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Trading EURUSD only 43,755 replies

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EURUSD only

Well done micro bears !!! If you can hold it long enough, this might be the daily range top, but shifted down.

And if this ranging heaven continues, and respects just enough symmetry, it should bring us back down to the very significant March's low shadows (<1.06), where I also have a big TP .

Starting Monday, I sell every 8H, and as long as it opens >07 !

That said, my little bird friend wishes to every single one of you :!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
Quoting danilofx
{quote} I still believe that this pair can reach 1.10xx, what you think?
Some day, some day!!!
index.m5
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Many traders ground their edge in a particular set of market conditions: trend, momentum, bullish or bearish movement, etc. This makes these traders inherently vulnerable. The real edge in financial markets is the ability to detect when markets change and identify the nature of that change. Too many traders simply label markets as "directional" or "choppy". They make money in the directional markets and lose money in the chop. This has recently been the case among many stock market traders.
EU is bullish targeting 1.10956 but it may retrace below 1.0900 first & above 1.0800. R1 monthly resistance is critical for a continuation to the upper edge (see daily chart).

Weekly Volatility (range) - 92 pips

Significant News - US Housing Starts Number and US Initial Jobless Claims.

Have a great rest of the weekend!
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Looking for profitable short term trades ...|
I traded poorly this week.
Had a bias that the down trend would resume. Got into trouble and out fortutiously. More of the same on Friday when I reversed long too quickly on that up break which turned out fake and then increased too quickly the long as price went down and had to sit tight all day to get out of the long on the up retr. towards the end of the session. Far too impatient, impulsive, nervous. Lucky not to have done serious damage.

I expect next week to see a low below Friday's followed by continuation up. Next possible reversal is around 1.1

On a separate topic, do you use geometric average to track your account performance?
I posted a thread https://www.forexfactory.com/thread/...metric-average
Temperance (restraint in action, thought or feeling) is a virtue.
Quoting kourosh1347
4480637 {image} {file}
how is this orderblock differnt than other ob?
This bearish evening star candlestick on H4 will bring the price down to 0.618 fib level guaranteeeeeed! Thank me later!
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Quoting Endoephemera
I traded poorly this week. Had a bias that the down trend would resume. Got into trouble and out fortutiously. More of the same on Friday when I reversed long too quickly on that up break which turned out fake and then increased too quickly the long as price went down and had to sit tight all day to get out of the long on the up retr. towards the end of the session. Far too impatient, impulsive, nervous. Lucky not to have done serious damage. I expect next week to see a low below Friday's followed by continuation up. Next possible reversal is around...
I got caught in that fake upward breakout I bought and closed it on losses as well all of that cos I was scared of the trapped short bellow in 1.09287, I will partially close on 1.08950 and my TP 1.08650.
GREED & FEAR, last week I was between them constantly I was also impatient, impulsive and nervous. let's trade safely and do risk management so we don't fall into the greed/fear cycle. have a nice weekend and good luck next week.
Quoting T4Trade
{quote} how is this orderblock differnt than other ob?
Thanks for your comment. It displays different time frames on one chart.
Quoting kourosh1347
{quote} Thanks for your comment. It displays different time frames on one chart.
it doesnt show much info on my chart,can you please explain more how do u use this indcator and in what time frame,thanks a lot
Quoting T4Trade
{quote} it doesnt show much info on my chart,can you please explain more how do u use this indcator and in what time frame,thanks a lot
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File Type: ex4 VisualTradingG.ex4   463 KB | 181 downloads
hi all, just wondering where how people get news reports like the fed funds rate for example?
reason i ask is i've been working on some python code (im a devops engineer by trade) to collect the fed funds rate and other types of similar news. The theory behind it was i wanted to know exactly what time the news was released thinking that institutional players might get early access by 30 seconds or so ? It turns out that i managed to get the fed funds rate this month 5 whole minutes before the release. I'm a bit shocked it comes out that early to be honest as i was going to get an EA to pull this figure and then trade it ? but if its that early then it should be tradeable just manually.

the picture below is on the EurUsd this months fed rate. You will see the news is being released at 19:00 UK time. you will also see that my aws code on the right says 17:55 rather than 18:55. Its a work in progress and this is just a time zone issue. The point here is the rate was observable 5 minutes before the official release.

im sat here thinking, is this a good thing? is it useful? I would start my own thread on this but for some reason i don't have permissions. Comments and suggestions welcome as im looking how to leverage this and other news releases.
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Quoting boomorbust
hi all, just wondering where how people get news reports like the fed funds rate for example? reason i ask is i've been working on some python code (im a devops engineer by trade) to collect the fed funds rate and other types of similar news. The theory behind it was i wanted to know exactly what time the news was released thinking that institutional players might get early access by 30 seconds or so ? It turns out that i managed to get the fed funds rate this month 5 whole minutes before the release. I'm a bit shocked it comes out that early to...
You can get free funds data from many places, but here is the source, it's delayed 15 min. but if you subscribe you'll get it faster than that. I don't know what the results will be and how many faster you will become after that. If you open a new thread please drop a notice here, or quote so I can subscribe!
Looking for profitable short term trades ...|
Quoting Js3mwtRc
{quote} You can get free funds data from many places, but here is the source, it's delayed 15 min. but if you subscribe you'll get it faster than that. I don't know what the results will be and how many faster you will become after that. If you open a new thread please drop a notice here, or quote so I can subscribe!
Cheers dude. Yes that just what im thinking as in every news item is delayed and im not sure why if i can grab it 5 minutes earlier than release. Im not a good trader really, better at programming but i'm thinking this could be an edge.
Quoting boomorbust
It turns out that i managed to get the fed funds rate this month 5 whole minutes before the release.
is this common knowledge?? I had no idea that it's possible to get the news before the "official" release time. seems totally crazy to me, why wouldn't everyone just frontrun the real release then? or maybe this source just mistakenly released it too early this time and it doesn't usually happen?
The market is just people buying and selling. Don't sweat it
So far no sign of bears... Let's wait and see how the daily candle will close tomorrow!
Until then I will keep my buys open;

Good luck!
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Quoting boomorbust
{quote} Cheers dude. Yes that just what im thinking as in every news item is delayed and im not sure why if i can grab it 5 minutes earlier than release. Im not a good trader really, better at programming but i'm thinking this could be an edge.
Definitely it is for people that know the news already before us the retail traders, but there are hundred ways to trade except the news so don't worry if your idea doesn't work out for some reason, you will find thousand ideas to trade!
Looking for profitable short term trades ...|
Quoting Frostfang
So far no sign of bears... Let's wait and see how the daily candle will close tomorrow! Until then I will keep my buys open; Good luck! {image}
That doji candle is a sign for the bear
Quoting CryptoMavs
{quote} That doji candle is a sign for the bear
I'm retired and just trade on my own now but you inexperienced traders need to do more training and research before you trade or post. A doji is simply a pause for more or a reverse. Does not mean bull or bear. Trend is ......
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