Daily EUR/USD trades

Fellas, 1 request. As a thread starter I would like to request 95% EUR/(USD) related commentary, if you are mentioning other pairs, then perhaps explain how it is related to EUR/USD. It's all done in an effort not to clatter up the thread with irrelevant info to EUR/USD.

Thanks :)
 
Quote from romik:

Fellas, 1 request. As a thread starter I would like to request 95% EUR/(USD) related commentary, if you are mentioning other pairs, then perhaps explain how it is related to EUR/USD. It's all done in an effort not to clatter up the thread with irrelevant info to EUR/USD.

Thanks :)
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OK...Sorry about that
 
Quote from piplover:

thanks romik,

does it require that 3 bounces to make it valid or just any rising/falling macd/histogram will do?

and what is the success rate like for this type of pattern?

thanks again
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another example of the pattern, where as you can see there was a substantial fake move (working the stops), but later on still provided upside. My view is that a pattern is really good, but you will still need to manage the trade.
 

Attachments

Quote from romik:

Long EUR/USD 1.3074
Short USD/JPY 118.12
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-12/-9

will re-enter long on another signal, actual pattern was good for ~40 pip gain in EUR/USD or double that if shorting USD/JPY at the same time. If the trend was still strong on longer TFs, then this pattern could have well provided anything 100+ pips, unfortunately currently there is confusion IMO as to what's happening, are we long, are we short?
 
think is a great buying opportunity, right at the bottom of the flag formation. No doubt a cluster of stops under 1.3050 will be easy to take out but I really expect it to hold above that level by end of day.
 
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