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  • #1,090,541
  • Feb 7, 2017 12:09pm Feb 7, 2017 12:09pm
Quoting Andrei2090
Rookie here: So the 4H timeframe, stochastic show it is still oversold and should go up, but the 1H shows overbought and expecting a fall. How do you make your trade decision in such moment? You guys expect the fall, but that only seems to be for the next hour, are you guys still expecting an overall bullish trend for the 4H timeframe? Thanks for the feedback!
I am sure the question is not for me .... But here is my opinion

I have never used nor understood the benefit of using a 4H chart. Hourly , daily , 5 min. it s enough

my 2 cents mate.
  • #1,090,542
  • Feb 7, 2017 12:38pm Feb 7, 2017 12:38pm
Quoting TudorIoan
{quote} Said yesterday about your prediction that it's about to happen... Finally, you got here today, where've you been?! ...give up work, it sucks! Now what we're gonna do? Up or still down?
Â
Hi Tudor hi all
We got to 0705. good. It will test 0710 and if fails.... Close longs.
If it goes up....maybe 0730 as reversal point into short.
Â
The new guy Andrei,hi, who asked a question 4H versus 1H --- it's up to you. Your time your money
Â
My posts are on 4H chart.
GL.
Beware of robber banks (RB), bad advisors.
  • #1,090,543
  • Feb 7, 2017 12:46pm Feb 7, 2017 12:46pm
H4 Update.. the correction went deeper than expected.. overall picture didn't change much though.. since we had a fib 78.6 retrace the possibility of a butterfly pattern appeared.

In the NY session Euro recovered back into the blue dashed channel.. as long as we are above 1.0690 the currency pair will act bullish..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-07-February-2017-Update.jpg Size: 222 KB
Focus only on what truly matters!
  • #1,090,544
  • Feb 7, 2017 1:23pm Feb 7, 2017 1:23pm
Quoting Andrei2090
Rookie here: So the 4H timeframe, stochastic show it is still oversold and should go up, but the 1H shows overbought and expecting a fall. How do you make your trade decision in such moment? You guys expect the fall, but that only seems to be for the next hour, are you guys still expecting an overall bullish trend for the 4H timeframe? Thanks for the feedback!
Stochastics are useless IMO .
  • #1,090,545
  • Edited 2:18pm Feb 7, 2017 1:32pm | Edited 2:18pm
Quoting Ata-Turkoglu
H4 Update.. the correction went deeper than expected.. overall picture didn't change much though.. since we had a fib 78.6 retrace the possibility of a butterfly pattern appeared. In the NY session Euro recovered back into the blue dashed channel.. as long as we are above 1.0690 the currency pair will act bullish.. Stay Green {image}
I think this has a lot of potential. In fact it's exactly what I was anticipating. Might be worth holding those longs. Great analysis. This move up still looks young.
Founder of Sutherland Wave Principle
  • #1,090,546
  • Feb 7, 2017 2:02pm Feb 7, 2017 2:02pm
Quoting suthmo
{quote}I think this has a lot of potential. In fact it's exactly what I was anticipating. Might be worth holding those longs. Great analysis.
Thanks bro, kind of you.. well today there was no serious driver data in the markets.. the latest 3 candles on H4 are all inside bars of the final bearish candle, which still reflects bear power..

In my opinion with the actual chart in mind, the first hope for bulls can only begin when H1 candles close above 1.0730 (at least), otherwise the bear pressure will not leave the scenes easily.

Although my long term belief is still bullish for this pair, since yesterday I started to focus on shorting more than buying and as I said I will keep doing it until I see bull power pushing price higher on hourly (higher highs or break of trendlines or major resistance levels etc)

Stay Green
Focus only on what truly matters!
  • #1,090,547
  • Edited 4:35pm Feb 7, 2017 2:42pm | Edited 4:35pm
Quoting ruma29
EURUSD,H1, long.
closed +24,
entered short again!!, this is embarrassing: how many times trying to get to 1.0616?

---------------

closed +17
  • #1,090,548
  • Feb 7, 2017 2:49pm Feb 7, 2017 2:49pm
Quoting yanitsa
{quote} Stochastics are useless IMO .
Then what do you use as indicators? I understand that the candles are pretty much 90% of the trade decision and pattern, but if not stochastics....RSI? MACD? Trump's tweets? lol
  • #1,090,549
  • Feb 7, 2017 3:07pm Feb 7, 2017 3:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 54 KB


old trendline support tested H4


and

H1 400 EMA
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 48 KB


Short???
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 19.8%
  • #1,090,550
  • Feb 7, 2017 3:41pm Feb 7, 2017 3:41pm
ouch that hurts
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  • #1,090,551
  • Feb 7, 2017 3:58pm Feb 7, 2017 3:58pm
Quoting ruma29
{quote} closed +24, entered short again!!, this is embarrassing: how many times trying to get to 1.0616?
short could be good decision at the moment but a minor posibility is to go up but limited...
  • #1,090,552
  • Feb 7, 2017 4:12pm Feb 7, 2017 4:12pm
Yep, momentum should take this farther down, I think to at least 62
  • #1,090,553
  • Feb 7, 2017 4:27pm Feb 7, 2017 4:27pm
SL on shorts at 1.06 98

In $JY SL for longs at 111.95

See you tomorrow crew.

  • #1,090,554
  • Feb 7, 2017 5:34pm Feb 7, 2017 5:34pm
Quoting Don96
{quote} is that bad money management... i think not, 15 deposit Monday 6th February... who cares if i lose it? {image}
not bad for 2 days, started the 3rd day with 7 pips, see how it goes tomorrow ... could leave it at. but £115 not worth it
Attached Image
  • #1,090,555
  • Edited 9:27pm Feb 7, 2017 7:30pm | Edited 9:27pm
EURUSD,in-71...long closed+14
  • #1,090,556
  • Edited Feb 8, 2017 7:25am Feb 7, 2017 7:33pm | Edited Feb 8, 2017 7:25am
u/cad still has unfinished business at 1.204x. i dont see it atm.. but with some sort of world oil upset it could happen with a oil rise. (weeks or months) meanwhile w/o the help of a world upset headline atm. the chart seems to show that headline coming. at least chart wise its ready. depending if it gets the headline i guess.. anyway atm u/cad is at 1.3188. i suspect its going to 1.330x... once there it may weaken. but w/o a headline to help. a better short is probably against the high not being broke at 1.35985.. the closer the better using the high +spread as a stop area. the setup only needs 1.3308.. but as said, i don't see it w/o a oil upset. but the charts many times predict those upsets. the oil chart has reached that brent norm at 56xx before 14.. mostly tin hat atm theory.. 56.xx was just the minimal edge norm. so it could go higher and still keep 14.x valid. anyway here it is.. 1.204 is a normal retrace with a valid 1.24xx as a target. as long as it remains below 1.35985.. but i wouldn't trade it till it reached 1.3308.
edited a fu, 67 to 56 brent
those who can, do. those who cant, talk about those who can
  • #1,090,557
  • Feb 7, 2017 7:39pm Feb 7, 2017 7:39pm
EUR/USD just retraced 0.68 to complete wave 4 of this downward impulse wave. So hopefully wave 5 should proceed southward with no restrictions. Any contrary view? Sorry I have no charts - currently trading with a smartphone and not a more enabling device.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #1,090,558
  • Feb 7, 2017 7:53pm Feb 7, 2017 7:53pm
Disclosure: I've grown up trading-wise and I'm now a staunch believer in the EWP as the truest way to trading success.

I herewith encourage all Forex newbies to not waste further time and money by trading without first acquiring knowledge. EWP is the basis of all "patterns" and reliably predictable trading systems. Not just my opinion but the opinion of the pros.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #1,090,559
  • Feb 7, 2017 8:03pm Feb 7, 2017 8:03pm
Anyone know whats the deal with fxcm?? Sorry for going off topic but does anyone here know any good broker??
Trade what you see, take what the market gives you.
  • #1,090,560
  • Feb 7, 2017 8:29pm Feb 7, 2017 8:29pm
Quoting VuLe
Anyone know whats the deal with fxcm?? Sorry for going off topic but does anyone here know any good broker??
I think they traded against their retail clients, and was fined big time. Don't know the details though.
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