EURUSD

Better to wait than to be sorry for not waiting.

COT + market momentum

That's where I am currently sitting. Wasn't in that trade long at all.

See how the 8 Period Daily EMA is working as resistance on the 4HR.


The following indicator allows you to set this up. I recommend setting the EMAs to period 8 for the Daily, Weekly, and Monthly. You can do all of this within a single indicator.


It's funny how intolerant people like Ata-Turkoglu have hundreds of subscribers. He apparently bans people who take issue with his trading methods and ideas. Years ago, he banned me from the EURUSD Only thread, apparently because I didn't respond favorably to his Harmonic Pattern trading idea. And yet people like me who go out of their way to freely teach others in here how to become better traders have so few subscribers. FF is a strange place.

I was waiting something like, this today P/C ratio was -0.7 points down and retail stoped adding shorts.

They may bought, or getting ready to buy EURUSD. For me this is a bullish signal, but there is not a need for hurry.

https://www.efxdata.com/insights/127...87c91f244.html

price dropping further, SO NOT IN A HURRY TO BUY
indicator used attached

If the Daily closes Bearish Engulfing, watch out for the minor retracements!

Note: You don't always have to use the minor retracements for limit orders. They can also be used as a guide for market orders. It all depends on your risk tolerance. You can draw your lines on the Daily candle and drop down to the 4HR for possible entry signals.

Do keep in mind that EURUSD is still trending up according to the Weekly 8 period EMA as viewed on the Daily chart. I have uploaded an indicator in a recent comment that allows you to see MAs from higher time frames on lower time frames. Those who have been paying attention (my FF subscribers) should already be aware of this.

EURUSD is essentially bullish. Be careful if you plan to trade against the main trend. With proper money management and optimal trading entries, one can trade against the trend profitably, but extra caution must be taken when doing so.

Staying the course........Recent low = 1.21 90 ..... I have my SL at 122 40 far away so it can not be hit by the RBs.......

I believe that it can go lower. Patience.

4 hours chart



US GDP tomorrow

watch for this setup to go long tomorrow

I am dropping down to the 1HR and looking for a buying opportunity. If the Daily closes Bearish engulfing, then I will be looking to trade the range. If the Daily turns bearish, then I will be looking to short down to the Weekly 8 Period EMA.

weekly pivot becomes the base, if price stays below then i will only sell

whether the buyers have the strength after the bearish target is reached today, if not ....... let's sell again for tomorrow

looking 4 good position to add more short for me

Daily candle closed Bearish Engulfing. Therefore, I will be looking to short EURUSD. I might also buy into the pullback.

Wait, what?! I thought for sure I had subscribed to you a long time ago, but I just checked and nope. Weird. Oh well, I just fixed that.

21846 - 21743 is a key area of support. Be careful here! Other things to consider: the Weekly pivot is here, and the 74.6% fib is here.

EURUSD 4HR

Thanks. I appreciate that.

The fact we couldn't hold 1.2230 means we are short.
In hindsight I can see what's now happening.
Range broken above 1.2245 with a bull trap - now it's dropping into a trend (at last)
Market profile reveals that if we get a pullback so short, it should be around 1.2211
let's hope for it.