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  • #1,177,221
  • Aug 4, 2020 8:01am Aug 4, 2020 8:01am
H1 go to low border-second time,for sell it should go to high border
  • #1,177,222
  • Aug 4, 2020 8:08am Aug 4, 2020 8:08am
Eur/usd Support at 1.1730 / 1710 I'm advising to buy with stop loss under 1.1690.
Founder of Sutherland Wave Principle
  • #1,177,223
  • Aug 4, 2020 8:08am Aug 4, 2020 8:08am
Quoting SashaP
{quote} We should test 41-47 area if u lucky
I gotnstopped already at 1.1745.. lol
Trade what you see, take what the market gives you.
  • #1,177,224
  • Aug 4, 2020 8:21am Aug 4, 2020 8:21am
Quoting VuLe
{quote} I gotnstopped already at 1.1745.. lol

Sell on sel on sell... I see something interesting... remember the crazy spike from 1.1845——> 1.1909 and then reverse like it never happen... what about the
1.1650—>1.18xx... my daily bb shows 1.1650... we may see a draw down to there. This is just an idea/theory
Trade what you see, take what the market gives you.
  • #1,177,225
  • Aug 4, 2020 8:27am Aug 4, 2020 8:27am
Just want to show how I use my trading with sentiment. in this case I will use GBPJPY. No positions on it yet. So looking at 15 min chart, it looks like it is turning bearish. Looking at the sentiment numbers it shows 59% shorts and 41% longs. Looks like 26% added longs and 11% shorts. Because retail increased longs, the institutions are pushing this price down. Which looking at the charts is a good example and makes perfect sense. Looking at the daily chart GBPJPY reached the supply zone at 137.86-139.58. Now the adding shorts does look good on a daily, but 139.58 resistance has held did not break. if that breaks, next supply zone we see is 145.84-147.96. Now if the sentiment retail starts adding more shorts, eventually this will turn bullish. IF they start adding more longs this will continue down to possibly demand zone 134.04-134.91. I hope this explains how to use sentiment. Looking at CFTC COT reports non-commercial shows 64,738 shorts and 39,329 longs. Also you can see that 3,428 more short positions are added and -6,901 longs are taken off. Now looking at the COT report and looking at the daily chart tells me that GBPJPY is turning bearish. So in this case I will not take sentiment into consideration because it does not match with the chart and COT reports, but I will take the daily supply zone reject the price to go further up and take COT report into consideration that institutions want this pair to go down. I hope I explained it clearly. You can also for example ignore sentiment for good and only apply charts with COT reports if it is too confusing. For me I sometimes apply all three, sometimes charts with either sentiment or COT. But always use charts.

Just added sell position on GBPJPY daily. Trade safe.
Attached Image(s) (click to enlarge)
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  • #1,177,226
  • Aug 4, 2020 8:31am Aug 4, 2020 8:31am
yesterday i bought early,and was in loss longtime.Now M15 sooner or later go up,but of course it can show 1.17 before rise,nobody knows.i mean channel m15
  • #1,177,227
  • Aug 4, 2020 8:47am Aug 4, 2020 8:47am
So mad at myself.. when I sold at 1.1760 for .25, I could add more when it went to 1.1770... woke up late and miss the sell at 1.1790... ended up buying 1.1770.. took a lost.. now I sell at 1.1730.. feel so lost right now. The domino effect of sleeping in leads to disaster. Arggfggggghg. Will hold this short and adding shorts on shorts. I believe 1.16xx touch first. Me and the market going to war.
Trade what you see, take what the market gives you.
  • #1,177,228
  • Aug 4, 2020 8:51am Aug 4, 2020 8:51am
Quoting VuLe
So mad at myself.. when I sold at 1.1760 for .25, I could add more when it went to 1.1770... woke up late and miss the sell at 1.1790... ended up buying 1.1770.. took a lost.. now I sell at 1.1730.. feel so lost right now. The domino effect of sleeping in leads to disaster. Arggfggggghg. Will hold this short and adding shorts on shorts. I believe 1.16xx touch first. Me and the market going to war.
You know what that happens to everyone sometimes. What I do sometimes when I hit the wall, I close all my trades, and go workout or whatever just to take your mind off trading. Remember there is always tomorrow for new opportunities. Trade safe.
  • #1,177,229
  • Aug 4, 2020 8:52am Aug 4, 2020 8:52am
Quoting VuLe
{quote} Sell on sel on sell... I see something interesting... remember the crazy spike from 1.1845——> 1.1909 and then reverse like it never happen... what about the 1.1650—>1.18xx... my daily bb shows 1.1650... we may see a draw down to there. This is just an idea/theory
2 position exited
1 Open for 1.1650 with breakeven SL
Attached Image
PaRaM
  • #1,177,230
  • Aug 4, 2020 9:11am Aug 4, 2020 9:11am
Quoting Techanalyst
{quote} You know what that happens to everyone sometimes. What I do sometimes when I hit the wall, I close all my trades, and go workout or whatever just to take your mind off trading. Remember there is always tomorrow for new opportunities. Trade safe.
This is perfect advice
Earlier i also used to trade haphazard
If one trade loss then anyhow try to make profit loose all the money

But you all won't believe pnce i started reading this thread my Trading has improved alot

Earlier i used to close trade with Even 2-3 pips and wait in loss for even 50 pips for those 2 pips
Now i understood when to wait and when to trade and hold
PaRaM
  • #1,177,231
  • Aug 4, 2020 9:14am Aug 4, 2020 9:14am
Quoting VuLe
So mad at myself.. when I sold at 1.1760 for .25, I could add more when it went to 1.1770... woke up late and miss the sell at 1.1790... ended up buying 1.1770.. took a lost.. now I sell at 1.1730.. feel so lost right now. The domino effect of sleeping in leads to disaster. Arggfggggghg. Will hold this short and adding shorts on shorts. I believe 1.16xx touch first. Me and the market going to war.
Add short at 1.1755 if it goes there now still any 4h chart close above 1.1755 it is Sell on every rise
PaRaM
  • #1,177,232
  • Aug 4, 2020 9:19am Aug 4, 2020 9:19am
even in this bulltrend eur respected target of channel M30,channel H1-no.So target 1.18130,but can be more.Eur went where today,but didnt come.How wise of me to close long around 1.18
  • #1,177,233
  • Aug 4, 2020 9:25am Aug 4, 2020 9:25am
Quoting Techanalyst
{quote} You know what that happens to everyone sometimes. What I do sometimes when I hit the wall, I close all my trades, and go workout or whatever just to take your mind off trading. Remember there is always tomorrow for new opportunities. Trade safe.
you are right... I need to reset. Going to war is fumb, maxing out is bad. Close my trade .5 lot 1.1730—->1.1740. -10 pips.
ill be back for kiwi news trading later on today.
Trade what you see, take what the market gives you.
  • #1,177,234
  • Aug 4, 2020 9:38am Aug 4, 2020 9:38am
Quoting pgidia
{quote} Add short at 1.1755 if it goes there now still any 4h chart close above 1.1755 it is Sell on every rise
I will keep an eye on it. But I am a blind man in the forest right now... Ill just sit still and wait for someone to come get me xD.... Just got done working out. Feel a bit better. I am hoping to make atleast 50pips on NZD trade this afternoon. I will never trade any more news between 11:00pm-2:00am. My sleep hr is back to 10:00pm for the EU news/session at 2:00am-5:00am.

get revenge on the market for me ))

edit* thanks tech, you save me From losing a lot more. I was going to add more short at 1.1740...
Trade what you see, take what the market gives you.
  • #1,177,235
  • Aug 4, 2020 9:42am Aug 4, 2020 9:42am
Quoting VuLe
{quote} I will keep an eye on it. But I am a blind man in the forest right now... Ill just sit still and wait for someone to come get me xD.... Just got done working out. Feel a bit better. I am hoping to make atleast 50pips on NZD trade this afternoon. I will never trade any more news between 11:00pm-2:00am. My sleep hr is back to 10:00pm for the EU news/session at 2:00am-5:00am. get revenge on the market for me ))

I think be careful with shorts, unless previous structure is broken on the H4. It's still holding pretty well.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,236
  • Aug 4, 2020 9:46am Aug 4, 2020 9:46am
Quoting leashedmode
{quote} I think be careful with shorts, unless previous structure is broken on the H4. It's still holding pretty well.
yeah, Tech save me from holding my short. I was going to get kill by the market if I was more stubborn and shorting. I feel a lot better seeing market rise and being on SideLine. Pretty much could have made 1.6k today but end up losing $650
and then another $50 Which adds up to a total of -2.3k theoretically. What a pain.

my sleep in this morning was expensive. never again.
Trade what you see, take what the market gives you.
  • #1,177,237
  • Aug 4, 2020 10:00am Aug 4, 2020 10:00am
Quoting VuLe
{quote} yeah, Tech save me from holding my short. I was going to get kill by the market if I was more stubborn and shorting. I feel a lot better seeing market rise and being on SideLine. Pretty much could have made 1.6k today but end up losing $650 and then another $50 Which adds up to a total of -2.3k theoretically. What a pain. my sleep in this morning was expensive. never again.

Sorry to hear that but glad you got out early, the market has been all over the place today. I know the feeling sleeping while in a short term trade has never been kind to me as well.. many times ended up getting stopped out on trades that almost touched my TP and went back. But it's all part of what we do right? Opportunities every day! Just watching EU closely, if it is to stay down.. I think 1.1760-62 should hold, if it breaks, then most probably the bulls have taken it. Let's see but overall, a tricky day. I had plans of scalping a short @ 1.180, but ended up avoiding it when it hit, and then watched it drop almost 80 pips
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,238
  • Aug 4, 2020 10:50am Aug 4, 2020 10:50am
I think it's best to avoid trading at this time.
Learn from your mistakes and march on.
  • #1,177,239
  • Aug 4, 2020 11:09am Aug 4, 2020 11:09am
Draw back to august last yeat when nzd unemployment rate moved the market... I am expecting a move on this one as well.
Attached Image (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,177,240
  • Aug 4, 2020 11:50am Aug 4, 2020 11:50am
Quoting VuLe
Draw back to august last yeat when nzd unemployment rate moved the market... I am expecting a move on this one as well. {image}
correct me, if i am wrong

between monday and tuesday ; a higher high and a higher low was made

so i have taken a long at 770 with sl at 750

so if price breaks 800 and makes a higher high ; trend should continue on h1 unless there is a lower high

is this okay
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