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  • Post #29,601
  • Quote
  • Jul 21, 2018 12:48am Jul 21, 2018 12:48am
  •  okshop
  • Joined Mar 2017 | Status: Impeccable | 2,829 Posts
EURUSD Daily haPpy weekend
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Self discipline It is a practice
3
  • Post #29,602
  • Quote
  • Edited at 1:21am Jul 21, 2018 12:52am | Edited at 1:21am
  •  skyway
  • Joined Sep 2013 | Status: Member | 1,209 Posts
Quoting MXT
Disliked
{quote} only time will tell
Ignored
The bulls collected the short orders patiently from this level 1.1650 to close out the week in profit. Know your levels. They will be at it again next week.

Quoting skyway
Disliked
This is the level 1.1650 the bulls get interested to buy it up again. It's heading towards 1.1960 starting post NY lunch.
Ignored
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  • Post #29,603
  • Quote
  • Edited at 2:43am Jul 21, 2018 2:19am | Edited at 2:43am
  •  belon
  • Joined Aug 2016 | Status: Member | 489 Posts
...
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  • Post #29,604
  • Quote
  • Jul 21, 2018 4:50am Jul 21, 2018 4:50am
  •  Moty
  • Joined Dec 2017 | Status: Member | 13,170 Posts
you asks me why do i take a short on the euro dollar? And I ask, why not?
in h4 chart we can see that , we are at significant resistance 1.17200 , revarse Japanese candlestick patterns have been created.
at h1 chart a negative divergence has been created and we have returned from the OVERSOLD position in the rsi .
In the daily graph there is no breach of the descending channel upwards.
we are still below the price strap of the EMA 40 .
and In the people's name , i demand my friend , a Pull Back

eu daily
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ru h4
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eu h1
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dx daily
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don't try to tell the market where to go , let him tell you
4
  • Post #29,605
  • Quote
  • Jul 21, 2018 5:42am Jul 21, 2018 5:42am
  •  Kimjoun
  • | Joined Aug 2017 | Status: Member | 373 Posts
Quoting phongtran
Disliked
{quote} I'm a newbie. I have a question. How does TL determine? go through 2point???? Thanks.{image}
Ignored
when i scan this thread to research admin m15 system i stumble with ur post. i feeling strange somebody else in this world got same question like me. the result will be different if we conclude the shadow. lets keep reading.
  • Post #29,606
  • Quote
  • Edited at 5:57am Jul 21, 2018 5:43am | Edited at 5:57am
  •  Teek
  • Joined Feb 2017 | Status: pippin' | 1,018 Posts
Nothing has changed. Market is rangebound.
Simple rangetrading: sell the top, buy the bottom, until it breaks.
the fat blue line marks the middle of the range (50% retracement), usualy serves as a good target area.

Daily:
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...and within the range we keep forming some nice Supply (red) and Demand (Green) zones for daytrading
H1:
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Golden rule: as long as price respects the range, I respect the range.
Easy, stressfree, speculationfree, biasfree, opinionfree, no Trumpets needed...

Reminder: 95% of Retail Traders, they all lose. 4% barely break even. Be with the 1%: WALK IT ALONE!

Happy Weekend
We're all just one trade away from humility
10
  • Post #29,607
  • Quote
  • Jul 21, 2018 6:19am Jul 21, 2018 6:19am
  •  shery
  • | Joined Jul 2018 | Status: Member | 30 Posts
Technical Outlook:
Strong resistance is present at 1.1745 area both in 4 hourly chart as well as daily chart. As well as W pattern is looks to be completed as it has been intercepted by resistance above, and we could may see eurusd decline next week upto the strong support at 1.154, from which the pair could again accelerated and may form a bullish breakout.

Fundamental Outlook:
The USD fallen after the trump's announcement but it may correct next week due to technical interference.

(Trade with your own mind)

H4 Chart

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D1 Chart

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May your account's history become green
Also don't forget to listen "Faded" song !
1
  • Post #29,608
  • Quote
  • Jul 21, 2018 7:17am Jul 21, 2018 7:17am
  •  MXT
  • Joined Dec 2005 | Status: Member | 2,849 Posts
Quoting Teek
Disliked
.

☻ market is rangebound

☻ as long as price respects the range, I respect the range

☻ easy, stressfree, speculationfree, biasfree, opinionfree, no Trumpets needed...
Ignored
amen
2
  • Post #29,609
  • Quote
  • Jul 21, 2018 7:22am Jul 21, 2018 7:22am
  •  Not-KPMG
  • Joined Jun 2015 | Status: Member | 14,506 Posts
My view for next 5-10 days.

1.1750 sell point.
1650-70 then 1550 part profits....


Trade carefully.
It's possible to break out UP...
But i think is small chance or short-lived.

GL.
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Beware of robber banks (RB), bad advisors. ;)
Der Trader All Time Pips: 52,970
6
  • Post #29,610
  • Quote
  • Jul 21, 2018 7:31am Jul 21, 2018 7:31am
  •  MXT
  • Joined Dec 2005 | Status: Member | 2,849 Posts
Quoting Not-KPMG
Disliked
My view for next 5-10 days
Ignored
Not-KPMG = Not Keeping Pain Managing Gains
2
  • Post #29,611
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  • Jul 21, 2018 8:14am Jul 21, 2018 8:14am
  •  Manenzhino
  • | Joined Jul 2018 | Status: Junior Member | 6 Posts
Quoting Not-KPMG
Disliked
My view for next 5-10 days. 1.1750 sell point. 1650-70 then 1550 part profits.... Trade carefully. It's possible to break out UP... But i think is small chance or short-lived. GL. {image}
Ignored
There may be a long-term impact on the most exposed states if the US-China trade war escalates to a broader range of goods and services. Notably, President Trump commented that he would be willing to raise tariffs to $500 billion of imports from China on July 20. In addition, North American trade pressures could also rise due to a cancellation of the North American Free Trade Agreement (NAFTA) and the resumption of most favored nation tariffs among Mexico, the US and Canada under WTO rules. Over time, a confluence of these factors could lead to a rise in unemployment levels and a slowdown in economic activity that would gradually exert downward pressure on state revenues. Other follow-on effects of a trade war, such as weaker global growth or a recession, higher inflation and/or currency and commodity price volatility, could have a deeper and long-term impact on state economies and budgets.

All this could lead us to 1550 target?
2
  • Post #29,612
  • Quote
  • Jul 21, 2018 9:15am Jul 21, 2018 9:15am
  •  bingo60
  • | Joined Nov 2012 | Status: Member | 80 Posts
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  • Post #29,613
  • Quote
  • Edited at 11:13am Jul 21, 2018 9:49am | Edited at 11:13am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 16,422 Posts
Quoting Not-KPMG
Disliked
My view for next 5-10 days. 1.1750 sell point. 1650-70 then 1550 part profits.... Trade carefully. It's possible to break out UP... But i think is small chance or short-lived. GL. {image}
Ignored
after playing 8 weeks on support it seems not like a camel , rather a dog , may not extend the neck above 1.1790 & even now resistance also tough though got supports recently. minimum price need break very very fast 1.1850, till then it's 1 bear set up to continue below the previous lows & breaks up may turen the bear into a bull set up in the bear context to test real 1.1995.anyway failure is most probable as said but not to stamp it , as higher tf in play another 8 wks may up &down to any level. so next week will be a killing one & nobody should be biased. let it happen to join with care . Take care , fontu
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1
  • Post #29,614
  • Quote
  • Jul 21, 2018 10:44am Jul 21, 2018 10:44am
  •  IggyMon
  • | Membership Revoked | Joined Jun 2018 | 213 Posts
Quoting Montrealer
Disliked
{quote} That means in 33 pips down you blow up your account? OMG. But according to your picture you are risking 0.3% per pip, not 3.
Ignored
Correct. I made a mistake on the % but i trade tight eu ranges and risk betweem .1% to 3% per pip. Extreme risk but i am comfortable with it.
Read my shouts to get myfxbook link
HotForexAccount All Time Profit: $5,165
  • Post #29,615
  • Quote
  • Jul 21, 2018 10:48am Jul 21, 2018 10:48am
  •  pkimnyc
  • Joined Oct 2007 | Status: Sniper | 14,728 Posts
Quoting Moty
Disliked
you asks me why do i take a short on the euro dollar? And I ask, why not? in h4 chart we can see that , we are at significant resistance 1.17200 , revarse Japanese candlestick patterns have been created. at h1 chart a negative divergence has been created and we have returned from the OVERSOLD position in the rsi . In the daily graph there is no breach of the descending channel upwards. we are still below the price strap of the EMA 40 . and In the people's name , i demand my friend , a Pull Back eu daily {image} ru h4 {image} eu h1 {image} dx daily{image}...
Ignored
Yo, Mo.

Here's a little something to think about.

Pattern: all valid.
Candle: all valid.
Resistance: all valid.
Divergence 1hr: all valid.

Timing: not valid.
Momentum higher tf: not valid.
Volume: no sellers present at the top

C-12 also posted this for a good reason.

Quoting C-12
Disliked
Not a good idea to be opening new positions at this time late on a Friday afternoon. {image}
Ignored
Wish you luck, man.
pk out
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3
  • Post #29,616
  • Quote
  • Jul 21, 2018 12:13pm Jul 21, 2018 12:13pm
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 15,245 Posts | Online Now
In an hour I am going to post details about my M15 system. Thread members are already aware of it and I wil not start from scratch. My next post will be exclusively about why I draw trendlines from candle closing/opening prices only and additional information that will help to understand the logic better.

Stay Green
Be a seer, not a looker!
4
  • Post #29,617
  • Quote
  • Jul 21, 2018 12:15pm Jul 21, 2018 12:15pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 13,170 Posts
Quoting pkimnyc
Disliked
{quote} Yo, Mo. Here's a little something to think about. Pattern: all valid. Candle: all valid. Resistance: all valid. Divergence 1hr: all valid. Timing: not valid. Momentum higher tf: not valid. Volume: no sellers present at the top C-12 also posted this for a good reason. {quote} Wish you luck, man. pk out {image}
Ignored
Funny, when I took Long at 1.16200 then everyone said they were going to 1.15.
Now I took a short so everyone is talking about 1.18.
On the other hand, everyone admits that we are in range but are looking for the breakout even though there is no indication of that.
Do you really expect the market to rise in a straight way without correcting?
Does not mean that there are no such things, but it is only in extreme fundamental cases, and this is not the case before us
don't try to tell the market where to go , let him tell you
  • Post #29,618
  • Quote
  • Edited at 12:38pm Jul 21, 2018 12:28pm | Edited at 12:38pm
  •  C-12
  • Joined Jun 2012 | Status: Signed In | 5,293 Posts
Quoting Moty
Disliked
{quote} Funny, when I took Long at 1.16200 then everyone said they were going to 1.15. Now I took a short so everyone is talking about 1.18. On the other hand, everyone admits that we are in range but are looking for the breakout even though there is no indication of that. Do you really expect the market to rise in a straight way without correcting? Does not mean that there are no such things, but it is only in extreme fundamental cases, and this is not the case before us
Ignored
The point was about opening fresh orders right in front of the close on a Friday night.

If you've ever been on the wrong end of a unexpected weekend gap with any size you'll understand it.

Better to focus on managing risk rather than being proven right on public forums.
5
  • Post #29,619
  • Quote
  • Jul 21, 2018 12:42pm Jul 21, 2018 12:42pm
  •  MXT
  • Joined Dec 2005 | Status: Member | 2,849 Posts
better making money than being right
2
  • Post #29,620
  • Quote
  • Jul 21, 2018 12:54pm Jul 21, 2018 12:54pm
  •  Teek
  • Joined Feb 2017 | Status: pippin' | 1,018 Posts
Quoting C-12
Disliked
{quote} The point was about opening fresh orders right in front of the close on a Friday night. If you've ever been on the wrong end of a unexpected weekend gap with any size you'll understand it. Better to focus on managing risk rather than being proven right on public forums.
Ignored
Amen!

Quoting MXT
Disliked
better making money than being right
Ignored
and Double Amen!

Friday afternoon is: trading out of unwanted positions, profittaking, lowering risk exposure.
That's why Friday setups are not reliable and 90% of the time you don't see followthrough on Monday.
We're all just one trade away from humility
5
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