FX:EURUSD   Euro Fx/U.S. Dollar
755 13 25
:D
Nice analysis, thanks for sharing! I'm rather curious to know though why you would choose to take profit just before old consolidations instead of before reaching an old high (going down that would be challenging support). Or do you use a trailing stop and letting it run? Again just curious to know! Thanks again. Best regards,
Reply
Thank you. I made this chart to explain why I placed my first TP there. Let me know if you have any questions.
EURUSD
Reply
Steven_Maas stocktrader15
Ah thank you @Stocktrader15 for the explanation. On second thought, I might need more studying on EW and diagonal trendlines to understand the concept fully. Hopefully we'll see EU correcting into some lower liquidity pools soon! Good luck with your trades.
Reply
A very good analysis.But euro is an account killing pair !
Reply
Speak for yourself. Go back and look at my EU trades. All the majors follow the rules of wave analysis very well :D
EURUSD
Reply
waterman stocktrader15
Yes. What I meant was this past performance and confidence can be very easly be well a trap dude
Reply
waterman waterman
Equal chance for a continuation upside without a significant retrace
Reply
You could say this about anything which is why it is important to have a system with a proven edge and the discipline to follow your own rules.
Reply
ZainSaeed stocktrader15
It is not right to say that killing pair and account wash pair trading the name of margin control if you can control your margin then no pair can wash your account
+1 Reply
no shark
Reply
stocktrader15 PRO FarhadKeshavarz
What?
Reply
A nice chart i also think this is going to happen but i am not sure if it break above.... but a good thing here is a double top which will be good for this chart
Reply
Double tops and bottoms don't mean much to me by themselves. On the way to new highs and lows u will always have a double tops and bottoms. For every new high is a failed double top :D
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out