 GMT
EUR/USD: 1.2400 (727M), 1.2420-25 (541M), 1.2450 (402M), 1.2500 (682M)
  • #1,140,247
  • Jan 26, 2018 4:18am Jan 26, 2018 4:18am
Quoting Jonstaples
More fast and furious action in the currency markets as US President Trump contradicted “weak Dollar good for trade” claims made by Treasury Secretary Mnuchin with a wish to see a strong USD and prediction that it will get stronger and stronger. Seems like a downward correction on EUR/USD is overdue. Option expiries of note for today's 15:00 GMT EUR/USD: 1.2400 (727M), 1.2420-25 (541M), 1.2450 (402M), 1.2500 (682M)
Many at time fundamentals go one way and market reaction takes different direction. This is where candlestick rules when complemented by fundamentals
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 20.0%
  • #1,140,248
  • Jan 26, 2018 4:41am Jan 26, 2018 4:41am
Quoting 9jatrader
{quote} Why taking huge risk in demo while one certainly not do that in live. Demo practice in that case would make no sense

Dude, they are algos that I have created they are on DEMO for forward testing only. Surely you understand algorithmic trading methodology, they are 99 EOD algos running on an account to collect information. They are 99 of them and they are EOD. It doesn't matter how well you build the algo' errors can creep in, you may think you've created a trend following algo but due an an error it may take the wrong trades and that is the point of forward testing. You started trading in May 2015, I've been doing it since 2000 don't let the red tag cloud your real experience level.

Being lectured at by a noob doesn't sit well because today I've forgotten more about trading than you've probably learnt in the last couple of years.
  • #1,140,249
  • Edited 5:02am Jan 26, 2018 4:44am | Edited 5:02am
There is a reason why this time shorting EURUSD make a lot of sense today:

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USD Index Daily Candle in 17th December 2014

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EUR/USD Daily Candle in 17th December 2014

The supply zone here is fresh & is tested the first time after 3 years, yesterday’s high around 1.2540 is the first test and the pinbar printed even had a longer wick than the whole body of Wednesday’s big bullish candle, as shown in both USD index & EURUSD.

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But of course in the market nothing is 100% guaranteed but the probability for this reversal trade is rather higher than ever before.
  • #1,140,250
  • Jan 26, 2018 5:03am Jan 26, 2018 5:03am
Quoting amikaking
There is a reason why this time shorting EURUSD make a lot of sense today: {image} USD Index Daily Candle in 17th December 2014 {image} EUR/USD Daily Candle in 17th December 2014 The supply zone here is fresh & is tested the first time after 3 years, yesterday’s high around 1.2540 is the first test and the pinbar printed even had a longer wick than the whole body of Wednesday’s big bullish candle, as shown in both USD index & EURUSD. {image} {image} But of course in the market nothing is 100% guaranteed but the probability for this reversal trade...
Hello - If i may ask, how did you get the USDXY chart on your phone like that? I use my phone as well (mt4), but cant find it anywhere. Thank you!
Zip
  • #1,140,251
  • Jan 26, 2018 5:06am Jan 26, 2018 5:06am
Quoting Piptaker64
{quote} Hello - If i may ask, how did you get the USDXY chart on your phone like that? I use my phone as well (mt4), but cant find it anywhere. Thank you!
I’m using Pepperstone server MT4, not all brokers provide USDx chart though. Some brokers like Liteforex (u can go create demo & view their chart) provide indexes for all 7 majors (usd/eur/gbp/jpy/chf/nzd/aud/cad)
  • #1,140,252
  • Jan 26, 2018 5:11am Jan 26, 2018 5:11am
shorting made sense imho too, but now reversed to long @ 1.2457
  • #1,140,253
  • Jan 26, 2018 5:12am Jan 26, 2018 5:12am
Everytime i see people expecting the EURO to be bearish, the bullish run continues
  • #1,140,254
  • Edited 5:54am Jan 26, 2018 5:13am | Edited 5:54am
Trump shoots the euro long term to 1.60

Hello dear traders,

Enclosed an interesting article by Godmode Trader from Germany. Unfortunately I did not find this article in english. But you can have this article translated by google.


https://www.godmode-trader.de/analys...-16000,5681615





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This is very interesting because it confirms my supposition of the post of 06.January 2018



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https://www.forexfactory.com/showthr...&page=3http://



best regards
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #1,140,255
  • Jan 26, 2018 5:17am Jan 26, 2018 5:17am
Quoting honesttrader
Everytime i see people expecting the EURO to be bearish, the bullish run continues
I’m not really EURO bearish in the mid term to longer term, but the first test of fresh supply zone which aged 3 years has very high probability of bringing a 200-400 pips correction potential. The market don’t just shoot up without retracement, but yesterday’s significant pinbar serve as a sign that the big boys are cashing in 1.2500 TP level and a correction will come soon.

This is so called Swing Trading. (don’t confuse with counter trend, or whatever they call it)
  • #1,140,256
  • Jan 26, 2018 5:25am Jan 26, 2018 5:25am
Quoting Bionics
Trump shoots the euro long term to 1.60 Hello dear traders, Enclosed an interesting article by Godmode Trader from Germany. Unfortunately I did not find this article in english. But you can have this article translated by google. https://www.godmode-trader.de/analys...-16000,5681615 {image} best regards
Agreed.
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  • #1,140,257
  • Jan 26, 2018 6:18am Jan 26, 2018 6:18am
Quoting cvds16
shorting made sense imho too, but now reversed to long @ 1.2457
reversed to short again: misread my chart ...
  • #1,140,258
  • Jan 26, 2018 10:18am Jan 26, 2018 10:18am
SL for shorts , at 1.24 49 fttb

  • #1,140,259
  • Jan 26, 2018 10:40am Jan 26, 2018 10:40am
So is the Euro dominace over the us dollar done?
  • #1,140,260
  • Jan 26, 2018 11:21am Jan 26, 2018 11:21am
Quoting Mr.Mike
So is the Euro dominace over the us dollar done?
imho, 90% yes from current level 1.2420 after strong rejection from 1.2538 yesterday (3 years old supply zone, first test)

and target 1.2100 and also 1.2020 (23% of eurusd uptrend from 3 Jan 2017)

close out profit +40 pips for today, don leave any position open during weekend

resell on monday

good luck
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