EURUSD only

There is no shortcut my dear brother. It takes serious time. Start with free material. Watch a lot of youtube videos and read free e-books for the first year. At the same time, begin to learn how to use Metatrader 4 or 5. That's what demo trading is for. Demo trading will not teach you how to trade. Demo trading is best for getting used to the Metatrader platform (or any other platform you have chosen). Once you have fully grasped the fundamentals of trading and also once you feel confident using the indicators and other elements of Metatrader both on your phone and desktop you then can start to trade with smallest amounts of real money to taste the feeling of losing real money and to understand the psychology which is the 99.9% part of trading. Again, don't rush and simply aim to build up your elementary skills in around 1 to 3 years. I hope it clarifies.

Stay Green

This is 100% understandaable,
thanks Ata

Price structure is clearly bullish, my plan for today is buy as close to 1.13 as it gets.

Ok guys - im sure you all will agree the next big movement is going to happen when FOMC minutes are released. Day traders and scalpers still have plenty of time before then but im mostly interested in what happens post FOMC... for the next setup.

Technically we seem to be looking at a weekly trend change or 'wave' to the upside due to broad based USD weakness visible on the DXY. EurUsd has bounced up from previous support in the high 12s. looking back at past history on D1 - we can see that a repetitious pattern has occurred from these levels several times before - and has resulted in a move back above 1.14 and even 1.15- So it seem quite probable that this occurs again based on the past history of last 3 months. We are clearly in a range of mid 12s to mid 15s...

So what are the likely outcomes of the FOMC meeting? - My view is data dependancy, wait and see approach remains, rates on hold or perhaps a hike later in the year. inflation still not a problem yet, can afford to wait and see. Jobs data is quite strong tho - so i would expect to see inflationary pressures building - however import PPI data is falling - strong USD effect and CPI was flat.
Will the language change at all, or be much the same as last time? - There was a serious bump in the road recently on the US retail sales data, however there was some uncertainty around the accuracy of the data due to gov shutdown - will be interested to see if they talk about this in their minutes and brush it aside or adopt a cautionary tone surrounding it.
Previous manufacturing data wasnt that great either.
Global growth slowdown now evident.
So all things considered - there may not be all that much fireworks offered unless a dovish surprise shows up - a cannot see a hawkish surprise occurring as it seems several of the FOMC members are subtly engaged in talking the dollar down - started with dovish powell speech and sent EU above 1.15 and has been followed by several other members comments since whilst USD climbing again... My sentiments are the FOMC would like to see the USD a little lower than where it is so they might put a slight dovish tone on things or remain neutral.

Anyone else have anything to add?

Kayi.

Definately it's not completed yet. Bit of an expanded flat at the moment. Looking at structure pushing towards 1.1380-1,1400 and then coming back down.

If that gets invalidated we still back looking at the overall longer term structure that sees us back above 1.1600 but the daily closes need to support that and for now price still accumulating for next big move

that's exactly how I see it. so a decision point tomorrow and the big picture might get a bit clearer

A domani!

I think this is going up to 1.13920 as first target. If trend still continues it will go up to 1.14520

1H

try these guy"s my friend,

FXCyborg
High Level Accuracy Method With Little To NO Draw-down


Ata-Turkoglu
Effortless Trading Explained + FAQ

Hello traders. Hope all are trading well and managing risk like professionals.

Today's "irrational exuberance" has fueled EURO momentum. For me, a quasi short scalp opportunity. Back filled some shorts just above the half number with a 7 pip SL (yea, scary stuff). Potential RR at 5:1 so we are happy to take up arms here. Could be a short battle or a glorious victory.

My range on 5MIN/1MIN heading into Frankfurt is 1346 to 1354 and is used as a guide to observe price action and to help with trade management should price break below 1346.

Safe trading all.

EURO 5MIN

Attached Image (click to enlarge)

Bullish 4H, need close below 1337

I'm expecting this to accumulate in the box until fomc

Hi all,

Newbie here. Am watching the EURUSD on the 5mins timeframe expecting a breakout towards the upside.

Will be taking it on the 1min timeframe after the breakout occurs.

Have fun y'all

We are on our way my friend



Edit Up Dated

Price drifting lower and tracking nicely with our model. Added a bit more short @ 1344, keeping stops about 10 pips away as we move down. Ironically the 4H closed @ 1337. A successful trade with some serious freeroll+ potential.

Maybe Frank/London gearing up for next bull wave? Or maybe a surprise in store for us

Updated 5MIN

Attached Image (click to enlarge)

M5

Good Morning,

there are my M5-Charts
for today's Trading.

All the Best
vvm

Yesterday i kept a pending sell @1.1355. I was expecting a pullback up to 1.1335. I'm watching this space between 1.1333 - 1.1323. If the bear candle closes below this especially in 4hr, i think, the bear trend is going to continue up to 1.1294. For bulls to continue i'm hoping for a lower low around 1.1294 on 1hr.

Yesterday market went to the low of 1.1275 and it fooled the buyers by pulling up 5 pips earlier, and so, it didnt hit those pending orders below of 1.1270. For this uptrend to continue, i think, it would form a lower low on 1.1294 space.

Lets see

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