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EURUSD

  • #1,176,641
  • Jul 29, 2020 4:57pm Jul 29, 2020 4:57pm
Quoting mistaouting
{quote} interesting image.. what is that? Do you use charts also?
I think it's a currency strength indi.
  • #1,176,642
  • Jul 29, 2020 4:59pm Jul 29, 2020 4:59pm
Quoting here2there
{quote} What it might be in the future and what it is today are two different things. As a trader, I only care about what it is on a day to day basis. This is what I see: {image}
As a longer term trader, what it might be in the future is probably the most important factor... gdp will swing down hard, no doubt being manipulated.
Que Sera
  • #1,176,643
  • Jul 29, 2020 5:10pm Jul 29, 2020 5:10pm
Quoting MrBullBear
Most fellas here waiting for the volatility coming from the news, expecting big movement to happen.... without realizing, it already moved (at least 50%). It's a hint of the outcome of tomorrow's news. After the news release, movement is just a reaction and sentiment. Cheers!
Not much movement isn't it? Becouse as said, it is already made.
Only an idiot knows with certainty to where the market is going.
  • #1,176,644
  • Jul 29, 2020 5:22pm Jul 29, 2020 5:22pm
Quoting mistaouting
{quote} interesting image.. what is that? Do you use charts also?
Of course I use charts. Lol

It's a basket currency strength meter.
Learn from your mistakes and march on.
  • #1,176,645
  • Jul 29, 2020 5:25pm Jul 29, 2020 5:25pm
Quoting Catempire
{quote} As a longer term trader, what it might be in the future is probably the most important factor... gdp will swing down hard, no doubt being manipulated.
Until things suddenly change, like they did with COVID-19. I think the safe route is to stick to the Daily.
Learn from your mistakes and march on.
  • #1,176,646
  • Jul 29, 2020 5:36pm Jul 29, 2020 5:36pm
Quoting here2there
{quote} Until things suddenly change, like they did with COVID-19. I think the safe route is to stick to the Daily.
Very Many got burnt on Covid, why? For not looking at the monthly / longer term / POLITICAL / ECONOMICAL VIEW.

Charts are based on the past they are not capable of actually predicting the future to the extent of taking every single other component into consideration is.

charts come after the event that changes the psychology which has made en mass traders (buyers / sellers) act a certain way.
Que Sera
  • #1,176,647
  • Jul 29, 2020 5:43pm Jul 29, 2020 5:43pm
Psychology, based on economics / politics first .. candles second.

the candles will catch up to what’s happening.
Que Sera
  • #1,176,648
  • Jul 29, 2020 5:44pm Jul 29, 2020 5:44pm
Attached Image
Que Sera
  • #1,176,649
  • Jul 29, 2020 6:02pm Jul 29, 2020 6:02pm
Quoting here2there
{quote} Of course I use charts. Lol It's a basket currency strength meter.
thanks!

Nice can you change the indicators and settings in it. What platform is it?
LOCK IN RE-ENTER
  • #1,176,650
  • Edited 6:36pm Jul 29, 2020 6:03pm | Edited 6:36pm
Quoting briancollins
{quote} Now, u re just bragging. Who told you am going 2 Sell this pair now? I remembered u being team short just a while ago. Meanwhile, majority was selling then. Ur constant SELL analysis nearly made me change my bias. Thanks to @Vule, I remained on d bullside. We re literally doing d same thing now. M just saying, to avoid drawdown, allow d market to breathe before re-entering. U now mistook it as having a contrary bias. Slow down man, we ain't competing, we re on same team, I just felt I should ofer6my own opinion. Peace 2 u.
Now you sound like a nagging wife. I didn't say that you're going to sell. I do not care what you do. All I care about is the money in my account from trading. That is why I am on the win side. Sometimes I have losses, small ones. A lot of us were on a sell side before covid-19. It would have gone that way, but this event happened, and that is why I am in profit thousands of pips. Thanks to this thanks to that, whatever, do what you want, just don't brag like a nagging wife.
  • #1,176,651
  • Jul 29, 2020 6:04pm Jul 29, 2020 6:04pm
Quoting Catempire
{quote} Very Many got burnt on Covid, why? For not looking at the monthly / longer term / POLITICAL / ECONOMICAL VIEW. Charts are based on the past they are not capable of actually predicting the future to the extent of taking every single other component into consideration is. charts come after the event that changes the psychology which has made en mass traders (buyers / sellers) act a certain way.
charts may show before the event sometime....with hedging
LOCK IN RE-ENTER
  • #1,176,652
  • Jul 29, 2020 6:39pm Jul 29, 2020 6:39pm
For us traders, charts are very important. Economy, political, you take it into consideration, but you can't predict it. It is just impossible, we do not know, what the banks and institutions are going to do. No way to know. We can added as a tool but it will not be much helpful. As you can see today, looking at small time frames, you could of sell it and get out quickly. But looking at higher timeframes, EURUSD is bullish. And yes, you can see and use past levels, for the present and future to help you decide, if you are buy, sell or not doing anything just market going sideways. Anything else that we do, it is either just a tool added to the trading, or just gambling and guessing.
  • #1,176,653
  • Jul 29, 2020 6:40pm Jul 29, 2020 6:40pm
Quoting here2there
{quote} What it might be in the future and what it is today are two different things. As a trader, I only care about what it is on a day to day basis. This is what I see: {image}
Where is this source coming from?
  • #1,176,654
  • Jul 29, 2020 6:49pm Jul 29, 2020 6:49pm
Have a small long on EURGBP, playing 1D MACD Direction/4H chart dips.

Still long on EURUSD positions.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 49 KB
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,176,655
  • Jul 29, 2020 7:06pm Jul 29, 2020 7:06pm
Took a nap and woke up. A lot of interesting conversation. No need to use search aggressive provoking words such as nagging wife or other unnecessary words. We are minority people trying to ride with the Feds to make money. Nothing more nothing less. Lets be more positive and criticize constructively not destructively. If you guys really dare to criticize each other heavily, I would love for those who act all mighty to show all their trades including losses. Otherwise lets be kind and learn together.
Trade what you see, take what the market gives you.
  • #1,176,656
  • Jul 29, 2020 7:11pm Jul 29, 2020 7:11pm
Quoting Techanalyst
{quote} Where is this source coming from?
The daily candle.

There are other things to consider as well, of course, such as currency strength and sentiment. And yes, I look at the COT report.

The COT report tells me which two currencies to focus on for the coming week, that is, the strongest and the weakest. The currency strength meter and sentiment confirm the trend. The Daily candle tells me what to do next.
Learn from your mistakes and march on.
  • #1,176,657
  • Jul 29, 2020 7:17pm Jul 29, 2020 7:17pm
I just looked at weekly on EURUSD, looks like the trend line is broken, cleared that one out. Another confirmation that bullish continues.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.....Weekly.png Size: 53 KB
  • #1,176,658
  • Jul 29, 2020 8:35pm Jul 29, 2020 8:35pm
Quoting here2there
{quote} The daily candle. There are other things to consider as well, of course, such as currency strength and sentiment. And yes, I look at the COT report. The COT report tells me which two currencies to focus on for the coming week, that is, the strongest and the weakest. The currency strength meter and sentiment confirm the trend. The Daily candle tells me what to do next.
Thanks. But where did you get currency strength indicator?
  • #1,176,659
  • Edited 9:07pm Jul 29, 2020 8:57pm | Edited 9:07pm
Quoting Techanalyst
{quote} Thanks. But where did you get currency strength indicator?
Temporarily enable your private messaging on FF and send me a message. I will respond to you and tell you where to find it. I will also share another one with you. I can't tell you here because these are indicators I have purchased. FF does not allow members to speak of such things in threads.
Learn from your mistakes and march on.
  • #1,176,660
  • Jul 29, 2020 11:24pm Jul 29, 2020 11:24pm
short taken, sl 1.17860

though not a good entry ; not enough strength yet
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