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  • #1,176,901
  • Jul 31, 2020 8:15am Jul 31, 2020 8:15am
Quoting newbegger
{quote} That was easy. 1.1777 met on first day of trading this week. I am surprized at this as I expected profit taking. No profit taking means the bull still gaining momentum. Next target is 1.2000. I see the fib at 1.2053 but 1.2000 is starting point for this pair and also a very round number. Look for some sideways action when we get to 1.2000. I did say when, not if, but there can be black swan event that prevents this. Black swans are not predictable and can be account killers if you go all in.
On Friday, we get to 1.1900 area. That was strong move so no surprise the trade is slowing down. A quick look at the weekly and it looks stretched so momentum may not be able to get us to 1.20 before a retrace.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 62 KB


Caution holding on through a retrace as now is not the time to add to long positions but to trim longs and take profits. There will be a time to start adding longs again but August is not a good month for trend continuation
Ecclesiastes 1:9
  • #1,176,902
  • Jul 31, 2020 8:23am Jul 31, 2020 8:23am
Out at 1.1820. Remember, Thanos die in the avengers movie.
Trade what you see, take what the market gives you.
  • #1,176,903
  • Edited 9:39am Jul 31, 2020 8:26am | Edited 9:39am
Quoting leashedmode
Will be watching these zones to add longs. {image}
Added a long @ 1.1820, next will be watching 1.1800-1.1780 and if that breaks, I will be out and come back next week to see what we are dealing with.

[update: +30 pips in, SL @ BE, if stopped out.. will watch for 1.1800-1.1780 levels, end of the week/ month so if stopped out @ BE, will be on the sidelines until next week and then will be looking to see if she breaks through above [most probably] but may add a long @ or below 1.1800. Bagged 25 + 50 + 100 pips from yesterday's + one long still in play @ 1.1732 SL @ BE. Let's see! Good luck folk!]
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,176,904
  • Jul 31, 2020 8:33am Jul 31, 2020 8:33am
Quoting VuLe
Out at 1.1820. Remember, Thanos die in the avengers movie.
lol....but you out with profit!

I was stopped out in profit....in short now
LOCK IN RE-ENTER
  • #1,176,905
  • Jul 31, 2020 8:34am Jul 31, 2020 8:34am
Quoting briancollins
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.
If only I can trade all my bias

This market thing keep repeating itself everytime.

Will need to work on my confidence.
Well, am on d side li e today,
Will be scalping longs nexf week cos am expecting a "bullish range" (is that a word?) Next week.
  • #1,176,906
  • Jul 31, 2020 8:36am Jul 31, 2020 8:36am
Quoting mistaouting
{quote} lol....but you out with profit! I was stopped out in profit....in short now
you guys are crazy lol. Think of it like this... if its goingb to break 1.1830.... the next support is at 1.1780... so why not exit around 1.1820... then you can reload way lower... or save yourself the 60pips different...
Trade what you see, take what the market gives you.
  • #1,176,907
  • Jul 31, 2020 8:42am Jul 31, 2020 8:42am
Building my small buy again.. 1.1812....
Trade what you see, take what the market gives you.
  • #1,176,908
  • Jul 31, 2020 8:43am Jul 31, 2020 8:43am
Today's Bad Luck all SL trigger and came down
Attached Image
PaRaM
  • #1,176,909
  • Jul 31, 2020 8:45am Jul 31, 2020 8:45am
Quoting VuLe
{quote} you guys are crazy lol. Think of it like this... if its goingb to break 1.1830.... the next support is at 1.1780... so why not exit around 1.1820... then you can reload way lower... or save yourself the 60pips different...
so your saying its going back up 2 1830 or around there. Then enter short there down to 1780? I am only a handful of pips off from short at 1830.
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  • #1,176,910
  • Jul 31, 2020 9:04am Jul 31, 2020 9:04am
The 6inator bleeding me out
I'm looking at 1990 target.
The battle of 1970 is upon us.
Founder of Sutherland Wave Principle
  • #1,176,911
  • Jul 31, 2020 9:05am Jul 31, 2020 9:05am
We in it guys. Should be going up.
Trade what you see, take what the market gives you.
  • #1,176,912
  • Jul 31, 2020 9:17am Jul 31, 2020 9:17am
1840 sell $240 per pip. Targets 1580. (22 pip profit so far ) Last one BE again
  • #1,176,913
  • Jul 31, 2020 9:22am Jul 31, 2020 9:22am
Quoting Js3mwtRc
Definatelly I don't like the price action of EU, either the GDP's, but it isn't over yet. It must try to take out the new highs, or at least 1888 where many sellers created two pins on 15 min. chart. Below 1836 it may try to cheat us until 1810, but it will reverse, or I will change my position
EU respected the last line of my post, or I have made forex, so respect to me traders, 1862 may be out of reach today.
Looking for profitable short term trades ...|
  • #1,176,914
  • Jul 31, 2020 9:25am Jul 31, 2020 9:25am
Quoting Js3mwtRc
{quote} EU respected the last line of my post, or I have made forex, so respect to me traders, 1862 may be out of reach today.
so its going back down again?
holding a buy, not sure if to close it or hold.
  • #1,176,915
  • Jul 31, 2020 9:36am Jul 31, 2020 9:36am
Quoting leashedmode
{quote} Added a long @ 1.1820, next will be watching 1.1800-1.1780 and if that breaks, I will be out and come back next week to see what we are dealing with.
+30 pips in, SL @ BE, if stopped out.. will watch for 1.1800-1.1780 levels, end of the week/ month so if stopped out @ BE, will be on the sidelines until next week and then will be looking to see if she breaks through above [most probably] but may add a long @ or below 1.1800. Bagged 25 + 50 + 100 pips from yesterday's + one long still in play @ 1.1732 SL @ BE. Let's see! Good luck folk!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,176,916
  • Jul 31, 2020 9:47am Jul 31, 2020 9:47am
Quoting Maverick10
{quote} so its going back down again? holding a buy, not sure if to close it or hold.
I can't see it going anywhere.

In the small timeframes the trend is down, but EU hasn't quit its uptrend yet. I avoid trading when I am not sure and wait for more confirmation like a break of 1.1700.
Looking for profitable short term trades ...|
  • #1,176,917
  • Jul 31, 2020 9:55am Jul 31, 2020 9:55am
Quoting Js3mwtRc
{quote} ...I avoid trading when I am not sure and wait for more confirmation...
That's wise.
Learn from your mistakes and march on.
  • #1,176,918
  • Jul 31, 2020 9:56am Jul 31, 2020 9:56am
Mark Meadows to give briefing soon on
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  • #1,176,919
  • Edited 10:10am Jul 31, 2020 9:59am | Edited 10:10am
Sharp retrace in wave in 3 is good confirmation for bull here.
A very rectangular ending diagonal triangle has possibly formed.
Still in 3 of 7 up?
Attached Image (click to enlarge)
Click to Enlarge Name: endDD.png Size: 26 KB
Founder of Sutherland Wave Principle
  • #1,176,920
  • Jul 31, 2020 10:05am Jul 31, 2020 10:05am
virus cases rising in eu....possibility for equites in eu selling off
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