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EURUSD only

  • #17,161
  • Mar 21, 2018 4:06pm Mar 21, 2018 4:06pm
new short entered @ 1.2343
  • #17,162
  • Mar 21, 2018 4:11pm Mar 21, 2018 4:11pm
good day to all
  • #17,163
  • Mar 21, 2018 4:33pm Mar 21, 2018 4:33pm
hold my shorts good night
  • #17,164
  • Mar 21, 2018 4:40pm Mar 21, 2018 4:40pm
I assume at this trend wants to go up.
On H4 we have a divergence and maybe a retracement until or in the grey area.( i will start to buy depending of the H1 tomorrow before or in the area).

On D1 we have 2 W shapes what yesterday wasn't clear enough but a little predictible after the big drop.

I also don't expect a drop as a retracement, it can't be just sideways. We will see in the next 2 H4 candles for sure.
Thanks to all and stay green.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 57 KB
Click to Enlarge Name: EURUSDH4.png Size: 61 KB
  • #17,165
  • Mar 21, 2018 4:59pm Mar 21, 2018 4:59pm
I will call 1H consolidation in a few more hours, London opens back down. Rates were priced in, but data wise there is no reason to take this higher.
  • #17,166
  • Mar 21, 2018 5:11pm Mar 21, 2018 5:11pm
Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are
almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern?
Attached Image
  • #17,167
  • Mar 21, 2018 5:29pm Mar 21, 2018 5:29pm
Quoting Laditori
Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
ME no. but my D1 candle will close in 30 min. For me D1 is a little bigger. My platform is in UTC +1
  • #17,168
  • Mar 21, 2018 5:40pm Mar 21, 2018 5:40pm
Quoting Laditori
Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
Yes, I believe it was done by the Japanese rice traders over 100 years ago and it’s called an engulfing candle (the body of the green candle engulfs the red one)
  • #17,169
  • Mar 21, 2018 5:50pm Mar 21, 2018 5:50pm
Quoting Laditori
Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
Its basically a two day pinbar
  • #17,170
  • Mar 21, 2018 5:59pm Mar 21, 2018 5:59pm
Quoting Laditori
Looking at the daily chart using a 5pm EST close. Tuesday & Wednesday candles are almost exact opposites. That seems unusual. Has anyone ever done a back test on this pattern? {image}
The bars are equal,not engulfing,it's a 2 bar reversal pattern.
  • #17,171
  • Mar 21, 2018 6:13pm Mar 21, 2018 6:13pm
you guys still trade Pin Bars and Candles?
  • #17,172
  • Edited Mar 22, 2018 3:52am Mar 21, 2018 6:16pm | Edited Mar 22, 2018 3:52am
Quoting mallee
{quote} The bars are equal,not engulfing,it's a 2 bar reversal pattern.
You are wrong and you are right.

The body of the green candle engulfs the body of the red candle. Thus it is engulfing - fact

An engulfing formation (in this example) is often regarded as a a 2 bar reversal if the next candle goes higher
  • #17,173
  • Mar 21, 2018 6:17pm Mar 21, 2018 6:17pm
Quoting FirasBK
you guys still trade Pin Bars and Candles?
No, I just trade profitably and consistently
  • #17,174
  • Mar 21, 2018 6:24pm Mar 21, 2018 6:24pm
I gave back some of what I made in the morning trying to short it. Be careful with it don't get greedy. Personally I think it will go down from here but, Im not brave enough to put my money where my mouth is atm.
  • #17,175
  • Mar 21, 2018 7:55pm Mar 21, 2018 7:55pm
Holding sell orders from 1.2441 and above 1.25.

Now topping up and added back in at 1.2368
  • #17,176
  • Mar 21, 2018 8:32pm Mar 21, 2018 8:32pm
In 2 hours correlation will begin ... ¬
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1-2.png Size: 34 KB
Click to Enlarge Name: EURUSDH1.png Size: 37 KB
  • #17,177
  • Mar 21, 2018 10:23pm Mar 21, 2018 10:23pm
Quoting PatienceFx
i need not guess anything here {image}
my chart posted before fomc and the results

i picked up a decent 110 pips from that
  • #17,178
  • Mar 21, 2018 10:31pm Mar 21, 2018 10:31pm
should i go long near 2360,

i am happy with my dough and not planning anything soon
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 33 KB
  • #17,179
  • Mar 21, 2018 11:01pm Mar 21, 2018 11:01pm
fomc lol
Attached Image (click to enlarge)
Click to Enlarge Name: bullsvbears.png Size: 168 KB
  • #17,180
  • Mar 22, 2018 12:19am Mar 22, 2018 12:19am
Quoting Tweetren
I will call 1H consolidation in a few more hours, London opens back down. Rates were priced in, but data wise there is no reason to take this higher.
Rates priced in, alright, but excuse me, there is fundamental reason for the EUR/USD to keep going up. That's because Powell is worried about inflation and that makes him a DOVE!
Low/uncertain inflation => not so many hikes for the year=>dovish!

London could correct or consolidate (why not to continue) the bull move, but (fundamentally by Fed) direction is up for the moment.
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