EUR/USD
forex_trader_236107
Membro Desde Mar 10, 2015
116 posts
Apr 28, 2015 at 17:24
PERPETUUMMOBILE posted:
When someone posts 'prices may reverse soon' it would be wise to also say which time-frame he or she is looking at.
Look at the 1 min chart - prices reverse all the time!
Look at the monthly chart - prices have NOT reversed in 9 months.
When examining the monthly chart, going by the fact that there are only 3 more days left to trade in April, the April bar may produce an 'INSIDE REVERSAL BAR'.
How can it be traded?
The rule: if there are 3 or more bars in the same trend (in this case there are 9 consecutive bars that open higher than they close)
and then there is a reversal bar (in this case the close price is higher than the open price)
then add 1 pips to the high of the reversal bar (ask price) and post a buy-stop signal.
Put your SL 4 pips below the low of the previous month and move the SL according to sections on the weekly or daily chart.
Attempt to trade to near the open GAP at near 1.2100
This is one of the simplest price bar formations and can be traded on any time-frame.
Finally someone who shares something which can actually make someone profit. Good job my friend. Would you be placing that trade yourself?
Membro Desde Jul 10, 2014
1117 posts
Apr 28, 2015 at 18:25
EUR/USD finally reached the resistance at 1.1000. The question is now whether it will be able to break above it or whether it will form candlesticks that indicate a new move to the downside. I, personally, think that it will probably break above the resistance and reach at least 1.1050.
Membro Desde Jun 08, 2014
454 posts
Apr 28, 2015 at 18:32
EUR/USD had a nice break over 1.090 and target 1.100.
Membro Desde Oct 08, 2011
137 posts
Apr 28, 2015 at 18:57
EUR/USD buy-stop signal - daily chart
Last week I posted a buy-stop entry signal with 3 possible & precise entry prices.
As short-term exist I posted 'near' 1.1000 which has been reached.
First mission accomplished ( approx. 220 pips from the lowest entry price, 150 pips from the highest of the three)
Next exit is near 1.1300
a hook on the daily chart should be expected, possibly after the range is broken.
The break point of the range is 1.1035 on our chart.
If this price level is traded though, then a rise to near 1.1100 could be expected before the hook occurs.
The trading range can be nullified as soon as one bar (on the daily chart) has its open AND close price above 1.1040
which is the high of the measuring bar.
-----------------------------------------------
Important to know: A very similar major buy-stop entry signal is being formed on the weekly chart.
This formation has only 1 entry point, which is 1.1051 on our chart.
It is the high from 5 weeks ago.
Add 1 pip to the high's ask price.
First exit 1.1270 to 1.1290 (cavity stops)
Second exit 1.1530 (reverse hook)
Last week I posted a buy-stop entry signal with 3 possible & precise entry prices.
As short-term exist I posted 'near' 1.1000 which has been reached.
First mission accomplished ( approx. 220 pips from the lowest entry price, 150 pips from the highest of the three)
Next exit is near 1.1300
a hook on the daily chart should be expected, possibly after the range is broken.
The break point of the range is 1.1035 on our chart.
If this price level is traded though, then a rise to near 1.1100 could be expected before the hook occurs.
The trading range can be nullified as soon as one bar (on the daily chart) has its open AND close price above 1.1040
which is the high of the measuring bar.
-----------------------------------------------
Important to know: A very similar major buy-stop entry signal is being formed on the weekly chart.
This formation has only 1 entry point, which is 1.1051 on our chart.
It is the high from 5 weeks ago.
Add 1 pip to the high's ask price.
First exit 1.1270 to 1.1290 (cavity stops)
Second exit 1.1530 (reverse hook)
"a little bit of knowledge is a dangerous thing"
Membro Desde Nov 11, 2012
271 posts
Apr 28, 2015 at 21:51
(editado Apr 28, 2015 at 21:53)
takechance posted:
It may reverse direction soon but before that touching 1.0965 is a possibility. Important fibo extension level.
Target Fibo level reached. Chance of a triple top formation on the daily chart. Reversal due?? Only problem is mass sentiment....65% traders short. So it might take some time until the sentiment peaks to above 70%. By the time it reaches 1.1051 hopefully the mass sentiment will be at the top and due for collapse. Lets see.
antariks1@
Membro Desde Apr 08, 2014
1141 posts
Apr 29, 2015 at 08:49
On yesterday session the EURUSD rose yet again on a wide range candle and closed near the high of the day suggesting the continuation of the bullish momentum. Although today we will have the Fed interest rate decision and the US preliminary GDP that can change traders mind set. Look out for the strong resistances at 1.1034 and 1.1097 and how the price will react to them.
"I trade to make money not to be right."
Apr 29, 2015 at 11:28
EUR / USD is trading near the medium-term resistance.
A breach of this zone can result in the activation of stop loss orders and the strong appreciation of the euro.
Let us hope by the response of bearish to learn how the price will evolve.
A breach of this zone can result in the activation of stop loss orders and the strong appreciation of the euro.
Let us hope by the response of bearish to learn how the price will evolve.
Membro Desde Oct 08, 2011
137 posts
Apr 29, 2015 at 14:23
EUR/USD buy-stop entry (weekly chart)
yesterday I posted a signal off the weekly chart which got filled and is well in positive territory.
Major price-bar formations are very powerful and historically have a high success rate.
The signal I posted last week using the daily chart is working its way to exit Nr. 2 at near 1.1300
An earlier exit can be considered between 1.1160 and 1.1190 because of a trend line.
Expect a hook after a price bar opens and closes outside of the range as described yesterday.
yesterday I posted a signal off the weekly chart which got filled and is well in positive territory.
Major price-bar formations are very powerful and historically have a high success rate.
The signal I posted last week using the daily chart is working its way to exit Nr. 2 at near 1.1300
An earlier exit can be considered between 1.1160 and 1.1190 because of a trend line.
Expect a hook after a price bar opens and closes outside of the range as described yesterday.
"a little bit of knowledge is a dangerous thing"
Membro Desde Nov 21, 2011
1718 posts
Apr 29, 2015 at 14:37
takechance posted:takechance posted:
It may reverse direction soon but before that touching 1.0965 is a possibility. Important fibo extension level.
Target Fibo level reached. Chance of a triple top formation on the daily chart. Reversal due?? Only problem is mass sentiment....65% traders short. So it might take some time until the sentiment peaks to above 70%. By the time it reaches 1.1051 hopefully the mass sentiment will be at the top and due for collapse. Lets see.
Lol, why do you try to trade with Sentiment traders... you have no clue how to use it.... keep hoping : )
The guy thinking too much, yeah at that price,mass will be x%, so we will do this.... bla bla bla
by the way, nice tripple top : )
Membro Desde Nov 21, 2011
1718 posts
Apr 29, 2015 at 14:40
CrazyTrader posted:
I just posted a subiminal picture.
Actual bid = 1.0839
300 pips hit today!
ps... the subliminal picture was my profile picture... indeed, USD isn't the king anymore... and we have so many traders buying USD.... : )
gg!
forex_trader_236107
Membro Desde Mar 10, 2015
116 posts
Apr 29, 2015 at 16:21
CrazyTrader posted:Hello my friend. What an amazing push today huh...I bet you now that we are above the R3 many people are shorting. The last thing they would expect is another pop up once the FOMC mins are released. This is class proof of what everyone says about `fundementals' When you miss, you miss by a lot and you may never be able to recover.CrazyTrader posted:
I just posted a subiminal picture.
Actual bid = 1.0839
300 pips hit today!
ps... the subliminal picture was my profile picture... indeed, USD isn't the king anymore... and we have so many traders buying USD.... : )
gg!
Membro Desde Jun 08, 2014
454 posts
Apr 29, 2015 at 18:06
Today is a big day with the US Interest rate decision and the FOMC statement.
Membro Desde Jul 10, 2014
1117 posts
Apr 29, 2015 at 18:17
EUR/USD broke above the resistance at 1.1050 with ease and continued climbing. I think the pair is headed for 1.1230, where there is a strong resistance visible on the weekly filter chart.
Membro Desde Nov 11, 2012
271 posts
Apr 29, 2015 at 22:10
Bearish divergence exists......still bearish on EUR/USD at the moment.
antariks1@
Membro Desde Apr 14, 2014
230 posts
Apr 29, 2015 at 23:34
Long term resistance has been broken, correction continues or eventually become trend changes or most likely we will see a ranging period again.
Membro Desde Oct 08, 2011
137 posts
Apr 30, 2015 at 04:43
(editado Apr 30, 2015 at 04:44)
Since today is the last day of the month to trade, the only remaining question is whether the April bar on the monthly chart will be a:
Inside-Reversal-Bar (the high will stay at least 1 pip below the high from last month), or a
Reversal-Bar (the high of this month trades through the high of the preceding month)
Inside-Reversal-Bars historically have more thrust than Reversal-Bars.
In any event - on the weekly and monthly charts the targets are the GAP near 1.2100, which is close to the 50% retracement.
Cavity stops on the monthly charts are near 1.1400 and 1.1530 where the daily chart may create an up-hook.
As I have mentioned before, next exit point on the daily chart is 1.1300, as there is the next cavity-stop on the weekly chart (1.1291)
Inside-Reversal-Bar (the high will stay at least 1 pip below the high from last month), or a
Reversal-Bar (the high of this month trades through the high of the preceding month)
Inside-Reversal-Bars historically have more thrust than Reversal-Bars.
In any event - on the weekly and monthly charts the targets are the GAP near 1.2100, which is close to the 50% retracement.
Cavity stops on the monthly charts are near 1.1400 and 1.1530 where the daily chart may create an up-hook.
As I have mentioned before, next exit point on the daily chart is 1.1300, as there is the next cavity-stop on the weekly chart (1.1291)
"a little bit of knowledge is a dangerous thing"
Membro Desde Nov 11, 2012
271 posts
Apr 30, 2015 at 05:43
Divergence
Anexos:
antariks1@
