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EURUSD

  • #1,162,101
  • Edited 8:00am Jan 25, 2020 7:19am | Edited 8:00am
Daily chart showing trend changes. BLue candles indicate declining and purple candles indicate advancing trend. Arrows based on pivots going against trend.
Blue candle is created when low is lower than the last 2 days. Purple candle is created when high is higher than the last two days.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 74.png Size: 220 KB
Managing your lot size is the key
  • #1,162,102
  • Jan 25, 2020 10:08pm Jan 25, 2020 10:08pm
one benefit of using multipivot and donkey on chart is that i am free from all tensions while reading the chart and visualizing what to trade and where to exit a trade

https://www.forexfactory.com/showthr...7#post12718847
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 32 KB
  • #1,162,103
  • Jan 25, 2020 10:12pm Jan 25, 2020 10:12pm
Quoting PatienceFx
one benefit of using multipivot and donkey on chart is that i am free from all tensions while reading the chart and visualizing what to trade and where to exit a trade https://www.forexfactory.com/showthr...7#post12718847 {image}
the Y pivot was the best place to short if you are only interested in swap earnings
  • #1,162,104
  • Jan 26, 2020 5:43am Jan 26, 2020 5:43am
The market went through the zone and stops were hit. Now we have a new high probability zone for the next week.

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #1,162,105
  • Jan 26, 2020 1:44pm Jan 26, 2020 1:44pm
I would love to have the pair make a retracement. Myself, have projected one. Better entries for new shorts and a chance to make money out of longs.

EURUSD 27-31 January
Risk Management is of utmost importance!
  • #1,162,106
  • Jan 26, 2020 3:57pm Jan 26, 2020 3:57pm
Here's my take on the EURUSD, from a technical perspective. The market is generally disposed southwards. But the daily time frame shows a consolidation of market operation within a rising wedge (magenta). The wedge was broken down on Thursday and bears effected a follow-through on Friday. Price action is presently at the 1.10245 area but the next horizontal support is a few pips below, at the 1.09850 area, so we may not have a bearish drive yet. A bearish breach of the 1.09850 area may see the 1.08820 inception area (green) exposed.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily_January 26 2020.png Size: 166 KB
Do your homework, follow the footprints of smart money
  • #1,162,107
  • Jan 26, 2020 10:02pm Jan 26, 2020 10:02pm
weekly pivot will hold eu down
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 31 KB
  • #1,162,108
  • Jan 26, 2020 10:57pm Jan 26, 2020 10:57pm
Inserted Video
  • #1,162,109
  • Jan 26, 2020 11:34pm Jan 26, 2020 11:34pm
Just putting down my thoughts, waiting on my spot to enter based on indicators.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,110
  • Jan 27, 2020 7:53am Jan 27, 2020 7:53am
Quoting OhComeOn
Just putting down my thoughts, waiting on my spot to enter based on indicators. {image}
S38 1.1015 has been reached, moving to Weekly Pivot or R38, let's see where it goes.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,111
  • Jan 27, 2020 7:34pm Jan 27, 2020 7:34pm
Market still bearish. Wait for the pullback (or trade into and out of it if you think you’re good enough)
I am looking for a short entry somewhere above 1.1040
  • #1,162,112
  • Edited Jan 28, 2020 6:14am Jan 27, 2020 10:51pm | Edited Jan 28, 2020 6:14am
Quoting PatienceFx
{quote} {image}
I'm so sorry about this post, It was meant for another thread.
  • #1,162,113
  • Jan 28, 2020 8:38am Jan 28, 2020 8:38am
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  • #1,162,114
  • Jan 29, 2020 12:16am Jan 29, 2020 12:16am
today FOMC , expect the keep rate unchange.


no change === EU no change
rate cut = USD UP
rate increase = USD DROP.


can i assume above assumptions ?


and , for the coronavirus .
it;s RISK OFF even , benefit USD ==> EURUSD DROP .
In the event , that China affected badly , and this further impact the china buying from US .
WOULD this cause EURUSD to RISE ?


Just wondering ....
feel free to add.
  • #1,162,115
  • Jan 29, 2020 12:20am Jan 29, 2020 12:20am
another questions come to mind ....

when looking at EURUSD daily, weekly , or monthly chart .

One can see that , if shorted at 1.25 back in 2018 .
and hold till now ,
the gain would be extraordinaly + the juicy swap .



questions ::
1. broker allow us to hold months or even years of the trade ?
2. it must be extremely diffcult to hold back the itchy hand to enjoy the fat gain . Anyone holding those SHORT from 1.25 ?
3. Based on #3, its seem a good strategy to trade base on weekly chart . SHORT and hold ....... and this can apply to other pair too ? I;m thinking of doing this seriously. any input/advice/comment ? Thank you .
*for 1 LOT = 1 pip = USD10 ......1000 pip == USD10K . do the math , if multiple by 10lot ....it;s easily USD100K .
  • #1,162,116
  • Edited 3:05am Jan 29, 2020 12:50am | Edited 3:05am
Quoting paogeh
another questions come to mind .... when looking at EURUSD daily, weekly , or monthly chart . One can see that , if shorted at 1.25 back in 2018 . and hold till now , the gain would be extraordinaly + the juicy swap . questions :: 1. broker allow us to hold months or even years of the trade ? 2. it must be extremely diffcult to hold back the itchy hand to enjoy the fat gain . Anyone holding those SHORT from 1.25 ? 3. Based on #3, its seem a good strategy to trade base on weekly chart . SHORT and hold ....... and this can apply to other pair too...
This is what real swing traders should do but we small creature may not have that heart to do follow yet , few hundreds pips in hand any time by chance seems enough to take the profit !! and once tp at the middle or so it makes very difficulty join the same , if do increase the risk to continue . set, be & forget technique we all know but never adhere perfectly. for the set up need test to set "be" few times to get set .need good money management as huge inbuilt hungry for free money in us make incompatible with the system , so the minimum lot to tolerate for test & play with any increase may do . again it must avoid to see , click click for short cut money of any kind may ultimately become a real swing trader . when more sick practices perfect but when in good health this daily weekly / scalping kill more actually than gain ultimately , that is more profit ok , but risk more also again & susceptible more loss or all profit loss suddenly as can't watch or engage all times .Need good money management over all. Take care , good tropic to self criticise after all.
fontu

anyway come to trading situation , the swing from 2530 may not stop yet & may further tank to but a very chances reversal attempt with or without success break 1.1412 there present at or 1.0980 to 1.0930 . so small swing in possible big test may run next as try .lets settle down to have a bottom formation
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDWeekly1.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,162,117
  • Jan 29, 2020 4:16am Jan 29, 2020 4:16am
Quoting paogeh
another questions come to mind .... when looking at EURUSD daily, weekly , or monthly chart . One can see that , if shorted at 1.25 back in 2018 . and hold till now , the gain would be extraordinaly + the juicy swap . questions :: 1. broker allow us to hold months or even years of the trade ? 2. it must be extremely diffcult to hold back the itchy hand to enjoy the fat gain . Anyone holding those SHORT from 1.25 ? 3. Based on #3, its seem a good strategy to trade base on weekly chart . SHORT and hold ....... and this can apply to other pair too...

Doing the talking
Used to scalp.
Lose a fortune
Jan alone losed usd7k

Now building shorts since 24jan after margin call holding long scalp
Target 1.06
Or 1.00

Initial , 1 lot x4
Now build till 7 lots.
Potential profit 7 x usd4k = usd28k
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-01-29-18-14-40-92_a068875e8d70110f8d1ec48729c67374.png Size: 125 KB
  • #1,162,118
  • Jan 29, 2020 5:28am Jan 29, 2020 5:28am
Recent low= 1.0994 ....I am getting long in the 1.10 level now. I expect a jerk up.....

  • #1,162,119
  • Jan 29, 2020 5:40am Jan 29, 2020 5:40am
Quoting F.g
Recent low= 1.0994 ....I am getting long in the 1.10 level now. I expect a jerk up.....
correct, i closed all shorts too

*using simplest baby step trading technique
14 sma of high and low prices and macd
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 29 KB
  • #1,162,120
  • Jan 29, 2020 5:41am Jan 29, 2020 5:41am
Quoting F.g
Recent low= 1.0994 ....I am getting long in the 1.10 level now. I expect a jerk up.....
What is your tp for long?
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