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  • #1,097,541
  • Mar 17, 2017 3:14pm Mar 17, 2017 3:14pm
Quoting renanvito
{quote} it makes sense =] EDIT: the movement you draw {quote} thanks for clarifying
Remember buying zone is around 1.0685-1.07
I dont think it will drop more than that on Sunday and Monday.
Strong support level there.
I am watching it breaks 1.0723 now then bingo hihih !!!
Last hours is still have chance lol !!!!
  • #1,097,542
  • Mar 17, 2017 3:17pm Mar 17, 2017 3:17pm
I have back tested a Break Out Strategy for EURUSD I will be coding this weekend, tested it all the way back to 2003 I attached a table of my testing results, comments greatly appreciated. Stop and target are always 1:1 win loss ratio 57%, these figures assume 0.6 pip spread trading the EURUSD in IG.com and paying the 1 pip Guaranteed stop premium, the results also include deductions for roll over fees. Over 10,000 setups were tested.

Comments greatly appreciated.
Attached File(s)
File Type: pdf Zen.pdf   62 KB | 362 downloads
I live entirely from the growth of my personal trading account
  • #1,097,543
  • Mar 17, 2017 3:36pm Mar 17, 2017 3:36pm
Euro to US dollar pair seems to be moving to 1.07 and around 1.073 which is near today's lows.
  • #1,097,544
  • Mar 17, 2017 3:42pm Mar 17, 2017 3:42pm
Quoting OhComeOn
Anyone else seeing EurUsd hitting 1.05x next week?

Everything is possible.

Best way to predict the market

Attached Image (click to enlarge)
Click to Enlarge Name: TossingCoin.png Size: 251 KB


Alternatively you can use google

https://www.google.com/search?num=10...&q=flip+a+coin

It flips for you.

Usually Heads you Buy and Tails you Sell.

Please Note: THIS IS A JOKE. Don't Take it Seriously. Although it works really well in my demo account, makes you wonder!
"The cave you fear to enter, holds the treasure you seek"
  • #1,097,545
  • Edited 4:21pm Mar 17, 2017 3:45pm | Edited 4:21pm
Quoting Connors
I would like to point out 1.0733 as the level that will separate bulls from bears next week. It is the 71.4% ret level from 1.0492 to 1.0829. Needless to say it is bullish on all time frames since it took 1.0662, any dip to 1.0610s is a buy opportunity for me for next week. Tough week it was but at least it has now volatility kicking in.

OK there was a reason for the level I mentioned last week, clearly pa shows respect to it. It is still hanging around it and most likely will make the close here at this spot.

Lets try to identify what last two weeks caused technically.

PA is trying to overcome the medium term - long term it is under some major pressure needless to say -bearish pressure it has been under since the US election. It has been very carefully shifting itself to immediate resistance @1.0820 - 50 %ret level but it has been deadly slow since taking it will clearly provide the necessary ammo and it will gain momentum while going up. I wouldnt recommend any shorts once it makes an hourly or a 4H close above this level.

Todays high was nothing more than the short term 85.7% retracement level - @1.0781 and not a significant level to take once the weekly makes the close above or at 1.0733.

There is a hidden gap that pa needs to close @1.0565 but as things stand it is hard to guess when that will happen.

Once/if pa decides to take 1.0820 some minor resistance would be

1.0873 - Dec 8th ECB top
1.0888 - Medium term 57.1% retracement from Nov 9th top 1.1299 to 14 year low @ 1.0340

1.0933 - Medium term 61.8% ret level -IMPORTANT

1.0953 - Nov 10th daily high

and clearly 1.1025 - It is medium term 71.4% - I will be very careful if/once price reaches here, it would change the medium term outlook for me.


A spike closer to 1.0820 and taking a short would offer a beautiful setup while putting a 20-30 pip stop above this crucial level, or if you are bullish biased any level closer to 1.0651/1.0669 could be your pick for entry.

Will be checking the charts over the weekend once again cause as things stand, I am losing my bias. Bears /Bulls both have valid reasons.

I bid you all a great weekend fellas.
  • #1,097,546
  • Mar 17, 2017 3:58pm Mar 17, 2017 3:58pm
Quoting renanvito
In H1 after a cross of the EMAs (10 and 20 period) it went down, so, the trend is down now, after the price action today it showed unable to go higher, and if some similar happen again with a similar angle, the region to buy will be around to 1.07. {image}
Maybe some bounce there. I'd stay low.

I'm looking at 0620 give or take. That's first target.
Good stuff Angelina and guys

I posted a chart yesterday (in my journal) , some unscrupulous guy - ASGCORP, copied it without mentioning me.
tut tut
https://www.forexfactory.com/showthr...63#post9679863

I might stop all posting!!!! Why bother?

Anyway let's wait.
GL.
Attached Image (click to enlarge)
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Beware of robber banks (RB), bad advisors.
  • #1,097,547
  • Mar 17, 2017 4:07pm Mar 17, 2017 4:07pm
Quoting JRissa
{quote} Still the same target. Got some more longs added. https://youtu.be/ycpUWK6uFVQ
Taking longer than expected. Had good time adding longs
https://open.spotify.com/album/69mHQRENwrXzlRRXvURQVK
I know the secret...
  • #1,097,548
  • Mar 17, 2017 4:14pm Mar 17, 2017 4:14pm
Quoting Mirco-world
{quote} fake up move -))) https://youtu.be/5e-RnKAN9qY
No matter where the price fakes or how long the fake is, it always has place to go Take advantage of it! When you feel it, you will find independence.
https://open.spotify.com/album/69mHQRENwrXzlRRXvURQVK
I know the secret...
  • #1,097,549
  • Mar 17, 2017 4:25pm Mar 17, 2017 4:25pm
Connors , mate great work . Thanks for posting it.

KPMG NOT keep poping up.

Have a great weekend all



Dee 777 . . . welcome . Your idea is a break-through . Like the Pythagorean Theorem in the 5th century B.C.

  • #1,097,550
  • Mar 17, 2017 5:43pm Mar 17, 2017 5:43pm
Quoting Connors
{quote} Did you really need to put a cartoon of that size to make your point? I fecking hate it, telling a joke and being funny while doing so requires some creativity mate. You are a new member and this should not be the best way for introducing yourself. Anyway,good night.
It's just a joke mate, calm down.
"The cave you fear to enter, holds the treasure you seek"
  • #1,097,551
  • Mar 17, 2017 7:49pm Mar 17, 2017 7:49pm
Quoting Connors
{quote} Did you really need to put a cartoon of that size to make your point? I fecking hate it, telling a joke and being funny while doing so requires some creativity mate. You are a new member and this should not be the best way for introducing yourself. Anyway,good night.
#triggered
  • #1,097,552
  • Edited 4:39am Mar 18, 2017 4:17am | Edited 4:39am
Quoting Connors
{quote} OK there was a reason for the level I mentioned last week, clearly pa shows respect to it. It is still hanging around it and most likely will make the close here at this spot.
Agree. To make story short :

Recommendation: Next week Monday. Trade with your own risk. This is only my prediction. DON'T FOLLOW ME.

S/ R : 1.0650 // 1.0840

1.0640 is a better entry for long
1.0860 is a better entry for short
  • #1,097,553
  • Mar 18, 2017 5:01am Mar 18, 2017 5:01am
My daily chart. Pay attention to the blue channel and the price level.
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  • #1,097,554
  • Mar 18, 2017 5:25am Mar 18, 2017 5:25am
Quoting Not-KPMG
{quote} Maybe some bounce there. I'd stay low. I'm looking at 0620 give or take. That's first target. Good stuff Angelina and guys I posted a chart yesterday (in my journal) , some unscrupulous guy - ASGCORP, copied it without mentioning me. tut tut https://www.forexfactory.com/showthr...63#post9679863 I might stop all posting!!!! Why bother? Anyway let's wait. GL. {image}
to me ASGCORP is Ruffyryders or related to him
https://www.forexfactory.com/ruffryders
just do it
  • #1,097,555
  • Mar 18, 2017 6:54am Mar 18, 2017 6:54am
Think I finally got proper S/R levels set up for next week's trading. Hopefully this time I have it right.
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  • #1,097,556
  • Mar 18, 2017 7:19am Mar 18, 2017 7:19am
Quoting tstivers
Think I finally got proper S/R levels set up for next week's trading. Hopefully this time I have it right. {image}
think/look at the more as 'zones' rather than exact levels... a zone you can determine your stop more easily and as it approaches the zone you have a plan... with the right stop... choose a level in the zone and adjust your stop accordingly. in order to use exact levels i feel like it must be done with something such as fib's or double tops and bottoms for example. SR levels aren't an exact spot if you like.
  • #1,097,557
  • Mar 18, 2017 7:30am Mar 18, 2017 7:30am
Quoting tstivers
Think I finally got proper S/R levels set up for next week's trading. Hopefully this time I have it right. {image}
You are on the right track.
See your lines as "zones" and watch the candles around these zones.
Only take trades with clear signals from the candles that appear in and around these zones.
Combine your lines with Fibs and/or Pivots. Experiment with them, you'll find out how it works when you see them line up.
Watch for "Exhaustion" Candles
If not sure, don't trade. Sometimes it's better to just watch and learn for a while. You don't "miss" anything, the market is always there.
There is no such thing like "missing a trade". It is better to not take a trade because you "missed the entry", than trying to jump on a moving train.

Always, always always always wait for the candle close. Never trade a moving candle.
(97% of my losers come from my own impatience. "missed the entry, take the moving candle, get stopped or trying to catch a missed entry)
I learned that the hard way. My "hitrate" is sick, but so is my impatience. Don't be me)
you are not expected to understand this
  • #1,097,558
  • Mar 18, 2017 11:27am Mar 18, 2017 11:27am
Quoting Don96
{quote} think/look at the more as 'zones' rather than exact levels... a zone you can determine your stop more easily and as it approaches the zone you have a plan... with the right stop... choose a level in the zone and adjust your stop accordingly. in order to use exact levels i feel like it must be done with something such as fib's or double tops and bottoms for example. SR levels aren't an exact spot if you like.
I understand this. I wish I could mark them as zones. But the only horizontal line that isn't tied to specific bars and extends infinitely in both directions in fxTrade/TradingView is a simple line. There's no way to mark a zone this way. So I just mark the lines and understand that they're zones rather than exact values.
  • #1,097,559
  • Mar 18, 2017 11:31am Mar 18, 2017 11:31am
Quoting tstivers
{quote} I understand this. I wish I could mark them as zones. But the only horizontal line that isn't tied to specific bars and extends infinitely in both directions in fxTrade/TradingView is a simple line. There's no way to mark a zone this way. So I just mark the lines and understand that they're zones rather than exact values.
Use two lines to mark upper and lower end of the zone
Use rectangle to color the zone if you want. You only need it for the current day.
If you can access your account with Metatrader (or similar), DO IT.
you are not expected to understand this
  • #1,097,560
  • Mar 18, 2017 11:32am Mar 18, 2017 11:32am
Quoting Teek
{quote} You are on the right track. See your lines as "zones" and watch the candles around these zones. Only take trades with clear signals from the candles that appear in and around these zones. Combine your lines with Fibs and/or Pivots. Experiment with them, you'll find out how it works when you see them line up. Watch for "Exhaustion" Candles If not sure, don't trade. Sometimes it's better to just watch and learn for a while. You don't "miss" anything, the market is always there. There is no such thing like "missing a trade". It is better...
Yeah. Impatience is my biggest downfall currently. I realized that after this week. This week was a massive learning experience for me lol. Only cost me around $7 though so a pretty cheap learning experience.

I don't use fibs as I believe they're more of a self-fulfilling prophecy and don't hold any actual value beyond the fact that lots of traders use them. But the big money doesn't use them, and you want to be following the big money, because they're the ones who actually make the price move. In fact, I don't use any indicators beyond volume to get an idea of how much money is behind price movements, a 9 period moving average, and a 200 period moving average, to help me get an idea of the trend. What I'm trying to do is pure price-action.
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