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EURUSD only

  • #22,321
  • May 17, 2018 11:59am May 17, 2018 11:59am
SL on + and waiting for the break...ether way!
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #22,322
  • May 17, 2018 12:22pm May 17, 2018 12:22pm
Quoting Wavegarrick
Price tends to reverse from the 20th onwards. {image}
I'm curious about this observation...can you explain? thanks
  • #22,323
  • May 17, 2018 12:35pm May 17, 2018 12:35pm
Critical area for EURUSD - but very high probability PA will enter the area - it's mandatory
just wait

Attached Image
  • #22,324
  • May 17, 2018 1:17pm May 17, 2018 1:17pm
This was the most boring Thursday that i can remember in a while.
Qqq Return Today: 0.7%
  • #22,325
  • May 17, 2018 1:33pm May 17, 2018 1:33pm
Daily Quick Outlook for Friday

  1. We had an inside bar today and next days can be tricky with fakeys towards up first and then maybe down or maybe down first and then up.. time will show but just reminding you to be careful on Friday
  2. 1.1782 is nearest support (bottom of big channel)
  3. 1.1834 is nearest resistance (10 EMA)
  4. All other important levels are shown on chart..

Stay Green

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Focus only on what truly matters!
  • #22,326
  • May 17, 2018 2:11pm May 17, 2018 2:11pm
Hello Ata,
I must say truly that your analysis has been very helpful. God bless you more abundantly.

Wavegarrick, you have been doing a nice and wonderful analysis too but your English seams sometimes to be very difficult to interpret. I really wish you can use some more simple English and state specific price entry point so that wen we can always compare analysis accurately. You have good foresight about price movements.
  • #22,327
  • May 17, 2018 2:29pm May 17, 2018 2:29pm
Quoting Isensefx
Hello Ata, I must say truly that your analysis has been very helpful. God bless you more abundantly. Wavegarrick, you have been doing a nice and wonderful analysis too but your English seams sometimes to be very difficult to interpret. I really wish you can use some more simple English and state specific price entry point so that wen we can always compare analysis accurately. You have good foresight about price movements.
Thanks brother.. Keeping things as simple as it gets is my philosophy.. Happy to read that it helps.. Many thanks for your supportive post.. Welcome to our thread and Forexfactory.. Wishing you the best and warm greetings to all of our Nigerian members..

Stay Green
Focus only on what truly matters!
  • #22,328
  • May 17, 2018 2:29pm May 17, 2018 2:29pm
Quoting Ata-Turkoglu
MrPresident.. I am watching your mockings to various members and what timeframe they trade or how they trade.. please respect every trader and mind your own business.. If you don't like anyone's posts simply click on their ignore button.. my one and only warning.. anything related to any of your issues should be discussed behind scenes via private messages.. We continue posting around EURUSD.. Stay Green
i am offering constructive criticism of what people post in this thread and if you don’t like it or are soft, then don’t trade

today, I explained that it is more profitable to trade for the longer term on longer time frame charts because short time frame minute charts are just random noise

trading on the 1 minute chart is like gambling, which only benefits the broker and not the trader because the probability of winning is too low and the odds are against the trader due to spread and commission fees

next, anyone who is offering a magical service to predict price patterns or price movement based on magical witchcraft like Fibonacci or Gann is dangerous to your trading account balance

if I were to open up a forex broker, then the first thing that I would do is to market on this website to attract people who believe in magical fairy tales and then I would take all their money as a market maker. I would encourage them to use the 1 minute chart and then apply Gann or Fibonacci ratios because “that is how the universe works”

If you genuinely care about random strangers on the internet, then you wouldn’t encourage scalping or other nonsense that is low probability
Don't Worry Be Happy
  • #22,329
  • May 17, 2018 2:49pm May 17, 2018 2:49pm
Quoting MrPresident
{quote} i am offering constructive criticism of what people post in this thread and if you don’t like it or are soft, then don’t trade today, I explained that it is more profitable to trade for the longer term on longer time frame charts because short time frame minute charts are just random noise trading on the 1 minute chart is like gambling, which only benefits the broker and not the trader because the probability of winning is too low and the odds are against the trader due to spread and commission fees next, anyone who is offering a magical...
I hear you.. and here is my critic:

..short time frame minute charts are just random noise: I totally disagree.. this is your subjective view.. I respect and move on!
..trading on the 1 minute chart is like gambling: Debatable.. and even if it is gambling, this is still not forbidden on FF.. so? Simply none of your business how people want to spend their money.. I respect and move on!
..I would take all their money as a market maker: Please do if you can.. we all are making money based on other's mistakes.. nothing wrong with that.. actually that is the fundamental part of this business..
..If you genuinely care about random strangers on the internet, then you wouldn’t encourage scalping or other nonsense that is low probability: I encourage nothing here.. I share my own thoughts and leave the rest to traders. We are not law enforcement nor dictators..

Long story short: we have 2 simple rules for this thread which I remind all of you from time to time:

  1. Members must post ideas and charts only and solely for the EUR/USD currency! (DXY-USD Index or EXY-EURO Index charts and ideas are also allowed!)
  2. Hatred, fights, and non-trading related debates between members are definitely forbidden! (Trolling and toxic behaviour will not be tolerated!)

My warning to you today was based on violation of rule number 2.. please don't make it a personal issue.. I don't care who makes what amounts of profits or who has the best experience in this field.. all I care is respectful sharing of ideas.. no bullying.. no imposing.. no forcing people to do what "one" believes is best.. say what you have to say without targeting a person and move on.. if any post annoy you simply ignore the owner and move on..

Anything else you have to say should be discussed via private messages.. we don't want to drag members here into an endless debate..

We continue posting around EURUSD.. thanks for your understanding..

Stay Green

Focus only on what truly matters!
  • #22,330
  • May 17, 2018 5:26pm May 17, 2018 5:26pm
Asia just bounced off price 0.2 pip away from my SL...
Still in with 2 Long positions and my 7 pip SL held by a thread, but looking to clear that .1810 area so we can see more Bull
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  • #22,331
  • May 17, 2018 6:06pm May 17, 2018 6:06pm
good morning everyone


I have two accounts ..one for swing (one day until one week or more) .. the other is for scalping


Is there someone here use Point&Figure chart?
WANDAFIT
  • #22,332
  • May 17, 2018 6:56pm May 17, 2018 6:56pm
Example of trade-able pattern which goes by the book.
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  • #22,333
  • May 17, 2018 9:24pm May 17, 2018 9:24pm
As long as we are below 50 MA in hourly graphic (blue line) I am still bearish on this one.
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Position Trader
  • #22,334
  • May 17, 2018 10:22pm May 17, 2018 10:22pm
Quoting Ata-Turkoglu
{quote} I hear you.. and here is my critic: ..short time frame minute charts are just random noise: I totally disagree.. this is your subjective view.. I respect and move on! ..trading on the 1 minute chart is like gambling: Debatable.. and even if it is gambling, this is still not forbidden on FF.. so? Simply none of your business how people want to spend their money.. I respect and move on! ..I would take all their money as a market maker: Please do if you can.. we all are making money based on other's mistakes.. nothing wrong with that.. actually...
Excellent policy, Ata!

Long story short:
1. guys, just show your work !
2. don't waste your time criticizing others ! (even 'constructive')
Member
  • #22,335
  • May 17, 2018 10:37pm May 17, 2018 10:37pm
Quoting shebalik
It's only my speculation but probably New Italian Prime Minister won't be Euro friendly. The last two days Lega and M5S try to agree on a name. As you may know those two populist parties have already agreed to make a coalition. Lega wants to leave Euro currency (not Union), however M5S is saying that they are not against Europe but want to do better deal with Brussel. (better deals are very popular now with Trump) On top of that finally Catalans had new leader after final voting. He is another pro-independence guy. Above those two political facts...

Final update on this. The two leaders agreed on 90% of the policies. There are still minor points they discuss. The Prime Minister is still not decided. Last statement from both parties is: They will try to agree on a name till Monday. If not then, they will tell their suggestions (3-4 names) to the Republic of President Matarella and he will pick one Prime Minister among them. Matarella is Pro-Europe.

So short story, if two parties can't agree on single name till Monday it will be positive for Euro, if they can agree on a name then will be negative for Euro. Because most likely the name they agree won't be Euro-friendly.
Position Trader
  • #22,336
  • May 17, 2018 10:44pm May 17, 2018 10:44pm
Quoting TudorIoan
{quote} Excellent policy, Ata! Long story short: 1. guys, just show your work ! 2. don't waste your time criticizing others ! (even 'constructive')
Well... I think all will agree that Constructive Criticism is always welcome - we wanna learn and grow.
For that we all should exchange views and strategies without gloating or any extra drama...certainly no Trolls welcome.

on the point ATM: S&D - time to break that .1810...?

EDIT: Closed my 2 stage longs at +18 pips, as Frankfurt about to kick in + price at supply.
Waiting on break confirmation to continue long buy.
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  • #22,337
  • May 17, 2018 10:46pm May 17, 2018 10:46pm
Good Morning

Here is the situation, preopen

Price sits at mean (EMA20/10), underneith @1.1816 S/R, forming a wedge on H4/H1
The overall direction is still bearish, the downtrend is unbroken.
We do not see any price rejection in the Monthly and Weekly candles (no signs of slowdown).
On the downside, the next technical levels to watch are @1.1755 (Daily S/R) and @1.1708 (Weekly S/R - Monthly Fib 38.2)
On the upside, if current S/R @1.1816 breaks, the next Daily S/R is @1.1937

Outlook: bearish
> there is no current signal in the candles, this is a breakout setup.

Have a nice day, and happy trading.

This is only a very small part of the analysis, this is not trading advice, please trade at your own risk, don't copy, if you do don't blame me.
(And please, don't buy into strong and unbroken downtrends > ok this was an advice...)

Chart H4
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you are not expected to understand this
  • #22,338
  • May 17, 2018 10:57pm May 17, 2018 10:57pm
My Intraday Outlook.
(ahead London)

The same as yesterday:
'Cloudy with a Chance of Meatballs'
Translation: Bearish trend with a chance of small bull population...
Result: oscillation around 1.1810
Conclusion: crappy range until the first stinky political fart.

Intraday resistance :
- 1.1850 (W_S1)
- 1.1881 (W_mid)
- 1.1823(Monthly_S2) + May9_Low; 1.1817(Fibo61.8_Pivot)
Intraday support :
- 1.1785
- 1.1760

My Intraday Trading Plan: Play small in range until an (intraday) trend.

Have a good trading day, you all!
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Member
  • #22,339
  • May 17, 2018 11:00pm May 17, 2018 11:00pm
If we confirm the Bull break, have this levels in mind when trading!
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  • #22,340
  • May 17, 2018 11:12pm May 17, 2018 11:12pm
Now, there is 2 ways (at least) to trade this level break:

1 - buy now market price 1.1812 w/tight 10 pip SL
2 - wait for pullback to Demand Zone to enter at better price.
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