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EURUSD

  • #1,169,561
  • May 13, 2020 9:26am May 13, 2020 9:26am
Quoting mistaouting
to meet it makes sense fundamentally why the eruo would go down...but my charts tells me its going up....WATCH OUT BEARS tread carefully
I wonder if 0842 act as support would be nice if it was 0850...it keeps testing that 0875 level it almost broke this time...maybe it gives next time in a couple days followed buy that big drop after a couple days....cant wait to see what happens
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  • #1,169,562
  • May 13, 2020 9:27am May 13, 2020 9:27am
Quoting Techanalyst
EURGBP resistance broken. I have buy position. Will keep a look on it, to see if it is going to get to where I placed my TP. If it does not get there, I will close the profit manually. {image}
My position on this pair was already closed in profit. Actually, I found that out when I woke up this morning! Nice thing to wake up to!
Learn from your mistakes and march on.
  • #1,169,563
  • May 13, 2020 9:32am May 13, 2020 9:32am
Quoting mistaouting
{quote} I wonder if 0842 act as support would be nice if it was 0850...it keeps testing that 0875 level it almost broke this time...maybe it gives next time in a couple days followed buy that big drop after a couple days....cant wait to see what happens
It's possible it could go back up near 1.09 (in the short term).
Likely? I don't think so. Possible? Yes.
And that's the thing about technical analysis, it doesn't deal in absolutes but probabilities. Making a wrong call doesn't make a bad trader. Just a wrong call. Some people don't seem to get that. They have unreasonable expectations of others.
Learn from your mistakes and march on.
  • #1,169,564
  • May 13, 2020 9:36am May 13, 2020 9:36am
Quoting JayBag
{quote} Just a reasonable size H2T.. i get more free margin with other pairs in profits.. Bottom line, MM still my best bet StaySafe
Yes, MM is important. Money Management AND Mind Management.

TRO has a YouTube video where uses 1 line (I forget if it just horizontal line or a MA) and trades the breakout. I tested it and SURPRIZE - it is profitable. But not enough for me.
Ecclesiastes 1:9
  • #1,169,565
  • May 13, 2020 9:41am May 13, 2020 9:41am
Quoting Techanalyst
EURGBP resistance broken. I have buy position. Will keep a look on it, to see if it is going to get to where I placed my TP. If it does not get there, I will close the profit manually. {image}
IMO it is too early to buy since the candle is not yet finished. I am going to buy once the candle settles in that area
  • #1,169,566
  • May 13, 2020 9:41am May 13, 2020 9:41am
Quoting newbegger
{quote} Yes, MM is important. Money Management AND Mind Management. TRO has a YouTube video where uses 1 line (I forget if it just horizontal line or a MA) and trades the breakout. I tested it and SURPRIZE - it is profitable. But not enough for me.
I have to agree..
If it's not enough, then it could be better maybe..

SS
  • #1,169,567
  • May 13, 2020 9:47am May 13, 2020 9:47am
Quoting here2there
{quote} It's possible it could go back up near 1.09 (in the short term). Likely? I don't think so. Possible? Yes. And that's the thing about technical analysis, it doesn't deal in absolutes but probabilities. Making a wrong call doesn't make a bad trader. Just a wrong call. Some people don't seem to get that. They have unreasonable expectations of others.
Market always in no hurry. We are the one rushing
Fundamental provide Volume, Technical shows Direction
  • #1,169,568
  • May 13, 2020 9:47am May 13, 2020 9:47am
Quoting newbegger
{quote} Yes, MM is important. Money Management AND Mind Management. TRO has a YouTube video where uses 1 line (I forget if it just horizontal line or a MA) and trades the breakout. I tested it and SURPRIZE - it is profitable. But not enough for me.
Who is TRO? Please share a link to the strategy. I am curious.
Learn from your mistakes and march on.
  • #1,169,569
  • May 13, 2020 9:48am May 13, 2020 9:48am
Quoting LucasT
{quote} Market always in no hurry. We are the one rushing
Truth!
Learn from your mistakes and march on.
  • #1,169,570
  • May 13, 2020 9:48am May 13, 2020 9:48am
Quoting LifeTrading
Variant 1 {image}
An other entry buy opportunity 1.08536 SL 20 points.
  • #1,169,571
  • May 13, 2020 9:50am May 13, 2020 9:50am
Tempted to go long Euro - can't see structure really
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #1,169,572
  • May 13, 2020 9:52am May 13, 2020 9:52am
Quoting Babsteve
{quote} HI Bobcam, Please go to school here https://www.babypips.com/learn . Best of luck.
Thank You Sir!
  • #1,169,573
  • May 13, 2020 9:56am May 13, 2020 9:56am
Quoting here2there
{quote} It's possible it could go back up near 1.09 (in the short term). Likely? I don't think so. Possible? Yes. And that's the thing about technical analysis, it doesn't deal in absolutes but probabilities. Making a wrong call doesn't make a bad trader. Just a wrong call. Some people don't seem to get that. They have unreasonable expectations of others.
absolutely agree that bad calls come with the job...really bad calls not so much lol

I wouldn't write off 0900 until there is significant price action below 0840 or the with my take on the daily close..and as I type she is pushing the 0840 level...making 0900 look further away
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  • #1,169,574
  • May 13, 2020 9:58am May 13, 2020 9:58am
Quoting LucasT
{quote} Market always in no hurry. We are the one rushing
And the minute we understand that, it becomes a lot easier

SS
  • #1,169,575
  • May 13, 2020 9:58am May 13, 2020 9:58am
Quoting mistaouting
{quote} absolutely agree that bad calls come with the job...really bad calls not so much lol I wouldn't write off 0900 until there is significant price action below 0840 or the with my take on the daily close..and as I type she is pushing the 0840 level...making 0900 look further away
It's important to keep the big picture in mind. EURUSD is still in a bear's market.
Learn from your mistakes and march on.
  • #1,169,576
  • May 13, 2020 9:59am May 13, 2020 9:59am
Quoting enarco
{quote} I do not use it for currencies but based on the math that computes it, it can be used as a trend following indicator. If RSI remains above 50 for a long or below 50 for a short ie...bounces off the 50 its supporting a trend. But the math in that scenario is simply stating that in the time periods you have selected the price is closing in the upper half ....on average...in the candle time frame. Or in the case of a short its closing in the lower half of the periods trading range....on average. ie RSI 14 and you are long using candle sticks....
I see... i think i need to study and learn more about it
thank you so much tho appreciate it man
  • #1,169,577
  • May 13, 2020 10:01am May 13, 2020 10:01am
Quoting here2there
{quote} It's important to keep the big picture in mind. EURUSD is still in a bear's market.
I can't stress this enough!
  • #1,169,578
  • May 13, 2020 10:05am May 13, 2020 10:05am
Lets give it a go- long
Just a scalp

https://www.tradingview.com/x/5L2BqMW5/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #1,169,579
  • May 13, 2020 10:11am May 13, 2020 10:11am
As an aside, EURGBP finally appears to be running out of steam. Time to look for and build on short positions.
Learn from your mistakes and march on.
  • #1,169,580
  • May 13, 2020 10:19am May 13, 2020 10:19am
Quoting here2there
{quote} It's important to keep the big picture in mind. EURUSD is still in a bear's market.
I agree its been a bear market from several years now...

but there is a trend within a trend within a trend within trend....guess it depends on your trading type...I'm not a position trader i more or less trade the trends within the trends if that's a thing lol typically largest timeframe is would us is the daily but I don't trade off it. I enter trades of the H1 and less....I will swing trade if I am confident in direction and was able to lock in profit on the position....

looks like 0840 holding....however its being tested...and tested strongly

edit: I have no dog in the fight yet..i closed long positions a while ago...so ill go where market takes...but right now im still bullish and pending price action in the next H4 may remain
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