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EURUSD

im going long today as no major news upcoming later on

a great target for eurusd to 1.32
I must say, everybody at this thread seems to have a lot of faith in the idea of price at certain levels, almost nobody seems to pay attention to relative strength, distance from MAs, S/R from MAs, volume and a few other things that i think people are lacking. So if you ever think you arent doing as good as you could be doing, try investigating these things. Thats my 2 cents before lunch

EDIT: Id say S/R at certain levels is about 20% of my analysis, while some succes gan be gained from say double reliance on such things, i doubt anybody should put more reliance on that.
My signature is: "Classified".
Quoting yaed
I must say, everybody at this thread seems to have a lot of faith in the idea of price at certain levels, almost nobody seems to pay attention to relative strength, distance from MAs, S/R from MAs, volume and a few other things that i think people are lacking. So if you ever think you arent doing as good as you could be doing, try investigating these things. Thats my 2 cents before lunch
price levels are the most accurate if u now how to read them...
Short till 1.3104, hoping for the final "C- Wave", so far set S/L to be
Quoting Vladimir1987
price levels are the most accurate if u now how to read them...
Yes that seem to be the consensus, i agree. I dont agree about the consensus though, but hey what ever floats youre account
My signature is: "Classified".
Quoting yaed
I must say, everybody at this thread seems to have a lot of faith in the idea of price at certain levels, almost nobody seems to pay attention to relative strength, distance from MAs, S/R from MAs, volume and a few other things that i think people are lacking. So if you ever think you arent doing as good as you could be doing, try investigating these things. Thats my 2 cents before lunch

EDIT: Id say S/R at certain levels is about 20% of my analysis, while some succes gan be gained from say double reliance on such things, i doubt anybody should...
Hope not , everybody may have most of the indicators on their chart , naked can do equally though & can see all of them without indicators .trying one but not do without them normally.
fontu
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I would agree sometimes to many indicators can give false signals, there are a few gems but I like a stripped down chart myself, I come from the penny world where indicators tend to take away from the price action and true momentum.

I am pretty green to forex though it does seem like eurusd is gathering strength at the moment.

Quoting fontu
Hope not , everybody may have most of the indicators on their chart , naked can do equally though & can see all of them without indicators .
fontu
Quoting EricF
I would agree sometimes to many indicators can give false signals, there are a few gems but I like a stripped down chart myself, I come from the penny world where indicators tend to take away from the price action and true momentum.

I am pretty green to forex though it does seem like eurusd is gathering strength at the moment.
You should only have an indicator if it indicates something important, yeah. But as it seems, there are a lot of important things to indicate. I mean, i dont see the use of stating that using this or that is really good if you are really good at it. Its in fact a non-fallible statement, meaning it could never be proven wrong, since if you fail its because of lacking skill, even if its in fact impossible
My signature is: "Classified".
Quoting EricF
I would agree sometimes to many indicators can give false signals, there are a few gems but I like a stripped down chart myself, I come from the penny world where indicators tend to take away from the price action and true momentum.

I am pretty green to forex though it does seem like eurusd is gathering strength at the moment.
Good approach from the beginning , I did after many years though wasting rely on them & ea without much learning using own brain. they all ok & more or less perfect than us but using grows dependency & thought block with certainly crippled performances in the long run . so none to all of them any time or together what seems fit in the receptor.
wish you good luck man.
fontu
I'm short on EUR @ 1.3089, s/l 1.3131 and t/p @ 1.2980.Looks like the up move is over for now.
if it drops to around .3059 we would have a nice head and shoulder in 1h tf.
Quoting obaasima
I'm short on EUR @ 1.3089, s/l 1.3131 and t/p @ 1.2980.Looks like the up move is over for now.
ups, my early morning trades both got stopped out. the up-move doesn't look that much finished yet.
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Quoting Mr Hatch
ups, my early morning trades both got stopped out. the up-move doesn't look that much finished yet.
Why the high was 3121 and i think the stop should be the high of the current wave 3159.
hidden bull divergence OsMA

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Quoting Forex_Star
Why the high was 3121 and i think the stop should be the high of the current wave 3159.
i have a fixed r/r-ratio.
Quoting Forex_Star
Why the high was 3121 and i think the stop should be the high of the current wave 3159.
I been told some people enter on "00" numbers an place stops 20 above or below so the big players tend to visit above and below "00" numbers.
Because there are large volumes at them levels. they build ther position with peoples stops then go in the true direction.

I see that rarely does price go through "00" without stalling.
Hope this helps.
making green pips large and red pips small this is my goal.
I see Bullish Engulfing Pattern on Weekly Chart.


http://www.forexrainbow.com/files/xy...tty8815e0t.jpg
A little beginner trader since 2006
Quoting paul1
I been told some people enter on "00" numbers an place stops 20 above or below so the big players tend to visit above and below "00" numbers.
Because there are large volumes at them levels. they build ther position with peoples stops then go in the true direction.

I see that rarely does price go through "00" without stalling.
Hope this helps.
How exactly those Big Players tend to visit these places? How are they doing this 'visiting'? How do they build their positions with other traders stops?

It's really occult knowledge for me.

P.S.

Btw, I've seen those xx00 levels being taken out with the speed of light.

EURUSD Longterm view (Daily)

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Murrey Math on every TF + Divergences on higher TFs
Nearing Long MA resistance. Possible Bearish Spike on Daily Chart.


http://www.forexrainbow.com/files/h9...vhbuioh58u.jpg
A little beginner trader since 2006
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