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EURUSD

  • #1,191,881
  • Mar 11, 2021 7:23pm Mar 11, 2021 7:23pm
Quoting here2there
{quote} I've told you before that it isn't that simple. Your chart doesn't convince me that there is no correlation. It is important to note that a correlation doesn't have to be perfect in order for there to be a correlation. Moreover, correlations can appear more clearly on specific timeframes while not being so clear on others. It's not so much a matter of looking at lines on a chart as it is a matter of strength vs weakness. We will just have to agree to disagree.
In this case about correlation between bitcoin and EURUSD, you are wrong. There is no correlation at all, if you can prove it on the charts, would like to see it. So far I have proven that there is absolutely no correlation between bitcoin and EURUSD at all. There is nothing between these two that correlate, zero, nothing.

I will attach EURUSD and BTCUSD with following charts: 1min, 5min, 15min, 30min, 1h, 4h, D, W, M and show me the correlation.
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  • #1,191,882
  • Mar 11, 2021 7:40pm Mar 11, 2021 7:40pm
Quoting Techanalyst
{quote} In this case about correlation between bitcoin and EURUSD, you are wrong. There is no correlation at all, if you can prove it on the charts, would like to see it. So far I have proven that there is absolutely no correlation between bitcoin and EURUSD at all. There is nothing between these to that correlate, zero, nothing. I will attach EURUSD and BTCUSD with following charts: 1min, 5min, 15min, 30min, 1h, 4h, D, W, M and show me the correlation. {image} {image} {image} {image} {image} {image} {image} {image} {image}
Wow, you are really going all out here! I appreciate the time you have put into this.

Here is another way to look at it when measuring strength and weakness for BTCUSD. When USD shows signs of strength, both EURUSD and BTCUSD show signs of weakness, and vice versa. When I see BTC increasing in strength, I know USD is decreasing in strength. I can also use this information for trading EURUSD. Granted, bringing EURUSD into it is not perfect, but it can be helpful. It all depends on time and context.
Learn from your mistakes and march on.
  • #1,191,883
  • Mar 11, 2021 7:46pm Mar 11, 2021 7:46pm
4HR is massively above 0 on the MACD so still hitting longs on the 30M chart (when below 0 on MACD).

Friday weird day tomorrow though so will see how things play out but right now I am looking at 1.2050 to TP which is also R38 on weekly fib pivot.

Only my opinion, could be wrong
You can lead a horse to water, but you can't make it drink
  • #1,191,884
  • Mar 11, 2021 8:36pm Mar 11, 2021 8:36pm
Quoting here2there
{quote} Wow, you are really going all out here! I appreciate the time you have put into this. Here is another way to look at it when measuring strength and weakness for BTCUSD. When USD shows signs of strength, both EURUSD and BTCUSD show signs of weakness, and vice versa. When I see BTC increasing in strength, I know USD is decreasing in strength. I can also use this information for trading EURUSD. Granted, bringing EURUSD into it is not perfect, but it can be helpful. It all depends on time and context.
But they do not both show sign of weakness. These charts show that even if EUR either strong or weak vs USD, Bitcoin is strong and just going up. Where is correlation? Take a look that is both monthly chart and looking from 2012. Bitcoin is on it's own and EURUSD is on it's own.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD.png Size: 209 KB
  • #1,191,885
  • Mar 11, 2021 9:24pm Mar 11, 2021 9:24pm
Quoting Techanalyst
{quote} But they do not both show sign of weakness. These charts show that even if EUR either strong or weak vs USD, Bitcoin is strong and just going up. Where is correlation? Take a look that is both monthly chart and looking from 2012. Bitcoin is on it's own and EURUSD is on it's own. {image}
Bitcoin is much larger, and that is why it isn't so easy to see the correlation. You are comparing a 50k plus asset with a 1.19 EURO. You have to look at it in a different way to see what I mean.

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD.png Size: 44 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: DXY.png Size: 38 KB
Learn from your mistakes and march on.
  • #1,191,886
  • Mar 11, 2021 9:35pm Mar 11, 2021 9:35pm
Quoting Techanalyst
{quote} Bitcoin is on it's own and EURUSD is on it's own. {image}
What I see in EURUSD relative to the price action of BTCUSD is obviously not as strong as what can be seen in DXY. It's not perfect. But something is there, and what is there can be helpful at times and within certain contexts.

Anyway, I think you will find this video to be interesting. It's worth watching.

Inserted Video
Learn from your mistakes and march on.
  • #1,191,887
  • Mar 11, 2021 11:07pm Mar 11, 2021 11:07pm
1.2
Attached Image
  • #1,191,888
  • Mar 12, 2021 12:00am Mar 12, 2021 12:00am
My point of view for today for the EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd12032021.png Size: 32 KB
  • #1,191,889
  • Mar 12, 2021 12:01am Mar 12, 2021 12:01am
Quoting PatienceFx
1.2 {image}
Or 1.1924-1.1945?
  • #1,191,890
  • Mar 12, 2021 12:14am Mar 12, 2021 12:14am
Good morning. EU is bullish, support is at 1900/30 and resistance at 1990/2000.

Not significant releases on the calendar, profit taking Friday.

Have a great trading day ahead.
Looking for profitable short term trades ...|
  • #1,191,891
  • Mar 12, 2021 1:51am Mar 12, 2021 1:51am
Today's
Support & Resistance levels for EURO on Meta Trader Templates

EURO S/R
EURO CONFULUENCE POWER ZONES

NAKED VPOCs 1.1896,1.2037,1.2085,1.2153

https://www.forexfactory.com/thread/...4#post13448724
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,191,892
  • Mar 12, 2021 1:51am Mar 12, 2021 1:51am
Attached Image (click to enlarge)
Click to Enlarge Name: 0e95557177c89239c67452a8bd856b1a.png Size: 200 KB

Hi , guys.....It s early to say anything . My SL is at 1.19 91 fttb .

  • #1,191,893
  • Mar 12, 2021 2:10am Mar 12, 2021 2:10am
Quoting Leesi
{quote} Or 1.1924-1.1945?
i made a blunder again, i know
  • #1,191,894
  • Mar 12, 2021 2:38am Mar 12, 2021 2:38am
How low do you think it will go?
  • #1,191,895
  • Mar 12, 2021 2:55am Mar 12, 2021 2:55am
I need a flat for buy position .
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 68 KB
  • #1,191,896
  • Mar 12, 2021 3:22am Mar 12, 2021 3:22am
try this indicator on any time frame any pair and post your results

try to fail this indicator , the first person to fail this indicator wins

no need for any other indicator on chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 21 KB
Attached File(s)
File Type: ex4 Signal.ex4   7 KB | 477 downloads
  • #1,191,897
  • Mar 12, 2021 3:27am Mar 12, 2021 3:27am
Quoting PatienceFx
try this indicator on any time frame any pair and post your results try to fail this indicator , the first person to fail this indicator wins no need for any other indicator on chart {file} {image}
Problem is that I trade on MT5 so it is useless
  • #1,191,898
  • Mar 12, 2021 3:29am Mar 12, 2021 3:29am
Quoting PatienceFx
{quote} i made a blunder again, i know
Then now tske a risk and buy and try your luck!
Edit: else wait for other pundits call..! They might give u right clue
  • #1,191,899
  • Mar 12, 2021 3:30am Mar 12, 2021 3:30am
Quoting PatienceFx
try this indicator on any time frame any pair and post your results try to fail this indicator , the first person to fail this indicator wins no need for any other indicator on chart {file} {image}
Just don't bet your house, try on demo.

Quoting Js3mwtRc
{quote} Lucky I was out of these at Monday, but 1952 was a good swing low and bears target 1800 again. Out of my yesterday short and selling again here. Edit:wow, its moving down, feels like I got the jackpot, but still long way to go You can still join!
Out of my short. Friday this may turn up again.
Looking for profitable short term trades ...|
  • #1,191,900
  • Mar 12, 2021 3:36am Mar 12, 2021 3:36am
Attached Image (click to enlarge)
Click to Enlarge Name: 1b6a9305b6f36b40262231b1a8099905.png Size: 200 KB

Took PP at 1.19 205 Now watching .

165 traders viewing now