Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 70 | Forex Factory

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Attachments: Dragon or Snake - GU, UJ, GJ, EU, EJ
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Dragon or Snake - GU, UJ, GJ, EU, EJ

  • #1,381
  • Mar 6, 2018 5:52am Mar 6, 2018 5:52am
Nice breakout on EU. If it hits 24550 im happy camper. So far got my loss back on GU in an instant. Not sure if it hits today maybe tomorrow before ADP.
  • #1,382
  • Mar 6, 2018 5:55am Mar 6, 2018 5:55am
Can Anyone explain how all these pairs can go in the same direction? Where is correlation principle? Whats against all of this basket?
Think like an investor, Act as a speculator. Ferid H.
  • #1,383
  • Mar 6, 2018 7:25am Mar 6, 2018 7:25am
Quoting Feliks
Can Anyone explain how all these pairs can go in the same direction? Where is correlation principle? Whats against all of this basket?
I'm sure Maflip can help.... He is our resident expert
Never Ever Give Up
  • #1,384
  • Mar 6, 2018 7:33am Mar 6, 2018 7:33am
Quoting Alastair
{quote} im trying a pretty simple strategy with 3 MA's and some support and resistance, will see how it goes... Stopped out of GU and GJ.
I use the 10 and 20 EMA's for crossovers but still keeping in mind pinbars and engulfing candles, etc. I tend not to stick with my system which cause me to close to early and leave pips on the table. If you take today using the M15 there were 2 crossovers. A short would have given +-31 pips and a long would have given +-85 pips. So it can work, not always, especially when it ranges. The problem with crossovers also is that the signal comes late. So you have to use it in conjunction with other systems to provide early and proper signals
Never Ever Give Up
  • #1,385
  • Mar 6, 2018 7:59am Mar 6, 2018 7:59am
Quoting sumar
{quote} I'm sure Maflip can help.... He is our resident expert
Me the expert? Edmund is the expert Well I favored long EU than GU is because EUR is stronger than GU and EU has had a much better upwards momentum for days also there's that breakout pattern I mentioned. Correlation? I don't trade correlation but if gold is going up against the dollar then EU/GU has a much better chance. Think of it as market confirmation. You can also try searching for correlation pairs on the net.
Attached Images
  • #1,386
  • Mar 6, 2018 8:01am Mar 6, 2018 8:01am
Quoting maflip
{quote} Me the expert? Edmund is the expert Well I favored long EU than GU is because EUR is stronger than GU and EU has had a much better upwards momentum for days also there's that breakout pattern I mentioned. Correlation? I don't trade correlation but if gold is going up against the dollar then EU/GU has a much better chance. Think of it as market confirmation. You can also try searching for correlation pairs on the net. {image} {image}
Edmund did not invite us to his funeral party....lol
Never Ever Give Up
  • #1,387
  • Mar 6, 2018 8:05am Mar 6, 2018 8:05am
Quoting sumar
{quote} Edmund did not invite us to his funeral party....lol
I'm sure he is still here lol
  • #1,388
  • Mar 6, 2018 12:00pm Mar 6, 2018 12:00pm
Quoting maflip
{quote} Me the expert? Edmund is the expert Well I favored long EU than GU is because EUR is stronger than GU and EU has had a much better upwards momentum for days also there's that breakout pattern I mentioned. Correlation? I don't trade correlation but if gold is going up against the dollar then EU/GU has a much better chance. Think of it as market confirmation. You can also try searching for correlation pairs on the net. {image} {image}
Can you give me an indi of this screenshot?
Think like an investor, Act as a speculator. Ferid H.
  • #1,389
  • Mar 6, 2018 9:16pm Mar 6, 2018 9:16pm
Quoting Feliks
{quote} Can you give me an indi of this screenshot?
Yeah it's just another currency strength indicator. (Maddash) don't use it as signal just a reference.

https://www.forexfactory.com/showthread.php?t=545718
  • #1,390
  • Mar 7, 2018 12:04am Mar 7, 2018 12:04am
good day all.
is it just me or has the market been a little erratic lately? Volatility is good, but it seems weird lately.
Anyone still holding posi's from yesterday?
Keep It Simple Stupid
  • #1,391
  • Mar 7, 2018 12:28am Mar 7, 2018 12:28am
If you are tracking GBPUSD, realize that the bigger picture on the pair is technically in favour of bulls because there is a big gap to be filed around the 1.45330/1.51030 area. However, that's still a long way off.

KP
Do your homework, follow the footprints of smart money
  • #1,392
  • Edited 1:03am Mar 7, 2018 12:49am | Edited 1:03am
Quoting Alastair
good day all. is it just me or has the market been a little erratic lately? Volatility is good, but it seems weird lately. Anyone still holding posi's from yesterday?
It is, yes. I try as far as possible not to hold trades overnight

To add. Look at GU M15. Formed a lower high and low just to rocket up to form a new high
Never Ever Give Up
  • #1,393
  • Mar 7, 2018 1:19am Mar 7, 2018 1:19am
My EU target is not yet hit but ADP later can change the direction in an instant specially NFP.
  • #1,394
  • Mar 7, 2018 2:37am Mar 7, 2018 2:37am
GU might be in for a big fall
Never Ever Give Up
  • #1,395
  • Mar 7, 2018 5:02am Mar 7, 2018 5:02am
short on GJ,
what do you think of a visit back to 145.00??
Keep It Simple Stupid
  • #1,396
  • Mar 7, 2018 5:09am Mar 7, 2018 5:09am
Quoting Alastair
short on GJ, what do you think of a visit back to 145.00??
Highly likely that it will go there. Previous day low
Never Ever Give Up
  • #1,397
  • Mar 7, 2018 5:48am Mar 7, 2018 5:48am
Quoting sumar
{quote} Highly likely that it will go there. Previous day low
the low that was made on M5 was a slightly HL...
And the High may be a LH..
Compress and release
Keep It Simple Stupid
  • #1,398
  • Mar 7, 2018 5:55am Mar 7, 2018 5:55am
GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu week.png Size: 85 KB
Click to Enlarge Name: Screenshot_7.png Size: 83 KB
Regard NOOR16
  • #1,399
  • Mar 7, 2018 5:55am Mar 7, 2018 5:55am
EU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 82 KB
Click to Enlarge Name: Screenshot_6.png Size: 81 KB
Regard NOOR16
  • #1,400
  • Mar 7, 2018 5:58am Mar 7, 2018 5:58am
Quoting Noor16
EU
GJ?
Keep It Simple Stupid
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