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  • #1,177,541
  • Aug 6, 2020 3:00am Aug 6, 2020 3:00am
Quoting leashedmode
{quote} I think a lot of profit taking at the top, and possibly sell orders until NFP. In my opinion considering all that's been going on, no major changes in favor of the USD, the price should continue up after a pull back to 1.185-1.180 max. Whatever happens as long as 1.185-1.180 is holding I am with the Bulls. I think USD Index will probably dive back down from around 93-93.5. Time will tell!
Wave 5 into 6 always a nightmare for me. 6 drop was right on cue by some reckoning by another that I was using it fell short and I missed a couple of minor swings. I Know NFP is Not eFfecting Price because I've forecast through them for 10 years, I've watched them change nothing of my projections only small wobbles and massive broker spread rape. I don't see how anything happening on these charts is anything to do with historical re telling of idealized data news. Bulls and bears and stop hunting and all the other wondrous voodoo they made up to describe something we don't understand and justify raping the crap out of traders spreads and sell them news feeds lol. 1000s of man hours per week lost debating events that bear zero effect on markets imo. What I do see is the waves move to the beat of their own law. Perfectly geometrically interlocked overlapped matrix that is fixed permanently by the immutable laws. The only variable I see is a pairs maximum high to low value vs each other and EVERYTHING in between is the law of wave principle. You need to know the reason before moves happen and the only way your gonna do that is by understanding and operating within the framework of the wave principle.
Founder of Sutherland Wave Principle
  • #1,177,542
  • Aug 6, 2020 3:12am Aug 6, 2020 3:12am
My opinion,eur shows several days red(4 red candles)today 5 candle on daily,but doesnt go down,the longer it stays at the top the bigger will be trend down.I didnt take long yesterday.I m for short.I stay in short.
  • #1,177,543
  • Aug 6, 2020 3:19am Aug 6, 2020 3:19am
1.1900 was an easy target at the morning, but it smashed down 77 pips. Now I will wait for some more drop, maybe we see 1815 again and then for a break to the upside if, all of the conditions are met which will be,

the bears are not hungry anymore we have a qualified resistance to break (with lots of trailing stops) and the news favor our upside view.

You can thank me later!
Looking for profitable short term trades ...|
  • #1,177,544
  • Aug 6, 2020 3:23am Aug 6, 2020 3:23am
Quoting suthmo
{quote} Wave 5 into 6 always a nightmare for me. 6 drop was right on cue by some reckoning by another that I was using it fell short and I missed a couple of minor swings. I Know NFP is Not eFfecting Price because I've forecast through them for 10 years, I've watched them change nothing of my projections only small wobbles and massive broker spread rape. I don't see how anything happening on these charts is anything to do with historical re telling of idealized data news. Bulls and bears and stop hunting and all the other wondrous voodoo they made...

I think I get your point about the geometry, it exists in literally everything.. repetitive patterns that seem to be not bound by anything. Doesn't really make much of a difference if the fundamental conditions fall in line with them or they fall in line with the fundamentals, but they are definitely there. You seem to be quite invested in this study, and honestly this is too complex for me to wrap my head around precisely, but I would like to, one day.. I agree with the news aspect, it shakes the market yes, but mostly I have noticed the overall money flow retaining charge once everyone has been successfully confused.. Let's see what happens this week. Cheers man!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,545
  • Aug 6, 2020 3:28am Aug 6, 2020 3:28am
Quoting OxyGen_FX
{quote} Hi Leashedmode, you are correct regarding emotions being a big factor when trading with real money. There is no "re-set" button. EURUSD is falling hard, as I speak.....

Wondering if this drop is for real or simply to convince that the market is falling, looking to see how 1.185-1.180 holds. Breaking the highs and getting to 1.20 and above was/is anyhow going to be pretty ugly and full of traps anyways.. with SLs being ripped to pieces, flying all over.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,546
  • Aug 6, 2020 3:34am Aug 6, 2020 3:34am
Quoting viktoriaxz
My opinion,eur shows several days red(4 red candles)today 5 candle on daily,but doesnt go down,the longer it stays at the top the bigger will be trend down.I didnt take long yesterday.I m for short.I stay in short.
I would wait for position untill NFP tomorrow.

We had a bad ADP yesterday,maybe will that effect NFP also.
  • #1,177,547
  • Aug 6, 2020 3:53am Aug 6, 2020 3:53am
All long trend on daily happens if eur has long bottom (top)without going opposite ,double top( bottom) its long trend opposite direction,before this trend up eur shows 3 bottoms on daily,now eur shows one top and starts second top
  • #1,177,548
  • Aug 6, 2020 4:04am Aug 6, 2020 4:04am
Quoting viktoriaxz
All long trend on daily happens if eur has long bottom (top)without going opposite ,double top( bottom) its long trend opposite direction,before this trend up eur shows 3 bottoms on daily,now eur shows one top and starts second top

Yesterday the D1 close was higher than the previous highest close on the daily TF. And right now it's sitting at that previous highest close of the day on 30th of Aug.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,549
  • Aug 6, 2020 4:14am Aug 6, 2020 4:14am
Today low could be 1.1700 - 1.1725 levels
PaRaM
  • #1,177,550
  • Aug 6, 2020 4:21am Aug 6, 2020 4:21am
Quoting viktoriaxz
All long trend on daily happens if eur has long bottom (top)without going opposite ,double top( bottom) its long trend opposite direction,before this trend up eur shows 3 bottoms on daily,now eur shows one top and starts second top

I would say as long as the bottom trend line is holding [1.1800 at least] Bulls could kick in anytime.
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Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,551
  • Aug 6, 2020 4:23am Aug 6, 2020 4:23am
PaitenceFx would like to see your Chart after this fall
PaRaM
  • #1,177,552
  • Aug 6, 2020 4:24am Aug 6, 2020 4:24am
Quoting pgidia
Today low could be 1.1700 - 1.1725 levels

I see the possibility of 1.180 and looking forward to it, but I don't think we will get anything below that, maybe 10-20 pips below or so but that's it.. that is if Bulls stay in power.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,553
  • Aug 6, 2020 4:26am Aug 6, 2020 4:26am
Quoting pgidia
Today low could be 1.1700 - 1.1725 levels

But yes like I have been saying.. 1.170 for me is the last support for Bulls to kick in, if broken [clearly].. I will start considering shorts on Lower Highs.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,554
  • Aug 6, 2020 4:26am Aug 6, 2020 4:26am
The last H4 candle came down very sharply and MACD is showing early divergence sign , but on the other hand it could be forming a "cup and handle " pattern and continue uptrend towards 1.12.
I'm a bit confused and will not rush into trading for a few hours .

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  • #1,177,555
  • Aug 6, 2020 4:26am Aug 6, 2020 4:26am
Quoting pgidia
Today low could be 1.1700 - 1.1725 levels
bacha this is price positioning before nfp ; don't get caught in market tricks lol
  • #1,177,556
  • Aug 6, 2020 4:34am Aug 6, 2020 4:34am
Quoting leashedmode
{quote} But yes like I have been saying.. 1.170 for me is the last support for Bulls to kick in, if broken [clearly].. I will start considering shorts on Lower Highs.
I agree market will go down past 1.8065 at the least, more than likely even lower until it turns around to head toward the 1.1916 levels and higher.
  • #1,177,557
  • Aug 6, 2020 4:34am Aug 6, 2020 4:34am
Quoting PatienceFx
{quote} bacha this is price positioning before nfp ; don't get caught in market tricks lol
Yes it might be Market positioning to buy EU for NFP but all small account stop loss has to be taken out and that would be 1.17xx level
PaRaM
  • #1,177,558
  • Aug 6, 2020 4:52am Aug 6, 2020 4:52am
The problem here in 1866 is that many bears are joining the daily trend and want a piece of the pie too, but they may see their stop hit and this will create more room for the bulls.

If, they manage somehow to get out without a scratch then I will consider selling below the daily low for some pips, but the price should stop here.

Edit: the break down should be at the US session, so all can participate.
Looking for profitable short term trades ...|
  • #1,177,559
  • Aug 6, 2020 5:06am Aug 6, 2020 5:06am
Quoting Js3mwtRc
The problem here in 1866 is that many bears are joining the daily trend and want a piece of the pie too, but they may see their stop hit and this will create more room for the bulls. If, they manage somehow to get out without a scratch then I will consider selling below the daily low for some pips, but the price should stop here. Edit: the break down should be at the US session, so all can participate.

So if next H4 close at low then we can sell ?
PaRaM
  • #1,177,560
  • Aug 6, 2020 5:07am Aug 6, 2020 5:07am
Quoting Js3mwtRc
The problem here in 1866 is that many bears are joining the daily trend and want a piece of the pie too, but they may see their stop hit and this will create more room for the bulls. If, they manage somehow to get out without a scratch then I will consider selling below the daily low for some pips, but the price should stop here. Edit: the break down should be at the US session, so all can participate.
every problem has a solution a road map
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