EURUSD

Quoting DrDave

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{quote} From reading you I come in a conclusion that anyone can trade profitable by just following what other masters do and by copying them You must have overlooked this {quote}

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Quoting T721

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{quote} there is a misconception pro traders make millions or 100thousand plus. yes many do but they are working with 7 figure accounts. to trade for a living being retail you only need to make £500 per week or $ or eur depending on your country. If you make lets say £600 in a week you need to pay yoursely EOW so that leaves and extra 100 building your account. so at £1 a pip you need to make 500pips each week, its more than achievable just stick at it. £2 a pip you onlt need 250pips etc i was just using £500 as an average UK wage.. it might be...

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Quoting Js3mwtRc

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This channel is crucial until tomorrow ECB, I believe. It can change from bearish to bullish, so watch its top and bottom - 0625/0785 {image}

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Quoting Houtbay

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Short eurusd. Tp 1.06700

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Quoting DrDave

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{quote} As usual, it depends on the TF that you are interested in as whether or not a specific object on a chart is "crucial". Looking at H5 and D2 side-by-side, I don't see that channel drawn on H5 as crucial at all. It perhaps might be useful for TFs below H5. But I do see from D2 that closing outside of the range of 1.0789-1.0626 is very important, and until smaller TFs show trends toward those boundaries that are threatening to cross, not much to worry about, either. I do see an up bias on D2, though. {image}

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Quoting DrDave

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{quote} WOW! Really?? I'm curious to know which TF you are using and how you came to such a conclusion. I didn't see any trend continuation sells, but I did see some counter-trend sells as low as m8 TF. But they would be very risky.

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Quoting ForexGoose

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{quote} You look at the low time frame charts that algorithms trade. You can’t compete against algorithms. You can only lose over the long-term. Higher time frame charts like the daily and weekly are more accurate. The daily chart for EUR/USD shows that the market is expecting a hawkish ECB result tomorrow, and the algorithms are making the price choppy or driving it up to key levels. Sometimes, these levels can trap inexperienced traders in the short-term. The market can push the EUR higher, but after the ECB press conference is done and the hawks...

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