Pour utiliser le chat, veuillez vous connecter.
Retour aux contacts
Hugo ONeill (honeill)
Feb 04 2016 at 08:46
posts 1141
Yesterday the EURUSD rallied again with a wide range and managed to close near the high of the day, furthermore closed above the previous day range, suggesting a strong bullish momentum.

The pair continues to close above the 10 and the 50-day moving averages that are acting as dynamic support, and closed for the first time in three months above the 200-day moving average.

The key levels to watch are: The daily resistance at 1.1236, the daily resistance at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0874 (support) and the 50-day moving average at 1.0893 (support).

"I trade to make money not to be right."
PERPETUUMMOBILE (PERPETUUMMOBILE)
Feb 04 2016 at 13:27
posts 136
On January 6. I posted these signals off the weekly chart.

Weekly chart:
The weekly chart shows a price consolidation with currently 6 bars.
As I have written before, the 6th bar in consolidation is the most difficult to trade and should be avoided.
There are 3 legitimate MAJOR entry signals visible.
Buy-stop at the high from last week (1.0991 on our chart) plus 1 pip (ASK price)
Buy-stop at the high from 3 weeks ago (1.1058 on our chart) plus 1 pip (ASK price)

The low of 5 weeks ago is also a legitimate MAJOR entry signal as it is a down-hook. (1.0515 minus 1 pip BID price)
-------------------------------------------------------------------------------------
Either one of the buy-stop entries would have worked and currently are about 200 pips plus.
If you read my entire posting from January 6. you will see that there was also a buy-stop entry suggested off the monthly chart.
It was a minor entry signal, but worked as one can see.

Now it is just a matter of managing the SL properly to maximize the trade's profit.

I also mentioned many times, that a price consolidation cannot consist of more than 10 bars.
This weeks bar is Nr. 10 and therefore the break could be traded legitimately.

The suggested sell-stop entry was never reached.

Major trade entry signals have a very high success rate, especially when using long-term timeframes, like daily, weekly and monthly charts. They are easy to trade, as there is plenty of time to place the trade.

A higher risk-factor can also be used with majors on long-term charts.

The simplest way to trade these trades is, to place the orders and just wait.
They are much more lucrative and require very little maintenance as compared to intraday charts, which are very time consuming to trade and at the end of the day there is hardly ever any monetary reward.

"a little bit of knowledge is a dangerous thing"
csc2009
Feb 04 2016 at 13:36
posts 834
Eur/Usd just broke the psychological level at 1.1200, it seems nothing to stop the pair rising towards next handle around 1.1500.

victoriajensen
Feb 04 2016 at 15:42
posts 1117
The pair retraced back below 1.1200 and will probably continue falling towards 1.1160, but that move to the downside is likely only temporary.

Abdul2012
Feb 04 2016 at 18:25
posts 413
The EUR/USD boost higher today above the daily resistance at 1.1192 and in my opinion it will climbs to the 1.1291.

kieran (snapdragon1970)
Feb 04 2016 at 18:55
posts 1945
Things look pretty crap for USD,Draghi will have to talk down the Euro next week!

"They mistook leverage with genius".
sherifFares
Feb 04 2016 at 20:13
posts 454
Another good bullish day on EUR/USD but I guess there will be a pause here, on the 4 hours chart the market formed a doji which makes me cautious.

Hugo ONeill (honeill)
Feb 05 2016 at 10:06
posts 1141
Yesterday the EURUSD continued the rallied but with a narrow range and managed to close near the high of the day, furthermore closed above the previous day high, suggesting a strong bullish momentum.

However it made a pause on mid-term resistance at 1.1236 possibly waiting for today’s nonfarm payrolls number.
The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1556, other daily resistance at 1.1460, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0965 (support) and the 50-day moving average at 1.0910 (support).

"I trade to make money not to be right."
stian
Feb 05 2016 at 11:53
posts 325
Next big mover is the NFP tomorrow. Don't think BoJ or ECB is particularly happy with the weaker dollar.

stian
Feb 05 2016 at 11:53
posts 325
A weak NFP such as in october (about 130K) might because it to rally upwards of 1.15.

Veuillez vous connecter pour commenter .