EUR/USD

'Brother, the more I see of your charts, the less I feel I know about trading forex.
Does this EU rocket EVER run out of fuel ????'

my forecast

I trade with my own risk;)

walker.

stevewalker posted:
my forecast

2 posibbilities

Bullish trend with pullback

guys & gals

I worked on weekend and as I posted earlier created 3 level Fibo analyses.

I have 2 possibilites
please ignore the the ones posted before

as seen
poss 1: red

pullback strong bullish trend


poss 2 : Aqua

bullish trend then a very strong bearish trend

I may totally wrong, but at least ready for 2 poss.

time will tell.

walker.

correct pic

there is nothing complicated here

just drawn all TL s in advance

FreddyFX posted:
Brother, the more I see of your charts, the less I feel I know about trading forex.
Does this EU rocket EVER run out of fuel ????

to MFB

as we are human we can make mistakes and upload wrong pic. but we have no chance to delete wrong uploads and/or posts.

can MFB handle that & add delete entire post or the attachemnt

thnaks in advance

walker.

every traders has to have its own levels as referance.

when trading with charts every trader look for a Referance point.

some uses daily pivots
some uses Moving Averages ( they are moving referances as named ;) )
some uses fibo levels and so on.

when we put all those lines on to chart togather, beleive me they all perfectly match with some bars, high, lows.

but unfortunatelly we can not use all at the same time, at least I can not. then we have unbelieveble number of combinations to think and decide. this can be katastpropic.

So I do work with fibo.

yours can be different.

but always use same referance point.

do not chnage it day by day.

they all fit no worroies.

really not important which one u use😄 but always same😉

walker.

I am trading over 5 years and the words below, I could sumup in last 6 months😄

1 - we can not buy from dip & sell from high
when we look overall EU chart we will see only 1 dip which is ~ 0.55 1 high which is ~1.60
there is no logic to wait for 10 years to find dip & high

2 - we can buy from low & sell high or vice verse

3 - with levels, indicators, systems, strategys ......... we will try to define our best entry point with direction we think it may move

4 - then we set our STOP LOSS & Take Profit

5 - then we manage the trade

6- EXIT is much more important then the entry.

7- we can not control how much we win but we can control how much we loose thats the key point

thats all we can do. Edit : unless your name is Bernanke

walker.

 

I am also expecting a pullback
but first some sideways move

SaltyWaters posted:
Big manifestations against government yesterday in Portugal all over the Country may affect the upward move of the Euro.

I'm on a sell mode myself since Friday.

limit order
short

@1.3150

00:35 gmt+3

SL: 1.3175
TP : 1.30250

walker.

deleted

Max 1.3140

pending missed 😭

deleted 11:47 gmt+3

walker.

stevewalker posted:
limit order
short

@1.3150

00:35 gmt+3

SL: 1.3175
TP : 1.30250

walker.

You got close, had it set here as well, as it made sense.

ive just got up.. not a great start to my trading week.....

mmm feels like 1.3025 coming up, then further extension back to 1.32 area....

- missed pending order
- 2 longs with +5 & +16 pips

walker

i was long from 1.3093, until i just closed out accidentally.. bloody laptop mouse, was going to add to my position but instead closed :(

struggling to work out a direction here, markets look to be treading water currently, on one hand risk-on should push the eur up, but the opposite side is the Spain worry

so im now sat with no manual trades and quite alot of EA sell trades, at this point now my buy earlier has closed i can only hope for a further pullback to again enter long

actually watching this

sometimes I do the same :)

click close button early when waiting finger on trigger.

BTDTR

walker.

lenjive posted:
i was long from 1.3093, until i just closed out accidentally.. bloody laptop mouse, was going to add to my position but instead closed :(

struggling to work out a direction here, markets look to be treading water currently, on one hand risk-on should push the eur up, but the opposite side is the Spain worry

so im now sat with no manual trades and quite alot of EA sell trades, at this point now my buy earlier has closed i can only hope for a further pullback to again enter long

my daily Fibo levels

daily price is currently way out of channel!

stevewalker posted:
actually watching this

thats exactly what im watching right now too, break to upside looks at 1.3127,

got to love the close button :)

shall see if the 1.3093 holds has so far today thus why i went long to try and gain a few pips on the second try of said level