Nate's Euro Analysis

[swordofrue]

Hello everyone,
I will be posting my EUR/USD analysis here.

EUR/USD -

1 Hour
You can see that the price went up and hit the 365 EMA. This is where I shorted and then cashed out around the 21 EMA and 236 Fib. This is also around the price that I got in long.

4 Hour
As you can see that price went up and hit the 100 EMA.

Daily
These up moves started 3 days ago with that Pin bar. I missed ideal entry off the daily pin so I have been trading the dips and valleys off the 4h and 1h. Ill be around next time to caught it

[swordofrue]

A Pin bar has formed on the daily chart. Not the best pin but I am still trading it.

[swordofrue]

This week was quite exciting. I did nearly an 8% capital increase.

Here are my trades from last week.

[swordofrue]

Interesting pin forming on Monthly...

I am going to wait to see if price approaches fib 236 on the daily and then see if I have a trade. I am also considering adding yen onto my platter.

[swordofrue]

4 Hour Chart
This chart makes me want to go short. How the price hits the 150 EMA and then you got a bear candle afterwards.

1 Hour Chart
However, the one hour chart makes me think other wise. You have that nice big spike and then no retrace. Just a small range between 20 pips. This makes me believe that there will be another bullish move. So I think my original assessment to stay out of it for the time being will be wise. I may just go look at Yen for a few days before I visit euro again.

The Euro was good to me last week, no need to keep pressure it next week.

[dannybly]

Nice job swordofrue - here's to more of the same next week

[swordofrue]

First we have a not so decent pin on 1h. Still I think it was tradeable since it hit the fib.

But then there is an awesome pin on the 4h.

I wasn't looking at the 1h chart when I had my short bais and I was short at the fib level on the one hour chart. I got stopped out at a -3%. However, I got in with the good pin on the 4h chart and got +4%. So this week started off rough. Would of easily been a 7% day if I was paying attention, but I did come out with 1%, so I am happy.

[priya]

interesting thing to go for.....

[swordofrue]

Ive been distracted this week so I didn't trade much. Regardless here are some thought on the 4h chart.

First the arrow indicated a decent but not good pin bar. If I was trading I probably would of took it but I think it would of been risky.

However, the blue box is what I think is an ideal set up. You got three candles. First you got a doji which would make me think, ok lets see what happens. And then you got a hanging man. Typically I dont trade those. And then you get a pin bar with no obvious direction. I don't think it would of been wise to take a trade off of any individual bar. However, I think you could of gotten away with going short with those three candles even though the pin lacks direction.

[priya]

Originally Posted by swordofrue

Ive been distracted this week so I didn't trade much. Regardless here are some thought on the 4h chart.

First the arrow indicated a decent but not good pin bar. If I was trading I probably would of took it but I think it would of been risky.

However, the blue box is what I think is an ideal set up. You got three candles. First you got a doji which would make me think, ok lets see what happens. And then you got a hanging man. Typically I dont trade those. And then you get a pin bar with no obvious direction. I don't think it would of been wise to take a trade off of any individual bar. However, I think you could of gotten away with going short with those three candles even though the pin lacks direction.

if u have not traded then wat have u done dis week?????? tell me one thing from where u bring these charts? i actually wanted to know source?

forex trading