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  • #1,099,741
  • Mar 27, 2017 6:43pm Mar 27, 2017 6:43pm
Quoting Nightingales
{quote} Yes, thanks d1
Reason I mentioned day trade shorts was just because it has been trading mostly below todays open and the weekly camarilla breakout tgt has been hit on the top side H5 , blue circle ,,,,,,,, Breakout of the H4 Level , green circle ,,,,,,, the 24 ema hasent really broken yet but trading below the open gives it a bearish lean,,,,,,,,, ,, give it a bit and see if it drops below the 24ema ,,,,,, then be patient and you may get a decent short in a while ,,,,,, look for daily open to be used for a resistance point also when the volume comes in for the frankie fake out look for it to spike to the open or the 24 ema ,,,,,,,, everything kinda flat atm ,,, so the spikes could be a little past ,,,,,,, always worth throwing a line where the daily open is not saying the high wont get tested 1st but dont count on it ,,,,,,,patience .cheers man
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  • #1,099,742
  • Mar 27, 2017 7:20pm Mar 27, 2017 7:20pm
Quoting digger1
{quote} Reason I mentioned day trade shorts was just because it has been trading mostly below todays open and the weekly camarilla breakout tgt has been hit on the top side H5 , blue circle ,,,,,,,, Breakout of the H4 Level , green circle ,,,,,,, the 24 ema hasent really broken yet but trading below the open gives it a bearish lean,,,,,,,,, ,, give it a bit and see if it drops below the 24ema ,,,,,, then be patient and you may get a decent short in a while ,,,,,, look for daily open to be used for a resistance point also when the volume comes in...
Okay, will wait a while... thanks
  • #1,099,743
  • Mar 27, 2017 8:11pm Mar 27, 2017 8:11pm
Quoting nairate
{quote} Going long @1.08725 TP 1.09350 Sl 1.08350 *small lot size position {image}
adding more long at current price 1.086 TP1.089 SL1.0835
  • #1,099,744
  • Mar 27, 2017 8:16pm Mar 27, 2017 8:16pm
hello guys, i've been having a sentiment in my head lately that the recent eur rallies have been because of manipulation or at least some form of market adjustment. Not to say that i've been losing, but i feel that before any form a strong bear trend the eur will re-trace to November 2016 high levels before going fully bear. How do you guys feel that as more traders enter short positions the more the rally. Of course i could be wrong and probably am but the 26 percent left in long positions are probably banks, because any retail trader would be short at this point.
  • #1,099,745
  • Mar 27, 2017 8:18pm Mar 27, 2017 8:18pm
Quoting skillz16
Keep your eyes on 1.0815 tonight and tomorrow... if it closes below that definitely, then the long term phase is probably short. My long term phases last about a trading month also FYI.
Nothing runs up or down in a straight line. The trend for EUR/USD is bullish for now. If it dips to 1.0815 level, I will be adding longs. But it is more likely we see 1.095 range before 1.0815.
  • #1,099,746
  • Mar 27, 2017 8:45pm Mar 27, 2017 8:45pm
Quoting nishallall97
hello guys, i've been having a sentiment in my head lately that the recent eur rallies have been because of manipulation or at least some form of market adjustment. Not to say that i've been losing, but i feel that before any form a strong bear trend the eur will re-trace to November 2016 high levels before going fully bear. How do you guys feel that as more traders enter short positions the more the rally. Of course i could be wrong and probably am but the 26 percent left in long positions are probably...
Wikipedia : In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market
According to the 2016 Triennial Survey, turnover in global FX markets averaged $5.1 trillion per day in 2016.
Reuters : Online retail brokers traded $317 billion worth of currencies a day in the second quarter, down around 13 percent on the quarter but still up substantially compared to the same period last year, according to industry website Finance Magnates.
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  • #1,099,747
  • Mar 27, 2017 8:55pm Mar 27, 2017 8:55pm
Quoting nairate
{quote} adding more long at current price 1.086 TP1.089 SL1.0835
we will be dipping further. i will hate to build positions and be under water
Trading Demo?
  • #1,099,748
  • Mar 27, 2017 9:00pm Mar 27, 2017 9:00pm
Shit when is EU gonna make it's move?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,099,749
  • Mar 27, 2017 9:02pm Mar 27, 2017 9:02pm
short from 1.0901 tp manual close, eyeing the levels 1.0824, 1.0803, 1.0784 for possible bounce
  • #1,099,750
  • Mar 27, 2017 9:02pm Mar 27, 2017 9:02pm
Quoting KillerWhale
Shit when is EU gonna make it's move?
Have to look for other pairs, this is going too slowly
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,099,751
  • Mar 27, 2017 9:09pm Mar 27, 2017 9:09pm
broke out of value of 780 pretty strongly yesterday, so i'm leaning towards long side

current value is setting up at 850-900 for now

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  • #1,099,752
  • Edited 9:34pm Mar 27, 2017 9:19pm | Edited 9:34pm
EURUSD Weekly Analysis

The weekly chart is currently slowing PA down because we are at the potential C leg of a Shark Pattern. (Additionally if you look left to past candles you will see what was support earlier becomes resistance now).

The current weekly candle actually pierced a little higher through that level 1.0873 but did not close above it yet which leaves the Shark pattern still in play.

Another nearby pattern is the AB=CD pattern waiting at 1.0984 but since there are 100 pips inbetween I prefer to rely on the shark pattern and look for sell opportunities on smaller timeframes.

I am looking for sell opportunities with tight SL and if 1.09-1.0915 zone breaks then bulls might have a final run limited with 100-120 pips.

My conclusion is that somewhere inside these 100-120 pips the paused weekly bearish trend will continue to complete any of these patterns. Especially the shark pattern can push price at least down to D point: 1.0236 and even lower to its maximum range to D-max: 0.998

Stay Green
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Focus only on what truly matters!
  • #1,099,753
  • Mar 27, 2017 10:10pm Mar 27, 2017 10:10pm
I'm getting a feeling this is going up (15 min time frame).
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  • #1,099,754
  • Mar 27, 2017 10:25pm Mar 27, 2017 10:25pm
Quoting Ata-Turkoglu
EURUSD Weekly Analysis My conclusion is that somewhere inside these 100-120 pips the paused weekly bearish trend will continue to complete any of these patterns. Especially the shark pattern can push price at least down to D point: 1.0236 and even lower to its maximum range to D-max: 0.998 Stay Green {image} {image}
Ata-T, do you use an MT4 indicator to draw the butterfly on EURUSD weekly chart ? Which one, it's available here at FF ?

Thx for your amazing butterfly charts.
I am who I am
  • #1,099,755
  • Mar 27, 2017 10:39pm Mar 27, 2017 10:39pm
My Intraday Outlook.
(ahead London)

It looks like the bounce on the 1.0770 area (Monthly_R1) will go on.
Bulls hot again after correction (New York sess. and a dead Asian sess).
1.0873 (Dec.8 2016) about to be broken again.
The bullish TL(H1) keep them bulls on the upside ATM.

My Intraday S/R levels on the chart below.

Historically, when important tops are pierced the movement use to continue for a while. Now we have the correction, the rebound is welcomed.
I'm still bullish intraday. I will buy 1.0872, the green zones and bullish TL.

Have a good trading day you all!
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Member
  • #1,099,756
  • Mar 27, 2017 10:44pm Mar 27, 2017 10:44pm
Quoting imwim
{quote} Ata-T, do you use an MT4 indicator to draw the butterfly on EURUSD weekly chart ? Which one, it's available here at FF ? Thx for your amazing butterfly charts.
Thanks bro.. There are not many patterns.. let's see: Butterfly, Gartley, Bat, Crab, Cypher and Shark are the ones we draw like butterflies and then there are AB=CD and 3 Drives patterns.. All together 8 patterns. Was not that difficult to study and memorize the calculations.. so you can do it too..

But, if you insist in just using an indicator for pattern detection I would recommend the ZUP_v135 indicator. The good thing about it is that it catches the newest pattern on the active timeframe but the bad side is it doesn't draw overlapping patterns. It lists all the possible pattern areas though as labels. (It is possible to add or edit the target or fib variables pattern calculations rely on but it requires deep understanding of the code)

Anyways, I shared the ZUP_v135 indicator below and it has also the open source code in case you are interested in learning the core of it. I hope it helps.

Stay Green
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File Type: rar ZUP_v135.rar   330 KB | 711 downloads
Focus only on what truly matters!
  • #1,099,757
  • Edited 11:17pm Mar 27, 2017 10:45pm | Edited 11:17pm
Same as before just updated chart , may consider correction at b or better at D top or nearer or even breaks 1 st confirmation for great bull at 1.0909 & above also .This should play for the whole day or rest of the week. Take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,099,758
  • Mar 27, 2017 10:58pm Mar 27, 2017 10:58pm
Quoting Ata-Turkoglu
{quote} Thanks bro.. There are not many patterns.. let's see: Butterfly, Gartley, Bat, Crab, Cypher and Shark are the ones we draw like butterflies and then there are AB=CD and 3 Drives patterns.. All together 8 patterns. Was not that difficult to study and memorize the calculations.. so you can do it too.. Anyways, I shared the ZUP_v135 indicator below and it has also the open source code in case you are interested in learning the core of it. I hope it helps. Stay Green {file}
Thx Ata-T. I'll do my homework with all these 8 patterns and ZUP indicator also. Thx again.
I am who I am
  • #1,099,759
  • Mar 27, 2017 10:59pm Mar 27, 2017 10:59pm
Quoting imwim
{quote} Thx Ata-T. I'll do my homework with all these 8 patterns and ZUP indicator also. Thx again.
You're welcome..

Stay Green
Focus only on what truly matters!
  • #1,099,760
  • Mar 27, 2017 11:02pm Mar 27, 2017 11:02pm
Quoting RainBowDash
I would say that EUR/USD is at a major resistance. You can see that the price has reached the "daily r3" and the same price happens to be the weekly R2. EU should fade from here, but I rather take a short at the WEEKLY R3, which is posted within the following picture. {image} Any ideas from pivot traders?
Bro ... smells like greedy to me R3...
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