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EURUSD

  • #1,104,761
  • Apr 20, 2017 7:17am Apr 20, 2017 7:17am
maybe it will go down about a 100pips but it will still go up..
  • #1,104,762
  • Apr 20, 2017 7:18am Apr 20, 2017 7:18am
Quoting eurBESTRADER
{quote} Show me
its not possible to draw am upper trend line based on your screen ... its too small, the most recent high may not be the top... you should not draw a line just to fit the chart...
Attached Image (click to enlarge)
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  • #1,104,763
  • Apr 20, 2017 7:22am Apr 20, 2017 7:22am
Quoting PayTheLimit
{quote} hey old man, your up...good.
yeah im up, i sold EU 1.0768, SL at b.e now
Attached Image
  • #1,104,764
  • Apr 20, 2017 7:23am Apr 20, 2017 7:23am
Quoting thatforexguy
okay everyone is bull but im going to sell now because of that long ass 4h hammer. just tp 1.73 . anyone else? i mean. why not? {image}
What time frame is this ?
4h ?
Mine loosk different ....
  • #1,104,765
  • Apr 20, 2017 7:34am Apr 20, 2017 7:34am
Quoting Don96
{quote} its not possible to draw am upper trend line based on your screen ... its too small, the most recent high may not be the top... you should not draw a line just to fit the chart... {image}
I realize that the reason is because I am drawing it off my phone .but the point here is what the chart is telling us
muse that information and trade based on that for trading you can't be to perfectionist you would lose opportunity that way
hope this help
"Think like a investor but, trade like a trader "
  • #1,104,766
  • Apr 20, 2017 7:36am Apr 20, 2017 7:36am
Quoting louieevans
maybe it will go down about a 100pips but it will still go up..
You got it
  • #1,104,767
  • Apr 20, 2017 7:36am Apr 20, 2017 7:36am
i hope it will reach 1.08 this time
  • #1,104,768
  • Apr 20, 2017 7:40am Apr 20, 2017 7:40am
Quoting eurBESTRADER
{quote} I realize that the reason is because I am drawing it off my phone .but the point here is what the chart is telling us muse that information and trade based on that for trading you can't be to perfectionist you would lose opportunity that way hope this help "Think like a investor but, trade like a trader "
you cant trade based on that... the chart isnt telling you anything from that, you drew the line and thought oh that must the top because the line is there
  • #1,104,769
  • Apr 20, 2017 7:41am Apr 20, 2017 7:41am
Is this a valid Head & Shoulder pattern in EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 93 KB
  • #1,104,770
  • Apr 20, 2017 7:50am Apr 20, 2017 7:50am
Quoting Don96
{quote} you cant trade based on that... the chart isnt telling you anything from that, you drew the line and thought oh that must the top because the line is there
Are you short or long?
  • #1,104,771
  • Apr 20, 2017 7:51am Apr 20, 2017 7:51am
Dead and burried ....
How do traders from the States trade ????
  • #1,104,772
  • Edited 8:11am Apr 20, 2017 7:52am | Edited 8:11am
MA-200 was hit,
i think might continue break above it without much retrace..

Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: `1.png Size: 28 KB
  • #1,104,773
  • Apr 20, 2017 7:53am Apr 20, 2017 7:53am
Quoting eurBESTRADER
{quote} Are you short or long?
short...
  • #1,104,774
  • Apr 20, 2017 7:54am Apr 20, 2017 7:54am
EURUSD Weekly Chart Update

The idea is "after a bearish breakout" no candle should close back above that broken trendline.

In our case current weekly candle is not supposed to close above the PURPLE trendline, because if it does the next weeks candle will open above the trendline and it will be difficult for bears to push price down.

I tried to draw in coming week's candle to see where that candle would touch the purple trendline. My theory is that neither this week's nor next week's candles should close above 1.0805 and for bearish continuation the best signal would be a weekly close back below 1.0727.

Considering that we soon might have a potential Head & Shoulders pattern, I am slowly shifting back to bearish.

Short and simple: After today we should expect a range between 1.0810 to 1.0720
(Weekly close above 1.0805 --> Bullish Continuation)
(Weekly close below 1.0727 --> Bearish Continuation)

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2017-04-20-Weekly.jpg Size: 97 KB
Focus only on what truly matters!
  • #1,104,775
  • Apr 20, 2017 8:03am Apr 20, 2017 8:03am
Quoting Don96
{quote} short...
You sound like long to me
  • #1,104,776
  • Apr 20, 2017 8:05am Apr 20, 2017 8:05am
Quoting Ata-Turkoglu
EURUSD Weekly Chart Update The idea is "after a bearish breakout" no candle should close back above that broken trendline. In our case current weekly candle is not supposed to close above the PURPLE trendline, because if it does the next weeks candle will open above the trendline and it will be difficult for bears to push price down. I tried to draw in coming week's candle to see where that candle would touch the purple trendline. My theory is that neither this week's nor next week's candles should close above 1.0805 and for bearish continuation...

Don't forget the election, these days its just moving based on politics news!
  • #1,104,777
  • Apr 20, 2017 8:09am Apr 20, 2017 8:09am
Check JPY woo approaching 50% to target
Founder of Sutherland Wave Principle
  • #1,104,778
  • Apr 20, 2017 8:11am Apr 20, 2017 8:11am
Quoting 4xforfun
{quote} Don't forget the election, these days its just moving based on politics news!
I believe election results will help bears..

Stay Green
Focus only on what truly matters!
  • #1,104,779
  • Apr 20, 2017 8:12am Apr 20, 2017 8:12am
Quoting eurBESTRADER
{quote} You sound like long to me
i already posted my position... why do i sound like long?
  • #1,104,780
  • Apr 20, 2017 8:15am Apr 20, 2017 8:15am
whaaa????????? AU down, GU down UJ up and eu UP?
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