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EURUSD

  • #1,198,461
  • Aug 11, 2021 1:02am Aug 11, 2021 1:02am
Quoting JauntyLoon
Good to know it's not just me that experiences a lot of pain and frustration with FX (even the supposedly beginner-friendly EUR/USD). I only seem to be able to make money consistently when buying and holding stocks on a daily time frame. Better than nothing I suppose.
I had the same problem, but with the time I used more strategies and learned its tricks also by looking many hours at screen.

When the price keeps droping its good to follow the trend and when its consolidating selling/buying highs and lows is a better option.

You just have to find what is the best for you, stick to it and then you will be able to trade both ways later in a trending market or, not.
Looking for profitable short term trades ...|
  • #1,198,462
  • Aug 11, 2021 4:05am Aug 11, 2021 4:05am
Trading is actually easier than it looks. Don't even need candlestick charts (sure as hell helps though)
I can say that now, of course.

Anyway, a buy opportunity presented out of London, but it has gone nowhere and failed to rotate, so my counter trade gets taken off for +1
Price could go anywhere now. Most likely down.
  • #1,198,463
  • Aug 11, 2021 4:54am Aug 11, 2021 4:54am
EURUSD will likelly clear this long tail gap from Nov. 2020 US elections.


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Looking for profitable short term trades ...|
  • #1,198,464
  • Aug 11, 2021 5:06am Aug 11, 2021 5:06am
Quoting Filipo1
Timber!
See you at 1.15 if current support at 1.17 can’t resist.
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I used to be indecisive but now I'm not so sure...
  • #1,198,465
  • Aug 11, 2021 5:26am Aug 11, 2021 5:26am
When stories writers scare you.. Realise they are accumulating by fooling you
  • #1,198,466
  • Aug 11, 2021 5:34am Aug 11, 2021 5:34am
Lol.... What is the next long story
  • #1,198,467
  • Aug 11, 2021 5:47am Aug 11, 2021 5:47am
Quoting Leesi
Lol.... What is the next long story
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  • #1,198,468
  • Aug 11, 2021 5:50am Aug 11, 2021 5:50am
Quoting PatienceFx
{quote} {image}
What will be the target price for your current buy?
  • #1,198,469
  • Aug 11, 2021 6:10am Aug 11, 2021 6:10am
Few smart story tellers to grab attention have their own rules... Write bold letters to fool retailers and admin close their eyes when others do it...
If you question them the admin simply ban them..
Lol..
  • #1,198,470
  • Aug 11, 2021 6:23am Aug 11, 2021 6:23am
Quoting alexgann
{quote} what will be the target price for your current buy?
in trend trading we never set targets, we wait for reversal signs
  • #1,198,471
  • Aug 11, 2021 6:30am Aug 11, 2021 6:30am
Quoting PatienceFx
{quote} in trend trading we never set targets, we wait for reversal signs
when we set targets, we miss the extra that could have been collected and then we make basic trading mistakes out of greed like leesi
  • #1,198,472
  • Aug 11, 2021 6:31am Aug 11, 2021 6:31am
Quoting PatienceFx
{quote} in trend trading we never set targets, we wait for reversal signs
i am new to this trend trading. so what should i look for as a reversal sign in your chart. i can see you have bollinger band setup in your chart so what will be the reversal sign?
  • #1,198,473
  • Aug 11, 2021 6:34am Aug 11, 2021 6:34am
i am only interested in seeing which fib level will resist and i will get my short entry
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  • #1,198,474
  • Aug 11, 2021 6:37am Aug 11, 2021 6:37am
Quoting AlexGann
{quote} i am new to this trend trading. so what should i look for as a reversal sign in your chart. i can see you have bollinger band setup in your chart so what will be the reversal sign?
on mt4 we have charts history , you can go back several days / months / years

use these history charts to find how a reversal formed and what is the best way to read it

use chart hhistory to teach yourself
  • #1,198,475
  • Aug 11, 2021 6:40am Aug 11, 2021 6:40am
Quoting PatienceFx
{quote} on mt4 we have charts history , you can go back several days / months / years use these history charts to find how a reversal formed and what is the best way to read it use chart hhistory to teach yourself
like lee teaches himself when his wife last slapped him and for what mistake, he will never repeat that mistake again
  • #1,198,476
  • Aug 11, 2021 6:45am Aug 11, 2021 6:45am
CPI news caused the spike, Fed Budget balance news will set the tone

if it is less than -305 B usd will strengthen dropping EU in this case my exit will be near 1750
  • #1,198,477
  • Aug 11, 2021 6:47am Aug 11, 2021 6:47am
Quoting PatienceFx
i am only interested in seeing which fib level will resist and i will get my short entry {image}
So closing the buy n opening a sell at specific fib level where price feels resistence, right? is there any way i can read about your trading method on FF posts where you have explain this scenarios so i dont need to ask you these questions about target, SL, resistance, supports.
Thank you
  • #1,198,478
  • Aug 11, 2021 6:53am Aug 11, 2021 6:53am
Quoting AlexGann
{quote} So closing the buy n opening a sell at specific fib level where price feels resistence, right? is there any way i can read about your trading method on FF posts where you have explain this scenarios so i dont need to ask you these questions about target, SL, resistance, supports. Thank you
news events cause price movevements

technical indicator 14 sma was saying eu is bearish ; but the news caused a spke and all indicators changed ?

indicators follow price they never predict price
===================================
  • #1,198,479
  • Aug 11, 2021 6:55am Aug 11, 2021 6:55am
Quoting PatienceFx
{quote} news events cause price movevements technical indicator 14 sma was saying eu is bearish ; but the news caused a spke and all indicators changed ? indicators follow price they never predict price ===================================
so any indicator does not have the ability to give a good trade

try reading chart history without indicators
  • #1,198,480
  • Aug 11, 2021 6:58am Aug 11, 2021 6:58am
Quoting PatienceFx
{quote} so any indicator does not have the ability to give a good trade try reading chart history without indicators
Thank you for valuable info.
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