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  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 6,206 Posts | Online Now
Quoting Nuris01
If the US debt ceiling is increased, is it bad for the euro or good?
I believe it's good for the EU but I don't think they'll get an increase! I believe they're going to come with a lower ceiling deal and that until then the market will have price in the drop and EU will recover, but we have to be patient and wait for the signs.
Feels right this time!
Quoting andvk74
{quote} It doesn't matter!!! Markets move NOT because of the news! This is only to confuse traders.
Then what is the reason for such a fall in the euro, even for a correction can not?
Daily trend line breaks.

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Fellow Traders,

I believe I could be overengineering my entry methods and am asking for your viewpoints: For the sake of argument when the trend is moving in a downward direction (regardless of where S & R may be or any other indicators you currently have established to be to your advantage) , you've decided now is the appropriate time to short a trade and have done so. So much for the easy part!

I automatically place a Fib retracement pattern on the previous bar and consider placing additional trades based upon the smaller numbered sequences (.500 and lower) then waiting to see if any are hit adding an extra entry point into the trade.

Am I over thinking this believing in a couple of extra pips with this method or am I out in left field somewhere missing out on the big picture? Feel free to laugh!

Thank you for your time and consideration.
Quoting Boudain
Fellow Traders, I believe I could be overengineering my entry methods and am asking for your viewpoints: For the sake of argument when the trend is moving in a downward direction (regardless of where S & R may be or any other indicators you currently have established to be to your advantage) , you've decided now is the appropriate time to short a trade and have done so. So much for the easy part! I automatically place a Fib retracement pattern on the previous bar and consider placing additional trades based upon the smaller numbered sequences (.500...
every trader and his unique method. i have never viewed trading this way. lol
Like others have mentioned, every trader is different.
I personally see a set up and put all in based on my bias...
I am either stopped out or I scale out depending on what I see. Lord knows I've moved my stop to accommodate my mind, but, the market is never wrong!
I've been learning, but no one in here can't say they aren't.
A new significant low was mad, a 61 fib level was hit, and a 261% fib level was hit on the down side....
For me it's only retracement, to take out some highs... the lows are gone for now,
In EW, we just finished wave 3 down.... in my count...
But I am wrong more often then I'm correct.
To compensate for for my incorrectness I take 1/2 off the table at a significant level which brings me to break even when I'm wrong..
2nd TP is my anticipated target and 10% keeps going
Good evening, hope you're well. For tomorrow, I have 1.0747 as resistance, and 1.0705 as support;
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Meanwhile, on W1

  1. Look who is waiting down there: 1.0666
  2. 4 weeks of bearishness... I think once (and only after) price has visited the devil's lucky number bulls will kick back in... No rush!

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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 25.1%
After the drop we have been ranging between 0730ish and 0700ish, 0730ish support turn into resistance level but for today I look for 0750 as decision point
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does this tl on daily means anything? Have we reached the bottom of this drop yet? Don’t know! Overall bear remain in control! Last day of the week and with only a few days left until the end of the month, becareful

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Patience, Emotion Control and Discipline.
What part of the trend don't you understand?

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Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -0.3%
Quoting johncen
After the drop we have been ranging between 0730ish and 0700ish, 0730ish support turn into resistance level but for today I look for 0750 as decision point {image} does this tl on daily means anything? Have we reached the bottom of this drop yet? Don’t know! Overall bear remain in control! Last day of the week and with only a few days left until the end of the month, becareful {image}
0730 done,
next 0750
Patience, Emotion Control and Discipline.
EURUSD Daily Timeframe, Rebounding From Trendline
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  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 6,206 Posts | Online Now
Eu is trying to advance but good numbers from the us lately set it back again and again, the bulls should watch these two releases today so they can have a reason to be safe,
University Michigan Sentiment Final & US Core PCE Price Index. The volatility today is 46 pips.
1 hour chart

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It my be difficult to extend above 1.0760 but if then more resistance sits just right above, good luck!
Feels right this time!
MY apologies, i'm laughing at some replies where they threw their sentiments into thoughts on 'what should be right'.

etc... Its going down, good luck to long.

that sounded like bomo~ some black magic.

i would say a bias on trend if fixed long term way ahead. If you're on it. stay with it till it reaches the destination. That should already pave a way on your individual trading bias for each respective pair when you do your trades.

End of day i will still stick with Market equilibrium, in my view the recent bull candles at higher TF already signify a firm Supply support zone.
Sincerely Yours Cheers!
betting for a bounce on this support area. I think we will have some bulls on this zone
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Insanity is doing the same thing over & over & expecting different results!
H1 trend is slowly shifting back to bullish...

I am marking 1.0724 area as my nearest support...

*Bulls have to break above 1.0744 for more momentum..

Happy trading day to all
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 25.1%
Quoting Ata-Turkoglu
Meanwhile, on W1 Look who is waiting down there: 1.0666 4 weeks of bearishness... I think once (and only after) price has visited the devil's lucky number bulls will kick back in... No rush! {image}
Hi Ata of course, spotted already long ago . I have there the target of some of my shorts I am holding from 1.1050 onward. The bears are working hard on the 1.0720 area as previously explained... but I expect that they will ultimately get through. The next bit of a bounce might be at our "attractive" number 1.0666 . In the past it has touched or settled quite often around that spot once in the area. So, our Banksters must really like it there .
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Btw... a little story out of my life.

As god decided... the Family name of my boss is Teufl (translated into english - devil). So, I always play a little joke with my clients. After I finished getting a new project (mostly with gov clients) and the contract has been signed I always ask them, so now.... do you really know with whom you got into a contract?

They look at me mostly not knowing what I mean. Then I explain them that they just signed a deal with the devil... where they often take that as a joke.

Whereas I reply... so, you don't believe me. Just look here at the contract who is your counterpart... then I open google translate and type in the name of my boss, and... ohh, ohh, ohhh
On H4 we are still inside bearish channel and therefore I don't expect much from bulls (for now). 1.0760 area is key!

*Only after bulls break above the channel we could talk about a potential retest of projected 1.0897 area.. But irrelevant for now, so save it for later!
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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 25.1%
Quoting Mitiblotch
To be clear, we haven't seen the low yet. Watch Asia do some breaking down.
Well, this was correct. Today, however, should be a buy-the-dip day, except something changes during London.

Quoting Mitiblotch
{image}
Still holding longs from 1.0725 and 1.0730. Wondering if to book and wait for another spike down.

Edit: banked some. Left with only a long from 1.0725.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Whatever the cause the great turmoil unfolding to extreme uncertainties! The extreme it started, correction pullback ultimately lost in vain as eu finally failed suppose to get supposedly limit 1120 with extreme extensions running from 0222 and 0515 and 10wks plus all accumulated endeavors it failed and so the leg up may ended prematurely, without real target, may try over 0515 but almost impossible so easily, if any bad, it should further fall, not gain support. So though at a tl presently arounds 0695 or 0682 areas price likely not stop, rather continue towards below 0630 , say 0613 to naturally bounce towards previous top to before go for centre of the extreme started before to 0222 and much lows!
So eu lost the hope and maytank to all time lows possible, to face great disaster most probably!
Usdx should not gain that much after great failure but may do due others failure only. So be carefull , and no bias till more clearer! Monthly may try close over 0841 to maintain bull hope still. So this level may try again and again this month end!
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Not understand?never follow my analyses!
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