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  • #1,177,501
  • Aug 5, 2020 9:09pm Aug 5, 2020 9:09pm
Quoting PatienceFx
{image}
According to this chart might go down a bit
If it crosses 1.1885 then again uptrend correct??
PaRaM
  • #1,177,502
  • Aug 5, 2020 9:12pm Aug 5, 2020 9:12pm
Quoting pgidia
{quote} According to this chart might go down a bit If it crosses 1.1885 then again uptrend correct??
sorry i just woke up a few minutes back and just mechanically saw the chart and took the trade without thinking

sorry if it goes wrong
  • #1,177,503
  • Aug 5, 2020 9:17pm Aug 5, 2020 9:17pm
Quoting PatienceFx
{image}
h4
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 27 KB

weekly
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 47 KB

make your own decisions
  • #1,177,504
  • Aug 5, 2020 9:19pm Aug 5, 2020 9:19pm
Quoting PatienceFx
{image}
booked +ve good start of the day
  • #1,177,505
  • Aug 5, 2020 9:23pm Aug 5, 2020 9:23pm
Back. What a 2 hour great calisthenics workout. No weights today. Had a good swim at my pool with family and a bbq. Just finished. I hope everyone has a good evening or day.

Back to trading. EURUSD remains bullish.
  • #1,177,506
  • Aug 5, 2020 9:28pm Aug 5, 2020 9:28pm
Quoting PatienceFx
{quote} h4 {image} weekly {image} make your own decisions
If it was that simple then I would have been Pro trader
I am still novice ,,
PaRaM
  • #1,177,507
  • Aug 5, 2020 9:28pm Aug 5, 2020 9:28pm
a huge USD divergence is sitting here, waiting for the right news
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 28 KB
  • #1,177,508
  • Aug 5, 2020 9:36pm Aug 5, 2020 9:36pm
Quoting PatienceFx
a huge USD divergence is sitting here, waiting for the right news {image}
NFP could be that trigger point ?
PaRaM
  • #1,177,509
  • Aug 5, 2020 9:41pm Aug 5, 2020 9:41pm
Target, will it undershoot touch or overshoot the trendline?
Ya'll gotta get this news voodoo out of your minds...
Attached Image (click to enlarge)
Click to Enlarge Name: Eurusd8.6.20.0336M5.png Size: 13 KB
Founder of Sutherland Wave Principle
  • #1,177,510
  • Aug 5, 2020 9:43pm Aug 5, 2020 9:43pm
Quoting PatienceFx
{image}
You will never see that tp man. I'm advising you to close and get long! Reason being wave 2 can never retrace 100% of wave 1.
Founder of Sutherland Wave Principle
  • #1,177,511
  • Aug 5, 2020 9:47pm Aug 5, 2020 9:47pm
Quoting pgidia
{quote} NFP could be that trigger point ?
covid package when announced ; not nfp ; nfp will be trigger to buy eu
  • #1,177,512
  • Aug 5, 2020 9:55pm Aug 5, 2020 9:55pm
The news is ancillary to the wave principle. It's sad to see so much time, energy and money wasted pouring over idealized data in historical retelling of past events that clearly are not effecting anything.
Founder of Sutherland Wave Principle
  • #1,177,513
  • Aug 5, 2020 10:00pm Aug 5, 2020 10:00pm
Double Bull Gartley on the 1M and higher tf.
Attached Image (click to enlarge)
Click to Enlarge Name: doubleG.png Size: 27 KB
Founder of Sutherland Wave Principle
  • #1,177,514
  • Edited 10:42pm Aug 5, 2020 10:29pm | Edited 10:42pm
It seems to me that the best way to trade these days, and perhaps always, is to set the Zig Zag indicator to 5,5,3, then wait for price to reach the nearest swing high or swing low on the 4HR chart and see how it reacts to it. If opportunity calls, place a trade in the direction of the prevailing trend as determined by a higher timeframe.

You likely won't get a lot of trades this way, perhaps only a few a month. But it will likely be less stressful.
Learn from your mistakes and march on.
  • #1,177,515
  • Aug 5, 2020 10:47pm Aug 5, 2020 10:47pm
Quoting suthmo
The news is ancillary to the wave principle. It's sad to see so much time, energy and money wasted pouring over idealized data in historical retelling of past events that clearly are not effecting anything.
News, fundamentals a.k.a fuel. Somettimes market goes thier direction, sometimes do the opposite. Same as technicals and indis.... Sometimes it works, sometimes it doesn't. It's knowing when it will work and when not. Sometimes we get it right, sometimes we don't. See... it's mind game. Psychology plays important part. Or should I say, it is all about Psychology. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,177,516
  • Aug 5, 2020 11:13pm Aug 5, 2020 11:13pm
Quoting MrBullBear
{quote} News, fundamentals a.k.a fuel. Somettimes market goes thier direction, sometimes do the opposite. Same as technicals and indis.... Sometimes it works, sometimes it doesn't. It's knowing when it will work and when not. Sometimes we get it right, sometimes we don't. See... it's mind game. Psychology plays important part. Or should I say, it is all about Psychology. Cheers!
trading same gambling? like casino or poker?
  • #1,177,517
  • Edited 11:49pm Aug 5, 2020 11:18pm | Edited 11:49pm
Quoting MrBullBear
{quote} News, fundamentals a.k.a fuel. Somettimes market goes thier direction, sometimes do the opposite. Same as technicals and indis.... Sometimes it works, sometimes it doesn't. It's knowing when it will work and when not. Sometimes we get it right, sometimes we don't. See... it's mind game. Psychology plays important part. Or should I say, it is all about Psychology. Cheers!


First low wave degree target is 1.2090 dip to 1.2000 for the weekend...
Then up to 1.2990 relatively quickly and big sell off.
With lots of lower degree swings on the way.

EDIT: getting ahead of myself next good dip coming in at 1.1990

Attached Image
Founder of Sutherland Wave Principle
  • #1,177,518
  • Aug 5, 2020 11:43pm Aug 5, 2020 11:43pm
Quoting suthmo
{quote} First low wave degree target is 1.2090 dip to 1.2000 for the weekend... Then up to 1.2990 relatively quickly and big sell off. With lots of lower degree swings on the way. {image}
ok i wanna OP buy where price?
  • #1,177,519
  • Aug 6, 2020 12:05am Aug 6, 2020 12:05am
Quoting hasilnyata
{quote} trading same gambling? like casino or poker?
It depends on how you understand and how you use psychology. And what's gambling has to do with that? Anyways, aren't you gambling?
Only an idiot knows with certainty to where the market is going.
  • #1,177,520
  • Aug 6, 2020 12:29am Aug 6, 2020 12:29am
There is a reason I like news and patterns, the crowd and its arguments create enough volatility and I can trade the market in any direction, so I will not argue what is best.

The price is heading to 1.1900 again, buyers have the advantage and the price may reach 1.1950, or above to 1.2000.

Below 1.18315 the trend changes and targets 1.1815 again.

Today BoE and US Jobs for the week will be my focus and any news from the White House should be respected from all traders.


Have a great trading day.
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