[QUOTE=“profitbaby;610980”]What is your anticipation for EUR/USD for next week, Nikitafx? Just would like to know your opinion…[/QUOTE]
Im neutral on this pair at the moment
Provided
WTF red line is my comfortable buy zone.
DTF if today ends up the way it is, I might short it tomorrow.
But keeping in mind long term bias is still buy.
We need to see opportunity. Mechanical trading is not the way to go. Look at the charts, be patient, wait.
欢迎 Nvi Shen.
leaning a new language Nikita?
[QUOTE=“Amanfx;611369”]leaning a new language Nikita?[/QUOTE]
We are all polyglots now, thanks to google translate
I am watching the same level on AU as you. Price is around there now. Gotta wait for end of day now.
If our bias is long on AU, will it be safe to say we can sell EA pending PA signal? How do you read the weekly chart of EA?
Thanks.
[QUOTE=“Amanfx;611410”]I am watching the same level on AU as you. Price is around there now. Gotta wait for end of day now. If our bias is long on AU, will it be safe to say we can sell EA pending PA signal? How do you read the weekly chart of EA? Thanks.[/QUOTE] Well firstly lets get the charts out of the way.
The bottom red line was where I was hoping the new monthly candle would pull up to before shooting up. Well that didnt work out as planned. Often, when it does not retrace properly, the movement with bias becomes jerky.
Than this was my weekly retrace, with previous week bias being buy.
So price comes down to our level.
We look at daily for entry which is a no go zone since it marks a strong fall.
Hour four just touched and nothing formed yet. So we are still waiting.
Now regarding EA, we can sell if AU goes up, or if EU falls. Now what happens when EU is the mover and not AU? So Becareful making decisions based on correlation.
EA is a higher TF currency pair. Best play it according to rules.
For now I hate to predict which way it goes. Ive got my irons on EuroKiwi as we speak and its looking positive for now.
Thanks Nikita for the explanation on AU pair. Hit my TS and closed with 31 pips.
Why did u go long on AU?
Was there any signal?
[QUOTE=“Amanfx;611675”]Why did u go long on AU? Was there any signal?[/QUOTE]i missed the ride on AU.
Saw the pullback today early morning but it did not retrace at all.
So flip that, wait for the next
Bias was Buy on AU pair according to the last week candke, see the Daily and hourly chart.
D TF
1HR TF
Wanted to hold the position but hit TS can’t complain…
Which one is the next one Nikita… just getting greedy…
Sharebazaar…
I was wondering about your entry earlier… I think you took the trade and closed before the PinBar formed on the daily.
I had a pending order on retrace of PB…Good employment data did not let the price pullback at all…
I am in this GU from the retrace of H4 pinbar…
I will be closing one position at the marked area and let the other run with open target…
Last week candle is an indecision candle… so not sure how will this play out up close to last week’s close.
You are correct Aman my entry was early, but I was waiting for the price retrace upto the horizontal line on the chart and I was waiting for the 1HR or 15 min TF for the confirmation.
Very good entry Aman, I am also watching this pair, hope it will give another chance to go long when london open…
If u get a chance to go long this pair, I will be taken out as my SL is now at BE. 
Maybe too early to move SL.
[QUOTE=“Amanfx;611768”]I am in this GU from the retrace of H4 pinbar… <img src=“301 Moved Permanently”/> I will be closing one position at the marked area and let the other run with open target… Last week candle is an indecision candle… so not sure how will this play out up close to last week’s close.[/QUOTE]
I like ur entry.
Clean and quite early
I was looking for an entry today in AU on retrace of PB… well that never happened…
But let me ask you … where would a valid SL be for this trade… at number 1 or number 2 ?
Thanks
[QUOTE=“Amanfx;611815”]I was looking for an entry today in AU on retrace of PB… well that never happened… But let me ask you … where would a valid SL be for this trade… at number 1 or number 2 ? Thanks <img src=“301 Moved Permanently”/>[/QUOTE] Assuming a pullback had occurred, my SL would be the next LL extreme price rejection, which is the one I highlighted with the red arrows. Thats where I would calculate my risk, ,
That is ofcause if SL was picked on DTF
Thank you Nikita… I would have had my SL below candle marked number 1…
Anyway, I can’t make sense of any of the pairs after the way they all closed…
EJ is at a very interesting level along with a H4 PB… but don’t feel like taking the trade based off huge bear candle and it being Friday…
Only other pair that seems ok to me is UCAD… provided it rotates a bit lower and then forms a PA signal to go long.