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EURUSD

  • #1,214,681
  • May 16, 2022 12:57am May 16, 2022 12:57am
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do not follow me 99.9999999% of times, rest you can lol
  • #1,214,682
  • May 16, 2022 1:19am May 16, 2022 1:19am
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Pending to buy at 4 27 on stop.

  • #1,214,683
  • May 16, 2022 4:12am May 16, 2022 4:12am
Quoting martin1977
My speculation as below A sell till 1.03731 tp, however I am also putting a buy from 1.04286, tp 1.04366... Let's see how eurusd rocks us!
Closed with profit!!!
  • #1,214,684
  • Edited 9:15am May 16, 2022 6:56am | Edited 9:15am
Quoting hesron
MN1 STRONG SUPPORT HAS BROKEN, this condition is in accordance with the ECB scenario, EURUSD will go to 0.84/0.75 {image}
Your 3 swings in red on the EURUSD D1 TF are simply the MN1 swings. This indicates that it is likely that the MN4 down swing (that started 12 months ago) is ready to end. This is supported by the W1 latest swing having already run 8 bars. In addition, H8 is in a confirmed upswing already.

Of course, TFs below H8 must be checked to see if they progress to support further gains or if they begin to fail under greater selling pressure.

EDIT:

" EURUSD D1 TF are simply the MN1 swings." is incorrect. It should read " EURUSD D1 TF are simply the W1 swings."

The rest of it is OK.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,685
  • May 16, 2022 7:00am May 16, 2022 7:00am
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Reversed to short wit SL as shown. . . . . . .

  • #1,214,686
  • May 16, 2022 7:09am May 16, 2022 7:09am
Quoting JauntyLoon
{quote} Well ... what do the technicals say? Looks like a good signal to me - only go short since August 2021? {image}
only go short since August 2021?

That is strictly dictated by the TF that you are evaluating. If you followed the W2, then you would have been shorting from June, 2021. But if you evaluated H4 and H8 as well, you would have considered buying the rallies from about August 25 through September 6 2021, and then shorting the down continuations again September 7.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,687
  • May 16, 2022 8:07am May 16, 2022 8:07am
Quoting DrDave
{quote} Your 3 swings in red on the EURUSD D1 TF are simply the MN1 swings. This indicates that it is likely that the MN4 down swing (that started 12 months ago) is ready to end. This is supported by the W1 latest swing having already run 8 bars. In addition, H8 is in a confirmed upswing already. Of course, TFs below H8 must be checked to see if they progress to support further gains or if they begin to fail under greater selling pressure.
Hi DrDave can you post a chart explaining this, thanks!
Looking for profitable short term trades ...|
  • #1,214,688
  • Edited 10:39am May 16, 2022 10:21am | Edited 10:39am
Quoting Js3mwtRc
{quote} Hi DrDave can you post a chart explaining this, thanks!
See if these help.

The bottom image is the actual MN4 TF. The swing high of the current down swing was actually on the January 2021 bar. (So you can see the advantages of consulting the lower TF (MN1): a clear lower high was put in on the close of the marked May bar and is a 3-bar swing high at the close of the June bar.)

By the way, I edited the original post: I wrote that your D1 chart was marked with MN1 swings but it should have been W1 swings.

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To free Gazans of Hamas, use whatever it takes.
  • #1,214,689
  • May 16, 2022 11:39am May 16, 2022 11:39am
Looks like EU is going UP.
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Money Maker
  • #1,214,690
  • May 16, 2022 12:39pm May 16, 2022 12:39pm
Quoting FireLazi
Looks like EU is going UP.
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Considering that we are riding the H8 up swing (see here and here), M5 is really to small of a TF to be using to speculate about "going up".

However, H2 is due to turn down, so you certainly could be eyeing M5/M15 to see if that develops.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,691
  • May 16, 2022 5:02pm May 16, 2022 5:02pm
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I am taking P.prfts soon at 49......

  • #1,214,692
  • May 16, 2022 5:51pm May 16, 2022 5:51pm
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Done at 49.. . . . . . .SL now at 43 for the rest.

  • #1,214,693
  • May 16, 2022 5:58pm May 16, 2022 5:58pm
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Closed all positions at 53 ...> FLAT now.

It s 4:00 am with me now >>>Going to close my eyes. Difficult day for me today.

Good luck to all

  • #1,214,694
  • Edited May 17, 2022 12:34am May 16, 2022 10:39pm | Edited May 17, 2022 12:34am
Quoting DrDave
{quote} See if these help. The bottom image is the actual MN4 TF. The swing high of the current down swing was actually on the January 2021 bar. (So you can see the advantages of consulting the lower TF (MN1): a clear lower high was put in on the close of the marked May bar and is a 3-bar swing high at the close of the June bar.) By the way, I edited the original post: I wrote that your D1 chart was marked with MN1 swings but it should have been W1 swings. {image}{image}{image} {image}
Excellent, I can see now how you see your charts by using bigger timeframe like MN4 TF, using bigger tmf's is a great help I am fan of Monthly, and Weekly tmf and using Daily, 4H and 1H for further analysis.

Anyway you see it the trend is your friend, except at tops and bottoms where profit taking is happening

Thanks!
Looking for profitable short term trades ...|
  • #1,214,695
  • May 16, 2022 10:51pm May 16, 2022 10:51pm
I am watching price action closelly, EU is experiencing some consolidation above 0349 and 0389.

Today EUR GDP q/q and US retail sales are what I wait for further details.

I have a feeling that EU likes some more upside, and good news and comments from officials may help it rise above 0461/71 level to the next at 0493/0502, thats why I watch the news, I hate them, but can't live without.

The market is bearish in bigger tmf's, so buying is not recomended at least to my self!

Have a great day.
Looking for profitable short term trades ...|
  • #1,214,696
  • May 16, 2022 11:56pm May 16, 2022 11:56pm
If the price must still be down, why should it be forced to rise after reaching the smart money resistance ...
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The Average Discount Everything
  • #1,214,697
  • May 17, 2022 12:05am May 17, 2022 12:05am
Expecting to win the fierce rigging

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POSTMASTER
  • #1,214,698
  • Edited 1:24am May 17, 2022 12:17am | Edited 1:24am
Quoting Robinhood1
Expecting to win the fierce rigging {image}
second blocking in play now. I'm going to show what happens when you reach a certain level. I live this in solitude and going to divulge it so you know what to expect.

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POSTMASTER
  • #1,214,699
  • May 17, 2022 12:28am May 17, 2022 12:28am
Quoting Robinhood1
{quote} second block in play now. I'm going to show what happens when you reach a certain level. I live this in solitude and going to divulge it so you know what to expect. {image}
another typical trick is to rig the chart. This way, your indicators do not work precisely on MT4/5 which is part of the industry´s force. Missing spike.

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POSTMASTER
  • #1,214,700
  • May 17, 2022 12:38am May 17, 2022 12:38am
Quoting Robinhood1
{quote} another typical trick is to rig the chart. This way, your indicators do not work precisely on MT4/5 which is part of the industry´s force. Missing spike. {image}
All is done by artificial Intellegence now a days. These guys do not even need to be waisting there precious time at the screen while 99.9% get vacuumed. we only find puppet market makers misguiding. Market markers don´t provide your money to the real markets but keep all money from wrong trades till some winnig trader comes along and is kindly invited to leave. Real broker firms are backed up with AI without even knowing it. These get the spread only but the corporation handling and controling mt4/mt5 is the overall winner. No idea what can happen if you end up beating the overall AI
My 2 cents
POSTMASTER
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