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1H Swing Trading on EURUSD

  • #221
  • Feb 26, 2020 5:28am Feb 26, 2020 5:28am
Quoting BurningDesir
you have made a very good system i dont know why are you not following your system. euruusd is still in buy according to system but you have added a sell trade.
Now that volatility seems back to normal, I entered again where I left but with a much lower size that I can ride till the end, maybe you see better now why I took the exit...
Simplicity is the Ultimate Sophistication.
  • #222
  • Feb 26, 2020 5:46am Feb 26, 2020 5:46am
Maybe a picture is better than a thousand words...

Attached Image (click to enlarge)
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Simplicity is the Ultimate Sophistication.
  • #223
  • Edited 11:18pm Feb 26, 2020 1:22pm | Edited 11:18pm
Quoting broketrader
With the goal of making my trading easier and also in the spirit of what the famous Mario once said, "to do whatever it takes" to stay with the trading rules... I have merged SMA96 and MSRSI in a single indicator that shows of course the SMA96 and a fill color between it and the price which appears in RED on a bear signal and in GREEN on a bull signal. The signal remains active until a new one appears. Here is how it appears on TradingView: {image} And on MT4: {image} MT4 Indicator: {file} TradingView Script: {file}

Hey bro, nice job your doing,how do you insert this script on trading view? Am using mobile

Quoting Bororo
{quote} Hey bro, nice job your doing,how do you insert this script on trading view? Am using mobile
seen how to do it
did it on the trading view website pine editor
copy, paste and save!
Rise or fall....a better me!
  • #224
  • Feb 27, 2020 7:24am Feb 27, 2020 7:24am
Waouh! What a run !!!

Daily downtrend in red is gone, now we are at the door of area of resistance 1.1000
If this get cleared too, I see 1.1090 next !

Think that are still euro shorts out there, it will be day of margin calls !

Attached Image (click to enlarge)
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Simplicity is the Ultimate Sophistication.
  • #225
  • Feb 28, 2020 2:53am Feb 28, 2020 2:53am
Me saying that it was a little weak trend and now it has just gone parabolic !

I terminate the month in the green so I'm happy but again I didn't manage very well my exits because of those volatility peaks. It was like I wasn't trusting my own system, what a dumb I am! And that means that I have to work on that !

And the trend is still there sky rocketing like there is no tomorrow...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
Simplicity is the Ultimate Sophistication.
  • #226
  • Feb 28, 2020 3:20am Feb 28, 2020 3:20am
I closed out my long EU early. Missed most of the up move. I need to lwork on exitit rules to avoid leaving money on the table. We ve got a really good system here. Thanks. We wait for the reversal signal.
  • #227
  • Feb 28, 2020 3:33am Feb 28, 2020 3:33am
Quoting bpola
I closed out my long EU early. Missed most of the up move. I need to lwork on exitit rules to avoid leaving money on the table. We ve got a really good system here. Thanks. We wait for the reversal signal.
Yes, but at least you got some profit. It's always easy to say after the fact, when we are in, our emotions work on us (at least on me) and we become a bit irrational and it's normal, we are humans not robots.

Be happy if you got some profits because, trust me, there were some accounts blown up this week !
Simplicity is the Ultimate Sophistication.
  • #228
  • Feb 28, 2020 3:50am Feb 28, 2020 3:50am
Thanks for your emcouraging words.
  • #229
  • Edited 3:12am Mar 1, 2020 2:51am | Edited 3:12am
A view of February Trends.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 155 KB
Simplicity is the Ultimate Sophistication.
  • #230
  • Mar 1, 2020 2:53am Mar 1, 2020 2:53am
Some top bottom analysis for the week ahead and thoughts for the next trade.

The monthly chart shows, first, a false breakout of last September low, and second, a bullish pin bar. Two signs that March should be bullish for the euro.

Attached Image (click to enlarge)
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The weekly chart looks bullish too. A bullish pin bar touching the low of the channel followed by the past week big candle. I think that we are now due for some correction before the weekly bull continue its course.

Attached Image (click to enlarge)
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The daily shows the break of the last known down trend in solid red. Now, if we correct somehow the last week run, Friday high will form a new swing high and will become the second point of a new daily down trend shown by the dotted red line.

Attached Image (click to enlarge)
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On the hourly chart, the recent vertical run makes the situation difficult for the next short entry.
We need time to see the kind of formation and momentum that we will have now at this top.

If the price falls slowly, giving time for the Sma96 to catch up, we could have a not too risky entry, even being above the trend line.
On the contrary, having a more violent movement, will require caution or even wait for a retracement before considering an entry.

Attached Image (click to enlarge)
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Have a nice week and Good luck to all with your trades !
Simplicity is the Ultimate Sophistication.
  • #231
  • Mar 1, 2020 8:14am Mar 1, 2020 8:14am
Looking at MT4 Terminal, I saw an error in the SmaRSI96 indicator (MT4 version only), so I corrected and improved it a little bit...
Please download the new version below.

Before, old version :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB


After, new version :

Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 SmaSRSI96.mq4   12 KB | 1,075 downloads
Simplicity is the Ultimate Sophistication.
  • #232
  • Mar 1, 2020 9:10pm Mar 1, 2020 9:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: 0632D463-520B-40C6-AA40-7DACC07F1432.png Size: 463 KB


Hi broketrader, do you think it is good to re-enter a short position of EURJPY?
  • #233
  • Mar 1, 2020 10:23pm Mar 1, 2020 10:23pm
Quoting 24moonbridge
{image} Hi broketrader, do you think it is good to re-enter a short position of EURJPY?
Hi 24moonbridge, technically speaking, its very near the MA, so yes it could be a good opportunity.
Simplicity is the Ultimate Sophistication.
  • #234
  • Mar 1, 2020 11:14pm Mar 1, 2020 11:14pm
Quoting broketrader
{quote} Hi 24moonbridge, technically speaking, its very near the MA, so yes it could be a good opportunity.
Thanks man!
  • #235
  • Mar 1, 2020 11:41pm Mar 1, 2020 11:41pm
Quoting 24moonbridge
{quote} Thanks man!
You're welcome but be careful if you take a position on it! I think that with the covid-19, we're not living normal times right now !
Simplicity is the Ultimate Sophistication.
  • #236
  • Mar 2, 2020 3:51am Mar 2, 2020 3:51am
People, given the strength, I think that we are in front of a major monthly move, something in the range of 400 to 1K pips if nothing changes on the covid front !
I will try to build slowly a position risking only $100 ( 100 pips @ 0.1 lots ) at any given time given the volatility, and at least until we have a signal for a bear trend...
Simplicity is the Ultimate Sophistication.
  • #237
  • Mar 2, 2020 4:48am Mar 2, 2020 4:48am
I love this system to bits! If I follow the basic rules alone I should be in profit on a regular! I am going live this month on the sell signal(when it shows)

Thanks broketrader!
Rise or fall....a better me!
  • #238
  • Mar 2, 2020 5:00am Mar 2, 2020 5:00am
Quoting Bororo
I love this system to bits! If I follow the basic rules alone I should be in profit on a regular! I am going live this month on the sell signal(when it shows) Thanks broketrader!
Very nice and you are welcome
Wish you the best of luck with the future live trades
Simplicity is the Ultimate Sophistication.
  • #239
  • Mar 2, 2020 6:54am Mar 2, 2020 6:54am
greetings broketrader., from first your thread I follow it and I always see your updates.
thank you for the indicators that you shared in this thread, it was very helpful what you made for the eurusd analysis. Your analysis is easy to understand and very helpful.
  • #240
  • Mar 2, 2020 9:15am Mar 2, 2020 9:15am
120+ pips already traveled so far today, with no doubt the big money is moving and fast !

Added to position as we are soon breaking the weekly channel !

Attached Image (click to enlarge)
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And the time to write the post, the channel, is gone !
Simplicity is the Ultimate Sophistication.
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