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EURUSD

  • #1,217,321
  • Jul 21, 2022 8:31am Jul 21, 2022 8:31am
the dollar is coming back to life, eating the dollar bears alive
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,217,322
  • Jul 21, 2022 8:53am Jul 21, 2022 8:53am

  1. ForexGoose


Thanks for sharing the ECB link. Was fun today. -was quite easy to predict the "turned Lagarde" Pattern

  • #1,217,323
  • Jul 21, 2022 9:10am Jul 21, 2022 9:10am
Quoting DrDave
{quote} As a time period by the clock, we cannot estimate very well how long it can last. But by looking at smaller TFs, we can see with our eyes whether a given TF continues to support the current direction or if it fails: Intrinsic Market Timing

If we're honest, we have no idea which way it's going or for how long.
  • #1,217,324
  • Jul 21, 2022 9:54am Jul 21, 2022 9:54am
And just like that, we're back to untradeable whipsaw markets.

99.9% lose
  • #1,217,325
  • Jul 21, 2022 9:58am Jul 21, 2022 9:58am
Neither Elliot Waves nor support and resistance, moving averages nor oscillators, pivot points nor Fibonacci levels can provide any guidance here.

IT'S JUST TOTALLY FUCKING RANDOM!
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  • #1,217,326
  • Jul 21, 2022 10:00am Jul 21, 2022 10:00am
Quoting JauntyLoon
Neither Elliot Waves nor support and resistance, moving averages nor oscillators, pivot points nor Fibonacci levels can provide any guidance here. IT'S JUST TOTALLY FUCKING RANDOM! {image}
avoid the lower time frame charts

focus on the daily charts for entry and exit levels, along with the economic calendar to predict volatility
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,217,327
  • Jul 21, 2022 10:21am Jul 21, 2022 10:21am
Quoting Js3mwtRc
{quote} It is missing all levels until now, waiting for a spike in volatility and to EU of-course. Get ready for the fun!
It didn't last for long! 0.50% was the greatest they could do. I am still missing all the details, but EU looks good and mm... if, I had to say that I would call it parity. Bulls and bears took their beating, but and it wasn't so bad for others, the price is sitting at the same levels and it should be for longer I believe.

I am waiting for the real break and that should be down for now and from how it looks like... its kind of late for break trades.. thats all!
Looking for profitable short term trades ...|
  • #1,217,328
  • Jul 21, 2022 10:26am Jul 21, 2022 10:26am
Quoting JauntyLoon
Neither Elliot Waves nor support and resistance, moving averages nor oscillators, pivot points nor Fibonacci levels can provide any guidance here. IT'S JUST TOTALLY FUCKING RANDOM! {image}
you just listed a lot of things that will cause a disaster in the long run.+ is the central algo.
no chance.
  • #1,217,329
  • Jul 21, 2022 11:08am Jul 21, 2022 11:08am
Quoting JauntyLoon
Neither Elliot Waves nor support and resistance, moving averages nor oscillators, pivot points nor Fibonacci levels can provide any guidance here. IT'S JUST TOTALLY FUCKING RANDOM! {image}
For today's movement I agree with you ...HOWEVER, at the end of the day on a DAILY chart EU is STILL following the E-Wave pattern and if you notice every time that price drops the rebound hits the 50% mark?
...because you never know - until you do!
  • #1,217,330
  • Jul 21, 2022 11:15am Jul 21, 2022 11:15am
Quoting fxsport
{quote} For today's movement I agree with you ...HOWEVER, at the end of the day on a DAILY chart EU is STILL following the E-Wave pattern and if you notice every time that price drops the rebound hits the 50% mark?
it doesn't matter if you use a simple trend channel.
almost doesn't matter.
  • #1,217,331
  • Jul 21, 2022 11:16am Jul 21, 2022 11:16am
Inserted Video
  • #1,217,332
  • Jul 21, 2022 11:17am Jul 21, 2022 11:17am
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  • #1,217,333
  • Edited 11:36am Jul 21, 2022 11:22am | Edited 11:36am
Quoting JauntyLoon
{quote} If we're honest, we have no idea which way it's going or for how long.
I disagree that we have no idea which way.
Maybe you think that this was nothing more than a lucky guess??
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Or maybe this is a lucky guess as well?
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If so, then go check here and see if lucky guess after lucky guess might indicate something other than just lucky guess.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,334
  • Jul 21, 2022 11:24am Jul 21, 2022 11:24am
Quoting JauntyLoon
Neither Elliot Waves nor support and resistance, moving averages nor oscillators, pivot points nor Fibonacci levels can provide any guidance here. IT'S JUST TOTALLY FUCKING RANDOM! {image}
IT'S JUST TOTALLY FUCKING RANDOM!
Wrong again; but it's OK to feel that way.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,335
  • Jul 21, 2022 11:28am Jul 21, 2022 11:28am
Quoting ForexGoose
{quote} avoid the lower time frame charts focus on the daily charts for entry and exit levels, along with the economic calendar to predict volatility
I disagree. Instead of focusing on some specified TFs, look at the information provided on multiple TFs, from 1 minute through monthly. THEN you can identify the direction bias and move your focus to the DYNAMICALLY CHANGING focus TF, thereby increasing the probability of entering a trade that ends in profit.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,336
  • Jul 21, 2022 11:32am Jul 21, 2022 11:32am
Quoting fxsport
{quote} For today's movement I agree with you ...HOWEVER, at the end of the day on a DAILY chart EU is STILL following the E-Wave pattern and if you notice every time that price drops the rebound hits the 50% mark?
For today's movement I agree with you
That is exactly the correct view. News releases, in general, cause price reactions not unlike an unexpected speed bump in the road. And shortly after you are over the speed bump, you're sailing down the highway just like nothing happened earlier.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,337
  • Jul 21, 2022 11:44am Jul 21, 2022 11:44am
ECB raised 0.25% more than it promised and this is hawikish! EU stoped some pips above the high and droped all back again, because of fear of recesion and orders tha got hitted. I don't see a bad new here, they even had ready the antifragmentation tool whenever it needed.

EU stoped right above that channel on 4H graph. Price action should keep going in a range until it breaks with sustainable force outside these ranges - 1.0279/1.0123.

In the image some spots of interest.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
Looking for profitable short term trades ...|
  • #1,217,338
  • Jul 21, 2022 11:46am Jul 21, 2022 11:46am
Quoting Js3mwtRc
ECB raised 0.25% more than it promised and this is hawikish! EU stoped some pips above the high and droped all back again, because of fear of recesion and orders tha got hitted. I don't see a bad new here, they even had ready the antifragmentation tool whenever it needed. EU stoped right above that channel on 4H graph. Price action should keep going in a range until it breaks with sustainable force outside these ranges - 1.0279/1.0123. In the image some spots of interest. {image}

How would one fare if one was dealing on 15m or 30m with those wild swings?

I have sold calls @ 10300 expiring in September and have a small chance of making money
  • #1,217,339
  • Jul 21, 2022 11:51am Jul 21, 2022 11:51am
Quoting DrDave
{quote} I disagree. Instead of focusing on some specified TFs, look at the information provided on multiple TFs, from 1 minute through monthly. THEN you can identify the direction bias and move your focus to the DYNAMICALLY CHANGING focus TF, thereby increasing the probability of entering a trade that ends in profit.
minute charts are just random noise generated by algorithms, which can cause retail traders to lose lots of money

even hourly charts can’t provide a clear trend direction for the retail trader
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,217,340
  • Jul 21, 2022 11:54am Jul 21, 2022 11:54am
Quoting JauntyLoon
{quote} How would one fare if one was dealing on 15m or 30m with those wild swings? I have sold calls @ 10300 expiring in September and have a small chance of making money
You did right your chances will get grow by the time!

This is how a good valuation is done for new forex traders. Think and ask to yourself: would I like to make this pips from the drop from 1.0279 down to 1.0154 today? What should I do? Answer: I just have to sell near the edges, at, or above them. This is the most you can get, EU didn't went not one pip above, or below these numbers. In different case different example will be given inside the edges.

It is so simple.
Looking for profitable short term trades ...|
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