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EURUSD

  • #1,166,621
  • Edited 8:35am Apr 16, 2020 8:19am | Edited 8:35am
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I WILL CONTINUE TO SELL NEW HOURLY LOW
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yes yes yes
  • #1,166,622
  • Apr 16, 2020 8:26am Apr 16, 2020 8:26am
Quoting here2there
{quote} negative Bitscam is correlated with USD, and therefore, negatively correlated with EURUSD. So when Bitscam goes up, EURUSD goes down, as they are currently negatively correlated. That could change, of course. But for now, BTC could potentially be a leading indicator for EURUSD.
Mate with respect I’m not sure you could call it correlated in the slightest...

Lay the graphs on top of each other.

more recently bitcoin has been dropping with equities & when equities have been dropping the dollar rises (for the first point) which is why it seems correlated as people pile into the dollar from equities, nothing to do with usd price.
Que Sera
  • #1,166,623
  • Apr 16, 2020 8:27am Apr 16, 2020 8:27am
eur trading below 20 sma and 100sma in 4H chart time, sell now 1.0880 ST 1.0940 take 1.0790
  • #1,166,624
  • Apr 16, 2020 8:31am Apr 16, 2020 8:31am
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  • #1,166,625
  • Apr 16, 2020 8:36am Apr 16, 2020 8:36am
i cannot buy this, so i am staying away
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  • #1,166,626
  • Apr 16, 2020 8:47am Apr 16, 2020 8:47am
Quoting Catempire
{quote} Mate with respect I’m not sure you could call it correlated in the slightest...
I am not saying EURUSD is correlated to BTCUSD, but rather negatively correlated to it. This is evident from the image I shared in a previous comment.
Learn from your mistakes and march on.
  • #1,166,627
  • Apr 16, 2020 8:54am Apr 16, 2020 8:54am
Miss that diversion.
Look at the little crooks inverted h&s pattern
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yes yes yes
  • #1,166,628
  • Apr 16, 2020 8:57am Apr 16, 2020 8:57am
Quoting Moty
Miss that diversion. Look at the little crooks inverted h&s pattern {image}
Lol you know them way better....

Deep down, we both know where they'll end up
I love your posting energy.. I haven't seen anyone sharing so much like you do..

BigUps
  • #1,166,629
  • Apr 16, 2020 9:06am Apr 16, 2020 9:06am
Quoting here2there
{quote} I am not saying EURUSD is correlated to BTCUSD, but rather negatively correlated to it. This is evident from the image I shared in a previous comment.
Dude taking 1 example isn’t enough to say there is any correlation up or down.

both the ftse & gold are up today... that doesn’t make them correlated.

as I’m saying when the markets drop, everything drops to begin with except the dollar that’s where the correlation will be.

gl trading
Que Sera
  • #1,166,630
  • Apr 16, 2020 9:10am Apr 16, 2020 9:10am
Quoting Catempire
{quote} Dude taking 1 example isn’t enough to say there is any correlation up or down. both the ftse & gold are up today... that doesn’t make them correlated. as I’m saying when the markets drop, everything drops to begin with except the dollar that’s where the correlation will be. gl trading
I didn't say they are correlated. Do you understand the difference between correlation and negative correlation?

And I am not basing this on one example. I have been following this for quite some time. You clearly don't know what you are talking about. Stop arguing.
Learn from your mistakes and march on.
  • #1,166,631
  • Apr 16, 2020 9:19am Apr 16, 2020 9:19am
Quoting here2there
{quote} I didn't say they are correlated. Do you understand the difference between correlation and negative correlation? And I am not basing this on one example. I have been following this for quite some time. You clearly don't know what you are talking about. Stop arguing.
Hi there,

CORRELATION is the word.

Negative or Positive is the difference

From what I could understand in your post, you saying both instruments are negatively correlated. (meaning when one goes up, the other goes down)
I personally don't trade BTC and would not know if it's negatively or positively correlated with EU

Anyway, are you looking to buy or sell EU?

SS
  • #1,166,632
  • Apr 16, 2020 9:22am Apr 16, 2020 9:22am
Quoting JayBag
{quote} Hi there, CORRELATION is the word. Negative or Positive is the difference From what I could understand in your post, you saying both instruments are negatively correlated. (meaning when one goes up, the other goes down) I personally don't trade BTC and would not know if it's negatively or positively correlated with EU Anyway, are you looking to buy or sell EU? SS
I am buying and selling, but currently buying.
Learn from your mistakes and march on.
  • #1,166,633
  • Apr 16, 2020 9:34am Apr 16, 2020 9:34am
Quoting JayBag
{quote} Lol you know them way better.... Deep down, we both know where they'll end up I love your posting energy.. I haven't seen anyone sharing so much like you do.. BigUps
Why they need to go up ?
Series of lh and ll at all timeframes.
Trend line is broken.
Yesterday low is broken.
Look at the price channel how it widen, the crooks are accumulating long's orders .
If i can bring back all the money i lost on that patterns,i would be a ruch man.
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yes yes yes
  • #1,166,634
  • Apr 16, 2020 9:40am Apr 16, 2020 9:40am
Quoting Moty
{quote} Why they need to go up ? Series of lh and ll at all timeframes. Trend line is broken. Yesterday low is broken. Look at the price channel how it widen, the crooks are accumulating long's orders . If i can bring back all the money i lost on that patterns,i would be a ruch man. {image}
You are right to call them 'crooks'.
Learn from your mistakes and march on.
  • #1,166,635
  • Apr 16, 2020 9:42am Apr 16, 2020 9:42am
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  • #1,166,636
  • Apr 16, 2020 9:43am Apr 16, 2020 9:43am
Quoting Moty
{quote} Why they need to go up ? Series of lh and ll at all timeframes. Trend line is broken. Yesterday low is broken. Look at the price channel how it widen, the crooks are accumulating long's orders . If i can bring back all the money i lost on that patterns,i would be a ruch man. {image}
Oh hell no way they taking this UP..
I have been short since yesterday.. (that doesn't decide direction)

I am supporting your bearish Idea.. We have room to cover down there.. they only wanna suck bulls in before dropping like a STONE

SS
  • #1,166,637
  • Apr 16, 2020 9:45am Apr 16, 2020 9:45am
So we got the 50% retrace on H1 supply and demand candle. It will be interesting to see what happens from here.

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Update: It's looking like it may plummet further.
Learn from your mistakes and march on.
  • #1,166,638
  • Apr 16, 2020 9:48am Apr 16, 2020 9:48am
Quoting here2there
So we got the 50% retrace on H1 supply and demand candle. It will be interesting to see what happens from here. {image}
Yes, there is strong resistance at 1.086. Lets se...
  • #1,166,639
  • Apr 16, 2020 9:55am Apr 16, 2020 9:55am
Never underestimate the power of USD ink.
Learn from your mistakes and march on.
  • #1,166,640
  • Apr 16, 2020 9:57am Apr 16, 2020 9:57am
Quoting here2there
Never underestimate the power of USD ink.
LMAO :-D
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