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EURUSD only

  • #115,101
  • Oct 6, 2020 7:35am Oct 6, 2020 7:35am
Last night I decided to try something new... trading from my phone my rules, 1. Choose a pair you know nothing about. 2. Only buy (generally my sell trades never work out well anyway). 3. Only buy on big round numbers. 4. Only trade a small amount just to test. 5. Plain charts and only use the phone. No indicators. Only price action. Here are the results. I don't really like it when people just post results with no explanation, so I thought I would share in detail how I got here aswel.
Attached Image
Emotional Control. Process, not outcome.
  • #115,102
  • Oct 6, 2020 7:35am Oct 6, 2020 7:35am
The higher it climbs the faster and deeper it must fall.. right?

Stay Green
Attached Image
Focus only on what truly matters!
  • #115,103
  • Oct 6, 2020 7:36am Oct 6, 2020 7:36am
Quoting Konichiwhaat
Last night I decided to try something new... trading from my phone my rules, 1. Choose a pair you know nothing about. 2. Only buy (generally my sell trades never work out well anyway). 3. Only buy on big round numbers. 4. Only trade a small amount just to test. 5. Plain charts and only use the phone. No indicators. Only price action. Here are the results. I don't really like it when people just post results with no explanation, so I thought I would share in detail how I got here aswel. {image}
You are tragically funny

Stay Green
Focus only on what truly matters!
  • #115,104
  • Oct 6, 2020 7:39am Oct 6, 2020 7:39am
Quoting Ata-Turkoglu
{quote} You are tragically funny Stay Green
Hai! and staying green, like you say... arigato gozaimasu! ❤
Emotional Control. Process, not outcome.
  • #115,105
  • Oct 6, 2020 7:41am Oct 6, 2020 7:41am
Quoting Ata-Turkoglu
The higher it climbs the faster and deeper it must fall.. right? Stay Green {image}
I am expecting a hard sell to about 1.15500, that is if the pseudo Head & Shoulder pattern on the Daily timeframe fulfills it's promise. I hope today ends in a pin bar, so that tomorrow will drop it like it's hot.
  • #115,106
  • Oct 6, 2020 7:43am Oct 6, 2020 7:43am
Quoting Traderview
what made this sudden move? Any news .
And just all of a sudden. Nothing I saw that could weaken USD or strengthen EUR. In contrary bad news from Spain. Maybe someone knew about the US trade balance before it came out in public news
  • #115,107
  • Oct 6, 2020 7:45am Oct 6, 2020 7:45am
Important level:
1- Testing neckline of topping formation.
2- Forming upward wedge.
3- Testing H4 200 SMA.
4- Oscillators very overbought.
5- Oscillators showing clear divergence.

OK euro, time to drop...
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #115,108
  • Oct 6, 2020 7:48am Oct 6, 2020 7:48am
From here "momentum" will decide who wins.. Bears or bulls have to do some action.. otherwise we are stuck at these levels.. I am slowly shifting towards bulls (based on weekly resistance area 1.1760 now probably turning into support)..

My motto: be patient but keep buying dips as long as price stays above 1.1760..

*Based on H1, nearest support is at 1.1783

Stay Green
Focus only on what truly matters!
  • #115,109
  • Oct 6, 2020 7:57am Oct 6, 2020 7:57am
Quoting Alorente
Important level: 1- Testing neckline of topping formation. 2- Forming upward wedge. 3- Testing H4 200 SMA. 4- Oscillators very overbought. 5- Oscillators showing clear divergence. OK euro, time to drop... {image}
How heavy are you investing into a drop? Thanks..

Stay Green
Focus only on what truly matters!
  • #115,110
  • Oct 6, 2020 8:03am Oct 6, 2020 8:03am
?????
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  • #115,111
  • Oct 6, 2020 8:08am Oct 6, 2020 8:08am
Quoting Tobe
????? {image}
Once/if H1 candles close back above 1.1798 it will stay bullish for some time I guess.. Just opinion..

Stay Green
Focus only on what truly matters!
  • #115,112
  • Oct 6, 2020 8:17am Oct 6, 2020 8:17am
Quoting Ata-Turkoglu
The higher it climbs the faster and deeper it must fall.. right? Stay Green {image}
And the landing spot is a small bucket ..
  • #115,113
  • Oct 6, 2020 8:19am Oct 6, 2020 8:19am
Quoting klm1011
{quote} And the landing spot is a small bucket ..
If this drops we will already know starting from 1.1760 area.. Momentum will tell.. but until then bullish feels better..

Stay Green
Focus only on what truly matters!
  • #115,114
  • Oct 6, 2020 8:26am Oct 6, 2020 8:26am
Let's see what NY will bring onto the table.. 3 more minutes..

Stay Green
Focus only on what truly matters!
  • #115,115
  • Oct 6, 2020 8:30am Oct 6, 2020 8:30am
Quoting Ata-Turkoglu
{quote} Once/if H1 candles close back above 1.1798 it will stay bullish for some time I guess.. Just opinion.. Stay Green
this level is currently so stubborn but judging by euro lately, itll probly blitz through again
  • #115,116
  • Oct 6, 2020 8:34am Oct 6, 2020 8:34am
Quoting shay14
{quote} this level is currently so stubborn but judging by euro lately, itll probly blitz through again
Small timeframes are irrelevant.. H1 candle close above that level is needed.. So lean back and wait for it OR watch how it drops towards 1.1760..

Stay Green
Focus only on what truly matters!
  • #115,117
  • Oct 6, 2020 8:37am Oct 6, 2020 8:37am
Triple beat , 4H energy completely recharged
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  • #115,118
  • Oct 6, 2020 8:39am Oct 6, 2020 8:39am
Quoting klm1011
{quote} A collective effort to ignore this pinbar
It looks like this pinbar was on some important level in retrospect analysis.
  • #115,119
  • Oct 6, 2020 8:41am Oct 6, 2020 8:41am
A close below last hr i.e 1.1791, then imo we will see 1.1760.
  • #115,120
  • Oct 6, 2020 8:48am Oct 6, 2020 8:48am
Quoting Traderview
A close below last hr i.e 1.1791, then imo we will see 1.1760.
Today I don't believe anything what this pair does.. It just dribbles around like a mad cow..

Stay Green
Focus only on what truly matters!
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