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AliKhan1 (AliKhan1)
Aug 20 2015 at 06:32
posts 124
Greece will make ECB default one day ... hahaha 😳

To achieve 3-5% portfolio growth a month
Aug 20 2015 at 10:04
posts 675
EUR recovered its positions against USD on Wednesday. The single currency met the positive expectations and rose against the dollar, thanks to the dynamic economic environment in the US. Thus the negative series was interrupted and the euro sent a request for the continuation of the bullish trend until reaching the resistance at 1.1214. Wednesday session started at a price of 1.1020 and by the end the single currency gained 99 pips. A powerful upward movement was registered at the end of trading day and the peak was reached at 1.1133.

Aug 20 2015 at 10:22
posts 136
EUR/USD daily chart
update plus signal

the high from 6 days ago (excluding today's bar) is a major buy-stop entry price (high plus 1 pip)
to avoid confusion - on our chart this high is 1.1213
this high is called 'first time around' to take out the high from last month (1.1215)
A new attempt is called the 'second time around' which makes the first time around a major buy-stop entry price.
SL should be initially places at the low of this month / the lot size needs to be calculated according to the desired risk (*my previous posting)
If this signal gets filled, it may turn into a long-term trade and may trade to near the GAP at 1.2068

The Q-chart (quarterly chart - 3 months combined in one bar) is a chart very few traders check.
It is important to know, that the Q-chart shows 4 quarters in the same trend (open high - close low)
The last quarter is an inside-reversal-bar (IRB), meaning that the trend of the bar is in the reverse direction (open low - close high) and has a lower high and a higher low than the preceding bar.
Any IRB supports a trend change in its own direction. In this case, the high of the IRB (plus 1 pip) is a minor entry signal.
The current bar on the Q-chart started July 1st and will be completed September 30th.

"a little bit of knowledge is a dangerous thing"
honeill (honeill)
Aug 20 2015 at 10:34
posts 1141
Yesterday EURUSD initially fell but found enough buying pressure at the 50-day moving average, rallying back up and close near the high of the day on a wide range day as the Federal Reserve showed a much more dovish view on the economy and external factors, namely China. Participants pushed back their expectations of rate hike in September by the Fed.
Key levels to watch today are: A break above the 200-day moving average may set a tone for a bullish run in the mid-term to a daily resistance at 1.1236 or even higher up to 1.1460.

"I trade to make money not to be right."
Aug 20 2015 at 16:40
posts 454
EUR/USD will be testing 1.1220 which is the highest price since the beginning of July.

Aug 20 2015 at 18:45
posts 1117
Indeed, EUR/USD is testing the previous high and should it manage to break above that level it will likely continue rising at least until it reaches the resistance at 1.1400.

Aug 20 2015 at 19:30
posts 413
The EUR/USD broke above the 1.1214 resistance level today and reached 1.1221, so i see that it has a chance to go higher tomorrow.

Aug 20 2015 at 23:59
posts 834
Eur/Usd maintaining a clear short term bullish trend when its holding above 1.1200 level end of the day. 1.1300 would be next psychological resistance level.

Aug 21 2015 at 05:54
posts 136
EUR/USD - weekly chart
update plus signal

a very similar situation is present on the weekly chart as I described yesterday on the daily chart.
After a prolonged down-trend in 2014 and the first 10 weeks of 2015, a high point was established in May this year, when prices turned in the opposite direction.
This high price point on our chart is 1.1465
5 weeks later in June, this high was attacked for the first time (first-time-around), and failed.
The high of that week on our chart is 1.1435, and is a major buy-stop entry point (high plus 1 pip is the exact entry price)

The current attack on the entry price is the 'second time around'

SL should be placed 4 pips below the low from 2 weeks ago (1.0846)
and lot-size should be calculated based on the distance between SL and entry price, taking the risk that one is willing to take on this trade (example - 2% of trading capital)

As I have posted before, a profitable trade can take 5 to 10 bars (same time-frame as the order) once the order is filled.

"a little bit of knowledge is a dangerous thing"
honeill (honeill)
Aug 21 2015 at 08:44
posts 1141
Yesterday the EURUSD rallied breaking above the 200-day moving average and closed well in the green near the high of the day. This movement suggests that the bullish momentum is strong in the mid-term and the currency is at 1.1236 a pivotal point (daily resistance). A break above this pivotal point will take the pair up to another daily resistance at 1.1460.

"I trade to make money not to be right."
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