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EURUSD

  • #1,158,301
  • Jul 22, 2019 2:49am Jul 22, 2019 2:49am
based on H4 & Daily chart I could say It down trend yet until it break 1.1289 level

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  • #1,158,302
  • Jul 22, 2019 2:53am Jul 22, 2019 2:53am
based on Weekly chart ABCD pattern created from 2012, it is forecast to move towards 1.1884 (possible)

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  • #1,158,303
  • Jul 22, 2019 2:55am Jul 22, 2019 2:55am
Long taken, target 1279 sl 1209
  • #1,158,304
  • Jul 22, 2019 3:01am Jul 22, 2019 3:01am
Quoting PatienceFx
Long taken, target 1279 sl 1209
Trade safe
ex nihilo
  • #1,158,305
  • Jul 22, 2019 3:58am Jul 22, 2019 3:58am
better usdx correct a little below 96.66 to get 97 handle but may be due Monday ranging trying for 97 with breaks up 96.90 before the ranging . anyway it is too bullish in nature. breakout below 96.81 will look for below 96.66 to look strong bull if . if try hard to get 97.03 first & fail stay up then crash towards 96.27 down to 14 all possible , lets see what direction it may take ,May only Range today though .waiting
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,158,306
  • Jul 22, 2019 4:09am Jul 22, 2019 4:09am
Quoting fontu
better usdx correct a little {image}
DXY going up today into Wednesday, GU is going to dump big soon. Strength via GU weakness, not EU weakness though.
  • #1,158,307
  • Jul 22, 2019 5:42am Jul 22, 2019 5:42am
Quoting asgcorp
{quote} DXY going up today into Wednesday, GU is going to dump big soon. Strength via GU weakness, not EU weakness though.
Let they all range for 2 day to see what comes up! Usdx breaking down for good bull try next and gu down 2440/below 2460 to good up also and eu up abive 1238 to down below 1200 next probably. Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,158,308
  • Jul 22, 2019 6:43am Jul 22, 2019 6:43am
I find it hard to trade on EUR/USD as there's not been any big mouvement for a while, any tips?
defeat can still be profitable
  • #1,158,309
  • Jul 22, 2019 6:46am Jul 22, 2019 6:46am
Quoting TudorIoan
Calendar. All you need to know about EUR and the USD. Monday and Tuesday, excellent days for scalping, no big data. Thursday, ...big day, volatile day! Play careful! {image}
Pathetic RANGE. Despite few bears now... let's see
Member
  • #1,158,310
  • Jul 22, 2019 7:17am Jul 22, 2019 7:17am
We are dealing with a sideways market. Wait for directional bias or go to a lower intraday time frame if you are a scalper.

KP

Quoting john-smith
I find it hard to trade on EUR/USD as there's not been any big mouvement for a while, any tips?
Do your homework, follow the footprints of smart money
  • #1,158,311
  • Jul 22, 2019 7:25am Jul 22, 2019 7:25am
Quoting KeenPips
We are dealing with a sideways market. Wait for directional bias or go to a lower intraday time frame if you are a scalper. KP {quote}
Ok, so doing smaller trades is the way to go then
defeat can still be profitable
  • #1,158,312
  • Jul 22, 2019 7:57am Jul 22, 2019 7:57am
And not staying long in the market. Look for a short term trend on a very low time trame and take a few pips from an emerging move in price. You may need to use a momentum.indicator on your entry time frame to time your entry.

Trade safe.

KP

Quoting john-smith
{quote} Ok, so doing smaller trades is the way to go then
Do your homework, follow the footprints of smart money
  • #1,158,313
  • Jul 22, 2019 8:02am Jul 22, 2019 8:02am
For those sh*tting their pants about the central banks fist fight, you could always hedge.

A very good and simple hedge I've already floated around would be buying either gold or JPY using EUR.

The idea being the EUR can only go two ways on Wed/Thurs; up or down. If it goes up, you win your EURUSD bet, which will almost certainly sustain and build on its win in two weeks. You'd have a drawdown on your hedged XAUEUR/EURJPY, but you mitigate it with the assumption that the DXY will almost certainly drop, which will wipe out your losses as investors run away to gold and JPY as the DXY falters.

If the ECB take a sh*t and the EUR drops, the EURUSD bet will almost certainly balance by next week and your big return position would be the gold or JPY bet. You could cut the EURUSD bet if you can't afford it, but the only way I see a losing scenario here is if the DXY doesn't collapse, which I think is unlikely.
  • #1,158,314
  • Jul 22, 2019 8:07am Jul 22, 2019 8:07am
Quoting KeenPips
And not staying long in the market. Look for a short term trend on a very low time trame and take a few pips from an emerging move in price. You may need to use a momentum.indicator on your entry time frame to time your entry. Trade safe. KP {quote}
what's a momentum.indicator?
I guess maybe as it's a Monday it amplifies even more the constant boucing up and down, so staying long could hurt a lot.
defeat can still be profitable
  • #1,158,315
  • Jul 22, 2019 8:12am Jul 22, 2019 8:12am
Quoting KeenPips
And not staying long in the market. Look for a short term trend on a very low time trame and take a few pips from an emerging move in price. You may need to use a momentum.indicator on your entry time frame to time your entry. Trade safe. KP {quote}
Btw I usually trade on the hourly but trading the same way on a lower frame is quite different, what are you main indicators when you open a trade?
defeat can still be profitable
  • #1,158,316
  • Jul 22, 2019 8:13am Jul 22, 2019 8:13am
For example, Rsi, stochastics or macd. Just use one. If you don't know how to scalp, look for a pair that is trending on the 1hour or 4 hour time frame.

KP

Quoting john-smith
{quote} what's a momentum.indicator?....
Do your homework, follow the footprints of smart money
  • #1,158,317
  • Jul 22, 2019 8:15am Jul 22, 2019 8:15am
Quoting KeenPips
For example, Rsi, stochastics or macd. Just use one. If you don't know how to scalp, look for a pair that is trending on the 1hour or 4 hour time frame. KP {quote}
understood thanks for the tips
defeat can still be profitable
  • #1,158,318
  • Jul 22, 2019 8:18am Jul 22, 2019 8:18am
I am a short term swing trader, using the weekly time frame for market conditions and the daily for setups/signals. I trade based on price action and market structure primarily.

KP

Quoting john-smith
{quote} Btw I usually trade on the hourly but trading the same way on a lower frame is quite different, what are you main indicators when you open a trade?
Do your homework, follow the footprints of smart money
  • #1,158,319
  • Jul 22, 2019 8:30am Jul 22, 2019 8:30am
Quoting KeenPips
I am a short term swing trader, using the weekly time frame for market conditions and the daily for setups/signals. I trade based on price action and market structure primarily. KP {quote}
Ok thanks, interesting to know!
defeat can still be profitable
  • #1,158,320
  • Jul 22, 2019 9:16am Jul 22, 2019 9:16am
stop hunt & hunted stop are today"s momentum
Be a spectator, not a player
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