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EURUSD only

  • #69,621
  • Dec 21, 2018 7:00am Dec 21, 2018 7:00am
Clean PA on M1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Be a spectator, not a player
  • #69,622
  • Dec 21, 2018 7:07am Dec 21, 2018 7:07am
Quoting wiserltz
Clean PA on M1 {image}
What that mean?
  • #69,623
  • Dec 21, 2018 7:09am Dec 21, 2018 7:09am
Longs, watch out for the dollar index! The rally is about to begin.
  • #69,624
  • Dec 21, 2018 7:19am Dec 21, 2018 7:19am
one last pre-christmas short

entry 1.1409
SL 10 pips
Target: 3 possibilities:
- Weekly Midpoint 1.1390
- H1 MA200 =1.1384
- H4 MA200 =1.1382
in wondering about yourself, you forgot what you came here to be part of
  • #69,625
  • Dec 21, 2018 7:19am Dec 21, 2018 7:19am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.mH4.png Size: 47 KB
  • #69,626
  • Dec 21, 2018 7:25am Dec 21, 2018 7:25am
Quoting LCForex
{quote} Good Morning Boys! Until I do not see a break of 1.1400 I am still looking for 1.15. Nice R:R here. Long 1.1424, TP 1.15, SL 1.1408
Stopped out!!! Still long!
Don't believe me just watch!
  • #69,627
  • Dec 21, 2018 7:33am Dec 21, 2018 7:33am
The economic data is probably not going to have much impact as they are within the accounting margins. We stay with technicals.
  • #69,628
  • Dec 21, 2018 7:42am Dec 21, 2018 7:42am
Examples on my thinking process for H1 to M5 correlation:

  1. I am watching Dashed BLUE TL and notice that M5 candles can't touch it. Good for my short trade, so I don't worry.
  2. Dashed TL number 2 gets hit by a candle. I put a horizontal line there to mark it as resistance. But price went higher. Since we are still below GREEN line I don't worry but I also keep watching. (If I had opened a sell order here I would try to get rid of it with break-even).
  3. I notice another Dashed BLUE situation (number 3) and clone a new Dashed BLUE TL next to the previous ones. Once a M5 candle touches it I could go short there if I wasn't already. I mark the touch level with a horizontal line. Now I have a resistance zone to watch. But candles drop back below the zone an nothing to worry.
  4. Here I clone another Dashed BLUE TL (Number 4) and start watching. With the touch I could sell if I hadn't already but next candles close above that touch level so I would get rid of my sell trade at break-even. the following candles would give me that chance. And we would see that none of the candles want to go back below touch level (blue horizontal line) which now acts as support.
  5. I also notice that there is a distance building to nearest dashed RED TL. If price isn't even able to touch that line how can I expect a drop? Also as we know if candles can't even close back below the support level I just marked with a horizontal blue line how can I expect to sell? So here I would take profit and wait on sidelines.

BUT..... as you can see.. these elements that I just explained happen so very often that M5 is really a constantly changing environment. It would require a scalper to constantly clone dashed lines and stay alerted and therefore have a stressful mood just to gain 5 to 8 pips profit on average. No.. that's not the way to do it. Again: use the M5 only just before you would enter a trade on H1 or M15. Stick to higher timeframes. Don't watch the M5, not that it is not possible, but because it is noisy and stressful. My two cents.

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: H1-M5-Status.png Size: 71 KB
Focus only on what truly matters!
  • #69,629
  • Dec 21, 2018 7:43am Dec 21, 2018 7:43am
as long as it stay 1400,bull still got chance ,and 1390-1380 still possible to bounce
i long at 1405 and SL 1360,10 pip below 1370
  • #69,630
  • Dec 21, 2018 7:47am Dec 21, 2018 7:47am
Quoting Ata-Turkoglu
Examples on my thinking process for H1 to M5 correlation: I am watching Dashed BLUE TL and notice that M5 candles can't touch it. Good for my short trade, so I don't worry. Dashed TL number 2 gets hit by a candle. I put a horizontal line there to mark it as resistance. But price went higher. Since we are still below GREEN line I don't worry but I also keep watching. I notice another Dashed BLUE situation (number 3) and clone a new Dashed BLUE TL next to the previous ones. Once a M5 candle touches it I could go short there if I wasn't already. I...
Absolutly and totally clear, thanks a lot
  • #69,631
  • Dec 21, 2018 7:49am Dec 21, 2018 7:49am
Quoting Ata-Turkoglu
Examples on my thinking process for H1 to M5 correlation: I am watching Dashed BLUE TL and notice that M5 candles can't touch it. Good for my short trade, so I don't worry. Dashed TL number 2 gets hit by a candle. I put a horizontal line there to mark it as resistance. But price went higher. Since we are still below GREEN line I don't worry but I also keep watching. (If I had opened a sell order here I would try to get rid of it with break-even). I notice another Dashed BLUE situation (number 3) and clone a new Dashed BLUE TL next to the previous...
Your two cents are a million lira to me
  • #69,632
  • Dec 21, 2018 7:52am Dec 21, 2018 7:52am
Quoting LeongPuiy
as long as it stay 1400,bull still got chance ,and 1390-1380 still possible to bounce i long at 1405 and SL 1360,10 pip below 1370
As I pay more and more attention to your charts, it's beginning to sink in, and it's brilliant. What goes into angling those dashes, both blue and red?
  • #69,633
  • Dec 21, 2018 7:54am Dec 21, 2018 7:54am
Quoting saffanoob
{quote} What that mean?
I see clear step down
Be a spectator, not a player
  • #69,634
  • Dec 21, 2018 7:57am Dec 21, 2018 7:57am
Quoting wiserltz
{quote} I see clear step down

So it's going to up now?
  • #69,635
  • Dec 21, 2018 7:57am Dec 21, 2018 7:57am
Quoting fxreza
{quote} As I pay more and more attention to your charts, it's beginning to sink in, and it's brilliant. What goes into angling those dashes, both blue and red?
I am guessing your post was supposed to quote me. If so then I encourage you to first visit this thread and ask these type of questions there: https://www.forexfactory.com/showthread.php?t=837317

Stay Green
Focus only on what truly matters!
  • #69,636
  • Dec 21, 2018 8:03am Dec 21, 2018 8:03am
Quoting Ata-Turkoglu
{quote} I am guessing your post was supposed to quote me. If so then I encourage you to first visit this thread and ask these type of questions there: https://www.forexfactory.com/showthread.php?t=837317 Stay Green
Thanks!
  • #69,637
  • Dec 21, 2018 8:04am Dec 21, 2018 8:04am
Quoting wasntme
{quote} oh sorry...thot i left a link https://twitter.com/realDonaldTrump?...Ctwgr%5Eauthor
Hi wasntmt

its ok buddy, i got you covered at my post 69627
  • #69,638
  • Dec 21, 2018 8:09am Dec 21, 2018 8:09am
I did not have the opportunity to jump in on a sell today. The 4hr candles are increasingly pointing way down. I don't know if I'll get an entry.
  • #69,639
  • Dec 21, 2018 8:10am Dec 21, 2018 8:10am
Quoting aarash
m15 double bottom? maybe last chance... Small long SL 20 pip
First TP @ 442
Second @ 470
Lets see (Maybe next week)
  • #69,640
  • Dec 21, 2018 8:14am Dec 21, 2018 8:14am
I see here https://www.myfxbook.com/forex-economic-calendar

that today is Fed's Powell Speech ? this is true ... Im asking beacuse Im not sure, there is no other source to confirm that.
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