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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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Attachments: EURUSD
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EURUSD

hi folks,

monthly preview EURUSD is mixed with a short signal towards 1.2364 as a first target, stops right above 1.4940 and long signal still in play as long as we are above 1.2873... its gonna be a real tough battle... all depends on the upcoming monthly candles... i expect consolidation above the 1.2873 level and signs of divergence for the shorts or the longs before any further move... if i had the yearly chart probably it will give a hint of who will win

weekly preview is heading towards 1.2930 as a first target, everything is possible depending on the closing of the upcoming weekly candles, same stop at 1.4940

daily preview, we are hanging on the 2nd target line of the last most significant daily trend and signal... might go anywhere from here with stops at 1.4148...

so overall its going to be mixed for a while for this pair and i dont think its the right time to trade it because we might go anywhere

just my opinion
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When life gives you lemons, make lemonade
Quoting kuroro001
Depends on your stategy....
Sometimes i average it as well, but it's just to build a full position...
When i think my position is not that good i take a small one, then another one lower (or higher)

But i agree that if you do add bigger lots when the trade goes against you it's the beginning of the end...
Kind of loading I do I enter a small trade with a trailing SL, when the SL is proffitable, add another small trade - keep on loading as appropriate for your account and the range. The risk is maintained at the SL for a single (small) trade rather than the total position size.

This to my mind is the safe way to load up a heavy position - single large trades are doomsday for you account.
Quoting EM_sHaRiNgAn
i let it roll this time!
You have just 2 ma ? You never try donchian channel on 5min chart?
Quoting chiche
You have just 2 ma ? You never try donchian channel on 5min chart?
nope...
careful folks -- cnbc: china to buy italian bonds .... ft reporting . dow now positive from -150 ! wow !
the rise of the bulls....an unsual liquidity the last 4 hours...something is fishy...
Quoting kuroro001
Depends on your stategy....
Sometimes i average it as well, but it's just to build a full position...
When i think my position is not that good i take a small one, then another one lower (or higher)

But i agree that if you do add bigger lots when the trade goes against you it's the beginning of the end...
Thanks Kuroro. I understand your strategy. I know you're only trying to build a position to average out at near BE if possible when you discover you're wrong. But in his own case, he placed 5 trades between 3565 & 3615 (50pips) against the main trend. It's good the markets are less volatile. But all the same, what can we say, as long as his strategy makes him money while being a potential bomb, who am I to question it?
Don't just beat the markets, leave bruises.
Looking at 1,3670 as first tp...then 1,3710
COT: The precious data ignored
Quoting Motion
Thanks Kuroro. I understand your strategy. I know you're only trying to build a position to average out at near BE if possible when you discover you're wrong. But in his own case, he placed 5 trades between 3565 & 3615 (50pips) against the main trend. It's good the markets are less volatile. But all the same, what can we say, as long as his strategy makes him money while being a potential bomb, who am I to question it?
Yes he had some balls to do it...because such momentum at this time of the day ain't usual...
And you may have noticed that some strategies from other people are not working for you but working for them...hard to explain
COT: The precious data ignored
Quoting free4440273
careful folks -- cnbc: china to buy italian bonds .... ft reporting . dow now positive from -150 ! wow !
Now I know the reason for that bullish engulf. Gonna long on a retracement.
Don't just beat the markets, leave bruises.
Quoting Pipwanderer
the rise of the bulls....an unsual liquidity the last 4 hours...something is fishy...
h4
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Quoting kuroro001
Looking at 1,3670 as first tp...then 1,3710
what was your entry K
Quoting Pipwanderer
the rise of the bulls....an unsual liquidity the last 4 hours...something is fishy...
its nothing unusual. Its a pullback. This might be caused from the COT report. If you were here couple of pages back, you would've seen that commercial longs increased in a hefty amount.
Have I got something on my face, SOLDIER?
long eurusd at 1.3660 stop at 1.3554 target 1.3881...
trade at your own risk... don't copy
When life gives you lemons, make lemonade
Quoting Pipwanderer
what was your entry K
1,3572 is still alive.
I've cleared the other one from 1,3580 and a few others inside 1,359x.

1,3670 is done...1,3710 is next unless it idles here waiting for the asian dudes

EDIT : looking at 1,3710 for now (1,3712-21 more precisely which is the hourly close (5pm fr time) and hourly high (8pm fr time) from friday ) because if we break this area next step is 1,3790...and its too high for me for now
COT: The precious data ignored
Closed my original longs on the top of the A wave (assuming its an ABC), started a fresh position at bottom of C (twice - stop out for a small gain the first time!).
Quoting kuroro001
1,3572 is still alive.
I've cleared the other one from 1,3580 and a few others inside 1,359x.

1,3670 is done...1,3710 is next unless it idles here waiting for the asian dudes
Hmm - day pin-bar - maybe the retrace still has some legs yet...
Quoting Khazul
Hmm - day pin-bar - maybe the retrace still has some legs yet...
Update on the China/Italy meetings that seemed to have been the catalyst for the late rally today:

Quote
Later comments on the China story intimate that the talks were not focused on debt but strategic investments in Italian companies in the privatization program but the market does not appear to be picking up on this (Bloomberg News quoting "Italian official") How EUR/USD trades in Asia could well hinge on the "details" of this story, so far only the headline is appearing in internet engine searches.
Quoting micho
long eurusd at 1.3660 stop at 1.3554 target 1.3881...
trade at your own risk... don't copy
closed +10
When life gives you lemons, make lemonade
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