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  • #1,176,781
  • Jul 30, 2020 3:50pm Jul 30, 2020 3:50pm
I think very big gap in next monday .... xixixixi
The Average Discount Everything
  • #1,176,782
  • Jul 30, 2020 4:05pm Jul 30, 2020 4:05pm
M seeing d institution giving d bears some pips 2morow.

I won't sell though.

Will luk around 1.1750 - 1.1730 to re enter a buy next week.

Am also seeing a ranging week next week.

Will be scalping longs next week.

GL 2 u all.
  • #1,176,783
  • Jul 30, 2020 4:07pm Jul 30, 2020 4:07pm
Quoting mistaouting
{quote} Which ever way it moves it's not in a straight line..... Depends on how you look at.. a month of green daily candles..... Could have several "corrective waves" if you look at 4h. Nature of the market...moves in cycles... Imbalances of buyers and sellers. Impulsive and corrective waves are a thing...maybe not by definition depending on what you want to call it....but buy concept....even if you don't know what your looking at...it's there! Edit. And still what's normal about these days in time. That is not your typical euro monthly candle...

I think you guys got it all wrong. Euro break out due to many things. They announce their stimulus package, policies and recovery status of their country while US announces nothing but crappy information being that we had another covid 19 breakout. And then you this GDP crap. Of course USD would fall apart.
2. You guys are correct.. EU is do for a recovery.. 1.2500—->1.0750... there was never an actual correction. Take a look on the weekly, only downward wave.

eitherway because you guys expect corrections which is a made up term for “it went to dar up, so its going to go down a bit.”

my question for you is, how far is too far?? Because people been saying too far since 1.0895 breakout to 1.1200 all the way to 1.1400 to 1.1600 and now 1.1800.... how about try and stop looking to sell some correction and look to ride the trend.... I look at weekly and then be like “this is another bull week.” Simply bollinger band open upward. Allow me to make a prediction for the week. Stop looking to sel a top, because there is no top.
Trade what you see, take what the market gives you.
  • #1,176,784
  • Edited 4:29pm Jul 30, 2020 4:08pm | Edited 4:29pm
Damn I'm selling again sure there's a little 6 in here to go down.
EDIT: It's not little it's a big drop and 1970s gonna have to wait a while.
Relative to the channel size should be a huge sell off coming but...
One of the properties of the 6inator is it can be tiny relative to it's counterparts.
Founder of Sutherland Wave Principle
  • #1,176,785
  • Edited 4:44pm Jul 30, 2020 4:30pm | Edited 4:44pm
Quoting VuLe
{quote} I think you guys got it all wrong. Euro break out due to many things. They announce their stimulus package, policies and recovery status of their country while US announces nothing but crappy information being that we had another covid 19 breakout. And then you this GDP crap. Of course USD would fall apart. 2. You guys are correct.. EU is do for a recovery.. 1.2500—->1.0750... there was never an actual correction. Take a look on the weekly, only downward wave. eitherway because you guys expect corrections which is a made up term for “it...

Well I still think this level is obtainable
Quoting mistaouting
I see 1.2xxx in the distant future
I wouldn't say when... But when I said distant future at that time consider we are a little closer now. I think before I had that target ofhof 1.2xxx I had 1800 also.

A correction will happen.... unfortunately euro can't and want go up forever on the day chart.... But she is extremely bullish and there has been some profit taking already but those in position see more room top side

Quoting mistaouting
USD doing that thing stars do before they implode
Issue with USD started long time ago with Feds and rate change to battle what would come from shut down which is happening now

Edit: I'm sure impulsive and corrective waves are technical terms

Note the dates
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  • #1,176,786
  • Jul 30, 2020 4:35pm Jul 30, 2020 4:35pm
I'm expecting dips in two different time frames the massive dip coming around 1970 and a little dip right now before pushing up to 1970/2040.
Founder of Sutherland Wave Principle
  • #1,176,787
  • Jul 30, 2020 4:36pm Jul 30, 2020 4:36pm
Looking for a 61.8 retrace and rejection of this new high to kick off the little bear gartley here...
Founder of Sutherland Wave Principle
  • #1,176,788
  • Jul 30, 2020 4:41pm Jul 30, 2020 4:41pm
Not to mention going back and forth with someone here on how to trade a bull flag.....most could have assumed this move up was coming way back in June.

I can and will go back to quote what I said. But the daily chart shows the "impulse" move up starting in June at which point it started to form a bull and a "corrective" wave then consolidating into the outcome from eu PPE plan.

Most traders should know that the after the break out from the bull flag the next move up would be about equal to the previous move up before the flag formation.

Quoting mistaouting
{quote} I think you have a couple hours of lower lows....that's why I said earlier to get ready for a bumpy ride if your long now....as always market can and will go where it wants when it wants..... but if you were wanting to play it long and you noticed a bull flag on the daily...the safe play is to enter when price breaks out the channel I have a feeling price will move after the EU meeting tomorrow...which sucks because its a Friday every vote counts! even its just to increase the number of registered voters where your live
Quoting mistaouting
{quote} the continuation "should be" a similar bullish move as the days before the formation of the flag and that was a few days of green candles....you want miss much waiting for conformation in price breaking out of the channel because it could very well not break out and or go south I could understand buying at the bottom as well with a stop loss in place if price breaks out south....I don't agree with being to late if you waited for conformation ''IF" it was a bull flag...typically you would wait for a break out to enter EDIT: because it very...
There is more lol. Note the dates on quotes
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  • #1,176,789
  • Jul 30, 2020 4:46pm Jul 30, 2020 4:46pm
Quoting VuLe
{quote} I think you guys got it all wrong. Euro break out due to many things. They announce their stimulus package, policies and recovery status of their country while US announces nothing but crappy information being that we had another covid 19 breakout. And then you this GDP crap. Of course USD would fall apart. 2. You guys are correct.. EU is do for a recovery.. 1.2500—->1.0750... there was never an actual correction. Take a look on the weekly, only downward wave. eitherway because you guys expect corrections which is a made up term for “it...
Trump tweets about election will strengthen USD massively
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  • #1,176,790
  • Edited 5:34pm Jul 30, 2020 5:09pm | Edited 5:34pm
Quoting PatienceFx
{quote} Trump tweets about election will strengthen USD massively {image}
which everyone is waiting for... think like the feds and understand the majority.
majority right now is like “bruh, its too high, I cant buy this. Its going to drop any second.... and then be like, I think its good enough to sell, this shit going to drop.”
and it makes me happy because with people thinking like that. Eu will keep going up...
Trade what you see, take what the market gives you.
  • #1,176,791
  • Jul 30, 2020 5:12pm Jul 30, 2020 5:12pm
Quoting VuLe
{quote} which everyone is waiting for... think like the feds and understand the majority. majority right now is like “bruh, its too high, I can buy this. Its going to drop any second.... and then be like, I think its good enough to sell, this shit going to drop.” and it makes me happy because with people thinking like that. Eu will keep going up...
that is a real mental blockage lol

edit: i think one i due...but i dont mind being late to the party on that one
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  • #1,176,792
  • Jul 30, 2020 5:18pm Jul 30, 2020 5:18pm
I think Friday is going to be a bad day for trend traders. Most pairs are either extremely oversold or extremely overbought. Something has to give at some point. I am expecting to see some corrections taking place sometime in the near future.
Learn from your mistakes and march on.
  • #1,176,793
  • Jul 30, 2020 5:18pm Jul 30, 2020 5:18pm
Quoting VuLe
{quote} which everyone is waiting for... think like the feds and understand the majority. majority right now is like “bruh, its too high, I can buy this. Its going to drop any second.... and then be like, I think its good enough to sell, this shit going to drop.” and it makes me happy because with people thinking like that. Eu will keep going up...
? Because in general that thought of people is fully correct. While i agree that most sell trends to quick , i.e early proofit taking, statistics will tend to promote an early profit taking to in the long run. My point beeing, the move is massive and as many pointed out, the buy and keep strategic is seldom the most profitable...
  • #1,176,794
  • Jul 30, 2020 5:24pm Jul 30, 2020 5:24pm
Quoting here2there
I think Friday is going to be a bad day for trend traders. Most pairs are either extremely oversold or extremely overbought. Something has to give at some point. I am expecting to see some corrections taking place sometime in the near future.
Lets see, lets hope for that! :-)
  • #1,176,795
  • Jul 30, 2020 5:32pm Jul 30, 2020 5:32pm
Quoting krst8
{quote} Lets see, lets hope for that! :-)
Are you currently short?
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  • #1,176,796
  • Jul 30, 2020 5:32pm Jul 30, 2020 5:32pm
Eur/USD SELL 1850 area. I think we're in the next BEAR RUN SELL SELL.
Everything I'm looking at says sell here wave counts fib projections and now on the 1 minute the top confirmation with bear bat formation in the 1m and in higher time frame we got the ending diagonal triangle.
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Founder of Sutherland Wave Principle
  • #1,176,797
  • Jul 30, 2020 5:34pm Jul 30, 2020 5:34pm
Quoting suthmo
Matches the criteria for a bearish BAT pattern. {image}
not worth the effort is that anything less than a 1h chart...maybe even a 4h chart

EDIT. actually if it was a 15 min chart and I wasn't in position I might trade that possible outcome
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  • #1,176,798
  • Jul 30, 2020 5:42pm Jul 30, 2020 5:42pm
Quoting mistaouting
{quote} Are you currently short?
not on this pair, but yeah long on USD on other pairs. But hope don’t bring in any $ does it :-) Most obviously to early call for short been made. But some pairs are beeing dragged just along in the if the uppwards movement. So do anticipate some hard down movements soon, but does not need to be in all pairs. But it is not like US crashing to death, and lets hope not as it is a rather large importer of goods...
  • #1,176,799
  • Jul 30, 2020 5:58pm Jul 30, 2020 5:58pm
Nope not bear bat gartley, shiiit. I'm looking at the other type that end higher on the right side.
We got dip and double top though.

Butterfly or Crab? Put the drop at 1855 but like I've said we've really run out of room with wave law to go any higher here...? Another conflict to resolve... brb haha.
It's not much higher I don't think it will break laws here.
Founder of Sutherland Wave Principle
  • #1,176,800
  • Jul 30, 2020 6:00pm Jul 30, 2020 6:00pm
Added one more small buy... cause why not?? Hearing sells itches my hand to buy >.>
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Trade what you see, take what the market gives you.
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