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EURUSD only

  • #52,061
  • Oct 11, 2018 11:16pm Oct 11, 2018 11:16pm
Quoting PatienceFx
parade ...... forward march luckily i shifted to quarterly pivots from day trading, i feel bessed ; specially on days like today when my eyesight is rotten due to a stupid ms attack ; lucky me i am a software programmer by profession and i could write my own code to understand pa better ; lucky me to the god who showed me the true path , its entirely his blessing that i am what i am today. lucky me to the people i met here on this site who gave brilliant ideas which shaped my trading habits ; lucky me to one guy i met in 2006 " NASPIANO...
this week's low + ATR value in pips for this week comes in around 1612 ; so that is the average move that eu can make this week, i will be blessed if it can move beyond that

so my trading strategy here would be either to look for a top and book profits there to buy lower or to just hold my trades and continue into next week till i get my target price
  • #52,062
  • Oct 11, 2018 11:21pm Oct 11, 2018 11:21pm
EU screaming 100pips and GU 200pips down...
  • #52,063
  • Oct 11, 2018 11:23pm Oct 11, 2018 11:23pm
Quoting PatienceFx
{quote} this week's low + ATR value in pips for this week comes in around 1612 ; so that is the average move that eu can make this week, i will be blessed if it can move beyond that so my trading strategy here would be either to look for a top and book profits there to buy lower or to just hold my trades and continue into next week till i get my target price
going by the first strategy ; daily R1 comes in around 1621 ; this is where i should look to book and follow the TL on 15 minute RSI break to book the drop

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or i could just wait for RSI on h1 to weaken and drop below median 50 level

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  • #52,064
  • Oct 11, 2018 11:26pm Oct 11, 2018 11:26pm
Quoting volforex
EU screaming 100pips and GU 200pips down...
if i go with ATA's 54 LWMA strategy on h1, i do not see eu screaming anything

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but yes if RSI breaks below that big fat red level or median 50 level on h 1 , i might hear that scream lol

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  • #52,065
  • Oct 11, 2018 11:27pm Oct 11, 2018 11:27pm
Quoting volforex
EU screaming 100pips and GU 200pips down...
volforex could you expand on this comment please
  • #52,066
  • Oct 11, 2018 11:28pm Oct 11, 2018 11:28pm
Quoting PatienceFx
{quote} this week's low + ATR value in pips for this week comes in around 1612 ; so that is the average move that eu can make this week, i will be blessed if it can move beyond that so my trading strategy here would be either to look for a top and book profits there to buy lower or to just hold my trades and continue into next week till i get my target price
I am using 40 week avarage range that stands on 197 pips per week , and now we standing on 173 , so you have more space up to get , right to 1.16200 area , there is the 50% correction of last big move down
yes yes yes
  • #52,067
  • Oct 11, 2018 11:30pm Oct 11, 2018 11:30pm
Quoting PatienceFx
{quote} if i go with ATA's 54 LWMA strategy on h1, i do not see eu screaming anything {image}

i see price action getting to far away from moving average so a pull back could be on the cards
  • #52,068
  • Oct 11, 2018 11:30pm Oct 11, 2018 11:30pm
Quoting MrBullBear
{quote} Wow.. that's deep Digger1. A lot of novice will read these post and sure will give it a thought. I wanna ask you more 'coz I can't afford not to trade a single day coz I really need to. But I know it's too much to ask. I'll just keeping an eye on eye on you and every good traders here. You guys helped us already. We continue learning from your post and advices. More power and wisdom to all of you guys here in eur/usd only family Ata created.
Was an up day since the bounce from the weekly pivot ,,, went how far north ,,, 82 pips then it dropped a bit ,,, Ata s trendline break would have caught it ,, you know its above the hourly 54 Lwa , also above the m30 200 ,, should be kinda thinking long ,,, the high was a fresh weekly high ,, where did price go by eod (end of day ) ,, right back to the high of the day ,,,,, 1st line in the sand was printed daily open ,, gyrated below it then above then pop goes the weasel and puts in another fresh weekly high,,,,, pip atr about a normal 26 pips for the asian range ,, what did it hit , A weekly R1 ,, the ave I told Moty to throw on his m15 chart equates to about the same as a M1 200 ,, its a 13 ema on a M15 chart ,, you will find it points a lot of the same areas out as the trendline breaks Ata was kind enough to show ,,just the ave and the daily open would have got you most of what has been available to get so far today ,,now a weekly R1 got smacked ,, does that mean you sell just because it got whacked ,, nope ,not at the moment ,,, say it goes up and whacks the last weeks high then settles below the W R1 ,,then one might start viewing it as a possible shoulder level ,, we are coming into the last day of the week ,,price has made it all the way back to a quarterly open ,, which is what ,, the 1st line in the sand for the quarter and a res point atm ,, now its up to what frankie and london want to do and the range or one way trip will get bigger,,if it stays above daily open and average then more up ,,, one of them spikes it below then look for it to go down till it gets back above at least the little ave ,,, starts down you have the same levels going down as it had coming up ,, down to the hourly 54 Lwa or the m30 200 see what happens but both will be sht tgts if frankie or london start selling ,, if its to go back up let it pop above then try buying on a spike back down to it etc etc ,,same shit day and day out , if london selling it may be a completely down day or they may have it down to one of those longer chart averages and the the usa session will buy it right back up ,,,,, keep track of the daily range and time of day one can get a decent sense of things ,,,, ya know its not going to drop or go up 300 pips in a day ,,very seldom,,,,,, its gonna move up or down in something of that given manner every day the mkt is open ,,some days will be an even wash by days end or only a few pips different,,, rinse and repeat day in and day out or its going to work on the little weekly swings to a little bigger levels etc etc ,, same shit day in and day out ,,,,,its not easy but its not magic or mystic ,, its just the mkt
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  • #52,069
  • Oct 11, 2018 11:36pm Oct 11, 2018 11:36pm
Quoting Moty
{quote} I am using 40 week avarage range that stands on 197 pips per week , and now we standing on 173 , so you have more space up to get , right to 1.16200 area , there is the 50% correction of last big move down
correct, now you are catching how price moves correctly
  • #52,070
  • Oct 11, 2018 11:39pm Oct 11, 2018 11:39pm
Quoting digger1
{quote} Was an up day since the bounce from the weekly pivot ,,, went how far north ,,, 82 pips then it dropped a bit ,,, Ata s trendline break would have caught it ,, you know its above the hourly 54 Lwa , also above the m30 200 ,, should be kinda thinking long ,,, the high was a fresh weekly high ,, where did price go by eod (end of day ) ,, right back to the high of the day ,,,,, 1st line in the sand was printed daily open ,, gyrated below it then above then pop goes the weasel and puts in another fresh weekly high,,,,, pip atr about a normal...
my salute to digger who took time to write so much, but could i get a summary please
  • #52,071
  • Oct 11, 2018 11:41pm Oct 11, 2018 11:41pm
Quoting PatienceFx
{quote} my salute to digger who took time to write so much, but could i get a summary please
Any interested can read it a few times ,,,summary's are where shit goes wrong because the real points are missed
  • #52,072
  • Oct 11, 2018 11:42pm Oct 11, 2018 11:42pm
if you see the pa on h4 chart i shared above ; its the high of last week where the price may get whacked lmao
  • #52,073
  • Oct 11, 2018 11:44pm Oct 11, 2018 11:44pm
Quoting digger1
{quote} Was an up day since the bounce from the weekly pivot ,,, went how far north ,,, 82 pips then it dropped a bit ,,, Ata s trendline break would have caught it ,, you know its above the hourly 54 Lwa , also above the m30 200 ,, should be kinda thinking long ,,, the high was a fresh weekly high ,, where did price go by eod (end of day ) ,, right back to the high of the day ,,,,, 1st line in the sand was printed daily open ,, gyrated below it then above then pop goes the weasel and puts in another fresh weekly high,,,,, pip atr about a normal...

"And this is me trying to get it right"

  • #52,074
  • Oct 11, 2018 11:47pm Oct 11, 2018 11:47pm
Quoting Dingoman-two
{quote} "And this is me trying to get it right"
You aint fooling me you ole hound ,, you got nose prints on your screen from the intense concentration and the ability to scalp 5 pips out of a 4 pip move
  • #52,075
  • Oct 11, 2018 11:52pm Oct 11, 2018 11:52pm
Quoting Moty
{quote} I am using 40 week avarage range that stands on 197 pips per week , and now we standing on 173 , so you have more space up to get , right to 1.16200 area , there is the 50% correction of last big move down
40 week average stands at 1626
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  • #52,076
  • Oct 11, 2018 11:57pm Oct 11, 2018 11:57pm
my best bet would be just to wait n see what price does round 16236 or just hold my trades till next week
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  • #52,077
  • Oct 12, 2018 12:01am Oct 12, 2018 12:01am
it was TRUMP who got this EU movs goiing and financial markets worldwide crashing with one tweet

" THE FED IS CRAZY INCREASING RATES "
  • #52,078
  • Oct 12, 2018 12:02am Oct 12, 2018 12:02am
Fibo ratio Elliott target hit ....you guys know......wow......sellin, just the gbpusd needs a small jump up then all the main 4 currencies will be goin the same.....tricky USD turns......so the gbpusd goin one more up may affect that euro...not much then losses down to th bottom....or more.....idk about parity but I'm thinkin.....Elliott target the usual 1400 or 1300 then more losses
  • #52,079
  • Oct 12, 2018 12:09am Oct 12, 2018 12:09am
Quoting Gbp/jpy
Fibo ratio Elliott target hit ....you guys know......wow......sellin, just the gbpusd needs a small jump up then all the main 4 currencies will be goin the same.....tricky USD turns......so the gbpusd goin one more up may affect that euro...not much then losses down to th bottom....or more.....idk about parity but I'm thinkin.....Elliott target the usual 1400 or 1300 then more losses
talking elliot

EURUSD trade idea
Entry: Bullish break above 1.1550 or on a dip to 1.1470
Risk: 1.1430
First Target: 1.1850
Second Target: 1.2125

As evidenced through the RSI divergence, it appears EURUSD is trying to form a bottom. A bullish break above 1.1550 would be enough evidence that a bottom is in. A retracement to 1.1470 would afford a tight enough risk scenario to dip our toe in the water for a bullish trade as well.
Based on Elliott wave relationships, the first target is where wave (c) of the zigzag is equal in length to wave (a).
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  • #52,080
  • Oct 12, 2018 12:09am Oct 12, 2018 12:09am
if price can close above that line tomorrow we may break thru and go above 1800 next couple weeks
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buy the rumor,sell the news
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