Attachments: EURUSD only

EURUSD only

#131,841
May 8, 2021 3:55pm May 8, 2021 3:55pm

SilentFather
Joined Jul 2018 | Status: Hello | 798 Posts

Quoting corongumet

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{quote} If counting an elliot wave its complate cycle but. Its not correlate about big future. So im waiting for it. If its must be correlate? Eurusd must be rebounce on 1.14. If we need recalculate, its time to make wave 1.

Ignored

Sure. Well actually I'm not really sure what will happen. Those lines are created cca every month. Those you see are from 30.3.2021 because lines from february were close to those because market was not moving that much. They work kinda well. If I understand them correctly, you should buy and sell on those lines. Sometimes price touches them and move immediately and sometimes don't. Still working on trading them properly actually. But that last move from yellow line was great. My idea is to trade with small account + big leverage. Combine these two and just hit good trade.

I'm big dreamer maybe, yes, but the possibility is there. Nothing is impossible my friends. I know we can achieve it.

SF

#131,842
May 8, 2021 5:12pm May 8, 2021 5:12pm

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,111 Posts

Bearish Shark Pattern on H4

The anticipated pattern should normally complete at point d: 1.2177 but could rise up to 1.2215 in extension with momentum.. A touch to the dashed-red trend line is a no no and would cancel the pattern! (In other words the bull rally has to fall short not being able to touch the dashed-red line)

Target would be roughly around 1.2065 (more likely) and if we see very strong momentum it could even go all the way down to 1.1975 area.. (big maybe)

*h: means the distance on both sides is equally projected!
**Shark patterns generally move very fast towards TP levels.. Careful with fresh longs!

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Focus only on what truly matters!

#131,843
May 8, 2021 5:42pm May 8, 2021 5:42pm

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

Daily levels

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#131,844
May 9, 2021 4:14am May 9, 2021 4:14am

eurusd-thijs
Joined Jul 2020 | Status: Trader | 999 Posts

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Seeing the daily april moves of the dxy a continuation below 90.00 is on the cards, which could indicate a move far above 1.2200 for eurusd.

Trends have a higher probability of continuing than not.

#131,845
May 9, 2021 4:47am May 9, 2021 4:47am

imwim
| Joined Mar 2017 | Status: Trader | 1,637 Posts

Quoting eurusd-thijs

Disliked

{image}Seeing the daily april moves of the dxy a continuation below 90.00 is on the cards, which could indicate a move far above 1.2200 for eurusd.

Ignored

EURX (106.93) is very close to 3 years high (108.04 on May 14, 2018), while USDX (90.21) is very close to 3 years low (89.21 on Jan 6, 2021, the lowest value since May 8, 2018), so most likely the end of USD decline and EUR rising is near the corner, sooner than later...

I am who I am

#131,846
May 9, 2021 7:27am May 9, 2021 7:27am

mtako
Joined Sep 2020 | Status: Trader | 8,702 Posts

Quoting yvestrcz

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Those who do it for a living, what is the average value of your pip earned? I am not asking about your won/lost ratio as it is an intimate information, just like the profit you make. Or perhaps, if you can't share the value, then I'd be interested to learn about what your plan is a week/month in terms of net pips earned? Thanks for whatever you can share. Anyone trading solely EUR/USD out of those who make money for a living out of trading?

Ignored

Quoting tonyb123

Disliked

{quote} I do not use a static or average pip value when trading. Every entry level in relation to the current market movement and potential take profit price has it's own value for my system. I cannot speak for anyone else but that is the way I do it.

Ignored

Me and tonyb123 are similar animals in that regard. Also, now that I think about it, the only place I actually think in terms of "how many pips" is right here on FF

!

As for plans for earnings, I have given up on those a long time ago. I am good at following my rules while reacting to price movement, and just accepting what my system of strategies can get me. I am not good at much else. My return/drawdown has stayed high enough for me throughout the years. That is what matters to me.

Back to the subject. I have no clue what will happen Monday

! Just have the many "ifs" and the many " than I do this " that comes with them ! I could write another too huge

of a post on a couple of those ifs

Hope all of you have been/are able to take advantage of the weekend

If I don't mention SL and/or TP = longer-term setup possibly in the works!

#131,847
May 9, 2021 8:01am May 9, 2021 8:01am

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

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#131,848
May 9, 2021 9:58am May 9, 2021 9:58am

corongumet
Joined Dec 2018 | Status: Trader | 1,483 Posts

Quoting macdulio

Disliked

{image}

Ignored

What the mean of it?

#131,849
Edited 11:12am May 9, 2021 10:26am | Edited 11:12am

tonyb123
Joined Jun 2009 | Status: Trader | 1,734 Posts

The market completed the green ABCD, then it completed a 10-90-10 purple sequence. This is what caused the market to pullback to 1.1985. Current C (yellow).
My D is 1.2206 with a deviation of 20 pips above, 1.2226. After hitting the TP, I expect the market to move back down to the 1.2160 (EDIT 1.2060-1.1880) and below to begin accumulation again.

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MY GRID. Markets are NOT random.

#131,850
May 9, 2021 10:42am May 9, 2021 10:42am

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

Quoting corongumet

Disliked

{quote} What the mean of it?

Ignored

It means that to service the debt, Europe is way more desperate to weaken their currency than the USA where this ratio is still below 50%.

The deflationary forces would lead to an economic implosion. Recovery cannot happen when the currency is appreciating.

Japan has been in deflation since the 90s - their stock market peaked back then.

#131,851
May 9, 2021 2:13pm May 9, 2021 2:13pm

mysterio
Joined Sep 2009 | Status: Trader | 6,009 Posts

Curious if lightning will strike twice here. Heading into the same supply and channel edge that caused the break down last time.

https://www.tradingview.com/x/9XoX7UKc/

#131,852
May 9, 2021 2:54pm May 9, 2021 2:54pm

chrissfx
| Joined Dec 2011 | Status: Trader | 525 Posts

Quoting yvestrcz

Disliked

Those who do it for a living, what is the average value of your pip earned? I am not asking about your won/lost ratio as it is an intimate information, just like the profit you make. Or perhaps, if you can't share the value, then I'd be interested to learn about what your plan is a week/month in terms of net pips earned? Thanks for whatever you can share. Anyone trading solely EUR/USD out of those who make money for a living out of trading?

Ignored

Hi,
you have to calculate always with percent of account. The pips are a result of you're analysis within the actual market conditions.
20 pips per day is a advertising claim... nothing more.

Best
Chriss

#131,853
May 9, 2021 2:56pm May 9, 2021 2:56pm

Traderview
Joined Sep 2017 | Status: Trader | 4,492 Posts

Quoting Ata-Turkoglu

Disliked

Bearish Shark Pattern on H4 The anticipated pattern should normally complete at point d: 1.2177 but could rise up to 1.2215 in extension with momentum.. A touch to the dashed-red trend line is a no no and would cancel the pattern! (In other words the bull rally has to fall short not being able to touch the dashed-red line) Target would be roughly around 1.2065 (more likely) and if we see very strong momentum it could even go all the way down to 1.1975 area.. (big maybe) *h: means the distance on both sides is equally projected! **Shark patterns...

Ignored

I think it's right on target of 1.2214. But It could go to 1.2252. I think the moves or breakouts above 1.2214 are manipulative.
These prices perfectly sits at the '' M '' pattern.

One more caveat. 1.2168 is the bad ass resistance or could be a supportive.

The prices to watch 1.2168 - 1.2193 - 1.2214 - 1.2265

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