FullTimeTrader
Short

EURUSD-simple breakout and retest-backtesting new indicators

FX:EURUSD   Euro Fx/U.S. Dollar
2888 24 28
Hello, nice price action setup following the overall downtrend.
Price broke the trendline support and is testing it.
I'm backtesting the new indicactors that could be very helpful, here you can find it:
[NM]Bull and Bear Power trade signal - thanks to [RS]


We have "bear power" and candle close below the signal line.

SL above last highs.

Regards.
moneymaking
a year ago
Hey mate, nice work, simple and straight forward. I'm still holding onto my shorts on this pair. Thank you for sharing and all the BEST :)
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baxonet
a year ago
Hi! How to use it for binary options?
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FullTimeTrader baxonet
a year ago
Hello, never traded binary options, may be other members can help. Regards.
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Trilo baxonet
a year ago
Strike pices are the targets and ideally you would only enter a binary option if its closest to stop loss.( i.e closest to 0 thus maximising binary potential profits)
hope that helps!
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IvanLabrie PRO
a year ago
Same idea. My tp is 50 pips higher, but what gives.
Good luck!
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CheyanneLawrence IvanLabrie
a year ago
do you think tp will be reached by friday close?
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FullTimeTrader CheyanneLawrence
a year ago
Hello, some traders do not leave trades open on fridays. Its difficult to say if target will be reached by that date, for me friday is just another trading day with low liquidity. Regards.
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IvanLabrie PRO CheyanneLawrence
a year ago
I have no idea. Probably, but hard to time it as is.
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Chronos
a year ago
Quick question. On your previous post, you mentioned that the DXY is showing a downtrend signal and you have a bearish stance. Would this pair EUR/USD still have the same down trend direction if that was the case?
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FullTimeTrader Chronos
a year ago
Hello, please consider that im not giving any signals. Just ideas showing the possible scenarios. Mainly i use TradingView as my log, not necessary trading all ideas i post. The DXY post is a possible LONG TERM scenario, thats why the title was "DXY a technical scenario to consider". This setup is just a backtesting. I will depend on you to take the final decision. If you ask my opinion if think the first target is more probable. Regards.
+1 Reply
moneymaking FullTimeTrader
a year ago
Totally agree :)
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Chronos FullTimeTrader
a year ago
Ok. Thanks!
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This one is promising, similar targets
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omw78ygthasoh
a year ago
Hi were would I go to source the indicator that you are trying out please
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FullTimeTrader omw78ygthasoh
a year ago
Hello, check the original post, there are instructions and any question the author could help you
[NM]Bull and Bear Power trade signal - thanks to [RS]
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Hi Man, Thank you so much for sharing!! Excellent !! I learn you trading long time, thank you for help me!! Very good idea!!
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peter.kralmail
a year ago
This is entry of typical retail trader SL above last structure and short on first bearish candle. I curious how this will end, because this is what parket traders are looking for to get your stoplosses
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MILAD-FX-26
a year ago
HELLO MY FRIEND
YOUR A GOOD ANALYST.
MY AGREE WITH YOUR COMMENTS.
EUR USD SHORT POSITION
Reply
IvanLabrie PRO
a year ago
This one left me scratching my head too today haha. Luckily it was a break even stop, so only lost on fees.
Thoughts now?
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FullTimeTrader IvanLabrie
a year ago
I have bad experiences with indicators hahaha so far 2-0 failed setups, better i will continue with my other tested trading systems. The price action here is choppy, better i will stay aside until the structure is clear. There are great opportunities on ther pairs.
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IvanLabrie PRO FullTimeTrader
a year ago
I have the following theory:

#1 Priority: find market condition
#2 Apply strategies that I tested working for said condition

Regarding indicators, I like CCI(11) to help spot range extremes, and the 66 and 253 EMA for the daily + BB 21 as an extra.
I think your harmonic patterns should do great in this enviroment, EW is quite useless when dealing with extended corrections.
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mkdeep04
a year ago
eu completed wxy correction ?
wxy or wxyxz to complete is up move
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mkdeep04 mkdeep04
a year ago
1220 area hold for high tgt 1500/1600 wxyxz or brkdown for 1.07xx... any view ??
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mkdeep04 mkdeep04
a year ago
slightly  bullish  view  wxyxz ?? for wave B?

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