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  • #1,155,081
  • May 2, 2019 10:13am May 2, 2019 10:13am
Quoting MrPresident
{quote} the guy in the movie went crazy in the end because he tried to look for patterns that don't exist many traders get stuck in this same cycle of account balance destruction
It's all about supply/demand.
  • #1,155,082
  • May 2, 2019 10:44am May 2, 2019 10:44am
Quoting Coreg2004
{quote} Moty, (good to see you here)...if a prior move to the upside was indeed W1)-(5) I expect A-B-C correction and then another move to the upside to form zig-zag pattern...why do you think it will go below low established on 04.26 ? {image}
i agree my friend
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yes yes yes
  • #1,155,083
  • May 2, 2019 10:47am May 2, 2019 10:47am
Quoting aeternum
{quote} Has it occurred to you that patterns were created by people who simply wanted strongly to believe in something that works for them? This might sound familiar to you if you pray
Possibly, patterns traders want to have a structure of their trading, which also will keep our emotions in check and away from guessing the direction of the market. By trading based on the patterns (Elliot Waves, harmonics, etc.) we will know where are we wrong...Elliott wrote: "A cyclical pattern or measurement of mass psychology is 5 waves upward and 3 waves downward, total 8 waves. These patterns have forecasting value-when 5 waves upward have been completed, 3 waves down will follow, and vice versa"...I am not here to tell anyone that my approach to trading is "The way to trade" it's just me. Good luck with your trading. Nice talking to you.
Always trade your own plan...I don't provide trading signals.
  • #1,155,084
  • May 2, 2019 10:53am May 2, 2019 10:53am
Quoting Coreg2004
{quote} Possibly, patterns traders want to have a structure of their trading, which also will keep our emotions in check and away from guessing the direction of the market. By trading based on the patterns (Elliot Waves, harmonics, etc.) we will know where are we wrong...Elliott wrote: "A cyclical pattern or measurement of mass psychology is 5 waves upward and 3 waves downward, total 8 waves. These patterns have forecasting value-when 5 waves upward have been completed, 3 waves down will follow, and vice versa"...I am not here to tell anyone that...
Even though Elliot didn't make any money in the markets with his theories.
Don't Worry Be Happy
  • #1,155,085
  • May 2, 2019 10:58am May 2, 2019 10:58am
Quoting Techanalyst
{quote} It's all about supply/demand.
if wife does not supply and demand is more then ............ ?
  • #1,155,086
  • May 2, 2019 11:01am May 2, 2019 11:01am
Quoting PatienceFx
{quote} if wife does not supply and demand is more then ............ ?
just change the currency pair and look elsewhere
  • #1,155,087
  • May 2, 2019 11:03am May 2, 2019 11:03am
first quarter low 1176 did not break [ march low ]
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  • #1,155,088
  • May 2, 2019 11:07am May 2, 2019 11:07am
Quoting PatienceFx
{quote} if wife does not supply and demand is more then ............ ?
Demand decreases, and supply increases, and/or Demand increases, and supply decreases.
As the price of a product rises, its supply rises because producers are more willing to manufacture the product because it's more profitable now.

Competitive supply: If a producer switches from producing A to producing B, the price of A will fall and hence the supply will fall because it's less profitable to make A.

Joint supply: A rise in one product may cause a rise in another. For instance, a rise in the price of wooden bedframes may cause a rise in the price of wooden desks and chairs. This means supply of wooden bedframes, chairs and desks will rise because it's more profitable.

Demand:
Similar to supply, there is a relationship between price and demand; the more people want, the more it will cost, if the supply remains the same. To return to our example of houses, let's say there are 15 people selling houses, and 10 buying; the buyers have more influence on the sellers, and the prices will be low. If 5 more people decide to buy houses, then the price will go up, and if another 5 decide to buy one of these houses, the price will climb even further. Thus when demand is high, the price goes up and consequently the supply contracts; and when the demand is low, the supply expands while the prices go down.
The inverse here is true as well; if people will sell their house for less, they will find more people interested in buying. The reason why demand behaves this way is fairly obvious: people are more willing to buy more of a good, or buy the good more often if the good becomes cheaper. Likewise, when a good is on sale, or its prices drop, people will become more willing to spend money on it.

Not sure if you're going to understand this, because you have magic trend lines all over your charts, but it takes a lot of practice and understanding to trade supply/demand. Once you get it, it's very profitable.
  • #1,155,089
  • May 2, 2019 11:15am May 2, 2019 11:15am
Quoting Techanalyst
{quote} Demand decreases, and supply increases, and/or Demand increases, and supply decreases. As the price of a product rises, its supply rises because producers are more willing to manufacture the product because it's more profitable now. Competitive supply: If a producer switches from producing A to producing B, the price of A will fall and hence the supply will fall because it's less profitable to make A. Joint supply: A rise in one product may cause a rise in another. For instance, a rise in the price of wooden bedframes may cause a rise in...
i did my masters in economics, yes its tough to understand
  • #1,155,090
  • May 2, 2019 11:18am May 2, 2019 11:18am
Quoting PatienceFx
{quote} i did my masters in economics, yes its tough to understand
I'm sure you did. I bet it did not cost that much to buy it either
  • #1,155,091
  • May 2, 2019 11:21am May 2, 2019 11:21am
Hi All - Bored Going to have a pop. shorting 1.1181 stop 1.1185 this is 50/50.
Don't trade what you think. Just what you see!!!
  • #1,155,092
  • May 2, 2019 12:09pm May 2, 2019 12:09pm
Quoting Theoak
Hi All - Bored Going to have a pop. shorting 1.1181 stop 1.1185 this is 50/50.
Closing it down Manually. small profit.
Don't trade what you think. Just what you see!!!
  • #1,155,093
  • May 2, 2019 12:19pm May 2, 2019 12:19pm
Quoting wasntme
ive got buy orders at 1175 and 1154....lasts months close was bullish in my outlook so gona look to buy dips the next 2 months

welp im long at 1175....kept my order at 1154 and will buy if we go up from here
buy the rumor,sell the news
  • #1,155,094
  • May 2, 2019 12:29pm May 2, 2019 12:29pm
Still shorting and scalping this slippery animal on any pullback.
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  • #1,155,095
  • May 2, 2019 12:36pm May 2, 2019 12:36pm
Quoting PatienceFx
{quote} completely free http://www.instantdegrees.com/
Well my degree was totally free and they paid me to go. The Politicians are now saying that the young have got to pay for further education!!! The best part is they had it free (when they went)!!!! In my opinion a country should invest in its people!!! If it costs 150K to train a Doctor..... say he saves one life. Then this is money well spent. Especially if it is you he saves!!!!!
Don't trade what you think. Just what you see!!!
  • #1,155,096
  • May 2, 2019 12:40pm May 2, 2019 12:40pm
Quoting Theoak
{quote} Well my degree was totally free and they paid me to go. The Politicians are now saying that the young have got to pay for further education!!! The best part is they had it free (when they went)!!!! In my opinion a country should invest in its people!!! If it costs 150K to train a Doctor..... say he saves one life. Then this is money well spent. Especially if it is you he saves!!!!!
Ignore that website. That is useless and scam.
  • #1,155,097
  • May 2, 2019 12:41pm May 2, 2019 12:41pm
Quoting C-12
Still shorting and scalping this slippery animal on any pullback. {image} {image}
I shorted GBPUSD still holding sell positions.
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  • #1,155,098
  • May 2, 2019 12:46pm May 2, 2019 12:46pm
Quoting Techanalyst
{quote} I shorted GBPUSD still holding sell positions. {image}
Got similar on GU, was burned a few times shorting it earlier this week but should hopefully topple along with EU.
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  • #1,155,099
  • May 2, 2019 12:50pm May 2, 2019 12:50pm
Quoting fontu
Looking for 1173 or below a little for next action. Also i see great news next hour, so carefull.petfect pa so far! {image} {image}
Good play today, 1173 breaks down and may look for great bull next, nearest support 1154/47.
Usdx top playing for possible great crash next time! Waiting!
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,155,100
  • May 2, 2019 12:51pm May 2, 2019 12:51pm
Quoting Techanalyst
{quote} I shorted GBPUSD still holding sell positions. {image}
I'm in agreement with you. I'd short Cable, but I have to go out. Think it will go down to aprox 1.2977. Good Luck!!!!
Don't trade what you think. Just what you see!!!
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