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  • #1,177,601
  • Aug 6, 2020 9:15am Aug 6, 2020 9:15am
Quoting VuLe
{quote} I over slept. My tp was 1.1935.... it was the same position suthmo gave me yesterday. 1.1855 With 1.1870 x2... and I loaded 2 lots at 1.1840 ended up BE 1.1845.... tested another buy 1.1845/1.1850.... stopped again 1.18475... I know it man... these spikes are searching for sl... its not breaking boundaries >.>
Today H4 are making lower low and lower high
PaRaM
  • #1,177,602
  • Aug 6, 2020 9:20am Aug 6, 2020 9:20am
Could go as low as 1769 before reverses up!
Founder of Sutherland Wave Principle
  • #1,177,603
  • Aug 6, 2020 9:20am Aug 6, 2020 9:20am
Like I said, added long @ 1.1825, will add another around 1.1810-1.1800 if I get the chance.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,604
  • Aug 6, 2020 9:22am Aug 6, 2020 9:22am
Quoting pgidia
{quote} Today H4 are making lower low and lower high

lol. Forget that lower low and lower high strategy. Last time I attempted that, I was in 1.1815short and stopped 1.1835.... and then jump all the way up. Causing me to miss a good 100pip run.

Ima try 1 more buy... and .5 this time. 1.1834
Trade what you see, take what the market gives you.
  • #1,177,605
  • Aug 6, 2020 9:24am Aug 6, 2020 9:24am
Quoting suthmo
Could go as low as 1769 before reverses up!

Maybe, the structure seems to be aiming towards 1.180 at least, then yes probably a 10-30 pips down tomorrow for trapping but that's about it, It "might" even shoot up from here
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,606
  • Aug 6, 2020 9:28am Aug 6, 2020 9:28am
Quoting VuLe
{quote} lol. Forget that lower low and lower high strategy. Last time I attempted that, I was in 1.1815short and stopped 1.1835.... and then jump all the way up. Causing me to miss a good 100pip run. Ima try 1 more buy... and .5 this time. 1.1834

As long as you are stopped @ BE, it's a win.. this is a crucial zone plus crucial timing due to NFP tomorrow. A short @ 1.1863 would have been beautiful, daily open but now it's gone, I missed it too.. a close above this SR and these recent hourly candles means Bulls, while there's still room to touch 1.1825 again, then 1.1820 and then 1.180.. maybe we won't be given 1.180 but who knows, let's see.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,607
  • Edited 9:56am Aug 6, 2020 9:30am | Edited 9:56am
Max extension at 17666* for the sixinator.
Holding my buys at 1865 also playing short for 50 pips here.
I missed a lot of cheddar but hope to pick up the consolation prize.
Trying to squeeze some bonus pips out of the reversal zone is recipe for disaster haha.
Start buying 1799 can send it up chance for 1775
Have sell on at 1820 targeting 1795 stop loss 1840
If I can I'll cover the entry when I can and target the lower area 17666.
Founder of Sutherland Wave Principle
  • #1,177,608
  • Aug 6, 2020 9:40am Aug 6, 2020 9:40am
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.
Choppy market, the bulls are trying hard to keep the trend up. I opened two positions and I got lucky to hold one from the highs after the break, but now I have closed all of my positions.
Looking for profitable short term trades ...|
  • #1,177,609
  • Aug 6, 2020 9:41am Aug 6, 2020 9:41am
Quoting suthmo
Max extension at 17666* for the sixinator.
Placing 2 Lots Buy Order at 1.1770
PaRaM
  • #1,177,610
  • Aug 6, 2020 9:43am Aug 6, 2020 9:43am
Quoting leashedmode
{quote} As long as you are stopped @ BE, it's a win.. this is a crucial zone plus crucial timing due to NFP tomorrow. A short @ 1.1863 would have been beautiful, daily open but now it's gone, I missed it too.. a close above this SR and these recent hourly candles means Bulls, while there's still room to touch 1.1825 again, then 1.1820 and then 1.180.. maybe we won't be given 1.180 but who knows, let's see.

zZzZzz BE is good but my mindset is to catch this wild snake slithering up and down the market >.>.... now Im caught on the end side. I guess bears are good now. Not even going to try and add any other longs. Going to watch it. Suthmo may be right 1.1800 could be broken.
Trade what you see, take what the market gives you.
  • #1,177,611
  • Aug 6, 2020 9:48am Aug 6, 2020 9:48am
Quoting VuLe
{quote} zZzZzz BE is good but my mindset is to catch this wild snake slithering up and down the market >.>.... now Im caught on the end side. I guess bears are good now. Not even going to try and add any other longs. Going to watch it. Suthmo may be right 1.1800 could be broken.

Definitely it can be broken, a dive to 1.1775 is possible, while still maintaining the bullish picture so yes that makes sense.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,612
  • Aug 6, 2020 9:49am Aug 6, 2020 9:49am
It seems Today only I am selling and all are buying bottom

Now my sl on Sell position is kept in such a way that I will have decent profit for today
PaRaM
  • #1,177,613
  • Aug 6, 2020 9:51am Aug 6, 2020 9:51am
Quoting leashedmode
{quote} Definitely it can be broken, a dive to 1.1775 is possible, while still maintaining the bullish picture so yes that makes sense.
Earlier I had expected 1.1700 to 1.1725 range
But bulls are strong enough to get to that levels
PaRaM
  • #1,177,614
  • Aug 6, 2020 9:57am Aug 6, 2020 9:57am
Quoting VuLe
{quote} zZzZzz BE is good but my mindset is to catch this wild snake slithering up and down the market >.>.... now Im caught on the end side. I guess bears are good now. Not even going to try and add any other longs. Going to watch it. Suthmo may be right 1.1800 could be broken.

1.1825 is also the 61.8 fib of the weekly TF top to bottom wave from feb 2018 to mar 2020. It has been broken by the Daily TF but it's possible the weekly candle respects it. The last weekly candle almost closed @ about half the size of the previous one, and this one is sitting at almost half of the previous one. So yes it's possible that the bears conquer 1.180 while the bulls defend 1.170 next week. Nothing is for sure though. I am still counting on the bulls, at least until 1.180 holds, most importantly tomorrow.. today the bullish channel has room down to 1.1775 so let's see, it will be sitting somewhere around 1.180 tomorrow if the price stays up.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,615
  • Aug 6, 2020 10:03am Aug 6, 2020 10:03am
Quoting pgidia
PaitenceFx would like to see your Chart after this fall

Attached Image (click to enlarge)
Click to Enlarge Name: eueu.png Size: 102 KB
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,616
  • Aug 6, 2020 10:11am Aug 6, 2020 10:11am
Quoting leashedmode
{quote} {image}
Can i take a breather now??? Need it to break 1.1870 so I can start jumping
Trade what you see, take what the market gives you.
  • #1,177,617
  • Aug 6, 2020 10:16am Aug 6, 2020 10:16am
High volatility !! across all Majors in the last 30mins, easily 30pips up, 30pips down, then 30pips up again.
For a moment I though it is NFP now....I thought I must have gotten my days and time wrong...LOL
Why at this hour (US EDT 11am) ? London closing scrambling to square?
Anyway, stay safe and good pips!
  • #1,177,618
  • Aug 6, 2020 10:17am Aug 6, 2020 10:17am
Sold again at 1.1853 and moved SL back to BE
Attached Image
PaRaM
  • #1,177,619
  • Aug 6, 2020 10:18am Aug 6, 2020 10:18am
Yep my sell got burned as expected. the same problem happened at the top last night.
The sub waves in 7 reduce the target level indicated and have to watch the subs of 7
to come to the exact lower or higher reversal points respectively.

5 into 6 I keep falling down on this keep writing down the lessons and keep messing it up still because there was a massive discovery right here I had not yet stumbled upon but today it's hit me.Trying to resist the urge to give up every secret as soon as I found it haha. Have left out some details kept for myself haha.
Founder of Sutherland Wave Principle
  • #1,177,620
  • Aug 6, 2020 10:23am Aug 6, 2020 10:23am
Quoting VuLe
{quote} Can i take a breather now??? Need it to break 1.1870 so I can start jumping
One H1 close above 1.1866 needed for it to go above
1.1866 strong resistance today
PaRaM
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