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  • #1,213,841
  • Apr 24, 2022 1:53pm Apr 24, 2022 1:53pm
Quoting ForexGoose
Maybe there will be a EUR rally {image}
And a big one , I suspect...... Be carefull , don't short it.....

  • #1,213,842
  • Apr 24, 2022 3:24pm Apr 24, 2022 3:24pm
Quoting BlueGas
Just found this on reddit i hope noone takes this seriously {image}
This reminds me of a comment I read. The person who wrote the comment was telling people to buy when price crosses overbought on RSI, and sell when price crosses oversold on RSI. I have noticed there is some truth to this strategy. However, as with any strategy, there is always a risk.

Note: this is not financial advice.
Learn from your mistakes and march on.
  • #1,213,843
  • Apr 24, 2022 3:31pm Apr 24, 2022 3:31pm
Quoting here2there
{quote} This reminds me of a comment I read. The person who wrote the comment was telling people to buy when RSI reaches overbought and sell when RSI reaches oversold. If you look at a chart with RSI attached to it, you should see there is some truth to this strategy. However, as with any strategy, there is always a risk. Note: this is not financial advice.
Maybe with proper MM could actually be profitable . Ive also heard a story of a actually profitable trader, who was actively searching for traders who are consistenly losing. And he was just taking counter trades. Dont know the details, but something in that manner.
  • #1,213,844
  • Apr 24, 2022 3:33pm Apr 24, 2022 3:33pm
Quoting BlueGas
{quote} Maybe with proper MM could actually be profitable . Ive also heard a story of a actually profitable trader, who was actively searching for traders who are consistenly losing. And he was just taking counter trades. Dont know the details, but something in that manner.
Someone also said that if you are always losing, then do the opposite of what you would normally do.
Learn from your mistakes and march on.
  • #1,213,845
  • Apr 24, 2022 3:33pm Apr 24, 2022 3:33pm
The technical structure of EURUSD on the daily time frame is bearish – the 1.08700 former horizontal support area (purple) having been flipped as resistance. However, presently, EURUSD price action is sideways.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,213,846
  • Apr 24, 2022 3:39pm Apr 24, 2022 3:39pm
Quoting KeenPips
The technical structure of EURUSD on the daily time frame is bearish....EURUSD price action is sideways.
No kidding!
Learn from your mistakes and march on.
  • #1,213,847
  • Apr 24, 2022 4:39pm Apr 24, 2022 4:39pm
For the benefit of new members who may not understand how to handle this technical situation, here's what I recommend.

The EURUSD technical environment is bearish on the D1 tf but the current price action is sideways, i.e., a pause in directional momentum or an indecision in market play. You may wait until there is clear directional alignment, i.e., when the price action is in bearish mode and is aligned with the technical context. This is recommended for e.g., medium-term swing trading and trend following strategy. If you trade on Monday and there is still no directional momentum, you may use a set-up on a lower time frame, e.g., H1 or M15 that aligns with the H4 tf technical environment but avoid lingering in the market. For me, I don't trade on Mondays and also I swing trade.

Trade safe, prosper.

KP

Quoting KeenPips
The technical structure of EURUSD on the daily time frame is bearish – the 1.08700 former horizontal support area (purple) having been flipped as resistance. However, presently, EURUSD price action is sideways. I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #1,213,848
  • Apr 24, 2022 4:42pm Apr 24, 2022 4:42pm
Quoting BlueGas
{quote} Maybe with proper MM could actually be profitable . Ive also heard a story of a actually profitable trader, who was actively searching for traders who are consistenly losing. And he was just taking counter trades. Dont know the details, but something in that manner.


Ive also heard a story of a actually profitable trader, who was actively searching for traders who are consistenly losing. And he was just taking counter trades.

thats just some Rubbish Greg Seckers boys put out to get you to sign up for his courses, dont be fooled
  • #1,213,849
  • Apr 24, 2022 4:46pm Apr 24, 2022 4:46pm
Quoting T721
{quote} Ive also heard a story of a actually profitable trader, who was actively searching for traders who are consistenly losing. And he was just taking counter trades. thats just some Rubbish Greg Seckers boys put out to get you to sign up for his courses, dont be fooled
Nah... I think i was listening to trader Dante stories some years ago. Where can i find the course?
  • #1,213,850
  • Apr 24, 2022 4:53pm Apr 24, 2022 4:53pm
Quoting BlueGas
{quote} Nah... I think i was listening to trader Dante stories some years ago. Where can i find the course?
Dante is a laugh, great to listen to

on a side note just took some shorts on EG for a swing. that high at 8440 looks like a liquid lunch. soon find out in next few days
  • #1,213,851
  • Apr 24, 2022 5:26pm Apr 24, 2022 5:26pm
Quoting F.g
{quote} And a big one , I suspect...... Be carefull , don't short it.....
I take back my advice . . . . No bullish gap. I just watch.

  • #1,213,852
  • Apr 24, 2022 7:51pm Apr 24, 2022 7:51pm
The 2 % trade rule actually did wonders
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  • #1,213,853
  • Apr 24, 2022 8:09pm Apr 24, 2022 8:09pm
High of this week as SL
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  • #1,213,854
  • Apr 24, 2022 8:33pm Apr 24, 2022 8:33pm
Quoting Js3mwtRc
{quote} In the chart 50/200 is ready to cross in a few weeks, but most of the times these crosses result in a retrace first
Yes, they do
  • #1,213,855
  • Apr 24, 2022 8:36pm Apr 24, 2022 8:36pm
Quoting JauntyLoon
{quote} Yes, they do
Use 200 MA on one minute chart for best results
  • #1,213,856
  • Apr 24, 2022 11:11pm Apr 24, 2022 11:11pm
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  • #1,213,857
  • Apr 24, 2022 11:22pm Apr 24, 2022 11:22pm
Quoting PatienceFx
{image}
on weekly its a very weak logic
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  • #1,213,858
  • Apr 25, 2022 1:16am Apr 25, 2022 1:16am
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Heya guys! Been awhile since I've seen you all, I hope everyone had a great Easter! Following an eventful week, EU is currently in a support zone. While there is potential for it to push further down at this level, I think the key events to take note of this week are the French election results, BOJ press statements, and the upcoming Wall St. Week in the U.S.. With this much upcoming, I would be weary of any major movements that present itself on the chart. I am risking minimally due to increased volatility and uncertainty.

As Ichimoku suggests on the D1 chart, EU is sorely in need of a retracement upwards. Furthermore, DXY's bullish rally is slowing down on the 4HR chart with Ichimoku, it's Kumo suggesting that a retracement is indeed in the works for EU in the near-term. That said, I have no clue how much further down EU will go. There's a chance that this bearish rally will continue before price attempts a meaningful retracement.

Anywho, my plan is to hold onto my shorts and wait for the retracement to add on to my short position. I am eyeing 1.083xx - 1.085xx as a possible level to add sells on the 4HR. On D1, I am looking at 1.097xx - 1.098xx.


UPDATE: While i was typing, EU broke past support and is continuing bearishly
Trying my best.
  • #1,213,859
  • Apr 25, 2022 1:20am Apr 25, 2022 1:20am
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Short. SL at BE now .

  • #1,213,860
  • Apr 25, 2022 1:37am Apr 25, 2022 1:37am
https://www.fxcm.news/au/2022/04/25/...lish-open-gap/

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