EURUSD Top Down Analysis - Page 3

View Poll Results: Do you analyse the market with a top-down approach?

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  • Yes

    4 66.67%
  • No

    2 33.33%
  • Unsure

    0 0%
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Results 21 to 30 of 346
  1. #21
    Join Date
    May 2016
    Posts
    617
    EURUSD is at a weekly resistance zone but there is room for further northward move, GBPUSD is retesting the weekly pivot which corresponds with a weekly resistance zone possibly for a further southward push, USDCAD is making a bearish push through a weekly support zone. Trade well.

  2. #22
    Join Date
    May 2016
    Posts
    617
    Although there is a bearish streak in the EURUSD on the 4-hour chart at the moment, the RSI on higher time frames (daily and weekly) portends a potential for some northward push. GBPUSD is still bearish and currently testing a daily support zone. Trade safe.

  3. #23
    Join Date
    May 2016
    Posts
    617
    Tip: Trapping the market involves building a trading edge over the market on a consistent basis. This is not a matter of winning 5-10 trades but showing consistency over many (say hundreds of ) trades during which the trader's net results show remarkable profit which is sustainable.

  4. #24
    Join Date
    Jul 2013
    Posts
    2,540
    Quote Originally Posted by TrapTheMarket View Post
    Trapping the market involves building a trading edge over the market on a consistent basis.

    So does any kind of profitable trading, surely - more or less by definition? Nobody's going to profit consistently without having a trading edge over the market?

  5. #25
    Join Date
    May 2016
    Posts
    617
    Quote Originally Posted by lexys View Post
    So does any kind of profitable trading, surely - more or less by definition? Nobody's going to profit consistently without having a trading edge over the market?
    Yes, that't the point. However, many traders focus on temporary gains or the few trades they make money without working on the rules and system that form the basis of building long-term profitable trading edge over the market. Trade safe.

  6. #26
    Join Date
    May 2016
    Posts
    617
    Does having a profitable trading edge over the market mean that a trader will not experience some losing streaks? If you were to apply what you learnt recently for better trading, which aspects of your trading would you focus upon?
    Last edited by TrapTheMarket; 06-15-2016 at 04:17 AM.

  7. #27
    Join Date
    May 2016
    Posts
    617
    If a bearish rejection candle forms at the USDCAD monthly pivot, that should be a significant signal for a bearish trade. That location is also in confluence with the 50 Fib level. Trade safe.
    Attached Images Attached Images  

  8. #28
    Join Date
    May 2016
    Posts
    617
    Once you develop a functional trading system, much of what is required for successful trading is about discipline.

  9. #29
    Join Date
    May 2016
    Posts
    617
    The GU is potentially northward-moving for about 120 pips to the next resistance on the weekly chart around the 1.49 area unless fundamentals cause an upset. But I'm not trading GU today as I have a number of positions I am monitoring. Trade safe.

    Name:  GBPUSD_Next_Resistance_Zone_Weekly_June_21,_2016.jpg
Views: 180
Size:  25.4 KB

  10. #30
    Join Date
    May 2016
    Posts
    617
    When your trade goes awry, rather than going nuts steel yourself for brighter and better trading.

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