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  • #1,170,001
  • May 17, 2020 11:37pm May 17, 2020 11:37pm
Quoting PatienceFx
{quote} waiting for price to go down and kiss the bride [ h1 50 sma ] {image}
after that it may run to daily 50 sma
  • #1,170,002
  • May 18, 2020 12:01am May 18, 2020 12:01am
h4 bride slipped, now my eyes are on h1 50 sma
Attached Image
  • #1,170,003
  • Edited 12:24am May 18, 2020 12:04am | Edited 12:24am
Latelly and after the story with Covid-19 EU has become more predictable for the traders and when the news stories come out I see spikes up for quick profits, so I think that these traders don't look for longer term moves up and the prices comes back down from profit taking usually at US market hours, in bigger timeframes the price action is bearish, so it must move further down.

Technically support is at 1.0780 and resistance at 1.0850 still in a range.
Looking for profitable short term trades ...|
  • #1,170,004
  • May 18, 2020 12:09am May 18, 2020 12:09am
Quoting Js3mwtRc
Latelly and after the story with Covid-19 EU has become more predicatable for the traders and when the news stories come out I see spikes up for quick profits, so I think that these traders don't look for longer term moves up and the prices comes back down from profit taking usually at US market hours, in bigger timeframes the price action is bearish, so it must move further down. Technically support is at 1.0780 and resistance at 1.0850 still in a range.
whatever the situation h1 50 sma will always be kissed and will always start a new trade [ entry point for swings ]
Attached Image
  • #1,170,005
  • May 18, 2020 12:27am May 18, 2020 12:27am
Quoting PatienceFx
{quote} whatever the situation h1 50 sma will always be kissed and will always start a new trade [ entry point for swings ] {image}
Monday and slow price action can make this trade a torture
Looking for profitable short term trades ...|
  • #1,170,006
  • May 18, 2020 12:28am May 18, 2020 12:28am
Quoting Js3mwtRc
Latelly and after the story with Covid-19 EU has become more predictable for the traders and when the news stories come out I see spikes up for quick profits, so I think that these traders don't look for longer term moves up and the prices comes back down from profit taking usually at US market hours, in bigger timeframes the price action is bearish, so it must move further down. Technically support is at 1.0780 and resistance at 1.0850 still in a range.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 28 KB
  • #1,170,007
  • May 18, 2020 12:38am May 18, 2020 12:38am
Quoting PatienceFx
{quote} {image}
1.0900 has hold the price down two times now - strong resistance and EU will have to release some momentum yet according the news forecasts, but when this currency is breaking up or, down then it doesn't respect news, I see it more down, Powell may bring down US Dollar but not so much.
Looking for profitable short term trades ...|
  • #1,170,008
  • May 18, 2020 12:41am May 18, 2020 12:41am
Quoting PatienceFx
{quote} whatever the situation h1 50 sma will always be kissed and will always start a new trade [ entry point for swings ] {image}
are you selling to the price that you want to buy?
  • #1,170,009
  • May 18, 2020 12:47am May 18, 2020 12:47am
Quoting Js3mwtRc
{quote} Monday and slow price action can make this trade a torture
correct, i quit
  • #1,170,010
  • May 18, 2020 12:50am May 18, 2020 12:50am
using sma14 MTF ; boring day
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 31 KB
  • #1,170,011
  • May 18, 2020 12:57am May 18, 2020 12:57am
Quoting PatienceFx
using sma14 MTF ; boring day {image}
Yes, for me a better strategy is to fade any move up or down, but first the price has to move and the Fridays high is a good option to check. This move may happen at 9:00 to 13:00 GMT until then patience.
Looking for profitable short term trades ...|
  • #1,170,012
  • May 18, 2020 1:01am May 18, 2020 1:01am
Inserted Video
  • #1,170,013
  • May 18, 2020 2:15am May 18, 2020 2:15am
Quoting princeali115
{quote} Do you really not understand what he is saying here ??
yes, he did say, do not use only charts in your trading, use also news
dollar did get bad news and dollar get stronger
so how should i use news in trading?
educate me, please
  • #1,170,014
  • May 18, 2020 2:32am May 18, 2020 2:32am
Quoting juhanimi
{quote} yes, he did say, do not use only charts in your trading, use also news dollar did get bad news and dollar get stronger so how should i use news in trading? educate me, please
You should know that times when risk hits the markets and the traders afraid to buy any other assets, they move their money to US Dollar, this is a good website to learn more about, it just needs time to study and you will become better:

DailyFX
Looking for profitable short term trades ...|
  • #1,170,015
  • May 18, 2020 2:39am May 18, 2020 2:39am
Quoting Js3mwtRc
{quote} You should know that times when risk hits the markets and the traders afraid to buy any other assets, they move their money to US Dollar, this is a good website to learn more about, it just needs time to study and you will become better: DailyFX
i saw from your posts that we have the same thoughts about direction, so maybe charts is telling same story without any other information needed
  • #1,170,016
  • May 18, 2020 2:43am May 18, 2020 2:43am
playing field H1

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 60 KB
  • #1,170,017
  • May 18, 2020 3:23am May 18, 2020 3:23am
Quoting juhanimi
playing field H1 {image}
Are the volumes data from lower timeframe?
Looking for profitable short term trades ...|
  • #1,170,018
  • May 18, 2020 3:28am May 18, 2020 3:28am
Quoting Js3mwtRc
{quote} Are the volumes data from lower timeframe?
no
  • #1,170,019
  • May 18, 2020 3:52am May 18, 2020 3:52am
Morning Everyone,

It's a new week and I do not think alot changed.. UJ's position is telling me we may not get retrace on EU this week.. UJ is positioned in a space it could fly for free..
So I'd be extremely careful buying EU. (Not like I will ever buy this pair till a certain level)

Not much of correlation but since dollar is king, it may count as something..
Let's see how much lower we do this week..

Lastly, anything below 1.0783 will be extremely good for bears ..
StaySafe
  • #1,170,020
  • May 18, 2020 3:53am May 18, 2020 3:53am
Last 2 weeks of the month usually very volatile ... Let's take advantage

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