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EURUSD-2

EURUSD 1H INSIDE CANDLE METHOD BREAKOUTINSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st candle. 3. 2nd candle low is higher than 1st candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend following trades. Scalping in doesn't matter what direction you may go. Trend following you will want to see this in context of a larger trend. Take all the trade setups and just shut down the ones that don't preform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
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by Tradingstrategyguides
EU : Shadow support and potential level to watchHello fellas, Here it is the short term view of current movement of EURUSD and today's potential movement for EURUSD . Today, we can expect the price to test this 2 regions which are the yellow support trend line and the blue region as a shadown support which have the confluence with the previous yellow line. Yellow line is simply the support trend line that has held the price since November 29th, 2019 and breaking down of this yellow line will lead the price to further fall around the white support trend line as the S1. Look at my long term bias on my previous analysis in related idea
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by julio24albert
EU levels to watch this weekHere it is I present to all of you about the EU chart and potential levels to be tested in this week. I want to give several highlighted things in this chart. First, Looking at the green resistance trend line, this is the resistance trend line which has driven the price since september 2018. This is however become the massive trend line and on daily chart, this resistance trend line is having an alignment with the 200 MA. So, currently the price has now showing the rejection toward this resistance trend line and this action is just showing us that the price still respect current resistance area. Second, Looking at the price actually has formed the higher low structure and looks like the higher high structure will be formed in the near future. This is a pretty good pattern combination for now. After the price breaks out of the green zone, we'll see a rally toward the upside and long position for swing could be activated. This weeks we will see a little retracement toward the 1st support zone or maximum to the 2nd support zone. But, my main bias is still testing the green resistance trend line.
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by julio24albert
ATR MONEY MANAGEMENT FOR GBPAUD & EURUSD 4H & 1DUsing a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves in a day. GBPAUD 1D ATR moves 133 pips GBPAUD 4H ATR moves 47 pips EURUSD 1D ATR moves 42 pips EURUSD 4H ATR moves 15,6 pips This helps me determine a more accurate setting for my SL and TP for the pair I am trading and the time frame I am using.
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by Tradingstrategyguides
EURUSD 1D AWESOME OSCILLATOR (AO) STRATEGYLong Trade AO below Zero Line AO creates a Low AO then creates a Higher Low ENTER after AO bar closes Green Short Trade AO above Zero Line AO creates High AO then creates a Lower High ENTER after AO bar closes Red Stop Loss is 1.5 x ATR Take Profit is 1 x ATR 1 - Trade Management 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st trade TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price.
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by Tradingstrategyguides
EURUSD LONG - TradingView to MT4 BotSide: Long Risk: 10% SL: 60 pips Noice start this week! SEND SIGNALS FROM TRADINGVIEW TO MT4 www.tradingviewtomt4.com POSSIBLE COMMANDS Open Orders buy_SYMBOL_SLinPoints_Risk% sell_SYMBOL_SLinPoints_Risk% buy_SYMBOL_SLinPrice_Risk% (can be used for dynamic values) sell_SYMBOL_SLinPrice_Risk% (can be used for dynamic values) buy_EURUSDi_150_0.05 = opens a buy order on EURUSD with an SL 150 points away with 5% risk if SL triggers sell_EURUSDi_1.10200_0.03 = opens a sell order on EURUSD with an SL at 1.10200 with 3% risk if SL triggers Close Orders close_SYMBOL_%toClose_none close_SYMBOL_%toClose_break close_SYMBOL_%toClose_(price) (can be used for dynamic values) close_EURUSD_50_none = closes 50% of an open order and SL stays the same close_EURUSD_0_break = closes 0% of an open order and SL moves to breakeven if trade is in profit close_EURUSD_25_1.10200 = closes 25% of an open order and SL moves to price that is stated Update Orders update_SYMBOL_SL1_SL2 (can be used for dynamic values) The logic of this command differs slightly and serves as a trailing stop between two dynamic values if your indicator provides that. For example, if current trade is a BUY, after sending this command, it will move Stop Loss to SL1, if it’s a SELL, it will move Stop Loss to SL2. update_EURUSDcn_1.10300_1.10100 = If we are in a BUY, Stop Loss would be updated to 1.10300. If we were in a SELL, Stop Loss would be updated to 1.10100. If you used dynamic values in trading view, the command would essentially look like this: update_EURUSDcn_{{plot_3}}_{{plot_4}} SEND ALERTS FROM TRADINGVIEW TO MT4 www.tradingviewtomt4.com WHY RISK MANAGEMENT? Trading can be very lucrative, we all know that, hence; why we became traders in the first place. Whether you found an awesome indicator script on TradingView, an Expert Advisor on MT4, or whatever other strategy that got you excited about trading in the first place; you will lose no matter how perfect a strategy works. I started trading with a strategy that had over 60% win rate and still lost half of my account. You may think I’m an idiot. I just didn’t understand it’s more important to know how much you can lose rather than how much you can make. So from now on, forget about gains. If your strategy’s win rate is above 50%, focusing on how much you can lose will always be more important. The gains will come on their own after that. Risk management is simple and only involves basic math. So let’s start with that: To understand the calculator in it’s entirety, you must know how to calculate profit from a winning position. We’ll use a FOREX example. Let’s say bought 1.00 Lot of EURUSD at 1.00100, a couple hours or minutes later, you closed it at 1.00200. First you subtract Close Price from Entry Price to get the amount of points you gained: 1.00200 - 1.00100 = 0.00100 100 points gain or 10 pips To calculate dollar profit you multiply by Lot Size and multiply again by 100,000. 0.00100 * 1.00 * 100,000 = $100 Gain * Lot Size * 100,000 = $ Great, so you made $100! If your balance was $1,000, you just made 10% return, amazing! But.. what if the trade had gone wrong? How do you even calculate how much you might lose? Well first, you have to choose a Stop Loss, this varies depending on your strategy. One of my 30m strategies has a Stop Loss between 150-200 points, while a 4hr strategy might have a Stop Loss between 600-650 points. Let’s say you’ve made up your mind and you’re going to choose a Stop Loss at 150 points, which means if price is at 1.00150, your stop loss would end up at 1.00000 on a Buy Trade. The key thing first is deciding what % of your balance you’re willing to risk. If I have $1000, you might be okay with losing 5%, which is $50. Now you use the formula above: Gain * Lot Size * 100,000 = $ In this case, we would substitute Gain with Stop Loss value instead. Stop Loss * Lot Size * 100,000 = $ 150 * Lot Size * 100,000 = $50 As you can see, we have to solve for Lot Size because we don’t know exactly how much to trade yet if our trade hits our Stop Loss, we’ll only lose $50. I won’t go into the algebra, so here is the final formula: Lot Size = 1 / (SL in Points / (Capital x Risk%)) Lot Size = 1 / (150 / ($1000 * 5%)) = 0.33 Trading 0.33 lot size with a hard Stop Loss of 150, we’ll only lose $50 or 5% of our balance. That’s basic risk management, and it’ll save you headaches from losing money on your trades. Don’t worry about doing the math yourself though, use our bot that auto-calculates your position based on your risk. Happy trading! SEND TRADES FROM TRADINGVIEW TO MT4 www.tradingviewtomt4.com
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by lightfalltrades
EW Analysis: Bullish Emerging Markets May Push EURUSD HigherHello traders! Today we will talk about emerging markets(EEM) and EURUSD. As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks. Emerging markets can be trading in a three-wave (A)-(B)-(C) recovery up to 61,8% Fibonacci retracement and 46 area, especially after that break out of the corrective channel, so in our opinion EEM may easily stay in the bullish trend. At the same time we can see strong and impulsive recovery on EURUSD, which is telling us that the temporary bottom can be in place and a bigger three-wave (A)-(B)-(C) correction can be underway up to 1.15 - 1.18 area, mainly because of break out of the wedge pattern (ending diagonal). Notice that these are daily charts and they may take some time to completely unfold, so don't get confused on the smaller time frame charts. We just want to give you an idea, where the markets can be headed long/mid-term. Be humble and trade smart! If you like our analysis, then please give us a like and share it! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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by ew-forecast
5
EURUSD longEURUSD seems to setting up for a long move in the next few days. - Price has been in a nice uptrend since 2nd october, and is just retesting the previous higher high. - Price is also using the 50ema in the 1 hour as a dynamic support. How I will enter: I will be waiting for price to push a little bit lower and form wicked candles. USDCAD is also approaching one of my resistance zones, if rejected price could potentially fall back down to the 1.32 - 1.18 region which will confirm this trade.
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by MustafaMuhammad
PREDICION FRIDAY - EURUSD wedge breakoutTraders, First REMEMBER: These predictions are just for the fun. And are not actually trade's i look to take. It is for building my discretion into the markets and note things to keep improving my trading. ENJOY! :) Daily: The daily price is very bearish and putting in some desceleration candle's. This usually means the bulls are getting out of their positions which means selling pressure. The price is near the descending trendline which is pretty respected during the previous outside returns. This is also a nice indication. The price also touched the 50% retracement. The 50% retracement is not a fibonacci number but it is very respected in the markets. The 20 EMA Is also touched with an Doji signal. 240: The price is creating a nice wedge pattern. The 50% retracement is hit with a rejection candle with a big wick on the upside of the candle which means sellers where active after the bulls where pushing the price up! The 100 EMA seems is also respected. Potential entry: It could be an entry after the wedge pattern is broken to the downside. Potential targets: Targets i would've looked to set into the next previous support. (The red line, scroll to the left to see the support) Potential stoploss: Stoploss i would've look to set 1 ATR (240 chart) above the high of this potential retracement. This because than i put my SL above all these levels i used for my intial analysis.
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by TimBrent