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Trading EURUSD only 43,756 replies

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Attachments: EURUSD Only
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EURUSD Only

  • #3,741
  • Jun 20, 2024 10:49am Jun 20, 2024 10:49am
Quoting GDS17
{quote} Thank you so much for the insight. Based on just RSI and SMA, you called a great EURUSD drop. I'm going to utilize those 2 to see what success that brings. I know you and Gelubrin utilize more than that, so I'll try to build from there. So your exit is often where the next point of balance/pivot would be? Or do you use SMA 20/RSI to determine when to exit a trade? Really appreciate all the help.
which time frame do you use ?
  • #3,742
  • Jun 20, 2024 6:05pm Jun 20, 2024 6:05pm
Quoting GDS17
{quote} Thank you so much for the insight. Based on just RSI and SMA, you called a great EURUSD drop. I'm going to utilize those 2 to see what success that brings. I know you and Gelubrin utilize more than that, so I'll try to build from there. So your exit is often where the next point of balance/pivot would be? Or do you use SMA 20/RSI to determine when to exit a trade? Really appreciate all the help.
Sad part is

Despite my knowledge, trading in forex in india is banned and attracts heavy penalties if you try in your own account

So whatever charts I am sharing are on demo
  • #3,743
  • Jun 20, 2024 6:19pm Jun 20, 2024 6:19pm
the new point of balance is printed
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 18 KB
  • #3,744
  • Jun 20, 2024 6:26pm Jun 20, 2024 6:26pm
Quoting GDS17
{quote} Thank you so much for the insight. Based on just RSI and SMA, you called a great EURUSD drop. I'm going to utilize those 2 to see what success that brings. I know you and Gelubrin utilize more than that, so I'll try to build from there. So your exit is often where the next point of balance/pivot would be? Or do you use SMA 20/RSI to determine when to exit a trade? Really appreciate all the help.
when the rsi value travels with the price on your nose

then reading the trend becomes a kindergarten job
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 18 KB
  • #3,745
  • Jun 20, 2024 6:56pm Jun 20, 2024 6:56pm
Quoting PatienceFx
{quote} Sad part is Despite my knowledge, trading in forex in india is banned and attracts heavy penalties if you try in your own account So whatever charts I am sharing are on demo
around 2009 i joined zulutrade where i could sell forex signals trading on demo and i got 1 pip per trade from my followers as commission
i got something like $147K in commissions

now even that is banned in india
  • #3,746
  • Jun 20, 2024 7:15pm Jun 20, 2024 7:15pm
Quoting PatienceFx
{quote} Oil UK & US are oil production countries Japan is oil consumption country But, find the main reason
Something along lines of peak oil? If I the US oil(energy) indexes go up then US and UK economy goes down. Since Japan is not a producer it doesn't have as much effect and trus the Japan yen gains strength? Something along those lines? Idk just a guy from some reading I did.
  • #3,747
  • Jun 20, 2024 7:22pm Jun 20, 2024 7:22pm
sharing a tiny code

N is how much distance to keep from the price candle

S is the size of text
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 17 KB
Attached File(s)
File Type: ex4 RSI_ON_YOUR_NOSE.ex4   7 KB | 160 downloads
  • #3,748
  • Jun 20, 2024 7:33pm Jun 20, 2024 7:33pm
Quoting rjngh2005
{image} is this the pair ? should I give my answer - or is anyone still trying ?
GBPJPY
  • #3,749
  • Jun 20, 2024 7:41pm Jun 20, 2024 7:41pm
Quoting PatienceFx
sharing a tiny code N is how much distance to keep from the price candle S is the size of text {file} {image}
thanks for sharing
  • #3,750
  • Jun 20, 2024 7:51pm Jun 20, 2024 7:51pm
Quoting PatienceFx
{quote} GBPJPY
Why ?
Thank you!
  • #3,751
  • Jun 20, 2024 8:09pm Jun 20, 2024 8:09pm
Quoting Gelubrin
{quote} Why ? Thank you!
if you had checked this window [ hint ]
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 10 KB
  • #3,752
  • Jun 20, 2024 8:13pm Jun 20, 2024 8:13pm
next question

what is the importance of this currency pair and why does it give profits consistently
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 19 KB
Click to Enlarge Name: CADJPYWeekly.png Size: 20 KB
Click to Enlarge Name: CADJPYH1.png Size: 17 KB
  • #3,753
  • Jun 20, 2024 8:17pm Jun 20, 2024 8:17pm
Quoting PatienceFx
next question what is the importance of this currency pair and why does it give profits consistently {image} {image} {image}
also answer WHY i am asking such questions and how are the queswtions related to EURUSD
  • #3,754
  • Jun 20, 2024 8:22pm Jun 20, 2024 8:22pm
Quoting GDS17
{quote} I really want to understand this but can't figure it out yet. I'm trying to figure out what the phrase 'on nose' means also. You've mentioned RSI on nose and price on nose, but still unsure what that means.
when you check ANY chart, which candle do you watch first

now where is your nose pointed
  • #3,755
  • Jun 20, 2024 8:28pm Jun 20, 2024 8:28pm
Quoting PatienceFx
{quote} when you check ANY chart, which candle do you watch first now where is your nose pointed
Ha. OK. I guess I thought it had more meaning than that and I was missing something.
My bad.
Thanks.
  • #3,756
  • Jun 20, 2024 8:31pm Jun 20, 2024 8:31pm
Quoting GDS17
{quote} Ha. OK. I guess I thought it had more meaning than that and I was missing something. My bad. Thanks.
when the information is available where you need it the most
  • #3,757
  • Jun 20, 2024 8:32pm Jun 20, 2024 8:32pm
Quoting PatienceFx
next question what is the importance of this currency pair and why does it give profits consistently {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-06-21 at 08-43-06 oil reserves canada - Google Search.png Size: 9 KB
  • #3,758
  • Jun 20, 2024 8:36pm Jun 20, 2024 8:36pm
Quoting PatienceFx
{quote} also answer WHY i am asking such questions and how are the queswtions related to EURUSD
when you are trading a currency pair say EURUSD

  1. it is important to understand WHAT can move the price
  2. which country in europe does what and how will it impact Euro price

yesterday we had UK rate decision, that moved eurusd.

this is my point

keep track of every bit of news which can move price

  • #3,759
  • Jun 20, 2024 8:46pm Jun 20, 2024 8:46pm
Quoting PatienceFx
{quote} if you had checked this window [ hint ] {image}
I agree.

But there is always a faster car than the one we know.
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  • #3,760
  • Jun 20, 2024 9:07pm Jun 20, 2024 9:07pm
I know this car
Attached Image (click to enlarge)
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