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  • #1,071,821
  • Jul 10, 2016 9:41pm Jul 10, 2016 9:41pm
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #1,071,822
  • Jul 10, 2016 10:15pm Jul 10, 2016 10:15pm
1054 seems to be unbreakable resistance for eu what u guyz think about this weakness.
  • #1,071,823
  • Jul 10, 2016 10:22pm Jul 10, 2016 10:22pm
Quoting Vantage FX
It looks like a 'textbook' re-test of broken support now acting as resistance, but what are your thoughts on EUR/USD continuing to rise along the broken trend line before re-activating it as support again? {image}
So a huge headline beat on NFP and no follow through on the EUR/USD rally. There's some chatter around that this is bearish for the pair because it couldn't break resistance and clean out any stops above immediately on the news.

But it can still be argued that price has merely reset itself to equilibrium following the news and now a session later (and into a new week), price can resume its upward trajectory from here.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #1,071,824
  • Jul 10, 2016 10:52pm Jul 10, 2016 10:52pm
Hello all,
Decided to take a short from the pivot point 1.1047
Target 10970. Stop 1.1148
Daily pivot below monthly pivot = Down Trend for me.
Happy trades to all.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 43 KB
If it can happen and it is bad for you, then it will happen...
  • #1,071,825
  • Jul 10, 2016 10:53pm Jul 10, 2016 10:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: 11.07.jpg Size: 169 KB

Euro in short balance and it has a range now. It tried go out from the range border on last week but couldn't. I waiting move in short balance and i think we will see new low in this contract very soon.
  • #1,071,826
  • Jul 10, 2016 11:53pm Jul 10, 2016 11:53pm
Bull is in danger mode. China gonna beat it
You cannot learn better without losing
  • #1,071,827
  • Jul 11, 2016 12:00am Jul 11, 2016 12:00am
Friday the pair made a Doji outside day and for me is a big indecision with a potential of setting a new trend on the break of the high or the low of this outside. Until then it should be in a tight range going from 1.1120 down to 1.1000. I'm waiting for the break and the establishment of the new trend.
  • #1,071,828
  • Jul 11, 2016 12:25am Jul 11, 2016 12:25am
Quoting CableFx1
Hello all, Decided to take a short from the pivot point 1.1047 Target 10970. Stop 1.1148 Daily pivot below monthly pivot = Down Trend for me. Happy trades to all. {image}
Adjusted my stop to break even +2 pips
If it can happen and it is bad for you, then it will happen...
  • #1,071,829
  • Jul 11, 2016 12:25am Jul 11, 2016 12:25am
E/U - Daily chart

Attached Image (click to enlarge)
Click to Enlarge Name: ed_D.png Size: 56 KB


Price is under bullish daily TL in bearish zone



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H4 Chart- Price below yellow H4 TL is in bearish zone.
  • #1,071,830
  • Jul 11, 2016 12:44am Jul 11, 2016 12:44am
The EUR/USD pair recorded a drop in the first hours of the trading European session. The pair reached of 1.1017 and is now trading at 1.1028. First support is seen at 1.1000.
  • #1,071,831
  • Jul 11, 2016 12:51am Jul 11, 2016 12:51am
May I buy now? please advise.
Artist lead and hacks ask for a show of hands.
  • #1,071,832
  • Jul 11, 2016 1:18am Jul 11, 2016 1:18am
Quoting al_yaqen
May I buy now? please advise.

There's no need to force yourself to trade EUR/USD right now....

The overall Market Trend is Bearish, but the Daily Market Sentiment is Bullish

Based on the Strength Scale EUR and USD are Strong, therefore you are going to experience INDECISION

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-11 03.10.18.png Size: 99 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-11 03.15.52.png Size: 90 KB


Best case scenario is to wait for EUR to weaken so that the Daily Market Sentiment matches with the Overall
Market Trend Bias.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,071,833
  • Jul 11, 2016 1:23am Jul 11, 2016 1:23am
Quoting OctaveJay509
{quote} There's no need to force yourself to trade EUR/USD right now.... The overall Market Trend is Bearish, but the Daily Market Sentiment is Bullish Based on the Strength Scale EUR and USD are Strong, therefore you are going to experience INDECISION {image} {image} Best case scenario is to wait for EUR to weaken so that the Daily Market Sentiment matches with the Overall Market Trend Bias.
Thank you Octave, I am still new in trading. I waited and I buy. Anyway what system are you using, can you share?
Artist lead and hacks ask for a show of hands.
  • #1,071,834
  • Jul 11, 2016 1:30am Jul 11, 2016 1:30am
Quoting al_yaqen
{quote} Thank you Octave, I am still new in trading. I waited and I buy. Anyway what system are you using, can you share?

If you are new to trading, you should spend more time on demo trading and learn how to trade on H4TF and Daily TF...

Here's the system that I am using:
http://www.forexfactory.com/showthread.php?t=557483

It's a Combination of Fundamental Analysis and Technicals
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,071,835
  • Jul 11, 2016 1:44am Jul 11, 2016 1:44am
Quoting OctaveJay509
{quote} If you are new to trading, you should spend more time on demo trading and learn how to trade on H4TF and Daily TF... Here's the system that I am using: http://www.forexfactory.com/showthread.php?t=557483 It's a Combination of Fundamental Analysis and Technicals
This is cool. I will look into it. You mentioned about daily trend more bias to bullish. Can you give some comment on price prediction where EURUSD will go for this hour until US session.
Artist lead and hacks ask for a show of hands.
  • #1,071,836
  • Jul 11, 2016 1:52am Jul 11, 2016 1:52am
Quoting KeenPips
{quote} Do you follow the trend or jump into it?
I usually measure volatility, as soon as the volatility increases I just jump into the strong move.
Acta non verba
  • #1,071,837
  • Jul 11, 2016 2:05am Jul 11, 2016 2:05am
Quoting GJscalper
{quote} I would like to congratulate you on your two trades, but because you took those trades right after NFP, clearly it shows your thrill seeking need. Luckly you have a trade explorer, which I decided to take a look at and it clearly supports your claim of Buying when the market is moving up and selling when the market is moving down but that wont earn you much as I have noticed something very alarming. The time of your trades, on avg is less than 10 mins, but the avg time of your winning trades are around 2 mins, which means that your losing...
Thanks for your analysis! I updated my trading strategy that should cover all the risks that you mentioned. I also now execute some orders manually and some by an EA, so my trading should be more under control.
Acta non verba
  • #1,071,838
  • Jul 11, 2016 2:06am Jul 11, 2016 2:06am
Quoting al_yaqen
{quote} This is cool. I will look into it. You mentioned about daily trend more bias to bullish. Can you give some comment on price prediction where EURUSD will go for this hour until US session.

I don't have a lot of data to make a proper prediction for the next hour, but PA is trading around key Fib Levels, and it's
best to wait for price to move away from 78.6% and 88.6% to have a clear picture of what this pair wants to do....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-11 04.03.43.png Size: 92 KB


Patience and Time are extremely important in this case....


Note: If I were you, I would ignore any Bullish Moves throughout the week....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #1,071,839
  • Jul 11, 2016 2:08am Jul 11, 2016 2:08am
Good morning traders! Here is my supply / demand zones setup for today's trading. As expected, a lot changed by the friday's NFP report. So support / resistance zones are now influenced by the NFP report too. Very interesting zone is now the support that is changing to intraday resistance at 1.1033 - 1.1037. Overall not much volatility expected today.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 12 KB
Attached File(s)
File Type: tpl eurusd-M15_SR.tpl   3 KB | 221 downloads
Acta non verba
  • #1,071,840
  • Jul 11, 2016 2:29am Jul 11, 2016 2:29am
Quoting TradingLife
{quote} Thanks for your analysis! I updated my trading strategy that should cover all the risks that you mentioned. I also now execute some orders manually and some by an EA, so my trading should be more under control.
Control is what we should all try so hard to get. I, like many others, have tried to tackle ¨news trading¨ only to end up getting caught off guard by a million and one things which the market throws at you during those times. Of course I am saying you can´t succeed because I have failed and it is wrong for me to do so, but the reality is the algos which run during high impact news are a killer and are meant to open as many orders as possible. I think overtime you will see it and decide not to trade during those moments.
@GJscalper I've turned a new leaf. No more trolling.
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