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EURUSD only

  • #45,501
  • Sep 20, 2018 10:51pm Sep 20, 2018 10:51pm
Quoting PatienceFx
i normally enter a new trade when rsi is close to median, at other times i just sit on the fence doing nothing but wait and whenever the bands start to squeeze something new is born ....... lol {image}
What do you mean for it brother? Means you put trade when it is at 50, 55, 45? Also what timeframe you use for watching rsi? Please guide me.
  • #45,502
  • Sep 20, 2018 10:53pm Sep 20, 2018 10:53pm
Now short at 1.1783 (to join Ata)
The 30m, 45m 60m all showing the recent price rise is wickedly low on volume with bearish divergence.
  • #45,503
  • Sep 20, 2018 10:55pm Sep 20, 2018 10:55pm
Quoting PatienceFx
i normally enter a new trade when rsi is close to median, at other times i just sit on the fence doing nothing but wait and whenever the bands start to squeeze something new is born ....... lol {image}
I was so stupid I was thinking that 80 is the max for RSI and it will come down but now understood that I was wrong
  • #45,504
  • Sep 20, 2018 10:55pm Sep 20, 2018 10:55pm
Quoting Thosy
{quote} What do you mean for it brother? Means you put trade when it is at 50, 55, 45? Also what timeframe you use for watching rsi? Please guide me.
rsi between 55 and 45 means market is ranging, unless there is a strong breakout
  • #45,505
  • Sep 20, 2018 11:00pm Sep 20, 2018 11:00pm
Quoting PatienceFx
{quote} rsi between 55 and 45 means market is ranging, unless there is a strong breakout
I think I could not clear my question, I meant do you buy at 35 (below 40) or 45 (above 40), or at 30 and 50 levels, also what timeframe you use for scalping and for long trend?
  • #45,506
  • Sep 20, 2018 11:02pm Sep 20, 2018 11:02pm
Quoting Lcky
{quote} I was so stupid I was thinking that 80 is the max for RSI and it will come down but now understood that I was wrong
rsi at median is the difference between sitting and grinding my teeth, heck why is my trade not working and having a solid reason to trade
  • #45,507
  • Sep 20, 2018 11:03pm Sep 20, 2018 11:03pm
Quoting Thosy
{quote} I think I could not clear my question, I meant do you buy at 35 (below 40) or 45 (above 40), or at 30 and 50 levels, also what timeframe you use for scalping and for long trend?
i scalp m1 & m5 , i use m15 for longer term trend entries, m15 is always safest
  • #45,508
  • Sep 20, 2018 11:03pm Sep 20, 2018 11:03pm
Starting to think about what Ata mentioned yesterday about the daily chart and looking left. Ain’t much in the way of a huge upward move.
A snails pace wins the race :-)
  • #45,509
  • Edited 11:19pm Sep 20, 2018 11:04pm | Edited 11:19pm
Quoting jalbizman
EU (daily): after been having three white soldiers, we prepare to have inverted head & shoulders pattern ? {image}
Very good breakout for EU as I predicted. But now, I think that it need a correction for EU, maybe EU will test Neck line (1.173-1.170). Time will tell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 332AE852-1877-4C87-BD71-0A24EC6BAD39.jpeg Size: 842 KB
Click to Enlarge Name: 1AA061E6-3BEF-4219-9B13-CA650F2DCF59.png Size: 92 KB
Think Big, Start small !
  • #45,510
  • Sep 20, 2018 11:06pm Sep 20, 2018 11:06pm
Quoting PatienceFx
{quote} i scalp m1 & m5 , i use m15 for longer term trend entries, m15 is always safest
Thanks for your help sir brothers.
  • #45,511
  • Sep 20, 2018 11:06pm Sep 20, 2018 11:06pm
Quoting TheLaw1
Now short at 1.1783 (to join Ata) The 30m, 45m 60m all showing the recent price rise is wickedly low on volume with bearish divergence.
I believe his SL was at BE, and he stopped out long ago...
A snails pace wins the race :-)
  • #45,512
  • Sep 20, 2018 11:07pm Sep 20, 2018 11:07pm
Quoting TheLaw1
Now short at 1.1783 (to join Ata) The 30m, 45m 60m all showing the recent price rise is wickedly low on volume with bearish divergence.
A beautiful rising wedge on the 15min plus RS1 21 on same time frame showing powerful bearish divergence. If the wedge plays out you are almost guaranteed 1.1750.
  • #45,513
  • Sep 20, 2018 11:21pm Sep 20, 2018 11:21pm
Is it not going to 1.160 anymore before 1.18 or what? Thoughts?
  • #45,514
  • Sep 20, 2018 11:23pm Sep 20, 2018 11:23pm
My view next few hours

And yes Digger, i did look at the H1 too, trying to make sense there. ha ha
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 21 Sep2018 v2.png Size: 27 KB
Trade it as it lies
  • #45,515
  • Sep 20, 2018 11:25pm Sep 20, 2018 11:25pm
Quoting Lcky
{quote} I was so stupid I was thinking that 80 is the max for RSI and it will come down but now understood that I was wrong

Prices can stay overbought for a very Long time.
  • #45,516
  • Edited Sep 21, 2018 12:30am Sep 20, 2018 11:31pm | Edited Sep 21, 2018 12:30am
Quoting Starcraftmaz
Is it not going to 1.160 anymore before 1.18 or what? Thoughts?
Not likely now, to finish her journey first 1805/1854 all in high sell zones, so spikes up & down may to see. Even now to develop bull set up may not correct towards 1740 & down to wait Lo. So may use set up bull around 1774.Take care in the shake up coming today on all sides.bull in favor.usd ready to continue crush to next support around 92 to decide next too.Anyway after just breaks92usdx may start the correction up as last leg above previous top & so big crush very possible that time. Now concentrate to finish bull leg.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #45,517
  • Sep 20, 2018 11:51pm Sep 20, 2018 11:51pm
Quoting jalbizman
{quote} Very good breakout for EU as I predicted. But now, I think that it need a correction for EU, maybe EU will test Neck line (1.173-1.170). Time will tell. {image} {image}
yes a swing low is possible, but when ?
  • #45,518
  • Sep 20, 2018 11:53pm Sep 20, 2018 11:53pm
Took profits on longs and got shorty at 1.1780. Not really convinced on shorts just now but I expect the usual profit taking on Friday.

Plus I need to take some money out to buy some land near beaches and building beach house. So now I am trading reduced size as margin has shrunk.
Ecclesiastes 1:9
  • #45,519
  • Sep 20, 2018 11:54pm Sep 20, 2018 11:54pm
buy 1778
  • #45,520
  • Sep 21, 2018 12:23am Sep 21, 2018 12:23am
Quoting Dingoman-two
{quote} who said anything about shorting, i sold and i am watching,looking for another trade/long or short i dont care if you think i am wrong then you are wrong, i use to post my trades before but after a conversation with a respected member in FF i wont be doing that anymore but make no mistake my friend i have earn't here more today then most people here in Australia can earn in a week. easy peasy
Just please don't stop posting your positions Dingoman, I think you are one of the guys who gets it spot on most of the times and some of us benefit from your contribution.
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