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sherifFares
Aug 29 2015 at 19:59
454 posts
EUR/USD closed above the MA(20) but a further drop is expected next week let's see i am waiting for the price under the support line 1.1160.
Alex
Look009
Aug 30 2015 at 14:19
224 posts
arigoldman posted:
Interesting week ahead.

Yes, I think it will be like 'The time to buy is when there's blood in the streets'
Duane Shepherd (DRFXTRADING)
Aug 30 2015 at 19:40
169 posts

......Yet another example of how Consolidation Breakouts with Large Candles lead to False Breakouts....another trap of the market..


EURO USD looked set to break higher with this Large Candle...








...but I expected it to at least pause before either moving sideways or reversing sharply....








This is because these Large Candles, as attractive as they are, hardly lead to successful breakouts.


Figuring this out and identifying the types of Candles that actually lead to profitable breaks was what I had to do...









I cant tell how much money was lost and time spent in spotting the right signals to trade- made a big difference in results.

Although this has taken place on the Daily Chart, these Large Candles are seen across all time frames as well. Its not so much the size in terms of Pips but relative to the other Candles on the time frame being traded. So whether you are a Day or Swing Trader, they will appear from time to time.


Once you can make this distinction, it becomes much easier to avoid these traps.







[B]Duane
DRFXTRADING[/B]
Trade Less, Earn More
Hugo ONeill (honeill)
Aug 31 2015 at 07:58
1141 posts
On Friday session the EURUSD pair fell for the fourth straight day and closed in the red near the low of the day on a narrow range. The currency made a stronger pullback and is trading within a daily support zone from 1.1237 down to 1.1097. A break above the 1.1237 will suggest another up run to 1.1555.
"I trade to make money not to be right."
FXWES
Aug 31 2015 at 08:02
675 posts
On Friday the euro recorded a fall against the dollar. The single currency depreciated for the fourth consecutive session and thus came close to the support at 1.1105. In the short term it is expected price correction and the pair to recover some of the losses by testing the resistance at 1.1329. Trade on Friday launched at 1.1244 and finished 58 pips below. Bulls prevailed in the early hours of the session, but then later the direction was changed and currencies hit bottom for the day at 1.1155.
victoriajensen
Aug 31 2015 at 16:13
1117 posts
The EUR/USD consolidation continues and the pair is still testing the support at 1.1200. This might continue until the ECB rate decision on Thursday.
sherifFares
Aug 31 2015 at 16:46
454 posts
EUR/USD is moving in a tight range and I dont think we will see any sudden movement until the ECB press conference and the NFP.
Abdul2012
Aug 31 2015 at 18:51
413 posts
sherifFares posted:
EUR/USD is moving in a tight range and I dont think we will see any sudden movement until the ECB press conference and the NFP.
I agree with you on that, Because it should be some high volatility after that.
Alex
Look009
Sep 01 2015 at 06:14
224 posts
Pure chaotic oscillatory behaviour
alexforex007
Sep 01 2015 at 06:27
775 posts
Looks like the 1.1300 level is the next resistance for the EURUSD.
Ali (AliKhan1)
Sep 01 2015 at 06:31
124 posts
Movement in forex and stocks are crazy since last Black Monday..
To achieve 3-5% portfolio growth a month
Ali (AliKhan1)
Sep 01 2015 at 06:31
124 posts
Look009 posted:
arigoldman posted:
Interesting week ahead.

Yes, I think it will be like 'The time to buy is when there's blood in the streets'

But what about if that blood is your's??????
To achieve 3-5% portfolio growth a month
Ali (AliKhan1)
Sep 01 2015 at 06:31
124 posts
I mean retailers are always like this, and they always come late in a run...
To achieve 3-5% portfolio growth a month
Ali (AliKhan1)
Sep 01 2015 at 06:34
124 posts
sherifFares posted:
EUR/USD is moving in a tight range and I dont think we will see any sudden movement until the ECB press conference and the NFP.

When is ECB's conference??
To achieve 3-5% portfolio growth a month
FXWES
Sep 01 2015 at 06:42
675 posts
The euro recorded a minimal increase against the dollar. The negative series of the single currency was interrupted, but the couple remained at the lower levels. If short-term expectations justify the adjustment of the price will continue, bullish sentiment will become more intense and currencies will make a test of resistance at 1.1329. Monday session was relatively calm, and the pair ranged in a narrow range. The start was given at a rate of 1.1172, and the finish line was crossed 37 pips higher. Peak of the day was achieved at 1.1261.
Hugo ONeill (honeill)
Sep 01 2015 at 09:45
1141 posts
Yesterday the EURUSD tried to rally but found some resistance at 1.1237 to turn back but managed to close in the green at the middle of the daily range. Looks like the currency will keep pushing higher, the first stop should be the 10-day moving average at 1.1326 and a close above it would suggest a stronger move up to 1.1460 daily resistance.
"I trade to make money not to be right."
Arup Nag (takechance)
Sep 01 2015 at 09:55
271 posts
Just a few weeks back EUR was being considered as doomed currency and reaching parity soon. Today it has become the safe haven. Fundamental analysis......LOL
CrazyTraderfx (CrazyTrader)
Sep 01 2015 at 11:37
1718 posts
takechance posted:
Just a few weeks back EUR was being considered as doomed currency and reaching parity soon. Today it has become the safe haven. Fundamental analysis......LOL

You are just unaware of massive world changes
Abdul2012
Sep 01 2015 at 17:50
413 posts
The positive economic data in the Eurozone lifted the EUR/USD today too and i see that it will moves up this week.
sherifFares
Sep 01 2015 at 19:27
454 posts
EUR/USD is testing again 1.1291 I don't think we will see a start of a trend before this weekly fundamentals.
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