Attachments: EURUSD only

EURUSD only

#86,401
May 19, 2019 7:01am May 19, 2019 7:01am

AbbasRizvi
| Joined Nov 2018 | Status: Trader | 553 Posts

Quoting Hutch

Disliked

{quote} Could you please tell us why you are using 2 RSIs?

Ignored

Hi Hutch,RSI 5,red, only for identify Divergence and default RSI 14 to observe over bought and over sold mkt. One thing I missed to mentioned in my previous post,EMA5 (black line) cross middle bollinger. If 5EMA cross and MACD cross is at the same time or with the gap of only one candle it is best.Further,DAY graph, 4Hour and 15 Minute should be viewed simultaneously for best results.I request you to please check history maximum only one month and check the correlation of Divergence and crosses as mentioned and this template is good for any symbol. Any clarification will be honored.
Good wishes

#86,402
May 19, 2019 7:42am May 19, 2019 7:42am

Ker
| Joined Jul 2018 | Status: Trader | 84 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Meanwhile my long order is still alive.. SL saved by a pip as usual Stay Green

Ignored

Ata, did you move your stop before the market closure? Last minutes of Friday spreads always widen a lot and I was wondering if you move it or close the trade. I would have gotten stopped out with a stop loss at 1.1153, with spreads as wide as 10 pips

#86,403
Edited 8:46am May 19, 2019 8:31am | Edited 8:46am

auricforecas
Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts

I would wait till it rebounds to 1.1190+... Can't say how quick (many things can happen, short-term!), but will happen (I strongly believe), if not in days, weeks...

If all goes well and the "model" isn't disturbed - by events/tweets/panic... it might rebound on even this Monday (my bet)... otherwise we will have to wait a little, but not to long, I believe.
This is not a regular drop, you have to remember that 1.1 is a critical level for EUR, at 1.0... its existence (questions) will come into play. Do not expect it to go out without a strong fight..
And again, after this rebound... I'll be on the short side.. I just want it to "deflate" slowly.. so my SELLS wont get STOPPEd due to rebounds/spikes...
I want it slide calmly, peacefully and profitable and also TIGHTly (tight SL->tight LEVERAGE->massive potential; either way

Can you afford to take that chance?

#86,404
May 19, 2019 10:30am May 19, 2019 10:30am

AbbasRizvi
| Joined Nov 2018 | Status: Trader | 553 Posts

Some examples of charts with indicators and without indicators, just to differentiate how indicators give better view

Attached Image

#86,405
May 19, 2019 10:31am May 19, 2019 10:31am

AbbasRizvi
| Joined Nov 2018 | Status: Trader | 553 Posts

Attached Image

#86,406
May 19, 2019 11:46am May 19, 2019 11:46am

Pollen
Joined Sep 2016 | Status: TMT Scalping... | 2,408 Posts

If EU gaps down tomorrow, Many grid strategies will be blown.

TMT Scalping System (Best system on FF)

#86,407
May 19, 2019 11:58am May 19, 2019 11:58am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,132 Posts

Quoting Ker

Disliked

{quote} Ata, did you move your stop before the market closure? Last minutes of Friday spreads always widen a lot and I was wondering if you move it or close the trade. I would have gotten stopped out with a stop loss at 1.1153, with spreads as wide as 10 pips

Ignored

Best strategy for weekends is: Close your trade (or trades) 1 minute before market closes.. Then as soon as market opens open your trade from same position.

If there is a gap you can decide to delay your trade or even switch sides and open an opposite position. That way you are always protected against negative gaps.
If there is no gap you open immediately with same price and continue as if nothing has happened.
Only if there is a positive gap you will regret having closed your trade BUT trust me those are so rare and in terms of best practice, it is always better to avoid a loss than to gain a surprise bonus profit.

Stay Green

Focus only on what truly matters!

#86,408
May 19, 2019 1:20pm May 19, 2019 1:20pm

paogeh
Joined Mar 2007 | Status: Trader | 396 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Best strategy for weekends is: Close your trade (or trades) 1 minute before market closes.. Then as soon as market opens open your trade from same position. If there is a gap you can decide to delay your trade or even switch sides and open an opposite position. That way you are always protected against negative gaps. If there is no gap you open immediately with same price and continue as if nothing has happened. Only if there is a positive gap you will regret having closed your trade BUT trust me those are so rare and in terms of best practice,...

Ignored

During market open , the Spread usually WIDE ,
so it;s almost impossible to get back the old/good price after factor in SPREAD.

#86,409
May 19, 2019 1:43pm May 19, 2019 1:43pm

baldmonk
| Joined Mar 2016 | Status: Trader | 152 Posts

Quoting ehsanji

Disliked

{quote} 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.

Ignored

i wish i knew, my friend.

just like others said, USD is the least ugly duckling among the majors, for now.

#86,410
May 19, 2019 3:05pm May 19, 2019 3:05pm

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,132 Posts

Quoting paogeh

Disliked

{quote} During market open , the Spread usually WIDE , so it;s almost impossible to get back the old/good price after factor in SPREAD.

Ignored

Bullshit!

Stay Green

Focus only on what truly matters!

#86,411
May 19, 2019 3:56pm May 19, 2019 3:56pm

Laditori
| Joined Nov 2017 | Status: Trader | 85 Posts

This caught my eye.

Last week's Commitment Of Traders report showed a large decrease in EUR shorts.
EUR short 95K vs 106K short last week. Shorts trimmed by 11 K

Could the banks be betting that the EUR has bottomed out?

#86,412
Edited 4:28pm May 19, 2019 4:11pm | Edited 4:28pm

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,132 Posts

Quoting Laditori

Disliked

This caught my eye. Last week's Commitment Of Traders report showed a large decrease in EUR shorts. EUR short 95K vs 106K short last week. Shorts trimmed by 11 K Could the banks be betting that the EUR has bottomed out?

Ignored

I don't see any potential bull move as a trend changer yet.. It is still too early to conclude that.. It will be probably some minor or major correction.. (imho)

Stay Green

Focus only on what truly matters!