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  • #14,321
  • Feb 23, 2018 2:06am Feb 23, 2018 2:06am
One more good fall expected soon. .. From 2292 level
  • #14,322
  • Feb 23, 2018 2:07am Feb 23, 2018 2:07am
Quoting Expo33
{quote} Standard Renko bricks. There are many ea/indicators for Renko. I am using this one: {file} It uses 7min offline chart and "allow DLL imports" needs to be checked.
Thank you very much!
  • #14,323
  • Feb 23, 2018 2:11am Feb 23, 2018 2:11am
H1 pinbar on high volume, I would be bullish for at least one hour. But big trend still bear, I do not turn generally to bull..
  • #14,324
  • Feb 23, 2018 2:56am Feb 23, 2018 2:56am
Quoting TudorIoan
USD, good start ahead London ! Let's see what London boys feels about it {image}
So much for the USD power
Member
  • #14,325
  • Feb 23, 2018 3:39am Feb 23, 2018 3:39am
my view... we are in LONG mode
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #14,326
  • Feb 23, 2018 3:51am Feb 23, 2018 3:51am
Entering Longs between 2290-2295 looks attractive on the Pitchfork.
  • #14,327
  • Feb 23, 2018 3:51am Feb 23, 2018 3:51am
Interesting looking at cross currency... EURUSD moves are being mainly driven by GBP move. 15minute momentum has changed and in early London session saw above average bullish push. My two cents.. 1.2301 will see further buying.

Who knows eh!? Im out the market at the moment due to babysitting :-/
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  • #14,328
  • Feb 23, 2018 4:05am Feb 23, 2018 4:05am
Quoting mbrown
I'll admit I was a little overexcited when the 96% setup appeared again. So entered large long too early and have been stopped out, I've exhausted my entire day's risk limit so my trading day is over before it has begun. The price doesn't normally fall back so far when it is a 96% day and I traded that fact, mosts times I would already be deep in pips but trading the entire day's risk was definitely fat piggy piggy! So now I'll only watch as the price shoots higher without me onboard!!! Probably going to be a 100 pip job! A strange week! Have a...
And just after the gambling talk to . wth lol Good week-end to ya bud
Attached Image (click to enlarge)
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  • #14,329
  • Feb 23, 2018 4:07am Feb 23, 2018 4:07am
I've been watching this pair closely since it was made clear it wanted to test 1.23 as support and I'm baffled by anyone that's been able to make sense of what's going on since the NY open on Wednesday... The forex market and specifically price action and pivot point trading has become more obscure to me than ever before these past days. I've began to see any consideration of price movement (from me or otherwise) a nearly equal possibility to price doing exactly opposite of expected.

I've had the common sense to stay out of the market for my own sake but if I had went either long or short at any point for a reasonable TP, I'd have been stopped out. And as for confirming whether price wants to retest 1.25 or push lower to 1.22, the market has made it completely unclear this week from my point of view. Anyway, hope everyone else can make sense of what I cannot and I'd love to hear some strategy and thinking that goes behind the decision to go long/short from you more experienced traders. This weekend couldn't come sooner, been awake since yesterday's NY open.

This is roughly what I mean:

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  • #14,330
  • Feb 23, 2018 4:09am Feb 23, 2018 4:09am
Quoting Montrealer
{quote} Weekly chart is the most Bearish on EU. We are over 650 pips above 200 SMA. MACD is also turning out Bearish. Also it looks extremely overbought on monthly chart. Can't last forever. Without visiting 1.22 and probably 1.20 this baby won't go anywhere. Although, fake rally to 1.2460 is possible (but never guaranteed) in the short term. Most likley spike to 1.236x-7x zone before selling. Stay cautious.
Oh completely agree its going down but this is only a retracement on the weekly I'm looking at 1.20 from there up to 1.27.

Here is the weekly chart you can see price consolidating nicely.
How did I get my 1.20 projection, simple I used the last retracement you can see (blue downward trendline) and projected it into the future to give my rough target.
Over all bias is long to 1.27, but there is opportunity to catch moves down on this retracement.

On the next chart we see the 4 hour, that triangle is still forming nicely, note triangles can break in either direction but I'm looking at getting a 100 pip move ish from the break if all goes to plan.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD weekly.png Size: 106 KB
Click to Enlarge Name: EU 4 triangle.png Size: 131 KB
  • #14,331
  • Feb 23, 2018 4:23am Feb 23, 2018 4:23am
Quoting krecci
I've been watching this pair closely since it was made clear it wanted to test 1.23 as support and I'm baffled by anyone that's been able to make sense of what's going on since the NY open on Wednesday... The forex market and specifically price action and pivot point trading has become more obscure to me than ever before these past days. I've began to see any consideration of price movement (from me or otherwise) a nearly equal possibility to price doing exactly opposite of expected. I've had the common sense to stay out of the market for my own...
Welcome to consolidation ,,,,,,70% of mkt time is exactly this ,,,,,
  • #14,332
  • Feb 23, 2018 4:27am Feb 23, 2018 4:27am
Mkt spent 2 years in a 600 pip range 2015 to thru 2017 ,,,,,,,,,,now its the same range its just pointed upwards and dorking around in the middle of it daily channel is bout 600 pips wide
  • #14,333
  • Feb 23, 2018 4:31am Feb 23, 2018 4:31am
Patiently waiting for a pullback to 1.2302 area to look for buy setup..

Stay Green
Focus only on what truly matters!
  • #14,334
  • Feb 23, 2018 4:32am Feb 23, 2018 4:32am
Quoting digger1
Mkt spent 2 years in a 600 pip range 2015 to thru 2017 ,,,,,,,,,,now its the same range its just pointed upwards and dorking around in the middle of it daily channel is bout 600 pips wide

what your call Diggs still ????? i am still up around the 1.244/5 area
  • #14,335
  • Feb 23, 2018 4:35am Feb 23, 2018 4:35am
Quoting Ata-Turkoglu
Patiently waiting for a pullback to 1.2302 area to look for buy setup.. Stay Green

Sorry Ata i didn't see you there mate
  • #14,336
  • Feb 23, 2018 4:43am Feb 23, 2018 4:43am
Quoting Dingoman-two
{quote} Sorry Ata i didn't see you there mate
2320 ,, my line in the sand atm ,,,,few shts from higher up yet ,,,looking for lower
  • #14,337
  • Feb 23, 2018 4:46am Feb 23, 2018 4:46am
Quoting digger1
{quote}And just after the gambling talk to . wth lol Good week-end to ya bud {image}
I deserved that! Well placed, right in the Bull balls!

In my defense, a 96% edge occasionally leads to over eagerness (at the moment I have got off my lazy ass and I'm coding it into an auto-system so this doesn't happen again, I'm a very good Pitchfork trader who has allowed other edges to get in the way) and at least I post bad outcomes not only the good ones (we all make mistakes and no one wins them all).
Attached Image
  • #14,338
  • Feb 23, 2018 4:47am Feb 23, 2018 4:47am
Quoting Dingoman-two
{quote} what your call Diggs still ????? i am still up around the 1.244/5 area
Last weeks low would be great by eod
  • #14,339
  • Feb 23, 2018 4:49am Feb 23, 2018 4:49am
The pair is flat around 1.23 today, but anyway bears are eyeing 1.2260 with next traget at 1.22. Then a double top will be formed on the daily chart.
  • #14,340
  • Feb 23, 2018 4:50am Feb 23, 2018 4:50am
At this time that E/U is ranging between 1.2303 -- 1.2318 be careful for 1.2303 which may bounce -up very fast, but if the H1 candle closes below it we will have range moving between 1.2298 -- 1.2277
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