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  • #1,166,761
  • Apr 18, 2020 12:07pm Apr 18, 2020 12:07pm
Quoting Maxjoy
Any thoughts on this scenario...? {image}
Why 1.030 though?
I'm enjoying the wins because I was once terrified by loses
  • #1,166,762
  • Apr 18, 2020 12:12pm Apr 18, 2020 12:12pm
Quoting Erto
{quote} Why 1.030 though?
Thats the next Fib. level down - 261.
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #1,166,763
  • Apr 18, 2020 3:07pm Apr 18, 2020 3:07pm
Quoting Techanalyst
COT reports are out. Bullish are in favor. Adding more longs and holding it for longer term. Trade safe. {file} {image}
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File Type: xlsx COTEUR.xlsx   11 KB | 262 downloads
  • #1,166,764
  • Apr 18, 2020 6:11pm Apr 18, 2020 6:11pm
Quoting Techanalyst
{quote} . {file}

if only it was that easy
  • #1,166,765
  • Apr 18, 2020 8:37pm Apr 18, 2020 8:37pm
The outer degree ending diagonal triangle crossed it's lower trend line as it passed from D to E buy position. In the lower time frame the waves have formed another ending diagonal with with E buy position over the lower trend line confirmed by a double dip of the trend line and moved up 75 points in a new run that looks like it's in wave 4. Looks like good signals for buying. I'll try and get a buy order in Sunday around 0850 if the chance arises. A break of the lows will invalidate these signs of possible strength for the mid term.

I can see the wave structure of gbp usd and it's pointing me to 0.8888. So I won't be surprised to see euro fail down more after this little show of strength fades away.

Looking for move up to 1.10666 and failure down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 46 KB
Founder of Sutherland Wave Principle
  • #1,166,766
  • Apr 18, 2020 9:03pm Apr 18, 2020 9:03pm
Quoting suthmo
The outer degree ending diagonal triangle crossed it's lower trend line as it passed from D to E buy position. In the lower time frame the waves have formed another ending diagonal with with E buy position over the lower trend line confirmed by a double dip of the trend line and moved up 75 points in a new run that looks like it's in wave 4. Looks like good signals for buying. I'll try and get a buy order in Sunday around 0850 if the chance arises. A break of the lows will invalidate these signs of possible strength for the mid term. I can see the...
I had this last week. The overall direction will be the opposite of yours
you see GBPUSD to 0.888? can you show us your wave count?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 41620209.png Size: 37 KB
  • #1,166,767
  • Apr 18, 2020 9:49pm Apr 18, 2020 9:49pm
Quoting ace228
{quote} if only it was that easy
Who said it was easy? It is a tool to use for trading. Think before you speak, rookie.
  • #1,166,768
  • Edited 11:02pm Apr 18, 2020 10:51pm | Edited 11:02pm
Bitscam has pumped and may continue to pump some more before dumping (common routine). BTCUSD is currently negatively correlated with EURUSD (despite what some uninformed people around here might say). Having said that, if Bitscam continues to pump, then I expect EURUSD to move more towards the downside before making any significant moves to the upside.
Learn from your mistakes and march on.
  • #1,166,769
  • Apr 19, 2020 1:13am Apr 19, 2020 1:13am
Quoting here2there
Bitscam has pumped and may continue to pump some more before dumping (common routine). BTCUSD is currently negatively correlated with EURUSD (despite what some uninformed people around here might say). Having said that, if Bitscam continues to pump, then I expect EURUSD to move more towards the downside before making any significant moves to the upside.
Don't even mention BTC in the same sentence as FX. Worlds apart. It's like comparing FX and penny stocks.
  • #1,166,770
  • Apr 19, 2020 2:31am Apr 19, 2020 2:31am
Quoting investing101
{quote} Don't even mention BTC in the same sentence as FX. Worlds apart. It's like comparing FX and penny stocks.
It's called negative correlation, and it's quite helpful. You've been on here since 2009. You should understand this by now. Think outside of the box.
Learn from your mistakes and march on.
  • #1,166,771
  • Apr 19, 2020 3:39am Apr 19, 2020 3:39am
Quoting here2there
{quote} It's called negative correlation, and it's quite helpful. You've been on here since 2009. You should understand this by now. Think outside of the box.
I can understand his point of view

I haven't seen a stable correlation between bitcoin and eurusd

But do you have any numbers? on which tf ?

If so, i'll do it, just to see what i miss
COT: The precious data ignored
  • #1,166,772
  • Apr 19, 2020 6:45am Apr 19, 2020 6:45am
This is my view for next week.

1hr and 4hr charts. Kindly zoom it if you need.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot (63).png Size: 439 KB
  • #1,166,773
  • Apr 19, 2020 7:07am Apr 19, 2020 7:07am
Quoting kuroro001
{quote} I can understand his point of view I haven't seen a stable correlation between bitcoin and eurusd But do you have any numbers? on which tf ? If so, i'll do it, just to see what i miss
I have already provided evidence of negative correlation between BTCUSD and EURUSD. It's not my job to convince people to accept it. If you or anyone else can't see it, then that's not my problem. What is a problem is people whining about me mentioning it and trying to dictate what I can or can't post in here.
Learn from your mistakes and march on.
  • #1,166,774
  • Apr 19, 2020 7:15am Apr 19, 2020 7:15am
Quoting here2there
{quote} I have already provided evidence of negative correlation between BTCUSD and EURUSD. It's not my job to convince people to accept it.
True then, that's why i won't bother looking at it

Enjoy the week end
COT: The precious data ignored
  • #1,166,775
  • Apr 19, 2020 7:17am Apr 19, 2020 7:17am
Quoting kuroro001
{quote} True then, that's why i won't bother looking at it...
That's your choice.

It makes no difference to me.
Learn from your mistakes and march on.
  • #1,166,776
  • Apr 19, 2020 7:20am Apr 19, 2020 7:20am
Quoting here2there
{quote} I have already provided evidence of negative correlation between BTCUSD and EURUSD. It's not my job to convince people to accept it. If you or anyone else can't see it, then that's not my problem. What is a problem is people whining about me mentioning it and trying to dictate what I can or can't post in here.
Not sure what proof did you show, according to the chart and analysis overall, there is absolutely no correlation between bitcoins, crypto and currencies. Absolutely none, zero.

What is Bitcoin correlated to?
Bitcoin price charts reveal an inverse correlation to the S&P 500 index over the past two years at times, and particularly during summer 2019. In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD.png Size: 153 KB
  • #1,166,777
  • Apr 19, 2020 7:27am Apr 19, 2020 7:27am
Quoting here2there
{quote} That's your choice. It makes no difference to me.
I just looked because you went annoying with it

Over the last 4 years....correlation is -8,3%. Meaning ? no correlation at all

At least i looked at it and know i will never look at the bitcoin to trade the euro.

Cheers
COT: The precious data ignored
  • #1,166,778
  • Apr 19, 2020 7:33am Apr 19, 2020 7:33am
My top down analysis of eurusd:
Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #1,166,779
  • Apr 19, 2020 7:38am Apr 19, 2020 7:38am
Quoting Techanalyst
{quote} Not sure what proof did you show, according to the chart and analysis overall, there is absolutely no correlation between bitcoins, crypto and currencies. Absolutely none, zero. What is Bitcoin correlated to? Bitcoin price charts reveal an inverse correlation to the S&P 500 index over the past two years at times, and particularly during summer 2019. In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. {image}
I did not say it is correlated but negatively correlated. And you can't just pull up a single chart to know this.
Learn from your mistakes and march on.
  • #1,166,780
  • Apr 19, 2020 7:41am Apr 19, 2020 7:41am
Quoting kuroro001
{quote} I just looked because you went annoying with it...
Actually, the people who keep whining about me talking about BTCUSD being negatively correlated to EURUSD are the ones who are being annoying.
Learn from your mistakes and march on.
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