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  • #32,801
  • Aug 7, 2018 11:31pm Aug 7, 2018 11:31pm
Quoting selfrit
oh man, i'm short from 16060 i thought it were going down. I need to learn more, do you guys have any link of reference to be a better trader ?? Thanks in advance
find out how many types of momentum indicators exist in mt4 ; there are more than 3 as a hint
  • #32,802
  • Aug 7, 2018 11:34pm Aug 7, 2018 11:34pm
Quoting PatienceFx
{quote} find out how many types of momentum indicators exist in mt4 ; there are more than 3 as a hint
Thanks for the reply, could you tell me what are the indicators since i'm newbie.
i've tried adx and it's not good enough since it's only following the price.
  • #32,803
  • Aug 7, 2018 11:38pm Aug 7, 2018 11:38pm
Quoting selfrit
{quote} Thanks for the reply, could you tell me what are the indicators since i'm newbie. i've tried adx and it's not good enough since it's only following the price.
rsi and stoch are also momentum indicators ; they work best above/below the belt [50 level]

other levels on them are just to confuse you
  • #32,804
  • Aug 7, 2018 11:39pm Aug 7, 2018 11:39pm
Quoting selfrit
oh man, i'm short from 16060 i thought it were going down. I need to learn more, do you guys have any link of reference to be a better trader ?? Thanks in advance
Learn to read your charts my friend,

Take a look at the 15 min chart you will see the last two big up pushes as green candles,

The second one is a bit smaller than the first,the third one will be shorter again,

this is implying weakness to the up side is in play,

expect the possibility of changes after third big push.

=
  • #32,805
  • Aug 7, 2018 11:44pm Aug 7, 2018 11:44pm
Quoting msniper
{quote} down is the way to go just be patient
Where do you think its pulling back to, pls give a hint, newbie sake
  • #32,806
  • Aug 7, 2018 11:44pm Aug 7, 2018 11:44pm
good morning
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur usd DAILY.png Size: 25 KB
Click to Enlarge Name: eur usd h4.png Size: 35 KB
Click to Enlarge Name: eur usd h1.png Size: 29 KB
Click to Enlarge Name: eur usd 15m.png Size: 27 KB
Click to Enlarge Name: DX D.png Size: 24 KB
yes yes yes
  • #32,807
  • Aug 7, 2018 11:44pm Aug 7, 2018 11:44pm
Quoting Dingoman-two
{quote} Learn to read your charts my friend, Take a look at the 15 min chart you will see the last two big up pushes as green candles, The second one is a bit smaller than the first,the third one will be shorter again, this is implying weakness to the up side is in play, expect the possibility of changes after third big push. =
when having sex we push pull back then push harder lol

coming back to forex we have waves / breakouts / whatever you explained above and the likes

see the hilarious similarity lol
  • #32,808
  • Aug 7, 2018 11:46pm Aug 7, 2018 11:46pm
Quoting PatienceFx
{quote} rsi and stoch are also momentum indicators ; they work best above/below the belt [50 level] other levels on them are just to confuse you
Yeah, i'm following my stoch and it appears i'm dead wrong
  • #32,809
  • Aug 7, 2018 11:49pm Aug 7, 2018 11:49pm
Quoting selfrit
{quote} Yeah, i'm following my stoch and it appears i'm dead wrong
h4 momentum stands exhausted for now, the reason is obvious
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 38 KB
  • #32,810
  • Aug 7, 2018 11:50pm Aug 7, 2018 11:50pm
Quoting TudorIoan
Bias. Reason: on D1 it looks like we're on "the bottom"... if no fundamentals, news, we might expect a bounce. Disclaimer: it's just a bias. {image}
Nice. Thank you TI!
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART1.png Size: 102 KB
Member
  • #32,811
  • Aug 7, 2018 11:50pm Aug 7, 2018 11:50pm
Quoting selfrit
{quote} Yeah, i'm following my stoch and it appears i'm dead wrong

Stochastic settings= try 11/2/2
  • #32,812
  • Aug 7, 2018 11:51pm Aug 7, 2018 11:51pm
Quoting Dingoman-two
{quote} Learn to read your charts my friend, Take a look at the 15 min chart you will see the last two big up pushes as green candles, The second one is a bit smaller than the first,the third one will be shorter again, this is implying weakness to the up side is in play, expect the possibility of changes after third big push. =
thanks for the lesson, i thought 16060 is a good resistance since it had failed twice to break but how do you know there would be the third one ??
  • #32,813
  • Aug 7, 2018 11:54pm Aug 7, 2018 11:54pm
The chart says 1.17xx and heart says 1.15xx
  • #32,814
  • Aug 7, 2018 11:56pm Aug 7, 2018 11:56pm
Quoting djtrillz
{quote} Where do you think its pulling back to, pls give a hint, newbie sake
hard to guess but I assume we have 2 strong resistance walls the 50% fibo 1.1640 and the 61.8% fibo 1.1665 and I believe we will not have any daily close above them in order to show strength of the bears.

for stop loss I suggest anyone short should stop loss at 1.1750 or if he is welling to take more risk to make it higher to 1.1790.

I personally already added extra short at 1.1626 and I will add more if it reach 1.1650

if the down move start it will not be slow as the last week. the pressure will be higher.

many is aiming right now to 1.1180 but myself I always take profit before everyone else target to stay safe

good luck
  • #32,815
  • Aug 7, 2018 11:57pm Aug 7, 2018 11:57pm
Quoting StallionF
The chart says 1.17xx and heart says 1.15xx
which chart pattern is telling you we will go to 1.17xx ?
  • #32,816
  • Aug 7, 2018 11:58pm Aug 7, 2018 11:58pm
Quoting selfrit
{quote} thanks for the lesson, i thought 16060 is a good resistance since it had failed twice to break but how do you know there would be the third one ??
"all resistance points that can be broken sooner or later"

my friend
  • #32,817
  • Aug 7, 2018 11:58pm Aug 7, 2018 11:58pm
Quoting StallionF
The chart says 1.17xx and heart says 1.15xx
momentum says hold it
Attached Image
  • #32,818
  • Aug 8, 2018 12:01am Aug 8, 2018 12:01am
Quoting selfrit
{quote} thanks for the lesson, i thought 16060 is a good resistance since it had failed twice to break but how do you know there would be the third one ??

experiences over time,


google chart patterns and try to learn them,

try u-tube as well
  • #32,819
  • Aug 8, 2018 12:02am Aug 8, 2018 12:02am
Quoting msniper
{quote} which chart pattern is telling you we will go to 1.17xx ?
I uploaded the chart yesterday. On M15 there is minor resistance 1.1625. If broken than 1650 and 1700.
  • #32,820
  • Aug 8, 2018 12:09am Aug 8, 2018 12:09am
Quoting StallionF
{quote} I uploaded the chart yesterday. On M15 there is minor resistance 1.1625. If broken than 1650 and 1700.
hope you are right so I can short more and more to make more money
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