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  • #50,461
  • Oct 5, 2018 5:08am Oct 5, 2018 5:08am
Philosophical Friday, PLAYAAAASSS!!!



"Tis trading Nirvana for man to have no divergence between perfect charts lines and the subsequent trades based on those lines. But yet Judge not a man by the colour of his trades (be they in the red or in the green) but by the content of his charts and lines. Offer empathy to the man who has divergence between perfect chart lines and trades quality, for this man walks the precarious tightrope that divides famine and plenty!!!"

MBrown, 2018 aka The Original G! (Gunslinger).


A slow day!
  • #50,462
  • Oct 5, 2018 5:27am Oct 5, 2018 5:27am
Compression is happening. Soon or later it will explode to one side

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This is not investment/trading advise. Will not hold accountable for loss
  • #50,463
  • Oct 5, 2018 5:28am Oct 5, 2018 5:28am
Quoting yousername
Compression is happening. Soon or later it will {image}
But at the lower level ??
  • #50,464
  • Oct 5, 2018 5:28am Oct 5, 2018 5:28am
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
Nah...nah...that's just wrong! To get us through a slow spell, I've serended the thread with fine and high quality Forex poetry (even if I say so myself) and the best you can do is 3 likes. That is just all kinds and types of wrong...lol
  • #50,465
  • Oct 5, 2018 5:31am Oct 5, 2018 5:31am
Adding trendline setup entries on M15 below H1 critical level of 1.14926..
still in first short from 1.15105
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #50,466
  • Oct 5, 2018 5:31am Oct 5, 2018 5:31am
EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 84 KB
Self discipline It is a practice
  • #50,467
  • Oct 5, 2018 5:33am Oct 5, 2018 5:33am
Quoting arasheed
{quote} But at the lower level ??
That equilibrium area can either become a higher low or lower high. Time will tell bro.
This is not investment/trading advise. Will not hold accountable for loss
  • #50,468
  • Oct 5, 2018 5:33am Oct 5, 2018 5:33am
Quoting okshop
EU {image}
Nice! Different methods, same outcome
in wondering about yourself, you forgot what you came here to be part of
  • #50,469
  • Oct 5, 2018 5:48am Oct 5, 2018 5:48am
Quoting mbrown
--------------------------------------------------------------------------------------------------------------------------------------------------------------------- Nah...nah...that's just wrong! To get us through a slow spell, I've serended the thread with fine and high quality Forex poetry (even if I say so myself) and the best you can do is 3 likes. That is just all kinds and types of wrong...lol
1.13 to be honest
Are we there yet says the novice
The market is slow but makes no promise
Has us in the waiting room until further notice...
  • #50,470
  • Oct 5, 2018 5:54am Oct 5, 2018 5:54am
I believe that we are ranging and the news will let us know the direction. If NFP is lower than excpected we should be going up and vice versa.
54LWMA is pretty flat at the moment showing indecision and the market waiting for news.
we will range till US open the at 1:30 London time we will see what is the direction
  • #50,471
  • Oct 5, 2018 5:55am Oct 5, 2018 5:55am
Quoting Alorente
{quote} Try not to pick a bottom. We are in a very strong long term downtrend. It is all about interest rate differential. The US 10 yr. Bond is yielding 3.21% today compared to close to 0% in Germany. Use bounces to sell and you will make steady money and most importantly, eliminate big losses and the stress of going against a tsunami. Once 1.1460 breaks we are headed to test 1.1300 and I expect that level to give way also. I expect us to be at parity sometime by the end of next year and believe it or not, my final target is 0.8870. Here is the...
I had target of 0.9160. 4Q 2020.
  • #50,472
  • Oct 5, 2018 6:03am Oct 5, 2018 6:03am
Good morning folks! I'm expecting price goes a little up until NFP, and then drop 100 pips...watch out and happy trades
  • #50,473
  • Oct 5, 2018 6:05am Oct 5, 2018 6:05am
Quoting xandi
Good morning folks! I'm expecting price goes a little up until NFP, and the drop 100 pips...watch out and happy trades
Yes.... most likely it's STOP HUNTING to the upside before EURO tanked.

PUMP and DUMP
This is not investment/trading advise. Will not hold accountable for loss
  • #50,474
  • Oct 5, 2018 6:11am Oct 5, 2018 6:11am
The possibility that we could see some red data from us today because of the hurricane and EU going up towards 1.16 then when every1 is in for long ..sell off could start towards 1.13

Happy Trading.
Trades technical moves enforced by fundamentals
  • #50,475
  • Oct 5, 2018 6:11am Oct 5, 2018 6:11am
Quoting xandi
Good morning folks! I'm expecting price goes a little up until NFP, and then drop 100 pips...watch out and happy trades
That would be nice. But a drop of 35pips now with a dive of 95 pips later at non farm payroll would be even better
  • #50,476
  • Oct 5, 2018 6:22am Oct 5, 2018 6:22am
Quoting fxsentiment
EURUSD it's time to up. hold 1.1490
Atleast 20 pips more from now
Sentiment runs before trend.
  • #50,477
  • Edited 6:45am Oct 5, 2018 6:31am | Edited 6:45am
Early in the week I recall Ata mentioned that the low he saw for the week was his magnetic support at 1.146x. Boy, I have been wondering how he pulled that figure and it stuck till now.

Let's see if NFP demystifies Ata a little. Lol...

On a serious note now, I wish NFP (the usual 30-pip blip) does the unusual and give us the lower edges of 1.14 so I can buy with zest and pomp.
  • #50,478
  • Oct 5, 2018 6:37am Oct 5, 2018 6:37am
Quoting Ata-Turkoglu
{quote} To define it as a rule here is the logic that I use: In a downtrend: What happens "above" the Green line is more important. Therefore the best time to watch if there was a new higher high is when candles are "above" the Green line! In an uptrend: What happens "below" the Green line is more important. Therefore the best time to check if there was a new lower low is when candles are "below" the Green line. Stay Green
Can that be applied on 5m 15m and 1hr?

Thanks in advance
4&1 All Time Profit: $37,496
  • #50,479
  • Oct 5, 2018 6:38am Oct 5, 2018 6:38am
i believe NFP will make a move lower taking out some sell stops then will priceed to 1.1600 so I'm waiting to enter LONG
  • #50,480
  • Oct 5, 2018 6:43am Oct 5, 2018 6:43am
Quoting MzansiObi
{quote} Can that be applied on 5m 15m and 1hr? Thanks in advance
It can be applied to any timeframe BUT I stay away from M10, M5 or M1 because it is not worth the stress that will come from the noise to just gain tiny pips here and there. Stick to M15 at least if not higher.

Stay Green
Focus only on what truly matters!
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