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victoriajensen
Feb 23 2015 at 17:54
1117 posts
Range continues for EUR/USD but the pair formed a marubozu candlestick in the daily filter chart which might be an indication that it's about to make a move to the downside. I think the target is around 1.1240, but I doubt the bearish trend will continue.

Abdul2012
Feb 23 2015 at 17:59
413 posts
Today the pair is bouncing around 1.1345 and it clear in the 4H chart.

sherifFares
Feb 23 2015 at 18:37
454 posts
victoriajensen posted:
 Range continues for EUR/USD but the pair formed a marubozu candlestick in the daily filter chart which might be an indication that it's about to make a move to the downside. I think the target is around 1.1240, but I doubt the bearish trend will continue.


Exactly. I agree there is no strong signal on the continuous of the downtrend

bewayopa
Feb 23 2015 at 18:58
372 posts
EUR/USD rebounded on Friday after the Eurogroup has agreed to extend the Greek bailout program for four months.
The pair continues to oscillate between the 1st support 1.1294 (S1) and the 2nd resistance 1.1513 (R2).
The short-term lateralization recommends caution.
The larger trend is still downward, with lower minimum and maximum and below both moving averages 50 and 200 days.
R3 - 1.15975
R2 - 1.15134
R1 - 1.14461
Daily Std. Pivot - 1.13620
S1 - 1.12947
S2 - 1.12106
S3 - 1.11433


MOMAFOREX (FERMONZOR)
Feb 23 2015 at 19:11
135 posts
sherifFares posted:
victoriajensen posted:
 Range continues for EUR/USD but the pair formed a marubozu candlestick in the daily filter chart which might be an indication that it's about to make a move to the downside. I think the target is around 1.1240, but I doubt the bearish trend will continue.


Exactly. I agree there is no strong signal on the continuous of the downtrend



EURUSD will go to 1.07 levels

THIS IS A MARATHON, NOT A SPRINT.
PERPETUUMMOBILE (PERPETUUMMOBILE)
Feb 23 2015 at 19:39
136 posts
EUR/USD - daily chart
the daily chart is currently in congestion with today's bar being bar nr. 20.
Earliest bar to trade out of congestion is bar 17
best bars to trade are bar 21 through 29. this rule is valid for any timeframe and any market.

Last Friday's attempt to take out the high from Thursday is called 'first time around' on the 4 hr. chart.
If there is another attempt today or tomorrow, it will be called 'second time around' and therefore the high from last Friday is a legitimate buy-stop entry.
Place a buy-stop order 1 pip above the high from Friday's ask-price or add 1 pip plus your broker's spread to the bid-price
In a flat congestion like this one it may be best to wait for a doji bar on the daily chart.
A doji has similar open and close prices, which cannot be more than 3 pips apart.

Very important for this kind of trade is the proper lot-size selection.
The proper lot-size (for any trade) can only be calculated, if there is a stop-loss attached to the trade.
Trading any trade without a stop-loss means trading with a 'mental' stop, and it is easy to become a victim to the market-makers' and market-operators' stop-running techniques, who know exactly where 'mental' stops are sitting.

"a little bit of knowledge is a dangerous thing"
Arup Nag (takechance)
Feb 24 2015 at 01:39
271 posts
blownaccount posted:
Bad Idea, the EUR/USD IS SHORT! Our system has been shorting all session! see Screen shot below....

We went short at Sell @ 1.1333

(Don't try to catch a falling hot knife!)






EUR doesn't fall just because your system says so. There are fundamental reasons too. LOL

alexforex007
Feb 24 2015 at 01:42
774 posts
I agreed the EURUSD is more prone to keep falling, especially if the fundamentals keep supporting the Dollar.

Blown Forex Account Recovery Managment (blownaccount)
Feb 24 2015 at 07:47
104 posts
Our system, has already factored in fundamental and technical information and other types of analytic's into the equation. to produce the end result of short /sell (at that moment in time)..... BUT! information in forex can rapidly change and our system can rapidly detect the changes and adapt and show the new direction. so we can act on it immediately! our system just follows the smart money.....

LIKE MY TRADE ALERT POST! TRY IT FREE! NO SIGN UP! 100% FREE - w.w.w.ForexAlertSystem.c.o.m "CLICK ON BIG GREEN TRIAL BUTTON"
Blown Forex Account Recovery Managment (blownaccount)
Feb 24 2015 at 07:48
104 posts
Just waiting around for the system to produce some new trade ideas for the new session.... it looks like it will be possible another short... will update you later when i have more information. with this system, we no longer worry about following economic news events. or trying to study chart patterns. that is old school stuff. there are far more important critical data points and phenomenon to follow these days.... welcome to the world of real A.I

LIKE MY TRADE ALERT POST! TRY IT FREE! NO SIGN UP! 100% FREE - w.w.w.ForexAlertSystem.c.o.m "CLICK ON BIG GREEN TRIAL BUTTON"
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