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  • #110,961
  • Jun 19, 2020 5:09am Jun 19, 2020 5:09am
Sold @ 1.12172 while waiting for the sell limit @ 1.12330 to activate. I.e if we get there
Tp@ 1.11413
Sl @ 1.12630
Risk comes from not knowing what to do
  • #110,962
  • Jun 19, 2020 5:32am Jun 19, 2020 5:32am
If no 1hr closes below 1.1211, then buys are fine. If it closes below i'll close my long and look for sells. 1.1217 is resistance now. Bulls need to break above it.
It's holding. 1.1217. I'll wait for this hr candle to close in 30mins.
  • #110,963
  • Jun 19, 2020 5:54am Jun 19, 2020 5:54am
If this 1hr closes below 1.1195, it'll pull back 1.1206 -1.1211.
  • #110,964
  • Jun 19, 2020 6:12am Jun 19, 2020 6:12am
I wonder why many people talk "If this candle close below/up xxxx it will go up/down", while the truth is it all depends on big market player whether they want to make it up or down depends on their agenda.
Is there any consistent technical analysis that provide consistent accuracy?
The answer is no.
That's why at the same time there will always at least 2 analysis that shows different movement (up/down/netral).

What is your technical analysis consistency rate?
Or it just game of probability and you trading within the trading interval without actually know where the price will go?
If so, why so sure talking if the candle close up/down certain level?
Why don't we talk the probability of the candle to be up/down this level is xx%.

Just my 2 cents.
  • #110,965
  • Jun 19, 2020 6:19am Jun 19, 2020 6:19am
Quoting Griffinx
I wonder why many people talk "If this candle close below/up xxxx it will go up/down", while the truth is it all depends on big market player whether they want to make it up or down depends on their agenda. Is there any consistent technical analysis that provide consistent accuracy? The answer is no. That's why at the same time there will always at least 2 analysis that shows different movement (up/down/netral). What is your technical analysis consistency rate? Or it just game of probability and you trading within the trading interval without actually...


you are right.

I don’t see any reason why one has to show so much confidence in saying that.

this candle closes below this or that, we all know that it’s all a prediction.
there are lots of newbies out here who look into that, I guess it would be nice if we all end it with a tag “based on my prediction”


#Blues
#Stay blue. /swinger/scalper/
  • #110,966
  • Jun 19, 2020 6:32am Jun 19, 2020 6:32am
Quoting Griffinx
I wonder why many people talk "If this candle close below/up xxxx it will go up/down", while the truth is it all depends on big market player whether they want to make it up or down depends on their agenda. Is there any consistent technical analysis that provide consistent accuracy? The answer is no. That's why at the same time there will always at least 2 analysis that shows different movement (up/down/netral). What is your technical analysis consistency rate? Or it just game of probability and you trading within the trading interval without actually...
Pure prediction.. Take it or leave it..

Stay Green
Focus only on what truly matters!
  • #110,967
  • Jun 19, 2020 6:38am Jun 19, 2020 6:38am
Quoting Griffinx
I wonder why many people talk "If this candle close below/up xxxx it will go up/down", while the truth is it all depends on big market player whether they want to make it up or down depends on their agenda. Is there any consistent technical analysis that provide consistent accuracy? The answer is no. That's why at the same time there will always at least 2 analysis that shows different movement (up/down/netral). What is your technical analysis consistency rate? Or it just game of probability and you trading within the trading interval without actually...
IMHO i think the prediction is valid since eur/usd is home of algo trading.
So pure TA played big roles in this currency.
  • #110,968
  • Jun 19, 2020 6:41am Jun 19, 2020 6:41am
Quoting selfrit
{quote} IMHO i think the prediction is valid since eur/usd is home of algo trading. So pure TA played big roles in this currency.
So, may I know what is the most successful and consistent algo trading rate?
  • #110,969
  • Jun 19, 2020 6:41am Jun 19, 2020 6:41am
Quoting Ata-Turkoglu
{quote} Pure prediction.. Take it or leave it.. Stay Green
Sure sir, just like betting.
Cheers.
  • #110,970
  • Jun 19, 2020 6:56am Jun 19, 2020 6:56am
Quoting Griffinx
{quote} Sure sir, just like betting. Cheers.
I don't see it that way, here you work with the greatest probabilities. this is not a coin flip but the greatest chance of earning money.
the highest point comes before the fall
  • #110,971
  • Jun 19, 2020 7:01am Jun 19, 2020 7:01am
Let's leave nonsense topics aside and focus on EURUSD.. Thanks

Stay Green
Focus only on what truly matters!
  • #110,972
  • Jun 19, 2020 7:01am Jun 19, 2020 7:01am
Quoting Griffinx
{quote} So, may I know what is the most successful and consistent algo trading rate?
Just go back to some of the posts by the fellows here and you'll find out the trading rate and consistency rate.

I'm requesting you. YOU'LL BE SURPRISED.

Without doing so, please don't mention about the predictions and rates on your future posts.

Just a suggestion.
  • #110,973
  • Jun 19, 2020 7:07am Jun 19, 2020 7:07am
ahead of the closing of the weekly candle, stay alert ... anything can happen :3
https://investizo.com/investment/view?server=1&login=2141779119
  • #110,974
  • Jun 19, 2020 7:14am Jun 19, 2020 7:14am
H1 Status Update

Mostly a sideways day.. RED TL was never breached and price still below 1.12155.. But day is not over yet so let's see what NY session has to say..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 27 KB
Focus only on what truly matters!
  • #110,975
  • Jun 19, 2020 7:31am Jun 19, 2020 7:31am
Got in yesterday on an emotional trade after a loss, bought in at 1.2025 (fear/greed). Went sideways all night just cashed out with the recent move above 1.2200 (panic/fear/greed/uncertainty).
I'm not seeing things very clearly so going to wait it out to see if the bearish trend continues or if this upwards move has any momentum.

Weak dollar might mean higher stock prices and a continual run up of the US stock market which would be a bullish EUR/USD fundamental so I'm trying to figure pit the long term trend at least til the November election. If negative interest rates take place the US prior to November this should affect the pair and could be bullish for the EUR/USD. Really don't know the direction yet but my fundamental outlook is bullish for the DOW and S&P so this might mean weak dollar? any thoughts?

Love reading your posts and thanks for sharing your expertise! Hope everyone is blessed with some gains!
  • #110,976
  • Jun 19, 2020 7:37am Jun 19, 2020 7:37am
This is big cinema!

Now break 1.126 and fly to the moon. 1.13316
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #110,977
  • Jun 19, 2020 7:38am Jun 19, 2020 7:38am
Quoting Traderview
Buy @1.1207 Sl @ 1.1180 TP open. Expecting it to hit 1.1250
Closed 2 shorts exactly @1.1250. As expected.

Sidelines.
  • #110,978
  • Jun 19, 2020 7:41am Jun 19, 2020 7:41am
Quoting Traderview
{quote} Closed 2 shorts exactly @1.1250. As expected. Sidelines.
Well done!
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #110,979
  • Jun 19, 2020 7:41am Jun 19, 2020 7:41am
This upward movement limited to 1.1292. Not seeing a sustainable trades above 1.13.
If this 4hr closes below 1.1245, i dont think any upward movement today.
  • #110,980
  • Jun 19, 2020 8:00am Jun 19, 2020 8:00am
Wasn't expecting a spike but 2nd sell limit activated @ 1.12330
Risk comes from not knowing what to do
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