Disliked{quote} I am waiting for 1.12848 to join the bulls.. If that level is taken, then bears will have fun.. So until this happens, we can't rule them out just yet... Let's see how they behave around that handle.. StaySafeIgnored
StaySafe
- #1,173,422
- Jun 24, 2020 3:28am Jun 24, 2020 3:28am
{quote} No you are right, I had to mention technically, but the market doesn't care about levels if, it has to break and move to a direction, I am just in hurry when I trade and post in the forum. For the new traders they should know basics of how support and resistance works and fundamentals, Google is the best source for that{quote} I had to take a short scalp, out with +6 later I may ad some more, to the downside, EU is looking more cheap now.
- #1,173,423
- Jun 24, 2020 3:34am Jun 24, 2020 3:34am
Interestingly, Cable and Aussie are not in sync with euro. Both seem to be recovering. Could it be a leading indicator for euro? 
- #1,173,424
- Jun 24, 2020 3:40am Jun 24, 2020 3:40am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
{quote} Yeah I guess the "confirmation" you mentioned is your edge. And hopefully that edge has made you good money
Looking for profitable short term trades ...|
- #1,173,425
- Jun 24, 2020 3:42am Jun 24, 2020 3:42am
- Joined Oct 2014 | Status: Cooking | 1,484 Posts
{quote} I am really confused everytime I hear the word confirmation in market analysis. But I don't want to ask, and I don't want to argue. But why did I comment on your post? Maybe I want tos say something.. that the market never give confirmation just clue. Show obvious sign but never promise. Hint of direction but never guarantee. I guess I am just drunk. Why I am telling this. @ohcomeon where are you? Is it you who are posting while drunk? What did I type, what did I say? Is it really true that the word confirmation should never use? In order...
Looks typical fashion.
Asian consolidation, London fake out to trap retail traders and then reverse.
NY arrives and usually reverses again before things get ready for Asian consolidation.
Usually looks like a heartbeat.
I might be wrong but that's what I see most times from repetition.
But yes... Never confirmation lol
Let's Wick watch on the 30M........ Looks a good entry.
You can lead a horse to water, but you can't make it drink
- #1,173,426
- Jun 24, 2020 3:45am Jun 24, 2020 3:45am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
Interestingly, Cable and Aussie are not in sync with euro. Both seem to be recovering. Could it be a leading indicator for euro?
Looking for profitable short term trades ...|
- #1,173,428
- Jun 24, 2020 3:53am Jun 24, 2020 3:53am
- Joined Oct 2014 | Status: Cooking | 1,484 Posts
{quote} Yes, I see the London fake out happening quite often too. But whether it's a real fake out depends on several things... Like how much more space it has to go before the next major s/r, what the prevailing trend was, how significant the previous range it broke out from was...
True but 50, 100 & 200EMA can sure help filter the noise.
Add all 3 and tell me what you see
- The wicks tell a story.
You can lead a horse to water, but you can't make it drink
- #1,173,432
- Jun 24, 2020 4:02am Jun 24, 2020 4:02am
- Joined Oct 2014 | Status: Cooking | 1,484 Posts
The market is being very unpredictable now. First thing I wanted to understand why EUR is bullish. Now if its bullish why all of a sudden it's dropping? Fakeout?? May be there's something that doesn't confirm the outcome of the investment in the EU market.
Try adding 50,100 & 200EMA to your chart.
You'll see on 15M it bounces off 200EMA, On 30M bounces off 100EMA & on 1HR bounces off 50EMA.
Trade away from them and you might just make some green pips.
You can lead a horse to water, but you can't make it drink
- #1,173,433
- Jun 24, 2020 4:04am Jun 24, 2020 4:04am
{quote} True but 50, 100 & 200EMA can sure help filter the noise. Add all 3 and tell me what you see
- #1,173,434
- Jun 24, 2020 4:10am Jun 24, 2020 4:10am
- Joined Aug 2016 | Status: Trader | 10,376 Posts
Flat and watching...... No bias.... I ll be a buyer at 1.13 23 ON STOP. BIG. IF it happens.
- #1,173,435
- Jun 24, 2020 4:13am Jun 24, 2020 4:13am
- Joined Oct 2014 | Status: Cooking | 1,484 Posts
{quote} I actually hardly touch indicators. I get very confused when there are too many lines and stuff on my screen. I usually only use 200SMA in the daily timeframe to be careful when it approaches that zone since 200SMA is universally known and used.
So just adding a few lines helps me lol... each to their own.
However, I have mine looking like UK traffic lights.
The deeper price goes into the MA's the more I look to trade there.
As long as it doesn't break 200EMA I'll trade the trend direction.
See 30M chart below. Bounce off 50EMA yesterday then bounce off 100EMA today.
Got pivots too to help me out.
Not saying market IS going to go up but we can only play the cards we are dealt and thats what I'm doing.
Notice, those EMA's are nice areas to put stop loss.
EDIT: Lets see if 200EMA (Red Line) can keep bears at bay
You can lead a horse to water, but you can't make it drink
- #1,173,438
- Jun 24, 2020 4:25am Jun 24, 2020 4:25am
- Joined Oct 2014 | Status: Cooking | 1,484 Posts
If 30M 200EMA (red line) holds I'm staying long. If breaks, then sidelines and I'll wait on 4HR.
You can lead a horse to water, but you can't make it drink
- #1,173,439
- Jun 24, 2020 4:28am Jun 24, 2020 4:28am
If 30M 200EMA (red line) holds I'm staying long. If breaks, then sidelines and I'll wait on 4HR. {image}
From how I see it, it stopped perfectly at Monday's high. Resistance turned support
