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EURUSD

  • #1,176,461
  • Jul 29, 2020 7:29am Jul 29, 2020 7:29am
Cleaner and leaner charts than usual. Doing more with less?

KP

Quoting PatienceFx
{quote} long story short, price at decision point fed cannot increase rates, they may make it 0.1 if there is a $1 trillion stimulus announced then a decent drop {image}
Do your homework, follow the footprints of smart money
  • #1,176,462
  • Jul 29, 2020 7:32am Jul 29, 2020 7:32am
Quoting Techanalyst
{quote} Vule, please do not apologize and if you can keep the post. Do not delete it. It is a good lesson and education for new traders and for all of us. You do not need to apologize to anyone. You possibly saved a lot of new traders right at this moment.
:/. Yeah, I feel bad if, for anyone that actually took the trade and sold at 1.1600 with sl 100-150pip. Is probably out now.
But, I am not too good with calling out people. I am not into arguments or dramas. If I continue, it would spark a lot of nonsense talking. Lets move on from here and just back to trading and sharing xD.
Trade what you see, take what the market gives you.
  • #1,176,463
  • Jul 29, 2020 7:33am Jul 29, 2020 7:33am
Quoting SashaP
{quote} Im down 18 pip in 2 weeks,you follow every single post i make, still asking about 10k)240 x 18= $4320
I don't follow anyone's every post. Alright, I hope you get back that $4,320 and make more money.
  • #1,176,464
  • Jul 29, 2020 7:33am Jul 29, 2020 7:33am
Quoting khalid33
Thanks to those who are very concern about my 200 pips stop. anyway im holding euro short 1.1730 on average with 1.1950 stop targeting 1.10 & 1.06 & .95 .. etc on the long term and im wondering why my trade makes some traders so angry ?!!!! {image}
What about this...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.....Monthly.png Size: 65 KB
  • #1,176,465
  • Jul 29, 2020 7:35am Jul 29, 2020 7:35am
Quoting khalid33
Thanks to those who are very concern about my 200 pips stop. anyway im holding euro short 1.1730 on average with 1.1950 stop targeting 1.10 & 1.06 & .95 .. etc on the long term and im wondering why my trade makes some traders so angry ?!!!! {image}
my goodness... this is the most beautiful thing I have seen. My eyes are enlighten xD
I trade on my phone and I did not zoom out on the monthly.... that is some sick trend line!
Trade what you see, take what the market gives you.
  • #1,176,466
  • Jul 29, 2020 7:40am Jul 29, 2020 7:40am
Quoting Techanalyst
{quote} What about this... {image}

omg, that is some sick chart too!!!! Lol. Now I am stuck in between.... Jk.

according to both you and Khalid. Let assume this...

currently Euro announce their stimulus package and date and created a huge upswing over the last 2 weeks. While USd have yet to said anything. Today could really decide the break or reverse.

usd did say they claim to have 2nd stimlus pckage already but will be talked about during the press conference. So this is going to be a crazy outcome. Wherher we drop or we jump. I am not trading until last minute. I am neutral right now. 1:59 is where I will decide if I am team Khalid or team Techanalyst
Trade what you see, take what the market gives you.
  • #1,176,467
  • Jul 29, 2020 7:42am Jul 29, 2020 7:42am
Very much agreed with @techanalyst though. Apart from being useful for learning purpose, we all need to always remember that we deal in probabilities and that we are not always right.

Stay safe, trade safe.

KP

Quoting VuLe
{quote} :/. Yeah, I feel bad if, for anyone that actually took the trade and sold at 1.1600 with sl 100-150pip. Is probably out now. But, I am not too good with calling out people. I am not into arguments or dramas. If I continue, it would spark a lot of nonsense talking. Lets move on from here and just back to trading and sharing xD.
Do your homework, follow the footprints of smart money
  • #1,176,468
  • Jul 29, 2020 7:48am Jul 29, 2020 7:48am
Quoting khalid33
Thanks to those who are very concern about my 200 pips stop. anyway im holding euro short 1.1730 on average with 1.1950 stop targeting 1.10 & 1.06 & .95 .. etc on the long term and im wondering why my trade makes some traders so angry ?!!!! {image}
is 1950 outside your channel?

I would consider it a trend reversal to bullish long term if you get a weekly close about 1810
LOCK IN RE-ENTER
  • #1,176,469
  • Jul 29, 2020 7:48am Jul 29, 2020 7:48am
Can anybody name some app to get pivot points. In the chart it should draw and show it clearly.
  • #1,176,470
  • Jul 29, 2020 7:56am Jul 29, 2020 7:56am
Quoting VuLe
{quote} now I am more confident lol... I took another small buy at 1.1723. I still have my 1.1748 buy in whch I should have gotten out seeing that I miss the double top 1.1770. I may just exit here at 1.1730. Need to sit out until fomc {image}

good job on your macd call @PatienceFX. Now I average positive +12pip but its like .2lot lol so thanks for the $24

edit* exit $26
Trade what you see, take what the market gives you.
  • #1,176,471
  • Jul 29, 2020 8:01am Jul 29, 2020 8:01am
Quoting PatienceFx
{quote} long story short, price at decision point fed cannot increase rates, they may make it 0.1 if there is a $1 trillion stimulus announced then a decent drop {image}
had to look deeper to see why your macd didn't look like mine!
LOCK IN RE-ENTER
  • #1,176,472
  • Jul 29, 2020 8:01am Jul 29, 2020 8:01am
For my trade heads: Eur/usd The next bull should be epic. This will be hard to comprehend but triple 5th wave is loading. Bull is gonna go far, this is the time to make more profit than ever. Extending wave 3 of 5 of 5 of 3 of 7. Next pullback into 4 and then Eur/usd will be in 5 of 5 of 5 of 3 of 7. in the not Elliot wave principle 5 is typically the longest wave and 3 of them inside each other if I'm not mistaken... Stay long.
Founder of Sutherland Wave Principle
  • #1,176,473
  • Jul 29, 2020 8:01am Jul 29, 2020 8:01am
Looking back to 2008, this run up does look like it's about done... It'll be a breakout if it's not...
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd-7-26-20.jpg Size: 525 KB
  • #1,176,474
  • Jul 29, 2020 8:01am Jul 29, 2020 8:01am
Good progress there mate. Now, hold what you've got until you have a high quality setup.

KP

Quoting VuLe
{quote} good job on your macd call @PatienceFX. Now I average positive +12pip but its like .2lot lol so thanks for the $24 edit* exit $26
Do your homework, follow the footprints of smart money
  • #1,176,475
  • Jul 29, 2020 8:07am Jul 29, 2020 8:07am
EURUSD intra-day momentum is flat, check your H4 tf, as price action is sideways at the 1.17060/1.17650 zone, a horizontal resistance area..

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #1,176,476
  • Jul 29, 2020 8:11am Jul 29, 2020 8:11am
I've seen charts which points to 0.85 and to 1.4 in the short period of time. Nice, fancy charts, at both of them you could see that "it's obvious" that the price will go to there and there. When someone posts a chart with an attitude "look at mine, mine is better, bigger whatever.." that's childish and funny. RR ratio and MM are the only useful tools which we retail traders have, it's not glamorous I know. I remember when some were calling for 1.2 when euro went down to 1.065 in March and many were laughing. When euro was at 1.25 in early 2018 some were calling for deep down < 1.10..and still many were laughing. Nobody believed in early 2012 when some were calling for UJ to 120 either. That's it, some are making money and some are laughing. Speaking of euro, it could go to 1.5 or to 0.8 or stay in tight range for years, no chart could confirm 100% where it will go for sure, so no chart is better than the other one. MM and RR (and some luck) will bring the difference. That's what my experience says, no intention to disrespect anyone. As for now, RR points to downside, one could build short positions and waiting for drop or could join the present trend and go with the flow. I preffer to start selling. If I'm wrong and this goes to over 1.2 will stop selling and wait. Good luck to anyone here.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #1,176,477
  • Jul 29, 2020 8:15am Jul 29, 2020 8:15am
when the bough breaks.....

watching resistance which has held price down past couple days....perfect storm...it hits big resistance days before fed meeting and volume was down....now we are sitting here like which way will will it go...

well if price breaks 1810...."when the bough breaks, the cradle will fall"

I think the consensus is bullish...but I can understand guys with bearish bias....but you want catch me avg. in shorts .....I would wait for conformation before doing so...

If anyone thinks the euro is going to drop this huge amount....im sure you could wait for conformation on the drop before building a short postion.....1k pip drop you could wait and miss 2 days of the move down.....what's that possibly 200-300 pips you might miss on 1k pip move...better than giving away 200-300 pips
LOCK IN RE-ENTER
  • #1,176,478
  • Jul 29, 2020 8:17am Jul 29, 2020 8:17am
Today the usd value will fall which will be benefited for the euros.
  • #1,176,479
  • Jul 29, 2020 8:19am Jul 29, 2020 8:19am
Quoting bikov
I've seen charts which points to 0.85 and to 1.4 in the short period of time. Nice, fancy charts, at both of them you could see that "it's obvious" that the price will go to there and there. When someone posts a chart with an attitude "look at mine, mine is better, bigger whatever.." that's childish and funny. RR ratio and MM are the only useful tools which we retail traders have, it's not glamorous I know. I remember when some were calling for 1.2 when euro went down to 1.065 in March and many were laughing. When euro was at 1.25 in early 2018...

it isnt about the call. People on this forum, especially this thread are scalpers and swing traders but not long term retirement traders. I can just throw out numbers and it would probably hit within a year or several years from now and come back and be like, who’s laughing now? The thing is you can see majority on here enter and exit within a day or several day. That leaves it to narrow down the current market movement. And not looking at a 500-5000pip run in a 10year trade... you get what I mean? Like Techanalyst and Khalid will be correct.. eventually we’ll touch 1.10600 and eventually will touch 1.2500... but it isnt today or this week or next week. While we are exiting and entering constantly. Im sure no 1 here have the patience to hold a trade 2-5years down the road.
Maybe patienceFX do. xD
Trade what you see, take what the market gives you.
  • #1,176,480
  • Jul 29, 2020 8:23am Jul 29, 2020 8:23am
Quoting PatienceFx
{quote} {image}
@PatienceFx In this image what is time frame and what is indicator showing this levels ?
PaRaM
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