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  • #1,117,221
  • Jun 17, 2017 4:47pm Jun 17, 2017 4:47pm
Quoting Jairote
Hi, This is how I see EUin TF H4.... {image}
EU looking more and more like London Bridge
Read in between the price!!!
  • #1,117,222
  • Jun 17, 2017 5:32pm Jun 17, 2017 5:32pm
Quoting Ata-Turkoglu
EURUSD Monthly Outlook Below is my monthly chart which I prepared on www.tradingview.com and as you can see EURUSD flows between the midlines of the following two channels: 1) The bigger channel (orange) has a midline at 1.1365 for this month (for each month the touchpoint drops roughly 25 pips), and therefore we can expect price not to go higher than 1.1365 for this month. (For the next month not higher than 1.1340) assuming this resistance line will reject! 2) The smaller channel (purple) has a midline at...

Quoting Connors
Weekly closed a bearish doji. Levels are pretty much the same, all of us know them by now. Still there is the possibility of 1.13xxs and higher however I wouldn't be seeking longs around 1.1200 area. Not until around 1.1114 at least but I expect it to go deeper than 1.1114 and clear some weak bulls before trying for the long expected medium term top which seems to me @1.1350/1.1360. Unfortunately even in a week full of events, PA refuses to test major supply demand zones - 1.13xxs and 1.1060xxs. I expect a a small size gap down on...

Similar plan but I have the monthly piv as the buy area mate, your plan also makes sense however if it needs a higher low than 1.11089,the latest low - 1.1130s - is a little too high to be considered a higher low. Indeed 1.1156 is the immediate support and agressive buyers may prefer that. Let's see how it rolls.
Some expect a gap up but I have to disagree on that cause of the weekly close. Expecting a gap down to the initial support area and after that clear some weak bulls around the monthly piv first.
  • #1,117,223
  • Jun 17, 2017 5:54pm Jun 17, 2017 5:54pm
Quoting Connors
{quote} {quote} Similar plan but I have the monthly piv as the buy area mate, your plan also makes sense however if it needs a higher low than 1.11089,the latest low - 1.1130s - is a little too high to be considered a higher low. Indeed 1.1156 is the immediate support and agressive buyers may prefer that. Let's see how it rolls. Some expect a gap up but I have to disagree on that cause of the weekly close. Expecting a gap down to the initial support area and after that clear some weak bulls around the monthly piv first.
Yeah, let's see the weekly opening first.. for now market flows below the midline of the bigger monthly channel which makes the bigger picture still bearish.. that's the simple reason why my expectations are towards a rejection.. but with the same logic a monthly close above 1.1365 would surely shift my longterm bias to bullish.. time will show.. thanks for your contribution..

Stay Green
Focus only on what truly matters!
  • #1,117,224
  • Jun 17, 2017 6:12pm Jun 17, 2017 6:12pm
Did some drawings ..


This thread currently undergoing some harsh abusive moments but thanks to those that shared some positive insights ..
12 years Experience only to enjoy suspending others hmmmm Jobless?
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  • #1,117,225
  • Jun 17, 2017 6:19pm Jun 17, 2017 6:19pm
looks like this is going above Daily R1
Risk comes from not knowing what you're doing.
  • #1,117,226
  • Jun 17, 2017 6:46pm Jun 17, 2017 6:46pm
Quoting jusstin911
Did some drawings .. This thread currently undergoing some harsh abusive moments but thanks to those that shared some positive insights .. 12 years Experience only to enjoy suspending others hmmmm Jobless? {image}
logically i dont think it will retrace to 1.09 or 1.10 because many traders short at 1.06 have additional shorts up until 1.12, so if we retrace they would break even
why would a market maker allow them to break even?
When life gives you lemons, make lemonade
  • #1,117,227
  • Jun 17, 2017 7:56pm Jun 17, 2017 7:56pm
It points to the same critical level of resistance 112.10-20 ish, no matter how you slice it.

A Renko Wolfe wave....just because.
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,117,228
  • Jun 17, 2017 8:18pm Jun 17, 2017 8:18pm
Hey Guys,

Just started following the thread. Complete novice still finding my way in the world of forex. My systems and strategy are very basic but the contribution of a number of people has been great for me to confirm what I'm seeing in my own chart or more often than not correct my visions

Either way, I'm learning a great deal and wanted to say thank you

Keep up the good work
  • #1,117,229
  • Jun 18, 2017 12:49am Jun 18, 2017 12:49am
BullTrend and BearRetrace playing on plateau of 1.1125(V. strong resistance turned to v strong support ie 61.8 fib) .Union fine till mountain peak 78.6 fib is reached. Let none put asunder; extensions of union could peak 1.14...1.15. For now, step by step dance between the couple to target.

Plenty pips to all.
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Follow the Flow and Grow
  • #1,117,230
  • Jun 18, 2017 4:04am Jun 18, 2017 4:04am
My view --

Whilst volume appears to be confirming the current price action, 1.13 is major resistance and it has had either (a) a very hard time getting through it recently or (b) a short lived reign above 1.13.

RSI is appearing to show a bearish divergence, but care has to be taken that this isn't just re-aligning to its new 'normal'.

However, acknowledging the daily pin bar forming exactly on the most recent resistance (1.12993), combined with the two points above, my view is bearish.

Taking it down to the H4 chart, volume appears again to support current price action and the recent spike in the RSI also corroborates current movements.

If we take it down one more to the H1 chart, volumes appear to be falling away slightly and RSI is starting to show a negative divergence and bias.

My preference for a trade is for the H4 chart to form bearish divergence in addition to the above, so perhaps a spike to 1.1220, before taking a short position.

For me to consider going long on this pair, I'd like to see a clean break on the daily chart (supported by volume) of 1.13.
  • #1,117,231
  • Edited 2:33pm Jun 18, 2017 4:32am | Edited 2:33pm
Quoting aliduz
Hey Guys, Just started following the thread. Complete novice still finding my way in the world of forex. My systems and strategy are very basic but the contribution of a number of people has been great for me to confirm what I'm seeing in my own chart or more often than not correct my visions Either way, I'm learning a great deal and wanted to say thank you Keep up the good work
Great that you are enjoying this thread.
If you can filter out all the garbage and just look at the ideas of other traders this thread can be really good. Just remember no one here is an expert ( though the way some speak you would think they are) so number one rule is make your own plan and trade your own ideas. Look at others success and failure. Look in to why some trades worked and some didn't. That way you can really develop your own strategy.
Good luck.
  • #1,117,232
  • Jun 18, 2017 5:48am Jun 18, 2017 5:48am
Quoting caledonia
{quote} Great that you are enjoying this thread. If you can filter out all the garbage and just look at the ideas of other traders this thread can be really good. Just remember no one here is an expert ( thought the way some speak you would think they are) so number one rule is make your own plan and trade your own ideas. Look at others success and failure. Look in to why some trades worked and some didn't. That way you can really develop your own strategy. Good luck.
Thanks for the advice, That's exactly what I hope to do.
  • #1,117,233
  • Jun 18, 2017 7:38am Jun 18, 2017 7:38am
Quoting asistoprof
New configuration candle {image}
HI
Please can you give me this indicator CCI Your
Thank
ZZZZZZZZZZ
  • #1,117,234
  • Jun 18, 2017 8:29am Jun 18, 2017 8:29am
Quoting caledonia
{quote} Great that you are enjoying this thread. If you can filter out all the garbage and just look at the ideas of other traders this thread can be really good. Just remember no one here is an expert ( thought the way some speak you would think they are) so number one rule is make your own plan and trade your own ideas. Look at others success and failure. Look in to why some trades worked and some didn't. That way you can really develop your own strategy. Good luck.
yes in few months you will understand that everyone here is a noob
When life gives you lemons, make lemonade
  • #1,117,235
  • Jun 18, 2017 8:39am Jun 18, 2017 8:39am
Quoting micho
{quote} yes in few months you will understand that everyone here is a noob

Micho, did you just get a red diamond with such comments
Beware of robber banks (RB), bad advisors.
  • #1,117,236
  • Jun 18, 2017 8:57am Jun 18, 2017 8:57am
Hi all,

I have a question regarding how these EUR/USD chart moves. in other word what affect to movement of this charts. is this chart affected by all the transactions happen between USA and Europe. for an example assume I am from USA. so if I buy a car from Europe will this affect to Euro USD chart. I am asking this because I am curious about what affects this chart to move.

Thanks in advance.
  • #1,117,237
  • Jun 18, 2017 9:27am Jun 18, 2017 9:27am
Quoting micho
{quote} yes in few months you will understand that everyone here is a noob
And pre-Newbie... LOL
Always looking the GREAT, never left GOOD Point...
  • #1,117,238
  • Jun 18, 2017 9:34am Jun 18, 2017 9:34am
Some though are also so far ahead, so good...that even the market can't keep up with them. No point in asking them anything either because quit simply you would not comprehend & it will only confuse you. It's a real melting pot here
who dares wins
  • #1,117,239
  • Edited 3:47pm Jun 18, 2017 10:41am | Edited 3:47pm
{ copyrighted content deleted by staff }
if you my trade,My-post analysis, subscribed to ME
  • #1,117,240
  • Jun 18, 2017 11:10am Jun 18, 2017 11:10am
Quoting nesta
The EUR continues to go back and forth, topping around between the 1.11 level on the bottom and the 1.13 level on the top. Ultimately, if we can break above the 1.13 handle, the market should then go to the 1.15 level. If we breakdown below the 1.11 level, then I think the market goes looking for the 1.10 handle. Volatility will remain high regardless of which direction we go.

http://www.dailyforex.com/forex-tech...une-2017/80745

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