EUR/USD

Guys, I said to buy dollar on the 15th.

I bought 12. I am a good day. Wide pivot point of this crap. Only delay your lives.

Still price struggle with the resistance levels. I don't think we will see any break soon the rebound is the closest option. still waiting for an entry point.

EUR/USD Broke above the 1.0785 resistance and reached 1.0848 to rebound from it, but still now moving in that range today. Hope it keep on next week.

Abdul2012 posted:
EUR/USD Broke above the 1.0785 resistance and reached 1.0848 to rebound from it, but still now moving in that range today. Hope it keep on next week.

 I think the pair will continue climbing and reach 1.1000 at least, but we will have to wait until next week for that to happen.

victoriajensen posted:

Abdul2012 posted:
EUR/USD Broke above the 1.0785 resistance and reached 1.0848 to rebound from it, but still now moving in that range today. Hope it keep on next week.

 I think the pair will continue climbing and reach 1.1000 at least, but we will have to wait until next week for that to happen.

Another good selling opportunity.

ScalpingRus posted:

chinakingkong posted:
Are you trader?

 Most people here aren't 'Traders'. Well not in a live account. You will look back and see their recommendations, and it is clear to see that they were bad, which is why they spend more time posting on forums, looking for someone to tell them 'manage my account'.

Yeah, that's what I see too. So much crap in here and predicting market with stuff that does not mean much.
You cannot foretell market direction because of some MAs or even FIBs. You have to judge what the big players will do and where THEY will drive the market and the only thing this can be done is by studying a lot about fundamentals and getting a good payed newsfeed so you get these important news and comments that they trade at the same time they get it ...
Then and only then can you take your technical lines and look for a good level to enter the market in the direction you know it will go now sooner or later ... If you don't believe me read my post again after the NFP release :)

For next week I will go for Gold weakness and from now on I will look for more selling on USD/CAD.

A good level to sell this pair would be 1.240 to 1.245 should we get there. Oh and any real and meaningful stop has to be above the DRPO sell now because only when this is erased(what will not happen to 95%) the downward action is no longer valid.

Oh one more thing I used to make good profit the last weeks ... Go to the outlook here and if you see a pair with 30% or better even 20% one direction and 70 or 80% other direction then trade with the 20 or 30% :P

csc2009 posted:

victoriajensen posted:

Abdul2012 posted:
EUR/USD Broke above the 1.0785 resistance and reached 1.0848 to rebound from it, but still now moving in that range today. Hope it keep on next week.

 I think the pair will continue climbing and reach 1.1000 at least, but we will have to wait until next week for that to happen.

Another good selling opportunity.

I agree that this is a good opportunity for rebound

Narrow range now 1.0600-1.0900.

A small gap up.

The EURUSD is still really consolidated between the 1.05 and the 1.1000. I could stay in this range for quite some time, unless the fundamentals from the US start getting better and make the pair keep dropping.

EU set to open with a small gap up.

When trading any market (including forex) you have to ask yourself - who can you trust!

Can you trust the media? - NO (manipulation)
Can you trust fundamentals? - NO (it is manipulated information)
Can you trust indicators? - NO - they are delayed information, they never give you exact trade-entry prices.
Can you trust someone's judgment of the markets (including your own)? - the answer is NO!

So - who or what can you trust when putting your money at risk?
It is the EMOTIONAL REACTION of all traders combined, who react to the market-makers' price dictation!

These emotions never change - and therefore you can trust them.
Just look at yourself - you always react to price action - you never ACT!
Why? Because you don't have enough money to manipulate prices - it's that simple.
You would need BILLIONS (not millions) to do so - and you just don't have that kind of money.

PRICE BAR FORMATIONS derive from the EMOTIONAL REACTION of all traders combined in a market, to the price dictation of the market makers and operators.

And therefore you can trust PRICE BAR FORMATIONS!

There are 3 types of price bar formations:
MAJOR - INTERMEDIATE - and MINOR trade entry signals.
Historically - they have a high rate of success. You can go back 30 year in chart history and you will see the same formations as you see today - they have not changed at all.
Why? Because traders today react the same way to market makers' price dictation as they did 30 or 40 years ago.

I am talking about PRICE BAR FORMATIONS and NOT CHART FORMATIONS (chart formations are just visual aids - like 'head and shoulders' - and in the end give you nothing!)

Only with price bar formations you can (with some practice) trade any market and eliminate 100% any emotional involvement.

You start trading 'what you see on the charts' and NOT 'what you think' about a market.

PERPETUUMMOBILE posted:
When trading any market (including forex) you have to ask yourself - who can you trust!

Can you trust the media? - NO (manipulation)
Can you trust fundamentals? - NO (it is manipulated information)
Can you trust indicators? - NO - they are delayed information, they never give you exact trade-entry prices.
Can you trust someone's judgment of the markets (including your own)? - the answer is NO!

So - who or what can you trust when putting your money at risk?
It is the EMOTIONAL REACTION of all traders combined, who react to the market-makers' price dictation!

These emotions never change - and therefore you can trust them.
Just look at yourself - you always react to price action - you never ACT!
Why? Because you don't have enough money to manipulate prices - it's that simple.
You would need BILLIONS (not millions) to do so - and you just don't have that kind of money.

PRICE BAR FORMATIONS derive from the EMOTIONAL REACTION of all traders combined in a market, to the price dictation of the market makers and operators.

And therefore you can trust PRICE BAR FORMATIONS!

There are 3 types of price bar formations:
MAJOR - INTERMEDIATE - and MINOR trade entry signals.
Historically - they have a high rate of success. You can go back 30 year in chart history and you will see the same formations as you see today - they have not changed at all.
Why? Because traders today react the same way to market makers' price dictation as they did 30 or 40 years ago.

I am talking about PRICE BAR FORMATIONS and NOT CHART FORMATIONS (chart formations are just visual aids - like 'head and shoulders' - and in the end give you nothing!)

Only with price bar formations you can (with some practice) trade any market and eliminate 100% any emotional involvement.

You start trading 'what you see on the charts' and NOT 'what you think' about a market.

+1 😎

EURUSD rose on Friday’s session breaking above the 1.0815 Fibonacci level but found enough selling pressure to give some of the early gains however close in the green at the middle of the daily range. The pair is making lower highs and higher lows a sign of consolidation and the stochastic is flat but above the 50 mid line.

There is a hanging man candlestick on the EUR/USD daily filter chart. I expect a movement to the downside should the pair break below the support at 1.0740.

EUR / USD closed the week slightly upwards.
The RSI to 14 days is now testing its line of 50 and MACD, although negative, again crossed above its signal line.
The EUR / USD is still trading below the moving averages 50 and 200 days.
A close above 1105 may mark the completion of a standard 'double bottom' and maybe make room for broader bullish extensions.
https://bewayopa.wordpress.com/

Price rebounded nicely from the resistance level making a drop of 100 pips.

EUR/USD rebounded from the 1.0740 support by the end of the day because of the weakened of the euro with the Greece problem. And may be we will see more down trend this week.

Greek problem will be the main driver for Euro this week, ECB's Vice President Constancio said that Greece might not have to leave the euro area even if it defaults on its debt, unless the decision comes from the Greek government itself. Let's see what will happen this Friday.