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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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  • #1,152,861
  • Edited 1:28pm Mar 29, 2019 1:08pm | Edited 1:28pm
Quoting darksize
{quote} Will remember that, if you are correct, i will salute you
no need for saluting... I'd rather prefer cash...
  • #1,152,862
  • Edited 9:34pm Mar 29, 2019 2:02pm | Edited 9:34pm
Anyway space there down to play till eu ready take offthe ground or usdx tank to the ground and underground. I am looking only sky for eurusd if can down further or not at all!
Price can not go unlimited bear and waiting many years the bear trend since 2005. Time for great reversal matured just need action. Next week can be decision making, get the 1300 handle only, not far away, next 1446 breaks as confirmation to start wave great c /impulse 3 up.
Usdx now lost ground most likely after having a great double top, trying get it but very tough now. It already in great megaphone pattern in its last swing up to great bear, over 61.8 fibs, weakness at the hight of momentum very possible, last weeks showing unnessarily, tanking for apparently nothing!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,152,863
  • Mar 29, 2019 2:18pm Mar 29, 2019 2:18pm
Okay, so did not go as I expected. Started fine, continued excellent , ended Undecided.
need to wait for additional confirmation

eu d1+h1
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dx d1+h1
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yes yes yes
  • #1,152,864
  • Edited 7:45pm Mar 29, 2019 6:31pm | Edited 7:45pm
Watch out bear trend, but bull possible
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Be a spectator, not a player
  • #1,152,865
  • Mar 29, 2019 10:38pm Mar 29, 2019 10:38pm
Quoting fontu
Anyway space there down to play till eu ready take offthe ground or usdx tank to the ground and underground. I am looking only sky for eurusd if can down further or not at all! Price can not go unlimited bear and waiting many years the bear trend since 2005. Time for great reversal matured just need action. Next week can be decision making, get the 1300 handle only, not far away, next 1446 breaks as confirmation to start wave great c /impulse 3 up. Usdx now lost ground most likely after having a great double top, trying get it but very tough now....
those pics of yours don't mean anything to me because of the following reasons:
1. I have my own charts;
2. you're trying to predict the change in the medium-tern trend without any serious reversal signal, which has to be formed on the charts in advance;
3. the only line that makes some sense is the descending resistance roughly outlining the upper border of a descending channel and currently located.at around 1.2250 level... I agree that it has technical significance, should attract the market in the longer-term and will be broken one day... but not immediately as all the other necessary factors for such a move are missing at the moment...
4. other than that I disagree with your style of drawing lines, supports and resistances...the market is quite a precise thing... every pip can make a difference on the picture,,, but your drawing style is too vague to take it seriously... the wedge you're trying to outline is not a wedge at all... supports and resistances with many breaks already occurred in both direction through that lines are meaningless... it's a mess with no clear idea and serious technical reasoning...
  • #1,152,866
  • Mar 29, 2019 11:05pm Mar 29, 2019 11:05pm
weekly looks crapish at best, 1.12 is a level that I had been marking as key support, don't know if its got any gas left....
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Look Sharp/Trade Tight
  • #1,152,867
  • Mar 29, 2019 11:17pm Mar 29, 2019 11:17pm
Quoting PayTheLimit
weekly looks crapish at best, 1.12 is a level that I had been marking as key support, don't know if its got any gas left.... {image}
the drop should accelerate on the break below... likely to revisit 1.04 in less than a month...
  • #1,152,868
  • Mar 29, 2019 11:50pm Mar 29, 2019 11:50pm
Quoting Igrok
{quote} the drop should accelerate on the break below... likely to revisit 1.04 in less than a month...
Ok, thats a bit out already isnt it ? in less than a month ? U see such a big accumulation there ? U are forgetting one important price level, 1.11. IF there is such an accumulation, i would expect this zone to hold at least some 14 days. Another even more important zone, which i dont believe would not make any reaction is 1.08. actually. if the breakout really happens as you are saying i would expect longer term reversal on 1.08.
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  • #1,152,869
  • Edited Mar 30, 2019 12:16am Mar 29, 2019 11:57pm | Edited Mar 30, 2019 12:16am
Quoting darksize
{quote} Ok, thats a bit out already isnt it ? in less than a month ? U see such a big accumulation there ? U are forgetting one important price level, 1.11. IF there is such an accumulation, i would expect this zone to hold at least some 14 days. Another even more important zone, which i dont believe would not make any reaction is 1.08. actually. if the breakout really happens as you are saying i would expect longer term reversal on 1.08.
in case it is really a dual-diagonal diamond on USDX then it should be almost symmetrical in terms of ranges and timing... it's already running out of time normally allowed to complete such a formation's second main diagonal...
drop to 1.08 only is not enough to cover the gap... but the market has absolute memory and never forgets "paying back" it's technical "debts'... gaps included...
  • #1,152,870
  • Edited 3:03am Mar 30, 2019 1:49am | Edited 3:03am
Quoting Igrok
{quote} those pics of yours don't mean anything to me because of the following reasons: 1. I have my own charts; 2. you're trying to predict the change in the medium-tern trend without any serious reversal signal, which has to be formed on the charts in advance; 3. the only line that makes some sense is the descending resistance roughly outlining the upper border of a descending channel and currently located.at around 1.2250 level... I agree that it has technical significance, should attract the market in the longer-term and will be broken one day......
Ok take your own chart, analysis & style. It is my style, as in higher tf levels and long term all are rough, yes signal for great reversal attempt since 7/2017 you may not agree as is not your style. Since then last of the last down running, yes still if may tank some 200 pips as roughly does not change consequences. Last attempt reversal when price broken up 1418 recently and likely rejected at good resistance 1447, ok and still the bull setup avtive till swing low 1176 not broken yet. That is why do bear or not at all applied! Yes the projection level still at lows 1.06/3 levels on the chart. Lets see what happen next. An attempt does not mean a success but certainly there are market intentions. So 1.1200 or any down actually not bear play for me and my style , will look for bull and test bull at any level for medium term start and no risky scalping here to go for shorts as shorts closed before and no new to keep. . Can have at times test only.
Take care my friend, carry out good job.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,152,871
  • Mar 30, 2019 1:51am Mar 30, 2019 1:51am
Quoting Igrok
{quote} in case it is really a dual-diagonal diamond on USDX then it should be almost symmetrical in terms of ranges and timing... it's already running out of time normally allowed to complete such a formation's second main diagonal... drop to 1.08 only is not enough to cover the gap... but the market has absolute memory and never forgets "paying back" it's technical "debts'... gaps included...
Not sure the gaps really works the way its propagated, at least not always, gaps are just big orders we can see also on normal working hours as big candles (without visible gap) and the market sometimes fills them, sometimes dont. The difference between the gaps that are visible, is that they are made during out of business hours, or because of lags if the order is "too big".

I also dont get, how can you predict dual-diagonal diamond if the diamond has not yet been formed, its like you predict second shoulder to HNS pattern when the head is not yet finished.
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  • #1,152,872
  • Edited 3:19am Mar 30, 2019 2:19am | Edited 3:19am
Quoting darksize
{quote} Not sure the gaps really works the way its propagated, at least not always, gaps are just big orders we can see also on normal working hours as big candles (without visible gap) and the market sometimes fills them, sometimes dont. The difference between the gaps that are visible, is that they are made during out of business hours, or because of lags if the order is "too big". I also dont get, how can you predict dual-diagonal diamond if the diamond has not yet been formed, its like you predict second shoulder to HNS pattern when the head...
in Forex gaps made on weekly charts work pretty good... sometimes it might take years for filling them up eventually but the market never forgets to come back and to make the job done... like I said before, it has absolute memory... market never forgets about two things: gaps and flat surfaces... not a single time in my memory and over the course of my 26-year trading career there was a failure in that instance...
a dual-diagonal diamond can be projected in advance long before it gets fully formed, because it always starts with a broadening triangle, which is already in place as everyone can see now... such a triangle, in case it doesn't turn into a diamond later on, can only become a continuation pattern by itself, which is going to be the worst possible surprise and a nightmare for the USD bears ... usdx is now attacking its last significant Fibo level for the fourth time already...therefore the break higher is imminent and the market has to cover the entire trend that started back in 2017...
I feel myself pretty comfortable and confident in regards to my market projections only for as long as the overwhelming majority of other traders disagree with me... universal approval makes me to reconsider...on the other hand, total rejection of my views and ideas usually is the strongest sign of me being in fact on the right track... time will show...
H&S formation doesn't exist... it's a myth... a very popular urban legend...
  • #1,152,873
  • Edited 2:36am Mar 30, 2019 2:21am | Edited 2:36am
D1
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why it was a mistake to take long at 1.12400?
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yes yes yes
  • #1,152,874
  • Mar 30, 2019 2:55am Mar 30, 2019 2:55am
Quoting Moty
D1{image} why it was a mistake to take long at 1.12400?{image}{image}
Elliot waves simply cannot be counted the way you did it... such an enumeration as you depict here is against the basic principles of his theory...
  • #1,152,875
  • Mar 30, 2019 3:21am Mar 30, 2019 3:21am
Quoting Igrok
{quote} in Forex gaps made on weekly charts work pretty good... sometimes it might take years for filling them up eventually but the market never forgets to come back and to make the job done... like I said before, it has absolute memory... market never forgets about two things: gaps and flat surfaces... not a single time in my memory and over the course my 26-year trading career there was a failure in that instance... a dual-diagonal diamond can be projected in advance long before it gets fully formed, because it always starts with a broadening...
Thanks for clarification. I dont say it wont happen, i just did not get how can you be so sure, anyway, i still expect some pullback before any continuation bellow 1.11, so i stay bullish for now seeing it for next 14 days up to 1 month. Will buy all the way down to 1.11 and go big on 1.11. You see, my predictions are up to 1 week to 1 month, cannot see further.
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  • #1,152,876
  • Mar 30, 2019 3:33am Mar 30, 2019 3:33am
Quoting darksize
{quote} Thanks for clarification. I dont say it wont happen, i just did not get how can you be so sure, anyway, i still expect some pullback before any continuation bellow 1.11, so i stay bullish for now seeing it for next 14 days up to 1 month. Will buy all the way down to 1.11 and go big on 1.11. You see, my predictions are up to 1 week to 1 month, cannot see further.
eur/usd is the secondary thing at the moment... the real technical king now is usdx... it provides all the necessary clues for the eur/usd too...
  • #1,152,877
  • Edited 4:05am Mar 30, 2019 3:36am | Edited 4:05am
Quoting Igrok
{quote} eur/usd is the secondary thing at the moment... the real technical king now is usdx... it provides all the necessary clues for the eur/usd too...
Do you check eurx as well ? its on interesting zone for buy, may not be strong, but could do the thing, Also EG looks wanna go UP which likely means the Eur will go up strongly.

Also as you say, its the usdx may be the king, but as you sure know, the main currency thats compared against USD is EUR on usdx, its around 60% of usdx pool, rest is CAD,GBP,JPY and CHF, which uses the rest of the pool, thats then 40%. So if the usdx will rise, likely will eur go down and so on.

Found the exact calculation to share to the thread:

  1. Euro (EUR), 57.6% weight
  2. Japanese yen (JPY) 13.6% weight
  3. Pound sterling (GBP), 11.9% weight
  4. Canadian dollar (CAD), 9.1% weight
  5. Swedish krona (SEK), 4.2% weight
  6. Swiss franc (CHF) 3.6% weight

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  • #1,152,878
  • Mar 30, 2019 3:37am Mar 30, 2019 3:37am
Possible this expanding triangle turn into a diamond as swing are same , swing low got, swing already or may to get ( no think though) but nothing so short cut and there are ranges for more than a year still to play. Diamond and expanding triangles are extremely bearish.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,152,879
  • Mar 30, 2019 3:41am Mar 30, 2019 3:41am
blank
Be a spectator, not a player
  • #1,152,880
  • Mar 30, 2019 3:41am Mar 30, 2019 3:41am
Quoting Moty
D1{image} why it was a mistake to take long at 1.12400?{image}{image}
The fractal of left wave 4 & 5 is quite reluctantly， and the direction is 5 months later...
You knew the result before the lines
Be a spectator, not a player
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