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EURUSD

  • #1,173,541
  • Jun 24, 2020 11:21am Jun 24, 2020 11:21am
more traders selling eur time to BUY
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  • #1,173,542
  • Jun 24, 2020 11:25am Jun 24, 2020 11:25am
Quoting Jakinthebox
more traders selling eur time to BUY {image}
Not good idea to buy at resistance. It's micro but still. To explain why... Why would you open buy when you are on resistance? Price from when I posted the chart, moved down for 8 pips so far. Why would anyone do such thing? Wouldn't be better to go sell with 2 pips SL and enjoy 8 pips profit? This thinking will only make your drawdown bigger. Found this as nonsense after 10+ years of trading.

SF
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  • #1,173,543
  • Jun 24, 2020 11:33am Jun 24, 2020 11:33am
Quoting Jakinthebox
more traders selling eur time to BUY {image}
sentiment analysis is a great tool, However this should not be used for entries
Master your mind. Master Trading.
  • #1,173,544
  • Jun 24, 2020 11:35am Jun 24, 2020 11:35am
Quoting SilentFather
{quote} Not good idea to buy at resistance. It's micro but still. To explain why... Why would you open buy when you are on resistance? Price from when I posted the chart, moved down for 8 pips so far. Why would anyone do such thing? Wouldn't be better to go sell with 2 pips SL and enjoy 8 pips profit? This thinking will only make your drawdown bigger. Found this as nonsense after 10+ years of trading. SF {image}
That's 5 minute chart ?
  • #1,173,545
  • Jun 24, 2020 11:47am Jun 24, 2020 11:47am
Quoting xkwisit2001
I dont normally post videos but this is one is for those getting whipsawed It's about our beloved market 'I will survive... Ohhh as long as I know how to TRADE' https://www.youtube.com/watch?v=ARt9HV9T0w8

4h seems to be holding quite well.

also bought kiwi... it has reach the daily center blue line bollinger band @6414.
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Trade what you see, take what the market gives you.
  • #1,173,546
  • Jun 24, 2020 11:50am Jun 24, 2020 11:50am
Update:

USDCAD bullish on a daily.
AUDUSD on a daily bearish.
NZDUSD bearish on a daily.
NZDCAD bearish on a daily.
EURUSD bearish on a daily.

Trading below Daily, the analysis are good for that day for couple of hours. Long term, to see where price will go, look at the monthly, weekly and daily.
  • #1,173,547
  • Jun 24, 2020 12:00pm Jun 24, 2020 12:00pm
I think we will see another run up after this-plays out to 1.134 still don't think this thing is heading down. I don't see anything bearish for the short term. At some point this is going to get near or test the 52 week high it's just a matter of when? is when now? probably not but another move upwards is what I'm thinking is going to play out.
  • #1,173,548
  • Jun 24, 2020 12:10pm Jun 24, 2020 12:10pm
i am
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looking at the possibility of a move towards 1.1350 as long as price remains above 1.1250.
  • #1,173,549
  • Jun 24, 2020 12:17pm Jun 24, 2020 12:17pm
trying best , not enough yet though usdx , apparent pa
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,173,550
  • Jun 24, 2020 12:24pm Jun 24, 2020 12:24pm
Quoting Techanalyst
{quote} That's 5 minute chart ?
Dear Techanalyst, it is not 5m chart. It is 90t chart. I mostly use 90t and 4H chart. So I see the bigger overview of the price and possible movements. Not sure if I should change it to 1H instead of 4H. This is not really done. But let's compare 5m, 1m and 90t chart. So you understand what I do and why.

As You can see, on 90t chart, you can see points where you can enter with drawdown low as possible, and get excellent RRR and that indicator will be also much more accurate. So it is used for entries.

Also adding a picture why ticks are great for entries with literally zero DD. People don't believe but well.. It is possible. Not saying it is easy tho!


!! People say that using such SL will make your account do the same DD as with SL 40 pips and TP 70. (Just an example). This is just wrong. If you do 10 bad trades with 2 pips SL, you will have -20 in total. This never happens. And even if this happens, you will do trade with another 2pips SL and enjoy for example 10-15 pips. If you trade londer TF, this can't just blow the account. But main thing, never do scalping. This is it, it is for fast entries with great RRR, and the trade CAN be longer. It should be. So ideal example is 2 pips SL with TP 80.

And sorry for long reply. Just wanted to explain and maybe help others if they want. As said before however, I trade for 10+ years. I have the feeling of chart and high/lows. This is needed. But I hope I helped.

SF
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  • #1,173,551
  • Jun 24, 2020 12:34pm Jun 24, 2020 12:34pm
Quoting SilentFather
{quote} Dear Techanalyst, it is not 5m chart. It is 90t chart. I mostly use 90t and 4H chart. So I see the bigger overview of the price and possible movements. Not sure if I should change it to 1H instead of 4H. This is not really done. But let's compare 5m, 1m and 90t chart. So you understand what I do and why. As You can see, on 90t chart, you can see points where you can enter with drawdown low as possible, and get excellent RRR and that indicator will be also much more accurate. So it is used for entries. Also adding a picture...

I dont think I have option for 90t chart...
damn this looks complicated but interesting. You live in america?? We need to get on the phone so you can explain better. XD.
Trade what you see, take what the market gives you.
  • #1,173,552
  • Jun 24, 2020 12:46pm Jun 24, 2020 12:46pm
Quoting VuLe
{quote} I dont think I have option for 90t chart... damn this looks complicated but interesting. You live in america?? We need to get on the phone so you can explain better. XD.
I'll do my best to explain. I have a plan to do it so don't worry! It's easy if you know price action.

SF
  • #1,173,553
  • Jun 24, 2020 1:18pm Jun 24, 2020 1:18pm
Oh my goodness look at eu. I don’t want to give back my profit!!!! 1.1250 looking slim.
1.1235 would be where I break even >.>... sl set to 1.1240. I want to keep atleast 5pip...

going to hbe to go through couple of pages now to look for my bear squad information . And if daily really break, I would have to go back and reapply my strategy on the bear.
Trade what you see, take what the market gives you.
  • #1,173,554
  • Jun 24, 2020 1:19pm Jun 24, 2020 1:19pm
Trend is not bearish and we are not under a resistance.
IMO it is the opposite
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  • #1,173,555
  • Jun 24, 2020 1:50pm Jun 24, 2020 1:50pm
Quoting Techanalyst
Update: USDCAD bullish on a daily. AUDUSD on a daily bearish. NZDUSD bearish on a daily. NZDCAD bearish on a daily. EURUSD bearish on a daily. Trading below Daily, the analysis are good for that day for couple of hours. Long term, to see where price will go, look at the monthly, weekly and daily.
I remember like 2 days ago... you said 1.1350 and down 100pip 1.1250... this has to be your doing!!!!!!
well now that its back down 100... can you tell it to go back up 200pip??
Trade what you see, take what the market gives you.
  • #1,173,556
  • Jun 24, 2020 1:57pm Jun 24, 2020 1:57pm
Quoting VuLe
{quote} I remember like 2 days ago... you said 1.1350 and down 100pip 1.1250... this has to be your doing!!!!!! well now that its back down 100... can you tell it to go back up 200pip??
HAHAH let's all jump on sell and push it down let's make money, until the economy recovers... how did you do with your trades so far any wins/losses?
  • #1,173,557
  • Jun 24, 2020 2:02pm Jun 24, 2020 2:02pm
Quoting Techanalyst
{quote} HAHAH let's all jump on sell and push it down let's make money, until the economy recovers... how did you do with your trades so far any wins/losses?
Was on a streak until now. I have sl below 1.1250... if it get stopped I would have only +5 pip for the day... as well as took an L last night -15pip on nzd news.. other than that I am very much positive . I just have high standard for myself.
Trade what you see, take what the market gives you.
  • #1,173,558
  • Jun 24, 2020 3:37pm Jun 24, 2020 3:37pm
I am looking to sell waiting for pullback
Master your mind. Master Trading.
  • #1,173,559
  • Jun 24, 2020 4:16pm Jun 24, 2020 4:16pm
Quoting SilentFather
{quote} Not good idea to buy at resistance. It's micro but still. To explain why... Why would you open buy when you are on resistance? Price from when I posted the chart, moved down for 8 pips so far. Why would anyone do such thing? Wouldn't be better to go sell with 2 pips SL and enjoy 8 pips profit? This thinking will only make your drawdown bigger. Found this as nonsense after 10+ years of trading. SF {image}
no arguments here if you try to get 8 pips then you are right my goal is 100 pips sl 30 pips r/r 1:3
  • #1,173,560
  • Jun 24, 2020 4:22pm Jun 24, 2020 4:22pm
Quoting princeali115
{quote} sentiment analysis is a great tool, However this should not be used for entries
time will prove
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