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EURUSD only

  • #86,381
  • May 17, 2019 6:46pm May 17, 2019 6:46pm
I hope stay green and nice week
  • #86,382
  • May 18, 2019 12:15am May 18, 2019 12:15am
Quoting RegisMexes
One more time.... GO BEARS GET YOUR 1.1150!!! Will check back in about 15 minutes time.. {image}
She's my kind of bear
  • #86,383
  • May 18, 2019 1:15am May 18, 2019 1:15am
EU definitely beers for now.
TMT Scalping System (Best system on FF)
  • #86,384
  • May 18, 2019 3:54am May 18, 2019 3:54am
Quoting Pollen
EU definitely beers for now.
Someone said beers?

Quoting Hutch
{quote} She's my kind of bear
Definitely mine too...

So...EUR/USD failed to get 1.1150...but price action suggests that bears still can grind a little lower...perhaps we push just a little lower (1.113x region maximum) before we pullback? Just some thoughts..
If you want in on my experimental EA, PM me.
  • #86,385
  • May 18, 2019 5:10am May 18, 2019 5:10am
Quoting skillz16
Ha, time for the algos to read "China"... "Sell".. and "US Treasuries".. and cause a flash-crash US Rate spike up, and EUR/USD plummet. {image}
Yep algos will be very hard at work. I know alot of hedgefunds are short s&p waiting for a crash.

The only thing hedgefunds are winning on is these tesla shorts.
  • #86,386
  • May 18, 2019 5:10am May 18, 2019 5:10am
Quoting RegisMexes
{quote} Someone said beers? {quote} Definitely mine too... So...EUR/USD failed to get 1.1150...but price action suggests that bears still can grind a little lower...perhaps we push just a little lower (1.113x region maximum) before we pullback? Just some thoughts..

Beers for Bears

Good weekend mate
TMT Scalping System (Best system on FF)
  • #86,387
  • May 18, 2019 7:12am May 18, 2019 7:12am
Quoting pridolfx
{quote} it looks like big move up is prepairing..hmm.

Yeah wait n see..
Beat the enemy plan before its made
  • #86,388
  • May 18, 2019 7:15am May 18, 2019 7:15am
Quoting Ata-Turkoglu
{quote} Lol.. manipulation or no manipulation.. what stops you from closing your short and open a long order? Stay Green

Cause i love to trade based on price liquidity, price action,and price reaction..i trade what i see not what i think will happen.
Beat the enemy plan before its made
  • #86,389
  • May 18, 2019 8:11am May 18, 2019 8:11am
Quoting ehsanji
why has euro been going down against the USD for the past 5 days? There has been no negative news of that sort in Europe... then why??
Too many buyers. MM's have to bring price down to reduce that number. They can not let too many traders to win.
  • #86,390
  • May 18, 2019 8:27am May 18, 2019 8:27am
Daily S/R Levels for Monday

New week will be interesting. Here are the things I see:

  1. New candle will open outside of the steep blue trendline. Meaning:

    1. Bulls will probably try retesting previous highs and breakout level: 1.1185/95 area.
    2. Bears will face supportive priceaction while trying to drop back below this trendline. And what is interesting here is that this touch point overlaps with fib 78.6. That could provide extra strength to this barrier causing a bounce up.

  2. Overall we are inside a steep descending channel (dotted black lines on chart) that has just achieved a breakout from the triangle (dashed lines).
  3. Since candles are also below 1.1198 (in other words below my WMA 17 line), bears have the upper hand. Therefore market is definitely in a bearish trend since then. What is left for bears is to break through this fib 78.6 level. If they delay this break bulls will definitely try to achieve a close above my WMA 17 line. Time will tell..

Long story short: On Monday all eyes on 1.1142 area.. (give or take +10 pips because it is the daily chart)

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: Daily.png Size: 28 KB
Focus only on what truly matters!
  • #86,391
  • May 18, 2019 8:49am May 18, 2019 8:49am
Quoting ehsanji
why has euro been going down against the USD for the past 5 days? There has been no negative news of that sort in Europe... then why??
Hi ehsanji,

I have spent many wasted years following news with blown accounts. The problem is that when fundamental news kicks in you expect it to go in your direction. It usually doesn't and if it does it is in the direction of the current cycle. In the past I got so confused that I was too scared to open trades and by the time I did get into a trade it reversed. I felt like a total loser. Until I discovered that trading is cyclic. In the earlier days Eu used to move massively in one direction. It simply is not the case anymore. If you discover you edge whether scalping, medium or long term trading stick to it. Don't worry about news. NFP, nowadays is a joke. Price will move up 50 pips or so and return back to where it started, a far cry from years ago where you could expect 100 + pip movements. To sum up, the market does move in cycles and the quicker anyone realizes that, the better for them.
Cheers
Trade to trade another day
  • #86,392
  • May 18, 2019 2:22pm May 18, 2019 2:22pm
Quoting Wavegarrick
{quote} Hi ehsanji, I have spent many wasted years following news with blown accounts. The problem is that when fundamental news kicks in you expect it to go in your direction. It usually doesn't and if it does it is in the direction of the current cycle. In the past I got so confused that I was too scared to open trades and by the time I did get into a trade it reversed. I felt like a total loser. Until I discovered that trading is cyclic. In the earlier days Eu used to move massively in one direction. It simply is not the case anymore. If you...
Thanks for the kind words. While reading you, it sounded more like one of those YouTube comments in which they advertise some guy or software in the end but you were a real person telling your experience. Do you have support and resistance lines for META TRADER 4?
  • #86,393
  • May 18, 2019 6:35pm May 18, 2019 6:35pm
DX buy dips!
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 72 KB
Don't believe me just watch!
  • #86,394
  • May 18, 2019 9:25pm May 18, 2019 9:25pm
Quoting ehsanji
why has euro been going down against the USD for the past 5 days? There has been no negative news of that sort in Europe... then why??
here are some possible negative news
1. people realize that tariff man's next target will be europe, even though he delays it so not to open multiple fronts
2. european election and populist / euro skeptics could be winning
3. brexit stalemate between labor and tory, even though it's UK internal politics, dragging down euro as well
4. italians are making noise again, seeking to break eu fiscal rule
5. overall unimpressive macro data
  • #86,395
  • May 19, 2019 1:28am May 19, 2019 1:28am
I'm ready to dive back in this upcoming week! Been sitting back relaxing. Good reading and stay green!
  • #86,396
  • May 19, 2019 1:44am May 19, 2019 1:44am
Quoting Tenfold410
I'm ready to dive back in this upcoming week! Been sitting back relaxing. Good reading and stay green!
In China it would be "stay red". On TV and in newspapers a red arrow means that an instrument has gone up and a green arrow means that the instrument has gone down. Chinese people sure loves the color red
  • #86,397
  • May 19, 2019 1:48am May 19, 2019 1:48am
Quoting ehsanji
{quote} Thanks for the kind words. While reading you, it sounded more like one of those YouTube comments in which they advertise some guy or software in the end but you were a real person telling your experience. Do you have support and resistance lines for META TRADER 4?
Reading back my comment, it does sound like an advertisement. But yeah, I am a real trader from the school of hard knocks.

I use daily/weekly/monthly pivot support/resistance lines to gauge my entries, similar to the guys in Davit's pivot thread, but I use daily stochastics with overlaying Ma's to confirm my entry. A very simple short to medium term strategy. Search for "Wyatt's pivot" on forex factory. A very good pivot indicator or if you like you can use the pivot indicator from Davit's pivot thread. All are for MT4.

Cheers.
Trade to trade another day
  • #86,398
  • May 19, 2019 4:20am May 19, 2019 4:20am
Quoting baldmonk
{quote} here are some possible negative news 1. people realize that tariff man's next target will be europe, even though he delays it so not to open multiple fronts 2. european election and populist / euro skeptics could be winning 3. brexit stalemate between labor and tory, even though it's UK internal politics, dragging down euro as well 4. italians are making noise again, seeking to break eu fiscal rule 5. overall unimpressive macro data
What a great analysis you have there. So do you think Monday is a reversal day for Euro or is it going to keep biting the dust for another week or 2 days at least? I am more of a person who takes advantage of reversal, not the trend.
  • #86,399
  • May 19, 2019 5:37am May 19, 2019 5:37am
Quoting ehsanji
why has euro been going down against the USD for the past 5 days? There has been no negative news of that sort in Europe... then why??
Hi Ehsanji, BRO it is all technical game and as I could understand without indicators help it is gambling. I, after spending many years, selected moving averages,bollinger bands,relative strength index and moving average convergence divergence being very helpful and near to 100% accuracy.Divergence has a very pivotal role but only divergence is not enough to trade unless followed by cross of 5EMA+cross of MACD 24 52 9 which you will see in H4 graph under to get answer of your question.Attachment gAttachment g
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 43 KB
Click to Enlarge Name: EURUSDM15.png Size: 53 KB
  • #86,400
  • May 19, 2019 6:30am May 19, 2019 6:30am
Quoting AbbasRizvi
{quote} Hi Ehsanji, BRO it is all technical game and as I could understand without indicators help it is gambling. I, after spending many years, selected moving averages,bollinger bands,relative strength index and moving average convergence divergence being very helpful and near to 100% accuracy.Divergence has a very pivotal role but only divergence is not enough to trade unless followed by cross of 5EMA+cross of MACD 24 52 9 which you will see in H4 graph under to get answer of your question.33402603340262 {image} {image}
Could you please tell us why you are using 2 RSIs?
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