EUR/USD

FreddyFX posted:
LOL, the weather report you can find on the internet yourself, let the man go play football with his son.

SaltyWaters posted:
Here is the possible weather report for the EURUSD . Just keep in mind I'm no weatherman. 😁





This past week price has touched the triangle line at the bottom acting as support which at the same time is the fibo line 23.6. The break out of the triangle will set the direction ahead. We will see it happen in the near future be it a upward or downward move. Doesn’t really matter to me which way it will go. A bunch of pips are waiting to be collected with this break out. Better prepare some bags to fill it up. If this is part of the wave [5] completion (I’m not an Elliot Wave expert but this sure looks good to me) we are talking about of a move of more than 1000 pips down. Possibly 1500 pips or even more.

Chikot posted:
may be, but it is hard to pick other's brain unless strategy is explained in details. I am here to show my worth to trade OPM. no other goals.

SaltyWaters posted:
Here is the possible weather report for the EURUSD . Just keep in mind I'm no weatherman. 😁





This past week price has touched the triangle line at the bottom acting as support which at the same time is the fibo line 23.6. The break out of the triangle will set the direction ahead. We will see it happen in the near future be it a upward or downward move. Doesn’t really matter to me which way it will go. A bunch of pips are waiting to be collected with this break out. Better prepare some bags to fill it up. If this is part of the wave [5] completion (I’m not an Elliot Wave expert but this sure looks good to me) we are talking about of a move of more than 1000 pips down. Possibly 1500 pips or even more.

Johanes posted:
It might be too fast to short EUR/USD at this time until the EUR currency band to be stabilized at upper currency band. Unless the measured highest average traded weighted rates for EUR-positive interest rate differential currency pairs equals to the measured highest average traded weighted rates for EUR-negative interest rate differential currency pairs, the risk associated to short EUR/USD is very high.

At such, EUR/USD will be stabilized at upper currency band and to move to upward diection until the EUR-positive and negative pairs has reached their equalizing rates.

Chikot posted:

SaltyWaters posted:
Here is the possible weather report for the EURUSD . Just keep in mind I'm no weatherman. 😁





This past week price has touched the triangle line at the bottom acting as support which at the same time is the fibo line 23.6. The break out of the triangle will set the direction ahead. We will see it happen in the near future be it a upward or downward move. Doesn’t really matter to me which way it will go. A bunch of pips are waiting to be collected with this break out. Better prepare some bags to fill it up. If this is part of the wave [5] completion (I’m not an Elliot Wave expert but this sure looks good to me) we are talking about of a move of more than 1000 pips down. Possibly 1500 pips or even more.

yes, good chance of this. i am out of long and waiting for another signal. do not want to miss the ride down. check eur/nzd too. another leg down might be in making.

Chikot posted:
eur need some bad news to change the trend. in any case am no guessing and only waiting for signal.

stevewalker posted:
we had 2 daily close below 1.30

Friday it has forced to close below 1.30, US attemp was not succesfull.

if there will not been a gap open over 1.30 on Monday & holding that level, then we may start look for more shorts thorıugh 1.28x

walker.

stevewalker posted:
guys with all my trading & codig experience the point I come is;

trading breouts(directional momentum trading) will make money but loose more due to the R/R ratio.

the only way to make proper profit with FX is determining the breakouts & enter with pull back at a reasonable level that matches R/R ratio.

this gives more loosing trades but better R/R ratio & profit regarding to the exit desecion.

So again I come to a point that exit is much more important the entry.

walker.

FreddyFX posted:

stevewalker posted:
guys with all my trading & codig experience the point I come is;

trading breouts(directional momentum trading) will make money but loose more due to the R/R ratio.

the only way to make proper profit with FX is determining the breakouts & enter with pull back at a reasonable level that matches R/R ratio.

this gives more loosing trades but better R/R ratio & profit regarding to the exit desecion.

So again I come to a point that exit is much more important the entry.

walker.

...and here you see the complexity of trading, as I STRONGLY believe it is ALL about the ENTRY, as the exit I have programmed, so no need to sit and watch and hope and prey !!!

I need to mention I scalp ONLY EU and ONLY M1.

Basically don't care where this EU is going, as there is ALWAYS the next bus to catch on a signal.

stevewalker posted:
Johanes

can you please more specefic.
no idea about what you are saying.

walker.

Johanes posted:
It might be too fast to short EUR/USD at this time until the EUR currency band to be stabilized at upper currency band. Unless the measured highest average traded weighted rates for EUR-positive interest rate differential currency pairs equals to the measured highest average traded weighted rates for EUR-negative interest rate differential currency pairs, the risk associated to short EUR/USD is very high.

At such, EUR/USD will be stabilized at upper currency band and to move to upward diection until the EUR-positive and negative pairs has reached their equalizing rates.