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  • #1,186,501
  • Oct 29, 2020 2:42pm Oct 29, 2020 2:42pm
Quoting bigiivan
{quote} It can't just fall. It has to correct sometime. A 4 bear daily bar. Need a break. Let's see how up will go.
That frame of thought he ruined a many. Not at all saying your wrong. But no law in fx says it has to correct... Besides these moves are not much at all. Look back at the move up months back

Edit: is common but no rule or law and if it was fx surly wouldn't follow
LOCK IN RE-ENTER
  • #1,186,502
  • Oct 29, 2020 2:53pm Oct 29, 2020 2:53pm
Quoting mistaouting
{quote} That frame of thought he ruined a many. Not at all saying your wrong. But no law in fx says it has to correct... Besides these moves are not much at all. Look back at the move up months back Edit: is common but no rule or law and if it was fx surly wouldn't follow
Of course it is not a main rule to enter long. Just different thoughts.
  • #1,186,503
  • Oct 29, 2020 5:25pm Oct 29, 2020 5:25pm
eurusd next level 1.1630
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  • #1,186,504
  • Oct 29, 2020 9:05pm Oct 29, 2020 9:05pm
The best advice for Friday? Be nimble...
I will tear the world apart for you.
  • #1,186,505
  • Oct 29, 2020 11:25pm Oct 29, 2020 11:25pm
Quoting Barnell
The best advice for Friday? Be nimble...
Answer a few questions

  1. Is it the last day of month
  2. What does monthly candle look like
  3. Can anyone buy it
  4. Is my current job more fun

  • #1,186,506
  • Oct 29, 2020 11:31pm Oct 29, 2020 11:31pm
Quoting PatienceFx
{quote} Answer a few questions Is it the last day of month What does monthly candle look like Can anyone buy it Is my current job more fun
I don't know why you are asking these questions, but since I'm bored, I'll play along.

Yes, it is the last trading day of the month.

I could tell you how the monthly candle looks like, but what's the point now? It's Asian session.

Can anyone buy it? See my posts.

Is my current job more fun? Of course it is hella fun. I trade full-time, run a few small cafes and an agency that coaches people on public speaking. My trading income ensures my daily life, the small cafes generate a small additional inflow for additional savings and the agency is pretty low-cost so if we get requests, we make money, otherwise, it is just a small outlay.
I will tear the world apart for you.
  • #1,186,507
  • Oct 29, 2020 11:51pm Oct 29, 2020 11:51pm
Quoting PatienceFx
{quote} Answer a few questions Is it the last day of month What does monthly candle look like Can anyone buy it Is my current job more fun
Us election results next week so we see a October November 2017 pattern then a small rise and a larger drop
  • #1,186,508
  • Oct 30, 2020 1:15am Oct 30, 2020 1:15am
eu has completed its 14 week average range, so it may not give a further drop today
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feel free to invite me to your forum, if you have any
  • #1,186,509
  • Oct 30, 2020 1:25am Oct 30, 2020 1:25am
lets see what results this us elections brings considering gold using its 2019 high n low is at upper extremes

can usd weaken further this year , where do we take support
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feel free to invite me to your forum, if you have any
  • #1,186,510
  • Oct 30, 2020 1:33am Oct 30, 2020 1:33am
Good morning. Sentiment - bearish, trend down, resistance - 1700-17-43, support below the yesterday low at 1638-12.

End of Month risk, European GDP's and US Election on front of us.

Take care, risk smaller.
Looking for profitable short term trades ...|
  • #1,186,511
  • Oct 30, 2020 3:33am Oct 30, 2020 3:33am
Quoting Js3mwtRc
Good morning. Sentiment - bearish, trend down, resistance - 1700-17-43, support below the yesterday low at 1638-12. End of Month risk, European GDP's and US Election on front of us. Take care, risk smaller.
Bearish because its all about global markets correcting from this overvalued mirage...tho I would like to say miragie!. Pumped up markets and the money is running.

I liked someone's call when it kicked off for a 14.75 handle.

There is a long way to go down with these intra day regroups along the way.

Risk totally off the table and the money running to USD. May be some pops up for the EUR but the public is now a few breaths away from fear...finally...and thus a crunch in consumption. Its a theory. But regardless the markets are way overvalued historically when times are good. This ain't good times.
  • #1,186,512
  • Oct 30, 2020 5:44am Oct 30, 2020 5:44am
The pair is currently moving withing the range shown by the yellow lines.

According to my strategy, I can open the deals at M1 only when the 5 MAs and the H1 trend are aligned, so I am awaiting 1) the downward breakthrough of the range channel, or 2) for the price to go up to the chanel resistance where I can short the price down the the support line with the standard SL and TPx2 placements.

What do you think, guys?
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  • #1,186,513
  • Oct 30, 2020 5:54am Oct 30, 2020 5:54am
Quoting enarco
{quote} Bearish because its all about global markets correcting from this overvalued mirage...tho I would like to say miragie!. Pumped up markets and the money is running. I liked someone's call when it kicked off for a 14.75 handle. There is a long way to go down with these intra day regroups along the way. Risk totally off the table and the money running to USD. May be some pops up for the EUR but the public is now a few breaths away from fear...finally...and thus a crunch in consumption. Its a theory. But regardless the markets are way overvalued...
So, fear makes people run into the USD which is viewed by them as the safe haven, right? Which means that the EUR/USD will continue going down, right?

I am a beginner, just clarifying.
  • #1,186,514
  • Oct 30, 2020 6:26am Oct 30, 2020 6:26am
My euro chart this morning is like a Chinese kitchen, chop, chop, chop! LOL
  • #1,186,515
  • Oct 30, 2020 6:47am Oct 30, 2020 6:47am
Quoting forex-lurve
The pair is currently moving withing the range shown by the yellow lines. According to my strategy, I can open the deals at M1 only when the 5 MAs and the H1 trend are aligned, so I am awaiting 1) the downward breakthrough of the range channel, or 2) for the price to go up to the chanel resistance where I can short the price down the the support line with the standard SL and TPx2 placements. What do you think, guys? {image}
My experience is that a strategy will take its wins and its losses on a long term period and that the losses will eventually exceed the wins.

Also the moving averages are a good choice for begginers, but just for learning and how the picture work together, it is a lagging indicator, the price is moving faster than a crossover of two ma's.

I like the risk reward factor of your strategy, but it would be better if, you try to sell highs and target lows see supply and demand trading.
Looking for profitable short term trades ...|
  • #1,186,516
  • Oct 30, 2020 7:01am Oct 30, 2020 7:01am
Quoting forex-lurve
{quote} So, fear makes people run into the USD which is viewed by them as the safe haven, right? Which means that the EUR/USD will continue going down, right? I am a beginner, just clarifying.
I view the Shiller SP 500 PE Ratio. Google it. Its one view on where the US market is on a valuation basis. That ratio is based on how much money is tossed out there in the world to create this shit.

The lockdowns and Covid is not really being contained in many places in the world. This is making the market participants draw a conclusion that the markets are in fact over valued based on what is coming down the road....potentially. And it feeds on itself. USD appears to be a safe haven. Markets are adrift to the downside awaiting the first stop of a 10% correction. USD is strengthening.

But I am very short term scalpish here prior to the US election. But overall I think the USD will strengthen here over the coming months.
  • #1,186,517
  • Oct 30, 2020 7:13am Oct 30, 2020 7:13am
hello everyone i am beginner code developer in mq4l , could anyone tell me how to calculate average size of last 10 candlestick....
  • #1,186,518
  • Oct 30, 2020 8:36am Oct 30, 2020 8:36am
Well, that spike up didn't last very long
  • #1,186,519
  • Oct 30, 2020 8:47am Oct 30, 2020 8:47am
It is going to make one more push up ... at least.
  • #1,186,520
  • Oct 30, 2020 9:13am Oct 30, 2020 9:13am
$deal 1

  1. I saw that the price broke through out of the descending triangle and then crosses the MA1440 ( 1 at the image). I can only open deals after all of the 5 MAs that I track are aligned.
  2. Then I waited a little bit and opened the buy deal (2 at the image). I placed the SL at the MA1440 and I placed the TP at SLx2.
  3. The price went up to my TP very fast.
  4. MY SL is always 1.5% of the deposit amount, which means that the TP brought in 3% in the profits. According to my Trading Strategy I don't have to trade today anymore.

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