EURUSD only

Steven, I didn't see much move on Friday afternoon. Take a relax and enjoy your weekend. Have a good weekend.

May have to get a full weekly candle body down to the end of them wicks 1st ,, seems like some unfinished business down there , summer doldrums trading atm for sure .

Looks like close somewhere around 1648, sell small uptick into 1660 1670 Monday morning, then we go below 1600 Monday

May be as just watching on mobile screen to simply 1.1667 breaks to down again towards 1.1630.may not do all these moves today, not considering somebody may buy to spike up to 80+before down directly bottom or more.price wrongly trying catch 1.1667 without correcting below 1642 to 1.1667 + and close there. Wasted more time here. There are already triple top at 1.1661.take care. Fontu

no problam my friend , i am not worry , i can wait to be break even steven on monday.
it's always the same , hh or LL , WITH a mini false break out , then they go to a normal correction , and after that , they make the move.
great weekend to all , i will stay with my long

5 news events in 7 min, i wonder if price can jump to 1.16757 or will drop down to close gap, given the time of day may be no reaction - lets see

Closed long at 1.1657 with +12 pips.. enough for the day and week..

Wishing you all a great weekend.. rest well and hopefully see you all on Monday London session..

Stay Green

As a person new to trading, this has been a stressful week. I started trading about a month ago. Been trading small amounts, multiple trades a day. Not sure what the correct term for that is. But I found myself on the wrong side of the trend this week and was not able to close with a profit. I held onto my buy for the weekend. I’m hoping to see a nice bump when the market reopens. Anyone have a prediction on what to expect? Or did I make another mistake by holding my position and not just taking the loss now?

Thanks and sorry for ignorant questions.

"You must understand that FED and ECB, central banks in general, are not property of the state or countrie"

i´m sorry but i have to correct you: the ecb is not owned by private banks. it is property of all members of the ecbs, mainly the ez ncb. the bundesbank is by far the biggest "shareholder"
all the best
d1

Yep, and "hope" is a very dangerous thing in this business.
No one can give you a prediction, since everyone sees different things and truth is nobody knows.
All I know is there was not much buying activity at the low today, which tells me the sharks were not interested. Hence, the lower price to come, may be...
If not then I will miss this one out. not worth a hassle over the weekend.

btw, what trend? we are still inside a ranging market.
hope this helps.
/r

in the past 2 months its euro been fighting to close below this trend but always bounce and make a pin bar candle. this week finally it close below the trend line. and I expect more selling pressure next week. careful bulls don't catch the falling knife

EU H4 happy weekend Traders

eu weekly
eu daily
dx weekly
dx daily

M15 Status Update

1. Check 1: Price is above 60 LWMA, but also notice MACD Divergence which kicked in during the final hours of Friday: Weakness in bull power!
2. Check 2: 1.1645 was Friday's London Opening Price. Weekly and all smaller timeframe candles closed above it but we still have to watch this level and candle reaction once new week opens.
3. Check 3: Most recent major bearish breakout level was: 1.1657 and that is still an active sell level based on the drop that started from 1.1730 area. That's why I closed my long trade before market closed. Otherwise I would have left it open.

Will decide what to do next after Frankfurt or London open on Monday.. Happy weekends to all..

Stay Green

HI Mjbecker,
I live near a old that can read the palm of hands and most if the times she says things that happen.
That is prediction. But I don't believe in her. I also don't believe in most predictions if not all, including mines that I see around here.
No one can predict. Nothing.
What one can do is collect past data and acording to that, for a bias.
A bias is not supposed to be traded. IMHO.
Can be part of your "system" of way of trading. Nothing else.
In that way, in order to be called a system, you must have routines, to run them systematically. That's what defines a system.
And I can tell you, not predict, ensure, that a system without a bailout rule is not a system. It's pure luck. And when it comes to luck, I rather listen the old lady and not play with my money.
So, here is my prediction, if price is on half top of your screen, it will go down. I just not sure when.
If price is at half low of your screen, it will go up. I just dont know when.
If price is avrt middle of your screen. Stay out.
And whatever you do, always plan your money. What would you do if red comes to you.?
In the end is always up to you...

Hope I can turn back on profits.

Stay green.

M15 System Applied to Daily Chart

Below I also shared a LONG TERM outlook for those who are interested in looking into the bigger picture.

1. Check 1: Price is dancing at or below 60 LWMA and is probably preparing to bounce back down. The cloned RED TL is my only reference for now that shows some space for candles to move upwards, and that it might take some time (Maybe 10-15 days) until it can go down again, especially after candles can achieve a touch to the cloned RED TL. Just a guess.
2. Check 2: I also have put a flat RED trendline to show the descending sideways move with more and more "lower high" candles.
3. Check 3: Please notice that the BLUE supportive trendline already broke on Thursday and Friday candle was simply all about retesting breakout area. Especially this situation supports bearish bias.
4. Next week I will simply watch 1.1658 area to look for sell opportunities.
5. 1.1519 is crucial support for Daily and once/if it breaks bear continuation will kick in strongly. But as long as that level supports bulls will try further to go back up.
6. Overall it seems like market is busy with building the right shoulder of a huge H&S pattern. Time will show!

My two cents..

Stay Green

One thing I have to get out of my chest is how much I feel annoyed about this "prediction" talk...

I will cut through the chase:
PATTERNS....... that's it folks..

The whole economic world.. our whole guessing mechanism is based on PATTERNS.. Life is build on PATTERNS... period!

Yesssssss no one can predict the future and we know that already! Stop mentioning it. That's not what we are doing and nobody is claiming that they are doing predicting.

We are technically, deliberately, scientifically etc. trying to detect PATTERNS... and once we are certain we have a solid PATTERN that will repeat itself from time to time (hence that's why they are called PATTERNS.. doh!) it would be an absolute stupidity not to do so. Detecting patterns and then reacting beforehand with the hope it would repeat itself is the whole idea of investment, buying, selling, trading, agriculture, dealing with viruses, coding, human psychology, social behaviour, planet movements, etc etc... It is all about detecting, reading, analysing and then reacting to PATTERNS.. nothing more! But keep talking.. obviously some love to eat the same food every day. I don't. It tires me.

Stay Green

My daily view is quite similar

Here is the honest answer to this question (and to anyone who keeps asking me "shortcut" and "holy grail" type questions lately):
(thank you for all the PM's that I get, the good and the bad )

WARNING: contains harsh truth and reality, might shatter some dreams!

what to expect?
the hardest and toughest experience you will ever have. You can not do this as a "hobby" or "on the side".
If you want to get into trading and succeed, you need to give it everything you got, and more.
The most extreme amount of discipline that you will ever have to put into anything.
- Going to the club with the guys instead of study and work? > fail
- Spend quality time with the family on a sunny sunday morning instead of study and work? > fail
- Giving up instead of study more and work more? > fail
- Being exhausted, taking a break? > fail
- Unable to accept the brutal truth and reality of the game, being caught up and stuck in the typical loophole of ignorance and denial, not willing to get rid of the bullshit and start from scratch in order to get it right? > fail
- Looking for shortcuts, system, signal, holy grail, copy? > fail
- Not willing to work 16 hours a day 7 days a week for the next ten years? > fail
- And (my absolute favourite): Askin some random dude who obviously knows his shit to do the hard work for you and for free? > gotta be kidding me, really...

That's what you must expect if you really want to make it.
The begger and the billionair, they both have 24 hours. It is up to you what you do with it. If you want to succeed, spend your time well, every day, every minute, evey second, take no day off, never sleep, never rest, never lose focus, never let the distractions distract you, do everything it needs to complete the current step in order to reach the next step. If you fail (you will, many times), fail forward. Learn, study, work, nonstop.
Do this, for the next 5 to 20 years, and eventualy you will get there. Maybe not. Most don't. 1 out of 100, at best. You want to be that 1? Work harder than anyone else. You need to want it more than anyone else, more than you want to breathe, more than you want to live, sacrifice everything, work! There is no other way.
If you are not willing to go all the way, don't even start.
That's how you get there. That's what you need to expect.
And that's the "holy grail" that lately so many people ask me for: Work ethic!
That's the only truth there is.


Now on to the EUR/USD... ( I love this shit, really)

nothing has changed, market is rangebound, I waste my most valuable asset (time) with repeating myself,
here are the charts, self explaining shit setup, have fun
PS: I put in the (white) structure trendline again (trendline done right )
Daily:

H1:


oh, btw, been asked how the "Golden Line" is called? Well, I call it "the moneyline". (I do have a more "unpleasant" name for it, but that's insulting, so I don't say ^^)
Why? Because there is where smartmoney fucks up dumbmoney. Your welcome.

>> Retrain your mind
Happy Weekend

You started one month ago… wahou... the road with stressfull trading will be long and difficult…. 5 years of money lost and time on internet and searching and searching again...
Are you really motivated for ?

Indecision on H4. Bounce or drop are possible