EUR/USD Currency

I am trading the divergence. Expected targets 3600 > 3550

nice work tarantula

Thank you mate

just two of us? lol!

Today's trading was good, all levels respected. Hopefully back to normal trading condition

just two of us? lol!

Dunno mate, I hope ppl will contribute to the forum. I would like to see other ppl charts and opinions.

Message to everyone: Dont be afraid to post your trading chart. Noone will flame u

Explanation:A reverse divergence is when the histogram makes a lower swing low,while at the same time the price makes a higher swing low. We should continu to trade the maintrend.

We will go up a bit then downtrend resumes.

what a day!

Yngwie-NT wrote:what a day!

Yea waiting for the news,then market will move..

This will probably retrace to C or A before a new drop

Nice analysis!

Yes it is, but PA is not following yet...

as usual monday

the price is ranging...no clear breakout yet

Tarantula wrote:

Explanation:A reverse divergence is when the histogram makes a lower swing low,while at the same time the price makes a higher swing low. We should continu to trade the maintrend.

We will go up a bit then downtrend resumes.

^^ expected

master of EU! hehe

Look who is talking- The master of GU itself ) TY mate, well im not a master but im trying to find the best ways to trade this pair.

Depend on u for EU lol

Yngwie-NT wrote:Depend on u for EU lol

No worries mate, i will support you with my maximum. Together we will rock !

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hi guys!

Do You think that move upwards may be the beginning of the end of consolidation???
i honestly hope so

especially if you look at d1.

ps. Tarantulla what's the name of the indicator you got on screen in post 15th ?

this with lines telling you when go short long etc. is it sort of pivot ?
how does it work?
could you post it please?
thanks.

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I believe when price break (open new candle above) upper trendline, we will see price at 38.2 fibo retracement.

ps. Tarantulla what's the name of the indicator you got on screen in post 15th ?

this with lines telling you when go short long etc. is it sort of pivot ?
how does it work?
could you post it please?
thanks.

Yea that is Camarilla indicator. The SFT Camarilla Equation produces 8 levels from yesterday's open, high, low and close. These levels are split into two groups, numbered 1 to 4. The pattern formed by the 8 levels is broadly symmetrical, and the most important levels are the 'L3', 'L4' and 'H3', 'H4' levels. While day trading, traders look for the market to reverse if it hits an 'L3' or 'H3' level. They would then open a position AGAINST the trend, using a stop loss somewhere before the associated 'L4' or 'H4' level. The SFT theory suggests setting stoplosses that appear to you the trader to be prudent, and to not even open the trade until it has penetrated the level in the 'right' direction, i.e. demonstrated that it has found resistance (or support). In the case of the higher H3 level, this would mean that price had already reversed and pushed back down thru the level, heading south.

The second way to try day trading with the Camarilla Equation is to regard the 'H4' and 'L4' levels as 'breakout' levels - in other words to go WITH the trend if prices push thru either the H4 or L4 level. This essentially covers all the bases - Day Trading within the H3 and L3 levels enables you to capture all the wrinkles that intraday market movement throws up, and the H4 - L4 breakout plays allow the less experienced trader to capitalise on relatively low risk sharp powerful movements.


Hmm, how can i upload indicator here??

hi guys!

Do You think that move upwards may be the beginning of the end of consolidation???
i honestly hope so

especially if you look at d1.

Well first in order to give us some bullish cue we need to see 3707...3760...3825 lvls and above. Only a clear brake of psycho lvl 4000 would give us a decent bullish cue. Until we see 3825+ or -3430 we stay in the range.

thanks a lot for your respond.

i have already found the indicator.

johnybravo wrote:thanks a lot for your respond.

i have already found the indicator.

NP enjoy!

[code]

GUYS AND GIRLS BEWARE!!!!!

Daily is showing a rounded bottom, ideal for bullish setup. We may see 4000 sooner then we think. The futures Committment of Traders report shows a near record 65,000 net short positions. These guys bet on the demise of the Euro because of Greece. If Greece gets bailed out, then they will have to cover. This may send the Euro up to 1.4000 over the near-term. So although U.S. economic data may show improvements, the fact that the Greece situation is improving may make this more important to traders.


Sunset Spiderman