EURUSD only

Closing order here at 1.1676 with +17 pips and calling it a day and week folks... See you next week

The before:
The after:


Happy weekends folks... Ciao ciao

Its Saturday morning and I've been awake since 3AM Central (USA) and almost finished my first cup. I saved this (not dire) question for the weekend. I recently switched from the Nasdaq after many years for reasons like warrants, dumps and volume traps while still wanting volatility and liquidity. I'd never have tried this market without seeing some of (fxalexg)'s challenges on YouTube and thinking if a kid making donuts can do this why not give it a go? Tying this back to the EUR/USD my question is simple but first my inclination of being drawn to this PAIR. After a few weeks strictly trading Forex I keep gravitating back to this pair and made my first comment yesterday so thanks for the 'Welcome Mat". Do any of you just focus on this pair only? What about closing out positions? is it daily or more by the weekly session ending? or longer hold periods with early entries at major turning points? That said, it looks to me like the pair has just finished retesting the recent Head and Shoulders Top. I shorted it just above where it closed Friday and waited for it to come back down. It never hit my my stop so I ended up with a small profit this time. From what I've seen I suspect it will rebound up into the London session and then continue coming down based on the fact that it closed very near the bottom of Fridays session. Please feel free to 'bloviate' (love that word almost as much as "gargantuan" if you know where that comes from you get extra credit). My gut is telling me its better to focus on one pair instead of bouncing around. Thanks. PS. My Question is for registered users who participate in this thread and have been on it for at least 6 months. Really not interested in Peanut Gallery comments.

Yes is my answer.

something to enjoy over the weekend

I created this thread to kill some boredom while trading, with like-minded people, who have the discipline to fully focus on just one thing. In our case: EURUSD. If you visit and read our rules on page 1, you will realize that your question is completely off-topic, but I let it slide and give you my answer, since it is the weekend. But once the week starts and especially during busy hours of London session, we only talk about EURUSD charts! Really simple!

Now, speaking solely for myself: I didn't pick this pair randomly. Geographically, the places I live or travel to are mainly in sync with European time. Not with Australia... not with Japan... but completely with Europe! Then, there is the USA session, which also gives me extra opportunities right after London closes until sleepiness kicks in. I trade the USA if I feel like it. Often I am done after European banks are done. My second but most obvious reason to trade EURUSD is that it is the most traded pair in the markets and (although still possible) not so easy to manipulate.

I did trade many other instruments in the past and see no big difference in technicals. As long as one follows a solid system, adapting to any instrument should not be a problem. At least it isn't a problem for me. The core of charts (any chart) is always the same! So yes, I am a true advocate for focusing only on one pair. It definitely gives me an edge and a peace of mind.

Lastly: The type of traders on this thread are extremely mixed. We have M1, M5 traders... We have H1, H4, D1 traders (me included) and the (I am not sure) but we probably have a few long-term traders who appear week to week or month to month... but those are rare... The quick answer is: most of the members here are intraday traders and I am guessing 99% of orders open and close inside the same day (if not inside the same hour lol). I stick to the trend and try to trail my stop whenever I get the chance. I also enter and exit manually whenever I have the time to sit in front of my computer... and here and there I also do scalping... The rest of my time (actually almost all of my time) is sharing charts on the thread or reading what is shared... Speaking with charts is best practice and to be honest, most of my screen time goes to creating and sharing my charts and ideas in great detail but as simple as it gets and with minimum delays, which is more exhausting than trading, but I am not complaining. I enjoy giving back to community and therefore I don't mind the extra hustle.

All said, if you like reading (or sharing) charts... If you are willing to focus on EURUSD and if you agree with the few rules on page 1 then you are welcome...

Enjoy the family.. Peace...

Just sharing a draft...
The price reached and respected the square's side. I've posted this square configuration a few times before.
My main support is the yellow line, 1.16270... I intend to buy at this price if it reaches it. I've adjusted my SL tight, because if it falls below this price, in my view, the bears' target is the 1,000 average, which is the white line.


...

EURUSD – Analyse Multi-Écrans (Triple Screen Strategy)
Vue d’ensemble :
Le setup multi-timeframe montre une confluence baissière sur les trois horizons observés — M15, H4 et Monthly. La tendance dominante reste orientée à la baisse malgré un léger rebond technique sur les unités courtes.
Vue Long Terme – Monthly

1. Le graphique mensuel confirme un cycle baissier de fond depuis plusieurs mois.
2. Le prix reste sous la MA50 et évolue dans la zone “Sell Hard”.
3. Le dernier rebond semble n’être qu’une correction technique dans un canal descendant.
4. RSI(13) oscille autour des 50, sans réelle impulsion haussière durable → momentum neutre à légèrement vendeur.
   Biais long terme : Bearish tant que 1.1750 n’est pas franchi.

Vue Moyenne Terme – H4

1. Après un rebond vers la moyenne mobile, on observe un rejet clair à la baisse avec un nouvel angle descendant confirmé.
2. Les bandes de Bollinger s’élargissent, indiquant une reprise de volatilité.
3. RSI(14) retombe sous les 50 après une divergence baissière → signal de reprise vendeuse probable.
   Objectif H4 : retour vers la zone 1.1600 – 1.1580.

Vue Court Terme – M15

1. Le M15 montre la phase active du signal de vente : cassure du support intraday et croisement baissier des moyennes.
2. Les oscillateurs confirment une pression vendeuse à court terme, bien alignée avec les unités supérieures.
   Un léger pullback vers 1.1660 – 1.1670 pourrait offrir une opportunité de vente à meilleur prix.

Synthèse Stratégique (Triple Screen)

1. Tendance dominante (Monthly) : Bearish
2. Signal H4 : Rejet sur résistance / RSI en repli
3. Timing M15 : Setup de continuation short confirmé

Pair EU dayli and 4h timefrimes for the week.

I READ your RULES SEVERAL TIMES and waited till it was the weekend. Thanks for letting it "slide" AND thanks for going to the trouble of answering my "off topic" question regarding EUR/USD. It won't happen again.

...
It didn't happen in Candle H4, but in D2.

Can we please focus on EURUSD by leaving the unnecessary venting and ranting aside... Use the "ignore" button please if any member distracts you or pass your concern/complaint to the person behind the scenes via pm... What we say matters but HOW we say it matters most... Speak to any member as if it is your "brother" or "well respected person in your close circle".

Always remember: we are family here!

Thanks in advance..

H1: Chart begins flowing with a positive gap...

If we were inside London session I would try to sell the spikes towards 1.1671, but since I don't trade the Asian session I leave that to those who do...

See you after London opening folks...

Peace out...

I took a Long Position here at open price (1.16571), SL 1.1635, TP 1.17284. If price hits SL then my elliot count is inaccurate. Nonetheless, I'm riding the impulse.