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  • #1,173,161
  • Jun 22, 2020 1:21pm Jun 22, 2020 1:21pm
Quoting mistaouting
{quote} Im looking at higher lows&highs on h4, bullish engulfing last month and what seems to be a bullish month this month depending on next several days 200& 50 near crossing on daily only thing I don't like is how price acts after a touch 200 weekly sma...nice drop follows past 4 times....so this "could" be a bull trap and I get why it could be "potentially" bearish I'm out now only to avoid draw down and observe price action into the Asian & London session, still bullish! {quote} 4h shows bearish direction past several days as would daily obviously....question...

Market dont know what monday is. And does not label monday wacky. We have dry fridays and other days too. Today monday USD dropp 100 pip against many pairs if you pay attention closely. I would not say today is a fake break out like friday. And if you base monday “wacky” and trade upon that. It will easily swallow you.

keep it simple, and trade according to your analysis whether what day it is. Any day can be volatile.
trade safe.
Trade what you see, take what the market gives you.
  • #1,173,162
  • Jun 22, 2020 1:25pm Jun 22, 2020 1:25pm
I think we will see 1.13 soon.... I'm not shorting this as I think the fundamentals for a weaker USD is the long play for
the summer/fall equities markets. I don't see a strong dollar helping the current gold/silver/oil prices which are all abnormal.

Abnormal times, yet a normal US stock market doesn't give me confidence this makes a strong dollar.
The problem is the Euro zone is in the same situation really to the point of being on "par" when weighing fundamental issues.

A strong Euro makes a strong Eurozone so it makes sense for the pair to to rise.
  • #1,173,163
  • Jun 22, 2020 1:39pm Jun 22, 2020 1:39pm
Quoting mistaouting
{quote} 4h shows bearish direction past several days as would daily obviously....question is and as he said...is this just a "monday" thing not to answer for him, but just my translation on what he said i see on chart EDIT: very well could be a wacky Monday thing...time will tell...but i doubt it....this seems like technical and fundamental movement
4Hr shows bearish direction?? A Monday thing. Really? wacky Monday. Really. The point is to trade it day by day, Lower to higher time frames are swinging. Cheers
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  • #1,173,164
  • Jun 22, 2020 1:48pm Jun 22, 2020 1:48pm
Quoting VuLe
{quote} Market dont know what monday is. And does not label monday wacky. We have dry fridays and other days too. Today monday USD dropp 100 pip against many pairs if you pay attention closely. I would not say today is a fake break out like friday. And if you base monday “wacky” and trade upon that. It will easily swallow you. keep it simple, and trade according to your analysis whether what day it is. Any day can be volatile. trade safe.
lol thanks however I was referencing someone else!

I'm sure the market knows what day it is....market can behave certain ways based on certain days....what someone wants to call it don't matter I can assume what they mean... no technical terms I know of...if someone says "whacky Monday" I can assume what they mean

If trading was only SOOO simple lol.....

NO you definitely should be in tune with the days of the week when trading IMO...how important to an individual IDK...personal preference but I use every edge I can when trading

For example
knowing market sentiment & risk apatite makes a difference on how you trade on certain days like a Monday & Friday
Knowing a Sunday and Monday could cause price price to go up as traders get back into long & short positions that they may have closed out on Friday to reduce risk from the weekend..."POSSIBLY" TODAY which why "I could" understand why someone else called it "wacky Monday" although I didn't agree because I think this bullish move is real
Knowing "witching days"...
Even things like volume could be based on what day it is like a Friday and Monday

Lots of reasons days are important.....
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  • #1,173,165
  • Jun 22, 2020 1:51pm Jun 22, 2020 1:51pm
Quoting mistaouting
{quote} lol thanks however I was referencing someone else! I'm sure the market knows what day it is....market can behave certain ways based on certain days....what someone wants to call it don't matter I can assume what they mean... no technical terms I know of...if someone says "whacky Monday" I can assume what they mean If trading was only SOOO simple lol..... NO you definitely should be in tune with the days of the week when trading IMO...how important to an individual IDK...personal preference but I use every edge I can when trading For...
ahh I see. But yeah, there are days where usd run more consistently. I agree with you.
Trade what you see, take what the market gives you.
  • #1,173,166
  • Edited 2:03pm Jun 22, 2020 1:53pm | Edited 2:03pm
Quoting Wavegarrick
{quote} 4Hr shows bearish direction?? A Monday thing. Really? wacky Monday. Really. The point is to trade it day by day, Lower to higher time frames are swinging. Cheers {image}
I cant speak for how that person trades how for back they may reference on the H4 TF but if you look at your chart its clearly a downtrend the previous 30 something H4 bars....

so I could understand why someone may consider that trend to continue!

maybe its not so obvious....

I try to see what other people see and understand there reason and logic....so when that person said they were bearish and gave those TF frames i tried to see why and what they meant as well as presented my reason for my bullish bias

EDIT: look at your chart you even seem to have lines drawn on the chart that are clearly decending....how could it be so difficult to understand what what they meant by the H4 being bearish?

EDIT: some people trade it minute by minute or month by month
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  • #1,173,167
  • Jun 22, 2020 2:01pm Jun 22, 2020 2:01pm
Quoting mistaouting
{quote} I cant speak for how that person trades how for back they may reference on the H4 TF but if you look at your chart its clearly a downtrend the previous 30 something H4 bars.... so I could understand why someone may consider that trend to continue! maybe its not so obvious.... I try to see what other people see and understand there reason and logic....so when that person said they were bearish and gave those TF frames i tried to see why and what they meant as well as presented my reason for my bullish bias EDIT: look at your chart you even...
This is typical from institutions to have everyone jump to buy and soon they will dump EURUSD and it is going to knock out all the stop losses. By the time retail realizes it is bearish, they will start selling but by that time EURUSD will turn bullish and so on and on and on. Same thing all the time, the problem is majority of retail traders will never learn. They will always have retail trader mind set and unfortunately they will never learn and keep on losing money.
  • #1,173,168
  • Jun 22, 2020 2:09pm Jun 22, 2020 2:09pm
Quoting Techanalyst
{quote} This is typical from institutions to have everyone jump to buy and soon they will dump EURUSD and it is going to knock out all the stop losses. By the time retail realizes it is bearish, they will start selling but by that time EURUSD will turn bullish and so on and on and on. Same thing all the time, the problem is majority of retail traders will never learn. They will always have retail trader mind set and unfortunately they will never learn and keep on losing money.
I can understand...but this move seems real and likely to continue...with pullbacks/corrections that will probably knock out some stops....but you could also be right and the ones who think its just a stop hunt and try to stay in it gets drained.

Im out until I see fit to get back in....and who knows....may get to see if you were right while on the sideline not loosing money

But I am still bullish and I could see your reasoning also! All it takes is a crazy news headline and the bears are back...but market seems like its ready to make some money and the USD not giving best return currently
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  • #1,173,169
  • Jun 22, 2020 2:17pm Jun 22, 2020 2:17pm
Quoting Techanalyst
{quote} This is typical from institutions to have everyone jump to buy and soon they will dump EURUSD and it is going to knock out all the stop losses. By the time retail realizes it is bearish, they will start selling but by that time EURUSD will turn bullish and so on and on and on. Same thing all the time, the problem is majority of retail traders will never learn. They will always have retail trader mind set and unfortunately they will never learn and keep on losing money.
Nope sir,
What makes you think that there is anything different in the markets?. When you think it is going down it will knock you out - 6 love. We are at a point where shorts could be knocked out to a point where many will be liquidated. We take it day by day.
Cheers.
Trade to trade another day
  • #1,173,170
  • Jun 22, 2020 2:35pm Jun 22, 2020 2:35pm
Quoting Wavegarrick
{quote} Nope sir, What makes you think that there is anything different in the markets?. When you think it is going down it will knock you out - 6 love. We are at a point where shorts could be knocked out to a point where many will be liquidated. We take it day by day. Cheers.
Care to share why you think its going up?

Can't say I have seen you post any analysis here within the past several months. I'm sure traders here would value your input. I do remember you posting here once but I think it had a similar theme to your post here now. I more so remember you sharing very good info on the EURUSD Only
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  • #1,173,171
  • Jun 22, 2020 2:59pm Jun 22, 2020 2:59pm
Quoting mistaouting
{quote} Care to share why you think its going up? Can't say I have seen you post any analysis here within the past several months. I'm sure traders here would value your input. I do remember you posting here once but I think it had a similar theme to your post here now. I more so remember you sharing very good info on the EURUSD Only
Hi Mistaouting,
Here is my thing, as a rule, I generally don't post due to my past experiences here. I have to say though that I like to help traders especially when I feel I can be of some sort of benefit. As for Eu going up, I leave it at my analysis which you can find on my profile. I don't duplicate.

Anyway, leave it at that.
Cheers
Trade to trade another day
  • #1,173,172
  • Jun 22, 2020 4:20pm Jun 22, 2020 4:20pm
Newbie! How much have you made today.
99.9% persistence
  • #1,173,173
  • Jun 22, 2020 4:29pm Jun 22, 2020 4:29pm
Major currencies vs dollar looking to boost some 60 pips from now for longs take profiting and shorts executed from there...Enjoy!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,173,174
  • Jun 22, 2020 4:55pm Jun 22, 2020 4:55pm
Will wait for tomorrow. Possible that this will go up a bit more. Will add more sell positions. Same with GBPJPY will add more sell positions. Waiting for NZDCAD to give me some kind of signal to enter short. That's it for now. Trade safe.
  • #1,173,175
  • Jun 22, 2020 6:03pm Jun 22, 2020 6:03pm
Quoting MrBullBear
{quote} I am now short.. {image}
Closed it and now observing the PA. Will take action as it shows more clarity.
Only an idiot knows with certainty to where the market is going.
  • #1,173,176
  • Jun 22, 2020 6:34pm Jun 22, 2020 6:34pm
Quoting MrBullBear
{quote} Closed it and now observing the PA. Will take action as it shows more clarity.
This is why I don’t exit my position. Because idk if there will he any pull back. If there isn’t I am out and will have to look to get back on. Eu seem to about to launch up and away.

added another long at 1.1260
Trade what you see, take what the market gives you.
  • #1,173,177
  • Jun 22, 2020 6:43pm Jun 22, 2020 6:43pm
Quoting VuLe
{quote} This is why I don’t exit my position. Because idk if there will he any pull back. If there isn’t I am out and will have to look to get back on. Eu seem to about to launch up and away. added another long at 1.1260
I just tried to scalp some pullback but flat. Not very often it happen. Will continue and re scalp short to the next level and see if that flat happen again. If it does... It's ok, it won't hurt. Lol
Only an idiot knows with certainty to where the market is going.
  • #1,173,178
  • Jun 22, 2020 6:45pm Jun 22, 2020 6:45pm
Quoting MrBullBear
{quote} I just tried to scalp some pullback but flat. Not very often it happen. Will continue and re scalp short to the next level and see if that flat happen again. If it does... It's ok, it won't hurt. Lol
This will probably go to 1.1350 before the news. Than going back down 100 pips +.
  • #1,173,179
  • Jun 22, 2020 6:49pm Jun 22, 2020 6:49pm
Quoting Techanalyst
{quote} This is typical from institutions to have everyone jump to buy and soon they will dump EURUSD and it is going to knock out all the stop losses. By the time retail realizes it is bearish, they will start selling but by that time EURUSD will turn bullish and so on and on and on. Same thing all the time, the problem is majority of retail traders will never learn. They will always have retail trader mind set and unfortunately they will never learn and keep on losing money.
seems so complicated. Keep it simple. Analysis shows a bounce. Buy. Now up 100pip. What is this fake you are talking about. . You see Fridays move vs today? Completely different. Yeah, I may be trapped and lose +20pip guaranteed :/.


Quoting Techanalyst
Will wait for tomorrow. Possible that this will go up a bit more. Will add more sell positions. Same with GBPJPY will add more sell positions. Waiting for NZDCAD to give me some kind of signal to enter short. That's it for now. Trade safe.
“possible that this will go up a bit more.” . When will it go up? How much will it go up? Any ideas?? Or wait till it go up and go down and predict the after math. Need more information please. I take every post into consideration.
Trade what you see, take what the market gives you.
  • #1,173,180
  • Jun 22, 2020 6:52pm Jun 22, 2020 6:52pm
Quoting Techanalyst
{quote} This will probably go to 1.1350 before the news. Than going back down 100 pips +.
Let save this post. I predict we may be way above 1.1400. Just looking at my band.
be careful if you are looking to sell, make sure you have sl. Even ninja can die from catching daggers xD.
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Trade what you see, take what the market gives you.
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