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EURUSD only

  • #23,541
  • May 29, 2018 9:11am May 29, 2018 9:11am
Posted this a few days ago saying if we didn’t have consolodation we should get pull back, we had DBD pattern and the demand level was absorbed in holding shorts
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  • #23,542
  • May 29, 2018 9:11am May 29, 2018 9:11am

Had posted this 9 days ago when EU was at 1.1760 - 1.1820 area


Quoting user954
Strong odds for EU to trade down to 1.15 to 1.1560 zone in the short term before a meaningful consolidation or bounce


EU traded down to 1.1511 today for a nice move of around 250 pips.


Now high odds of EU filling out the 1.15 to 1.1750 range over the next 7 to 12 days before heading lower. Would be looking to short any bounces above 1.17

  • #23,543
  • May 29, 2018 9:29am May 29, 2018 9:29am
Got .1 lot shorty at 1.1606. First target on the picture. Will add as trade progesses up or down. Stop out well above the 38% fib.

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Ecclesiastes 1:9
  • #23,544
  • May 29, 2018 10:03am May 29, 2018 10:03am
Quoting vishufx
where is ata now a days
Enjoying member posts together with loads of "selling highs"

Stay Green
Focus only on what truly matters!
  • #23,546
  • May 29, 2018 10:34am May 29, 2018 10:34am
Euro goes down to hit another bottom
  • #23,547
  • May 29, 2018 11:59am May 29, 2018 11:59am
My recent trades, current situation and self-critic.. hope it clarifies all the silent questions coming at me.. newbies can learn from it as well

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #23,548
  • May 29, 2018 12:08pm May 29, 2018 12:08pm
Quoting Ata-Turkoglu
My recent trades, current situation and self-critic.. hope it clarifies all the silent questions coming at me.. newbies can learn from it as well Stay Green {image}
So, you are human after all. Disappointed!

These are interesting times indeed.
  • #23,549
  • May 29, 2018 12:14pm May 29, 2018 12:14pm
Quoting mkjenna
{quote} So, you are human after all. Disappointed! These are interesting times indeed.
Thanks bro.. and one thing I have to add here as my personal bold opinion:
Technicals are never wrong!!!!! The disbelief comes from us "individuals" who are not skilled enough to perform a perfect technical analysis or when we allow our gut feelings or other noise to interfere with the charts.. stick to the charts and don't "assume" and if you are really skilled with technicals, candles will make you smile 99.99%..

Stay Green
Focus only on what truly matters!
  • #23,550
  • May 29, 2018 12:20pm May 29, 2018 12:20pm
Quoting Ata-Turkoglu
{quote} Thanks bro.. and one thing I have to add here as my personal bold opinion: Technicals are never wrong!!!!! The disbelief comes from us "individuals" who are not skilled enough to perform a perfect technical analysis or when we allow our gut feelings or other noise to interfere with the charts.. stick to the charts and don't "assume" and if you are really skilled with technicals, candles will make you smile 99.99%.. Stay Green
seems like personal experience, rite?
  • #23,551
  • May 29, 2018 12:29pm May 29, 2018 12:29pm
Quoting Ata-Turkoglu
My recent trades, current situation and self-critic.. hope it clarifies all the silent questions coming at me.. newbies can learn from it as well Stay Green {image}
How long do you think you could keep your shorts, Technically?
  • #23,552
  • May 29, 2018 12:29pm May 29, 2018 12:29pm
Quoting Ata-Turkoglu
My recent trades, current situation and self-critic.. hope it clarifies all the silent questions coming at me.. newbies can learn from it as well Stay Green {image}
Hello Ata! Thanks for the details, it provides clarity. Can I ask 1 question?
- What's the moving average that you're using? Is that the most relevant one? Why?

I've been trading live for about 2 months and after increasing my balance by 50% in the first 2 weeks, I lost 75% of it in one trade That's when I realised I was gambling and needed to learn the technicals if I want to succeed.
  • #23,553
  • May 29, 2018 12:29pm May 29, 2018 12:29pm
For me the market is just a random ball jumping up and down and in every direction. Technical analysis or fundamental analysis fail to predict the market with any consistency. The only way to make money in this game is through risk control. Make sure your losers are less than your wins and throw a dice.cheers.
When you see it, BET big.
  • #23,554
  • May 29, 2018 12:29pm May 29, 2018 12:29pm
I cant trade today
  • #23,555
  • May 29, 2018 12:31pm May 29, 2018 12:31pm
Quoting Ata-Turkoglu
{quote} Thanks bro.. and one thing I have to add here as my personal bold opinion: Technicals are never wrong!!!!! The disbelief comes from us "individuals" who are not skilled enough to perform a perfect technical analysis or when we allow our gut feelings or other noise to interfere with the charts.. stick to the charts and don't "assume" and if you are really skilled with technicals, candles will make you smile 99.99%.. Stay Green
I am in this forum for a year for me you are the best technician thanks for the analysis
  • #23,556
  • Edited 1:14pm May 29, 2018 1:01pm | Edited 1:14pm
Quoting Traderview
{quote} How long do you think you could keep your shorts, Technically?
Personally, I close my positions based on 2 different situations (not that I am sure it is the end of the rally or trend):
1) I look at MACD and try to spot divergence or hidden divergence..
2) Once I spot any MACD divergence then I start looking for countertrend evidence: It might be candle patterns like a hammer, doji, hanging man etc etc.. or it could be several bull or bear candles in a row pushing price above or below 6 EMA.. or it could be the first new higher high in a bear trend or first lower low in a bull trend.. and so on and so forth.. simply I am looking for some additional evidence and especially breakouts..

Then you complete your action and wait and see what happens.. If you are right you wait or you open a counter-trend trade.. If you are wrong and it goes lower you wait and jump back in inside any following retracement and based on your entry strategy.. rinse and repeat..

Right now, based on H1 chart, I don't want to see an hourly candle opening especially above 1.1565.. and each hour that level might drop further based on new candle formations.. but since you asked, "technically" I can keep my shorts as long as H1 candles don't "close" above my SL level.. So, I don't close with a touch.. I exit after a proper candle close.. I hope it clarifies..

Edit: My new SL watch level has become 1.1552 now..

Stay Green
Focus only on what truly matters!
  • #23,557
  • May 29, 2018 1:11pm May 29, 2018 1:11pm
Quoting Radu-FX
{quote} Hello Ata! Thanks for the details, it provides clarity. Can I ask 1 question? - What's the moving average that you're using? Is that the most relevant one? Why? I've been trading live for about 2 months and after increasing my balance by 50% in the first 2 weeks, I lost 75% of it in one trade That's when I realised I was gambling and needed to learn the technicals if I want to succeed.
On the chart I used 74 EMA for hourly.. But you can use different exponential moving average values like 50, 67, 74.. Doesn't matter much, all are okay since you will use them to only get a clue that candles are nearing a potential entry area.. No matter how hard you try to adapt any moving average with most of your timeframe candles, in the bigger picture you can never have 100% accuracy.. Therefore use the MA lines just like a lane in traffic.. you don't need to drive your car exactly in the middle of a lane.. your car will have some tolerance space on both sides.. your eyes will master the correct entry time with help of your experience or system you use.. good luck..

Stay Green
Focus only on what truly matters!
  • #23,558
  • May 29, 2018 1:23pm May 29, 2018 1:23pm
Hi everyone. Just want to do a warning. If there are people who weren't following up markets during 2008 crash, I warn them to be careful. Volatility is not in comfortable levels anymore. Even you are in right direction, you may easily get stopped. Especially in high volatility EURUSD is by far the best pair to trade among anything else.
Position Trader
  • #23,559
  • May 29, 2018 1:40pm May 29, 2018 1:40pm
What is happening in Europe is a price discovery. The Italian, Portuguese, Spanish and other countries bonds were negative while ago cause ECB was buying them. With current debt levels, those bonds rates were not making any sense. As now we are getting closer to the end of QE, there will be no more heroic ECB buying those bonds. Market is realizing this and selling them. There will a balance after some time. We will reach to attractive levels were people will stop selling, then this mini crisis will be over.

When US and other countries really starting to slow down (recession), then Euro bonds will be initiator of a real global financial crisis followed by US bonds. But we are not there yet.
Position Trader
  • #23,560
  • May 29, 2018 1:53pm May 29, 2018 1:53pm
Quoting shebalik
What is happening in Europe is a price discovery. The Italian, Portuguese, Spanish and other countries bonds were negative while ago cause ECB was buying them. With current debt levels, those bonds rates were not making any sense. As now we are getting closer to the end of QE, there will be no more heroic ECB buying those bonds. Market is realizing this and selling them. There will a balance after some time. We will reach to attractive levels were people will stop selling, then this mini crisis will be over. When US and other countries really starting...
late 2019
you are not expected to understand this
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