As we can see on the Graphic we are currently in an interesting position for EURUSD, zone of 1,24480 was touched so many times and offer a great resistence, however zone 1,25 was also touched many times in past years so check them well in these days. I personally opened my LONG position at the lowest yellow line once market inverted yesterday. Nice Trading to all guys!
Excellent!! At least this confirms that we're all seeing the same thing. I mentioned this scenario in one my vlogs recently on Tradingview but taking it from a weekly perspective. I'm long on EURUSD independently, based on the above setup. I'm totally happen to lose my stop-loss bet. It's the price I'm willing to pay that the market proves me wrong.
If I've got the probability correct that greater is for the north, then I stand to gain far more than my small stop-loss.
Support zones can be extremely strong. In one of my posts a couple years ago I showed how CADNOK had held out >9 times at a support level. See I know some people who go by some 'rule of thumb' which says three times unlucky. The markets know no rules.
Thanks for sharing your idea.
[None of the above is a recommendation/encouragement to enter long]
falcon9x
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@Captain_Walker, i agree with you!! You know sometimes all kind of indicators,rumors just make people and traders only confused cuz focus sometimes in ways that are not correct and most of these people just loose their money believing these scenarios, i think that the most powerful and great indicator is only one: TREND LINES! They show you everything what is happening in the entire world and in entire market, they show you when enter in the game and when exit and also show you well where to put the StopLoss. I think this is the most poweful indicator especially if associated with all news from journals. :D Thank you for your comment Captain Walker!
I use trend lines a whole lot. It's only in the last year I came to appreciate how powerful they are. I mean I saw other people showing trend line power, but I didn't really believe it until Bitcoin. The two charts below show the same sort of early trend line. It's easy to spot trend lines after they are fully formed. The challenge is to spot them early on and believe they are there. In general by about half way through, when I see them I go with them.
I'm getting more into video posts as they're easier for me and show a lot more.
falcon9x
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@Captain_Walker, agree! :D try to check on my Italian page in tradingview some graphics i made few days ago and few months ago with Trend Line scheme, and you will see that all lines that i drew there, are perfectly now and maybe for next months since i developed my own strategy based on world news and decsions.
If I've got the probability correct that greater is for the north, then I stand to gain far more than my small stop-loss.
Support zones can be extremely strong. In one of my posts a couple years ago I showed how CADNOK had held out >9 times at a support level. See
Thanks for sharing your idea.
[None of the above is a recommendation/encouragement to enter long]