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Trading EURUSD only 43,756 replies

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  • #43,521
  • Sep 16, 2018 1:34am Sep 16, 2018 1:34am
H1 chart
price in a range
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  • #43,522
  • Sep 16, 2018 2:25am Sep 16, 2018 2:25am
Quoting mrmalik1
{quote} I am waiting for the update regarding the ATA method posts to compile. how long it will take you to complete to compile....Good luck Thanks for your efforts.
I donīt fully understand your question and what youīre driving at. I didnīt know you were waiting and I didnīt see any question or request from you. If youīre asking me about the posts around Ataīs trading style I have copied all posts from the begining etc up to Post 43,474 [his last entry on Friday].

What is you thinking and what is your intention?
  • #43,523
  • Sep 16, 2018 2:33am Sep 16, 2018 2:33am
tif we came back at last Friday how should we anticipate the drop:

reply1 when H1 trend line broke ….yes but too late
reply 2 when H1 candle closed below LW54 yes but we probably could anticipate a little bit earlier

reply 3
When price made a HH on H1 chart we may think that a Higher low will come.
We switch on M15.
The clone H1 trend line broke
M15 Highler lows broke
all became clearer
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  • #43,524
  • Sep 16, 2018 2:44am Sep 16, 2018 2:44am
Quoting SallyB
{quote} I donīt fully understand your question and what youīre driving at. I didnīt know you were waiting and I didnīt see any question or request from you. If youīre asking me about the posts around Ataīs trading style I have copied all posts from the begining etc up to Post 43,474 [his last entry on Friday]. What is you thinking and what is your intention?
sorry my poor English level does not help me to be clear.

I just have created a thread in order to help beginners to have a better PA knowledge which help them to draw key level on a chart .
The basis of all strategy is DOW law. And I think it could be interesting to include this in ATA strategy.
We easily can draw High and low on a chart like i made previously but before to give the answer I would like that these beginners work a little bit.
I do not like to feed with silver spoon without effort .. ATA does that . He is too kind
  • #43,525
  • Sep 16, 2018 4:25am Sep 16, 2018 4:25am
Quoting SallyB
{quote} I donīt fully understand your question and what youīre driving at. I didnīt know you were waiting and I didnīt see any question or request from you. If youīre asking me about the posts around Ataīs trading style I have copied all posts from the begining etc up to Post 43,474 [his last entry on Friday]. What is you thinking and what is your intention?
Bro as you told me that you are going to compile all posts regarding ATA method just asked for that...nothing else.
You mentioned that you will do it and some work has already been done .that's why asked for..
MRMALIK1
  • #43,526
  • Edited 5:19am Sep 16, 2018 4:59am | Edited 5:19am
Quoting 4experience
{quote} sorry my poor English level does not help me to be clear. I just have created a thread in order to help beginners to have a better PA knowledge which help them to draw key level on a chart . The basis of all strategy is DOW law. And I think it could be interesting to include this in ATA strategy. We easily can draw High and low on a chart like i made previously but before to give the answer I would like that these beginners work a little bit. I do not like to feed with silver spoon without effort .. ATA does that . He is too kind
Your english is good, maybe it just needs practice. I wish I could speak French but "Je l'ai oublié.... Je dois practique." Itīs great that you have something "going" and sharing knowledge is a wonderful thing. If you think that it could be interesting to include it in Ataīs strategy, well, youīll have to ask him. I will subscribe and follow your thread and I agree with you, thereīs far too many questions directed at Ata. Even simply ones that have nothing to do with his system and are so easy to google. I wouldnīt have the patience for it. Abientot!

Edit: Come to think of it. You could even do your thread in Francais if you wished. You can express yourself best, itīs the detail that matters, and there are translation possibilities online for followers. I too donīt believe in feeding people with a sliver spoon. If itīs important enough, people will always make an effort.
  • #43,527
  • Sep 16, 2018 5:00am Sep 16, 2018 5:00am
Quoting mrmalik1
{quote} Bro as you told me that you are going to compile all posts regarding ATA method just asked for that...nothing else. You mentioned that you will do it and some work has already been done .that's why asked for..
Everything good then
  • #43,528
  • Sep 16, 2018 5:08am Sep 16, 2018 5:08am
Quoting Sossos
If I had taken the time to look for myself, these two pictures are an example of the work required, I could have save Ata the aggravation of answering my questions. The other thing is take your time, be a seer, as he suggests at the bottom of each of his posts. ( It will be a crying shame to erase it all). {image} {image}

Hi,

I just have to write this is excellent home work you've produced. I'm sure it will benefit many here. Perhaps you can share the chart template in case any of the other students want to recreate your work. Just a thought.

Keep up the good work.
  • #43,529
  • Sep 16, 2018 5:29am Sep 16, 2018 5:29am
Quoting kayikayi
{quote} T-Jay, when do you release the buy or sell that is not profitable once PA takes off in one direction? I tried to do that in the past but I can't manage the hedge correctly unless I make the right gutsy second call that offsets the loss on the hedge....any trick you use? thanks!!
Apologies for the later reply I finished early on Friday and did not check the messages till now.

I only enter both ways if I feel the market could literally go either way (50-50). If my indicators etc say one way over the over I go that way only.

I had 2 instances like this last week and put a buy and sell from the area of interest approx 10 pips apart with SL of 20. When one lost the other went on to make profit.

One lost 20 pips and made +66 pips

one lost 20 pips and made +37 pips

so worked out quite well.

thats it really hope that makes sense
  • #43,530
  • Sep 16, 2018 7:55am Sep 16, 2018 7:55am
As we start getting into the end of the quarter, I donīt see anything that would make me think the Euro is in for a bit of a lift. The last quarter [1Apr-30jun] we had a big bearish engulfing pattern that covered the two previous quarters [1Oct-30Mar]. This quarter thereīs been no attack into those candle bodies. The closest we came was early in the quarter 9.July to be precise, where price touched the Q3 open ī17. and sold off from the 1.1790 level. That stands as the high for this quarter.

Back in June we were getting weekly closes at 1.770, in July at 1.1740, now our weekly closes are 1.1620. Three of the last 4 week, weīve closed off the week at this 1,1622-19 level. Even though we had a hammer formation on last months candle, to have any chance of getting traction for a move up, this month we would need to close at or above 1.1720. The 1.1690 level and quarter open I think isnīt enough and we need to get over a couple of those monthly bodies to have any realistic chance.

The other thing I want to point out is a pattern I see on my charts and that makes me think we could be in for a big move.

If we look at the daily chart, itīs pretty clear to me, that the longer term emaīs [I use, 233,377,610,987 & 1597] have converged on one another. This doesnīt happen so often but if history is to repeat itself we could easily be in for a 10 cent move and more, very soon. The 987,610,377 & 233 emaīs are all within 1.5 cents of one another.

July 2014. - March 2015
The last time we got this type of setup, the emaīs [987, 610, 377 & 233] were just about 1.5cent on one another, the move that followed took price from 1.34 to 1.05. Thatīs a 19 cents in a matter of about 9 months. The driver behind this fall was oil.

Nov. 2011 - Aug 2012.
In 2011 the emaīs were once again nice and close to one another, all within 1.5cents [150pips] before it broke lower. The first move down from the middle if nov to the middle of jan was an 11 cent move, 1.138 – 1.127. If you were long term orientated and decided to stay with the trade, you would have had to endure the move back up as it retraced to the 1.34 lvl before continuing to fall to the 1.120 area by the middle of the summer. Another nice move, in total 18cents within a 10mth period. The driver behind this fall was Greece.

Feb. 2011 – May 2011.
An up move. Here again, the emaīs were within 2.5 cents on one another [610,987 & 1597 all within 1.5 cent] and prices went from 1.37 to 1.48 [11 cents] in less than 4 months. The driver, US economy/risk of double dip recession.

If it doesnīt happen, then it doesnīt happen, itīs the one maybe two times out of ten where it just doesnīt happen. What Iīm saying is that the chances are reasonably good for a nice move. And, when I say very soon, I donīt mean in 15mins time either.

So, what could the driver be ….. I think the biggest risk is on the Italian bonds side. Whoīs going to buy those Italian bonds? Since announcing the QE program more than three years ago, the ECB has been the largest and in most cases the only buyer of Italian bonds. I donīt think the ECB can stop because thereīs nobody else there, to step up. I think theyīll have to continue, theyīll call it something else but QE is back on then. If he doesnīt maybe the European credit markets will collapse so itīs very much dependent on what Mr Draghi does. Houston we got a problem!

Wishing traders a good start into the week.
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  • #43,531
  • Sep 16, 2018 8:45am Sep 16, 2018 8:45am
Quoting mbrown
{quote} Hi, I just have to write this is excellent home work you've produced. I'm sure it will benefit many here. Perhaps you can share the chart template in case any of the other students want to recreate your work. Just a thought. Keep up the good work.
They can recreate it by doing the work. It's an hourly chart and I followed the standards (roughly) that Ata has shown in the thread. The other thing that I do is I make copies of the important pictures that he posts. Then I can look at them at my pace. I use my OneNote to build a library of examples for each method. Obviously the cloned line, continuation is the most common. I think that the "rules" that he uses to draw his lines have been mentioned often and if you enlarge any picture he posts you can see what he is doing.

The work on the indicator is just simple higher high, lower low and divergences. Just simple swing recognition on the indicator rather than price and then comparing the two.

What to look for?
Cloned line breakout which also creates a resistance or support area. Where the line breaks is the R/S area.
Divergence on the MACD, then look for the steep move (exhaustion). The area to look is the last bar body half way point before the break of the steep line.
The magnetic line is most easily understood be searching KiwiOz and read his forum. Lots of pictures, not much explanation. Just get the idea and practice.
There are other forms that Ata uses but these are the most common. Learn these and the level of understanding rises substantially. Personally I have to take each one separately, break it down, draw a bunch of them. Then move to the next method.

Here's an example of my earlier attempts to teach myself how to draw and understand the power of each point of support or resistance. Each step forward brings another layer of belief and understanding. Small steps forward eventually gets you where you need to be. The key is taking YOUR first step. Each person learns differently, we all have our own crazy. Mr. Brown I know you know how this works, third person talk here.

I've been reading this thread for about a month now. I'm not yet an expert of Ata's methods, but I'm chasing it as fast as I can
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  • #43,532
  • Sep 16, 2018 8:48am Sep 16, 2018 8:48am
Quoting Sossos
{quote} Each step forward brings another layer of belief and understanding. Small steps forward eventually gets you where you need to be. The key is taking YOUR first step. Each person learns differently, we all have our own crazy. Mr. Brown I know you know how this works, third person talk here. I've been reading this thread for about a month now. I'm not yet an expert of Ata's methods, but I'm chasing it as fast as I can {image}

I admire a hardworker! I normally put in about 8 to 12 hours a day 6 days a week because it is a labour of love. I'm glad to see you're cut from the same cloth.
  • #43,533
  • Sep 16, 2018 9:10am Sep 16, 2018 9:10am
Quoting mbrown
{quote} I admire a hardworker! I normally put in about 8 to 12 hours a day 6 days a week because it is a labour of love. I'm glad to see you're cut from the same cloth.
Thanks, when my brothers and I ran our trucking business we didn't know shit when we started, but we somehow survived. After 10 years our knowledge and abilities had grown to where we had built our niche in the business. At that point we beat it like a rented mule until it didn't work anymore. It took 20 until it didn't work anymore or we just didn't want to anymore. We sold and walked away.

The process is the same here. I'm 11 years into this. Time for the rented mule part. Most people would have quit long ago. My previous experience taught me that the good side of things is earned. Lord knows I've looked down a lot of rabbit holes learning the art of trading, but it all needed to be done.
  • #43,534
  • Sep 16, 2018 9:32am Sep 16, 2018 9:32am
Quoting mbrown
{quote} I admire a hardworker! I normally put in about 8 to 12 hours a day 6 days a week because it is a labour of love. I'm glad to see you're cut from the same cloth.
I put about 1 hour inspecting news,
1h chat,
30 min planning the day - important.
30 min updates - most important, and trade.


Guess that makes me lazy

And when i dig into new idea... which is rare...i spend 2-3 hours checking it for 2-3 days.

But normally my strategy revolves around following BIG FISH
Attached Image
Beware of robber banks (RB), bad advisors.
  • #43,535
  • Sep 16, 2018 9:39am Sep 16, 2018 9:39am
My plan 1-2 week.

Note FED 25th.
Also note that could drive Euro down before and the 3 days after Fed. Maybe...

But generally up. 1710-50 maybe.

We're in big triangle, mind you.

Green pips!!!
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Beware of robber banks (RB), bad advisors.
  • #43,536
  • Sep 16, 2018 9:42am Sep 16, 2018 9:42am
Quoting T-Jay
{quote} Apologies for the later reply I finished early on Friday and did not check the messages till now. I only enter both ways if I feel the market could literally go either way (50-50). If my indicators etc say one way over the over I go that way only. I had 2 instances like this last week and put a buy and sell from the area of interest approx 10 pips apart with SL of 20. When one lost the other went on to make profit. One lost 20 pips and made +66 pips one lost 20 pips and made +37 pips so worked out quite well. thats it really hope that makes...

thanks T-Jay for the reply I got it!!! and congrats on the wins !!!! wonderful!!!
  • #43,537
  • Sep 16, 2018 10:06am Sep 16, 2018 10:06am
hi dear friends
i wish that me and all in this forum every time in profit
in H1 intraday system monday have uptrend
probably i will open buy position on 1.16275
  • #43,538
  • Sep 16, 2018 10:35am Sep 16, 2018 10:35am
Quoting Neil0163
EU is just noise at minute
There is a person on Quora clearly describing how he makes 10s of thousand of Euros per month being in the market from 6 to 20 minutes trading from the One Minute chart. Are you making €30 000 per month, month after month?

There are endless ways to make money in the EuroDollar market, including thousands, perhaps even 10s of thousands of traders who make lots of money trading the One Minute chart. So, whatīs wrong making money in what other traders consider to be noise? As long as you are making money - thatīs all that matters.
Only real values: Valid rules, discipline and experience.
  • #43,539
  • Sep 16, 2018 10:37am Sep 16, 2018 10:37am
Quoting Not-KPMG
{quote} I put about 1 hour inspecting news, 1h chat, 30 min planning the day - important. 30 min updates - most important, and trade. Guess that makes me lazy And when i dig into new idea... which is rare...i spend 2-3 hours checking it for 2-3 days. But normally my strategy revolves around following BIG FISH {image}
When I'm in your position, by knowing it all, I am sure I'll reduce the number of hours worked too.
  • #43,540
  • Sep 16, 2018 10:43am Sep 16, 2018 10:43am
Quoting Slt93
{quote} There is a person on Quora clearly describing how he makes 10s of thousand of Euros per month being in the market from 6 to 20 minutes trading from the One Minute chart. Are you making €30 000 per month, month after month? There are endless ways to make money in the EuroDollar market, including thousands, perhaps even 10s of thousands of traders who make lots of money trading the One Minute chart. So, whatīs wrong making money in what other traders consider to be noise? As long as you are making money - thatīs all that matters.
Lots to made trading the noise ,,even more if you know which way the noise is pointing ,,, Nice closing a trade for 100s of pips but in that time it took it to move that far 3 times of that is available for sure ,,,, As Ive said before the big swings you see on the eur amount to roughly 8 pips a day average in a trending direction ,,, dont take much for tools to beat that day in and day out ,, not gonna knock someone tho for not trading it ,,each march to a different set of drums
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