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  • #1,189,381
  • Jan 8, 2021 9:34am Jan 8, 2021 9:34am
Quoting Arturke
{quote} Well, yeah but it's not that bad unemployment reduces, so it's good shows economic recovery after trouble.
What recovery? How did USA recover at the moment? They are at the edge of civil war? They got nothing at the moment...
  • #1,189,382
  • Jan 8, 2021 9:46am Jan 8, 2021 9:46am
Another EUR/USD turning point on 1H chart which will occur on 2021.01.08
Attached Image (click to enlarge)
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  • #1,189,383
  • Jan 8, 2021 9:46am Jan 8, 2021 9:46am
Quoting Techanalyst
{quote} What recovery? How did USA recover at the moment? They are at the edge of civil war? They got nothing at the moment...
Average hourly earnings increase and unemployment are stable back in the US. It shows that the pandemic situation is under control. I don't know what else to say, try to listen to what the government says.
  • #1,189,384
  • Jan 8, 2021 9:57am Jan 8, 2021 9:57am
Quoting Arturke
{quote} Average hourly earnings increase and unemployment are stable back in the US. It shows that the pandemic situation is under control. I don't know what else to say, try to listen to what the government says.
Anything government says I ignore it because it is most likely a lie. Pandemic is not under control and won't be for a while. Wake up. USD is weak. EURUSD bullish 1.25 area first and possibly more above.
  • #1,189,385
  • Jan 8, 2021 10:34am Jan 8, 2021 10:34am
If EU breaks below 1.22, we will see 1.21 and possibly 1.20 next.
https://www.forexfactory.com/thread/...ideas?page=562
Attached Image (click to enlarge)
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  • #1,189,386
  • Jan 8, 2021 10:42am Jan 8, 2021 10:42am
This is classic channeling in either of the two wave principles. Price had undershoot of the upper channel over shoot lower channel double dip wave 6 on 261 BUY BUY BUY.
Been waiting 3 weeks for 1.24 and missing all these lovely swings on the way.
Founder of Sutherland Wave Principle
  • #1,189,387
  • Jan 8, 2021 11:13am Jan 8, 2021 11:13am
Well as I said ...

Now it seems that 1.21940 IS the low of the day.

I assume that market will start with a gap upwards on Sunday as we are kinda on the lower side of the band
  • #1,189,388
  • Jan 8, 2021 11:44am Jan 8, 2021 11:44am
Quoting suthmo
This is classic channeling in either of the two wave principles. Price had undershoot of the upper channel over shoot lower channel double dip wave 6 on 261 BUY BUY BUY. Been waiting 3 weeks for 1.24 and missing all these lovely swings on the way.
Would love to see week close above 2240
  • #1,189,389
  • Jan 8, 2021 12:57pm Jan 8, 2021 12:57pm
This Is what I am Seeing. I don't know, but this looks a little weak. either way I out before close today. IMHO of course. good weekend.
Attached Image (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #1,189,390
  • Jan 8, 2021 12:59pm Jan 8, 2021 12:59pm
Quoting Pipimintpati
This Is what I am Seeing. I don't know, but this looks a little weak. either way I out before close today. IMHO of course. good weekend. {image}
I am not sure what to look for all I see is a lot of trend lines and indicators, can barely see charts... what are we looking at?
  • #1,189,391
  • Jan 8, 2021 1:18pm Jan 8, 2021 1:18pm
I am looking for the one hour bar to close on a POC with a Harmonic pattern and on fibo, Hopefully, when the four hour fibo levels allow the cross over from other time frames, And when possible divergence on one two or all three of my harmonized Oscillators. I dont usually have anything on the chart except this When I trade. Then I add the yellow fibo by hand and the magenta fibo, which I removed, Is dynamic so it only comes into play on the most current retracements. IMHO, When the H1 &/or H4 open and close one the POC of a previous day or a POC projection is what I was trying to say Almost always takes a nice bounce or reversal trade. Works for me. thats why I posted the AY- POC REV edition in a earlier post so you all can try it out, but here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: 0e11a6d695783570b702851c771dd35c.png Size: 182 KB
Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.1pnmc2.mq4   79 KB | 262 downloads
File Type: ex4 ay-MarketProfileDWM.v1.31.rev1.1pnmc2.ex4   59 KB | 221 downloads
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #1,189,392
  • Jan 8, 2021 1:27pm Jan 8, 2021 1:27pm
Quoting Pipimintpati
I am looking for the one hour bar to close on a POC with a Harmonic pattern and on fibo, Hopefully, when the four hour fibo levels allow the cross over from other time frames, And when possible divergence on one two or all three of my harmonized Oscillators. I dont usually have anything on the chart except this When I trade. Then I add the yellow fibo by hand and the magenta fibo, which I removed, Is dynamic so it only comes into play on the most current retracements. IMHO, When the H1 &/or H4 open and close one the POC of a previous day or a POC...
I understand, so you are algo trader.
  • #1,189,393
  • Jan 8, 2021 1:39pm Jan 8, 2021 1:39pm
Quote about ALGO Trading...


If by ALGO you mean Live trading on the chart with Trade Assistant I have in the image I posted here, then yes. I actually just bought the TA EA and in the five days I have had it, I went form being very nervous about doing the smart thing and trading With live MM information to becoming the trader I knew I was but couldn't be, because it is impossible, IMHO to do so with MT4 ALT/ Tab-ING to a web trading thing. I absolutely Love it and in five short days I am already to start trying to figure how to start implementing Limit orders so I don't have to ask or bid. It just WILL. while I watch and type or eat or play the fiddle with my diddle. LOL. This is strictly all my IM-V-HO. Thanks. Cheers.
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #1,189,394
  • Jan 8, 2021 2:02pm Jan 8, 2021 2:02pm
I use this for Daily Chart. It has the Levelforecast d com mt4/5 indicator for support and resistance and time levels. Works really well and I cant wait until they finally release there pattern forecasting modules. But the days to release keeps getting longer not shorter. I still cant believe how difficult it is to find them on the net. I also us a Monthly POC projection Daily Chart for longer term target levels which works great.

The day closed right at the POC price...Not a coincidence.
Attached Image(s) (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #1,189,395
  • Jan 8, 2021 4:50pm Jan 8, 2021 4:50pm
Does anyone actually use Bitcoin?
Hardly anyone is using the world's largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. ... "This suggests Bitcoin's top use case remains speculative, and the mainstream use of Bitcoin for everyday purchases is not yet a reality."May 31, 2019
  • #1,189,396
  • Jan 9, 2021 10:32am Jan 9, 2021 10:32am
I am starting to watch LTCUSD on my FZTM Demo account. I know I was told PayPal converted all of it liquidity in to BTC and i makes sense because they to become an instant market maker by Buying BTC and setting its own limit orders they should be able to maintain a constant growth cycle independent of it own revenue. The problem is the real world value of having so many BTC that liquidation of part being so high in number will devalue the lot of the remaining whole and inevitable market crash. just my VHO but there is such thing as too much to fast. But I am just imaging really. I look at LTCUSD and the market seems very fluid and bests The EUR/USD, but I have zero clue to how leveraging of lot sizes and point values are determined ?

DO YOU ? Does anyone out there know of any material which explains the crypto' markets and the above information and or how a crypto' is created, by whom, and what or how it is collateralized? Because, my itty-bitty itsy-bitsy tiny mind cant grasp how such ridiculousness is allowed to exist. But that being said, from a speculative point of view if leveraged properly I can imaging is a very outstanding way for growth. But like I said I'm ignorant to the newer popularized Markets. Here is LTCUSD end of last week out of FXTM broker Demo.
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #1,189,397
  • Jan 10, 2021 1:50am Jan 10, 2021 1:50am
Morning traders, please assist with this type of analysis. If ever I want to analyse Dow Jones and the COT report shows me 3 reports of Dow Jones, which one is the most convenient one... cause I'm struggling to pick the appropriate one thanks will listen from the radio station.
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  • #1,189,398
  • Jan 10, 2021 10:16am Jan 10, 2021 10:16am
Quoting Szakhele719
Morning traders, please assist with this type of analysis. If ever I want to analyse Dow Jones and the COT report shows me 3 reports of Dow Jones, which one is the most convenient one... cause I'm struggling to pick the appropriate one thanks will listen from the radio station. {image}
2nd one i guess
  • #1,189,399
  • Jan 10, 2021 1:27pm Jan 10, 2021 1:27pm
Here's my take on the EURUSD. The EURUSD market is presently ambivalent. Price action on the daily time frame is within a rising wedge (blue). There is an increase in bearish pressure as price action became sideways around the wedge resistance trendline. The technical pattern in the rising wedge points to the likelihood of a bearish rotation to, at least, the wedge support trendline. Besides, price action had entered a significant horizontal resistance area, the 1.23000/1.240100 horizontal resistance area (magenta), which was last visited in April 2018. This area is susceptible to a bearish turnaround. I am bearish EURUSD. However, I will await what price action does in the early part of this week before looking for a sell trading opportunity. While the 1.20300 area (sandybrown) is the immediate horizontal support and may be a profit target of bears, the 1.19500 area (green) is a longer-term horizontal support and may be of interest as a profit target for swing traders.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,189,400
  • Jan 10, 2021 4:02pm Jan 10, 2021 4:02pm
L= 1.21 82 ....... Longed at 86 now

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