EURUSD only

Quoting LCForex

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{quote} Good Morning!!! The top 1.1358 is very important I have 2 meanings for that: 1. Still we are in a correction and we have to visit 1.1315 - 1.1290 and then continue higher. 2. The downtredn continuation began! {image} You could see some pairs: CHF bounced generating a new trenline, so at least I like to see a pullback before continue lower or just higher. {image} NOK respect the trenline, so at least I like to see a pullback before continue lower or just higher. {image} So in short term a prefer play in favor of the USD.

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Quoting bigiivan

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{quote} M67? What TF is that?

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Quoting Hutch

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{quote} For pairs with big ATR it's best to trade 10 pips Renko. For pairs with small ATR like EURUSD (today's ATR of only 40 pips) it's best to trade 2 pips Renko. The M67 chart is a 2 pips Renko chart. I'm actually making 20 pips now but this is huge given that it's half today's ATR. Hopefully the EURUSD will keep going down.

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Quoting Mitiblotch

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{quote} The only hope for sells now is that this area 1.1355-7 is the top of the falling daily channel. Added a sell here. Stops at same place. Still watching price.

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Quoting Ata-Turkoglu

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{quote} Often we can call the EURUSD: "Jaggernaut", because once it starts running it doesn't know how to stop or retrace for a looooong time. Let's hope it does the same today with this bearish drop. Stay Green

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Quoting Mitiblotch

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I'm short from 1.1344 with SL at 1.1370. TP open. My idea for this trade is a combination of things: 1. Today being Monday might be a range day. 2. There is a shed load of resistance lining this area. 3. London opened at the top and I expected a few pips rise before a check of the bottom. Let's see how it goes. I wish everyone a happy, blue pip-filled week.

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Quoting Mitiblotch

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{quote} The only hope for sells now is that this area 1.1355-7 is the top of the falling daily channel. Added a sell here. Stops at same place. Still watching price.

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Quoting coolmakina

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{quote} hi, allow me to add something, when you're in a long position you're never wrong if price keeps going higher on lower volume. cheers,

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Quoting sqaguru

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{quote} It might have a retracement up, once it hits the daily PP (1.1322)

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Quoting mirko2017

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{quote} Hello Hutch . How big are the renko bricks and what kind of indicator is that with the blue and red arrows? I have StepMA_v7.2, but it doesn't have arrows. {file} Can you share your indicator, please?

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Quoting Hutch

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{quote} Please see post # 81,574 for the explanation on how I use Renko. Attached is the indicator. Great indicator but repaints and gives bad signals in ranging market. {image} {file}

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Quoting mirko2017

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{quote} Thank you Hutch. Yes , I so already the post # 81,574 . I also use 2 pips Renko bricks . If you have the mq4 version of your "HalfTrend MTF with channels alerts" file, it would be better for me. Probably I can try to make an EA based on it. Of course if it repaints in range I can try with stop orders 2 pips high or low from the last 2 pip brick when the arrow appears. {image} I made already one EA based on renko and hedging algorithm , and it work well, but when the market goes in range with more than 10 iterations , it dies. If I could...

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Quoting Pipfu

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{quote} Try this: Double top / bottom = going into range

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Quoting mirko2017

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{quote} Thank you Hutch. Yes , I so already the post # 81,574 . I also use 2 pips Renko bricks . If you have the mq4 version of your "HalfTrend MTF with channels alerts" file, it would be better for me. Probably I can try to make an EA based on it. Of course if it repaints in range I can try with stop orders 2 pips high or low from the last 2 pip brick when the arrow appears. {image} I made already one EA based on renko and hedging algorithm , and it work well, but when the market goes in range with more than 10 iterations , it dies. If I could...

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Quoting Hutch

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{quote} I got the indi from one of my friend. I will ask him if he has the source file and if he does I will send it to you.

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