I'm bearish on the pair for the mid term. Possible target 1.20.
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedDear Traders, I dropped off this post this morning at 08:44 CET. If the course is going back this day, please pay attention to the following POC {image} We will take a closer look at the result {image} Positive: Just under 100 pip is a good result Self-criticism: The resistance and support lines have worked. Unfortunately, the price did not go to the last resistance. I had plotted the POC in the 15 M chart and assumed that the drawn POC is stronger than the POC with the white circle. The reason, I had not looked in the 5 minute chart, because then...Ignored
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Today's offer that can't be refused is: LONG @ 2412 - SL 30 PIPS.Ignored
Disliked{quote} Come on. Price stopped at the middle line reversed then continued to decline. How is a trader supposed to trade that? Asking as a person who is familiar with POC and other MP and VP concepts (in practice). This is what we like: {quote} No ambiguity, specific and precise.Ignored
Disliked{quote} Hello mbrown, Thank you for your comment. A POC line can act as either support or resistance. Whether the course fails or passes shows the respective situation. First of all, it is crucial in which direction I trade. Then I should pay attention to my created POC lines, which I have drawn in the chart itself. For me as a trader who trades down, it is only crucial to which POC the course could come back completely. (as you could watch nicely in the last 3 hours) As you said, we all learn. Thank you also for the information, which kind of post...Ignored
DislikedHello m brown, the background why I drew 5 POC lines against 09:00 CET will not be clear until you look at the price history around 22:00 CET. {image} These are rough POC lines that have to be refined individually in a smaller timeframe. A POC line indicates where a balance has previously taken place. In 4 out of 5 POC lines, the price has returned to equilibrium. This means that the price can make a turnaround afterwards, or further confirm the trend. When I wrote this morning that the price is going down, I have only drawn POC lines from 30 pip...Ignored