EURUSD - From Here to There | Forex Factory

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EURUSD - From Here to There

  • #1
  • First Post: Edited Apr 28, 2022 2:53pm Mar 6, 2020 9:48pm | Edited Apr 28, 2022 2:53pm
All things related to EURUSD are welcome!
Learn from your mistakes and march on.
  • #2
  • Mar 6, 2020 10:30pm Mar 6, 2020 10:30pm
Even a thousand-mile journey starts with the first step.
don't predict direction, but dance with flow of water
  • #3
  • Mar 6, 2020 10:33pm Mar 6, 2020 10:33pm
Quoting priceaction1
Even a thousand-mile journey starts with the first step.
Well said.
Learn from your mistakes and march on.
  • #4
  • Mar 6, 2020 10:55pm Mar 6, 2020 10:55pm
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
Quoting here2there
All things related to EURUSD are welcome!.....People who are disruptive and abusive towards others will be banned.
Alright, but just remember, I know how crazy Cali folk is, so sarcasm may appear

Based upon the daily, I'm looking for a pullback Sunday. Assuming anm quick increase to about 1330 then down to 1265. This is simple observation via cell phone app, but will look at desktop full view to tryto dial things in.

Since you don't have specific restrictions and what seems a genuine idea of profits and learning for all, I'd be interested in thoughts regarding correlations between other items - DXY, gold, Trump's crazy ass , etc.
School of hard knocks
dmj120 Return This Year: na
  • #5
  • Mar 6, 2020 10:55pm Mar 6, 2020 10:55pm
EUR.
https://charts.mql5.com/23/789/eurus...al-limited.png
don't predict direction, but dance with flow of water
  • #6
  • Mar 6, 2020 11:02pm Mar 6, 2020 11:02pm
Hi here2there, we all have seen members post plenty of historic trades. Any fool can be successful doing that.

Make it a compulsory requirement that trades has to have entry as close to current price showing entry, sl and tp.

This simple rule will make your thread the best on FF, the rest are fakes to fool people.
Know what you trade
  • #7
  • Edited Mar 8, 2020 1:34am Mar 7, 2020 2:10am | Edited Mar 8, 2020 1:34am
x
Its all just one persons opinion
  • #8
  • Mar 7, 2020 6:00am Mar 7, 2020 6:00am
Quoting BWilliam
Hi here2there, we all have seen members post plenty of historic trades. Any fool can be successful doing that. Make it a compulsory requirement that trades has to have entry as close to current price showing entry, sl and tp. This simple rule will make your thread the best on FF, the rest are fakes to fool people.
I agree, traders should share a chart with entries, and where they exit. I do that, I usually take a picture and paste it here. But to each their own.
  • #9
  • Mar 7, 2020 4:10pm Mar 7, 2020 4:10pm
Quoting Techanalyst
{quote} I agree, traders should share a chart with entries, and where they exit. I do that, I usually take a picture and paste it here. But to each their own.
Welcome.

I look forward to your interaction in this new EURUSD thread.
Learn from your mistakes and march on.
  • #10
  • Mar 7, 2020 4:20pm Mar 7, 2020 4:20pm
EURUSD bullish this coming week. I attached my daily chart and possibly where it is going. 1.15xx-1.16xx.
On a weekly it has reached the supply zone and it looks like it bounced back down. But with the fundamentals affecting US dollar, looks like we will see more uptrend this week. On a weekly chart next possible price is 1.16xx-1.17xx. If everything gets fixed with China, EURUSD will turn and go bearish. Analysis for this week coming on EURUSD has been completed. Looking at long term on a monthly chart, EURUSD overall is bearish, will go to 1.0000 and or below withing few months. Trade safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDdaily.png Size: 122 KB
Click to Enlarge Name: EURUSDweekly.png Size: 99 KB
Click to Enlarge Name: EURUSDMonthly.png Size: 107 KB
Attached File(s)
File Type: xlsx COT.xlsx   10 KB | 386 downloads
  • #11
  • Mar 7, 2020 6:11pm Mar 7, 2020 6:11pm
I would say that we get some consolidation here now and I am standing aside regardless waiting for the set up.

It either hits the 4H 15 EMA and holds or bounces but I will need the confirmation either way. And if it crashes down through it then consolidation is more probable for sure. USD is also near support so maybe we get a week of wash out sideways and thus scalps in the ranges. But ED ought to consolidate here at some point.

Attached Image (click to enlarge)
Click to Enlarge Name: ED 4H Week End 7 Mar 2020.png Size: 109 KB
  • #12
  • Edited 8:57pm Mar 7, 2020 8:12pm | Edited 8:57pm
Quoting dmj120
{quote} I'd be interested in thoughts regarding correlations between other items - DXY, gold
I wouldn't have it any other way. Correlation/Negative Correlation play a key role in how I do technical analysis. Feel free to share such information if you would like. Just be sure to let your readers know why you are posting it. Context is key to understanding the purpose of things.
Learn from your mistakes and march on.
  • #13
  • Mar 7, 2020 8:22pm Mar 7, 2020 8:22pm
Quoting BWilliam
...Make it a compulsory requirement that trades has to have entry as close to current price showing entry, sl and tp. This simple rule will make your thread the best on FF, the rest are fakes to fool people...
But that would make people lazy.

The ultimate goal of this thread is to equip people with knowledge to make wise decisions on their own. It's not a signal service.

If I say, 'Buy here!' or 'Sell There!', then how does one learn anything from that?

There is a saying. Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.

I want aspiring traders who visit this thread to learn how to fish.
Learn from your mistakes and march on.
  • #14
  • Edited 11:13pm Mar 7, 2020 10:26pm | Edited 11:13pm
Quoting here2there
{quote} But that would make people lazy. The ultimate goal of this thread is to equip people with knowledge to make wise decisions on their own. It's not a signal service. If I say, 'Buy here!' or 'Sell There!', then how does one learn anything from that? There is a saying. Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime. I want aspiring traders who visit this thread to learn how to fish.
If teaching is your personal goal for this thread then this is how I see it.

To teach how to kick a football you can do classroom lessons learn the theory and analyse the many ways to kick the ball. However, the real lesson is learnt on the pitch where players and coaches get down to actually kick balls, demonstrating and practising.

In trading, posters can write analysis and discuss trading strategies. The actual entry, sl and tp form the actual trading part. Somehow when it comes to trading business on a trading forum this part is conspicuously missing. Imagine for football there's the theory, tactical and strategy classes. But no one kicks the ball on the pitch. And strangely this is the prefered format by majority of the forum members.

Sharing my observation, my 2cts.
Know what you trade
  • #15
  • Mar 7, 2020 11:18pm Mar 7, 2020 11:18pm
Quoting BWilliam
{quote} If teaching is your personal goal for this thread then this is how I see it. To teach how to kick a football you can do classroom lessons learn the theory and analyse the many ways to kick the ball. However, the real lesson is learnt on the pitch where players and coaches get down to actually kick balls. In trading, posters can write analysis and discuss trading strategies. The actual entry, sl and tp form the actual trading part. Somehow when it comes to trading business on a trading forum this part is conspicuously missing. Imagine for...
Again, this isn't a trading signals service but a thread in a forum where people from all trading backgrounds can share their ideas on EURUSD.

If you are looking for trading signals, then this isn't the right thread for you.
Learn from your mistakes and march on.
  • #16
  • Mar 7, 2020 11:21pm Mar 7, 2020 11:21pm
Quoting here2there
{quote} Again, this isn't a signal service but a thread in a forum where people from all trading backgrounds can share their ideas on EURUSD. If you are looking for trading signals, then this isn't the right place for you.
For clarification, no I am not looking for trading signals. Enjoy your sharing ideas. Cheers.
Know what you trade
  • #17
  • Edited 8:35am Mar 8, 2020 12:35am | Edited 8:35am
We are long overdue for a retracement in my opinion. But due to unfortunate circumstances concerning the coronavirus, market conditions are not normal. Therefore, anything can happen.

Having said that, bulls were rejected at a key area of resistance (see red broken lines), and Volume is showing an abnormally strong bar on the Weekly. This suggests we could see a retracement soon.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Weekly.png Size: 21 KB


The Daily candle closed bullish. Therefore, it is possible price can rise higher before a retracement occurs.

It's likely we will see a gap when the market reopens for trading. A gap should give us a clue of where EURUSD might be headed to next.

If we see a retracement, then I will be looking for price to go down somewhere around 50% - 1.11954 to 61.8% - 1.11577, and possibly even as low as 78.6% - 1.11042 (see green broken lines).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily.png Size: 18 KB


It's worth noting the dollar bounced from a significant area of support, making the case for a possible retracement on EURUSD stronger.

Attached Image (click to enlarge)
Click to Enlarge Name: dollar 1.png Size: 83 KB


Attached Image (click to enlarge)
Click to Enlarge Name: dollar 2.png Size: 55 KB


Of course, the dollar could continue on the path to lower prices, as much confidence has been lost due to the uncertain nature of the coronavirus.

EURUSD is at the crossroads. It could go either way.

Attached Image
Image Source: https://www.cftc.gov/dea/futures/deanybtsf.htm

Attached Image (click to enlarge)
Click to Enlarge Name: Mixed Signals.png Size: 146 KB
Image Source: https://www.dailyfx.com/sentiment-report

Conclusion: Based on what I am seeing, I will be looking for buying opportunities until conditions change, as it is evident EURUSD is currently more bullish than bearish short term.

Note: Technical Analysts deal in probabilities, not in absolutes. My analysis is not written in stone. I could be wrong on any point. There is no such thing as a perfect trader. Please keep this in mind before being critical of me or anyone else who shares their ideas in this thread.
Learn from your mistakes and march on.
  • #18
  • Mar 8, 2020 4:22am Mar 8, 2020 4:22am
I believe the ECB meeting will be held this week, there are numerous people suggesting a high probability of a rate change.
  • #19
  • Edited 8:33am Mar 8, 2020 8:16am | Edited 8:33am
Breaking News (must read)

I just stumbled on a link to this this article: EUR/USD Negative

This could be the impetus to drive EURUSD into a deep retracement or possibly even resume the bearish trend (think of COT report here).

This is why fundamental analysis should not be ignored by technical analysts!

Please read my recent analysis on EURUSD HERE.
Learn from your mistakes and march on.
  • #20
  • Mar 8, 2020 11:49am Mar 8, 2020 11:49am
Quoting here2there
Breaking News (must read) I just stumbled on a link to this this article: EUR/USD Negative This could be the impetus to drive EURUSD into a deep retracement or possibly even resume the bearish trend (think of COT report here). This is why fundamental analysis should not be...
positive???

https://www.reuters.com/article/us-h...-idUSKBN20T1XN
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