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- Alorente replied Jun 10, 2024
This is where I think we are once EU broke the expanding formation (Green lines). There could be a bounce to test the bottom side of the formation to around 1.0790 / 1.0800 but you cannot count on it (monthly pivot). It is better to wait for it on ...
EURUSD only
- Alorente replied Jun 7, 2024
I feel today´s NFP numbers, especially the 0.4% increase on wages, takes the July FED cut completely off the table and possibly September too. Add to this the bounce back in ISM services and it is hard to picture things changing in the next 3 months ...
New Cable Thread & Other Pairs
- Alorente replied Jun 7, 2024
We may well get that close under the monthly pivot today...
New Cable Thread & Other Pairs
- Alorente replied Jun 7, 2024
I´m short since 1.0890. Would you hold into next week or close today and reopen on Monday on pullback?
New Cable Thread & Other Pairs
- Alorente replied Jun 1, 2024
Hi Ata. Here is an image edited version of your chart that expresses what I believe is likely to happen at some point this week, Not necessarily on Monday, though... We´ll see...
EURUSD only
- Alorente replied May 30, 2024
I am currently short since 1.0850. Exiting right at the confluence of the Red, Yellow and Green lines on the chart: 1.0725
EURUSD only
- Alorente replied May 30, 2024
A or B? That is the question... But, there is an important difference between the original A and B and where we are now on your chart. When the original A happened, the MACD was crossing over the signal line and flashing a Sell Signal. When B ...
EURUSD only
- Alorente replied May 27, 2024
Hi BestTraderEv Over the years, I have tested many different pairs of moving averages to help in determining trend and timing of entry and exit. A couple of years ago I settled on this pair of MA´s which I have been using ever since: Period=20. ...
I will code your EAs and Indicators for no charge
- Alorente replied May 17, 2024
What does the Butterfly say for a target?
New Cable Thread & Other Pairs
- Alorente replied May 15, 2024
By Wash you mean take out the high and by Rinse close the H1 candle below the previous high?
New Cable Thread & Other Pairs
- Alorente replied May 15, 2024
Hi Pedro. What do you mean by W&R ? Thanks
New Cable Thread & Other Pairs
- Alorente replied May 14, 2024
I am short at 1.0820. I will add more Sells higher. I believe the top of this move could be around 1.0830. My target is 1.0690.
EURUSD only
- Alorente replied May 10, 2024
Look at how the D1 SMA (Pink line) rejected price on NFP day (H4 chart). After that it got close to it several times and backed off. I am not saying it will not break it, but it will not be easy.
EURUSD only
- Alorente replied May 10, 2024
You also have the Daily 200 SMA at 107.92 EurUsd usually has trouble with it.
EURUSD only
- Alorente replied May 10, 2024
At this point, this is what we have: Expanding formation A (continuation formation) is Bullish if top line is broken. Expanding formation B (continuation formation), contained within A is Bearish if bottom line is broken. This one should resolve ...
EURUSD only
- Alorente replied May 6, 2024
Good Morning. My longer term view on EurUsd is slowly changing. I am more inclined now to accept the scenario of consolidation to the 1.0680 to 1.0690 level, followed by a break to the upside of the downward expanding formation and on to 1.1000 and ...
EURUSD only
- Alorente replied Apr 26, 2024
I now consider 1.0700 has been tested and not broken. It can try again, but there is potential for higher here.
EURUSD only
- Alorente replied Apr 26, 2024
I don´t feel good either way. It could go anywhere in my view, so it probably will stay around where it is. I´m staying out of this one.
EURUSD only
- Alorente replied Apr 26, 2024
Out of the shorts at 1.0715 for 50 pips. Better than nothing I guess... Will sit on my hands until after the Red news.
EURUSD only