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  • #106,761
  • Apr 13, 2020 12:26pm Apr 13, 2020 12:26pm
I think the EUR/USD should drop down further. Whats your opinion?
Attached Image (click to enlarge)
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  • #106,762
  • Apr 13, 2020 12:55pm Apr 13, 2020 12:55pm
I am still bullish euro and will be until a bull is not a bull....
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  • #106,763
  • Apr 13, 2020 1:09pm Apr 13, 2020 1:09pm
Quoting mistaouting
I am still bullish euro and will be until a bull is not a bull....
Bullish where? M15 is bearish, H1 will start the downtrend soon, only H4 is "bullish". Even H4 bears are boiling.. I get that you want to be in a trend as long as you can, but be aware of early signs. You won't see those on 4H or daily. Therefore I switch to M15 and H1.
  • #106,764
  • Apr 13, 2020 1:17pm Apr 13, 2020 1:17pm
Quoting Ata-Turkoglu
{quote} My response is simple: Don't hold your breath! World economic situation was already crippled before Corona.. Why should EURO gain value after now????? Don't be delusional please.. Stay Green
Excuse me please, I know I said my point of view rather too direct.
when a stimulus is issued, there is a decline in currency value, that is what fundamental analysis teachs, I do not like or mean to confuse people here at all, I am just telling my point of view, with the decline of stock market in the USA and the stimulus that is pending, the dollar should weaken, fundamentally, that is how other currencies should gain value "relative" to it.
The Euro is already weak, and it could get weaker, especially when the ECB issues a stimulus package if Germany lets it happen.
  • #106,765
  • Apr 13, 2020 2:07pm Apr 13, 2020 2:07pm
Quoting Maroc-Ismail
{quote} Bullish where? M15 is bearish, H1 will start the downtrend soon, only H4 is "bullish". Even H4 bears are boiling.. I get that you want to be in a trend as long as you can, but be aware of early signs. You won't see those on 4H or daily. Therefore I switch to M15 and H1.

for my trading strategy its bullish....my plan today was to buy anything below 0900

plenty of reason why...but i am often wrong

edit....bullish where? bullish daily! draw a simply trend line with the past 6 days and tell me if it points up or down....if it points up then i would call that bullish
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  • #106,766
  • Apr 13, 2020 2:14pm Apr 13, 2020 2:14pm
Quoting mistaouting
I am still bullish euro and will be until a bull is not a bull....
So, yes, someday EU can go back to about ~ 1.13
But,
for now possible down to 0.0820
  • #106,767
  • Apr 13, 2020 2:19pm Apr 13, 2020 2:19pm
Quoting seincard
{quote} So, yes, someday EU can go back to about ~ 1.13 But, for now possible down to 0.0820
neither one of those are in my trading range....

i hope to take profit on longs north of 0980 -1000
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  • #106,768
  • Apr 13, 2020 2:28pm Apr 13, 2020 2:28pm
Quoting mistaouting
{quote} for my trading strategy its bullish....my plan today was to buy anything below 0900 plenty of reason why...but i am often wrong edit....bullish where? bullish daily! draw a simply trend line with the past 6 days and tell me if it points up or down....if it points up then i would call that bullish
Got something better then the last 6 days
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2020-04-13 om 23.27.21.png Size: 38 KB
  • #106,769
  • Apr 13, 2020 2:35pm Apr 13, 2020 2:35pm
Quoting Maroc-Ismail
{quote} Got something better then the last 6 days {image}
are you holding trades for 35days...did you go short 35 days ago and still hold those short positions?

Are you currently holding short positions with euro?
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  • #106,770
  • Apr 13, 2020 2:40pm Apr 13, 2020 2:40pm
Looking Like a sell trade.. in 20 minutes time
  • #106,771
  • Apr 13, 2020 2:42pm Apr 13, 2020 2:42pm
Quoting mistaouting
{quote} are you holding trades for 35days...did you go short 35 days ago and still hold those short positions? Are you currently holding short positions with euro?
I wish I could hold trades for 35 days. I am holding euro short positions, yes.

What I wanted to say with the image, is that a daily trendline for six days, is not reliable. The daily trend is down. Only 4H is up atm.
  • #106,772
  • Edited 3:11pm Apr 13, 2020 2:59pm | Edited 3:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-04-13-TOS_CHARTS.png Size: 20 KB
Quoting Maroc-Ismail
{quote} I wish I could hold trades for 35 days. I am holding euro short positions, yes. What I wanted to say with the image, is that a daily trendline for six days, is not reliable. The daily trend is down. Only 4H is up atm.
i feel a time frame more suitable to your trading style would have been a better example....I could draw a trendline for the past two years and its bearish but im not holding positions that long

edit...apple and oranges...both fruit just different fruit....watch out for placebo affect lol...if you draw a trendline on daily from that many days its bearish.....if you draw from 6 or even more its bullish.....you use what we choose to support our points...
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  • #106,773
  • Apr 13, 2020 3:13pm Apr 13, 2020 3:13pm
Selling now SL 1.0969
  • #106,774
  • Apr 13, 2020 3:26pm Apr 13, 2020 3:26pm
Quoting mistaouting
{image}{quote} i feel a time frame more suitable to your trading style would have been a better example....I could draw a trendline for the past two years and its bearish but im not holding positions that long edit...apple and oranges...both fruit just different fruit....watch out for placebo affect lol...if you draw a trendline on daily from that many days its bearish.....if you draw from 6 or even more its bullish.....you use what we choose to support our points...
I hope you make green pips.
  • #106,775
  • Apr 13, 2020 3:32pm Apr 13, 2020 3:32pm
Quoting Maroc-Ismail
{quote} I hope you make green pips.
like wise....unfortunately I'm long and your short lol we on opposite sides

I have gotten use to making mistakes with the forex trading....so if i get stopped out...just another day for me


best of luck to you also!
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  • #106,776
  • Apr 13, 2020 5:35pm Apr 13, 2020 5:35pm
Quoting Maroc-Ismail
{quote} Decided to keep this long. When the short term trend reverses, I always make this mistake. Guess I am staying in the trend for too long. I did short on the way down, but M15 & H1 are bearish and 4H will be. It just needs some time, maybe tomorrow or the day after. Anyways, a weak bull trend which is about to reverse. I'll post when I get out of this trade and when I start selling bigger size. There were plenty of opportunities today, hope you listened to Ata and shorted this thing. Have a nice evening, C you tomorrow!
Shorted 1,0923 SL: 20 Pips TP: 1,0880

Long will be closed when price reaches 1,0930 with -6.

Goodnight.
  • #106,777
  • Apr 13, 2020 5:45pm Apr 13, 2020 5:45pm
Quoting Maroc-Ismail
{quote} Shorted 1,0923 SL: 20 Pips TP: 1,0880 Long will be closed when price reaches 1,0930 with -6. Goodnight.
look at all those stops just below
1.0969
  • #106,778
  • Apr 13, 2020 6:00pm Apr 13, 2020 6:00pm
Quoting Maroc-Ismail
{quote} Shorted 1,0923 SL: 20 Pips TP: 1,0880 Long will be closed when price reaches 1,0930 with -6. Goodnight.
wow your broker lets you have short and long positions on the same pair. I always wondered how that works, i think i have seen someone also do the say they could long and short positions on the same pair at same time
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  • #106,779
  • Apr 13, 2020 7:08pm Apr 13, 2020 7:08pm
Quoting mistaouting
{quote} wow your broker lets you have short and long positions on the same pair. I always wondered how that works, i think i have seen someone also do the say they could long and short positions on the same pair at same time
I do it most of the time, don't see what the mystery is. You can be long and short on a pair at different timeframes (very common), and hedging positions as well.

Every position taken is a separate and independent contract from all other open positions (at least that's how it should be, sucks for those in countries where it's not allowed).
  • #106,780
  • Apr 13, 2020 7:23pm Apr 13, 2020 7:23pm
Quoting Starcraftmaz
{quote} I do it most of the time, don't see what the mystery is. You can be long and short on a pair at different timeframes (very common), and hedging positions as well. Every position taken is a separate and independent contract from all other open positions (at least that's how it should be, sucks for those in countries where it's not allowed).
No mystery, can't do it with my broker is all. Thought that it would be cool if i could do it
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