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EURUSD only

  • #48,921
  • Oct 1, 2018 4:07am Oct 1, 2018 4:07am
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  • #48,922
  • Oct 1, 2018 4:09am Oct 1, 2018 4:09am
Quoting Dingoman-two
{quote} Hourly resistance for the short term @ 1.16006 being the 38.2% fib on the hourly chart. ==
I do kinda see a bearish daily candle but it's still early so im thinking a little sweep for late Sellers then come back down to head to 1.152 handle
  • #48,923
  • Edited 4:54am Oct 1, 2018 4:16am | Edited 4:54am
A general overview from my perspective...
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Attached Image
  • #48,924
  • Oct 1, 2018 4:21am Oct 1, 2018 4:21am
Hey guys,

Here's a presentation video about the indicator that I used the most in order to define the trend in term of statistic.
Linear regression and R-squared. The video focus primarily on R-Squared.

Enjoy.

If you find this video useful please support me by subscribe, like, comment and share it with everyone.

Inserted Video


MT4 Linear regression R-squared can be found here
https://www.mql5.com/en/code/7244
This is not investment/trading advise. Will not hold accountable for loss
  • #48,925
  • Oct 1, 2018 4:21am Oct 1, 2018 4:21am
In terms of structure we may now have finished three legs down on H1=first leg down on H4. Or we may be in consolidation.
Either way, it looks like a retracement up is in play that would be confirmed above the dash line forming a W pattern.
BUT we are aware of what can happen in these situations as the big spikes/pin bars showed us at the top so there is always a risk of one appearing to the downside to take out the stops.

I will be looking for three legs up now on the 15min/5min as a retracement and will be watching for bearish pins and a potential M or RRTs to warn me it is nearly done. If it continues much above 1.1720 I'd be thinking it may be part of a consolidation, but otherwise I'm prepared for the next three H1 legs down = 2nd leg down on H4.

Just my take of course, you must always be prepared for the unexpected - that's how the SM leaves us stranded!
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  • #48,926
  • Oct 1, 2018 4:24am Oct 1, 2018 4:24am
Quoting From0toHero
{quote} I put you to ignor list, but i see that you can be actually perfect ANTYindicator. just do oposite to Moty
BUT NOW YOU ARE IN MY IGNORE LIST
yes yes yes
  • #48,927
  • Oct 1, 2018 4:32am Oct 1, 2018 4:32am
EU D1 + H1 + 15 M

1.16830 looks like the perfact target
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yes yes yes
  • #48,928
  • Oct 1, 2018 4:41am Oct 1, 2018 4:41am
Quoting evilglory
{quote} thanks! boarded the south train, move entry to DP 1.16075. lets see where it goes. hopefully can reach TP 1.1525 move sl to BE +1
closed out with +1, re-enter again at 1.16075, SL 1.1625, tp 1.1526(there about) Will move SL when in positive region for trade and change to trailing sl 20 pips if price reach 1.1577

not looking good for the trade. lol. good start does not mean a great end.
loss 100k in Forex, up 1k, still have 99% to go!!
  • #48,929
  • Oct 1, 2018 4:45am Oct 1, 2018 4:45am
Quoting Moty
{quote} BUT NOW YOU ARE IN MY IGNORE LIST
Im ready to watch this kind of drama. LOL
Profit growth tells you the trader ability.
  • #48,930
  • Oct 1, 2018 4:53am Oct 1, 2018 4:53am
kinda of a key 4hr bar here, watching with interest...if I see any reason for a continuation, I'll try some shorts...
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Look Sharp/Trade Tight
  • #48,931
  • Oct 1, 2018 5:03am Oct 1, 2018 5:03am
Quoting sponge
This old bug#er aint finished yet by the look of it, falling below at the open Looking at the daily I think we have some more downside ahead even though todays candle looks like a hammer volume aint confirming for me. If we go downside next week could see a re-test of 1.1520 area, I think if this goes then pack your shorts your gonna need them Bullish signs over 1.1615, last gasp for bulls 1.14945 you might like to take note these are your monthly fibs The old bug#er still has the bull's key. Just my take good...
Testing 1.1615 atm
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All charts/ideas based on UK time zone
  • #48,932
  • Oct 1, 2018 5:04am Oct 1, 2018 5:04am
Quoting evilglory
{quote} closed out with +1, re-enter again at 1.16075, SL 1.1625, tp 1.1526(there about) Will move SL when in positive region for trade and change to trailing sl 20 pips if price reach 1.1577 not looking good for the trade. lol. good start does not mean a great end.
we have very strong bullish candles my friend. fib levels or any other level in fact are not guarantee to give you what you want.

they are only possibility's my friend

price action is now starting to show weakness, but only time will tell.

  • #48,933
  • Oct 1, 2018 5:08am Oct 1, 2018 5:08am
Quoting Mourad
long @ 1.15990 We were above the green line, and London to London TL, and m15 closed above the red TL. Don't want to rush moving to BE, better give it some room to breath. TP @ 1.16172
TP hit..
  • #48,934
  • Edited 5:24am Oct 1, 2018 5:09am | Edited 5:24am
Short @ 1615...SL 5 pips...expecting a move down to 14xx so if not stopped out will trail market stucture (hourly lower high swings). I coule be wrong and lose 5 pips...no-biggie. Algo is still long.



Think global, act local.
  • #48,935
  • Oct 1, 2018 5:22am Oct 1, 2018 5:22am
Little bit correction to 1.6075 and then up at least to 1.16386
  • #48,936
  • Oct 1, 2018 5:22am Oct 1, 2018 5:22am
Quoting mbrown
Short @ 1615...SL 5 pips...expecting a move down to 14xx so if not stopped out will trail market stucture (hourly lower high swings). I coule be wrong and lose 5 pips...no-biggie. Algo is still long.
Im waiting for re-entry. You’re already shorting. Nice
  • #48,937
  • Oct 1, 2018 5:25am Oct 1, 2018 5:25am
Quoting mbrown
Short @ 1615...SL 5 pips...expecting a move down to 14xx so if not stopped out will trail market stucture (hourly lower high swings). I coule be wrong and lose 5 pips...no-biggie. Algo is still long.
your tp target is way more aggressive than mine. love it. but i'll stick to 1.1525 first and re-enter fromthe bounce..... if it gets there today lol
loss 100k in Forex, up 1k, still have 99% to go!!
  • #48,938
  • Oct 1, 2018 5:26am Oct 1, 2018 5:26am
Quoting Dingoman-two
{quote} we have very strong bullish candles my friend. fib levels or any other level in fact are not guarantee to give you what you want. they are only possibility's my friend price action is now starting to show weakness, but only time will tell. ...

thanks for the heads up. all is still good, sl in place so letting it do its thing

cheers!!
loss 100k in Forex, up 1k, still have 99% to go!!
  • #48,939
  • Oct 1, 2018 5:31am Oct 1, 2018 5:31am
Quoting evilglory
{quote} your tp target is way more aggressive than mine. love it. but i'll stick to 1.1525 first and re-enter fromthe bounce..... if it gets there today lol
Trailing the lower high swings should help me secure most of the profit if the price moves our way.
  • #48,940
  • Oct 1, 2018 5:34am Oct 1, 2018 5:34am
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... took a few extra pips from move in the channel. So now go eating.
Perfection is the enemy of good enough!
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