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  • #1,177,721
  • Aug 6, 2020 3:30pm Aug 6, 2020 3:30pm
Imho, 1.17200 is an area to be broken southward before we can think of any 'double tops' as reliable.

KP

Quoting KeenPips
I doubt if everybody here is saying it's bullish for the future. None of us knows. But 'double tops' do not work until the market structure is broken. Check your D1 & W1 tfs. Stay safe, trade safe. KP {quote}
Do your homework, follow the footprints of smart money
  • #1,177,722
  • Aug 6, 2020 3:33pm Aug 6, 2020 3:33pm
Quoting KeenPips
Imho, 1.17200 is an area to be broken southward before we can think of any 'double tops' as reliable. KP {quote}
I agree
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  • #1,177,723
  • Aug 6, 2020 3:33pm Aug 6, 2020 3:33pm
Quoting T4Trade
i am new to this thread,im wondering why you all are saying its bull for the future? on 4h and daily its double top,are you guys taking weekly TF supply demand and order block as a reversal point?

Daily is riding above the previous daily closing prices, Double top/bottom as KeenPips said.. is confirmed when neck line is broken. Also the MACD Platinum you asked about, I downloaded it and checked, you can change it's settings and set the 'show marker' to true and it will display the dots you were asking about. Here's another strategy that seems to be working for a few people I came across "https://www.forexfactory.com/thread/...ing-system-tts" check it out if it suits you, but don't make things complicated if they are already working alright for you, also test all this very safely in the start.. so that you can get the hang of it first according to how you trade.. the timing and everything else.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,724
  • Aug 6, 2020 3:40pm Aug 6, 2020 3:40pm
so nice of everyone here,very helpful. IMHO its time to retrace before it joins the bull trend again,long time is bullish i agree.
  • #1,177,725
  • Aug 6, 2020 3:46pm Aug 6, 2020 3:46pm
Quoting MrBullBear
{quote} If you remember the conversation Techanalyst and I talking about long term view. We are both bullish and I mentioned my swing trade will remain open till US election. Will decide next depends on who will be the next President.
Let's hope that Biden is not, because there will be a lot of sniffing. I saw the video of him sniffing women he is an old pervert.
  • #1,177,726
  • Aug 6, 2020 4:05pm Aug 6, 2020 4:05pm
double top this structure of waves- wave down wave up-it goes very clear,but when it goes double,or wave is too long,Achtung,wait big trend .On chart it can be sideways on daily.i noticed now that support of eur and Gu big support H1 low border of H1 channel.I think tomorrow we can see 1.19 again-up and down.Usually it cross well when this support in the middle of channel.
  • #1,177,727
  • Aug 6, 2020 4:19pm Aug 6, 2020 4:19pm
Quoting leashedmode
{quote} Daily is riding above the previous daily closing prices, Double top/bottom as KeenPips said.. is confirmed when neck line is broken. Also the MACD Platinum you asked about, I downloaded it and checked, you can change it's settings and set the 'show marker' to true and it will display the dots you were asking about. Here's another strategy that seems to be working for a few people I came across "https://www.forexfactory.com/thread/...ing-system-tts" check it out if it suits you, but don't make things complicated if...
thank you so much,ya i figured it out to allow show marker to showup the dots on the chart.i am following tux strategy as well,another 2 good indicators i use is 10.2 TMA slope,it shows visual of ranging or not of same TF and 1 tf up and super fibo.
  • #1,177,728
  • Aug 6, 2020 4:26pm Aug 6, 2020 4:26pm
Until EURUSD gets to around 1.25, I am not even looking at 4hr chart anymore. Monthly, weekly and daily is what I am looking at for now. Any small pullbacks will be adding longs on a daily. Trade safe.
  • #1,177,729
  • Aug 6, 2020 4:30pm Aug 6, 2020 4:30pm
Quoting Techanalyst
{quote} Let's hope that Biden is not, because there will be a lot of sniffing. I saw the video of him sniffing women he is an old pervert.
I see weaker dollar if Trump lose. If wins, investors confidence, sentiment will be back and may have a good reaction. If Biden wins, it will be a disaster and a stronger bullish will happen. Just how i view it.
Only an idiot knows with certainty to where the market is going.
  • #1,177,730
  • Edited 5:24pm Aug 6, 2020 4:46pm | Edited 5:24pm
Quoting mistaouting
{quote} well that 1825 was a very good entry! edit: i would be surprised if price went back there
It could. Last time we talk about being mentally strong. And one way of being strong is knowing it could go opposite direction and be prepared when that happen.

It's knowing what to do, when you are wrong. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,177,731
  • Aug 6, 2020 4:46pm Aug 6, 2020 4:46pm
last time all forum wait eur 1.05(round number),nobody saw this number we even didnt see 1.06,now all forum wait 1.25(round number),better 1.30-better round number.
  • #1,177,732
  • Aug 6, 2020 5:20pm Aug 6, 2020 5:20pm
Quoting viktoriaxz
last time all forum wait eur 1.05(round number),nobody saw this number we even didnt see 1.06,now all forum wait 1.25(round number),better 1.30-better round number.
I don’t understand.

are you saying no thought price would go 1.05 or even 1.06?

Now we are all saying 1.25? I don’t the ring number thing or the even better 1.30 thing
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  • #1,177,733
  • Aug 6, 2020 5:49pm Aug 6, 2020 5:49pm
Negative correlation should not be ignored.

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,177,734
  • Aug 6, 2020 7:07pm Aug 6, 2020 7:07pm
Quoting here2there
Negative correlation should not be ignored. {image}
i dont understand what you mean...why shouldnt it be ignored....dollar go down eurousd should go up unless euro go down
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  • #1,177,735
  • Aug 6, 2020 7:29pm Aug 6, 2020 7:29pm
Quoting MrBullBear
{quote} I see weaker dollar if Trump lose. If wins, investors confidence, sentiment will be back and may have a good reaction. If Biden wins, it will be a disaster and a stronger bullish will happen. Just how i view it.
Trump will win. Usa economy will recover. Not yet but it will. The whole world will take about 1-2 years to recover from the covid19. I think also debts will need to be erased because we have reached to the point where we are piling more debts and will never be able to pay it back. We just have to change and do better or its a chaos.
  • #1,177,736
  • Aug 6, 2020 7:36pm Aug 6, 2020 7:36pm
Quoting mistaouting
{quote} i dont understand what you mean...why shouldnt it be ignored....dollar go down eurousd should go up unless euro go down
It would do you well to do some research on how negative correlation is useful in technical analysis.
Learn from your mistakes and march on.
  • #1,177,737
  • Aug 6, 2020 7:46pm Aug 6, 2020 7:46pm
Quoting leashedmode
{quote} I know mate, just having some fun and the mayan scrips worked great lol just look at EU! Bulls all the way
the mayan scripts were about price prediction and price lagging ; hint given

like BB is a volatility indicator
  • #1,177,738
  • Aug 6, 2020 8:01pm Aug 6, 2020 8:01pm
Well, it's looking more and more like the Euro is running out of steam.
Learn from your mistakes and march on.
  • #1,177,739
  • Aug 6, 2020 8:08pm Aug 6, 2020 8:08pm
Quoting here2there
{quote} It would do you well to do some research on how negative correlation is useful in technical analysis.
I guess I will.

Seems intuitive that the dollar index measure the strength of the USD and when its loosing strength the index goes down.

With it being the quote currency in the EUROUSD and its loosing strength compared to the EURO it would and should be a negative correlation.

If there is more I would like to know.
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  • #1,177,740
  • Aug 6, 2020 8:09pm Aug 6, 2020 8:09pm
Quoting here2there
Well, it's looking more and more like the Euro is running out of steam.
what are the chances of nfp showing a good number
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