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EURUSD

  • #1,168,321
  • May 5, 2020 1:21am May 5, 2020 1:21am
Closed shorts in profit price bounced off my trendline
Master your mind. Master Trading.
  • #1,168,322
  • May 5, 2020 1:27am May 5, 2020 1:27am
Quoting PatienceFx
{quote} below 100 sma never buy even if your wife beats you daily mark day open price as a guide when taking a trade trade safe {image}
thanks for advice =))
  • #1,168,323
  • May 5, 2020 1:34am May 5, 2020 1:34am
Bearish zone below 1.0903
  • #1,168,324
  • May 5, 2020 1:40am May 5, 2020 1:40am
Quoting Walz
Bearish zone below 1.0903
I agree..

From these levels, I am looking to close first target at 1.051712 which is 500pips from last week's HIGH.. (An impulse would be highly appreciated)

Let's see how it goes..

SS
  • #1,168,325
  • May 5, 2020 1:57am May 5, 2020 1:57am
Variant 1
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  • #1,168,326
  • May 5, 2020 1:57am May 5, 2020 1:57am
Variant 2
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  • #1,168,327
  • May 5, 2020 1:58am May 5, 2020 1:58am
Careful buying my friends eur may fall
Master your mind. Master Trading.
  • #1,168,328
  • May 5, 2020 1:59am May 5, 2020 1:59am
Going for short.
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  • #1,168,329
  • May 5, 2020 2:03am May 5, 2020 2:03am
Quoting majorpears
Going for short. {image}
Short train still taking passengers lol

SS
  • #1,168,330
  • May 5, 2020 2:11am May 5, 2020 2:11am
Quoting JayBag
{quote} I agree.. From these levels, I am looking to close first target at 1.051712 which is 500pips from last week's HIGH.. (An impulse would be highly appreciated) Let's see how it goes.. SS
no government or ECB will allow its currency to go for a free fall

817 / 815 completes my tp1
  • #1,168,331
  • May 5, 2020 2:17am May 5, 2020 2:17am
Quoting PatienceFx
{quote} no government or ECB will allow its currency to go for a free fall 817 / 815 completes my tp1
Well, I guess they won't have a choice this time.. The charts (the people) already telling us a lot even before they decided on anything..

Let's just see how it all pans out..
Your target is reasonable

SS
  • #1,168,332
  • May 5, 2020 2:33am May 5, 2020 2:33am
Quoting JayBag
{quote} Well, I guess they won't have a choice this time.. The charts (the people) already telling us a lot even before they decided on anything.. Let's just see how it all pans out.. Your target is reasonable SS
just plot ATR 14 on chart

on weekly chart read the atr value, convert it into pips, that is the average range for current week

same on daily

fib this range ; i use 61.8% of this range as tp1 ; 100% as tp2 and in extreme and rare cases price goes outside this range
  • #1,168,333
  • May 5, 2020 2:36am May 5, 2020 2:36am
Quoting PatienceFx
{quote} just plot ATR 14 on chart on weekly chart read the atr value, convert it into pips, that is the average range for current week same on daily fib this range ; i use 61.8% of this range as tp1 ; 100% as tp2 and in extreme and rare cases price goes outside this range
so this chart is basically the weekly ATR value fibbed

rest depends on 100 sma as usual
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 33 KB
  • #1,168,334
  • May 5, 2020 2:40am May 5, 2020 2:40am
Quoting PatienceFx
{quote} just plot ATR 14 on chart on weekly chart read the atr value, convert it into pips, that is the average range for current week same on daily fib this range ; i use 61.8% of this range as tp1 ; 100% as tp2 and in extreme and rare cases price goes outside this range
Thanks P.. I will use your target levels for scalp targets and close the rest ..

I do not use ATR and to determine targets.. I measure them a bit differently. For EU, my measurement is 500 pips from last week's high (1.051712).

Will keep your tp1 in mind for those big lots trades.. then I let the little buildings run.


SS
  • #1,168,335
  • May 5, 2020 2:42am May 5, 2020 2:42am
i can tell you nothing good in this drop how it drops now the same way it will rise be careful.sure 4h is red now.line of channel h4 goes up not down,it needs time to turn this line down.
  • #1,168,336
  • May 5, 2020 2:42am May 5, 2020 2:42am
Quoting PatienceFx
{quote} so this chart is basically the weekly ATR value fibbed rest depends on 100 sma as usual {image}
on daily this is why i was using 902 - that is day open

price climbed to 915 just below 917 and fell

tp1 is 866 tp2 is 836

yesterday i closed my short at tp2 and price bounced, if you remember

its like a rubber band stretching away from 100 sma and then returning back to it
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 36 KB
  • #1,168,337
  • May 5, 2020 2:52am May 5, 2020 2:52am
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yes yes yes
  • #1,168,338
  • May 5, 2020 2:56am May 5, 2020 2:56am
for a newbie this template can be a money spinner

it teaches you when to trade and when to avoid

use macd and 100 sma for direction

use rising atr for trading trigger

when atr is dropping just sit back and enjoy your coffee
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 26 KB
  • #1,168,339
  • May 5, 2020 3:35am May 5, 2020 3:35am
haha thats pure big players manipulation
  • #1,168,340
  • May 5, 2020 3:38am May 5, 2020 3:38am
Quoting pridolfx
haha thats pure big players manipulation
We needed that to begin the bear party I guess..

SS
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