EUR/USD
Aug 12, 2015 at 06:25
sherifFares posted:
Reached target 1.1090 now I wait for the upswing to be exhausted so I can go short.
I think selling on move towards 1.10800+ with a strict SL of 1.1110 (to save trades from spikes....) can fetch some good gains..
To achieve 3-5% portfolio growth a month
เป็นสมาชิกตั้งแต่ Jan 06, 2015
16 โพสต์
Aug 12, 2015 at 06:28
It's starting for up trend!?
เป็นสมาชิกตั้งแต่ Oct 08, 2011
137 โพสต์
Aug 12, 2015 at 07:12
EUR/USD weekly chart.
I have described several times in my postings the characteristics of consolidations/congestion/trading-range.
On the weekly chart, there is a measuring bar (MB) from 15 weeks ago.
The MB has a high of 1.1289 and a low of 1.0818 (on our charts).
All bars following this bar have either their close price or their open price (or both) inside the high and the low of the MB.
This week, the bar count is Nr. 16
We do not trade any bars between 11 and 16.
Nr. 17 is the first bar we trade (highest risk!).
Best bars to trade are bars 21 through 29, which historically have the best chance to break out of the range.
This knowledge can be used to trade a faster time-frame within the boundaries of the MB of the slower time frame.
As we can see on the weekly chart - bars Nr. 12, 13 and 15 attempted to break out, without success.
This is vital knowledge to trade successfully. Most traders lose their money in congestions/trading ranges.
This congestion rule applies to all time-frames, from the 1 minute to the annual chart.
Consolidation = 5 to 10 bars max
Congestion = 11 to 20 bars max
Trading-range = 21 bars or more.
Each one of the above has to have a measuring bar (MB)
If a measuring bar is followed by at least 4 bars where open, close or both are inside the MB's high and low, a price consolidation is present.
When counting bars, the MB has to be included in the count.
Note - there are 2 different types of trading-ranges (more than 20 bars).
The second type (not described here) does not need a measuring bar!
I have described several times in my postings the characteristics of consolidations/congestion/trading-range.
On the weekly chart, there is a measuring bar (MB) from 15 weeks ago.
The MB has a high of 1.1289 and a low of 1.0818 (on our charts).
All bars following this bar have either their close price or their open price (or both) inside the high and the low of the MB.
This week, the bar count is Nr. 16
We do not trade any bars between 11 and 16.
Nr. 17 is the first bar we trade (highest risk!).
Best bars to trade are bars 21 through 29, which historically have the best chance to break out of the range.
This knowledge can be used to trade a faster time-frame within the boundaries of the MB of the slower time frame.
As we can see on the weekly chart - bars Nr. 12, 13 and 15 attempted to break out, without success.
This is vital knowledge to trade successfully. Most traders lose their money in congestions/trading ranges.
This congestion rule applies to all time-frames, from the 1 minute to the annual chart.
Consolidation = 5 to 10 bars max
Congestion = 11 to 20 bars max
Trading-range = 21 bars or more.
Each one of the above has to have a measuring bar (MB)
If a measuring bar is followed by at least 4 bars where open, close or both are inside the MB's high and low, a price consolidation is present.
When counting bars, the MB has to be included in the count.
Note - there are 2 different types of trading-ranges (more than 20 bars).
The second type (not described here) does not need a measuring bar!
"a little bit of knowledge is a dangerous thing"
forex_trader_29148
เป็นสมาชิกตั้งแต่ Feb 11, 2011
1916 โพสต์
Aug 12, 2015 at 20:07
(แก้ไขแล้ว Aug 12, 2015 at 20:10)
will stay in ranging market for a very good while ,there is no trend stared there ,simply keeping bouncing ,just the volatility picked up a bit awaiting the return of big players in september
เป็นสมาชิกตั้งแต่ Jun 08, 2014
454 โพสต์
Aug 13, 2015 at 01:59
FXWES posted:
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.
it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.
Aug 13, 2015 at 06:04
EUR/USD continued to add value for the sixth consecutive day on Wednesday and EUR ended the session on a six-week peak. The single currency gained over 110 pips to a closing price of 1.1156. Additional gains were limited at 1.1212. The movement managed to overcome the levels at 1.1130, which encouraged the Bulls. Attitudes remain positive and 1.1270 – the next target.
Aug 13, 2015 at 06:46
sherifFares posted:FXWES posted:
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.
it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.
Same view mate... 😄
To achieve 3-5% portfolio growth a month
Aug 13, 2015 at 06:46
PERPETUUMMOBILE posted:
EUR/USD weekly chart.
I have described several times in my postings the characteristics of consolidations/congestion/trading-range.
On the weekly chart, there is a measuring bar (MB) from 15 weeks ago.
The MB has a high of 1.1289 and a low of 1.0818 (on our charts).
All bars following this bar have either their close price or their open price (or both) inside the high and the low of the MB.
This week, the bar count is Nr. 16
We do not trade any bars between 11 and 16.
Nr. 17 is the first bar we trade (highest risk!).
Best bars to trade are bars 21 through 29, which historically have the best chance to break out of the range.
This knowledge can be used to trade a faster time-frame within the boundaries of the MB of the slower time frame.
As we can see on the weekly chart - bars Nr. 12, 13 and 15 attempted to break out, without success.
This is vital knowledge to trade successfully. Most traders lose their money in congestions/trading ranges.
This congestion rule applies to all time-frames, from the 1 minute to the annual chart.
Consolidation = 5 to 10 bars max
Congestion = 11 to 20 bars max
Trading-range = 21 bars or more.
Each one of the above has to have a measuring bar (MB)
If a measuring bar is followed by at least 4 bars where open, close or both are inside the MB's high and low, a price consolidation is present.
When counting bars, the MB has to be included in the count.
Note - there are 2 different types of trading-ranges (more than 20 bars).
The second type (not described here) does not need a measuring bar!
Interesting view/technique of trading... will definitely have a look.. Thanks
To achieve 3-5% portfolio growth a month
เป็นสมาชิกตั้งแต่ Jul 10, 2014
1117 โพสต์
Aug 13, 2015 at 16:44
sherifFares posted:FXWES posted:
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.
it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.
First it has to break above the resistance coinciding with the previous high at 1.1215. That said, I think it's very possible it will be able to do that.
เป็นสมาชิกตั้งแต่ Jun 08, 2014
454 โพสต์
Aug 13, 2015 at 17:02
EUR/USD possible rebound from 1.12000 I think for now let's see the rebound will continue till 1.0950 a possible short opportunity can be made.
forex_trader_29148
เป็นสมาชิกตั้งแต่ Feb 11, 2011
1916 โพสต์
Aug 13, 2015 at 20:08
next stop 1.1215 followed by a reverasal
Aug 14, 2015 at 10:50
After the strong performance on Wednesday, yesterday the pair remained with no significant changes. The euro was trading at a price of 1.1148 at the end of the session with drop of 8 points. However, the day proposed a certain volatility and extreme values were reached at 1.1187 and 1.1081. The chart continues to develop over the moving average, the index of relativity remains in positive territory, supporting the bulls in the short term.
forex_trader_186239
เป็นสมาชิกตั้งแต่ Apr 15, 2014
224 โพสต์
Aug 14, 2015 at 13:59
Everything is possible now. I do not believe we are in trending mode now.
forex_trader_29148
เป็นสมาชิกตั้งแต่ Feb 11, 2011
1916 โพสต์
Aug 14, 2015 at 14:19
(แก้ไขแล้ว Aug 14, 2015 at 14:19)
if it beaks the 1.1213 it will maybe be in trending mode but i doubt it
