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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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EURUSD

6 month chart with range and lines
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Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
What happened to this thread?

It's become a total shit-show again. We had some great discussions all week until tibor showed his face and began antagonizing everyone. Hopefully Twee does something about him, it's become more than annoying now.

Regarding the never-ending debate between technical vs fundamental, I've always been of the view that fundamentals decide the overall bias/direction in the bigger picture, while technicals are what deliver the price in that direction. That view has never changed. Price targets liquidity and moves between supply/demand as start/stop/continuation zones. It's really that simple.

While I think fundamentals are very important as the backdrop and the bias that feeds the higher timeframes, one doesn't need to micromanage the news, as most fundamental events are priced in on the lower timeframes. That being said, fundamentals obviously play the dominant role when there's unexpected and spontaneous news. Let's say Mt. Rainier erupts tomorrow and wipes out the Seattle/Tacoma area...I don't care what the charts say, the USD will be hurt by it, at least in the intermediate term. But let's say the Yellowstone Caldera erupts and half of the United States is under a six inches of soot, and the country suddenly stops working...then yeah, technicals won't mean shit then. The big banks will dump the USD like it never existed.

Regarding current EU, the only fundamental event I place high importance on happened in June of 2021 where they talked about tapering and announced their intention of raising interest rates this year. That's enough for me to know this pair is bearish, and has been since then. So my overall bias is bearish...to about 1.06. There's an unmitigated portion of a daily demand zone between 0600-0630 that I believe is the target. Maybe not this upcoming week, but possibly this month. I can see it being hit most likely in the form of a liquidity grab, (candle with a very long wick).

Let's see what happens.
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Folks are picking fights out of nowhere now. I think if a moderator stepped in now, it'd be an appropriate time. Honestly the fundamental vs technical argument is so ridiculously tired out. I'm barely 6 months into my live trading learning and even I know that that argument is 100% a waste of time. Most traders I speak with, winning/losing/breaking even, use varying degrees of both depending on the situation. Even the so-called "fundamentalists" in this thread use TA.

Anyway, the arguments in this thread seem to escalate after major moves in the market. Connect the dots
Trying my best.
Quoting moondoggie
Folks are picking fights out of nowhere now. I think if a moderator stepped in now, it'd be an appropriate time. Honestly the fundamental vs technical argument is so ridiculously tired out. I'm barely 6 months into my live trading learning and even I know that that argument is 100% a waste of time. Most traders I speak with, winning/losing/breaking even, use varying degrees of both depending on the situation. Even the so-called "fundamentalists" in this thread use TA. Anyway, the arguments in this thread seem to escalate after major moves in the...
The op is long gone so nothing much we can do bout it.
Fundamental provide Volume, Technical shows Direction
The price stoped some pips above 20 bollinger upper band at the 50 daily ma and droped back at the monthly pivot and above 20 daily ma.

I am waiting for a break below 1.1000 this week, or a rise above the last resistance level that could lead the price around the 100 daily ma where the next selling opportunity is located for me (see image up arrow).

News will play a role too and FF calendar is good for this job.

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Feels right this time!
Quoting fxpipper
What happened to this thread? It's become a total shit-show again. We had some great discussions all week until tibor showed his face and began antagonizing everyone. Hopefully Twee does something about him, it's become more than annoying now. Regarding the never-ending debate between technical vs fundamental, I've always been of the view that fundamentals decide the overall bias/direction in the bigger picture, while technicals are what deliver the price in that direction. That view has never changed. Price targets liquidity and moves between supply/demand...
This is becouse here is no thread starter or admin who keeping place cleen like in EU only Ata. This is why I No posting here anymore, here is all but not tradings views, cheers!
People don't plan to lose. They lose because they don't plan.
I love this thread because there are no dictators here, each person is free to post his views and each person is free to decide who goes on his or her personal ignore list

even price is free to decide in which direction it wishes to go ; in this thread lol
performance is everything, nothing else matters
EURUSD price action on the daily time frame is in consolidating mode within a rising wedge in the context of a bearish technical environment. On Wednesday, price action retested the wedge resistance trendline and the 1.11200 horizontal resistance (red), but a bearish rejection candlestick was issued on Thursday. Friday’s bearish continuation print was not significant as price action tackles the upper boundary of the significant 1.10200/1.07300 monthly demand zone (green). We may see further bearish push in the early part of this week, but we cannot rule out further corrective price action as the 1.10200/1.07300 monthly demand zone (green) is tackled.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
Quoting KeenPips
EURUSD price action on the daily time frame is in consolidating mode within a rising wedge in the context of a bearish technical environment. On Wednesday, price action retested the wedge resistance trendline and the 1.11200 horizontal resistance (red), but a bearish rejection candlestick was issued on Thursday. Friday’s bearish continuation print was not significant as price action tackles the upper boundary of the significant 1.10200/1.07300 monthly demand zone (green). We may see further bearish push in the early part of this week, but we cannot...
I enjoy your Sunday analysis very much.

The thing about the rising wedge/channel, it's very subjective especially after the fact. I've been looking at it as a rising wedge as well, but as more of a triangular pennant. These channels and pennants build liquidity on both sides to fool buyers and sellers alike, and eventually take both sides out. I think we saw that happen last week and this pair is now poised to continue down. I see maybe one last push up to near 1100 to fill a lower TF supply zone, then continuation bearish.
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Thanks mate for your kind sentiment. Regarding pattern trading, really I'm not a pattern trader. I look at the context, order flow, preceding trend and, being a medium-term swing trader, the W1 tf trend.

Trade safe, prosper.

KP

Quoting fxpipper
{quote} I enjoy your Sunday analysis very much. The thing about the rising wedge/channel, it's very subjective especially after the fact. ...
Do your homework, follow the footprints of smart money
Quoting KeenPips
Thanks mate for your kind sentiment. Regarding pattern trading, really I'm not a pattern trader. I look at the context, order flow, preceding trend and, being a medium-term swing trader, the W1 tf trend. Trade safe, prosper. KP {quote}
I don't do pattern trading anymore either, I was just trying to highlight the fallacy of the whole thing. Of people drawing trendlines/channels and how sooner or later they will be taken out.
Noted lol!

KP

Quoting fxpipper
{quote} I don't do pattern trading anymore either, I was just trying to highlight the fallacy of the whole thing. Of people drawing trendlines/channels and how sooner or later they will be taken out.
Do your homework, follow the footprints of smart money
https://www.tradingview.com/chart/EU...-EURUSD-SHORT/

I am feeling really bearish on EU
Quoting KeenPips
EURUSD price action on the daily time frame is in consolidating mode within a rising wedge in the context of a bearish technical environment. On Wednesday, price action retested the wedge resistance trendline and the 1.11200 horizontal resistance (red), but a bearish rejection candlestick was issued on Thursday. Friday’s bearish continuation print was not significant as price action tackles the upper boundary of the significant 1.10200/1.07300 monthly demand zone (green). We may see further bearish push in the early part of this week, but we cannot...
I see bears coming in hot bro
Quoting fxpipper
{quote} I enjoy your Sunday analysis very much. The thing about the rising wedge/channel, it's very subjective especially after the fact. I've been looking at it as a rising wedge as well, but as more of a triangular pennant. These channels and pennants build liquidity on both sides to fool buyers and sellers alike, and eventually take both sides out. I think we saw that happen last week and this pair is now poised to continue down. I see maybe one last push up to near 1100 to fill a lower TF supply zone, then continuation bearish. {image} {image}...
I had quit trading chart patterns years ago. It is so subjective I like to use real time stats and react to what the market is telling me.
Quoting navyforex
{quote} I had quit trading chart patterns years ago. It is so subjective I like to use real time stats and react to what the market is telling me.
good to know but what do you mean by real time stats - interest rates, cpi, etc + candle stick patterns on hourly /daily timeframe?
How do u analyse. Pls share. It would be interesting to learn as some of us only look at chart patterns.
Thanks
Quoting forkstrader
{quote} good to know but what do you mean by real time stats - interest rates, cpi, etc + candle stick patterns on hourly /daily timeframe? How do u analyse. Pls share. It would be interesting to learn as some of us only look at chart patterns. Thanks
I just looked at what price tell me. It’s like reading a book I don’t assume each chapter is gonna be the same because of previous chapters/story lines so I just see what is presented to me and react to that which is price
Quoting tiborf71
{quote} mate. i looked at the chart but only a huge DD i see. and do you think that is good? h4.
Do you know how many demo accounts I made since 2006 ?
If you don't know then just shut up LMAO
performance is everything, nothing else matters
Likely good correction possible to even bull try. Take care
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EU is sleeping yet and until volatility comes back for the new week it will range inside a tight range 1076/1028.

Here is a 4H chart so you can see where some levels are located, hope it helps!

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Until Wednesday FOMC will keep it down, but peace talks, or other good news would be suprises and bears should wait to fade them, so stay alert.
Feels right this time!
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