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EURUSD

  • #1,217,341
  • Jul 21, 2022 9:55am Jul 21, 2022 9:55am
trend is still sell...stuck at 50% level for the week right now..sell high
  • #1,217,342
  • Jul 21, 2022 10:14am Jul 21, 2022 10:14am
Quoting Js3mwtRc
{quote} 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.
what do you understand from this chart

FORGET INDICATORS just look at price and comment please

any person who gives the correct answer on this chart is a well seasoned trader
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do not follow me 99.9999999% of times, rest you can lol
  • #1,217,343
  • Jul 21, 2022 11:22am Jul 21, 2022 11:22am
Looks like we are going to close below .0260.
Going to close all longs and start shorting at .0330 for .0011 retesting.
False start from bulls. Hope next time they`ll try better.
  • #1,217,344
  • Jul 21, 2022 11:49am Jul 21, 2022 11:49am
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
Hey JauntyLoon,

Selling September 1.03 calls - My opinion is you should get the entire premium as they expire worthless.

NOW - Since you are looking at the 3rd week in September can you please tell me WHY you are looking at 15 or 30 minute charts? Those charts are for day-traders/scalpers/short-term traders. If you are dealing with options that expire in 8 weeks do yourself a favor and only look at 4hr and daily charts - that is where you will find the patterns and forget about the daily "noise". JMHO. Green pips!

...because you never know - until you do!
  • #1,217,345
  • Jul 21, 2022 11:52am Jul 21, 2022 11:52am
Quoting PatienceFx
{quote} what do you understand from this chart FORGET INDICATORS just look at price and comment please any person who gives the correct answer on this chart is a well seasoned trader {image}
Oh..Oh...Oh...Can I answer?

We are in a downtrend - based on the chart we can expect consolidation with a retracement to the 1.03 level and if that hold another leg down.

Did I get it right???
...because you never know - until you do!
  • #1,217,346
  • Jul 21, 2022 11:57am Jul 21, 2022 11:57am
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}
That is stage one of Forex trading (when thing go against us)

Stage two (2) is when you write, "Those darn market makers are just stop hunting my orders THATS why I don't make $"

Trust me you'll be there...
...because you never know - until you do!
  • #1,217,347
  • Jul 21, 2022 12:04pm Jul 21, 2022 12:04pm
Quoting ForexGoose
{quote} 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
minute charts are just random noise generated by algorithms,

LOL.

Here is just one example of using small TFs.
I posted that if a specific price level could be breached with conviction, then down it goes.
And we see the breach on 1 minute chart and the down progression began.
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Typically, I don't post charts below m15 TF because they typically:1.) have such small range of volatility that it is not worthwhile to spend time looking for a set up; and 2.) the TF to focus on moves higher before the setup is confirmed on the smaller TFs. That does NOT mean that the information provided on TFs below m15 is just "noise" and of no real value in the analysis.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,348
  • Jul 21, 2022 12:14pm Jul 21, 2022 12:14pm
It can be seen 1.0265 will not stand it, will go up to 1.0350.
  • #1,217,349
  • Edited 2:02pm Jul 21, 2022 1:51pm | Edited 2:02pm
Quoting DrDave
{quote} minute charts are just random noise generated by algorithms, LOL. Here is just one example of using small TFs. I posted that if a specific price level could be breached with conviction, then down it goes. And we see the breach on 1 minute chart and the down progression began. {image}{image} Typically, I don't post charts below m15 TF because they typically:1.) have such small range of volatility that it is not worthwhile to spend time looking for a set up; and 2.) the TF to focus on moves higher before the setup is confirmed on the smaller...
so, how much money did you make and report on your tax return from trading based on minute charts?

in the attached image, you can see for yourself that there are many members, but not many who are online, which indicates that many people lost money and quit trading because they gambled on minute charts

there are obvious charlatans online, promoting forex brokers, software programs, and investing advice to attract gullible people

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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,217,350
  • Edited 9:15pm Jul 21, 2022 7:10pm | Edited 9:15pm
CONCLUSION In my view (regarding Euro) after the ECB makes a new policy ... that the trader must be calm (especially if you are a retail trader (retail trader is not retail market/herd)....... retail traders (retail traders under the auspices of brokers) will never be able to move prices in the market due to the OTC market..... ECB is not ready to bear the consequences of the weakening of the Euro, let alone have to be below the parity level .... Sideways Market will be prolonged. .. does not go up and does not go down .... ECB will conduct an unlimited interpension ... this is just a personal opinion
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overall EURUSD still in STRONG DOWN TREND (has not exhausting)
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The Average Discount Everything
  • #1,217,351
  • Jul 21, 2022 7:40pm Jul 21, 2022 7:40pm
Quoting fxsport
{quote} Oh..Oh...Oh...Can I answer? We are in a downtrend - based on the chart we can expect consolidation with a retracement to the 1.03 level and if that hold another leg down. Did I get it right???
it will bo2unce
reason

systematically usd longs have been trimmed
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do not follow me 99.9999999% of times, rest you can lol
  • #1,217,352
  • Jul 21, 2022 10:42pm Jul 21, 2022 10:42pm
Quoting PatienceFx
{quote} what do you understand from this chart FORGET INDICATORS just look at price and comment please any person who gives the correct answer on this chart is a well seasoned trader {image}
I see a range formed between 1.0279 & 1.0123, but the move up from 0.9550 looks corrective yet.

The moving averages just spoil the price action. I use them later in different timeframes, but first I zoom in to see the high lows (structure) and candles (open, close etc).
Looking for profitable short term trades ...|
  • #1,217,353
  • Jul 21, 2022 10:59pm Jul 21, 2022 10:59pm
Quoting Js3mwtRc
{quote} I see a range formed between 1.0279 & 1.0123, but the move up from 0.9550 looks corrective yet. The moving averages just spoil the price action. I use them later in different timeframes, but first I zoom in to see the high lows (structure) and candles (open, close etc).

  1. Nord Stream Gas pipeline shut due to turbine issue
  2. daily macd
  3. usd longs trimmed as per eu daily chart, ahead of july 27 rate hike

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do not follow me 99.9999999% of times, rest you can lol
  • #1,217,354
  • Jul 21, 2022 11:39pm Jul 21, 2022 11:39pm
Quoting PatienceFx
{quote} Nord Stream Gas pipeline shut due to turbine issue daily macd usd longs trimmed as per eu daily chart, ahead of july 27 rate hike {image}
Here is my analysis at EURUSD only thread:

https://www.forexfactory.com/thread/...1#post14074971


Looking for profitable short term trades ...|
  • #1,217,355
  • Jul 22, 2022 12:38am Jul 22, 2022 12:38am
Quoting fxsport
{quote} That is stage one of Forex trading (when thing go against us) Stage two (2) is when you write, "Those darn market makers are just stop hunting my orders THATS why I don't make $" Trust me you'll be there...

Stage one? I've been doing it since 2018. It never gets any better and I switch through all the stages constantly
  • #1,217,356
  • Jul 22, 2022 12:39am Jul 22, 2022 12:39am
Quoting DrDave
{quote} minute charts are just random noise generated by algorithms, LOL. Here is just one example of using small TFs. I posted that if a specific price level could be breached with conviction, then down it goes. And we see the breach on 1 minute chart and the down progression began. {image}{image} Typically, I don't post charts below m15 TF because they typically:1.) have such small range of volatility that it is not worthwhile to spend time looking for a set up; and 2.) the TF to focus on moves higher before the setup is confirmed on the smaller...

What I've noticed is that in TA, people only show examples of good trends or successful trades in their charts. Most of the time, charts don't show good, clear trends and this is especially so on short time frames. The guarded nature of proponents is, to me, further evidence of the fact that successful and profitable trades are relatively uncommon, and especially so on short time frames.
  • #1,217,357
  • Jul 22, 2022 12:40am Jul 22, 2022 12:40am
Now, that's the kind of move I love.
Risk Management is of utmost importance!
  • #1,217,358
  • Jul 22, 2022 12:50am Jul 22, 2022 12:50am
Quoting Js3mwtRc
{quote} I just have to sell near the edges, at, or above them..
LIke here, you would draw a line at 10270, sell it when it backs off from that level, even though the 'trend' is up? (Or is it?)
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  • #1,217,359
  • Jul 22, 2022 12:57am Jul 22, 2022 12:57am
BOOM! The USD found support and the RSI back above 50! TA works!
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  • #1,217,360
  • Jul 22, 2022 1:05am Jul 22, 2022 1:05am
Quoting JauntyLoon
{quote} LIke here, you would draw a line at 10270, sell it when it backs off from that level, even though the 'trend' is up? (Or is it?) {image}
The level you mention is caped now

Look how I did 49 pips today so I can help you understand how I see it. The 200 ma in 30 min. graph was looking up in the morning, but the trend in Asia was bearish intraday and the daily candle closed above 1.0222 resistance, so bears took over (bulls where the ones that should have moved up the trend because of the medioum bullish close) but also the daily trend was ranging from yesterday after it failed to close above 1.0174/79 (remember the big drop from ECB).

I waited for some mark up from the price, because my guts (my score) said so and entered at 1.0205, because I was waiting the bad news to hit the wire (look at calendar if, you didn't). Volatility was 79 pips I took less, but none always can take all pips on the table.

You can read here:

My morning analysis

https://www.forexfactory.com/thread/...1#post14074971

and result

https://www.forexfactory.com/thread/...9#post14075059

My brain goes faster and more things happened, but can't record all. I hope I help!
Looking for profitable short term trades ...|
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