EURUSD

writing some stuff in mql. yuck, it's ugly. how do you debug this?

indeed it is. mql5 is much more powerful BUT hardly any brokers running it live

MT4 is just missing so much that could make life easier, like debug

Looking in to 2958 it may offer supply significant enough to stop it

beautiful euro

It's hard to believe that the DAX is just 15 points off its HOD.

dont be suprised if it will come again above 1,3 it's only move because of cutting interest rates, so fundamental issue. wait a while and be aware that e/u is not fundamental pair

blah.. logs then.

I have a lot of stuff written in java.. but I can only run that with dukascopy in demo.. I know there's a java to mt4 bridge but I didn't quite look into it yet..

taken profit at 54.

The trend is your friend until the bend in the end

but from the other hand, we see a crystal trend (downward). so when they will go to cut the stop loss ?
expect a 5 min candle up about 15 pips

Out at 64+ 15

Here's a trick of entering a trade with risk's check and probability checked.

For example, when price has been rallying from 1.3072 into 1.3125, i will never know a top is found, as i can't predict a future. Jumping into a trade too quickly is not ideal, as the rejection is not strong enough as yet.

Upon 1.3120/25 challenged a few times, as it aligned nicely on other studies on weekly/monthly charts like trendline and etc and previous top, look for a lower high to sell [ If price did not go lower from 1.3125, i can't determine that as lower high , as previous top we have 1.3170, 1.3139, if price action go to 1.3150?] I can sideway and can only deem it as triple top.. Price rejects yesterday of 1.3105, a short can be taken from there, a 23.6 fibo was entered on 1.3111/13 for me, from a base off rejection and tl break off 1.3105.

Thursday and friday of the week is known to be fundamental and the daily range pips can move quite a fair bit in trend, when a breakout occurs, follow in that direction, in Forex generally its hard to say there is low or hi. Witnessing eur move from 1.20 into 1.3170, every shorts attempt from 1.24-1.26 to 1.28? what is hi?

Price move in trend generally in the sessions where transactions and quotes are moving heavily, only till exhaustion/ rejection then it's confirmed. bids/offers may not stands in the event of strong fundamental. If as a dealer of bank abc i have 5 billions to buy a particular currency, upon seeing trend moving strongly, without a clear sign of rejection, i may want to wait out and my bids will in turns don't stand as its not loaded into the market. Orderboard are mere guides, just like how option barriers are broken, like earlier aus 1.0500. And how previously 1.3050 and 1.3100 was broken when price was previously on 1.3025 , as it's trend, volume comes in. Those levels of offers/bids, is covered by stop loss, buy stop/ sell stops. It's not as if, it's there to tank all the margin.

trends are tripped by buy/sell stops mainly or a change of fundamental events such as news/twitter. Rem when price was at 1.2880, then suddenly a fundamental tweets comes in and price sent back up, stocks from red back into green? algo going crazy etc etc. Those are triggers.

If i want to load a long, i may want to wait till price is stablized, or attempt to place a buy stop above certain failures of weakness at level of wicks on retracement. As price action mainly signifies, if i can attempt to climb over the previous mountain, i have higher probability to go higher, which is why earlier day of trading in london 1.3062 was the key level as there was wick, crossing over will send pa higher easily where we got a rally from 40-85 [ 45 pips off low ], look into your 5min chart u can see that.

Price action supersedes indicators like RSI/stoch in volatile period. I rem a time, where eur/usd move up 200 pips in 2 hours, so what is overbought? and then it went down 250 pips in 30 min, what is oversold? If as a trader, i place sell stops below pin bar, buy stops above resistance, i already secure all the trades, provided i have a good risk reward planted with trailing stops in it..


Hope this bring some light.

welcome to the world of Fundamentals.... Aud will follow suit soon enough if not today tomorrow or some time soon .... Fundamentals cannot lag behind forever, its my view but if u actually note it, there was a rejection of the PA at critical level and once the previous high was not breached sellers steamed in. This is exactly the reason why u cannot time your shorts at higher level it could have got rejected at 1.3080/90/100-140... lets see what follows suit...

50/51 is intraday target after Draghi dropped the pair.

It is stop hunt from 00/86 downwards.

Dollar index should take a small dive soon.

or untill the kick in the ass.

Enough is too much,
I'm trying a long at 2966, and one more at 2973 if we get there next.

long 2968. tp open

It formed a rising wedge this week and when it was coming to the end of the wedge and was touching the weekly down trend line price started fall yesterday. And today, Draghi hammers down the Euro and today,s daily candle is looking like a real statement of intent.

Seriously thought about shorting yesterday at 1.312 but was in losing trades for a while so I was getting a bit picky so decides against it and surprise surprise, finally the price turns!

Seem to always happen, when you had few losing trades you become picky and miss good opportunities and when you been in winning trades you become cocky and get in terrible trades.

It certainly does mate...! I should have known better when the price broke 1.3040 in the afternoon. I managed the trade quite well today closed my short @1.3030 as I wasn't expecting the price to break 1.3000 for today but was it necessary to jump into a long??? No...! OK, tried then didn't work out, then said will cover @1.3020 oh and in the mean time doubled my position @1.3028 .. OK could be... but when I noticed it was wrong then covered everything @1.3020... That was wise... But then what happened and I closed the covered bit @1.3010 and went long again, my idea was even if it doesn't bounce strong, it can well bounce to 1.3040s and I would end up in profit still. It didn't... and here we are. It was painful to cover @1.2980 but looking at where we are now, I see it was OK. And now I am left with a position with -40 pips. I may close the covered bit again but my view is bearish and it will hurt me more if it drops below current low and my loss then becomes 60... So wanted to explain some other members how badly you can destroy a beautiful day. I will probably close all and forget about this. Tomorrow is another day...

Buyers be careful.

Long @ 1.2963