EURUSD Only | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD Only
Exit Attachments

EURUSD Only

  • #1,401
  • Aug 24, 2023 12:29am Aug 24, 2023 12:29am
Quoting Gelubrin
{quote} Thank you ! If the RSI 50 level is the limit, does that mean we can buy anywhere below 50? In theory it says that we have to buy below Rsi 30. {image}
RSI 50 level is Border

this means safe to buy above 50 and sell below 50
  • #1,402
  • Aug 24, 2023 12:33am Aug 24, 2023 12:33am
i have used basic RSI 14

see what i am trying to say
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 14 KB
  • #1,403
  • Aug 24, 2023 12:39am Aug 24, 2023 12:39am
Quoting PatienceFx
now read this chart and tell us what you understand the lines are 200 sma on THAT timeframe {image}
Observing only the CCI, the price has not yet started to fall. The price is a little lower than the minimum level closed after it went up.
  • #1,404
  • Aug 24, 2023 12:40am Aug 24, 2023 12:40am
my objective of starting this thread was just ONE THING

to teach YOU to trade better and read trends easily

I am already paying tax in Crs in India, so you can imagine my success story
  • #1,405
  • Aug 24, 2023 12:50am Aug 24, 2023 12:50am
Many people are gold traders, you can easily understand this chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230824-131825.png Size: 49 KB
  • #1,406
  • Aug 24, 2023 12:52am Aug 24, 2023 12:52am
Quoting PatienceFx
i have used basic RSI 14 see what i am trying to say {image}
God ! I had the theory with the RSI levels in my head.
I agree with you, Master. Rsi shows us the downward trend here and we sell when it is above 50.
Sorry, I wasn't paying attention.
  • #1,407
  • Aug 24, 2023 12:57am Aug 24, 2023 12:57am
Quoting Gelubrin
{quote} God ! I had the theory with the RSI levels in my head. I agree with you, Master. Rsi shows us the downward trend here and we sell when it is above 50. Sorry, I wasn't paying attention.
Same gold chart with RSI
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230824-132614.png Size: 38 KB
  • #1,408
  • Aug 24, 2023 1:14am Aug 24, 2023 1:14am
When the RSI crosses over 50, it corresponds to the price becoming optimistic on the BB.
  • #1,409
  • Aug 24, 2023 1:41am Aug 24, 2023 1:41am
Quoting Gelubrin
When the RSI crosses over 50, it corresponds to the price becoming optimistic on the BB.
Please guide what trade I should be taking I am new to forex I am still learning
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230824-141038.png Size: 44 KB
  • #1,410
  • Aug 24, 2023 2:20am Aug 24, 2023 2:20am
Quoting PatienceFx
{quote} Please guide what trade I should be taking I am new to forex I am still learning {image}


Sell when the price has a strong upward impulse.
  • #1,411
  • Aug 24, 2023 5:44am Aug 24, 2023 5:44am
Quoting PatienceFx
{quote} Please guide what trade I should be taking I am new to forex I am still learning {image}
Mr. Beginner Trader, I see that I did not clarify you. I advise you to learn the methods presented by Mr. FatienceFx on this thread and do the same as him. I present to you a PatienceFx branded method: You see that now the EURUSD charts of 1W, 1D and 4H are in the same direction, the descent. In this case, when the price made a strong upward impulse on the 1H chart, launch a sell transaction. In other words, go with the trend. You will do this way, 2-3 large transactions per month. There is another one here, Gelubrin, which has an intraday trading method, according to the economic calendar, but you have to learn to interpret the data published in the calendar.
  • #1,412
  • Aug 24, 2023 5:58am Aug 24, 2023 5:58am
This is where I learned this method.
  • #1,413
  • Aug 24, 2023 5:59am Aug 24, 2023 5:59am
Quoting Gelubrin
This is where I learned this method.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.03.2023.png Size: 26 KB
  • #1,414
  • Aug 24, 2023 7:01am Aug 24, 2023 7:01am
Best trade is at 200 SMA

In CCI 200, if price goes beyond - 100 then keep stops tight , the rebound will be fast
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230824-192748.png Size: 44 KB
  • #1,415
  • Aug 24, 2023 8:37am Aug 24, 2023 8:37am
Quoting PatienceFx
Best trade is at 200 SMA In CCI 200, if price goes beyond - 100 then keep stops tight , the rebound will be fast {image}
From CCI -200, if the price comes to CCI -100. Correct?
  • #1,416
  • Aug 24, 2023 8:41am Aug 24, 2023 8:41am
Quoting Gelubrin
{quote} From CCI -200, if the price comes to CCI -100. Correct?
CCI 200 is setting

- 100 is level
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230824-211204.png Size: 44 KB
  • #1,417
  • Aug 24, 2023 8:14pm Aug 24, 2023 8:14pm
This thread should be named Smart Money Trading System by PatienceFx
PaRaM
  • #1,418
  • Aug 24, 2023 8:45pm Aug 24, 2023 8:45pm
Quoting PatienceFx
{quote} CCI 200 is setting - 100 is level {image}
refine it with macd

this fall is due to dismal PMI from EU

this means next PMI wil bounce EU higher ; this is the importance of rmembering previous news items
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 19 KB
  • #1,419
  • Aug 25, 2023 12:10am Aug 25, 2023 12:10am
Took this trade just to explain
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230825-123957.png Size: 68 KB
  • #1,420
  • Aug 25, 2023 12:15am Aug 25, 2023 12:15am
Next lesson will be on using ATR to predict support resistance levels
11 traders viewing now