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Trading EURUSD only 43,756 replies

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EURUSD only

  • #115,461
  • Oct 8, 2020 2:01pm Oct 8, 2020 2:01pm
Quoting andvk74
So far as planned. Waiting to see what Asian session will show us. So far looks like we might see a new weekly HIGH on Friday. {image}{image}
Agree (unfortunately). Don't see where the bears should dive into... weekly channel still nicely up, nothing broken. More likely over 1.19 than down to 1.16500.
Not that I want it that way, but that's what I see.
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  • #115,462
  • Oct 8, 2020 2:04pm Oct 8, 2020 2:04pm
time to pop up
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #115,463
  • Oct 8, 2020 2:09pm Oct 8, 2020 2:09pm
Quoting eqshack
time to pop up
1.1760 keeps resisting in a low volume session.. It would surprize me if it goes up now.. No rush.. I call it a day.. Hopefully tomorrow we can see some spikes until real direction..

Stay Green
Focus only on what truly matters!
  • #115,464
  • Oct 8, 2020 2:27pm Oct 8, 2020 2:27pm
Another indicator... I wonder whether there is an EA that keeps trading against the retailers? Just do the opposite of what the herd is doing.

Clients go short? Then go long ;-)

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  • #115,465
  • Oct 8, 2020 2:34pm Oct 8, 2020 2:34pm
Quoting zippo22
{quote} If you look at JPY then you know what a boring . . I noticed Gold slipped a few minutes ago for nothing... is something coming?


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I'm buying about 1.1720-40 area... But mind the Brexit liars. .

Also Friday coming with BIG spikes.

GL.
Beware of robber banks (RB), bad advisors.
  • #115,466
  • Oct 8, 2020 2:36pm Oct 8, 2020 2:36pm
Quoting Not-KPMG
{quote} {image} I'm buying about 1.1730-40 area... But mind the Brexit liars.
There he is lol... Yup.. same old same old..

Stay Green
Focus only on what truly matters!
  • #115,467
  • Oct 8, 2020 3:26pm Oct 8, 2020 3:26pm
Quoting andvk74
So far as planned. Waiting to see what Asian session will show us. So far looks like we might see a new weekly HIGH on Friday. {image}{image}
So far excellent call. Well done
  • #115,468
  • Oct 8, 2020 3:31pm Oct 8, 2020 3:31pm
Im in short on a pullback. Tightning SL at 1770. strong resistance right here is encouraging.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #115,469
  • Oct 8, 2020 5:31pm Oct 8, 2020 5:31pm
I would like to share with you all a simple strategy that works excellent with EURUSD as well as with all major currencies.
Very simple strategy and very easy as well.
Currently I also work on an automated system to manage all this.

https://www.forexfactory.com/thread/...o-trade-simple

Enjoy
  • #115,470
  • Oct 8, 2020 5:48pm Oct 8, 2020 5:48pm
I open new trades when in profit, not when in loss.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #115,471
  • Oct 8, 2020 6:14pm Oct 8, 2020 6:14pm
Quoting mtako
I open new trades when in profit, not when in loss.
Don't be so skeptic with this kind of strategy.
It looks promising.
See
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  • #115,472
  • Oct 8, 2020 9:43pm Oct 8, 2020 9:43pm
Chart EURUSD 4H
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  • #115,473
  • Edited Oct 9, 2020 2:38am Oct 8, 2020 10:12pm | Edited Oct 9, 2020 2:38am
Possible? looking forward for the trade plan. Simple and Stupid Idea
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Always Positive
  • #115,474
  • Oct 8, 2020 10:51pm Oct 8, 2020 10:51pm
Quoting Bryan5229
{quote} Price still in the minor range on the 1.17691 level ,if we get break above will target 1.18 but my overall view is still bearish. Orange box represent 4hour range. {image}
Hourly range expanded with still no clear direction, the week has been a boring ranging market all week.
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Plan your trades and trade your plan.
  • #115,475
  • Oct 8, 2020 11:04pm Oct 8, 2020 11:04pm
Quoting Alorente
Hugely important moment for DXY. We are left with a 00.30 range to work with before breaking out to either side. Breakout should happen tomorrow. It is simply running out of room. {image}
I'm convinced of the fact that the dollar will fly given recent bull momentum on daily, on 4hour I'm treating the bears as correction for daily chart.
Plan your trades and trade your plan.
  • #115,476
  • Oct 8, 2020 11:34pm Oct 8, 2020 11:34pm
Quoting smilee89
{quote} Don't be so skeptic with this kind of strategy. It looks promising. See {image}{image}{image}
The problem is the drawdown at 17%. The MT4 tester is faulty so the real drawdown on a live account would be 35% at least. Better to bin that strategy.
Trading thin liquidity at the boundary of the charts
  • #115,477
  • Oct 8, 2020 11:53pm Oct 8, 2020 11:53pm
Quoting RickM
{quote} The problem is the drawdown at 17%. The MT4 tester is faulty so the real drawdown on a live account would be 35% at least. Better to bin that strategy.
Unfortunately you probably used bad EA's so far.

All my EA's work 1:1 when I compare my backtests to my live accounts.
  • #115,478
  • Oct 9, 2020 12:33am Oct 9, 2020 12:33am
Quoting Ata-Turkoglu
Daily S/R Levels for Today What I know for now is: 1.1744 is major support and if price goes lower I expect a bounce back up.. If bulls keep going I have the feeling we could touch 1.1802 BUT depending on momentum maybe it can go all the way up to 1.1835.. Keep that in mind! Overall I am planning to keep buying dips.. but be aware that MACD is flat.. it can cause choppiness!!! I hope it helps.. Stay Green {image}
If you check my yesterdays DAILY analysis chart you will see that my anticipated bounce up from 1.1744 has happened.. Now for today's chart:

  1. The million dollar question is how high price could go?
  2. For today (Friday) I think we could be limited with 1.1801 tops.. BUT only if we see strong momentum (which doesn't existed for this whole week) it still has the potential to reach all the way up to 1.1848..
  3. 1.1801 is also roughly the area where on H1 a W pattern (Gartley) would be completed which supports my idea that the high for today is indeed limited with mentioned level..
  4. Also, just keep this in the back of your head: If Gartley on H1 fails it could shift to a Butterfly pattern which then could shoot price up much much higher!

I hope it helps..

Stay Green

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Focus only on what truly matters!
  • #115,479
  • Oct 9, 2020 12:49am Oct 9, 2020 12:49am
H1 Status Update

  1. Waiting for progress and Frankfurt opening.. Currently 1.1779 is resisting!
  2. Nearest support is roughly around 1.1768 but the real support will be the touch point to my Dashed-RED TL..
  3. Overall Green line is bending upwards so bulls have the upper hand and therefore no matter how choppy it gets, I will keep buying dips..

Stay Green

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Focus only on what truly matters!
  • #115,480
  • Edited 1:05am Oct 9, 2020 12:51am | Edited 1:05am
Will enter LONG at 1.1765
SL if H1 closes below 1.1863
Will add more if H1 closes above 1.1786
TP TARGET AREA

If market goes above yesterday's HIGH before going to 1.1765 the trade is cancelled!
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