EURUSD only

Just back home hit my pending sell at 1.1150.

Next week back lower i hope.

Crazy friday.

Good weekend.

Its a demo account, I try to find my trading style, I use MA to see trends and volume . I learn from my mistakes. might be an example for people who are just starting this.


Stay Green

I shotred this candle also.But i think on monday we see eur around 11700 200 Ma but now it stays under 100 MA

i look monthly and weekly. Monthly main trend goes down.Its clear-trend goes down to middle line if it cross -Its really the end.But weekly trend is flat and stays above middle line and dont cross it down-stay above,goes horisontal-Main trend.

1216 on xe right now,after trumps tweet

The month is down but may not last. Ultimately on these time frames its fundy driven. Much of these weeks in this channel is waiting for Brexit. Whatever deal is done will mean business can then adapt to the new criteria and move forward which will trigger huge cash flows moves between the pound euro dollar.

Even though the euro has breached the decades line support it clearly hasn't really offered any support or resistance which just reformed into a new weekly channel.

This tight range we been in is coming to an end. The ATR is very low and we are sat on very good support. Buying at these lows could prove to be very profitable for long term traders that want to hold for weeks. Right now is crunch time we either break long which is what i think will happen or crash to the lower support. I think things will pick up a lot in September but could drag on till October Brexit deadline.

Weekly div still intact.

happy weekend to all

Do not even check it.
You can't count on it

Eur H4 H1 overbought heavy.Need correction.Daily was ovesold 10235.If eur cross 11700,next 12131-MA100,Ma 50 daily.BBborder 12236.Ma200 daily 12828.WE will see what eur does.Monthly eur was ovebought- jan. 2018-123690, trend(monthly) is under middle,and goes down,but main trend goes down to middle,not cross yet.Weekly-all trend and main trend is above middle,but very near,weekly is ovebought.My guess if eur even goes again to 1400 or even more-it will be divergence,and with high vitesse eur goes down.

About weekly divergence on weekly.I think this high 141130- was because of divergence.And after it new wave statred.Look chart,no divergence on weekly.My opinion.

Weekly Status Update

Here is my weekly view.. I hope it helps..

1. The thick red and blue trendlines represent my main support and resistance areas, therefore if we would constantly keep buying every new touch to the thick blue trendline (by accepting losses only if there was a candle close below this line) we would do nothing but profit during the last 50+ weeks.. It's a fact!
2. Similar goes for the red trendline. If we would sell every touch to this line (by accepting losses only if there was a close above this line) we would often make profit and only one of these touches would end up with a -50 pips loss.. (It's that one candle that closes above where the head of H&S starts to develop). Again it is just another fact!
3. Besides this main channel we also have a second (dotted lines) and a third (dashed lines) channel. Same logic will work for those as well. It would be wise to look for sell setups each time price begins to touch the red colored lines. With same logic it also would be wise to look for buy setups each time price begins to touch the blue colored lines.
4. Long story short: Although we know that overall long-term picture is bearish (in a grinding way) with this logic we still can trade bullish from time to time even knowing it will piss off fanatic bears or fanatic traders in general.

Stay Green

[quote=Ata-Turkoglu;12461905]Weekly Status Update Here is my weekly view.. I hope it helps.. The thick red and blue trendlines represent my main support and resistance areas, therefore if we would constantly keep buying every new touch to the thick blue trendline (by accepting losses only if there was a candle close below this line) we would do nothing but profit during the last 50+ weeks.. It's a fact! Similar goes for the red trendline. If we would sell every touch to this line (by accepting losses only if there was a close above this line) we would often make profit and only one of these touches would end up with a -50 pips loss...……………………………..

Excellent! I've employed this strategy, more or less, since last October although I haven't charted it as elegantly as you have. Started with $10k in my account. As of this morning the account balance has grown to $36.2k. Not bad for a hobbyist.

This will work until we get a true trend reversal. Then I'll likely get spanked, but it's all house money at this point.

if u could help me with pipfinite trend pro indicator. it would be really a great help

I agree with Ata -fanatic traders.In reality no trend on weekly-flat just up and down and sometimes new lows but after up again.Trend is flat and weekly chart shows it.Weekly main trend stays above the middle line - from march 2019 its flat,horisontal.

It can still be profitable, even if it's flat. Stay green.

I prefer flat/range actually

As long as you are within the levels, you can take the negative, wait till it comes positive and trade within. You can't do that on a wide range coz it will hit your stop loss or get stopped out., so, i agree with your preference. Its a smart strategy, just be careful of the breakout. Anyway, Ata is here to warn you before it happens. Im sure you are green. Lets all stay green.

I look weekly again history if eur stay above the middle-it should have new highs not new lows,but eur staiyng since march make lows,really interesting picture,and eur makes several highs ,not one maybe eur does these highes in future