Attachments: EURUSD only

EURUSD only

#14,881
Feb 28, 2018 1:08am Feb 28, 2018 1:08am

matkooooo
| Joined Dec 2015 | Status: Trader | 184 Posts

Quoting ivob

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{quote} BTW about these high volume/low range candles... We have to also check the higher timeframe. It may look like high volume / low range on the 5min but then when the 15min finishes it may be that not much is going on. The higher timeframe prevails then.

Ignored

Me personally checking these climax churn candles a lot. And I have some personal teories about them. On M5 You can see lot of them around 1hour/"exactly..+-5minutes "/ after market open and you have to check if they are above or bellow open price. /bellow=uptrend, above=downtrend/. Later on day this can indicate real move of the market. Even if it looks completely different, market move at least 500points /to realize profit/ . Pure gold, check this if you are into VSA.

#14,882
Feb 28, 2018 1:12am Feb 28, 2018 1:12am

Ralffe
| Commercial User | Joined Jul 2017 | 660 Posts

Start thinking 1.18..

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Conventional trading is for losers

#14,883
Feb 28, 2018 1:17am Feb 28, 2018 1:17am

Starcraftmaz
Joined Mar 2012 | Status: Trader | 1,983 Posts

I think ideally stay out until after GDP data, would not be surprised to see a fakeout to the downside and then rally upwards post-data. Typical EU.

#14,884
Feb 28, 2018 1:19am Feb 28, 2018 1:19am

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts

Quoting foxtraderfx

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Hi Kindly who can suggest logically 1.22000 is the reversed level, please

Ignored

Previous swing low on daily chart ,an obvious bounce level ,,,,,,,,,if buying use a tight stop and watch the 2250 to 2259 level to take some profit or lock some profit in ,,,,,,,that level being being last weeks low ,,it will be a resistance area if / when price reaches it

#14,885
Feb 28, 2018 1:29am Feb 28, 2018 1:29am

ivob
| Joined Sep 2011 | Status: Trader | 270 Posts

Quoting matkooooo

Disliked

{quote} Me personally checking these climax churn candles a lot. And I have some personal teories about them. On M5 You can see lot of them around 1hour/"exactly..+-5minutes "/ after market open and you have to check if they are above or bellow open price. /bellow=uptrend, above=downtrend/. Later on day this can indicate real move of the market. Even if it looks completely different, market move at least 500points /to realize profit/ . Pure gold, check this if you are into VSA.

Ignored

Sure, I don't disagree. But a lot of these 5min candles may look very differently as 15min candles.

Trouble lies in what we believe to know for sure that just ain't so.

#14,886
Feb 28, 2018 1:42am Feb 28, 2018 1:42am

matkooooo
| Joined Dec 2015 | Status: Trader | 184 Posts

Quoting ivob

Disliked

{quote} Sure, I don't disagree. But a lot of these 5min candles may look very differently as 15min candles.

Ignored

Yes, but I learnt that every this climax churn candle /even M1/ is very important. They work similar,they just cause smaller move on lower TF and bigger move on higher TF. / M1 - 100-200points , M5 - 500points tyically , M15 - 1000points, M30+H1+H4 - 2500 or 5000 / .
Very good indication of right move is when you see large candle on high volume crossing radically all this area.

Something what happened today on image. /consolidate positions at night and crossing on London open/

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#14,887
Feb 28, 2018 1:45am Feb 28, 2018 1:45am

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts

Quoting foxtraderfx

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Hi Kindly who can suggest logically 1.22000 is the reversed level, please

Ignored

Just to be clear lol,, not saying a full blown reversal,,,but a bounce from a previous swing low is not out of the question ,,,,,,Has been a small head and shoulder pattern that has reached its projected tgt ,,even tho time and time again its told patterns mean nothing ,,,,,,maybe some just dont really know to use them ,very reliable and you know when they have failed or reached their projected tgt ,,,,,,,,at any rate last weeks low and yesterdays mid point will be resistance areas as yesterdays mid point is the neckline of small pattern if price decides to work up for a bit ,,cheers

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#14,888
Feb 28, 2018 2:00am Feb 28, 2018 2:00am

foxtraderfx
| Joined Sep 2015 | Status: Trader | 78 Posts

Thanks digger1 for your kind attention and reply
To be honest, calculation has proved the pair goes toward 1.2176 and after some Ups and Downs goes toward even 1.2112 or below it though as some traders posted it'll reverse i want to know what they see that i can not, although bouncing back toward 1.2265 is very logical to get enough momentum for breaking 1.2200 .
By the way, thanks for your kind reply

#14,889
Feb 28, 2018 2:05am Feb 28, 2018 2:05am

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts

Quoting foxtraderfx

Disliked

Thanks digger1 for your kind attention and reply To be honest, calculation has proved the pair goes toward 1.2176 and after some Ups and Downs goes toward even 1.2112 or below it though as some traders posted it'll reverse i want to know what they see that i can not, although bouncing back toward 1.2265 is very logical to get enough momentum for breaking 1.2200 . By the way, thanks for your kind reply

Ignored

Ah ,,no worries man we are looking for the same thing thing our own acct growing ,,,,really looking for 1.20 at some point maybe even below but I will take what the mkt gives up or down,, cheers

#14,890
Feb 28, 2018 2:10am Feb 28, 2018 2:10am

digger1
Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts

Quoting foxtraderfx

Disliked

Thanks digger1 for your kind attention and reply To be honest, calculation has proved the pair goes toward 1.2176 and after some Ups and Downs goes toward even 1.2112 or below it though as some traders posted it'll reverse i want to know what they see that i can not, although bouncing back toward 1.2265 is very logical to get enough momentum for breaking 1.2200 . By the way, thanks for your kind reply

Ignored

Nothing to really change this picture for me as of yet ,,,,until it does I will be thinking this way ,,,,,,,,,Q R1 or 2168 next daily chart level to get too then down towards last quarters open ,untill something changes

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#14,891
Feb 28, 2018 2:42am Feb 28, 2018 2:42am

ivob
| Joined Sep 2011 | Status: Trader | 270 Posts

+17 pips, not trading very well..

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Trouble lies in what we believe to know for sure that just ain't so.

#14,892
Feb 28, 2018 4:19am Feb 28, 2018 4:19am

Lot77
| Joined Dec 2017 | Status: Trader | 250 Posts

EUR/USD shows hesistation at the support area 1.2205 – 1.2170. The post-Powell sentiment prevail and if bears found no reason to feel comfortable in this zone, may try to move to the south by testing the January’s low at 1.2164 which if broken will provide next target at 1.2100.

#14,893
Feb 28, 2018 4:21am Feb 28, 2018 4:21am