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  • #1,162,521
  • Feb 14, 2020 8:36am Feb 14, 2020 8:36am
[quote = Wesleyaso; 12754168] Talvez uma possível correção .. {image} [/ quote]
"The freedom of the other extends mine to infinity"
  • #1,162,522
  • Feb 14, 2020 8:52am Feb 14, 2020 8:52am
1.08 27 is this week's Low, for me. E. bottomed big and next week will see higher prices

Trade safe.

  • #1,162,523
  • Feb 14, 2020 9:12am Feb 14, 2020 9:12am
Quoting F.g
1.08 27 is this week's Low, for me. E. bottomed big and next week will see higher prices Trade safe.
I agree with your conclusion. Bears will fight hard to push the price lower. Hopefully, they will not succeed. They have had their success. It's time for bulls to get a piece of the pie.
Learn from your mistakes and march on.
  • #1,162,524
  • Feb 14, 2020 9:58am Feb 14, 2020 9:58am
Quoting F.g
1.08 27 is this week's Low, for me. E. bottomed big and next week will see higher prices Trade safe.
eu is dropping because of coronavirus and the coming economic slowdown

when dow falls usd gains remember this

i see a large drop in the coming months, 1.05 is just a conservative estimate
  • #1,162,525
  • Edited 10:24am Feb 14, 2020 10:09am | Edited 10:24am
Quoting PatienceFx
{quote} eu is dropping because of coronavirus and the coming economic slowdown when dow falls usd gains remember this i see a large drop in the coming months, 1.05 is just a conservative estimate
That is merely a conjecture. There is no proof that is the reason why the selling pressure is so strong on this pair. News has far less impact on the Forex market than most people believe. And even if it is true that it's being impacted by this, I don't think it is enough to justify the strong selling pressure we have been experiencing. The EURO has been in strong decline long before the coronavirus showed up. I think it is more reasonable to conclude that strong players in the market are driving prices lower to take out stops and buy back in at much lower prices.
Learn from your mistakes and march on.
  • #1,162,526
  • Feb 14, 2020 10:42am Feb 14, 2020 10:42am
Quoting here2there
{quote} That is merely a conjecture. There is no proof that is the reason why the selling pressure is so strong on this pair. News has far less impact on the Forex market than most people believe. And even if it is true that it's being impacted by this, I don't think it is enough to justify the strong selling pressure we have been experiencing. The EURO has been in strong decline long before the coronavirus showed up. I think it is more reasonable to conclude that strong players in the market are driving prices lower to take out stops and buy back...
strong player concept is bs

even sorros does not have the power top move eu 10 pips against trend

next week eu will continuie this decline --= DO NOT BUY
  • #1,162,527
  • Feb 14, 2020 10:55am Feb 14, 2020 10:55am
Quoting PatienceFx
{quote} strong player concept is bs even sorros does not have the power top move eu 10 pips against trend next week eu will continuie this decline --= DO NOT BUY
Manipulation does happen in the markets.

And FYI, when I speak of "strong players," I am not talking about retail traders.
Learn from your mistakes and march on.
  • #1,162,528
  • Feb 14, 2020 10:57am Feb 14, 2020 10:57am
Quoting here2there
{quote} That is merely a conjecture. There is no proof that is the reason why the selling pressure is so strong on this pair. News has far less impact on the Forex market than most people believe. And even if it is true that it's being impacted by this, I don't think it is enough to justify the strong selling pressure we have been experiencing. The EURO has been in strong decline long before the coronavirus showed up. I think it is more reasonable to conclude that strong players in the market are driving prices lower to take out stops and buy back...
When a pair is oversold and then some, it always corrects itself and swing back. Thats how it always is. The hard part is to predict when and how far up it will go.
  • #1,162,529
  • Feb 14, 2020 11:00am Feb 14, 2020 11:00am
Quoting PatienceFx
{quote} strong player concept is bs even sorros does not have the power top move eu 10 pips against trend next week eu will continuie this decline --= DO NOT BUY
If EU will continue furter down all next week as well, without any significant retrace along the way, that would be for the first time ever that has happened as far as I can tell (21 days in a row). What makes you think that?
  • #1,162,530
  • Feb 14, 2020 11:20am Feb 14, 2020 11:20am
Quoting Daevictus
{quote} If EU will continue furter down all next week as well, without any significant retrace along the way, that would be for the first time ever that has happened as far as I can tell (21 days in a row). What makes you think that?
whenever you post a profitable buy trade ; i will believe you - promise
  • #1,162,531
  • Feb 14, 2020 11:22am Feb 14, 2020 11:22am
Quoting Daevictus
{quote} When a pair is oversold and then some, it always corrects itself and swing back. Thats how it always is. The hard part is to predict when and how far up it will go.
This is true. But there is a reason why prices move to oversold and overbought. It's not just because retail traders are having fun playing with money. Large financial institutions have to move large sums of money. They can't do this all in one sweep but only in stages. Hence the reason for manipulation.

Anna Coulling explains it well in her excellent book: A Complete Guide to Volume Price Analysis
Learn from your mistakes and march on.
  • #1,162,532
  • Feb 14, 2020 11:29am Feb 14, 2020 11:29am
PatienceFx,

Either you are going to be in for a surprise on Monday or I am going to be in for a surprise.

But even if it continues to go down without retracing, I know where it is likely going and why. Here's a hint: look at a weekly chart from FXCM. Make sure you zoom out. Tell me what you see over to your far left. Here's another hint. It's something that usually gets filled.
Learn from your mistakes and march on.
  • #1,162,533
  • Feb 14, 2020 11:47am Feb 14, 2020 11:47am
Quoting here2there
PatienceFx, Either you are going to be in for a surprise on Monday or I am going to be in for a surprise. But even if it continues to go down without retracing, I know where it is likely going and why. Here's a hint: look at a weekly chart from FXCM. Make sure you zoom out. Tell me what you see over to your far left. Here's another hint. It's something that usually gets filled.
sir post one profitable buy trade and i will blindly believe whatever you say

just one , but it should be atleast 100 pips
  • #1,162,534
  • Feb 14, 2020 11:54am Feb 14, 2020 11:54am
and anyways till the time H1 ; 50 & 100 ema are not married again ; I AM NOT BUYING -- PERIOD
  • #1,162,535
  • Feb 14, 2020 11:55am Feb 14, 2020 11:55am
Quoting PatienceFx
{quote} sir post one profitable buy trade and i will blindly believe whatever you say just one , but it should be atleast 100 pips
What makes you think I care all that much if you don't agree with me? I don't have to prove anything to you. Either you will be wrong or you will be right. That's what it all comes down to.

And frankly, it would be foolish of you to blindly believe whatever a person says simply because he can show you that he made 100 pips on a single trade. It's not about pips but about being a consistently profitable trader.

How long have you been trading?
Learn from your mistakes and march on.
  • #1,162,536
  • Feb 14, 2020 11:58am Feb 14, 2020 11:58am
Quoting PatienceFx
and anyways till the time H1 ; 50 & 100 ema are not married again ; I AM NOT BUYING -- PERIOD
That's your choice.

Just keep in mind that higher time frames such as the Daily and Weekly are more reliable for buy or sell signals than are the lower time frames.
Learn from your mistakes and march on.
  • #1,162,537
  • Feb 14, 2020 12:01pm Feb 14, 2020 12:01pm
Quoting here2there
{quote} That's your choice. Just keep in mind that higher time frames such as the Daily and Weekly are more reliable for buy or sell signals than are the lower time frames.
truce , sorry for whatever happened , i will step back
  • #1,162,538
  • Feb 14, 2020 12:04pm Feb 14, 2020 12:04pm
my weekly chart -- a previous low was broken -- cannot buy now whatsoever
Attached Image (click to enlarge)
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  • #1,162,539
  • Feb 14, 2020 12:08pm Feb 14, 2020 12:08pm
Quoting PatienceFx
{quote} truce , sorry for whatever happened , i will step back
No problem.

I make no claims to being a perfect trader. Far from it. But I have spent a great deal of time and money learning how to trade.

I have made many mistakes over the years! Most of those mistakes were the result of believing in rubbish (much of what is taught about Forex). Emotions also played a significant role in failure.

That's why I am so vocal and passionate about sharing what I know. I am just trying to be helpful. Unfortunately, most fellow traders seem to see me as annoying. Lol
Learn from your mistakes and march on.
  • #1,162,540
  • Feb 14, 2020 12:15pm Feb 14, 2020 12:15pm
Quoting PatienceFx
my weekly chart -- a previous low was broken -- cannot buy now whatsoever {image}
Do you see that gap over to your left? It hasn't been filled yet. That, I believe, is where price is going. But before it gets there, I believe a correction will take place. This pair is long overdue for one.

Currently, the volume on the Daily is showing signs of weakness. That could change, of course. But if it doesn't, a retracement will likely follow—up to 1.09262 and possibly as high as 1.09806 or higher.

I have no doubt price will continue to decline at some point. This bear market isn't over!
Learn from your mistakes and march on.
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