EURUSD

hi everyone
do you guys know any website or email-subscription for technical review for this pair? I kind of want to hear some regular technical analysis provided by others, to maintain my objective attitude, stay away from my own emotion etc...
but it's like a lot of sources so it is hard to choose one really

My view of the market H4

The Price hits fib 88.6 perfectly

support
TL
strong support 1,079x area
RSI

resistance
1.085X-ish
1-.092/3x area

looking forward to next week

I know exactly how you feel ! Same with me usd/cad kept trying to get in (long), made some pips, last order I was long 31 something, got out with small profit, gave up started to concentrate on other pairs... then boom, started bull run.
Sooo frustrating !

If there's one thing I know, you should short this pair during the Asian session on Monday. Happy pips, guys.

Still doesn't look good at all unless you pulled out all at the top. In this environment investors would still be reluctant to fork over money to be managed in that kind of account. Furthermore, you would not make any additional money until the EQ went OVER the high water mark again. Your MM, not only position sizing needs to be reevaluated and your entry method and/or exit methods need to be reconsidered, what worked before is obviously not working as well this kind of volatile ranging market. There are systems that actually made money the last couple of days/weeks and before that from the beginning of this year. By your curve, yours is not one of them. I would guess you kicked ass during the trending markets but those kinds of methods just don't work in this kind of situation unless you tame the MM beast first. You say you want to scale your size up and dominate but unless you isolate which pairs are most profitable for you, it won't work unless all markets are trending. Get rid of the obscure pairs. They cost too much in commission and carry, they wouldn't allow you to carry too much size anyway even if you ratcheted up the position sizes after a certain volume. Stick with the majors and a couple of indices and maybe Gold. No more than 6 or 8 highly liquid instruments. Even Soros made billions off his legendary trade against the BOE in one instrument GBP and related pairs. If you trade against the USD or EUR or GBP or JPY, the liquidity will be there, even if the retail market can't cover it, the CB will step in because you are creating demand/supply they have to fill to protect their currency. But in order to get to that level, you can't have that kind of equity curve. You should read "Fooled by Randomness" and "Black Swan" and "Market Wizards". With all that said, what you are doing/attempting to do is commendable, you're fighting it out in the ring with more money that many here have in their savings account let alone trading account and you're wearing it on your sleeve. A lot of folks here, have no idea what it feels like to lose 10k 20k a clip in real money. Don't mind them. But also don't share too much about what you are doing/trying to do here, generally speaking, you're not going to get fans, or customers for that matter and definitely not any sympathy or empathy if you crash and burn. So for your own sanity, don't justify what you do too much here, because no one will really care and few will even remotely understand.

I've wiped out several real accounts due to position size (Lot size) and you know what's worse? The trades just go in my favour (Yes I was so sure of the direction that's why I went agressive on trades) Just after margin call, the prices will shoot in my way. I've learnt this lesson, and I no longer attempt to break the rules. So even if I was 10000% sure that the price is going to hit a certain level, position sizing and MM can still make me lose my account. I think it takes time, and takes a lot of money to learn that lesson. Actually it takes years of controlling emotions and never over trade or open big lots even "If you are so sure!" - The mkt always hunted stops either way to clean out these accounts. Lessons learnt

- The only thing we can control in FX is MM / position size. My position needs to be really small compared to my equity.
- Lock in quick profits to build up confidence. Yes you can wait and get more pips but you also put your trade at risk of reversal. The mkt is dynamic and always changing.
- Cut losses quickly and do not want the price to return to your entry if it has gone too far. Yes, probably it will return to that zone and other times it will never make it to that point.

I'm trying to be disciplined as much as possible, play small, play high probability setups only, increase the odds in my favour. That's all I can control in such a volatile, dynamic markets. By the way, my favorite pairs are EUR and GBP crosses, only major crosses. No exotic pairs like RUB or TRY.

Hope it works this time, as I really learnt the hard way in the past 10 years or so.

First potential target for Monday revealed on 4H by Mr. Leonardo Bonacci, an analyst I've started to heed again. He's not always exact and sometimes way off, but during times like these, he has some sound advice.

Curious to see if the BOJ move will work - should reveal within a few days next week.

I dont think therell be strong support at 1.079 area and we may see below during asia session

Try ICN.COM

Hourly ,full bearish with Ichimoku System !!

Scroll back to december 3rd see if it was showing the same thing

just do not look at the screen every minute or every hour. It is waste of time. Reading ff everyday is also a waste. 90+% posts here are smoke. the only thing I enjoy is pictures of pretty woman ike aston Martin lady. I am holding a small short position which does not hurt my main strategy if I am wrong.

true ↑

You were right, thank you! I do appreciate your response. How do we proceed now? I know you're not a fortune teller, but still I think the pair might want to get lower to 1.078x before giving up and going to the north again, even for a limited time. A clear political will was declared with the upside move in December, and I don't think these wolfs are going to let the EUR/USD pair drop much closer to the parity. Which leads me to thinking that 1.700 won't get broken in the next couple of months (perhaps even more that that), and I'd believe we will stay in the recent range for quite a while. What is your opinion on this?

Do you guys find it really boring without charts every weekend? It's a bad feeling, no?

The chart is there only its not moving, means it gives you time to analyze it and make a plan for your next week.

Yea Sadly the charts won't help a scalper like me. I need movement to live

I've seen it all the times, people and financial banks change their sentiment so quickly, when prices go down they start the parity talk but as soon as it push higher they put 1.11 targets and above. I trained myself to not listen to "price projections" because actually once all people have identified a downtrend and can see it on the chart, it'll be over by then and start reversing the other way.