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EURUSD only

  • #29,601
  • Jul 20, 2018 11:48pm Jul 20, 2018 11:48pm
EURUSD Daily haPpy weekend
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Self discipline It is a practice
  • #29,602
  • Edited Jul 21, 2018 12:21am Jul 20, 2018 11:52pm | Edited Jul 21, 2018 12:21am
Quoting MXT
{quote} only time will tell
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
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.
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  • #29,603
  • Edited 1:43am Jul 21, 2018 1:19am | Edited 1:43am
...
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  • #29,604
  • Jul 21, 2018 3:50am Jul 21, 2018 3:50am
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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yes yes yes
  • #29,605
  • Jul 21, 2018 4:42am Jul 21, 2018 4:42am
Quoting phongtran
{quote} I'm a newbie. I have a question. How does TL determine? go through 2point???? Thanks.{image}
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.
  • #29,606
  • Edited 4:57am Jul 21, 2018 4:43am | Edited 4:57am
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
you are not expected to understand this
  • #29,607
  • Jul 21, 2018 5:19am Jul 21, 2018 5:19am
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 !
  • #29,608
  • Jul 21, 2018 6:17am Jul 21, 2018 6:17am
Quoting Teek
.

☻ market is rangebound

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

☻ easy, stressfree, speculationfree, biasfree, opinionfree, no Trumpets needed...
amen
  • #29,609
  • Jul 21, 2018 6:22am Jul 21, 2018 6:22am
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.
  • #29,610
  • Jul 21, 2018 6:31am Jul 21, 2018 6:31am
Quoting Not-KPMG
My view for next 5-10 days
Not-KPMG = Not Keeping Pain Managing Gains
  • #29,611
  • Jul 21, 2018 7:14am Jul 21, 2018 7:14am
Quoting Not-KPMG
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}
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?
  • #29,612
  • Jul 21, 2018 8:15am Jul 21, 2018 8:15am
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  • #29,613
  • Edited 10:13am Jul 21, 2018 8:49am | Edited 10:13am
Quoting Not-KPMG
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}
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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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #29,614
  • Jul 21, 2018 9:44am Jul 21, 2018 9:44am
Quoting Montrealer
{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.
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
  • #29,615
  • Jul 21, 2018 9:48am Jul 21, 2018 9:48am
Quoting Moty
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}...
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
Not a good idea to be opening new positions at this time late on a Friday afternoon. {image}
Wish you luck, man.
pk out
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  • #29,616
  • Jul 21, 2018 11:13am Jul 21, 2018 11:13am
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
Focus only on what truly matters!
  • #29,617
  • Jul 21, 2018 11:15am Jul 21, 2018 11:15am
Quoting pkimnyc
{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}
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
yes yes yes
  • #29,618
  • Edited 11:38am Jul 21, 2018 11:28am | Edited 11:38am
Quoting Moty
{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
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.
  • #29,619
  • Jul 21, 2018 11:42am Jul 21, 2018 11:42am
better making money than being right
  • #29,620
  • Jul 21, 2018 11:54am Jul 21, 2018 11:54am
Quoting C-12
{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.
Amen!

Quoting MXT
better making money than being right
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.
you are not expected to understand this
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