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EURUSD

  • #1,151,241
  • Mar 9, 2019 11:04pm Mar 9, 2019 11:04pm
Sell for me
  • #1,151,242
  • Edited 5:54am Mar 10, 2019 5:42am | Edited 5:54am
Quoting Techanalyst
{quote} Indicators get the data from the charts. Not the other way around. I have been trading naked charts candlesticks, for years and it works great. When i use to use indicators, a lot of times i would miss the buy/sell entry. Indicators are useless and that has been proven. No need for indicators unless you are beginner. You may use indicators if you are long term investor, but you can do all of that on naked charts candlesticks. Watching the candlesticks and price action is the best way to trade. That has been proven. Market makers, institutional...
Techanalyst Thanks for reply,plz consider it only for learning and not otherwise.Brother why I would enter where you mentioned.It is my exit point,day is going to close and you supposed me to take entry for sell,no not at all.I could not make you understand my set up for entry/exit.It is also a point of concern that where from to enter and where from to exit.Here is my set up;
1- Divergence
2-Cross of MAs+MACD 26 52 9
Further,graph is self explanatory.Stop is 37 pips under the low where divergence took birth or completion of my set up which ever is earlier.
I do not believe any MARKET MAKER, yes there is PRICE MOVER.Who is price mover,forget and pay attention to technical.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 94 KB

Why are you entering from 3 and not from 1,2 or 4 # points.
#5 is MACD CROSS and #6 is MAs CROSS while divergence has already created before.
  • #1,151,243
  • Mar 10, 2019 5:56am Mar 10, 2019 5:56am
For me i definitely want to be short euro. ECB really turned the screw slashing their growth forecast for inflation and GDP. short 1.1250-1.1260 with an add at 1.13-1.1320 stop 1.134
  • #1,151,244
  • Edited 7:50am Mar 10, 2019 7:38am | Edited 7:50am
Quoting AbbasRizvi
{quote} Techanalyst Thanks for reply,plz consider it only for learning and not otherwise.Brother why I would enter where you mentioned.It is my exit point,day is going to close and you supposed me to take entry for sell,no not at all.I could not make you understand my set up for entry/exit.It is also a point of concern that where from to enter and where from to exit.Here is my set up; 1- Divergence 2-Cross of MAs+MACD 26 52 9 Further,graph is self explanatory.Stop is 37 pips under the low where divergence took birth or completion of my set up which...
The reason I said you would sell where i said you would according to your strategy, because it crossed two MA's. Why else would you have it on the charts if that is not where you enter? Otherwise you do not need them. By the time two MAs cross, the RSI shows bullish/bearish same for MACD the move has already happened. If you are entering after, you are risking to get stopped out or price not going the way where you think it will go. Take a look at the chart same USOilM15 one with indicators and one with naked candlestick charts. Looking at where you would buy and where i would buy "I already made 46.5 pips. You are just entering, risking a lot more. The point is to buy at a cheaper price too so you can make much more money. Even looking at this chart picture, in reality those indicators are lagging and you would already be late in entering and risking much more at a higher price. Indicator are useless. No need for them.

Take a look at USOil daily chart too, i would be entering third successful buy position, while you or other traders would be entering sell according to MA strategies. Building up for a failure. Also looking at those indicators on Daily chart like RSI and MACD, they are lagging. While the candlesticks move up 100 pips or more than you will see macd and rsi showing the bull sign but already lagging behind a lot. Trade safe.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USOilDaily.png Size: 79 KB
  • #1,151,245
  • Mar 10, 2019 7:46am Mar 10, 2019 7:46am
Quoting Techanalyst
{quote} The reason I said you would sell where i said you would according to your strategy, because it crossed two MA's. Why else would you have it on the charts if that is not where you enter? Otherwise you do not need them. By the time Two Mas cross, the RSI shows bullish/bearish same for MACD the move has already happened. If you are entering after, you are risking to get stopped out or price not going the way where you think it will go. Take a look at the chart same USOilM15 one with indicator and one with naked candlestick charts. Looking at...
I don't understand the reason for you to buy at the lowest point ? There is no breakout of anything that can signal for it . There is no break even of the last big berrish candle.
It looks like a gamble more then good strategy.
Atleast with indicator you see a change in the mumentom.
There is no strategy that can catch the absolute turning points.
yes yes yes
  • #1,151,246
  • Mar 10, 2019 8:26am Mar 10, 2019 8:26am
Quoting Moty
{quote} I don't understand the reason for you to buy at the lowest point ? There is no breakout of anything that can signal for it . There is no break even of the last big berrish candle. It looks like a gamble more then good strategy. Atleast with indicator you see a change in the mumentom. There is no strategy that can catch the absolute turning points.
I would not buy at the "lowest point". You confirm it on lower time frame like one hour chart. There is no low or high in forex. That is for beginners traders. I would not expect you to understand, i have 10 years of trading experience and i understand it. One day you will understand. But you keep relying on indicators, and you will not get far in trading. Indicators do not work. They are lagging.

I do not gamble, if I want it to do that i would go to casino, im not a gambler, im a trader. It is a very good strategy, you have to know the sentiment and where majority retail traders are buying you sell, where they sell you buy. It takes experience to trade like that. I have shared my charts here, and turned out to made profit according to the strategy. Which is watching price action looking at the candlesticks charts, and sentiment of the market. For weeks i have shared my charts here, proving that the EURUSD is going down, while you and 90% of the traders were buying and turned out to be wrong and the market went against you. It is not specifically my strategy, it is how market makers and institutional traders trade. They make money on traders like you who use indicators, and lose money a lot. I mean let's go back and take a look at your charts and entries. You have been wrong many,many,many times. You have lost a lot of money and still losing. But eventually you will get it one day and start trading like a professional trader. Take a look at the one hour chart on USOil from daily down to one hour chart where you confirm entries. Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: USOilH1.png Size: 47 KB
  • #1,151,247
  • Edited 9:26am Mar 10, 2019 9:15am | Edited 9:26am
all ok as before still one last recheck before it open , continue to bear having limit max 1418 previous high / better say 1284 limit last leg down and fail only then 1.1060 target , hope not though.last correction from a good support but unfortunately below previous low 1215 & so may be enough for now over 1228 already & next may try for 1268 though if can have healthy scammer to spike up to from retest now bottom .

No considering any news effects as many big perhaps there this week & they can be all negative to catch any up, just using seat belt as per the chart.no bother any or look to!!
take care , fontu
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 39 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,151,248
  • Mar 10, 2019 12:31pm Mar 10, 2019 12:31pm
Quoting Moty
{quote} I don't understand the reason for you to buy at the lowest point ? There is no breakout of anything that can signal for it . There is no break even of the last big berrish candle. It looks like a gamble more then good strategy. Atleast with indicator you see a change in the mumentom. There is no strategy that can catch the absolute turning points.

Just follow your template, price below of MA's, just search points for to sell, not try to buy. If you want buy, wait the price cross the MA's, so you can start to search points for to buy.
Together we can be strongest
Vantage Return This Month: na
  • #1,151,249
  • Mar 10, 2019 2:17pm Mar 10, 2019 2:17pm
Both going the same direction, only one to survive.
May gap up open price.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,151,250
  • Mar 10, 2019 2:30pm Mar 10, 2019 2:30pm
Bloomberg shows previous close 1.1193 and open today at 1.12380 lol
  • #1,151,251
  • Mar 10, 2019 3:37pm Mar 10, 2019 3:37pm
Quoting Techanalyst
{quote} You confirm it on lower time frame like one hour chart. Trade safe. {image}
Hi tech...
Do you consider the accumulation zone as a whole as trigger or do you look for a trigger within the zone?
Thnx!
in wondering about yourself, you forgot what you came here to be part of
  • #1,151,252
  • Mar 10, 2019 4:15pm Mar 10, 2019 4:15pm
As price stay below Moving Averages I expect more selling in Euro next week. Zone 1.2630-1.12690 is the place where I expect a rejection. In this zone we have nice point of confluence with broken support, fibo 61.8 and weekly mid pivot. My first TP is 1.11750 where is low from Thursday and monthly pivot M1. If this area will be broken I aspect price to drop to 1.1110 (monthly S1 and support from D1) with extantion to green zone 1.1101-1.1058. In long term if support 1.11125 will be broken I will not be surprised if we close the Gap from April 2017.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd-d1-admiral-markets.png Size: 102 KB
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  • #1,151,253
  • Mar 10, 2019 4:33pm Mar 10, 2019 4:33pm
Here's my take on the EURUSD market from a technical perspective.

The EURUSD market continues to dispose negatively but with reduced momentum. On the weekly time frame, price action is respecting a descending trendline (blue) traceable to April 2018. The order flow context shows bears printing more significant candlesticks in relation to bulls. On the daily time frame, price action is operating within a descending triangle (magenta). It breached the triangle southwards last week Thursday but bulls made a failed attempt to return it to within the triangle on Friday. Looking left, it is apparent that this was the third time price action attempted to breakdown the triangle. A successful breakdown of the triangle, perhaps later this week, is likely to result in a bearish momentum.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Mar._10,_2019_W1.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Mar._10,_2019_D1.png Size: 53 KB
Do your homework, follow the footprints of smart money
  • #1,151,254
  • Mar 10, 2019 4:52pm Mar 10, 2019 4:52pm
I don't use trendlines... pure evil when it come to trading.
The only system that will work is one designed by and for yourself.
  • #1,151,255
  • Edited 6:14pm Mar 10, 2019 6:00pm | Edited 6:14pm
Quoting knkie
{quote} Hi tech... Do you consider the accumulation zone as a whole as trigger or do you look for a trigger within the zone? Thnx!
You can do both, it just depends how it is accumulating. But usually the trigger is within the zone. You can spot small accumulations and you can use that to buy/sell.
Take a look at the chart EURUSD daily i will attach. Of course it is easier to look at history charts and show. But this gives you what to look for when you decide to buy or sell. It comes within experience working on charts for hours. So when you trade, you will start noticing these accumulations and will give you an idea where to buy/sell, plus you will start noticing where retail traders are buying you sell, where they sell you buy. You will get better at it with experience. No indicators needed they all lag big time. Indicators are useless. Also remember the point is to buy/sell at a best price as you can. Meaning when you enter the position at a certain price, the risk/reward will be worth it, you enter where the price starts turning either bullish or bearish, that way you buy/sell for cheaper, let the profit run and take it as soon as you see any small accumulations or reversals. If it turns out for example you buy, it goes way up, starts accumulating take the profit, starts going down but accumulates it's a fake down move, starts going further up, you catch the move buy again. Same goes on a sell side. Trade safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 53 KB
Click to Enlarge Name: EURUSDDaily(3).png Size: 51 KB
Click to Enlarge Name: EURUSDH1.png Size: 23 KB
  • #1,151,256
  • Mar 10, 2019 6:17pm Mar 10, 2019 6:17pm
Quoting Techanalyst
{quote} You can do both, it just depends how it is accumulating. But usually the trigger is within the zone. You can spot small accumulations and you can use that to buy/sell. Take a look at the chart EURUSD daily i will attach. Of course it is easier to look at history charts and show. But this gives you what to look for when you decide to buy or sell. It comes within experience working on charts for hours. So when you trade, you will start noticing these accumulations and will give you an idea where to buy/sell, plus you will start noticing where...
thanx for taking time to make the explanatory charts tech !
I understand it better now.....
you have alot of experience spotting the way accumulation will go...

in your example there is a earlier small accumulation ....i marked it in red
would you have taken that or how would you know price would fall further first?
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #1,151,257
  • Mar 10, 2019 6:33pm Mar 10, 2019 6:33pm
long open, short close
  • #1,151,258
  • Mar 10, 2019 6:39pm Mar 10, 2019 6:39pm
Hello fellow traders,

Sell limit, hopefully price reaches there.

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 28 KB


Find the first pullback, mark the support and resistance, enter in confluence with Fibonacci levels, leave the rest to Mr Market.
"The markets can remain irrational longer than you can remain solv
  • #1,151,259
  • Mar 10, 2019 8:14pm Mar 10, 2019 8:14pm
Hoy analysts,

for me it's quite obviously bearish trend from June. Selling going this years.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-admiral-markets-as-5.png Size: 38 KB
  • #1,151,260
  • Mar 10, 2019 11:51pm Mar 10, 2019 11:51pm
h1+h1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur usd h1.png Size: 32 KB
Click to Enlarge Name: eur usd 15M.png Size: 23 KB
yes yes yes
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