I guess everyone is flat and thus I take the opportunity to ask this. We have been discussing on how they won't produce anything that is near enough today at the Euro meeting, but what would be sufficient to satisfy the markets? - Expanding the ...

EurAnalysis

Thanks for you concern . I draw them, but very seldom use them for taking a trade, and never at a break of a trendline. I like PA at SRs better. Then I can set up scenarios based on if an SR is broken or rejected. .

EurAnalysis

I believe that we use the 4H charts slightly different. I use them for drawing trendlines and finding historical S/Rs. The trendlines come up almost the same if I use different timezones. However the S/R are different. See url Because of that I ...

EurAnalysis

Of course there is, but have no idea where or when

EurAnalysis

Blobik you sound like PT Seening the same thing with EUR/USD as you noted and this I have seen before we got the turnaround at 1.493. In the end of the run up we started to get large pullbacks after the stops were run. Something like today. Stops ...

EurAnalysis

@PT Now that we are after hours I thought I'll spam the thread with some questions regarding that you analyse H4 from different brokers with different that have different times that the 4H candle start and ends. This is one reason I don't trust ...

EurAnalysis

Which 61,8 fibo? the one from 1.4548 to 1.3144? Edit: Its almost the same as the 50% from 1.4939 to 1.3144 1.4038 vs 1.40091

EurAnalysis

Very good point. No break on daily.

EurAnalysis

If I remember correctly about the same thing happened at 1.49. Faked break above 4H resistance (to suck in retail) and then a rejection at 1.4925 (something) after days of indecision. Then smack down 1000 PIPS in 15 to 20 days

EurAnalysis

Not with you on this one. A rejection pattern on the daily might take you up to the trendline. Unless you count on a BOJ intervention.

EurAnalysis

One thing not to forget is that you trade a pair when you trade forex. The pair can move three ways because of a lot of reasons. It can move - Up - Down or - Sideways and it can do so because the different sides of the pair move up, down or ...

EurAnalysis

Good on you Hade a great day yesterday and had my day off today. Have a great weekend.

From Muppet to Bastard

To me that is very interesting and raises a lot of questions. I'll come back to that later. Now I'm not going to spam the thread anymore today and tomorrow is my day off. Have a nice weekend to you all.

EurAnalysis

So I'm guessing you prefer to trade of GMT+2? The reason for asking is that I thought most of you larger time frame traders use GMT? I really don't trust my FxPro 4H and Daily candles. Anyone have an opinion about that, I'm in the blue here.

EurAnalysis

Hmm interesting. For me its the other way around. Used to trade without a stop loss and had a lot of crappy entries. Setting a SL makes me take better entries.

EurAnalysis

At what time does you daily candle start?

EurAnalysis

Like your charts they are so clean and neat. FXCM feed?

EurAnalysis

I'm not going to debate that, thats the downside of democracy. We had a situation in Sweden in the 90's and in the beginning of the century where there were large cutbacks to reduce the debt. I won't try to compare with the Greek situation because ...

EurAnalysis

Ok, so by trying to put confidence back in the market, the "little" people should follow and take loans and start consuming. Because thats what they have done and then the bubble will just be bigger when (not if) it bursts. I think there is only one ...

EurAnalysis

Might have a doubletop in M5 soon.

EurAnalysis