EURUSD only

Eurusd sell at 1.19400. Tp 1.17600

MN1 https://www.mql5.com/en/charts/13562...ts-corporation

looking for my long at 1.188
30 pip stop 50-70 pips target
below my long term view on montly.
i belive this monthly candle to close bullish

Hi,
last long order triggered... Now waiting...

Cya @ nfp...

A broader perspective which is useful for Medium/Long term swing traders & hedgers.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Based on m15, 1.1935 is aggressive sell level.. Bears are still in tact.. I rinse and repeat..

*On a side note: I am noticing potential bullish shark pattern on DAILY.. Therefore I slowly begin to watch reaction to every new lower low on H1.. The harmonic shark pattern is the most dangerous and surprising pattern that generally causes sudden strong reversals!

As long as it does not touch 1.1800 forget long trades otherwise you get rickrolled
The USA is simply a stronger economy as Europe which is a Union but not United.
Some are in but should not be and the UK has left.
Why should price be higher than at the beginning of November ?

I missed the sell at the new relative high 1.194 @ (I was distracted) but think it will go back there and above. Net long, will probabl. reverse around 1.195

Still think current low not the bottom. So plan is to have a short.

UPDATE. At the stop 1.19389 considered going neutral but only reduced the long instead. Same plan as before, reverse short at new relative high. BLaSH and SHaBL the hell out of it, so that when it will reverse short I'll have a short right at the top. If get overextended, blow up the account. Standard practice. LOL Edit. Seriously, though, trying to adapt parameters to daily volatility and keep size appropriately small and have an hedge all and walk away stop at -10% equity.


UPDATE. Increased long at 1.19315 I would like to see up above 1.195 followed by rapid drop to area 1.19, major revarsal and back up 1.24 next week.

My short at 1.194 stop got hit at 1.1939 since I moved it to BE after the drop, I got stopped to the literal spread since the high here was 1.19384... Hoping it can make 1 more high now

Edit: I'm actually delaying my short now, this market behavior looks a bit strange to me

You posted in the wrong place. please remove your post.

Deep silence before nfp storm

This is the Daily chart, we hit the bottom support line if you draw this from the low of the red candle , but low of the blue candle missed the low by a 2-3 pips. If we break our current low and come back up, I'm going to try a long around 1.1915 area

Doesn't anyone use the RSI as an indicator anymore? How can anyone be bullish on the dollar right now? I mean the whole US market is currently collapsing in a fat correction phase. The USDX H4 is clearly a sell if you look at the RSI (if the RSI even weighs significance nowadays). The NQ is fucked despite not having a direct correlation with EUR/USD, but it does mirror institutional instability and a lack of optimism in the US markets that does link to the valuation of the dollar. But to be fair, the RSI isn't everything, and sometimes doesn't even hold any importance in predicting the next fluctuation. But in my modest experience and from what I've learnt so far, the RSI on H1 and H4 timeframes holds a certain significance when looking for reversals (small or big). I'd just like to know what I'm missing here. I specialize in stocks but I have been trying to diversify my plethora of skills and pursue an education in economics and finance but that's a lot of talk. What I'm just wondering, in the midst of this current fat market correction, how can anyone be bullish on the dollar? (RSI + institutional instability + Powell not reassuring anyone in regards to inflation) But maybe I'm forgetting how fucked the EUR is compared to the dollar (which is the main idea behind currency trading: one currency VS another). We'll see what the NonFarm Payrolls report brings to the table.

below is oandas order book.

on eu it has never been wrong the past 3 weeks.

i use it for intraday trading reversals.

so, dudes at #1 are loosing buyers
those dudes have their stops at ckuster #3 left side (not too many of them use stops)

what i am interested in is seeing them loose their money and that big amount of long positions gets reduced to dust by opening sell orders (aka closing their long positions). that will push price down and sort winners will start accumulating at cluster #2 placing their tp's at cluster #3 right side.

so what we want to see essentially is picture number 2 (the opposite of it actually but i do not hapen to have another good example) to go long for 100+ pips

this setup has worked wonders for me on eu and eu alone. t can only be forward trested, not backtested, it is not for the faint hearted.


so point is... i want to buy eu cheaper, its fuckin expensive right now, not enough sellers are in profit for it to reverse accoring to this strategy.
accorind to my other strategy i should already be riding longs, thank god i didnt buy

waiting on the sidelines to see 1,188-1,9 levels get tested and decide then

what i want to see to enter longs is this clusters get filled

It is possible , USA is stronger economy

???

You broke the rules more than 3 times.

Come on the now, the clue's in the name of the thread 'EURUSD only'