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  • #1,190,881
  • Feb 18, 2021 8:00am Feb 18, 2021 8:00am
Quoting Techanalyst
{quote} EURJPY has been very strong bullish for a long time. Why do you think EURJPY is going to turn bearish? {image}
And it will likely continue to be bullish long term. But the market can't just keep going up without corrections and/or pullbacks. My bearish call is meant to be interpreted as a temporary move downward before EURJPY resumes its upward path.
Learn from your mistakes and march on.
  • #1,190,882
  • Feb 18, 2021 8:12am Feb 18, 2021 8:12am
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$JY and E. 5' I raised SL on longs E. at 1.20 76 and bought $JY as seen on the charts. I might be wrong. Trade safe....

  • #1,190,883
  • Feb 18, 2021 8:16am Feb 18, 2021 8:16am
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yes....took all prfts and am flat now... We ll see what happens now.....
  • #1,190,884
  • Feb 18, 2021 8:43am Feb 18, 2021 8:43am
Switching to bullish... looks like correction complete.

Not good for the bears

Edit: pair is starting the usual bullshit with that ranging so you do not know what to do. On the sideline now...
  • #1,190,885
  • Feb 18, 2021 9:15am Feb 18, 2021 9:15am
Keeping 1945 as target for next week..
  • #1,190,886
  • Feb 18, 2021 9:47am Feb 18, 2021 9:47am
Quoting NrSLionHeart
Switching to bullish... looks like correction complete. Not good for the bears Edit: pair is starting the usual bullshit with that ranging so you do not know what to do. On the sideline now...
In my opinion, EURUSD is one of the worst pairs to trade. It's very moody.
Learn from your mistakes and march on.
  • #1,190,887
  • Feb 18, 2021 9:55am Feb 18, 2021 9:55am
Quoting Js3mwtRc
{quote} I turned bearish on daily today and also there are some signs that it is going to stay down some time. Weekly range top at 2128 now, lower than yesterday. 1980 is a good target. I exit a short at 2045 and may reload around 2080 again. I'll see.
It's so undecided I pretty much gave up. I'll wait for the correction to end or at least for a more reliable signal to open any positions.
  • #1,190,888
  • Feb 18, 2021 9:58am Feb 18, 2021 9:58am
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Still flat in E. ......Cannot decide what it will do....

Long in $JY with SL as shown . Without great conviction..... but I had to take this breakout long signal.

  • #1,190,889
  • Feb 18, 2021 10:01am Feb 18, 2021 10:01am
Levels from yesterday with today's price action.

If price goes below 1.21573 bulls are done.

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  • #1,190,890
  • Feb 18, 2021 10:19am Feb 18, 2021 10:19am
1H has price in the MA's on a downtrend, I am in with a short on the rally. I like to keep things simple. *Note: That red line is the 4H MACD Platinum crossing 0, not normal MACD 12,26,9.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,190,891
  • Feb 18, 2021 10:35am Feb 18, 2021 10:35am
Quoting OhComeOn
1H has price in the MA's on a downtrend, I am in with a short on the rally. I like to keep things simple. *Note: That red line is the 4H MACD Platinum crossing 0, not normal MACD 12,26,9. {image}
As you know, I am aware of your MACD cross strategy and think highly of it. But I am confused. I notice that you are using both a non lagging MACD and a traditional MACD. Why use two? I was thinking only the MACD platinum is needed.
Learn from your mistakes and march on.
  • #1,190,892
  • Edited 12:49pm Feb 18, 2021 12:20pm | Edited 12:49pm
Quoting here2there
{quote} As you know, I am aware of your MACD cross strategy and think highly of it. But I am confused. I notice that you are using both a non lagging MACD and a traditional MACD. Why use two? I was thinking only the MACD platinum is needed.
Absolutely you can do it with just the Platinum, but I find it easier to use the traditional MACD on identifying the dip/rally. Also I use a couple of different strategies with this method.
Example 1:
With the MACD(traditional) If I am looking at the 1H, and MA's are headed down, that means on the 4H chart MACD12,26,9 red dot appears because it has crossed 0.00.
-Now for giggles which you probably have already seen but someone else reading has not. On the 4H MACD(traditional MACD 12,26,1) 0.00 cross draw a vertical line if crossing going up, or red if going down. As seen in my pic. Highlight in between. Now flip to the 1H chart and you will see the lows of the dips, and the highs of the rally's. Notice best time to enter is when MA's flipped in opposite direction. I like Platinum because I can stay on 1 TF(4H) and see what is going on with the TF below(1H). And when 4H Platinum crosses 0.00, I know my 4H MACD traditional(If set at 12,26,9) has crossed fast and slow lines.
-Now go look for divergence on the Platinum, if in an MA uptrend on say 4h, look to mark the top of each loop above 0.00, if downtrend look at marking the bottom. When you see the divergence, odds are MACD 12,26,1 will be coming past 0.00(Price back in MA's). IF trading AGAINST TREND, there must be divergence and I will trade against the trend back into MA's or until price crosses MACD traditional indicator. Then when I get the signal will trade back WITH the trend but I use Platinum to help with that as well.

Example 2:
If just using MA's and Platinum w/trend
I mark the 4H Platinum crossing 0.00, for this example say it is going UP MA Trend, I switch to a lower TF such as 30M or 1H and enter when Platinum is below 0.00 and TP at new highs above the previous wave seen on the Platinum.

Both of these are easy strategy's that can be used on multiple TF's. Lower TF's have more volatility, higher TF's are safer. Honestly, if someone just used the MA settings for the 3 lines and looked at Support & Demand areas, you could get by without using MACD as a filter. However, I like my filters. MACD also helps a lot with seeing range early. When MACD or Platinum is moving against the direction of the trend, this is the range area so price can reload for the next wave.

Hope I did not just confuse the heck out of you.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,190,893
  • Feb 18, 2021 12:36pm Feb 18, 2021 12:36pm
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I hope we ll see 1.2095....................

  • #1,190,894
  • Feb 18, 2021 12:37pm Feb 18, 2021 12:37pm
Quoting OhComeOn
{quote} Absolutely you can do it with just the Platinum, but I find it easier to use the lagging MACD on identifying the dip/rally. Also I use a couple of different strategies with this method. Example 1: With the MACD(Lagging) If I am looking at the 1H, and MA's are headed down, that means on the 4H chart MACD12,26,9 red dot appears because it has crossed 0.00. -Now for giggles which you probably have already seen but someone else reading has not. On the 4H MACD(Regular lagging MACD 12,26,1) 0.00 cross draw a vertical line if crossing going up,...
Thank you for the explanation.
Learn from your mistakes and march on.
  • #1,190,895
  • Feb 18, 2021 2:39pm Feb 18, 2021 2:39pm
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Very close to 1.20 95........Started selling

  • #1,190,896
  • Feb 18, 2021 3:18pm Feb 18, 2021 3:18pm
EURUSD should be called the BS pair. It's too random and nonsensical. This is why I like crypto more than Forex. At least with crypto you have solid trends and price action that is easier to read. Yes, it can be highly volatile, but if you know what you are doing you should find that it is more manageable than this nonsense.
Learn from your mistakes and march on.
  • #1,190,897
  • Feb 18, 2021 3:26pm Feb 18, 2021 3:26pm
EURUSD holding support on a daily @ 1.2034. Strong possibility to go further up. Overall, EURUSD is bullish, but had a bearish pullback on daily. COT reports are tomorrow, so we will see what happens after. Previous bounce off MA 100, to 50 MA, bounced from 50MA again down to 100 MA and now looks like going toward 50 MA again. But like I said holding support at 1.2034. Trade safe.
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  • #1,190,898
  • Feb 18, 2021 3:49pm Feb 18, 2021 3:49pm
Quoting Techanalyst
EURUSD holding support on a daily @ 1.2034. Strong possibility to go further up. Overall, EURUSD is bullish, but had a bearish pullback on daily. COT reports are tomorrow, so we will see what happens after. Previous bounce off MA 100, to 50 MA, bounced from 50MA again down to 100 MA and now looks like going toward 50 MA again. But like I said holding support at 1.2034. Trade safe. {image}
I agree that it is bullish long term.

Frankly, I hate this pair. The thing that annoys me most about it is it's wicks and dojis galore.
Learn from your mistakes and march on.
  • #1,190,899
  • Feb 18, 2021 5:31pm Feb 18, 2021 5:31pm
Quoting Techanalyst
EURUSD holding support on a daily @ 1.2034. Strong possibility to go further up. Overall, EURUSD is bullish, but had a bearish pullback on daily. COT reports are tomorrow, so we will see what happens after. Previous bounce off MA 100, to 50 MA, bounced from 50MA again down to 100 MA and now looks like going toward 50 MA again. But like I said holding support at 1.2034. Trade safe. {image}
Bull... Shite....
COT reports are gonna say bearish!!!
It will report profit taking and more bears coming in as we can see what happened the last 2 days. Unless that's too recent. Maybe it'll show bullish action from before the drop, but now bears will officially kick in and drop EUR/USD to below 1.20 tomorrow. And may even continue into next week.
But after that, into the following week yeah, bullish... yeah...
All the way up to 1.2275-1.234 or even a bit higher to trap bulls, before real drop down to 1.17 and below in April-May
You cannot fail if you never give up.
  • #1,190,900
  • Feb 18, 2021 6:14pm Feb 18, 2021 6:14pm
Quoting 7154Superman
{quote} Bull... Shite.... COT reports are gonna say bearish!!! It will report profit taking and more bears coming in as we can see what happened the last 2 days. Unless that's too recent. Maybe it'll show bullish action from before the drop, but now bears will officially kick in and drop EUR/USD to below 1.20 tomorrow. And may even continue into next week. But after that, into the following week yeah, bullish... yeah... All the way up to 1.2275-1.234 or even a bit higher to trap bulls, before real drop down to 1.17 and below...
I will be watching for this. So far, you appear to have a talent for making good calls.
Learn from your mistakes and march on.
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