Sforex
Short

EURUSD:Take a break, and back to the downtrend.

FX:EURUSD   Euro Fx/U.S. Dollar
425 6 4
The drop of EURUSD             halt today at the support 1.1100

1.1100 is also SMA50

I see some traders are talking about BUY in dip.

I think this is a short term correction, a break before it backs to the downtrend.

I still keep bearish bias for EURUSD             .

THE CORRUPTION OF VOLKWAGEN SENDS MORE NEGATIVE SIGNAL TO EUROZONE.

This will affect greatly on manufacturing sector of Germany and entire EZ.

While Markit PMI yesterday were more negative than expect.


EURUSD             should trade lower to 1.1000 AND 1.0800: That is fair price of EURUSD             for the being time.

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Jananx17
a year ago
This looks good, I just noticed you use a different setting for Ichimoku with 7-22-22 compared to the standard setting of 9-26-52. Your setting does seem to fit the market better. I was just wondering whats the reasoning behind this specific setting and do you change your Ichimoku setting as the market changes?

I been waiting on the same setup for the EURUSD but with my 9-26-52 setting. But now considering testing the 7-22-22 setting as a change.

Thank you for your ideas you provide

J
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Jananx17 Jananx17
a year ago
i meant 7-22-44*
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Sforex PRO Jananx17
a year ago
I said this many time and lot of traders asked me about it.

I set Ichimoku pattern ( 7,22,44,22).

The secret behind it simply:

- When Japanese invented Ichimoku pattern. A trading week begun from Monday to Sunday without any break.

Now the fact changes, a trading with just has 5 days from Monday to Friday.

So I have to fix the pattern.
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FXKOPPA Sforex
a year ago
do you use same Ichimoku pattern ( 7,22,44,22). for All time frames mean (1,2,3,4,6,8)H and daily .
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Sforex PRO FXKOPPA
a year ago

I'm a swing trader, not intraday trader.

You don't need to follow a standard which others set up, you must develop your own skills and check; if you see it's appropriate, then use it.

Some traders complain me why I don't follow the standard. I say no, I trade FX, to make money for myself, not for themselves, so I don't need to follow anyone who force me to follow a rigid standard.


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FXKOPPA Sforex
a year ago
Its very nice feed back , at least I got courage to do my homework hard ... cheers , this question was also the part of my home work to get point of view of yours , Interesting....Cheersss
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