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EURUSD only

  • #38,141
  • Aug 29, 2018 12:04pm Aug 29, 2018 12:04pm
Signs of Bearish Divergence on 4H Chart.
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When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #38,142
  • Aug 29, 2018 12:05pm Aug 29, 2018 12:05pm
Quoting digger1
{quote} 1707 is weekly R1
And it's going into the quiet time for the E/U. I'm expecting the bars to get small as usual. Just wondering if they will be small going up, sideways or down.
  • #38,143
  • Aug 29, 2018 12:05pm Aug 29, 2018 12:05pm
This is a short-term trend break

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  • #38,144
  • Aug 29, 2018 12:08pm Aug 29, 2018 12:08pm
Quoting Sossos
{quote} And it's going into the quiet time for the E/U. I'm expecting the bars to get small as usual. Just wondering if they will be small going up, sideways or down.
Ah , bout time for the afternoon delight ,, just when you think everything has slowed down , it hasent lol,, not always tho
  • #38,145
  • Aug 29, 2018 12:12pm Aug 29, 2018 12:12pm
Quoting Slt93
This is going higher. Breakout through the Top of the Triangle. M3 {image}
I not so, sure, looks to me like a bit of a bearish setup developing. Waiting.
Trade it as it lies
  • #38,146
  • Edited 12:38pm Aug 29, 2018 12:19pm | Edited 12:38pm
Quoting hdlSA
{quote} I not so, sure, looks to me like a bit of a bearish setup developing. Waiting.
Nothing Bearish about this.
Only one rule to follow: M3 10 x 50. Only Take Profit on M3 10 x 50 Down. In a very slow Sideways Market, move to M4 10 x 50.
Best maybe to hold back your Stop Loss. Lock in your profit. Tomorrow morning you may wake up with 50 Pips more profit. This is very normal in a strong Up market.
Happens often.
Do you see anything Bearish on the M30? Ok, M30 MACD Signal Line Trend (SLT) has not reversed UP yet, but it has on the M6. That is a very strong UP signal.
M3
M30
M6
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Only real values: Valid rules, discipline and experience.
  • #38,147
  • Aug 29, 2018 12:19pm Aug 29, 2018 12:19pm
Quoting hdlSA
{quote} I not so, sure, looks to me like a bit of a bearish setup developing. Waiting.
Agreed- Nice H&S on 60m with MACD divergence. Waiting for pullback below 54 LWMA. Time wil tell.
  • #38,148
  • Aug 29, 2018 12:26pm Aug 29, 2018 12:26pm
Quoting Slt93
{quote} Nothing Bearish about this. Only one rule to follow: M3 10 x 50. Only Take Profit on M3 10 x 50 Down. In very slow Sideways Market, move to M4 10 x 50. Best maybe to hold back your Stop Loss. Lock in your profit. Tomorrow morning you may wake up with 50 Pips more profit. This is very normal in a strong Up market. Happens often. M3 {image}
If tomorrow morning you are -50 pips, better not to wake up. You don't have to promote your own style of trading or your favorite indicators. Every trader has its own tools. I knew a guy who made a fortune on a simple S/R approach. In 2009 he bought shares of Citi Bank at penny stock price of 1$. Everyone asked him why, he answered that it is on a solid support. Too bad I was too young and didn't pay attention to his advice. I could pay out my mortgage by now.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #38,149
  • Aug 29, 2018 12:32pm Aug 29, 2018 12:32pm
eu vs dx 5 m
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yes yes yes
  • #38,150
  • Aug 29, 2018 12:32pm Aug 29, 2018 12:32pm
Quoting Montrealer
{quote} If tomorrow morning you are -50 pips
You are very wise and experienced. Thank you for you comments on this forum.

However, it is an ABSOLUTE fact that it is IMPOSSIBLE to wake up tomorrow morning with - 50 Pips when I have LOCKED IN MY CURRENT PROFIT.

I know you agree with me.

You just forgot that.

To err is human.

Carry on trading profitably, as you do.
Only real values: Valid rules, discipline and experience.
  • #38,151
  • Aug 29, 2018 12:34pm Aug 29, 2018 12:34pm
Quoting Slt93
{quote} Nothing Bearish about this. Only one rule to follow: M3 10 x 50. Only Take Profit on M3 10 x 50 Down. In very slow Sideways Market, move to M4 10 x 50. Best maybe to hold back your Stop Loss. Lock in your profit. Tomorrow morning you may wake up with 50 Pips more profit. This is very normal in a strong Up market. Happens often. Do you see anything Bearish on the M30? Ok, M30 MACD Signal Line Trend (SLT) has not reversed UP yet, but it has on the M6. M3 M30 M6 {image} {image} {image}
I like the way you post and the information you provide. I've been paying attention for a couple of weeks trying to pick up a few ideas for shorter-term algos. Keep up the good work!!!
  • #38,152
  • Aug 29, 2018 12:34pm Aug 29, 2018 12:34pm
Looks like the bulls want to hold above 1.1700

Don't see any negative volume coming in atm ...could change quickly of course

Bull - I have yesterdays pivot at 1.16977 it's took a bit of a roasting today but I still think it's bullish above

Bear - Price still seems to be fighting the weekly T/L
All charts/ideas based on UK time zone
  • #38,153
  • Aug 29, 2018 12:38pm Aug 29, 2018 12:38pm
Quoting Slt93
{quote}However, it is an ABSOLUTE fact that it is IMPOSSIBLE to wake up tomorrow morning with - 50 Pips when I have LOCKED IN MY CURRENT PROFIT.
Everything is possible my friend. Your broker can slip your order by 100 pips or simply cancel your profits. Happens with some bad brokers.
But I'm wondering if you know what the word "irony" does mean? Take it easy and keep your sense of humor up.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #38,154
  • Aug 29, 2018 12:41pm Aug 29, 2018 12:41pm
Quoting Montrealer
{quote} Everything is possible my friend. Your broker can slip your order by 100 pips or simply cancel your profits. Happens with some bad brokers. But I'm wondering if you know what the word "irony" does mean? Take it easy and keep your sense of humor up.
Yes, you are right. Luckily, I am not with a bad broker.
Only real values: Valid rules, discipline and experience.
  • #38,155
  • Aug 29, 2018 12:42pm Aug 29, 2018 12:42pm
Quoting Montrealer
{quote} If tomorrow morning you are -50 pips, better not to wake up. You don't have to promote your own style of trading or your favorite indicators. Every trader has its own tools. I knew a guy who made a fortune on a simple S/R approach. In 2009 he bought shares of Citi Bank at penny stock price of 1$. Everyone asked him why, he answered that it is on a solid support. Too bad I was too young and didn't pay attention to his advice. I could pay out my mortgage by now.
Sorry Montrealer, but I am sure you have no clue what you are talking about...it's not worth it to brag about making $6 per share for the last 9 years...Do you know what is reverse split?....check this out...https://money.cnn.com/2011/03/21/new...plit/index.htm
Always trade your plan.
Always trade your own plan...I don't provide trading signals.
  • #38,156
  • Aug 29, 2018 12:42pm Aug 29, 2018 12:42pm
Quoting mbrown
{quote} I like the way you post and the information you provide. I've been paying attention for a couple of weeks trying to pick up a few ideas for shorter-term algos. Keep up the good work!!!
Thank you.
Only real values: Valid rules, discipline and experience.
  • #38,157
  • Edited 2:56pm Aug 29, 2018 12:48pm | Edited 2:56pm
Find it curious that EURUSD closed at 1.1695ish every month since May. Could happen again. Monthly, August is totally flat right now.
  • #38,158
  • Aug 29, 2018 12:48pm Aug 29, 2018 12:48pm
If not the move of the pound up, then the euro was still around 1.16500
yes yes yes
  • #38,159
  • Aug 29, 2018 12:51pm Aug 29, 2018 12:51pm
Quoting Coreg2004
{quote} Sorry Montrealer, but I am sure you have no clue what you are talking about...it's not worth it to brag about making $6 per share for the last 9 years...Do you know what is reverse split?....check this out...https://money.cnn.com/2011/03/21/new...plit/index.htm Always trade your plan.
When you make such a profit (100% per year over decade), then come back and talk to me again.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #38,160
  • Aug 29, 2018 12:53pm Aug 29, 2018 12:53pm
H1 Status Update (For my followers!)

Typical "flat" 54 LWMA day with various choppy price action.. Not surprised at all.. I am currently keeping my long trade from 1.1688.. SL at BE and inside these minutes hunters try to catch me.. Is well if I get stopped out..

  1. Check 1: Price climbed back above 54 LWMA line: Back to bullish!
  2. Check 2: We are also nicely above LO price: Bulls have the upper hand as long as above it.
  3. Check 3: 54 LWMA line is still flat: Choppiness might continue for a while with bullish tone.
  4. Breakout level from RED TL is at 1.1686 and if that area gets retested I will look to buy again even if I get stopped out!

My two cents.. I hope it helps..

Stay Green

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